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Speaker 1: Welcome to the Fearing Greed Business News Afternoon Report for Monday,

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Speaker 1: the four ninth of July twenty twenty five. I'm Sean Aylmer.

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Speaker 1: Every afternoon we've got the five stories that happened today

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Speaker 1: that you need to know about story and I'm one.

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Speaker 1: The SMPASX two hundred closed down slightly today's zero point

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Speaker 1: one percent, in fact, to eight thousand, five hundred and

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Speaker 1: seventy points. The banks were mixed, so to the big miners.

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Speaker 1: It's like investors are on school holidays at the moment.

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Speaker 1: Perhaps they are. There's a pretty good day of the

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Speaker 1: gold stocks on the back of the geopolitical uncertainty around

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Speaker 1: the place. Northern Star, Newmont and the Evolution Mining all rows.

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Speaker 1: The same uncertainty hit sum of the mid cap tech

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Speaker 1: stocks Zip, Appen, Block, NNA Sonics all fell Story number two.

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Speaker 1: There are bits and pieces of corporate news around today.

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Speaker 1: Drone Shield will invest thirteen million dollars in a major

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Speaker 1: new research, development and manufacturing facility, triple the size of

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Speaker 1: its current facility that pushed its share price up as

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Speaker 1: much as twelve percent to a record high. Retailor city

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Speaker 1: Ship Collective said it will make a profit for the

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Speaker 1: last financial year after losing money the previous year, but

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Speaker 1: the forecast bottom line disappointed investors. Its share price closed

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Speaker 1: down one percent. Henson Technology Is upgraded its underlying profit outlooks,

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Speaker 1: sending its share price up eleven percent. Coal minor Bowen

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Speaker 1: Cochin resumed trading on the AX after a three week

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Speaker 1: suspension sparked by growing concerns about its liquidity. Its share

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Speaker 1: price closed up four percent, And finally, Macquarick Technology Group

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Speaker 1: said its Data center arm has entered into an option

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Speaker 1: to purchase a pass of land for a new data

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Speaker 1: center campus in Sydney. It's share price up ten percent,

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Speaker 1: the best of the top two hundred Today Story number

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Speaker 1: three bidders for Abicus Storage King have up their offer

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Speaker 1: for the group by almost fifteen percent to two point

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Speaker 1: two billion dollars. That was enough to convince the ASX

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Speaker 1: listed company to open its books to the bidders, led

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Speaker 1: by a South African businessman and a Wall Street listed company.

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Speaker 1: In April, Abacus rejected a one dollar forty seven per

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Speaker 1: security bid, saying its portfolio really is valued about a

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Speaker 1: dollar seventy three a share. The latest offer is a

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Speaker 1: dollar sixty five a share. Its share price closed today

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Speaker 1: at a dollar sixty five, so there's still a ways

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Speaker 1: to go there. Apicus owns two hundred and ten self

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Speaker 1: storage sites in Australia and New Zealand, adding to the intrigue.

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Speaker 1: Another storage operator, ASX listed National Storage Route, owns nine

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Speaker 1: percent of Abicus. As I said, still a long way

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Speaker 1: to go on that one. Story number four. Diversified Minors

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Speaker 1: sou thirty two has put its production guidance under review,

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Speaker 1: flagging an unquantified expense at its Moses aluminium smelter in Mozambique.

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Speaker 1: The problem is getting energy to the mine. Electricity is

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Speaker 1: supplied to Moses under an agreement due to expiring March

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Speaker 1: next year. Now. Historically, the majority of electricity from Moses

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Speaker 1: has been generated in Mozambique by a hydroelectric power generator,

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Speaker 1: which is majority owned by the Mozambacon government. Negotiations over

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Speaker 1: affordable power after March next year is the reason for

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Speaker 1: the warning yesterday and story number five. The fallout from

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Speaker 1: Donald Trump's announcement of tariffs on the European Union continues,

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Speaker 1: with German Chancellor Frederic Mertz saying thirty percent tariffs would

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Speaker 1: hit exporters in Europe's largest economy to the core. Mertz

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Speaker 1: is hoping to find a negotiated solution in coming weeks.

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Speaker 1: He said. If the tariffs are introduced, they would overshadow

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Speaker 1: domestic policy in Germany's government may need to postpone parts

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Speaker 1: of its economic policy efforts. The European Union will extend

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Speaker 1: the suspension of trade countermeasures against the US until August

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Speaker 1: one to allow for further talks. However, according to Italy's

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Speaker 1: foreign minister, the EU has already already prepared a list

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Speaker 1: of tariffs on US goods if the two regions fail

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Speaker 1: to reach a deal. Meanwhile, Bloomberg is reporting that the

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Speaker 1: EU will step up its engagement with other countries hit

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Speaker 1: by US tariffs. Both Canada and Japan are included in

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Speaker 1: those plans. That's it for the afternoon report for Monday,

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Speaker 1: the fourteenth of July twenty twenty five. Make sure you

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Speaker 1: hit follow on the podcast. We will be back tomorrow

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Speaker 1: morning with a Tuesday edition of the past five business

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Speaker 1: news by Fear and Greek. I'm Sean Elma. Enjoy your

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Speaker 1: reading