The (ASX: XJO) has started the week in a disappointing fashion. In afternoon trade, the benchmark index is down 0.65% to 7,746.
1 points. Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising: ( ) The Cleanaway Waste Management share price is up 1.
5% to $2.73. This follows news that the waste management company has the waste and recycling business and assets of Citywide Service Solutions, Citywide Waste, for a total consideration of $110 million.
Citywide Waste provides waste management services to approximately 1,500 municipal, commercial, and industrial customers in Melbourne. This includes Melbourne City Council. It generated EBITDA of $10.
7 million and EBIT of $6.4 million in the twelve-month period ending February 2024. ( ) The IGO share price is up 2.
5% to $5.71. This is despite ( ) taking legal action claiming to be entitled to royalty payments from the Tropicana Gold Mine in Western Australia.
IGO continues to deny that it has any liability to South32 on the basis that the pre-conditions to any entitlement to be paid a royalty have not been satisfied. This gain could have been driven by a broad rebound in the battery materials space on Monday. ( ) The Myer share price is up 17% to 75.
5 cents. This has been driven by that the department store operator is wanting to merge with the apparel brands of ( ). This comprises the Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti brands.
The combination would see the departme.
