Today's ASX news
Santos (ASX:STO) share price sinks 11% as takeover collapses
The Santos Ltd (ASX:STO) share price is down more than 11% after the takeover offer from the XRG Consortium was withdrawn.
September 18, 2025
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Santos Ltd (ASX:STO) share price is down more than 11% after the takeover offer from the XRG Consortium was withdrawn.
The US Federal Reserve reduced the interest rate by 0.25% and expects more within the next year, impacting ASX 200 Index (ASX: XJO) shares.
The DroneShield Ltd (ASX:DRO) share price jumped 4% after the company gave a contract update regarding the US.
The BHP Group Ltd (ASX:BHP) share price is in focus after news that 750 jobs are being cut at one of the ASX mining share’s project.
The CSL Ltd (ASX:CSL) share price is in focus after announcing a partnership with VarmX for a potential total cost of US$505 million.
The AMP Ltd (ASX:AMP) share price is up 5% after giving updates about the superannuation class action and legal action against insurers.
The ANZ Group Holdings Ltd (ASX: ANZ) share price is under focus after a huge fine from regulators regarding the bond trading scandal.
The Woodside Energy Group Ltd (ASX:WDS) share price dropped more than 3% following approval of the North West Shelf extension.
The S&P/ASX 200 (ASX: XJO) is currently up 0.5% following a strong day for the US share market amid rate cut expectations.
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