Finance News Network

Latest News

Asciano axing 500 jobs to save costs

19 Jun 2014 - Asciano Limited (ASX:AIO) announces job cuts as it ramps up its acceleration of two new business improvement programs.

Ten reining in costs as TV revenue slides

19 Jun 2014 - Ten Network Holdings Limited (ASX:TEN) affirms its commitment to reining in costs while warning it will book a fall in television revenue this financial year.

JB Hi-Fi affirms FY profit guidance & CEO swap

19 Jun 2014 - JB Hi-Fi Limited (ASX:JBH) affirms its fiscal 2014 profit guidance and says its CEO transition will take place at the beginning of the new financial year.

Resolute to take control of Bibiani gold project

19 Jun 2014 - Resolute Mining Limited (ASX:RSG) is poised to take control of the Bibiani Gold Project in Ghana.

Aquila backs $1.4B Baosteel & Aurizon bid

18 Jun 2014 - Aquila Resources Limited (ASX:AQA) backs a $1.4 billion takeover bid from Chinese giant Baosteel and coal haulage company Aurizon Holdings Limited (ASX:AZJ).

Qantas launches luxury LA lounge

18 Jun 2014 - Australia’s biggest airline Qantas Airways Limited (ASX:QAN) launches a multimillion-dollar luxury business class lounge in Los Angeles.

Steadfast buys trade credit insurance brokerage

18 Jun 2014 - Steadfast Group Limited’s (ASX:SDF) buys a specialist boutique trade credit insurance brokerage called IMC Trade Credit Solutions Pty Ltd.

Pulse Health ties up private hospital buy

18 Jun 2014 - Pulse Health Limited (ASX:PHG) ties up a $3 million purchase of the 34-bed North Mackay Private Hospital in Queensland.

David Jones suitor clears takeover hurdle

18 Jun 2014 - South African retail group Woolworths clears a hurdle in its bid to buy David Jones Limited (ASX:DJS).

Telecom NZ to expand cloud offering

18 Jun 2014 - Telecom Corporation of New Zealand (ASX:TEL, NZE:TEL) expands its cloud offering through the acquisition of business cloud specialist Appserve.

Battle for control of Ambassador intensifies

17 Jun 2014 - The battle to gain control of Ambassador Oil and Gas Limited (ASX:AQO) intensifies with Magnum Hunter Resources sweetening its offer.

Shell cuts Woodside stake from 23% to 4.5%

17 Jun 2014 - Woodside Petroleum Limited's (ASX:WPL) biggest shareholder Shell cuts its stake in the oil and gas producer from 23.1 per cent to a maximum of 4.5 per cent.

Air New Zealand builds Virgin stake

17 Jun 2014 - Virgin Australia Holdings Limited’s (ASX:VAH) dual listed shareholder Air New Zealand Limited (ASX:AIZ, NZE:AIR) again boosts its stake in the airline.

Watpac wins student accommodation contract

17 Jun 2014 - Watpac Limited (ASX:WTP) wins a $60 million contract to build student accommodation for University of Melbourne.

Nine strikes deal with Yellow Brick Road

17 Jun 2014 - Nine Entertainment Co Holdings Limited (ASX:NEC) and Yellow Brick Road Holdings Limited (ASX:YBR) strike a five year strategic marketing deal.

Woolworths teams up with Visa

17 Jun 2014 - Woolworths Limited (ASX:WOW) Money business is teaming up with Visa to offer consumer card payment solutions.

Echo jumps on FY earnings forecast

16 Jun 2014 - Shares in Echo Entertainment Group Limited (ASX:EGP) jump after forecasting higher than expected full year earnings.

Mesoblast gets $5M for research & development

16 Jun 2014 - Mesoblast Limited (ASX:MSB) has received $5.05 million for stem cell pipeline development from the Australian Government.

ASX debut marks first listed Bitcoin company

16 Jun 2014 - Digital CC Limited (ASX:DCC) becomes the world’s first Bitcoin focussed company to start trading on a major stock exchange after debuting on the ASX today.

UGL names new chief, sells DTZ for $1.2B

16 Jun 2014 - UGL Limited (ASX:UGL) names its new chief and announces it has sold its global property services business DTZ for $1.2 billion.

Super Retail FY profit expectations disappoint

16 Jun 2014 - Super Retail Group's Limited (ASX:SUL) Managing Director says the auto, leisure and sports retailer is extremely disappointed to further moderate its annual profit ex…

Flight Centre creates JV to target Asia

16 Jun 2014 - Flight Centre Travel Group Limited (ASX:FLT) teams up with Vietnam’s largest privately owned travel and hospitality group to target Asia.