ASX:FMG

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ASX:FMG

Construction work done falls 1.9% in March Qtr: ASX tracking 0.1% lower at noon

22 May 2019 - The ASX has snapped its winning streak and has shed 0.1% at noon, after the local bourse made gains for the five past sessions. Nevertheless, we are still trading at …

Fortescue approves development of Queens Valley in WA

22 May 2019 - Fortescue (ASX:FMG) has announced the development of the Queens Valley mining area at its Solomon Hub in the Pilbara region of Western Australia.

Dollar slumps after RBA hints at future rate cut: ASX set to open higher

22 May 2019 - The ASX is set to edge higher at the open, as shares in Europe and the US rebounded. Apple rose 2% helping tech stocks rebound in the US. The AUD slumped yesterday af…

Splitit set to raise $30 million: Aus shares up 1.1% over week

17 May 2019 - The Australian share market finished 0.6 per cent higher today after hitting a new 11 year high early in the session. Despite this, the Australian dollar continued to…

Wage Price Index rises 0.5% in the March quarter: ASX 0.5% higher at noon

15 May 2019 - The ASX opened higher following Wall Street’s claw back and is now tracking 0.5% higher at noon. The Wage Price Index (WPI) rose 0.5 per cent in the March quarter. Co…

RBA's decision sees market dip: ASX closes 0.2% higher

07 May 2019 - The ASX closed 0.2% up, just below 6300 – higher than yesterday's close but lower than the peak at lunchtime. Mayne Pharma (ASX:MYX) shares continue to fall as do HUB…

Vale news pushes miners up, RBA cash rate to hold at 1.5% for 30th time: Aus shares 0.8% higher at noon

07 May 2019 - Miners lead after Brazilian miner Vale had a court halt its Brucutu iron ore mining complex. Aus' retail sales rise 0.3%, beating expectations, Australia's trade surp…

Abacus plans to divest $31m in assets: ASX up 2% over week

26 Apr 2019 - The ASX200 has been clawing back ground this afternoon to close flat. Over the week the market gained 2% with all of the sectors except Materials and Communications c…

WAM Leaders appoint Ross Finley as director: ASX200 0.1 per cent lower at noon

26 Apr 2019 - The ASX200 opened slightly higher this morning following mixed leads from Wall Street and is trading 0.1 per cent lower at noon. Utilities and Real Estate are leading…

Ausdrill investigates fraud: Aus shares close 0.3% lower

17 Apr 2019 - The ASX opened higher this morning following positive leads from the US to close 0.3 per cent lower. Only Communications and Financials managed to make ground today. …

Nickel Mines to buy 70% of Ranger Nickel project: Aus shares 0.1% lower at noon

17 Apr 2019 - The ASX200 opened higher following positive leads from Wall Street and is tracking 0.1% lower at noon. Most of the sectors are in the red. Nickel Mines (ASX:NIC) are …

Energy sector gains not enough to push ASX into positive territory: Aus shares close flat

09 Apr 2019 - The local share market fluctuated between positive and negative territories today. Crown Resorts (ASX:CWN) was the day’s star performer, rising 20 per cent. The major…

Selling mounts ahead of Fed Budget, but ASX touches record territory: Aus shares close 0.4% higher

02 Apr 2019 - Rio Tinto (ASX:RIO) shares hit 52-week high and Citi maintains buy position with price target of $108. Fortescue Metals (ASX:FMG) Iron Bridge Magnetite Project, Austr…

Iron Bridge Project approved for Fortescue Metals subsidiary

02 Apr 2019 - A subsidiary of Fortescue Metals Group (ASX:FMG) FMG Magnetite and joint venture partner Formosa Steel IB have approved the development of Stage 2 of the Iron Bridge …

Eclipx falls 54%, miners cop selling bracing for cyclone: Aus shares close 0.3% lower

20 Mar 2019 - Miners cop the most sector selling after tropical cyclone Veronica threatens WA's Pilbara region. APRA to increase scrutiny of how banks manage climate change to thei…

Miners lead the charge: Aus shares close 0.3% higher

18 Mar 2019 - Wisr (ASX:WZR) has officially launched its debt reduction round-up app. CBA (ASX:CBA) settles a R&D tax dispute with the ATO, Vocus Group (ASX:VOC) quashes media spec…

Resilient rise despite terror event in NZ: Aus shares 0.3% higher at noon

18 Mar 2019 - Business as usual for traders and investors despite Mosque massacre. Manikay Partners increases stake in MYOB (ASX:MYO) & Citi has MYO as hold stock. McMillan Shakesp…

Intra day profit taking, but ASX holds 7-month high: Aus shares close 0.4% higher

04 Mar 2019 - Tech sector shines with Afterpay (ASX:APT) and Zip Co (ASX:Z1P) rising. Bubs Australia (ASX:BUB) states terms for Tatura goat milk deal, Oil Search (ASX:OSH) profit r…

ASX hits new 7-month high: Aus shares 0.7% higher at midday

04 Mar 2019 - ASX musters up to new 7-month highs. UBS shaves EPS for FY19. Reece (ASX:REH) buy rating downgraded despite results beating expectations, EQT Holdings (ASX:EQT) appo…

Dow and S&P 500 slide lower: ASX poised for a flat open

28 Feb 2019 - Australian shares are poised to open flat as stocks in the US drifted lower as the deal with China rumbles on. President Donald Trump has extended the deal past the 1…

Bumper reporting day fails to boost market: ASX closes 0.2% lower

20 Feb 2019 - The ASX closed 0.2% lower today after a large number of companies reported their half year results. Corporate Travel Management (ASX:CTD) topped the best performers l…

Wage growth below expectations: ASX tracking 0.2% lower at noon

20 Feb 2019 - The ASX opened lower. It is now tracking 0.2% lower at noon. The a2 Milk company (ASX:A2M) saw their shares rise as they reported net profit, earnings and revenue for…

Financial Inquiry pushes ASX to 4-month high: Aus shares 1.9% higher at noon

05 Feb 2019 - Market at Midday. ASX back above 6,000 points on banks and AMP rallying on the final report from the Royal Commission into Misconduct in the Banking, Superannuation a…

Beach Energy & ORG 3-month high, ASX up 6% in Jan: Aus shares 0.1% higher at noon

31 Jan 2019 - ASX mid-session report. Tech stocks, miners and Energy players bounce. Fortescue Metals (ASX:FMG) & Rio (ASX:RIO) upgraded. Australia's loans rise 4.3% YOY, less than…

Fortescue gains 8%, Rio 5%, BHP 3%: Aus shares gain 0.2% Wednesday

30 Jan 2019 - Market Wrap. Local tech selling caps gain. Yesterday's IPO Splitit Payments (ASX:SPT) shares lift 70%. Australian CPI up more than expected in Qtr. Syrah Resources (A…