Finance News Network

News by David Chau

David Chau

Finance News Network

Myer sales fall in 3Q17

11 May 2017 - Myer's (ASX:MYR) sales fall 3.3% to $653 million in 3Q17.

BT releases 1H17 results with record net inflows

11 May 2017 - BT Investment Management Ltd's (ASX:BTT) closing FUM rose 9% to $91.2 billion in 1H17, with record net inflows.

GrainCorp reports strong 1H results and $100M profit

11 May 2017 - GrainCorp (ASX:GNC) posted strong first half results, boosted by large Australian grain harvest and higher export volumes.

Cochlear acquires Sycle for US$78M

11 May 2017 - Cochlear (ASX:COH) acquires Sycle LLC,an audiology practice management software company, and estimates the acquisition price will be US$78 million.

Z Energy FY17 profit boosted by Caltex acquisition

11 May 2017 - Z Energy's (ASX:ZEL) historical cost NPAT rose to $243 million in FY17, primarily driven by its Caltex acquisition.

Xero posts improved FY17 results and smaller losses

11 May 2017 - Xero Ltd (ASX:XRO) posts full-year results with improvements to its net loss and operating revenue.

Oil’s overnight rebound fuels ASX to open higher

11 May 2017 - Oil's overnight rebound fuels ASX to open higher. CIMIC Group’s (ASX:CIM) company, CPB Contractors, to deliver three new projects for Main Roads Western Australia.

Post-budget rebound: ASX lifts 0.29% at noon

10 May 2017 - Post-budget rebound: ASX lifts 0.29% at noon. South32's (ASX:S32) production at Ilawarra Metallurgical Coal in FY17 is now expected to be at least 10% below its prior…

CSR shares fall 10% despite a 25% FY profit increase

10 May 2017 - CSR (ASX:CSR) reported its full year NPAT rose 25% to $177.9 million, bolstered by its Building Products business.

CIMIC: UGL awarded EPC contracts for new solar farms

10 May 2017 - CIMIC Group’s (ASX:CIM) company, UGL, has been awarded EPC contracts to design and build two new solar farms in NSW and Queensland.

News Corp posts better-than-expected 3Q17 results

10 May 2017 - News Corp's (ASX:NWS) third quarter revenue rose 5% to $1.98 billion, with strong performance from its digital real estate and news and information segments.

REA Group releases 3Q17 and nine-month results

10 May 2017 - REA Group (ASX:REA) posted a 16% rise in third quarter revenue to $156 million, and a 20% gain in EBITDA to $86 million.

Monadelphous awarded contract for Ichthys LNG Project

10 May 2017 - Monadelphous Group Ltd (ASX:MND) has been awarded a long-term offshore maintenance services contract for Ichthys Liquefied Natural Gas (LNG) Project.

Altura Mining awards lithium contract to Qube and others

10 May 2017 - Altura Mining Ltd (ASX:AJM) awards three significant contracts for the construction and operation of its Pilangoora Lithium Project in Western Australia.

ASX to open higher following release of Federal Budget

10 May 2017 - ASX to open higher following release of Federal Budget. Spotless Group Holdings Ltd (ASX:SPO) enters into an agreement to purchase Cabrini Linen Service.

Ingenia Communities acquires NSW holiday park for $13.5M

09 May 2017 - Ingenia Communities (ASX:INA) exchanges unconditional contracts for its $13.5 million acquisition of the BIG4 Bonny Hills Holiday Park in NSW.

Ardent Leisure revenue falls 38.9% in March and April

09 May 2017 - Ardent Leisure’s (ASX:AAD) theme parks unaudited revenues fell 38.9% in March and April due to a fall in visitor numbers.

Crown Resorts’ subsidiary enters repurchase deal with Melco

09 May 2017 - Crown Asia Investments Pty Ltd, the subsidiary of Crown Resorts (ASX:CWN), enters into share repurchase deal with Melco Resorts & Entertainment Ltd.

Apollo Tourism to expand rental operations in Canada

09 May 2017 - Apollo Tourism & Leisure Ltd (ASX:ATL) announces plans to acquire Canadian RV company, CanaDream.

CBA posts $2.4B cash earnings in 3Q17

09 May 2017 - Commonwealth Bank's (ASX:CBA) cash earnings rose to $2.4 billion for the three months ended 31 March 2017.

Incitec Pivot’s half-year earnings jump 23%

09 May 2017 - Incitec Pivot's (ASX:IPL) half-year EBIT rose 23% to $242.8 million, driven by higher earnings from explosives and industrial chemicals.