Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

Ausbil Global SmallCap Fund celebrates three-year anniversary

28 Jun 2021 - Ausbil Global SmallCap Fund Portfolio Managers Simon Wood and Tobias Bucks talk about the performance of the fund on its three-year anniversary, where it finds value,…

Friday rally fails to extend five-week streak: Aus shares close 0.5% higher

dd Mmm 2021 - The Australian sharemarket maintained its foothold in positive territory throughout the day, despite the broad-based advance’s slight deceleration before midday. The …

Bankers and miners resist downward pressure: Aus shares trading 0.3% higher at noon

25 Jun 2021 - The ASX200 emerged in opening trade and clawed back yesterday’s losses, on the back of strong leads from Wall Street. Banking and Mining stocks did the heavy lifting …

Bendigo Bank's Ex-Managing Director to join AMP (ASX:AMP) board

25 Jun 2021 - Under-pressure financial giant AMP (ASX:AMP) has made another high-profile recruitment to replenish its battered board. The $4 billion company has appointed Bendigo a…

Southern Cross Media (ASX:SXL) seals 2-year deal with Network 10

25 Jun 2021 - Southern Cross Media Group (ASX:SXL) has sealed a two-year content distribution deal with Network 10. The agreement will enable Network 10 to utilise the $526 million…

ASX misses Asia-Pacific rally party: Aus shares close 0.6% lower

23 Jun 2021 - The ASX200 continued its downbeat form in afternoon trade, diving under the 7300 mark in the last hour of the Wednesday session. The Australian sharemarket missed out…

Sydney coronavirus spike induces tighter restrictions: Aus shares trading 0.5% lower at noon

23 Jun 2021 - The Australian sharemarket retreated at the open, defying positive expectations set by Wall Street’s strong performance overnight. Most of the sectors were in the sel…

BetMakers (ASX:BET) acquires new platform and data assets

23 Jun 2021 - Wagering services provider BetMakers (ASX:BET) is ramping up the company’s technological advancement, having acquired new databases, technologies and platform assets.

Healthcare bucks positive sentiment: Aus shares close 1.5% higher

22 Jun 2021 - The ASX200 continued its run in positive territory in the afternoon session to repair damage sustained on Monday. The upward movement reflected positive US investor s…

Stocks of the Hour: Adairs, Washington H Soul Patts & Vocus Group

22 Jun 2021 - A snapshot of notable stock news for the hour including Adairs, Washington H Soul Patts & Vocus Group

Vocus (ASX:VOC) shareholders give nod to takeover by Voyage

22 Jun 2021 - Macquarie-backed investment firm Voyage Australia has received an overwhelming go-ahead from Vocus shareholders to acquire the telco for $3.5 billion. The $3.4 billio…

ASX rebounds from Monday blues: Aus shares trading 1.4% higher

22 Jun 2021 - The ASX200 staged a major comeback from Monday’s blues and recouped most losses from the previous session, in accordance with an optimistic handover from Wall Street …

Adairs (ASX:ADH) speeds up purchase of Mocka

22 June 2021 - Bedding retailer Adairs (ASX:ADH) has speeded up their purchase plan to fully acquire homewares and furniture supplier Mocka. The ASX-listed home furnishings special…

Washington H. Soul Patts (ASX:SOL)'s merger proposal to create $10b investment giant

22 Jun 2021 - Investment powerhouse Washington H. Soul Pattinson (ASX:SOL) is looking combine strength with industry peer Milton Corporation (ASX:MLT) in a merger that would form a…

Healthcare stems red tide: Aus shares close 1.8% lower

21 Jun 2021 - The Australian sharemarket’s decline eased up in afternoon trade, partially bouncing back from a slump of 2.1 per cent. The afternoon session’s partial recovery could…

Stocks of the Hour: Bank of Queensland, Commonwealth & Boral

21 Jun 2021 - A snapshot of companies making headlines for the hour, featuring Bank of Queensland, Commonwealth & Boral

Boral (ASX:BLD) further downgrades US footprint

21 Jun 2021 - Construction materials manufacturer Boral (ASX:BLD) is accelerating the downgrade of the company’s footprint in the US market, having agreed to a divestment of the co…

Inflation panic erases 3 weeks worth of gains: Aus shares trading 1.9% lower

21 Jun 2021 - The Australian sharemarket plunged at the open and descended below the 7300 mark during morning session, following pessimistic leads from Wall Street overnight. Wall …

Commonwealth (ASX:CBA)'s $625m demerger to kickstart partnership with Hollard

21 Jun 2021 - Banking giant Commonwealth (ASX:CBA) is set to offload its home and vehicle insurance division to South African-headquartered insurer Hollard Group. The transaction e…

Bank of Queensland (ASX:BOQ) receives green light to purchase ME Bank

21 Jun 2021 - The Bank of Queensland has received the green light from the The Treasurer of the Commonwealth of Australia to proceed with its acquisition of boutique loans provider…

BluGlass (ASX:BLG) update on laser diode production and rights issue

21 Jun 2021 - BluGlass Limited (ASX:BLG) Executive Chair, James Walker and Chief Technology and Operations Officer, Dr Ian Mann discuss the company's laser diode production and its…

ASX extends advance run to 5 weeks: Aus shares close 0.1% higher

18 Jun 2021 - The ASX200 maintained strong form throughout the day, piercing past the 7400 mark in the morning session before wrapping up the trading week on a positive note. This …

Stocks of the Hour: Woolworths, Betmakers & Bubs Australia

18 Jun 2021 - The week's last snapshot of the companies making headlines for the hour featuring Woolworths, Betmakers & Bubs Australia.

BetMakers (ASX:BET) extends global reach via Sportech acquisition

18 Jun 2021 - Online gaming developer BetMakers (ASX:BET) has taken its global expansion campaign to the next level, after finalising the takeover transaction for the tote and digi…

Support for Woolworths (ASX:WOW)' demerger overshadows underpayment blunder

18 Jun 2021 - Grocery retail giant Woolworths (ASX:WOW)’s spin-off of its liquor, hospitality and gaming arm has received overwhelming shareholder support.The company’s proxy vote …