Finance News Network

News by Anna Napoli

Anna Napoli

Finance News Network

Westpac (ASX:WBC) ‘truly sorry’ over issues raised by AUSTRAC

12 Dec 2019 - Embattled bank Westpac (ASX:WBC) has kicked of its AGM in Sydney this morning with Chairman Lindsay Maxsted saying the board is deeply distressed in the wake of civil…

Downer (ASX:DOW) wins $520m Logan City Council contract

12 Dec 2019 - Downer EDI (ASX:DOW) has won a five-year contract, valued at approximately $520 million, to plan, design and deliver water and wastewater infrastructure for Logan Cit…

Atlas Arteria (ASX:ALX) sucessfully completes $1.35b raising

12 Dec 2019 - Toll road operator, Atlas Arteria (ASX:ALX) has successfully completed its A$1.35 billion equity raising including the fully underwritten 4 for 21 pro-rata accelerate…

Charter Hall (ASX:CHC) launches $350m equity raising to fund property acquisitions

12 Dec 2019 - Charter Hall (ASX:CHC) will launch an equity raising of about $350 million to fund a number of property acquisitions worth $619 million.

Fed signals no rate hikes in 2020: Aus shares to open lower

12 Dec 2019 - The local share market looks set to open lower this morning despite stocks closing slightly higher on Wall Street yesterday after the Federal Reserve signaled it is n…

Macquarie Group (ASX:MQG) announces S&P ratings upgrade

12 Dec 2019 - S&P Global Ratings have upgraded the long-term issuer credit ratings for Macquarie Group (ASX:MQG), Macquarie Bank (ASX:MBL) and other Macquarie entities.

SEEK (ASX:SEK) successfully prices A$150m floating rate subordinated note Issuance

12 Dec 2019 - Employment platform SEEK (ASX:SEK) will issue A$150 mIllion of Floating Rate Subordinated Notes with a quarterly coupon of 3 month BBSW + 3.70 per cent.

DomaCom (ASX:DCL) fractional investment platform

2 Dec 2019 - DomaCom Limited (ASX:DCL) CEO Arthur Naoumidis talks about a year of significant progress with regulators, the company's capital raising to accelerate marketing and FU…

Housing prices surge: Aus shares 0.5% higher at noon

2 Dec 2019 - The Australian share market has risen sharply this morning as investors await a big week of local economic data. All of the sectors except energy are in the green. Buy…

Alpha HPA (ASX:A4N) pilot plant update

21 Nov 2019 - Alpha HPA (ASX:A4N) Managing Director, Rimas Kairaitis provides an update on the company's High Purity Aluminum (HPA) processing technology, pilot plant program and p…

Redcape Hotel Group (ASX:RDC) - owner & operator

19 Nov 2019 - Redcape Hotel Group Limited (ASX:RDC) CEO, Dan Brady discusses FY19 results, company strategy and creating pub venues that become the hub of local communities.

a2 Milk (ASX:A2M) lifts earnings guidance

19 Nov 2019 - A2 Milk (ASX:A2M) as lifted its earnings margin forecast to 29 to 30 per cent for 2020 financial year ahead of its previous guidance of 28.2 per cent.

Technology One (ASX:TNE) posts 50% increase in profit

19 Nov 2019 - Software company, TechnologyOne (ASX:TNE) has posted a 50 per cent increase in profit to $76.4 million for the financial year ending 30 September 2019.

Mayne Pharma (ASX:MYX) to extend range of dermatology products with licensing of $US40m drug

19 Nov 2019 - Mayne Pharma (ASX:MYX) will extend its range of dermatology products through the licensing of a generic topical dermatology product from Encube Ethicals which is a le…

Kogan (ASX:KGN) gross sales exceed half a billion dollars

19 Nov 2019 - Kogan (ASX:KGN) has kicked off its AGM in Melbourne with Chairman Greg Ridder hi lighting the company’s accelerated growth of the exclusive brands product division, a…

Wall St closes little changed: Aus shares to open flat

19 Nov 2019 - The local sharemarket is poised to open flat following a quiet session on Wall Street on Monday. In the US stocks reached fresh records but pared back to close the se…

Abacus Property Group (ASX:ABP) and Charter Hall’s takeover of Australian Unity Office fund abandoned

19 Nov 2019 - Abacus Property Group (ASX:ABP) and Charter Hall’s plans to purchase the Australian Unity Office Fund will not go ahead.

Adelaide Brighton (ASX:ABC) increases borrowing limits to $900m

19 Nov 2019 - Building construction firm Adelaide Brighton Ltd (ASX:ABC) has extended the maturity of its debt and increased its committed borrowing limits from A$715 million to A$…

Prospa Group sinks on profit downgrade: Aus shares close 0.4% lower

18 Nov 2019 - Its been a softer start to the week for the Australian sharemarket despite a strong lead in from Wall Street. There were losses across the board with 8 out of 10 sect…

Westpac, miners weigh on market: ASX closes 0.3% lower

12 Nov 2019 - The local market has extended an early decline today with 6 out of 10 sectors finishing lower. Shares in Jumbo Interactive (ASX:JIN) jumped as much as 9 per today to…

IVE Group (ASX:IGL) FY19 results & outlook

01 Nov 2019 - IVE Group Limited (ASX:IGL) Executive Chairman, Geoff Selig talks about FY19 results, trends strategy and FY20 outlook.

State Gas (ASX:GAS) - Bowen Basin gas developer

06 Nov 2019 - State Gas Limited (ASX:GAS) Executive Chairman, Richard Cottee provides an update on the company's key Reid’s Dome PL 231 gas project, drill program and timeline to p…

Westpac slumps: Aus shares 0.1% higher at noon

05 Nov 2019 - The local sharemarket’s bright start has faded in the second hour of trade. The market opened up around 40 pts following Wall Street higher but has eased back and is …

AP Eagers (ASX:APE) completes sale of Newcastle and Hunter properties to Tony White Group

05 Nov 2019 - AP Eagers (ASX:APE) has sold its freehold properties in the Newcastle and Hunter Valley region to the Tony White Group.

S&P Global lowers Speedcast’s rating lowered from B to B-

05 Nov 2019 - Communications and IT Services Provider Speedcast (ASX:SDA), has announced that S&P Global has lowered its issuer credit rating to B- from B, and maintained the outlo…

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