Finance News Network

News by Anna Napoli

Anna Napoli

Finance News Network

Westpac profit plunges 15% dragging down the banks: ASX 0.4% higher at noon

04 Nov 2019 - The Australian sharemarket has dulled its early rise but most sectors are in the green at midday. Pro Medicus (ASX:PME) has signed a 5-year contract with The Ohio Sta…

Cardno (ASX:CDD) Chief Executive resigns effective immediately

04 Nov 2019 - Cardno (ASX:CDD) Chief Executive and Managing Director Ian Ball has resigned effective immediately to pursue other opportunities.

Wattle Health (ASX:WHA) Signs Collaboration Agreement with China Dairy Products Company Nouriz

04 Nov 2019 - Wattle Health (ASX:WHA) has signed a collaboration agreement with Chinese dairy products company Nouriz.

Independence Group (ASX:IGO) launches off-market takeover bid for Panoramic

04 Nov 2019 - Independence Group (ASX:IGO) has launched an off-market takeover bid for Panoramic Resources, offering one of its shares for every 13 Panoramic shares.

NRW Holdings (ASX:NWH) confirms takeover discussions with BGC Contracting

04 Nov 2019 - NRW Holdings (ASX:NWH) has confirmed media reports that it has been in discussions with Perth-based mining and construction company BGC Contracting regarding a potent…

Sim’s Metal Management (ASX:SGM) CEO to retire from board

04 Nov 2019 - Sims Metal Management (ASX:SIM) sitting CEO Mike Kane will not stand for election at the company’s 2019 AGM and will retire from the Board on 4 November 2019.

Westpac (ASX:WBC) profit drops 16 per cent in “disappointing year”

04 Nov 2019 - Westpac (ASX:WBC) has announced a 16 per cent slide in statutory net profit to $6.8 billion for the 2019 full year.

US jobs numbers boost Wall Street: Aus shares to open higher

04 Nov 2019 - The local sharemarket is poised to open higher following strong leads from Wall Street on Friday. In the US stocks rose sharply as investor sentiment got a boost from…

Beach Energy’s (ASX:BPT) first quarter FY20 production down

dd Mmm 2019 - Beach Energy's (ASX:BPT) production declined in the September quarter on the back of the sales of its 40 per cent interest in the Victorian Otway assets.

Worley Parsons completes 3sun acquisition

28 Oct 2019 - Worley Parsons (ASX:WOR) has completed its acquisition of UK based offshore wind energy installation, inspection and maintenance business 3sun Group for £20 million.

Aveo (ASX:AOG) urges shareholders to accept Brookfield offer

28 Oct 2019 - Retirement and aged care company, Aveo (ASX:AOG) has reiterated calls to shareholders to accept the takeover offer from Brookfield before the 4 November proxy vote cu…

Sims (ASX:SGM) earnings hit by scrap price crash

28 Oct 2019 - Sims Metal Management (ASX:SGM) has flagged expectations of an underlying first-half loss before interest and tax of around $20 million to $30 million.

Cromwell Property Group (ASX:CMW) to acquire all third party investor interests in the Cromwell Polish Retail Fund

28 Oct 2019 - Real estate investor and manager Cromwell Property Group (ASX:CMW) inked a deal to acquire all third party investor interests in the Cromwell Polish Retail Fund (CPRF…

Coca-Cola Amatil (ASX:CCL) Director Julia Coates to retire

28 Oct 2019 - Coca-Cola Amatil (ASX:CCL) Director Julia Coates will sretire from the company at the end of November following her appointment as CEO of CSR announced last month.

Wall St rises on earnings and trade optimism: Aus shares to open higher

28 Oct 2019 - The local sharemarket is poised to open higher following a positive session in the US on Friday. Stocks rose on Wall St on Friday as investors were buoyed by strong e…

Super retail (ASX:SUL) posts positive first quarter

22 Oct 2019 - Super retail group (ASX:SUL) has posted a positive result in the first quarter of the 2020 financial year the Group has delivered total sales growth of 4.2 per cent a…

Orocobre (ASX:ORE) announces record production at Olaroz facility

22 Oct 2019 - Orocobre (ASX:ORE) has announced record first quarter production of 3,093 tonnes at its Olaroz lithium facility. The result is 35 per cent higher than the year earli…

Whitehaven coal (ASX:WHC) warns thermal coal prices weaker

22 Oct 2019 - Coal mining powerhouse Whitehaven (ASX:WHC) has warned thermal coal prices have continued to exhibit weakness.

Oil Search (ASX:OSH) 2019 Q3 production drops

22 Oct 2019 - Oil Search (ASX:OSH) has seen its total production for the third quarter of 2019 decline to 6.8 million barrels of oil equivalent down 10 per cent on the year earlier…

Fonterra (ASX:FSF) raises milk price forecast

22 Oct 2019 - Fonterra (ASX:FSF) has this morning announced it is increasing its forecast farmgate milk price range from $6.25 - $7.25 per kgMS to $6.55 - $7.55 per kgMS.

Mirvac (ASX:MGR) reaffirms FY20 EPS guidance

22 Oct 2019 - Mirvac (ASX:MGR) has reaffirmed its full year EPS guidance, the company says it has maintained momentum from FY19, building on the solid metrics reported at the full …

Wall St rises on trade talk optimism and earnings: Aus shares to lift at open

22 Oct 2019 - The local sharemarket is poised for a positive start following strong leads from Wall Street. US markets closed higher on Monday, boosted by optimism around US-China …

Treasury Wines (ASX:TWE) Chief Executive Michael Clarke to retire

21 Oct 2019 - Treasury Wine Estates (ASX: TWE) Chief Executive Michael Clarke will retire from the role of Managing Director and Chief Executive Officer in the first quarter of fis…

Afterpay Touch (ASX:APT) says it welcomes RBA review

21 Oct 2019 - Afterpay Touch (ASX:APT) has responded to recent media reports on regulatory developments stating that it’s not currently the subject of an RBA enquiry.

Seven West (ASX:SWM) to sell Pacific Magazines

21 Oct 2019 - Seven West (ASX:SWM) has this morning confirmed reports it will sell Pacific Magazines to Bauer (Bower) Media for $40 million.

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