Finance News Network

News by Anna Napoli

Anna Napoli

Finance News Network

Tabcorp's (ASX:TAH) Q1 revenue slides 5.7%

20 Oct 2020 - Gambling group Tabcorp’s (ASX:TAH) first quarter revenue fell 5.7 per cent (unaudited) compared to the same period last year.

Afterpay (ASX:APT) partners with Westpac to offer savings accounts and cash flow tools

20 Oct 2020 - Afterpay (ASX:APT) has partnered with Westpac on its new digital banking platform, which will allow Afterpay customers to use their new savings account to conduct the…

Hotel group Redcape (ASX:RDC) tops guidance

20 Oct 2020 - Redcape Hotel Group (ASX:RDC) has beat its operating earnings and dividend guidance for the September quarter despite capacity restrictions at pubs and hotels in New …

Aus shares to fall: Wall Street tumbles on stimulus fears

20 Oct 2020 - Australian shares are set for a weaker start this morning after US stocks fell sharply on Monday as both the Dow and the S&P500 had their worst day since September 23…

Banks offset gains by CSL and James Hardie: Aus shares 0.04% lower at noon

14 Oct 2020 - Australian shares have clawed back from early lows to be flat at noon as the big banks offset gains by CSL, James Hardie and Sonic Healthcare. The ASX is 0.04% or 3 p…

James Hardie (ASX:JHX) raises guidance

14 Oct 2020 - James Hardie (ASX:JHX) raised its FY21 net operating profit guidance range to between US$380 million and US$420 million, from a previous guide of US$330 million and U…

AUSTRAC decides against taking further action against Afterpay (ASX:APT)

14 Oct 2020 - Buy now pay later company Afterpay (ASX:APT) says AUSTRAC has considered an audit into the company’s compliance with anti-money laundering and counter-terrorism regul…

Sonic Healthcare (ASX:SHL) September quarter earnings up 71%

14 Oct 2020 - Sonic Healthcare’s revenue rose 29 per cent to $2.14 billion in the September quarter compared to the same time last year as the company benefited from a surge in COV…

Bank of Queensland (ASX:BOQ) posts 30% decline in cash net profits but resumes paying dividends

14 Oct 2020 - Bank of Queensland (ASX:BOQ) has posted a 30 per cent decline in cash net profits for FY20 to $225 million.

Coronavirus vaccine trials halted, US shares fall for first time in 5 days - Aus shares to open lower

14 Oct 2020 - Australians shares are set for a weaker start this morning after US stocks fell for the first time in five days on Tuesday. The declines came as investors mulled over…

Telstra takes off: ASX closes 1% higher to 7-month high

13 Oct 2020 - The local share market has powered to its highest level in seven months and its seventh positive consecutive session. The big banks led the gains with Westpac rising…

Turbo tech, Afterpay and Xero soar to fresh highs: Aus shares 1% higher at noon

13 Oct 2020 - Australian shares have surged higher in the first two hours of trade the ASX is 1 per cent or 61 points up at 6193 the SPI futures are pointing to a rise of 65 points…

CBA (ASX:CBA) Chairman says Australia's largest bank has a resilient balance sheet

13 Oct 2020 - CBA (ASX:CBA) Chairman Catherine Livingstone says Australia’s largest bank has a resilient balance sheet noting the year ahead will involve challenges and uncertainty…

iSelect (ASX:ISU) posts bumper first quarter earnings

13 Oct 2020 - Comparison website iSelect (ASX:ISU) first-quarter earnings (EBITDA) have jumped to $8.1 million compared to $1.7 million for the year-earlier period.

Unibail-Rodamco-Westfield (ASX:URW) to sell the SHiFT office building for 620m

13 Oct 2020 - Unibail-Rodamco-Westfield (ASX:URW) has inked a deal with a consortium of French institutional investors (Primonial REIM, La Française and EDF Invest) for the sale of…

Oceanagold (ASX:OGC) axes 496 Philippines employees

13 Oct 2020 - OceanaGold Corporation (ASX:OGC) has permanently laid off 496 of its Philippines employees. The employees are predominantly from local communities.

US tech shares surge: local shares to follow higher

13 Oct 2020 - Australians shares are set for a positive start after US sharemarkets climbed on Monday, led higher by a rally in some of the world's largest tech companies. Shares o…

Market lifts amid budget bounce: ASX up 0.4% at noon

07 Oct 2020 - The Australian sharemarket has bounced back from morning lows despite US markets plunging after Donald Trump tweeted he would halt stimulus talks until after the elec…

AGL (ASX:AGL) expects FY21 earnings in range of $560-$660m

07 Oct 2020 - AGL (ASX:AGL) has confirmed that it expects earnings in a range of $560 million to $660 mllion in financial year 2021.

UBS retains buy rating on Costa Group (ASX:CGC)

07 Oct 2020 - Investment bank UBS has maintained its buy rating on fruit and vegetable wholesaler Costa Group (ASX:CGC).

ARB (ASX:ARB) posts Q1 sales growth of 17.7%

07 Oct 2020 - 4WD accessory manufacturer and distributor ARB Corporation (ASX:ARB) has posted unaudited sales revenue growth of 17.7 per cent for the first quarter of FY21 compared…

Magellan (ASX:MFG) inflows continue upwards growth

07 Oct 2020 - Magellan Financial Group's (ASX:MFG) funds under management increased by 1.2 per cent to $102.1 billion through September.

Wall Street sinks as Trump calls off stimulus talks: Aus shares to open lower

07 Oct 2020 - The local sharemarket is set for a weak start this morning after stocks tumbled on Wall Street when Donald Trump called off talks on a new economic relief stimulus pa…

Tech and travel stocks shine: ASX closes 0.2% lower

28 Sep 2020 - The local share market has ended the session lower after a lacklustre day of trade. The S&P ASX 200 shed 0.2 down per cent or lost 13 points to 5952. The big banks we…

Travel stocks take flight: ASX 0.2% higher at noon

28 Sep 2020 - The S&P/ASX 200 has fallen flat in the first two hours of trade despite strong leads from US markets. Falls in the industrials, financials, and consumer staples secto…

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