Finance News Network

News by Anna Napoli

Anna Napoli

Finance News Network

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Cash Converters (ASX:CCV) settles class action for $42.5 million

21 Oct 2019 - Cash Converters (ASX:CCV) will pay $42.5 million to settle a class action claim.

Cromwell Property (ASX:CMW) appoints two new directors

21 Oct 2019 - Cromwell Property Group (ASX:CMW) has elected two new directors to the board.

Lynas (ASX:LYC) fourth quarter results hit by US-China trade war

21 Oct 2019 - Rare earth’s miner Lynas (ASX:LYC) says continuing US-China trade tensions, while leading to greater interest in Rare Earths, continue to have a negative short term e…

Dow drops more than 250pts to end the week: Aus shares set for soft open

21 Oct 2019 - The local sharemarket looks set to dip at the open after Wall Street fell by up to 1 per cent on Friday. Wisetech Global (ASX:WTC) has rejected the attack on its busi…

APRA won’t launch appeal against IOOF (ASX:IFL)

18 Oct 2019 - Wealth Manager, IOOF (ASX:IFL) has announced the Australian Prudential Regulation Authority will not appeal the Federal Court's decision to dismiss its case against I…

Fluence (ASX:FLC) successfully raises $36 million to underpin growth

18 Oct 2019 - Wastewater management company Fluence (ASX:FLC) has finished a successful capital raise of $36 million at a price per share of $0.44 from sophisticated and profession…

Sydney Airport (ASX:SYD) traffic rises in September

18 Oct 2019 - Sydney Airport (ASX:SYD) traffic rose 1.4 per cent to 3.65 million in September, with year-to-date traffic down 0.1 per cent to 32.8 million.

St Barbara’s (ASX:SBM) FY20 gold production guidance dips

18 Oct 2019 - Gold miner St Barbara (ASX:SBM) has lowered its financial year 20 production guidance for its Western Australian Gwalia mine.

Seven West (ASX:SWM) and Prime to merge

18 Oct 2019 - Seven West Media (ASX:SWM) has announced plans to merge with regional affiliate Prime Media and to sell Western Australia radio business Red Wave to Southern Cross Au…

Tassal (ASX:TGR) receives major approvals for stage 3 expansion of Proserpine prawn farm

18 October 2019 - Tassal Group (ASX:TGR) has received the green light from the Whitsunday regional Council and Queensland State Government for the Company’s Stage 3 expansion plans…

Wall Street rises on earnings and Brexit news: Aus shares to defy leads and open lower

18 Oct 2019 - The local sharemarket is set to dip at the open despite positive earnings results on Wall street and news about a Brexit deal. In the US stocks rose on Thursday after…

Qantas helps local shares push to flat: Aus shares 0.1% higher at noon

15 Oct 2019 - The Australian share market opened lower this morning following leads from the US but has gained some momentum and is now edging into positive territory in the second…

Southern Cross (ASX:SXL) shares plummet on latest trading update

15 Oct 2019 - Southern Cross Media (ASX:SXL) shares have fallen sharply on the back of the company’s latest trading update.

EBOS Group (ASX:EBO) announces $34m acquisition of LMT and National Surgical

15 Oct 2019 - Medical marketer and wholesaler EBOS (ASX:EBO) has entered into the medical device market with the $34 million acquisition of LMT and National Surgical businesses.

NAB (ASX:NAB) appoints Kathryn Fagg to the Board

15 Oct 2019 - NAB (ASX:NAB) has announced the appointment of Ms Kathryn Fagg as a non-executive director effective from 16 December 2019.

IMF Bentham (ASX:IMF) announces acquisition of Omni Bridgeway, $139m capital raising

15 Oct 2019 - IMF Bentham (ASX:IMF) will finance its proposed $141 million acquisition of European litigation funder Omni Bridgeway via a capital raising.

Nine (ASX:NEC) announces compulsory acquisition of shares in Macquarie Media

15 Oct 2019 - Nine Entertainment (ASX:NEC) has announced it now holds a stake of 98.64 per cent in Macquarie Media following the closure of its offer period at 7.00pm yesterday.

Newcrest (ASX:NCM) board gives first stage of Cadia the green light

15 Oct 2019 - Newcrest Mining (ASX:NCM) has announced the board has approved the first stage of an expansion project at its Cadia gold mine in NSW.

Wall St slips on US-China trade deal doubts: Aus shares to follow lower

15 Oct 2019 - The local sharemearket is set to open lower after Wall Street slipped on new concerns around a US-China trade agreement. Australia’s largest airline, Qantas (ASX:QAN)…

ANZ (ASX:ANZ) flags $559 million blow to profits

08 Oct 2019 - ANZ (ASX:ANZ) will take a $559 million hit to its second half 2019 Cash Profit as a result of increased provisions for customer related remediation.

SeaLink (ASX:SLK) to acquire Transit Systems for $635m

08 Oct 2019 - SeaLink Travel Group (ASX:SLK) is set to purchase Transit Systems for $635 million in a move to turn the company into one of Australia’s leading multi-modal transport…

Santos reports (ASX:STO) strong Caley reservoir flow

08 Oct 2019 - Oil and gas giant Santos (ASX:STO) has announced that the initial flow test of the Caley reservoir in Western Australia has confirmed the main oil pool in the field i…

City Chic’s (ASX:CCX) acquisition of US e-commerce business receives green light

08 Oct 2019 - City Chic’s (ASX:CCX) US$16.5m acquisition of the e-commerce assets of American clothing chain Avenue has been given the green light from the US Bankruptcy Court.

Mercury’s (ASX:MCY) CEO to join Fonterra executive team in 2020

08 Oct 2019 - Mercury’s (ASX:MCY) Chief Executive, Fraser Whineray, has announced that he will leave the company in 2020 after more than 11 years’ service, including the last five …

Synlait (ASX:SM1) CFO to step down next year

08 Oct 2019 - Synlait (ASX:SM1) has today announced that CFO Nigel Greenwood will step down next year. Nigel has been Synlait’s CFO since April 2010.