Finance News Network

News by Anna Napoli

Anna Napoli

Finance News Network

REA Group appoints Nick Dowling as Non-Exec Director

09 May 2018 - Leading property group – the REA Group (ASX:REA) has announced the appointment of a new Non-Executive Director to the company, Nick Dowling.

Godfreys backs Arcade’s takeover offer, downgrades guidance

09 May 2018 - The independent Directors of Vacuum retailer Godfreys (ASX:GFY) have recommended shareholders accept Arcade Finance’s takeover offer, in the absence of a better price…

Watpac hits back at media report

09 May 2018 - Construction and mining business, Watpac (ASX:WTP) has hit back at media reports about the company’s takeover offer from its major shareholder BESIX Group.

Incitec Pivot’s Profit & earnings fall 1H18

09 May 2018 - Industrial chemical company, Incitec Pivot (ASX:IPL) has announced its net profit attributable to shareholders was down 95 per cent on first half 17 to $7.6 million f…

CBA’s cash net profit down 2% 3Q18

09 May 2018 - The Commonwealth Bank (ASX:CBA) has announced its cash net profit fell by 2 per cent on a reported basis and dropped by 9 per cent on an underlying basis for the 3rd …

Wall Street volatile as Trump exits Iran nuclear deal: Aus shares to open flat

09 May 2018 - Australian shares are set to open flat today. US share markets closed largely unchanged following a volatile trading session. The three major benchmarks recovered fro…

Baby Bunting announces earnings downgrade

08 May 2018 - Baby goods retailer Baby Bunting (ASX:BBN) has announced an earnings downgrade of $18 to $20 million for the 2018 financial year.

AMP announces resignation of three more Directors

08 May 2018 - AMP (ASX:AMP) has announced the resignation of three non-executive directors from the board.

Nufarm full year profit downgrade

08 May 2018 - Agricultural chemical company Nufarm (ASX:NUF) has announced it expects earnings (EBIT) for the twelve months to July 2018 to be around 5 per cent above the previous …

Newcrest Mining inks deal with ABM Resources

08 May 2018 - Newcrest Mining (ASX:NCM) has entered into a heads of agreement with ABM Resources to work on a project in the Northern Territory.

Eclipx delivers 23% NPAT increase

08 May 2018 - Fleet management company Eclipx Group (ASX:ECX) has announced its net profit was up 23 per cent on first half 17 to $39 million for the first half 2018.

Stockland sells off assets

08 May 2018 - Stockland (ASX:SGP) has announced the sale of two assets from its commercial property portfolio.

Energy sector leads Wall Street: Aus shares to open higher

08 May 2018 - Australian shares are set to rise today following gains on Wall Street. The energy sector, bolstered by the surging oil price led the gains, with Apple lifting the te…

All sectors trading higher: Aus shares 0.5% up at noon

07 May 2018 - The Australian share market kicked off the trading week higher, with the ASX200 gaining for the past three weeks straight. The Commonwealth Bank (ASX:CBA) has announc…

Blue Sky withdraws earnings guidance FY18

07 May 2018 - Blue Sky Alternative Investments Ltd (ASX:BLA), the fund manager which found itself the target of US short-selling firm, Glaucas has withdrawn its earnings guidance f…

Reece announces $1.9B takeover of MORSCO

07 May 2018 - Australia’s largest plumbing and bathroom supply company Reece (ASX:REH) has announced a $1.9 billion takeover of US plumbing business MORSCO Inc.

Adelaide and Bendigo Bank’s $25M funding deal with Wisr

07 May 2018 - Bendigo Bank and Adelaide Bank (ASX:BEN) has announced a $25 million wholesale funding agreement with Australian neo-lender Wisr (ASX:WZR).

Orica’s 2H18 outlook unchanged, stronger EBIT expected

07 May 2018 - Orica (ASX:ORI) has announced its net profit fell by 37 per cent on first half 17 to $124 million for the first half of 2018.

Newcrest commences deposition of tailings at Cadia

07 May 2018 - Newcrest Mining (ASX:NCM) has commenced depositing tailings into the Cadia Hill open pit following completion of the construction work for the pipeline infrastructure…

Westpac’s profit and revenue rise

07 May 2018 - Westpac (ASX:WBC) has announced its net profit was up 7 per cent on first half 17 to $4.19 billion for the first half of 2018.

Apple lifts Wall Street: Aus shares to open higher

07 May 2018 - Australian shares are set to rise today following a rally on Wall Street last Friday. Shares of Apple hit an all-time high to lead the tech sector higher. Yancoal (A…

Rio Chairman addresses fraud and bribery allegations

02 May 2018 - Rio Tinto (ASX:RIO) Chairman Simon Thompson has addressed allegations of accounting fraud and bribery.

Qantas shares jump on 3Q18 results

02 May 2018 - Qantas (ASX:QAN) has announced a 7.5 per cent rise in 3rd quarter revenue to $4.25 billion, compared with the prior corresponding period.

Woolworths 3Q18 sales rise

02 May 2018 - Woolworths (ASX:WOW) has announced its 3rd quarter Australian food sales have grown by 4.7 per cent compared to the same period last year.

JB Hi-Fi downgrades net profit forecast

02 May 2018 - JB Hi-Fi (ASX:JBH) has announced sales growth of 6.8 per cent for the third quarter of the 2018 financial year an increase of over 2 per cent on the same time last ye…

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