Finance News Network

News by Anna Napoli

Anna Napoli

Finance News Network

Zip (ASX:Z1P) positioned to accelerate global growth

12 Jun 2020 - Digital finance company Zip (ASX:Z1P) has seen May's monthly revenue surge by 78 per cent year on year to $15.6 million.

TPG Telecom (ASX:TPM) to pay special dividend if Vodafone merger approved by shareholders

12 Jun 2020 - TPG Telecom (ASX:TPM) will pay a special dividend of between 49 cents and 52 cents a share if its merger with Vodafone Hutchison Australia is approved by shareholders…

Incitec Pivot (ASX:IPL) raises over $57 million via share purchase plan

12 Jun 2020 - Fertilliser and explosives supplier Incitec Pivot (ASX:IPL) has completed its share purchase plan. The plan has raised about A$57.5 million from retail investors.

US sharemarkets suffer worst day since March, Dow slumps 6.9%: Aus shares to plunge

12 Jun 2020 - The Australian sharemarket looks to open lower following a big sell off in the US. Shares suffered their worst day since March and stocks that have surged recently on…

Cyclopharm (ASX:CYC) US FDA progress for Technegas

03 Jun 2020 - Cyclopharm (ASX:CYC) Managing Director and CEO James McBrayer provides an update on US FDA progress with Technegas, approval in Russia and potential use of Technegas …

Fortescue reaches new record on the back of iron ore price surge, Aussie dollar pops: Aus shares finish 1.1% higher

01 Jun 2020 - The local sharemarket started the new month with a 1.1 per cent rally to finish at 5819 as iron ore miners pushed higher and banks bounced back from a weak start.

Aussie shares reverse early dip, big 4 push higher, iron surges boosting miners Aus shares 0.7% higher at noon

01 Jun 2020 - The Australian sharemarket has reversed an early dip the beginning of the trading week as the big four bank stocks push higher, while property stocks are taking a hit…

Mesoblast's REMESTEMCEL-L "significantly improved outcomes" in patients with inflammatory lung disease and COVID-19

01 Jun 2020 - Mesoblast (ASX:MSB) says its lead mesenchymal stem cell (MSC) product candidate remestemce-L treatment showed significantly improved outcomes for patients with chroni…

Iress raising $170m to fund $107m acquisition of OneVue

01 Jun 2020 - Financial software provider Iress (ASX:IRE) is going cap in hand to investors to raise $170 million to fund the $107 million takeover of OneVue.

Vicinity Centres (ASX:VCX) launches $1.4b raising, $2.1bn hit to mall valuations; distribution shelved

01 Jun 2020 - Shopping Centre owner, Vicinity (ASX:VCX) has launched a $1.4 billion capital raising as the company revealed a valuation hit of up to $2.1 billion on its assets.

Monadelphous (ASX:MND) secures $150m worth of new contracts

01 Jun 2020 - Engineering company Monadelphous Group (ASX:MND) has secured a number of new construction and maintenance contracts worth a combined $150 million.

Wall Street ends mixed: Aus shares to open lower ahead of a big week for economic data

01 Jun 2020 - The Australian sharemarket looks set to open lower following a mixed result in the US on Friday. Wall Street ended a volatile session with the Nasdaq and the S&P500 m…

Aussie market kicks off the week on a high: Travel sector pushes higher on hopes of further government support

25 May 2020 - The Aussie market got off to a strong start to the new week. Travel shares surged after the Treasurer said further industry support is possible. Afterpay (ASX:APT) sh…

Aus shares open firmly higher despite simmering global tensions: UBS remains bearish on Afterpay (ASX:APT)

25 May 2020 - The Australian sharemarket has opened the week firmly higher, extending its rebound and is trading at an 11 week high. The stellar start comes as geopolitical tension…

Ramsay (ASX:RHC) completes $300m share purchase plan

25 May 2020 - Ramsay Health Care has completed its $300 million share purchase plan (SPP) and will issue 5.37 million new shares.

Sandfire (ASX:SFR) to restart drilling in Botswana

25 May 2020 - Sandfire Resources (ASX:SFR) is set to resume exploration activity in Botswana by early June after the government announced a phased ending of COVID-19 restrictions.

Nine Entertainment (ASX:NEC) to sell NZ publishing business Stuff in $1 management buyout

25 May 2020 - Nine Entertainment (ASX:NEC) has entered into a share sale agreement with respect to its New Zealand business Stuff, as a management buy-out by its current CEO, Sinea…

Estia (ASX:EHE) says occupancy falls, costs expected to rise on the back of covid-19

25 May 2020 - Aged care operator Estia Health (ASX:EHE) says disruptions caused by COVID-19 has led to a fall in occupancy levels which will lead to higher ongoing costs.

US stocks finish mixed on Friday, but Dow posts best weekly performance since April 9: Aus shares to open higher

25 May 2020 - US stocks closed mixed on Friday as US-China tensions dominated. The US Commerce Department said it was adding 33 Chinese companies and other institutions to an econo…

Ingenia Communities Group (ASX:INA) 1H20 results & outlook

27 Feb 2020 - Ingenia Communities Group Limited (ASX:INA) CFO, Scott Noble, discusses 1H20 results, the company's portfolio and the demand for seniors accommodation.

Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus

19 Feb 2020 - Wistech Global (ASX:WTC) has reported net profit (NPATA) of $33.5 milion for 1HFY20 a rise of 22 per cent on the same time last year.

Stockland (ASX:SGP) maintains FFO guidance

19 Feb 2020 - Stockland (ASX:SGP) has announced statutory profit rose 68.1 per cent to $504 million for the first half of 2020 when compared to the year earlier period. The rise co…

Fortescue (ASX:FMG) delivers record first half revenue

19 Feb 2020 - Fortescue (ASX:FMG) has reported record first half revenue of US$6.5 billion for the first half of 2020.

Crown (ASX:CWN) results hit by downturn in VIP players and coronavirus

19 Feb 2020 - Crown Resorts (ASX:CWN) has reported its normalised net profit has dipped 11 per cent to $172.7 million for the first half of 2020 when compared to the same time last…

Apple sales warning weighs on Wall Street: Aus shares set for flat start

19 Feb 2020 - The local sharemarket is set for a flat start in early trading following a mixed session on Wall Street yesterday. Lottery company Tabcorp (ASX:TAH) has announced gro…

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