Finance News Network

News by David Chau

David Chau

Finance News Network

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CSL boosts FY17 profit forecast

19 Jan 2017 - CSL Ltd (ASX:CSL) has today upgraded its FY17 net profit forecast to 18% -20%.

Carsales.com appoints new CEO & Managing Director

19 Jan 2017 - Greg Roebuck, co-founder of carsales.com Ltd (ASX:CAR), announces retirement and will be replaced as CEO and Managing Director by Cameron McIntyre.

Bega Cheese acquires Vegemite

19 Jan 2017 - Bega Cheese Ltd (ASX:BGA) agrees to acquire Vegemite and various KRAFT branded products from US-based Mondelez International at a price of $460 million.

Yellen talks US economy: ASX to open flat

19 Jan 2017 - Yellen talks US economy: ASX to open flat. MaxiTRANS Industries (ASX:MXI) announces its managing director, Michael Brokhoff, will retire from the company.

Cash Converters appoints new CEO and Executive Deputy Chairman

19 Jan 2017 - Cash Converters International Ltd (ASX:CCV) appoints new CEO and Executive Deputy Chairman.

National Storage REIT expands presence in Wellington

19 Jan 2017 - National Storage REIT (ASX:NSR) expanding presence in New Zealand by acquiring its third storage centre in Wellington.

Seafarms gives updates on QLD and NT operations

18 Jan 2017 - Aquaculture company, Seafarms Group Ltd (ASX:SFG), says its overall production of prawns in Queensland rose by around 24% to 1,728 tonnes in 2016.

Pilbara Minerals awards EPC contract for Pilangoora Project

18 Jan 2017 - Pilbara Minerals (ASX:PLS) awards EPC contract for its Pilangoora Lithium-Tantalum Project to RCR Tomlinson (ASX:RCR).

Wesfarmers reports better than expected earnings

18 Jan 2017 - Wesfarmers Ltd (ASX:WES) expects earnings before interest and tax (EBIT) of $135 million - $140 million for the first half of 2017.

Cooper Energy signs AGL contract and appoints Acting CFO

18 Jan 2017 - Cooper Energy (ASX:COE) signed expansion to existing gas sales agreement with AGL Energy (ASX:AGL) and appoints Acting CFO.

UK heading for Hard Brexit: ASX to open lower

18 Jan 2017 - UK heading for Hard Brexit: ASX to open lower. Base Resources (ASX:BSE) plans to start exploratory drilling in Tanzania during the first of 2017.

Qantas grounds 10 aircraft over missed inspections

18 Jan 2017 - Qantas Airways (ASX:QAN) temporarily grounds 10 of its Bombardier Q400 aircraft and cancels flights after missing an inspection.

Cromwell Property extends on-market buy-back

18 Jan 2017 - Cromwell Property Group (ASX:CMW) extends on-market buy-back period until January 2018.

RCR Tomlinson awarded $100M in new contracts

17 Jan 2017 - RCR Tomlinson (ASX:RCR) awarded new contracts worth a total of $100 million including the Sydney Northwest Rail Project and Yaloak Wind Farm Project.

Carnegie research projects awarded Scottish government funding

17 Jan 2017 - The government of Scotland awards funding to two wave energy research projects in which Carnegie Clean Energy (ASX:CCE) is a partner.

AirXpanders’ Aeroform used in commercial US procedure

17 Jan 2017 - Medical device company AirXpanders (ASX:AIX) says the first commercial surgical procedure using its Aeroform technology has taken place at a hospital in San Jose, Cal…

Rio Tinto announces fourth-quarter production results

17 Jan 2017 - Rio Tinto (ASX:RIO) releases fourth quarter production results for 2016, revealing record bauxite production.

Navitas renews contract with University of SA

17 Jan 2017 - Navitas (ASX:NVT) renews contract with the University of South Australia for a further nine-year term.

IDP Education acquires Hotcourses for £35 million

17 Jan 2017 - IDP Education Ltd (ASX:IEL) enters contract to acquire Hotcourses Ltd for £30.1 million, plus £4.9 million representing net cash in the business after the transaction…

Global equities retreat: ASX to open lower

17 Jan 2017 - Global equities retreat: ASX to open lower. Woolworths (ASX:WOW) appoints Marcin Firek as its new company secretary.

Mayne Pharma rolls out dermatology products in US

11 Jan 2017 - Mayne Pharma Group Limited (ASX:MYX) begins promoting two dermatology products in the United States, under its specialty franchise brand, Doryx.

GrainCorp breaks harvest records

11 Jan 2017 - GrainCorp Limited (ASX:GNC) achieves near record volumes of grain in New South Wales, Queensland and Victoria.

ANZ to sell UDC Finance for NZ$660 million

11 Jan 2017 - ANZ Bank (ASX:ANZ) enters an agreement to sell its asset finance subsidiary, UDC Finance, for NZ$660 million.

Pushpay increases ACMR by 71%

11 Jan 2017 - Pushpay Holdings Limited (ASX:PPH) announces that its Annualised Committed Monthly Revenue increased by 71% (or US$8.4 million) for the quarter ending 31 December 201…

Mixed performance from Wall Street: ASX to rise at open

11 Jan 2017 - Mixed performance from Wall Street: ASX to rise at open. Cooper Energy (ASX:COE) completes acquisition of the Victorian gas assets of Santos Limited (ASX: STO).