Finance News Network

News by David Chau

David Chau

Finance News Network

Post-Christmas rally: Aus shares up 1% at noon

28 Dec 2016 - Post-Christmas rally: Aus shares up 1% at noon. Decmil Australia Pty Ltd, a subsidiary of Decmil Group Ltd (ASX:DCG), secures contract worth $50 million from a subsid…

RCR Tomlinson awarded $155M contract for QLD solar farm

28 Dec 2016 - RCR Tomlinson (ASX:RCR) has been awarded a contract worth over $155 million to build a solar farm in Townsville, Queensland.

Apiam acquires sheep and goat reproduction business

28 Dec 2016 - Apiam Animal Health (ASX:AHX) enters agreement to purchase AllStock (NSW) Pty Ltd for $1.75 million.

Ausdrill awarded contract for Mali gold mine

28 Dec 2016 - Ausdrill Ltd (ASX:ASL), through its subsidiary African Mining Services, has been awarded a contract to provide mining services at the Yanfolila gold mine in Mali.

Redflex signs non-prosecution deal with US government

28 Dec 2016 - US Department of Justice agrees not to proceed with criminal charges against Redflex Traffic Systems Inc, a subsidiary of Redflex Holdings Ltd (ASX:RDF).

Nasdaq posts new record high: ASX to open flat

28 Dec 2016 - Nasdaq posts new record high: ASX to open flat. AFT Pharmaceuticals (ASX:AFP) enters alliance agreement with Italian pharmaceutical company Angelini.

Woolworths to sell petrol stations to BP for $1.8B

28 Dec 2016 - Woolworths Ltd (ASX:WOW) will sell its petrol station network to BP for $1.8 billion, subject to approval from the ACCC.

Slater & Gordon class action complicated by ASIC probe

28 Dec 2016 - The reopening of ASIC's probe into Slater & Gordon's (ASX:SGH) financial documents may require Maurice Blackburn to broaden the class action against its rival law fir…

Seven West Media continues to back CEO in light of scandal

22 Dec 2016 - Seven West Media (ASX:SWM) confirms continued support for CEO, Tim Worner, after news of his extra-marital affair with former executive assistant, Amber Harrison.

Generation Healthcare sells Bendigo building for $11.35M

22 Dec 2016 - Generation Healthcare REIT (ASX:GHC) enters unconditional contract to sell Leading Healthcare building in Bendigo for $11.35 million.

Caltex buys Gull New Zealand for $325M

22 Dec 2016 - Caltex Australia Ltd (ASX:CTX) enters deal to purchase independent fuel company, Gull New Zealand, for $325 million.

PMP merger causes concerns for ACCC

22 Dec 2016 - ACCC releases Statement of Issues, expressing initial concerns about the proposed merger between PMP Ltd (ASX:PMP) and IPMG.

Dow Jones fails to hit 20,000: Aus shares to open lower

22 Dec 2016 - Origin Energy Ltd (ASX:ORG) signs Sale and Purchase Agreement to deliver 280,000 tonnes of liquefied natural gas to China.

Downer EDI awarded new NBN contract

22 Dec 2016 - NBN Co Ltd enters additional contract with Downer EDI Ltd (ASX:DOW) for the roll-out of the National Broadband Network.

Bellamy’s extends voluntary suspension until 2017

22 Dec 2016 - Bellamy’s Australia Ltd (ASX:BAL) extends voluntary suspension until 13 January 2017 to assess impact of falling Chinese sales on its business.

Slater & Gordon accounts being investigated by ASIC

21 Dec 2016 - ASIC is investigating Slater & Gordon (ASX:SGH) to determine whether its financial records, between December 2014 and September 2015, were deliberately falsified or…

Cabcharge sells private bus JV for $186M

21 Dec 2016 - Cabcharge Australia Ltd (ASX:CAB) to sell its 49% stake in a private bus joint venture (ComfortDelGro Cabcharge Pty Ltd) for $186 million.

Touchcorp announces its ‘likely’ financial results

21 Dec 2016 - Touchcorp Ltd (ASX:TCH) announces its ‘likely’ financial results and is still looking for its next CEO.

Rio Tinto’s rival in Simandou project arrested

21 Dec 2016 - Senior executives from BSG Resources arrested over alleged Simandou bribes, one week after sending letter to Rio Tinto (ASX:RIO) regarding threatened litigation.

Dow Jones almost at 20,000 points: ASX to open higher

21 Dec 2016 - Dow Jones almost at 20,000 points: ASX to open higher. Santos (ASX:STO) agrees to sell its 50% stake in the Mereenie Oil And Gas Field to a subsidiary of Macquarie Gr…

Aspen Group acquires NSW holiday park for $13.3M

21 Dec 2016 - Aspen Group Ltd (ASX:APZ) acquires the Barlings Beach Holiday Park, NSW, for $13.3 million.

REA Group sells European businesses for $189.7M

21 Dec 2016 - REA Group Ltd (ASX:REA) enters contract to sell its European businesses to Oakley Capital Private Equity for $189.7 million.

Birimian enters MOU with Chinese lithium company

20 Dec 2016 - Birimian Ltd (ASX:BGS) signs Memorandum of Understanding with large Chinese lithium battery manufacturer.

Bank of Queensland acquires premium funding business for $20M

20 Dec 2016 - Bank of Queensland (ASX:BOQ) acquires Centrepoint Alliance Ltd’s (ASX:CAF) Premium Funding business for $20 million.

Berkeley Energia to begin Salamanca construction in 2017

20 Dec 2016 - Berkeley Energia (ASX:BKY) will start full construction of its Salamanca uranium project in early 2017, following a US$30 million equity raising.

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