Finance News Network

News by David Chau

David Chau

Finance News Network

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Virtus Health acquires fertility clinic in Denmark

01 Dec 2016 - Virtus Health (ASX:VRT) acquires Aagaard Fertility Clinic for a maximum of $16.5 million.

Downer EDI wins $1.7B contract to build Sydney’s new trains

01 Dec 2016 - The NSW government awards $1.7 billion contract to Downer EDI (ASX:DOW) to deliver the next generation of Sydney trains.

Spark New Zealand buys remaining 50% of Connect 8

01 Dec 2016 - Spark New Zealand Ltd (ASX:SPK) to acquire the remaining 50% of Connect 8 from Vocus Communications.

OPEC agrees to cut oil production: ASX to open higher

01 Dec 2016 - OPEC agrees to cut oil production: ASX to open higher. APN Property Group (ASX:APD) appoints Tim Slattery as its new Chief Executive Officer.

Vitaco scheme of arrangement headed to Federal Court

01 Dec 2016 - Vitaco Holdings (ASX:VIT) scheme of arrangement approved by shareholders and scheduled for Federal Court hearing on 6 December 2016.

Redbubble’s makes sales of $6.4M in four days

01 Dec 2016 - Redbubble Ltd (ASX:RBL) sells $6.4 million worth of goods during the four-day American Thanksgiving long weekend.

Collins Foods half-year profit boosted by KFC

30 Nov 2016 - Collins Foods Ltd's (ASX:CKF) half year results reveal a revenue increase of 4.7% to $282.5 million, boosted by the strong performance of its KFC business.

Site Group secures $6M training contract in Saudi Arabia

30 Nov 2016 - Site Group International (ASX:SIT) signs Training Services Agreement in Saudi Arabia worth $6 million.

TFS Corporation faces $7.2M net loss in 1Q17

30 Nov 2016 - TFS Corporation's (ASX:TFC) first-quarter results in FY17 reveal a net loss of $7.2 million.

Aristocrat Leisure profit up 68.7% in FY16

30 Nov 2016 - Aristocrat Leisure's (ASX:ALL) FY16 results reveal normalised NPATA of $398.2 million, a 68.7% increase over last year’s result.

Ardent Leisure re-opens Whitewater World and Dreamworld

30 Nov 2016 - Ardent Leisure (ASX:AAD) announces re-opening Whitewater World and Dreamworld to re-open on 10 December 2016.

SG Fleet acquires Motiva for £12.4M

30 Nov 2016 - SG Fleet Group Ltd (ASX:SGF) acquires UK-based Motiva Group Ltd for £12.4 million (AU$20.7 million).

OPEC oil deal unlikely: Aus shares to still open higher

30 Nov 2016 - OPEC oil deal unlikely: Aus shares to still open higher. Aspen Group Ltd (ASX:APZ) continues to expand with its $6.8 million acquisition of BIG4 Tween Waters Holiday …

Metals X spins off gold assets

29 Nov 2016 - Metals X (ASX:MLX) shares fall almost 60% since the start of trade this morning, following the spin-off of the company’s gold assets.

ACCC blocks big banks’ collective bargain with Apple

29 Nov 2016 - Australian Competition and Consumer Commission (ACCC) rejects bid by CBA, Westpac, NAB and Bendigo and Adelaide Bank to collectively bargain with tech giant, Apple.

Tower’s FY16 statutory loss affected by NZ earthquakes

29 Nov 2016 - Tower Ltd (ASX:TWR) reports full year FY16 statutory loss of $21.5M due to IT impairments and further Canterbury earthquake provisions.

Vocus FY17 guidance reveals $105M below the line expenses

29 Nov 2016 - Vocus Communications Ltd (ASX:VOC) provides FY17 guidance, including underlying EBITDA between 430M to $450M, and $105M in below the line expenses.

Trilogy’s revenue surges 63% on strong Aus sales

29 Nov 2016 - Trilogy International Ltd (ASX:TIL) reported its revenue surged by 63% to $47.8 million in its first half results ending 30 September 2016.

Suncorp partners with nib to offer health insurance

29 Nov 2016 - Suncorp (ASX:SUN) and nib (ASX:NHF) expand partnership to launch a new range of private health insurance products.

Post-US election rally falters: flat opening for ASX

29 Nov 2016 - Post-US election rally falters: flat opening for ASX. Broo Ltd (ASX:BEE) signs distribution deal in China, and share price surges by 19.4%.

AFT Pharmaceuticals posts $8.4M loss from R&D spending

24 Nov 2016 - AFT Pharmaceuticals (ASX:AFP) reports $8.4 million loss in half-year unaudited results for the period ended 30 September 2016.

Gentrack reports 25% revenue boost

24 Nov 2016 - Gentrack (ASX:GTK) reports its revenue increased by 25% to $52.7 million in full year results ended 30 September 2016.

Qube acquisition of AAT unopposed by ACCC

24 Nov 2016 - ACCC announces it will not oppose Qube Holdings’ (ASX:QUB) acquisition of the remaining 50% of Australian Amalgamated Terminals Pty Ltd.

Global Construction Services awarded works on Ritz-Carlton, Perth

24 Nov 2016 - Global Construction Services Ltd (ASX:GCS) awarded $59 million contract for the new Ritz-Carlton Hotel at Elizabeth Quay, Perth.

Orocobre partners with Advantage Lithium

24 Nov 2016 - Orocobre Ltd (ASX:ORE) announces it will divest a number of its lithium brine projects to Canada-based Advantage Lithium Corp.