Finance News Network

News by David Chau

David Chau

Finance News Network

Tabcorp merges with Tatts

19 Oct 2016 - Tabcorp (ASX:TAH) and Tatts Group (ASX:TTS) will merge to create a diversified portfolio of gambling businesses.

Cimic announces new CEO and increased profit

19 Oct 2016 - Cimic Group (ASX:CIM) appoints Aldolfo Valderas as its new CEO.

Global equities surge: Aus shares to follow

19 Oct 2016 - Global equities surge: Aus shares to follow. GDI Property Group (ASX:GDI) exchanges contracts to sell its building at 80 George St, Parramatta, for $51.9 million.

Oil Search’s production ramps up in Sep quarter

18 Oct 2016 - Oil Search’s (ASX:OSH) total revenue rose by 16% to $309.5 million in the September quarter.

SomnoMed announces record September sales

18 Oct 2016 - SomnoMed Ltd (ASX:SOM) achieved record September 2016 sales, which were 23.8% higher compared to the same period last year.

Chorus continues free internet installations in NZ

18 Oct 2016 - Chorus Ltd (ASX:CNU) enters conditional agreement with Crown Fibre Holdings for the continuation of free connections to New Zealand’s Ultra Fast Broadband network.

TerraCom signs 5.5 year Mongolian offtake coal deal

18 Oct 2016 - TerraCom Ltd (ASX:TER) signs binding term sheet for a 5.5 year offtake in regards to hard coking coal, produced from the BNU Coal Mine in Mongolia.

Challenger’s annuity sales surge 208% in Sep quarter

18 Oct 2016 - Challenger Ltd (ASX:CGF) announces its September quarter annuity sales rose 46% to $1.03B (including record lifetime annuity sales, which surged by 208%).

Caltex confirms interest in buying Woolworths petrol

18 Oct 2016 - Caltex Australia Ltd (ASX:CTX) confirms it has made a conditional and confidential proposal to purchase Woolworths’ petrol business.

The Fed’s mixed signals; oil declines: ASX to open flat

18 Oct 2016 - The Fed's mixed signals; oil declines: ASX to open flat. Navitas Ltd (ASX:NVT) extends contracts with Curtin University for one year.

Link’s bid to acquire Pillar scrutinised by ACCC

13 Oct 2016 - The ACCC is concerned about Link Administration Holdings Ltd’s (ASX:LNK) potential acquisition of Pillar.

Cue enters exploration permit deal with BP

13 Oct 2016 - Cue Energy Resources Ltd (ASX:CUE) enters deal with BP Developments Australia Pty Ltd in regards to North West Shelf exploration permits.

OZ Minerals launches $3M scoping study

13 Oct 2016 - OZ Minerals (ASX:OZL) and Cassini Resources (ASX:CZI) have launched a $3 million scoping study of the West Musgrave copper and nickel deposits in Western Australia.

Metro Mining signs bauxite deal with Xinfa Group

13 Oct 2016 - Metro Mining Ltd (ASX:MMI) signs binding bauxite off-take agreement with Chinese aluminium company, Xinfa Group.

Transurban reports 12.3% growth in toll revenue

13 Oct 2016 - Transurban (ASX:TCL) announces traffic growth on its roads grew 4.9% in September 2016.

Kina Securities to administer largest PNG super fund

13 Oct 2016 - Kina Securities (ASX:KSL) to provide funds administration services to the National Superannuation Fund of Papua New Guinea.

’’Close call’’ for US rate rise: ASX to open lower

13 Oct 2016 - "Close call" for US rate rise: ASX to open lower. Sigma Pharmaceuticals Ltd (ASX:SIP) appoints Iona MacPherson as its new Chief Financial Officer.

OBJ obtains two US microarray patents

12 Oct 2016 - Perth-based medical tech company, OBJ Ltd (ASX:OBJ), obtains two patents in the US for its magnetic microarray technology.

Sandfire Resources enters exploration agreement in WA

12 Oct 2016 - Sandfire Resources NL (ASX:SFR) enters exploration agreement with Enterprise Metals (ASX:ENT) in relation to the Doolgunna Project in Western Australia.

Terracom looking to build solar power station in QLD

12 Oct 2016 - Terracom Ltd (ASX:TER) is currently investigating the construction of a 60Mw solar power station at the Blair Athol Mine, QLD.

Lucapa achieves record quarterly production

12 Oct 2016 - Lucapa Diamond Company Ltd (ASX:LOM) announces that it achieved record diamond production in the September quarter.

MacMahon Holdings terminates Nigeria contract

12 Oct 2016 - MacMahon Holdings Ltd (ASX:MAH) terminats contract for quarrying at Calabar in Nigeria.

Praemium announces record inflows

12 Oct 2016 - Praemium Ltd (ASX:PPS) reports inflows of $494 million for the September quarter - its "highest inflows” on record.

Wall Street falls sharply: ASX to open lower

12 Oct 2016 - Wall Street falls sharply: ASX to open lower. Cimic Group Ltd (ASX:CIM) has signed a deal with Main Roads Western Australia, known as the ‘Roe 8 project’, worth $330 …

Medibio partners with HBF for ‘Mental Health Check-in’

11 Oct 2016 - Medibio Ltd (ASX:MEB) signs up to mental health campaign, which it hopes will build awareness for its yet-to-be launched workplace diagnostic stress product.

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