Finance News Network

News by David Chau

David Chau

Finance News Network

Ingenia to sell-down DMF portfolio

28 Sep 2016 - Ingenia Communities Group (ASX:INA) announces it will sell-down the majority of its Deferred Management Fee portfolio.

US market rebounds; ASX will open lower

28 Sep 2016 - US market rebounds; ASX will open lower. Seymour Whyte Ltd (ASX:SWL) has been awarded its first VicRoads contract to construct the Young Street Improvement Project in…

Yowie boosts advertising spend by $US1M

27 Sep 2016 - Yowie Group Ltd (ASX:YOW) increasingadvertising investment by US$1 million to build brand awareness in the US market.

Resolute Mining to raise $150M

27 Sep 2016 - Resolute Mining Ltd (ASX:RSG) announces launch of an institutional placement to raise at least $150 million.

Bapcor planning to takeover Hellaby for NZ$322M

27 Sep 2016 - Bapcor Ltd (ASX:BAP) announces its intention to takeover Hellaby Holdings Ltd.

Cover-More acquires Travelex for $138M

27 Sep 2016 - Cover-More Group Ltd (ASX:CVO) enters deal to buy a competing travel insurance company, Travelex Insurance Services Inc, for $138 million.

Flight Centre continues European expansion

27 Sep 2016 - Flight Centre Travel Group (ASX:FLT) continues plans to expand into Europe with acquisitions in Sweden, Denmark, Norway, Finland and Germany.

Rio Tinto launches $3B debt reduction program

27 Sep 2016 - Rio Tinto (ASX:RIO) is taking advantage of its strong liquidity position with the launch of a bond purchase plan for up to $3 billion.

Global equities plummet: Aus shares will follow

27 Sep 2016 - Global equities plummet: Aus shares will follow. Federal Court of Australia approves the scheme of arrangement between OneVue Holdings Ltd (ASX:OVH) and Diversa Ltd (…

Post-Fed rally: Aus shares up 0.75% at lunch

22 Sep 2016 - Aus shares up 0.75% at lunch. Oz Minerals Limited (ASX:OZL) announces withdrawal from its Jamaican exploration joint ventures in Bellas Gate and Rodinia.

Premier Investments boosted by Smiggle & Peter Alexander

22 Sep 2016 - Premier Investments (ASX:PMV) reported its net profit was up 17.9% to $103.9 million.

Vocus acquisition of Nextgen: cleared by ACCC

22 Sep 2016 - ACCC announces it will not oppose Vocus Communications’ (ASX:VOC) $861 million bid to acquire Nextgen Networks.

Brickworks underlying NPAT rises 22.3% to $147.1M

22 Sep 2016 - Building materials company, Brickworks Ltd (ASX:BKW), announces its full-year NPAT rose 22.3% to $147.1 million.

Z Energy re-signs oil procurement contract with Shell

22 Sep 2016 - New Zealand fuel distributor, Z Energy Ltd (ASX:ZEL), signs a new deal with existing supplier, Shell Eastern Trading (Pte) Ltd, to obtain the crude oil that it needs.

Fonterra’s profit surges 65% to NZ$834M

22 Sep 2016 - Fonterra (ASX:FSF), says its full year NPAT surged by 65% to NZ$834 million, despite challenging global dairy market conditions.

ANZ settles Oswal legal dispute

22 Sep 2016 - ANZ Bank (ASX:ANZ) settles long-running court case with Indian billionaires, Pankaj and Radhika Oswal.

Fed & BOJ: rates on hold – ASX to rally this morning

22 Sep 2016 - Fed & BOJ: rates on hold – ASX to rally this morning. Vocus Communications (ASX:VOC) announces resignation of Chief Financial Officer, Rick Correll.

Charter Hall acquires 50% of Coles’ Melbourne HQ for $140.5M

21 Sep 2016 - Charter Hall Group (ASX:CHC) enters deal to acquire a 50% stake in Coles’ Melbourne headquarters.

Metro Mining pays $8.5M for 39% of Gulf’s issued capital

21 Sep 2016 - Metro Mining Ltd (ASX:MMI) enters binding contracts to increase its ownership in Gulf Alumina Ltd for $8.5 million.

Nufarm profit falls 36%

21 Sep 2016 - Nufarm Ltd (ASX:NUF) reports full-year profit was hit by restructuring costs, and the higher cost of doing business in Latin America.

Resolute Mining’s Ravenswood mine-life extended by 13 years

21 Sep 2016 - Resolute Mining Ltd (ASX:RSG) says its Ravenswood gold project has another 13 years of life and will produce 120,000 ounces of gold on average per year.

Kathmandu profit surged 64.2% in FY16

21 Sep 2016 - Kathmandu Holdings Ltd's (ASX:KMD) EBIT increased by 53.3% to $50.9 million and NPAT increased by 64.2% to $33.5 million in FY16.

Fonterra raises Farmgate Milk Price

21 Sep 2016 - Fonterra Co-Operative Group Ltd (ASX:FSF) increases its Farmgate Milk Price to is NZ$5.25 per kgMS.

Has QE run its course?

21 Sep 2016 - After a period of heightened market volatility, Ken Hyman, Tano Pelosi and Mark Kiely from Antares Fixed Income look at what a lower reliance on monetary policy may m…

BOJ & Fed decisions looming: ASX to open flat

21 Sep 2016 - BOJ & Fed decisions looming: ASX to open flat. Charter Hall Group (ASX:CHC) has partnered with MTAA Super to purchase the Campbelltown Mall for $197 million.

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