Finance News Network

News by David Chau

David Chau

Finance News Network

ASX to plunge - following Wall St’s worst day in 2017

22 Mar 2017 - ASX to plunge - following Wall St’s worst day in 2017. Worleyparsons (ASX:WOR) has been awarded a contract to provide project management consulting services to Jordan…

Tuesday tumble: ASX tracking 0.2% lower at noon

21 Mar 2017 - Tuesday tumble: ASX tracking 0.2% lower at noon. Spotless Group (ASX:SPO) urges its shareholders to take no action on Downer EDI's $1.26 billion takeover offer.

New Hope’s profit skyrockets 2,410% to $68.4M

21 Mar 2017 - New Hope Corporation's (ASX:NHC) net profit surges 2,410% to $68.4 million, driven by improving coal prices.

TPG profit lifts 11% to $224M in 1H17

21 Mar 2017 - TPG Telecom (ASX:TPM) net profit rises 11%, and EBITDA lifts 8% in 1H17.

Kathmandu sales rise 0.2% – strong in AUS, but weaker in UK

21 Mar 2017 - Kathmandu Holdings' (ASX:KMD) net profit rose 6.4% to NZ$10M in 1H17, boosted by its Australian and New Zealand stores.

Premier Investments profit rises 0.6% in 1H17

21 Mar 2017 - Premier Investments Ltd (ASX:PMV) releases 1H17 results and Smiggle is its star performing brand.

SEEK pays $118.5M to boost its ownership of OES

21 Mar 2017 - SEEK Ltd (ASX:SEK) signs deal to invest $118.5 million in Online Education Services – boosting its stake from 50% to 80%.

Carnegie to develop solar power station with Lendlease

21 Mar 2017 - Carnegie Clean Energy Ltd (ASX:CCE) is developing a 10 MW solar power station with Lendlease in Northam, Western Australia.

Mixed leads overseas: Australian shares to open lower

21 Mar 2017 - Mixed leads overseas: Australian shares to open lower. ACCC grants interim approval for Virgin Australia Holdings’ (ASX:VAH) proposed alliance with HNA Aviation, Hong…

Coca-Cola Amatil (ASX:CCL) talks FY16 results and strategy

17 Mar 2017 - Coca-Cola Amatil (ASX:CCL) Managing Director, Alison Watkins, discusses FY16 results, capital management and outlook.

Queensland Bauxite confident about medical cannabis investment

16 Mar 2017 - Queensland Bauxite (ASX:QBL) owns a 55% stake in Medical Cannabis Ltd, which has obtained licences to cultivate cannabis for commercial production.

Altona Mining receives Chinese approvals for Cloncurry Project

16 Mar 2017 - Altona Mining (ASX:AOH) says its Cloncurry copper project in northwest Queensland has received all relevant approvals from Chinese authorities in order to proceed.

Noxopharm teams up with UNSW to create brain injury drug

16 Mar 2017 - Noxopharm (ASX:NOX) enters research agreement with the University of New South Wales to create a brain injury treatment.

ACCC raises doubts about Caltex’s acquisition plans

16 Mar 2017 - ACCC releases Statement of Issues outlining its concerns about Caltex Australia’s (ASX:CTX) proposed acquisition of 46 service stations from Milemaker Petroleum.

Myer signs up to Afterpay’s payment platform

16 Mar 2017 - Myer Holdings (ASX:MYR) enters two-year contract with retail payment platform provider, Afterpay Holdings Ltd (ASX:AFY).

Emeco creditors’ scheme approved by Federal Court

16 Mar 2017 - Federal Court approves the Scheme of Arrangement giving effect to the recapitalisation of Emeco Holdings Ltd (ASX:EHL), and its merger with Andy's Earthmovers and Ori…

US Fed lifts interest rates by 0.25%: ASX to open higher

16 Mar 2017 - US Fed lifts interest rates by 0.25%: ASX to open higher. Westpac (ASX:WBC) and ANZ Bank (ASX:ANZ) enter into enforceable undertakings with ASIC, following industry-w…

Stockland (ASX:SGP) talks 1H FY17 results

15 Mar 2017 - Stockland (ASX:SGP) Managing Director, Mark Steinert, discusses 1H FY17 results and outlook.

Big Un acquires BHA Media

15 Mar 2017 - Big Un Ltd (ASX:BIG) signs Share Purchase Agreement to acquire BHA Media Pty Ltd, the beauty, hair and aesthetics subsidiary of the Intermedia Group.

UltraCharge signs MOU with Leclanché

15 Mar 2017 - UltraCharge Ltd (ASX:UTR) signs Memorandum of Understanding with Leclanché SA, one of the world’s largest battery energy storage suppliers.

Po Valley Energy’s subsidiary extends offtake deal with Shell

15 Mar 2017 - A subsidiary of Australian gas producer, Po Valley Energy (ASX:PVE), has extended its a natural gas offtake agreement with Shell Energy Italia.

Intra Energy hands over coal tenement to African company

15 Mar 2017 - Intra Energy Corporation (ASX:IEC), enters deal with Tanzanian government, requiring the company to hand over coal tenements – apparently with no payment finalised ye…