Finance News Network

News by David Chau

David Chau

Finance News Network

Indoor Skydive to open second Sydney skydiving centre

16 Nov 2016 - Indoor Skydive Australia Group Ltd (ASX:IDZ) will open its second Sydney indoor skydiving centre at the Entertainment Quarter, Moore Park.

Independence Group enters JV with Sheffield Resources

16 Nov 2016 - Independence Group (ASX:IGO) and Sheffield Resources (ASX:SFX) form a joint venture to explore Fraser Range tenements in Western Australia.

Genesis Energy acquires NZOG’s 15% stake in Kupe JV

16 Nov 2016 - Genesis Energy (ASX:GNE) acquires New Zealand Oil & Gas’ 15% share of the Kupe Joint Venture for $168 million.

MACA wins WA road maintenance contract

16 Nov 2016 - MACA Ltd (ASX:MLD) awarded road maintenance contract by Main Roads Western Australia in Kimberley region.

Woolworths’ Big W chain loses CEO after 11 months

16 Nov 2016 - Woolworths (ASX:WOW) announces resignation of Big W CEO, Sally Macdonald, who joined the business in January 2016.

Wednesday: ASX set for higher opening

16 Nov 2016 - Wednesday: ASX set for higher opening. Aspen Group Ltd (ASX:APZ) exchanges contracts to purchase the BIG4 Koala Shores Holiday Park for $10.2 million.

Tuesday tumble: Aus shares 0.5% lower at noon

15 Nov 2016 - Tuesday tumble: Aus shares 0.5% lower at noon. Sydney Airport (ASX:SYD) appoints CFO, Hugh Wehby, as its new Chief Operating Officer.

Navitas enrolments grow in AUS and US, but falls in UK

15 Nov 2016 - Navitas (ASX:NVT) reports 2% underlying growth in student enrolments during the third semester of 2016.

Austal delivers second high speed vessel in 2016

15 Nov 2016 - Global defence contractor, Austal Ltd (ASX:ASB), has delivered its second high speed crew transfer vessel this year – a 57.5 metre, aluminium catamaran constructed i…

Woodside Petroleum completes Scarborough acquisition

15 Nov 2016 - Woodside Petroleum (ASX:WPL) completes acquisition of half of BHP Billiton’s (ASX:BHP) stake in the Scarborough area gas fields, Western Australia.

Mesoblast 1Q17 gross profit falls 74%

15 Nov 2016 - Mesoblast Ltd (ASX:MSB) reports loss before tax of $22.9 million in 1Q17 – a 74% decline in profit.

Ruralco net profit falls 70% from restructuring and divestments

15 Nov 2016 - Ruralco Holdings Ltd (ASX:RHL) announces FY16 results – with revenue increasing 10%, and reported NPAT falling 70% compared with PCP.

Folkestone enters JV to develop Green Square hotel

15 Nov 2016 - Folkestone Ltd (ASX:FLK) entered into 50/50 joint venture with Furnished Property to develop a 142 room hotel at Green Square, Sydney.

Tuesday Outlook: Aus shares to open lower

15 Nov 2016 - Tuesday Outlook: Aus shares to open lower. Bega Cheese Ltd (ASX:BGA) appoints Paul van Heerwaarden as its new Chief Executive Officer.

Monday falls: Aus shares 0.66% lower at noon

14 Nov 2016 - Aus shares 0.66% lower at noon. St Barbara Limited (ASX:SBM) completes strategic review of its Simberi assets in Papua New Guinea.

Mitula Group forecasts $38M to $41M EBITDA for FY17

10 Nov 2016 - Mitula Group (ASX:MUA) announces FY17 guidance – full-year revenue of $38M - $41M, and EBITDA of $17 - $19M.

LatAm Autos signs co-marketing deal with eBay Mexico

10 Nov 2016 - LatAm Autos Ltd (ASX:LAA) signs co-marketing agreement with eBay Mexico to release a new digital auto-classifieds product in Mexico.

Medlab now has licence to import cannabis

10 Nov 2016 - Medlab Clinical Ltd (ASX:MDC) granted licence to import cannabis by the Department of Health and Therapeutic Goods Administration.

GDI sells Adelaide CBD property for $125.1M

10 Nov 2016 - GDI Property Group (ASX:GDI) exchanges contracts to sell a commercial property at 25 Grenfell Street, Adelaide for $125.1 million.

Z Energy half-year earnings rise 43%

10 Nov 2016 - Z Energy Ltd (ASX:ZEL) reports that its half-yearly replacement cost operating EBDITA rose 43%, and lifts earnings guidance to $385M to $415M.

CoverMore expands partnership with Berkshire Hathaway

10 Nov 2016 - Cover-More Group Ltd (AX:CVO) enters strategic underwriting relationship with the Australian branch of the Berkshire Hathaway Specialty Insurance Company.

Trump surprises the world: ASX to surge on open

10 Nov 2016 - Trump surprises the world: ASX to surge on open. Dexus Property Group (ASX:DXS) exchanges contracts to acquire a property in Sydney, 'The Mill’, for $110.2 million.

Avita trials diabetic foot ulcer treatment in UK

09 Nov 2016 - Avita Medical (ASX:AVH) announces its ReGenerCell device is now being trialled at two more London hospitals.

Rio Tinto suspends senior executive over US$10.5M payment

09 Nov 2016 - Rio Tinto (ASX:RIO) suspends Alan Davies, one of its top executives over US$10.5 million in payments made to a "consultant" for "advisory services" in Africa.

SmartTrans opens online Chinese marketplace on ‘WeChat’

09 Nov 2016 - SmartTrans Holdings Ltd (ASX:SMA) is planning to open up a new online marketplace on popular chatting app, 'Wechat', for Australian merchants to sell their products i…

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