Finance News Network

News by David Chau

David Chau

Finance News Network

Reign of REITs: ASX closes 0.64% higher

25 Oct 2016 - Reign of REITs: ASX closes 0.64% higher. Bega Cheese (ASX:BGA) announces it has not met sales forecasts from its partnership with Blackmores to sell infant formula in…

Back in black: Aus shares surge 0.68% at noon

25 Oct 2016 - Back in black: Aus shares surge 0.68% at noon. Automotive Holdings Group (ASX:AHG) confirms it has not initiated a formal sale process regarding its Refrigerated Logi…

Aconex forecasts solid growth despite Brexit

25 Oct 2016 - Aconex Ltd (ASX:ACX) reports cash balance of $46.5 million in its September quarter update – despite Brexit uncertainty and slower decision making in the Middle East.

MZI Resources production rises 24% in Sep quarter

25 Oct 2016 - MZI Resources (ASX:MZI) announces it finished the September quarter with $5.1 million in cash, along with undrawn debt and guarantee facilities of $6.9 million.

Southern Cross expects $2M dip in Dec half year profit

25 Oct 2016 - Southern Cross Electrical Engineering Ltd (ASX:SXE) could post a net loss after tax of $2M in the half year ended 31 December 2016, due to slower than expected ramp-u…

Mirvac re-affirms guidance in 1Q17 update

25 Oct 2016 - Mirvac Group (ASX:MGR) has released its first quarter operational update for FY17, and reaffirmed its operating earnings guidance of 14.0 cents to 14.4 cents per stap…

APN acquires remaining 50% of Adshel

25 Oct 2016 - APN News & Media Ltd (ASX:APN) will obtain full ownership of Adshel by acquiring the remaining 50% interest for $268.4 million.

Mercury boasts lower customer churn

25 Oct 2016 - Mercury NZ Ltd (ASX:MCY) announces customer gains reached a four-year high in August, according to its September quarter update.

Tuesday: flat open expected for Aus share market

25 Oct 2016 - Tuesday: flat open expected for Aus share market. Star Entertainment Group's (ASX:SGR) CEO cancels his trip to Hong Kong and Macau, following detention of Crown Resor…

Mundane Monday performance: Aus shares fall 0.4%

24 Oct 2016 - Mundane Monday performance: Aus shares fall 0.4%. Freelancer Ltd (ASX:FLN) announces cash receipts increased 31% YoY, in September quarter cash flow statement.

Downbeat midday: Aus shares down 0.71%

24 Oct 2016 - Downbeat midday: Aus shares down 0.71%. Quickstep Holdings (ASX:QHL) and Futuris Automotive Group are working together to develop a new structure for the backs of car…

Healthcare drags Aus shares 0.22% lower

21 Oct 2016 - Healthcare drags Aus shares 0.22% lower. Kangaroo Island Plantation Timbers (ASX:KPT) has signed a heads of agreement to purchase the entire Forestry Investment Trust…

Healthcare plunges: drags ASX 0.51% lower at noon

21 Oct 2016 - Healthcare plunges: drags ASX 0.51% lower at noon. OZ Minerals (ASX:OZL) announces copper production improved by 5%, and revises gold production guidance downwards.

Woodside Petroleum achieves record LNG production

20 Oct 2016 - According to its Q3, 2016 operational update, Woodside Petroleum Ltd (ASX:WPL) achieved record production at its Karratha and Pluto gas plants.

South32 production update for Sep Qtr 2016

20 Oct 2016 - South32 Ltd (ASX:S32) announced its net cash position increased to US$551 million in the September quarter.

Brambles sales revenue rises 5% in 1Q, FY17

20 Oct 2016 - Brambles (ASX:BXB) reported a 5% rise in sales revenue during the first quarter of FY17.

Fortescue releases Sep quarter production results

20 Oct 2016 - Fortescue Metals Group Ltd (ASX:FMG) reports cash production costs improved to US$13.55 per wet metric tonne in 1Q, 2017.

API reports 16% profit boost and more Priceline stores

20 Oct 2016 - Australian Pharmaceutical Industries Ltd (ASX:API), the owner of the Priceline and Soul Pattinson Chemist brands, has released its full year results ended 31 August 2…

Rio Tinto releases positive 3Q production results

20 Oct 2016 - Rio Tinto (ASX:RIO) announces its Pilbara iron ore production saw a run-rate of 330 million tonnes a year, and revised guidance of between 323 and 330 million tonnes …

US energy stocks surge: ASX to lift on open

20 Oct 2016 - US energy stocks surge: ASX to lift on open. RXP Services Ltd (ASX:RXP), has announced its underlying EBITDA rose 71% to $18.2 million in FY2016.