Finance News Network

News by David Chau

David Chau

Finance News Network

Abacus teams up with GAW to buy industrial properties

11 Oct 2016 - Abacus Property Group (ASX:ABP) establishes new investment vehicle to acquire opportunistic industrial assets in major Australian cities along the east coast.

Woolworths ends business relationship with Hills

11 Oct 2016 - Woolworths Ltd (ASX:WOW) and Hills Ltd (ASX:HIL) have today agreed to end their business relationship.

oOh!media buys Executive Channel for $68.5M

11 Oct 2016 - oOh!media Limited (ASX:OML) enters deal to acquire Executive Channel International for $68.5M.

Berkeley Energia develops uranium project in Spain

11 Oct 2016 - Berkeley Energia (ASX:BKY) commences development of its Salamanca uranium project in Western Spain.

CBL’s proceeds with $150M acquisition

11 Oct 2016 - CBL Corporation Ltd (ASX:CBL) obtains regulatory approval for its $150 million acquisition of a French insurance underwriter.

Putin’s comments boost oil: ASX to rise on open

11 Oct 2016 - Putin's comments boost oil: ASX to rise on open. Smartgroup Corporation Ltd's (ASX:SIQ) Smartleasing division, now an approved provider of novated leases to QLD gove…

Weak finish: Aus shares close 0.29% lower

07 Oct 2016 - Weak finish: Aus shares close 0.29% lower. Western Australian government negotiating buy-out with BHP Billiton (ASX:BHP) and Rio Tinto (ASX:RIO).

Friday fall: Aus shares down 0.25% at midday

07 Oct 2016 - Friday fall: Aus shares down 0.25% at midday. Visionstream has been awarded a 4 year contract with Chorus New Zealand (ASX:CNU) worth NZ$390 million.

QBE Insurance Group (ASX:QBE) 1H 2016 results and strategy

07 Oct 2016 - QBE Insurance Group Ltd (ASX:QBE) Group CEO, John Neal discusses the group’s 1H 2016 results, overview of the different businesses and key areas of focus.

Thursday rebound: Aus shares up 0.33% at noon

06 Oct 2016 - Thursday rebound: Aus shares up 0.33% at noon. Estia Health Limited (ASX: EHE) revises downwards FY17 EBITDA – now $86M to $90M.

Flight Centre expands further into India

06 Oct 2016 - Flight Centre Group (ASX:FLT) has strengthened its presence in India by acquiring the Travel Tours Group in Bangalore.

News Corp’s proposed acquisition scrutinised by ACCC

06 Oct 2016 - ACCC is currently seeking submissions regarding News Corporation's (ASX:NWS) intended acquisition of Australian Regional Media.

BOQ’s profit rises 6% in competitive FY16

06 Oct 2016 - Bank of Queensland Ltd (ASX:BOQ) announces its statutory NPAT rose 6% to $338 million in the full year ended 30 June 2016.

TerraCom receives FIRB approval to buy QLD mine

06 Oct 2016 - The Foreign Investment Review Board approves TerraCom Ltd's (ASX:TER) acquisition of the Blair Athol Coal Mine in Queensland.

Trade Me faces a new competitor – Facebook

06 Oct 2016 - Trade Me Group Ltd (ASX:TME) has a new competitor in the New Zealand online marketplace – Facebook.

ANZ CEO apologises to parliamentary inquiry

06 Oct 2016 - ANZ Bank (ASX:ANZ) CEO, Shayne Elliott, made a number of apologies yesterday to the parliamentary inquiry into the banking sector.

Thursday turnaround: ASX will open higher

06 Oct 2016 - Thursday turnaround: ASX will open higher. Skydive the Beach Group Ltd (ASX:SKB) acquires an aircraft and helicopter maintenance business in Wanaka, New Zealand, for …

8I Holdings buys Hidden Champions Fund

05 Oct 2016 - 8I Holdings Ltd (ASX:8IH) purchases all the management shares of the Hidden Champions Fund.

SEEK affected by new laws on student loans

05 Oct 2016 - Federal government to overhaul of vocational student loans scheme, which will have a negative impact on SEEK Ltd (ASX:SEK).

Universal Biosensors and Siemens receive FDA approval

05 Oct 2016 - Universal Biosensors, Inc (ASX:UBI) obtains FDA approval to sell the Xprecia Stride Analyzer device in the US.

CBA’s CEO grilled by parliamentary committee

05 Oct 2016 - Commonwealth Bank (ASX:CBA) CEO, Ian Narev, was questioned by a federal parliamentary committee about the CommInsure scandal and "inappropriate financial advice".

Summerset announces 21% higher sales in 3Q16

05 Oct 2016 - Retirement village and aged care service provider, Summerset Group Holdings Ltd (ASX:SNZ), releases 3Q16 operating results.

Infratil to invest in American renewable energy

05 Oct 2016 - Infratil Ltd (ASX:IFT) and the NZ Superannuation Fund will team up to invest in a US renewable energy company.

Hump day: Aus shares to open lower

05 Oct 2016 - Hump day: Aus shares to open lower. Nufarm Ltd (ASX:NUF) sells its 14.69% stake in Indian crop protection business, Excel Crop Care, for $39.5 million.

RBA keeps cash rate on hold at 1.5%

04 Oct 2016 - The Reserve Bank of Australia (RBA) has kept the official cash rate on hold at a record low 1.5 per cent.

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