Finance News Network

News by David Chau

David Chau

Finance News Network

Fisher & Paykel sues ResMed for patent infringement

16 Aug 2016 - Fisher & Paykel Healthcare Corporation Ltd (ASX:FPH) sues medical technology company, ResMed Inc (AS:RMD), in the courts of the United States.

Wall Street reverses upwards; Aus shares to open higher

16 Aug 2016 - Wall Street reverses upwards; Aus shares to open higher. AngloGold Ashanti Limited (ASX:AGG) triples free cash flow to $108 million, and cut net debts by 32%.

Orora’s net profit soars 28.3%

15 Aug 2016 - Packaging company, the Orora Group Ltd (ASX:ORA) announces financial results for FY16.

Aurizon’s profits fall by 88%

15 Aug 2016 - Rail freight company, Aurizon Holdings Ltd (ASX:AZJ) announces its statutory net profit fell by 88% in FY16.

NAB cash profit falls as bad debts rise

15 Aug 2016 - National Australia Bank (ASX:NAB) posts slight fall in its unaudited, third-quarter cash profit - a decline of 3% to $1.6 billion.

Praemium’s EBITDA surges 72% in FY16

15 Aug 2016 - Investment platform developer, Praemium Ltd (ASX: PPS), announces net profit increase of 800,000 in the 2016 financial year.

Summerset announces strong results

15 Aug 2016 - Retirement village operator, Summerset Group Holdings Ltd (ASX:SNZ) says it has earned a record half year profit.

Contact Energy posts $66M loss

15 Aug 2016 - New Zealand power company, Contact Energy Ltd (ASX:CEN) has announced a statutory loss of NZ$66 million.

Weaker Wall Street drags Aus shares lower today

15 Aug 2016 - Weaker Wall Street drags Aus shares lower today. Newcrest Mining Ltd (ASX:NCM) announces two changes to its Board of Directors.

BPS Technology will buy ‘The Entertainment Book’

12 Aug 2016 - BPS Technology Ltd (ASX:BPS), is set to acquire the company which produces ‘The Entertainment Book’.

UGL awarded $100M ‘reclaimed water’ contract

12 Aug 2016 - UGL Ltd (ASX:UGL) awarded a $100 million contract as part of Shoalhaven City Council's 'Reclaimed Water Management Scheme'.

Metro Performance Glass acquires competitor for $43.1M

12 Aug 2016 - Metro Performance Glass Ltd (ASX:MPP) enters conditional agreement to acquire all the shares in Australia’s third largest glass processor in Victoria and NSW.

AGL’s Portland hedging contract to be terminated

12 Aug 2016 - AGL Energy Ltd (ASX:AGL) receives notification about the upcoming termination of its electricity hedging contract for the Portland aluminum smelter in Victoria.

Baby Bunting reports strong profit result

12 Aug 2016 - Baby Bunting Group Ltd (ASX:BBN) announces positive results for the 2016 financial year.

Finbar to develop $350M property in WA

12 Aug 2016 - The Finbar Group Ltd (ASX:FRI) announces it will develop a significant $350 million site in the prestigious suburb of Applecross, Perth.

Aus shares to sprint forward at the open

12 Aug 2016 - Aus shares to sprint forward at the open. Ausdrill Ltd (ASX:ASL), has won a contract to perform additional works at Perseus Mining’s Edikan Gold Mine in Ghana.

Downer EDI to start building Christchurch motorway

11 Aug 2016 - Downer EDI Ltd (ASX:DOW) says its joint venture with McConnell Dowell has been awarded a contract worth NZ$195 million.

DuluxGroup acquires 187-year-old paint business

11 Aug 2016 - DuluxGroup will acquire the assets of a small UK-based paints business called Craig & Rose.

Telstra’s profits up; announces $1.5B share buyback

11 Aug 2016 - Telstra Corporation Ltd (ASX:TLS) announces its full-year profit went up 36.6% to $5.8 billion.

Nick Scali announces profits skyrocketed by 53%

11 Aug 2016 - Nick Scali Ltd's (ASX:NCK) net profit after tax soared by 53% to $26.2 million for the year ended 30 June 2016.

IMF Bentham funds class action against Defence Force

11 Aug 2016 - IMF Bentham Ltd (ASX:IMF) will fund a class action against the Australian Defence Force arising out of 'Williamtown contamination'.

Goodman Group announces strong full year FY16 profit

11 Aug 2016 - Goodman Group (ASX:GMG) announces its operating profit rose by 9% to $715 million.

Worldwide equities weaker; Aus shares to open lower

11 Aug 2016 - Worldwide equities weaker; Aus shares to open lower. Bell Financial Group Ltd (ASX:BFG) has announced an after tax net profit of $5.7 million for the half year ended …

Fairfax announces net loss of $893.5M

10 Aug 2016 - Fairfax Media Ltd (ASX:FXJ) announces statutory net loss after tax of $893.5 million.

Mitula announces positive results and new search sites

10 Aug 2016 - Digital classifieds business, the Mitula Group Ltd (ASX:MUA), releases half year preliminary financial report for the six months ending 30 June 2016.

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