Finance News Network

News by Jessica Amir

Jessica Amir

Finance News Network

Sims Metal Management MD and CEO departs, successor hired

04 Aug 2017 - Sims Metal Management (ASX:SGM) has announced it has appointed Alistair Field as its new MD and CEO following the resignation of Galdino Claro.

Tabcorp NPAT & EBIT fall as merger & court costs toll

04 Aug 2017 - Tabcorp (ASX:TAH) reports its statutory net profit after tax fell over 100 per cent to a loss of $20.8 million in FY17, down from its NPAT of $169.7 million in FY16.

Computershare to sell 50% of Indian Karvy Computershare US$90m

04 Aug 2017 - Computershare (ASX:CPU) has agreed to sell 50 per cent of its interest in Indian venture Karvy Computershare for US$90 million.

Tatts Shareholders to vote on merger in Oct 2017

04 Aug 2017 - Tatts Group (ASX:TTS) advises that the proposed merger with Tabcorp (ASX:TAH) will be voted on by its shareholders in October 2017.

Dow inks 7th record, Local eyes on RBA statement: ASX flat open

04 Aug 2017 - Dow inks 7th record, Local eyes on RBA statement: ASX flat open. Saracen Mineral Holdings Limited (ASX:SAR) has inked a deal to sell its King of the Hills (KoTH) gold…

Actcelerate International Group (NSX:ACT) to list on NSX

03 Aug 2017 - Actcelerate International Group (NSX:ACT) Directors CK Cheong and James Huey talk about their approach to investing in SMEs and start-ups in the South-East Asian regi…

CSL completes JV deal, buying majority stake in Chinese co’

03 Aug 2017 - CSL (ASX:CSL) has completed a joint venture transaction to buy a majority stake in a Chinese plasma-derived therapies manufacturer.

Briscoe sales rise, NPAT to be above $28m

03 Aug 2017 - Briscoe (ASX:BGP) is expecting net profit after tax of no less than $28 million, for the half year to 30 June 2017.

Suncorp FY17 NPAT rise 3.6% to $1.1b

03 Aug 2017 - Suncorp (ASX:SUN) has reported group net profit after tax of $1.075 billion, a 3.6 per cent gain from the FY16.

Kathmandu’s EBIT & NPAT to rise compared to FY16

03 Aug 2017 - Kathmandu Holdings (ASX:KMD) says on the back of increased sales, its expecting higher NPAT and EBIT for the full year ending 31 July 2017, compared to the prior corr…

Rio’s NP, EBITDA & revenue soar, commence US$1b buyback

03 Aug 2017 - Rio Tinto (ASX:RIO) announced a stellar six months to the end of the financial year, as well as a new US$1 billion share-buyback program.

Flight Centre Travel snaps up Canadian company to grow presence

03 Aug 2017 - The Flight Centre Travel Group (ASX:FLT) has bolstered its North America presence, acquiring a Quebec city-based travel company that makes $C100 million in total tran…

Dow above 22,000 thanks to Apple: ASX poised for modest rise

03 Aug 2017 - Dow above 22,000 thanks to Apple: ASX poised for modest rise. Australian Pharmaceuticals Industries (ASX:API) has revised its FY2017 NPAT guidance to be 5 per cent up…

First Graphite (ASX:FGR) talks graphene facility

02 Aug 2017 - First Graphite (ASX:FGR) Director, Peter Youd, discusses the construction of its graphene processing facility in WA.

BWP’s net profit falls, distributable profit & distributions rise

02 Aug 2017 - BWP (ASX:BWP) has reported its net profit fell to $223.8 million for the financial year ending 30 June 2017, compared the stronger the $310.5 million net profit in FY…

LiveTiles raised $11m to ramp up global footprint

02 Aug 2017 - LiveTiles (ASX:LVT) has successfully raised $11 million via an oversubscribed share placement, which will be used it accelerate its global growth.

Genworth NPAT falls in 1H17 to $88.7m

02 Aug 2017 - Genworth Mortgage Insurance Australia (ASX:GMA) has reported its NPAT fell 34.7 per cent in first half of 2017 to $88.7 million.

APN Outdoor wins five year extension on Sydney Buses contract

02 Aug 2017 - APN Outdoor Group (ASX:APO) has won an extension on its State Transit contract with Sydney Buses, for a further five years, on improved financial terms.

Astro Group to sell property interests & wind up

02 Aug 2017 - Astro Japan Property Group (ASX:AJA) has agreed to sell its Property (TK) Interests to Jetsons Holding II Pte. Limited.

Yancoal launches US$2.5 billion equity raising to fund C&A purchase

02 Aug 2017 - Yancoal (ASX:YAL) has announced a US$2.5 billion equity raising, which will provide funding for the 100 per cent acquisition of Coal and Allied from Rio Tinto (ASX:RI…

Dow on the heels of 22,000: Aus shares to see soft start

02 Aug 2017 - Dow on the heels of 22,000: Aus shares to see soft start. CYBG (ASX:CYB) has reported its mortgage business grew 5.8 per cent (on an annual basis) in the 9 months to …