Finance News Network

News by Jessica Amir

Jessica Amir

Finance News Network

BHP approves US$250m in financial support

03 Jul 2017 - BHP Billiton (ASX:BHP) has approved a total of US$250 million in financial support for remediation and compensation programs for the Brazilian dam disaster, which cla…

Crown Resorts appoints Ex Fed Minister for Revenue + Co’ Secretary

03 Jul 2017 - Crown Resorts (ASX:CWN) announces Company Secretary, Michael Neilson has stepped down after 13 years, following a restructure of the company’s legal and compliance fu…

Nasdaq posts best 1HY since 2009: Aus shares to rise

03 Jul 2017 - Nasdaq posts best 1HY since 2009: Aus shares to rise. Northern Minerals (ASX:NTU) has granted a Hong Kong based fund, AMC Wanhai Securities, a requested funding exten…

Ardent Leisure appoints Interim Chief Financial Officer

30 Jun 2017 - Ardent Leisure Limited (ASX:AAD) has appointed Mr Geoff Richardson as its interim Chief Financial Officer, with effect from 3 July 2017.

RCR Tomlinson completes $50m banking facility increase

30 Jun 2017 - RCR Tomlinson Limited (ASX:RCR) has completed its $50 million banking facility increase through the Commonwealth Bank of Australia (ASX:CBA).

South32 withdraws staff from NSW Appin colliery

30 Jun 2017 - South32 Limited (ASX:S32) says it withdrew its workforce from its Appin mine in the southern coalfields of New South Wales on Wednesday 28 June 2017.

Yancoal to become largest pure-play coal producer in Australia

30 Jun 2017 - Yancoal Australia (ASX:YAL) announces as Rio Tinto (ASX:RIO) gave it the green light to buy its thermal assets, it will now become the largest pure-play coal producer…

Energy Resources of Australia appoints Chief Executive & Managing Director

30 Jun 2017 - Energy Resources of Australia (ASX:ERA) appoints Paul Arnold as Chief Executive and Managing Director, with effect from 2 August 2017.

Wall Street takes profits: Aus shares to slide at open

30 Jun 2017 - Wall Street takes profits: Aus shares to slide at open. Bega Cheese Limited (ASX:BGA) says the acquisition of Vegemite is likely to be delayed.

REA Group to see $180m impairment in FY17

29 Jun 2017 - REA Group Limited (ASX:REA) is expecting to see a non-cash impairment charge of about $180 million (pre and post tax) for the financial year ending 30 June 2017.

Neuren secures funds to progress Rett syndrome trial

29 Jun 2017 - Neuren Pharmaceuticals (ASX:NEU) has secured funding to commence key activities for Phase 3 of its trial, aimed at developing treatment for Rett syndrome.

Cabcharge sells stake in CityFleet for $13.3m

29 Jun 2017 - Cabcharge Australia Limited (ASX:CAB) says it will sell its 49 per cent stake in CityFleet Networks (CFN) for £7.9 million, which is about $13.3 million.

ImpediMed kicks off SOZO commercial sales in Europe and Australia

29 Jun 2017 - ImpediMed Limited (ASX:IPD) has commenced its first commence sales for its SOZO platform in Europe and Australia, with shipments now underway.

Moelis Australia buys a hotel group for $677m, upgrades profit & earnings

29 Jun 2017 - Moelis Australia (ASX:MOE)’s Australia managed Fund has entered into an agreement to buy the Redcape Hotel Group for $677 million (ex transaction costs).

Fleetwood enters supply agreement with Gateway Lifestyle Group

29 Jun 2017 - Fleetwood Corporation (ASX:FWD) enters into a new supply agreement with an over 50s home provider, Gateway Lifestyle Group (ASX:GTY).

The Fed, tech stocks & ECB fuel Wall St: Aus shares to firm higher

29 Jun 2017 - The Fed, tech stocks & ECB fuel Wall St: Aus shares to firm higher. Auswide Bank (ASX:ABA) has settled $300 million in new residential mortgage-backed securities (RMB…

Gaining momentum: Aus shares 0.3% higher at noon

28 Jun 2017 - Gaining momentum: Aus shares 0.3% higher at noon. Santos Limited (ASX:STO) has announced positive results from the two-well appraisal drilling campaigns in the Baross…

IAG margin guidance to rise amid higher reserve release

28 Jun 2017 - IAG (ASX:IAG) has raised its reserve releases and as a result, expects its FY17 margin guidance will rise to the range of 13.5 per cent to 15.5 per cent.

Nine's EBITDA to increase amid Govt licence fee removal

28 Jun 2017 - Nine Entertainment Co Holdings (ASX:NEC) has announced it will be positively impacted by the Australian Government’s regulation change announced today on licence fees…

Dexus establishes $760m healthcare JV

28 Jun 2017 - Dexus (ASX:DXS) has entered into a joint venture (JV) with Commercial and General (C&G) to establish a new wholesale unlisted healthcare fund, that is tipped to be wo…

DroneShield raises $1.25m through SPP & placements

28 Jun 2017 - DroneShield (ASX:DRO) has successfully raised $1.25 million through a Share Purchase Plan (SPP) and private placement.

SKYCITY Chairman retires

28 Jun 2017 - SKYCITY Entertainment Group (ASX:SKC) announces its Chairman, Chris Moller will retire from the board, effective 31 December 2017.

Sirtex Medical announces $90m impairment & to cut 15% of staff

28 Jun 2017 - Sirtex Medical Limited (ASX:SRX) announces a number of changes aimed at improving the company’s profitability.

Wall St slips as health care vote delayed: Aus shares to slightly dip at open

28 Jun 2017 - Wall St slips as health care vote delayed: Aus shares to slightly dip at open. 1300SMILES (ASX:ONT) has acquired two orthodontist practices, known as Family Care Orth…

Cynata Therapeutics’ clinical trial gains momentum

27 Jun 2017 - Cynata Therapeutics (ASX:CYP) has announced it commenced patient dosing in the first ever clinical trial of stem cell therapy for graft-versus host disease therapy.

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