Finance News Network

News by Jessica Amir

Jessica Amir

Finance News Network

US arms deal pushes Wall St higher: Aus shares to advance

23 May 2017 - US arms deal pushes Wall St higher: Aus shares to advance. The National Australia Bank (ASX:NAB) says the new major bank tax announced in the Federal Budget, could co…

Westpac says new major tax to impact 2H17 by $65M after tax

22 May 2017 - Westpac Banking Corp (ASX:WBC) says the new major bank tax announced in the Federal Budget, would cost the group around $370 million or around $260 million after tax,…

Downer EDI extends Spotless takeover offer to 14 June 2017

22 May 2017 - Downer EDI (ASX:DOW) extends its takeover offer by two weeks, to buy all of the Spotless Group (ASX:SPO) shares that it already doesn’t own.

Alumina’s Mike Ferraro to replace CEO Peter Wasow

22 May 2017 - Alumina Limited (ASX:AWC) announces its Chief Executive Officer and Managing Director, Peter Wasow will retire on 31 May 2017.

Magnis Resources to co-build Lithium-ion Gigafactory in NY

22 May 2017 - Magnis Resources Limited (ASX:MNS) says the New York State Government is supporting a Lithium-ion Gigafactory to be built the state.

Helloworld refinances $60M debt

22 May 2017 - Helloworld Travel Limited (ASX:HLO) refinances the group’s secured debt facility with Westpac Banking Corporation (ASX:WBC).

8I Holdings to sell Singapore property/event company

22 May 2017 - 8I Holdings Limited (ASX:8IH) announces the sale of its property and event management company in Singapore.

US stocks climb higher: Aus shares to advance

22 May 2017 - US stocks climb higher: Aus shares to advance. The PAS Group Limited (ASX:PGR) says higher than expected industry-wide heavy winds and promotions have hampered its re…

Sydney Airport reports international traffic growth

19 May 2017 - Sydney Airport Limited (ASX:SYD) has reported combined monthly traffic growth of 4.7% compared to the prior corresponding period.

ChimpChange undertakes $10M placement

19 May 2017 - ChimpChange Limited (ASX: CCA) announces a successful $10 million placement to various institutional and sophisticated investors.

Origin to sell Darling Downs Pipeline Network for $392M

19 May 2017 - Origin Energy (ASX:ORG) enters into an agreement to sell its Darling Downs Pipeline Network in Queensland for $392 million.

APN Outdoor and oOh!media scrap proposed merger

19 May 2017 - APN Outdoor Group (ASX:APO) and oOh!media Limited (ASX:OML) announces their proposed merger has been scraped.

Evolve Education acquires six centres

19 May 2017 - Evolve Education Group Limited (ASX:EVO) has entered into a contract to buy six early childhood education (ECE) centres in the south island of New Zealand.

Kazakhstan Potash: successful Chongqing JV first quarter

19 May 2017 - Kazakhstan Potash Corporation Limited (ASX:KPC) and its Joint Venture, focused on developing a fertiliser logistics and distribution hub for all major material fertil…

Wall Street recovers: Aus shares to open flat

19 May 2017 - Wall Street recovers: Aus shares to open flat. A London AIM-listed gold explorer and developer, Stratex International, has proposed to buy Crusader Resources Limited …

Avita Medical sees positive results from burns trial

18 May 2017 - Avita Medical Limited (ASX:AVH) has achieved positive results from its 30 patient trial in treating severe burns.

Kore Potash granted 25-yr mining extension by Republic of Congo

18 May 2017 - Kore Potash Limited (ASX:K2P) has been granted a 25-year license extension from the Republic of Congo, by Presidential Decree for it existing operations in the Republ…

ACCC approves Fly-in-Fly-out Airline service with Virgin Australia

18 May 2017 - The ACCC grants Virgin Australia Airlines (ASX:VAH) approval for a Fly-in-Fly-out Airline service.

Fairfax: Hellman and Friedman bid to buy at $1.225 to $1.250

18 May 2017 - Fairfax Media Limited (ASX:FXJ) receives a proposal from private equity firm, Hellman and Friedman and its associates to buy 100% of the shares in Fairfax at $1.225 t…

United Networks partners with Chubb Insurance for Wi-Fi App

18 May 2017 - United Networks Limited (ASX:UNL) partners with Chubb Insurance Australia Limited to distribute its Wif-Fi data app to its travel insurance customers for 12 months.

Enero reduces share capital account & declares special dividend

18 May 2017 - Enero Group Limited (ASX:EGG) says it has reduced its share capital account and total contingent liability amounts, while also declaring it will pay a special fully f…

Worst Wall Street close for 2017: ASX to tumble at open

18 May 2017 - Worst Wall Street close for 2017: ASX to tumble at open. Appen Limited (ASX:APX) has increased its full year 2017 earnings guidance to be 40% to 50% above its prior y…

Compumedics receives $3m in Chinese orders

17 May 2017 - Compumedics (ASX:CMP) has received $3 million in new orders from Chinese distributors, for its sleep and neuro diagnostics systems.

Big Un Increases cash reserve guidance by 399% for FY17

17 May 2017 - Big Un Limited (ASX:BIG) increases its cash reserve guidance by 399% for the 2017 financial year on the back of increased receipts.

Wesfarmers says Officeworks will not make an IPO

17 May 2017 - Wesfarmers Limited (ASX:WES) says an Initial Public Offering (IPO) of its Officeworks business would not be in the best interests of its shareholders, at this point i…

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