Finance News Network

News by Kathy Skantzos

Kathy Skantzos

Finance News Network

Experience Co acquires GBR Helicopters

02 Nov 2017 - Adventure tourism and leisure company Experience Co (ASX:EXP) completes the acquisition of GBR Helicopters.

NAB announces $5.29B in profit and $6.6B in cash earnings

02 Nov 2017 - National Australia Bank (ASX:NAB) announces $5.29 billion in net profit in its FY2017 results released today, with cash earnings up 2.5% to $6.6 billion compared to …

Emeco raises $67M in entitlement offer

02 Nov 2017 - Heavy earthmoving equipment company Emeco (ASX:EHL) announces the successful completion of its institutional entitlement offer.

Credit Corp Group acquires Thorn Group’s Cashfirst loan book

02 Nov 2017 - Credit Corp Group (ASX:CCP) acquires Thorn Group’s (ASX:TGA) Cashfirst branded consumer loan book and associated assets for a total consideration of $13.3 million.

Fed’s unchanged interest rates helps boost market: Aus shares to open higher

02 Nov 2017 - Market Outlook in 3 mins: S&P 500 and Dow both closed higher, with the Energy sector advancing. The US dollar rises after above-expectation US employment data, with 2…

Positive Wednesday: Aus shares close 0.49% higher

01 Nov 2017 - Beach Energy (ASX:BPT) drives the Energy sector up and Discretionary drops as Myer reports 2.8% loss in Q1 sales. Domino’s Pizza (ASX:DMP) is also down after announci…

Fastbrick Robotics Hadrian X robot program progresses

31 Oct 2017 - Australian robotic technology company Fastbrick Robotics (ASX:FBR) highlights in its September quarter results the collaboration with Caterpillar and Saudi Arabia’s M…

Infigen reports increased production and revenue in Q1

31 Oct 2017 - Energy business Infigen (ASX:IFN) reports a 14% increase in production generated and a 16% increase in production sold in the September quarter compared to the prior …

Elk Petroleum reports US$4.6M in revenue in Q1

31 Oct 2017 - Elk Petroleum (ASX:ELK) reports in its Q1 FY2018 report increased revenue to US$4.6 million from the previous quarter.

Australian Mines highlights progress in Sconi project

31 Oct 2017 - Australian Mines (ASX:AUZ) highlights in its Q1 FY2018 report the 100% acquisition of the Sconi project in north Queensland, which superseded the previous joint ventu…

Argosy Minerals on target for LCE project

31 Oct 2017 - Argosy Minerals (ASX:AGY) announces in its quarterly report to September the mining company is on target to reach its first battery grade lithium carbonate project pl…

Woolworths sees 3.7% increase in sales in Q1

31 Oct 2017 - Woolworths (ASX:WOW) announces its Q1 sales results for FY2018, with a 3.7% increase in sales from the previous period, after opening five new stores so far.

Markets dropped: Aus shares to open lower

31 Oct 2017 - Market Outlook in 3 mins: US markets took a hit, the Dow 85 points down after the White House reported corporate tax cuts could be gradual. De Grey Mining discovers t…

Big Un’s travel show to broadcast on Sky News Business

30 Oct 2017 - Parent company of Big Review TV, a social media video review platform, Big Un (ASX:BIG), enters into an agreement with Australian News Channel to broadcast the Wayfar…

IoT platform Buddy raises $23M for global expansion

30 Oct 2017 - Internet of Things (IoT) data management platform Buddy Platform (ASX:BUD) successfully raises $23 million via an oversubscribed placement.

Zenitas to raise $29.7M in capital raising

30 Oct 2017 - Healthcare company Zenitas (ASX:ZNT) announces it is raising $29.7 million in a fully underwritten institutional placement and entitlement offer.

Seek reports over $1B in revenue in FY2017 results

30 Oct 2017 - Recruitment website Seek (ASX:SEK) releases its FY2017 annual results, posting more than $1 billion in revenue for the first time.

G Medical acquires CardioStaff in the US

30 Oct 2017 - Mobile and e-Health company G Medical (ASX:GMV) announces its wholly-owned US subsidiary will acquire 100% of CardioStaff Diagnostic Services, a US based independent …

Data#3 partners with CenturyLink

30 Oct 2017 - Leading Australian technology provider Data#3 (ASX:DTL) announces it will partner with CenturyLink,a global communications hosting, cloud and IT services company.

Tech giants pull Nasdaq up 2.2%: Aus shares to open higher

30 Oct 2017 - Market Outlook in 3 mins: Nasdaq jumped 2.2% in the biggest one-day gain in a year. Amazon, Microsoft and Alphabet all soared, reporting larger-than-expected gains. …

Tabcorp revenue up 5.7% in Q1

27 Oct 2017 - Tabcorp (ASX:TAH) reports group revenue for the September quarter of $578.8 million, up 5.7 per cent on the prior corresponding period.

Macquarie announces 19% increase in half-year profits

27 Oct 2017 - Macquarie Group (ASX:MQG) announces half-year net profit after tax of $1.25 billion to September 2017.

Nufarm raises $338M to fund crop portfolio

27 Oct 2017 - Nufarm (ASX:NUF) announces the completion of its institutional entitlement offer, raising approximately $338 million after expecting to raise about $446 million.

Sonic Healthcare raises €160M for debt funding

27 Oct 2017 - Sonic Healthcare (ASX:SHL) raises €160 million of long-term debt funding as part of refunding expiring bank debt facilities.

AMP’s Q3 FY17 results in line with expectations

27 Oct 2017 - AMP (ASX:AMP) reports Q3 FY2017 results in line with market expectations, with wealth management assets increasing $211 million during the quarter to $125.3 billion.

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