Finance News Network

News by Kathy Skantzos

Kathy Skantzos

Finance News Network

CIMIC wins $312 million contract

18 Dec 2017 - Construction company CPB Contractors, a CIMIC Group (ASX:CIM) company, wins a Victorian government design and construction contract that is expected to generate reven…

ANZ completes divestment in Shanghai Rural Commercial Bank

18 Dec 2017 - ANZ (ASX:ANZ) completes the sale of its 20 per cent stake in Shanghai Rural Commercial Bank and will buy back $1.5 billion in shares as part of the capital management…

Oracle to acquire 100% stake in Aconex

18 Dec 2017 - Cloud-based technology company Aconex (ASX:ACX) enters into an agreement with global database platform Oracle, which is proposing to acquire a 100 per cent stake in A…

Record highs: Aus shares to open in positive territory

18 Dec 2017 - Market Outlook in 3 mins: Wall Street closed the trading week in positive territory, with the major indicies finishing at record highs. Iron ore has advanced a promis…

Mesoblast grants TiGenix global patent license

15 Dec 2017 - Developer of innovative cell-based medicines Mesoblast (ASX:MSB) grants biopharmaceutical company TiGenix an exclusive global patent license that enables the global c…

Aeon Metals raises $30 million to fund its Walford Creek project

15 Dec 2017 - Mining company Aeon Metals (ASX:AML) raises $30 million in an institutional placement to fund its Walford Creek project.

Genworth’s earnings curve review shows NEP loss

15 Dec 2017 - An annual earnings curve review of mortgage insurance lenders Genworth (ASX:GMA) has shown a negative impact of its net earned premium (NEP) by approximately $40 mill…

Transurban raises $1.35 billion in institutional entitlement offer

15 Dec 2017 - Urban toll road company Transurban (ASX:TCL) raises approximately $1.35 billion in the institutional component of its $1.9 billion entitlement offer.

Markets close lower: Aus shares to open flat

15 Dec 2017 - Market Outlook in 3 mins: Wall Street closed yesterday’s session in the red, and Australia’s futures are sitting flat, pointing towards a slow day of trade this Frida…

Navitas renews partnership with Curtin University

15 Dec 2017 - Global education services provider Navitas (ASX:NVT) renews its partnership with Western Australia’s Curtin University for Perth-based Curtain College and its Singapo…

Fiducian acquires $40.9 million through new clients

15 Dec 2017 - Financial services company Fiducian (ASX:FID) acquires a further $40.9 million in funds under advice through three financial planning clients.

National Storage REIT raises $50 million

14 Dec 2017 - National Storage REIT (ASX:NSR) raises $50 million in an institutional placement.

Acorn Capital Investment Fund acquires asset portfolio

14 Dec 2017 - Investment company Acorn Capital Investment Fund (ASX:ACQ) has entered into an asset sale agreement to acquire a portfolio of seven assets, including an asset from Wa…

Propertylink acquires Sydney business park for $48 million

14 Dec 2017 - Real estate group Propertylink (ASX:PLG) acquires a $48 million business park located in sought-after Lane Cove in Sydney.

ACCC rejects BP’s acquisition proposal of Woolworths service stations

14 Dec 2017 - Australia’s consumer watchdog announces it will oppose BP Australia’s proposed acquisition of Woolworths’ (ASX:WOW) network of more than 500 retail service stations, …

Mostly positive: Aus shares to open higher

14 Dec 2017 - Market Outlook in 3 mins: Wall Street had a mostly positive day of trade yesterday, with the Dow closing the session 80 points higher. The Federal Reserve lifted the …

Commonwealth Bank admits to money-laundering in response to AUSTRAC

14 Dec 2017 - Commonwealth Bank (ASX:CBA) admits to breaches of money laundering and counter-terrorism financing laws in response to federal regulator AUSTRAC’s allegations filed i…

Tabcorp-Tatts combination approved by Supreme Court

14 Dec 2017 - Tabcorp (ASX:TAH) welcomes the Supreme Court approval of the Tatts and Tabcorp combination which was approved in Victoria yesterday afternoon.

CIMIC’s UGL selected as contractor for Kidston project

12 Dec 2017 - Engineering company UGL, a CIMIC Group (ASX:CIM) business, has been selected as the engineering procurement and construction contractor by Genex Power to deliver the …

Kogan.com to launch Kogan Health with Medibank

12 Dec 2017 - E-retailer Kogan (ASX:KGN) partners up with Medibank (ASX:MPL) to launch Kogan Health, a new brand offering budget health insurance policies.

In the green: Aus shares to open higher

12 Dec 2017 - Market Outlook in 3 mins: The US markets closed in the green yesterday and Australia’s futures are up, indicating a positive start to the trading session today. ANZ (…

Fleetwood Corporation sells Flexiglass business

12 Dec 2017 - Accommodation and recreational vehicle business Fleetwood Corporation (ASX:FWD) agrees to sell its Flexiglass Challenge business to automotive accessories business Ae…

Cromwell Property Group makes $170m placement

12 Dec 2017 - Global real estate investment manager Cromwell Property Group (ASX:CMW) has announced a $170 million strategic placement to Singapore Stock Exchange (SGX)-listed prop…

Downer awarded $312m OZ Minerals contract

11 Dec 2017 - Engineering management services company Downer (ASX:DOW) along with its joint venture partner Ausenco has been awarded an OZ Minerals contract worth $312 million.

Bubs share purchase plan heavily oversubscribed

11 Dec 2017 - Organic baby food and infant formula company Bubs Australia (ASX:BUB) has received applications in excess of $28.7 million from existing shareholders in its Share Pur…

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