Finance News Network

News by Kathy Skantzos

Kathy Skantzos

Finance News Network

Credit Corp Group profits increase 18%

30 Jan 2018 - Debt buyer Credit Corp Group (ASX:CCP) reports an 18 per cent increase in half year profits to $29.8 million.

Syrah Resources’ Balama project nears completion

30 Jan 2018 - Mining company Syrah Resources (ASX:SYR) says its Balama graphite operation has produced its first saleable production as it is nearing completion, with budget blown …

Newcrest Mining gold production up 17.2 per cent

30 Jan 2018 - Australia’s largest gold miner Newcrest Mining (ASX:NCM) reports a 17.2 per cent increase in gold production for the December quarter.

Fortescue reports drop in iron ore production

30 Jan 2018 - Iron ore miner Fortescue (ASX:FMG) reports an 8 per cent drop in total shipments of iron ore of 40.5 million tonnes for the December quarter compared to the prior qua…

Higher interest rates impact US markets: Aus shares to drop

30 Jan 2018 - Market Outlook: The US markets fell overnight after hitting record highs in the previous session. It was the biggest drop for the year so far, with the Dow falling 11…

Transurban closes retail entitlement offer

30 Jan 2018 - Toll road company Transurban (ASX:TCL) raises $399 million in the retail component of its $1.9 billion entitlement offer, after raising $1.35 billion in the instituti…

Doriemus on track for Horse Hill

30 Jan 2018 - UK-based oil and gas company Doriemus (ASX:DOR) completes an operational planning review to begin testing the Horse Hill discovery well near London’s Gatwick Internat…

Sky and Space Global signs POS contract with Paratus Group

29 Jan 2018 - Satellite company Sky and Space Global (ASX:SAS) announces it has signed its first field trial for a point of sale (POS) device with telecommunications company Paratu…

Atlas Iron reports drop in sales and production

29 Jan 2018 - Miner Atlas Iron (ASX:AGO) reports a drop in sales volumes and ore production and an increase in cash costs, which it says is due to ongoing discounts being applied t…

Clean TeQ signs contract with Multotec

29 Jan 2018 - A subsidiary of wastewater treatment company Clean TeQ (ASX:CLQ), Clean TeQ Water, enters into an agreement with processing mineral equipment company Multotec to deve…

Praemium adds international securities

29 Jan 2018 - Investment administrator Praemium (ASX:PPS) announces that it has enhanced its separately managed account (SMA) proposition in Australia with the addition of internat…

Synlait Milk reaffirms milk price forecast

29 Jan 2018 - Dairy company Synlait Milk (ASX:SM1) reaffirms its milk price forecast of $6.50 for the 2017-2018 season.

Commonwealth Bank announces new CEO

29 Jan 2018 - Commonwealth Bank (ASX:CBA) appoints Matt Comyn as the bank’s new Chief Executive Officer.

Record highs in the US: Aus shares to open higher

29 Jan 2018 - The major indices in the US finished the week on record highs and Australia’s futures are on an upward turn. Supplier of medical equipment Paragon Care (ASX:PGC) agre…

Kogan.com will now offer life insurance

25 Jan 2018 - Online retailer and insurance provider Kogan.com (ASX:KGN) will soon provide life insurance after signing an agreement with Greenstone Financial Services.

Milton Corporation’s profit increases by 9%

25 Jan 2018 - Investment company Milton Corporation (ASX:MLT) announces its profit has risen by 9 per cent to $66.6 million in the first half of 2018.

nib Holdings announces below-industry premiums rise

25 Jan 2018 - Insurer nib Holdings (ASX:NHF) receives approval to adjust its premium to 3.93 per cent, just below the industry average of 3.95 per cent, and the lowest premium incr…

Medibank announces lowest premiums rise in 17 years

25 Jan 2018 - Health insurance company Medibank Private (ASX:MPL) announces a 3.88 per cent increase in its average premiums, which is the lowest level in 17 years for the insurer …

Tech stocks drop: Aus shares to open lower

25 Jan 2018 - It was a mixed session on Wall Street, and Australia’s futures have slipped for the last day of trade for the week ahead of the Australia Day holiday tomorrow. Global…

Cleanaway Waste Management completes entitlement offer to fund acquisition

25 Jan 2018 - Cleanaway Waste Management (ASX:CWY) announces the successful completion of its fully underwritten entitlement offer, with the retail component raising approximately …

NEXTDC does not support 360 Capital Group's potential eligibility to vote in resolution

25 Jan 2018 - Cloud-based data centre company NEXTDC (ASX:NXT) announces it remains of the view that 360 Capital Group (ASX:TGP), the controlling security holder the Asia Pacific D…

Santos’ revenue increases 20% in 2017

24 Jan 2018 - Oil and gas company Santos (ASX:STO) announces total sales revenue increased 20 per cent in 2017 to US$3.1 billion compared to the previous year, despite a fall in p…

HUB24’s funds under administration now at $7 billion

24 Jan 2018 - Investment and superannuation platform HUB24 (ASX:HUB) reports its funds under administration is now at $7 billion after a strong performance in the second quarter.

Rio Tinto meets with Mongolian prime minister

24 Jan 2018 - Chief Executive of mining giant Rio Tinto, (ASX:RIO) J-S Jacques met the Prime Minister of Mongolia, U. Khurelsukh in the country’s capital city to progress their par…

SomnoMed’s revenue increases 45% in Q2

24 Jan 2018 - Medical therapy producer SomnoMed (ASX:SOM) announces a 45 per cent growth in revenue for the second quarter of the financial year, reaching $18.5 million for the qua…

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