Finance News Network

News by Katrina Bullock

Katrina Bullock

Finance News Network

Vivek Bhatia to join Link Administration Holdings (ASX:LNK) early

18 Sep 2020 - Following the retirement of John McMurtrie, Vivek Bhatia was appointed as Managing Director and CEO of Link Group (ASX:LNK).

Anglo (ASX:AAR) successfully completes $11M placement

18 Sep 2020 - Gold and base metals explorer Anglo Australian Resources (ASX:AAR) has received firm commitments for an $11 million single-tranche placement at $0.17.

Web.com increases takeover bid for Webcentral (ASX:WCG): Aus shares to edge higher at the open

18 Sep 2020 - Australian shares are set to edge higher at the open following a paced sell off on Wall Street. US home building fell in August following strong gains in the prior th…

Rio (ASX:RIO) exes depart over Aboriginal sacred site scandal: Aus shares 0.7% lower at noon

11 Sep 2020 - The Australian share market opened slightly higher but has lost ground during the first half of the session. Rio Tinto (ASX:RIO) executives embroiled in the Juukan Go…

Freedom Foods Group (ASX:FNP) locks-in lending support

11 Sep 2020 - Freedom Foods Group (ASX:FNP) has secured a standstill agreement with its two main lenders, HSBC and National Australia Bank, regarding financing facilities.

Retail Food Group (ASX:RFG) offloads Dairy Country to Fonterra (ASX:FSF)

11 Sep 2020 - Retail Food Group (ASX:RFG) has agreed to sell its subsidiary Dairy Country Pty Ltd, to Fonterra Brands for around $19.2 million.

IGO (ASX:IGO) launches strategic review of Tropicana gold mine interest

11 Sep 2020 - Mining and exploration company, IGO (ASX:IGO) has commenced a strategic review of its options in relation to its 30 per cent interest in the Tropicana gold mine.

BP (LON:BP) launches first foray into offshore wind with Equinor (NYSE: EQNR)

11 Sep 2020 - British integrated oil and gas company, BP (NYSE:BP) has launched its first foray into offshore wind with a new $1.1 billion strategic partnership with Equinor (NYSE:…

BHP to cut carbon emissions by 30% by FY2030: Aus shares to open lower

11 Sep 2020 - The pre-election political gridlock in the United States continues, as a new Republican stimulus package worth $US300 billion fails to advance through the Senate. Wal…

BrainChip Holdings (ASX:BRN) Akida development agreement

09 Sep 2020 - BrainChip Holdings Limited (ASX:BRN) President & CEO Louis DiNardo provides an update on collaboration and partnerships for the company's AI chip, Akida.

Tech sector down 5.6% today: Aus shares lose 2.5% over week

04 Sep 2020 - The Australian share market plunged in early trade, dragged down by Aussie tech stocks and tracked sideways for most of the day to finish 3.1 per cent lower. Tech sto…

Tech stock sell off: Aus shares 2.7% lower at noon

04 Sep 2020 - Plunging Aussie tech stocks have dragged the ASX 200 2.7% lower this morning. This followed a sharp decline in US tech stock on Wall Street overnight. All of the sect…

Christine O'Reilly retires from Transurban (ASX:TCL) board

04 Sep 2020 - Transurban (ASX:TCL) non-executive director Christine O’Reilly will retire from the group’s board at the conclusion of the 2020 annual general meeting on 8 October 20…

Flinders Mines (ASX:FMS)/BBI Group joint venture to proceed

04 Sep 2020 - All of the conditions precedent have been fulfilled or waived for the Flinders Mines (ASX:FMS) farm-in incorporated joint venture with BBI Group Pty Ltd.

CountPlus (ASX:CUP) poised to call on CBAs (ASX:CBA) $300M indemnity

04 Sep 2020 - The Commonwealth Bank of Australia (ASX:CBA) has announced that one of its formerly owned subsidiaries, Count Financial, has been hit with a class action lawsuit in t…

Blair Woodbury no longer Sky (ASX:SKT) CFO

04 Sep 2020 - Blair Woodbury is vacating the position of Chief Financial Officer for Sky Network Television (ASX:SKT).

Profit taking pulls handbrake on bullish US tech rally: Aus shares to open lower

04 Sep 2020 - The Australian share market is set to open lower after US stocks retreated overnight as profit taking pulled a handbrake on the bullish US tech rally. US benchmark in…

Market wraps 0.9% lower: Down 0.6% over week

28 Aug 2020 - The ASX retreated during the first half of the session. It recovered some ground over the afternoon but left the run a little late finishing 0.9 per cent lower for th…

Tech stocks drag ASX lower: Aus shares down 0.9% at noon

28 Aug 2020 - After a marginal rise at the open, the ASX200 sunk throughout the morning and is trading 0.9 per cent lower at noon. Surprisingly, the Information Technology sector i…

Harvey Norman (ASX:HVN) profit up 19%

28 Aug 2020 - Harvey Norman (ASX:HVN) has announced a 19% rise in reported net profit after tax (and NCI) to around $481 million, bolstered by second half sales growth.

Autosports Group (ASX:ASG) records net loss after tax of $102.4M

28 Aug 2020 - Autosports Group (ASX:ASG) recorded statutory revenue of $1.7 billion, up 1 per cent year on year.

Shine Justice (ASX:SHJ) NPAT up 53.6% YoY

28 Aug 2020 - Shine Justice's (ASX:SHJ) net profit after tax rose 53.6% year on year to $21.55 million.

FlexiGroup (ASX:FXL) raising to finance humm BNPL rebrand

28 Aug 2020 - Diversified payment company, FlexiGroup (ASX:FXL) has raised $79 million after completing the institutional component of its 1 for 3.2 pro rata accelerated non-renoun…

Watershed policy shift for US Fed: Aus shares to open lower

28 Aug 2020 - The SPI futures are pointing to a 0.2% fall at the open following mixed results on Wall Street overnight. US Federal Reserve chairman Jerome Powell announced that the…

Suncorp Group (ASX:SUN) set to divest oil and gas: Aus shares down 0.3% over week

21 Aug 2020 - After a strong start, the ASX slumped mid-session and tracked sideways for most of the afternoon to finish the day 0.1 per cent lower. Suncorp (ASX:SUN) jumped over 1…

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