Finance News Network

News by Katrina Bullock

Katrina Bullock

Finance News Network

Suncorp rallies 8.9% on NPAT jump: Aus shares flat at noon

21 Aug 2020 - The Australian share market opened higher following positive leads from US equity markets and is now tracking flat at noon. Most of the sectors are in the green, with…

Westpac (ASX:WBC) to divest vendor finance business

21 Aug 2020 - Westpac Banking Corporation (ASX:WBC) has sold its vendor finance business, Strategic Alliances, to Angle Finance.

Redbubble Group (ASX:RBL) posts first EBITDA profit since its IPO

21 Aug 2020 - Redbubble Group’s (ASX:RBL) gross profit rose 42 per cent to $134 million for the year ended 30 June 2020.

a2 Milk (ASX:A2M) lobs NZ$270M offer for NZ facility

21 Aug 2020 - The a2 Milk Company is engaged in exclusive discussions with nutrition dairy business, Mataura Valley Milk with a view to participating in manufacturing at the facili…

Suncorp Group (ASX:SUN) NPAT up 422% YoY

21 Aug 2020 - Suncorp Group net profit after tax was up around 422% year on year to $913 million.

DigitalX (ASX:DCC) - blockchain and digital asset management specialist

21 Aug 2020 - DigitalX Limited (ASX:DCC) Executive Director Leigh Travers provides an update on the company's strategy, its focus on blockchain consulting and development for the e…

US tech rally bolsters ASX: Aus shares set to rise

21 Aug 2020 - The Australian share market looks set to shake off weak US jobs data to rise at the open, boosted by strong performances from US tech stocks. Figures released overnig…

Mesoblast (ASX:MSB) boosts tech sector: Aus shares almost 2% higher over week

14 Aug 2020 - The market finished strong today closing 0.6% higher, with most of the sectors capping gains. Information technology rose 4.2%, thanks to an outstanding performance f…

RBA says responsible lending dented credit growth: Aus shares 0.5% higher

14 Aug 2020 - The Australian share market opened higher following mixed leads from international markets and is tracking 0.5 per cent higher mid-session. Most of the sectors are in…

Iluka Resources (ASX:ILU) NPAT drops 17% in second half

14 Aug 2020 - Iluka Resources (ASX:ILU) today announced its 2020 half year results for the period ended 30 June 2020.

Baby Bunting Group (ASX:BBN) EBITDA rises 24.1%

14 Aug 2020 - Baby Bunting Group's (ASX:BBN) full year statutory NPAT fell 14% to $10 million compared to the PCP.

Fletcher Building (ASX:FBU) appoints Nick Traber as Chief Executive

14 Aug 2020 - Fletcher Building (ASX:FBU) today announced the appointment of Nick Traber as Chief Executive of its Concrete division.

ikeGPS Group (ASX:IKE) completes retail entitlement offer

14 Aug 2020 - Mobile measurement solution company, ikeGPS Group (ASX:IKE) has confirmed the successful completion of the retail component of its fully underwritten 1 for 7 accelera…

Mostly negative international leads: Aus shares to open slightly lower

14 Aug 2020 - Australian shares are poised to slide at the open after mostly lower results on Wall Street and negative leads from European markets. Reporting Season is well underwa…

RBA pessimism infects market: Aus shares rise 1.3% over week

07 Aug 2020 - The ASX dropped in early trade and tracked sideways for most of the afternoon despite gains on Wall Street overnight and strong prices for gold and iron ore. The Rese…

Banking sector response to COVID-19 and the new banking code

07 Aug 2020 - Australian Banking Association CEO, Anna Bligh discusses how the banking sector is responding to COVID-19 and what customers can expect from the new banking code.

4DMedical (ASX:4DX) IPO soars: Aus shares 0.4% lower at noon

07 Aug 2020 - The Australian share market is down 0.4 per cent this morning after the Reserve Bank of Australia downgraded its forecasts for global GDP and Australian employment. C…

Link Group (ASX:LNK) appoints Vivek Bhatia as MD & CEO

07 Aug 2020 - The board of administration outsourcing company, Link Administration Holdings (ASX:LNK) has appointed Vivek Bhatia to succeed John McMurtrie, as Managing Director of …

BHG set to acquire Village Roadshow (ASX:VRL)

07 Aug 2020 - Village Roadshow (ASX:VRL) has finally entered into a deal with BGH Capital which will see the private equity firm acquire the theme park and cinema operator at a pri…

REA Group (ASX:REA) reports 5% drop in earnings

07 Aug 2020 - Online real estate classifieds company REA Group (ASX:REA) reported a 5 per cent drop in earnings (EBITDA) year on year to $492.1 million for the year ended 30 June 2…

Government lends a helping hand to Ardent's (ASX:ALG) theme parks

07 Aug 2020 - Ardent Leisure Group (ASX:ALG) has received financial assistance for its Theme Parks division under the Queensland Government’s Covid 19 Industry Support Package and …

US markets rally on stimulus deal optimism: Aus shares to open lower

07 Aug 2020 - Australian shares are poised for modest losses at the open following an advance on Wall Street, fuelled by optimism that officials will reach agreement on a fresh eco…

Centuria Office REIT (ASX:COF) financial year 2020 results & outlook

05 Aug 2020 - Centuria Office REIT (ASX:COF) Fund Manager Grant Nichols talks full year 2020 results, portfolio metrics and guidance.

Tribeca Investment Partners talks Covid-19 opportunities

04 Aug 2020 - Tribeca Investment Partners Managing Director and CEO David Aylward talks about the recently launched Tribeca Partners Fund and its focus on investing in companies th…

Mining stocks weigh on market: Aus market closes 1.6% lower over week

31 Jul 2020 - The Australian share market opened on shaky ground today following sour economic news in the US. The US Commerce Department announced overnight that US GDP dropped by…

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