Finance News Network

News by Katrina Bullock

Katrina Bullock

Finance News Network

Telstra (ASX:TLS) to write down Foxtel by $300M

08 May 2020 - Telstra (ASX:TLS) has signalled that it expects a $300 million impairment in its FY20 results due to its 35 per cent stake in Foxtel.

AMP (ASX:AMP) to retain NZ wealth management business

08 May 2020 - Financial service provider, AMP (ASX:AMP) has ceased its plans to divest its New Zealand wealth management business.

Dicker Data (ASX:DDR) completes $50M placement

08 May 2020 - Infotech product distributor, Dicker Data (ASX:DDR) has successfully completed its $50 million institutional placement.

Vodafone (ASX:HTA)/ TPG (ASX:TPM) merger receives FIRB approval: Aus shares to open higher

08 May 2020 - Following positive leads from US markets, the Australian share market looks set to open higher. Australia’s national cabinet will meet today to discuss a timetable fo…

Treasury (ASX:TWE) faces another class action: Aus market sheds 5.01%

01 May 2020 - Negative sentiment from US markets flowed through the Australian market today. It opened in in the red and saw a steady decline throughout the day, finishing 5% lower…

Acorn Capital microcap and emerging company specialist

01 May 2020 - Acorn Capital, Head of Portfolio Implementation and Portfolio manager (Healthcare and Biotechnology sectors) Paul Palumbo looks the microcap sector and the recent mar…

Ingenia raises $150 million (ASX:INA): Aus shares 3.9% lower at noon

01 May 2020 - The Australian share market opened lower following negative economic headwinds from the US and has continued to track lower in the first 2 hours of trade. All of the …

Sandfire Resources (ASX:SFR) to snap up Namibian exploration properties

01 May 2020 - A subsidiary of Sandfire Resources (ASX:SFR) has executed a binding agreement to snap up the Namibian exploration properties of ASX listed copper and silver prospecto…

South32 Group Operations (ASX:S32) awards 10 year contract to Alliance Aviation Services (ASX:AQZ)

01 May 2020 - South32 Group Operations (ASX:S32) has extended its airline services contract with Alliance Aviation Services (ASX:AQZ) for a further ten year (2020 to 2030).

Origin Energy (ASX:ORG) inks strategic partnership with Octopus Energy

01 May 2020 - Origin Energy (ASX:ORG) has established a strategic partnership with UK retailer Octopus Energy.

Reliance Worldwide Corporation (ASX:RWC) to scale back Australian operations

01 May 2020 - Industrials heavyweight Reliance Worldwide Corporation (ASX:RWC) has announced that due to the impact of covid-19 the board has decided to scale back manufacturing op…

Wall Street sell off: Aus shares to open lower

01 May 2020 - Following weak leads from US markets, the Australian share market looks set to open lower. US consumer spending plunged by a record 7.5 per cent in March and another …

Aus Tin Mining (ASX:ANW) farm-in agreement for Lachlan Fold Belt

27 Apr 2020 - Aus Tin Mining (ASX:ANW) CEO, Peter Williams talks farm-in agreement for exploration licences prospective for copper and gold in the Lachlan Fold Belt and proposal t…

Aerometrex (ASX:AMX) set to acquire Spookfish Australia: Aus shares lose 4.7% over week

24 Apr 2020 - A late session slump threatened to wipe out today’s gains, however the market managed to edge its way higher over the last 2 hours of trade, to finish the day 0.5 per…

Credit Suisse downgrades JB Hi-Fi (ASX:JBH): Aus shares 0.3% higher at noon

24 Apr 2020 - The Australian share market opened flat following mixed leads from international markets. It has built momentum over the morning and is tracking 0.3 per cent higher a…

Market set to defy negative economic data: Aus shares to open higher

24 Apr 2020 - The SPI Futures are pointing to a rise at the open for the Australian share market, despite a raft of negative international economic data overnight. It is pointing t…

China's economy contracts: Aus shares close 1.3% higher

17 Apr 2020 - It has been a strong finish to the week for the Australian share market, closing 1.3 % higher today. Every sector made gains except Consumer Staples. Industrials led …

REITs leads the charge: Aus shares 2.4% higher at noon

17 Apr 2020 - The Australian share market opened higher following mixed leads from Wall Street and is now tracking 2.4% higher at noon. The board and senior leadership team of Scen…

Vista Group International (ASX:VGL) completes NZ$25 million placement

17 Apr 2020 - Vista Group International (ASX:VGL) has successfully completed both its NZ$25 million placement and the institutional entitlement offer component of its 1 for 4.37 pr…

Coca-Cola Amatil (ASX:CCL) trading update

17 Apr 2020 - Coca-Cola Amatil (ASX:CCL) has released a trading update on the group’s performance for the first quarter of 2020.

Telstra (ASX:TLS) announces 500 euro million bond

17 Apr 2020 - Telstra (ASX:TLS) has announced a €500 million bond. The notes are expected to be issued on 23 April 2020 and will have a 10-year maturity.

Bapcor (ASX:BAP) completes successful $180 million placement

17 Apr 2020 - Bapcor (ASX:BAP) has successfully completed its $180 million institutional placement. Under the placement the company will issue around 40.9 million new fully paid or…

US unemployment reaches record high: ASX set to open higher

17 Apr 2020 - The Australian share market is expected to open higher this morning despite a seesaw session on Wall Street overnight and the released of fresh record unemployment da…

RBA reaffirms targets: Aus shares close 0.7% lower

07 Apr 2020 - After a strong start in early trade, the ASX200 slumped mid-morning on the ABS’s announcement that the February trade balance had fallen to around $4.4 billion. It co…

Strong start stunted by trade data: Aus shares 0.1% higher at noon

07 Apr 2020 - The Australian share market rose at the open following positive leads from Wall Street. The S&P/ASX 200 index is tracking 0.1 per cent or 8 points higher at 5,294. Th…

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