Finance News Network

News by Melissa Darmawan

Melissa Darmawan

Lendlease (ASX:LLC) downgrades FY21 earnings on Covid-19 pandemic blues

01 Jul 2021 - Global infrastructure company Lendlease (ASX:LLC) has issued a lowered profit update for financial year 2021 of $375 million to $410 million due to the looming effect…

SEEK (ASX:SEK) appoints Ian Narev as CEO

01 Jul 2021 - Employment marketplace provider SEEK (ASX:SEK) appoints Ian Narev as chief executive officer.

Worley (ASX:WOR) wins 10-year deal from Energy Pacific

01 Jul 2021 - Global engineering provider Worley (ASX:WOR) has been awarded two operations and maintenance services contracts for a portfolio of its wind farms in Victoria by a sub…

REA Group's (ASX:AEA) completes takeover with Mortgage Choice

01 Jul 2021 - Global online real estate advertising company REA Group (ASX:REA) has completed their acquisition of Mortgage Choice Limited REA Group.

IPH Limited (ASX:IPH) spends $5 mil to buy Applied Marks

01 Jul 2021 - Intellectual property services provider IPH Limited (ASX:IPH) adds online automated trademark platform Applied Marks for $5 million, with a further $2.1 million subje…

Adbri Limited (ASX:ABC) inks deal to buy Milbrae concrete business

01 Jul 2021 - Adelaide based cementer Adbri Limited (ASX:ABC) has inked a deal to purchase the Milbrae concrete and aggregate business under their Mawsons joint venture name, thoug…

Auckland Airport (ASX:AIA) says uncertainty lies ahead

01 Jul 2021 - New Zealand’s largest and busiest airline hub Auckland Airport (ASX:AIA) is maintaining its prudent approach to financial management while it prepares for internation…

Abacus (ASX:ABP) grabs 1/3 of Myer Melbourne

01 Jul 2021 - Property manager Abacus (ASX:ABP) has exchanged contracts to acquire a one third interest in “Myer Melbourne” in Victoria for $135.2 million while Charter Hall and Vi…

Charter Hall REIT (ASX:CLW) set to splurge $267 million on property spree

01 Jul 2021 - Aussie REIT’s manager Charter Hall Long WALE REIT (ASX:CLW) is set to acquire three and upgrades its 2022 financial year earnings forecast.

Wall St mixed as microchips shine, Why a kick-down in Collins Foods' rating: ASX to fall

01 Jul 2021 - In this report, I cover Wall St's mixed performance as US shares closed off the first half of 2021. Microchips take the spotlight in recent times and why. A wrap-up o…

S&P 500, Nasdaq ticks up on tech rally, Why Metcash is a buy: ASX to rise

30 Jun 2021 - In this report, I cover Wall St's performance on the back of two pieces of economic data. Semiconductor stocks helped the Technology rally. A wrap-up of yesterday's s…

Tech gains boost Nasdaq, S&P to new highs, Why Kogan is a buy: ASX to edge lower

29 Jun 2021 - In this report, I cover Wall St's mixed performance as investors rotate out of value stocks to growth names. A wrap up of yesterday's performance on the local bourse.…

S&P 500 notches best week since Feb, Why South32 is a buy: ASX to edge higher

28 Jun 2021 - In this report, I cover Wall St's performance following the US banks' clearance on the Fed's stress test. The best and and worst performers over the week on the local…

CSL & energy stocks fall while Afterpay soars, Why Stockland is a buy: ASX closes 0.32% lower

24 Jun 2021 - The ASX fell for its second straight session as banks and energy stocks pressured the market while technology stocks rose. The local bourse saw a widespread decline w…

SG Fleet (ASX:SGF) receives green light on acquisition of Leaseplan

24 Jun 2021 - The foreign investment review board have given their thumbs up to the proposed acquisition of LeasePlan Australia by SG Fleet (ASX:SGF).

Catapult Group (ASX:CAT) completes $35m institutional raising

24 Jun 2021 - Catapult Group (ASX:CAT) has completed a $35 million underwritten institutional placement of new shares at $1.90 each which comes at a discount of 12.8 per cent to it…

Stocks of the Hour: Westpac, Cimic Group & Vocus

24 Jun 2021 - A snapshot of the news that broke today, featuring Westpac (ASX:WBC), Cimic Group (ASX:CMC) and Vocus (ASX:VOC).

AFP raid Nuix's (ASX:NXL) Sydney HQ

24 Jun 2021 - Software company Nuix (ASX:NXL) has revealed to market that a search warrant was executed in their Sydney office as authorities seek documents for an investigation to…

Vocus'(ASX:VOC) is set to see its final days on the ASX

24 Jun 2021 - Telco services provider Vocus (ASX:VOC) has received a tick of approval from the NSW Supreme Court for the takeover by a consortium comprising of Macquarie Infrastruc…

Tech leads, Afterpay jumps 6.9%, Why ProMedicus is a sell: ASX tracking 0.25% lower

24 Jun 2021 - The ASX has been in negative territory this morning extending its decline for the second day with Technology, Consumer Staples and Materials in the black amid the wid…

Westpac (ASX:WBC) clears air & scraps New Zealand demerger

24 Jun 2021 - Westpac (ASX:WBC) clears the air after announcing to investors that they will not spin off its New Zealand business. This comes after Australia’s oldest bank announce…

Wall St closes mixed as calm returns, Why Adairs is a hold: ASX to dip

24 Jun 2021 - In this report, I cover Wall St's mixed performance as investors took a breather amid surprising economic news. A wrap up of yesterday's local bourse which chased tec…

Powell says 1970s-style inflation is unlikely, Why Sonic Healthcare is a hold: ASX to dip

23 Jun 2021 - In this report I cover Wall St's performance following Federal Reserve Chairman Jerome Powell's testimony to the House Select Subcommittee, a wrap up of yesterday’s l…

Wall St snaps back on energy & banks, Why Rio is a sell: ASX to rise

22 Jun 2021 - In this report I cover Wall St's performance and a recap of the Fed's movements in the past week to give you a sense of its snap back. Yesterday the local bourse slum…

Taper-talk tumbles Wall St, Why Zip Co is bullish: ASX to fall

21 Jun 2021 - In this report, I cover Wall St's performance on Friday while touching on their weekly performance following US Fed Reserve James Bullard's inflation comment during h…

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