Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

Mixed performances by blue-chips: ASX closes 0.04% lower over the week

23 Apr 2021 - The Australian sharemarket descended after lunchtime and made a last-hour U-turn to close 0.1 per cent higher, wrapping up the week almost where it left off last Frid…

Bingo Industries (ASX:BIN) buyout yet to be finalised

23 Apr 2021 - Waste management and recycling business Bingo Industries (ASX:BIN) has confirmed that negotiations for a 2.6 billion buyout by CPE Capital and Macquarie are still not…

Excess inventory cancels Kogan (ASX:KGN)'s pandemic gains

23 Apr 2021 - Online trading platform Kogan (ASX:KGN) reported a 24 per cent fall in adjusted earnings due to excess inventory, in the company’s March quarter update.

Telcos and REITs keep ASX above 7000: Aus shares trading 0.1% lower

23 Apr 2021 - The Australian sharemarket fell in opening trade and fluctuated between the red and black zones this morning. Declines in mining heavyweights compounded the pressure …

Stocks of the Hour: AMP, TPG & Accent Group

23 Apr 2021 - A snapshot of companies making headlines for the hour, featuring AMP (ASX:AMP), Accent Group (ASX:AX1) & TPG Telecom (ASX:TPG)

TPG (ASX:TPG) secures access to new super-fast 5G frequencies

23 Apr 2021 - Australia’s second largest internet services provider TPG Telecom (ASX:TPG) has secured its access to the super-fast 5G millimetre wave spectrum for $108.2 million in…

Glue to boost Accent Group (ASX:AX1)'s expansion into youth & lifestyle fashion

23 Apr 2021 - Owner of 500 retail stores Accent Group (ASX:AX1) will expand its distribution network, following the acquisition of Glue Store and other exclusive fashion brands und…

AMP (ASX:AMP) takeover deal falls through

23 Apr 2021 - Financial services giant AMP (ASX:AMP) has broken talks with LA-based investment manager Ares (NYSE:ARES) over a takeover deal, as the two parties failed to reach a c…

US Tax hike fears undermine upbeat data: Aus shares to open lower

23 Apr 2021 - Australian shares are tipped to open lower, following pessimistic sentiment from the US in response to multiple reports that President Joe Biden is set to raise taxes…

Macquarie's new bid heats up race for Vitalharvest (ASX:CTH)

22 Apr 2021 - The bidding war for berry and citrus farms landlord Vitalharvest Freehold Trust (ASX:CTH) continues to heat up, following Macquarie Agricultural Funds Management’s la…

Trade tensions and border closures hamper Blackmores' (ASX:BKL) sales

22 Apr 2021 - Health supplements brand Blackmores (ASX:BKL) has forecasted a weaker sales performance due to a downturn in demand for its products into the next fiscal year. The Sy…

Regis Resources (ASX:RRL) receives go-ahead to purchase Tropicana gold mine interest

22 Apr 2021 - Gold miner Regis Resources (ASX:RRL) has received the go-head from Tropicana gold mine joint-owner AngloGold Ashanti (ASX:AGG) to purchase IGO’s 30 per cent interest …

Splitit (ASX:SPT) initiates new payment service for US merchants

22 Apr 2021 - Payment solutions innovator Splitit (ASX:SPT) has announced the launch of a new instalments payment service named Plus for the US merchant market.

OZ Minerals (ASX:OZL) on track to meet FY21 production guidance

22 Apr 2021 - Adelaide-based OZ Minerals (ASX:OZL) has reported a surge in the copper and gold divisions’ productivity in the mining player’s latest financial update. The newly rel…

Health and Utilities form resistance front: Aus shares close 0.3 per cent lower

21 Apr 2021 - The Australian sharemarket began to claw back losses after midday, as falls decelerated and erased fears of a two-month low. Health and utilities formed a resistance …

Centuria Office REIT (ASX:COF) buoyed by upturn in leasing activity

21 April 2021 - Office property landlord Centuria Office REIT (ASX:COF) has presented an optimistic outlook, based on data about leasing performances in the March Quarter.

Nuix (ASX:NXL) on track for second worst trading day

21 Apr 2021 - Data science specialist Nuix (ASX:NXL) was tracking as the worst performer at midday, with the company’s shares hitting the lowest point since Nuix’s listing on the A…

Red theme across Asia-Pacific region: Aus shares trading 1.45% lower

21 Apr 2021 - The Australian sharemarket extended its bearish form from yesterday and submerged below the 7000-mark by Midday. All sectors have sunk into a sea of red, with Energy …

Stocks of the Hour: BHP, Santos, Rio Tinto & Ardent Leisure

21 Apr 2021 - A snapshot of the top news for the hour featuring BHP, Santos, Rio Tinto & Ardent Leisure.

BHP (ASX:BHP) notches 9-month high in iron ore output

21 Apr 2021 - The world’s second biggest miner by revenue BHP (ASX:BHP) is capitalising on momentum from record-breaking iron ore prices and under-performances by rivals, propellin…

Santos (ASX:STO) secures supply deal extension with Rio

21 Apr 2021 - Energy heavyweight Santos (ASX:STO) has successfully extended its supply partnership with mining giant Rio Tinto (ASX:RIO).

Brisbane lockdown deals blow to Ardent Leisure (ASX:ALG)

21 Apr 2021 - The recent lockdown in Greater Brisbane has taken a heavy toll on Ardent Leisure Group (ASX:ALG)’s revenue from theme parks. COVID-19 infections prompted the Queensla…

ASX snaps post-pandemic streak of highs: Aus shares trading 0.7% lower

20 Apr 2021 - The Australian sharemarket continued its bullish trend in the afternoon session, disrupting its streak of record-breaking performances in the post-pandemic period. Lo…

Little Green Pharma (ASX:LGP) seals Scandinavian deal

20 Apr 2021 - Western Australia-based medical cannabis grower Little Green Pharma (ASX:LGP) has sealed a supply deal and stamp a foothold in the Scandinavian health and recreationa…

Afterpay (ASX:APT) sets sights on Wall Street listing

20 Apr 2021 - Buy now pay later specialist Afterpay (ASX:APT) has expressed an interest in listing on Wall Street, in light of its shareholder base expanding globally and beyond do…

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