Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

Tech & Healthcare weigh on market: Aus shares tracking 0.4% lower

20 Apr 2021 - The ASX’s record-breaking form suffered a setback this morning, dipping in the opening hours of today’s trading session. The Australian tech sector mimicked its Wall …

Karoon Energy (ASX:KAR) selects Maersk Drilling to rehabilitate Bauna project

20 Apr 2021 - ASX-listed energy player Karoon Energy (ASX:KAR) has selected Danish-based rig operator Maersk Drilling to rehabilitate its Bauna oil field in Brazil’s Santos Basin r…

Woolworths (ASX:WOW) upgrades stake in Quantium

20 Apr 2021 - Supermarket operator Woolworths (ASX:WOW) has upgraded its stake from 50 per cent to 75 per cent in data analytics specialist Quantium.The company has splashed $223 m…

Rio Tinto (ASX:RIO) on target to supply iron ore

20 Apr 2021 - Rio Tinto (ASX:RIO) is projected to deliver on its iron ore commitments, despite the environmental challenges of Tropical Cyclone Seroja stagnating export activity fr…

Four straight weekly gains for ASX: Aus shares close 0.1% higher

16 Apr 2021 - The ASX staged a strong comeback after lunchtime to ascend back into the positive zone around 3pm. Despite slight fluctuation in the final hour of trade, green emerge…

Last cheers for Coca-cola Amatil (ASX:CCL) after 50 years on ASX

16 Apr 2021 - Iconic non-alcoholic beverage producer Coca-Cola Amatil (AX:CCL) is poised for a $9.8 billion takeover by UK-based Coca-Cola European Partners.

Origin Energy (ASX:ORG) loses pricing appeal against Beach Energy (ASX:BPT)

16 Apr 2021 - Power supplier Origin Energy (ASX:ORG) has lost its appeal against oil and gas explorer Beach Energy (ASX:BPT)’s pricing of gas and wholesale electricity.

Gold rally wrestles with energy losses: Aus shares tracking 0.3% lower at noon

16 Apr 2021 - The S&P/ASX 200 opened flat and zigzagged between the red and black in the morning trading session. Declines in banking heavyweights and energy producers put a strain…

Stocks of the Hour: Mayne Pharma, Rio Tinto, Monadelphous Group & Mineral Resources

16 Apr 2021 - A snapshot of the companies making headlines at 11am: Mayne Pharma (ASX:MYX) , Rio Tinto (ASX:RIO) , Monadelphous Group (ASX:MND) & Mineral Resources (ASX:MIN).

Mineral Resources (ASX:MIN) suffers from haulage delay

16 Apr 2021 - Western Australia- focused miner Mineral Resources (ASX:MIN) has suffered from logistical difficulty associated with coronavirus-induced border closures. The state’s …

Monadelphous (ASX:MND) secures settlement with RIO over WA fire

16 Apr 2021 - Rio Tinto (AX:RIO) has agreed to a confidential out-of-court settlement with Industrial engineering services provider Monadelphous Group (ASX:MND) over a $500 million…

Dow notches all-time high: ASX set to open higher

16 Apr 2021 - The ASX is set for a higher start, as a result of bullish performances of the benchmark indices on Wall Street overnight. The Dow Jones Industrial Average advanced by…

Mayne Pharma (ASX:MYX) receives FDA approval for contraceptive pill

16 Apr 2021 - Specialty pharmaceutical company Mayne Pharma (ASX:MYX) has successfully received approval from the US Food and Drug Administration (FDA) for its product NEXTSTELLIS.

Company News: Whitehaven Coal, Ampol, Alcidion & 92 Energy

15 Apr 2021 - A snapshot of company headlines this afternoon, featuring Alcidion (AX:ALC), Whitehaven Coal (AX:ALC), Ampol (ASX:ALD) & 92 Energy

92 Energy (ASX:92E) becomes decade's first pure-play uranium to list on ASX

15 Apr 2021 - Uranium explorer 92 Energy (ASX:92E) has become the first high-grade unconformity type uranium producer to float shares on the Australian sharemarket in 10 years.

Ampol (ASX:ALD)'s smooth sailing boosted by tailwinds from oil prices

15 Apr 2021 - Caltex Australia owner Ampol (ASX:ALD) is riding high on momentum from the company’s March quarter results. The positive results have coincided with a strong rally in…

Unprecedented flooding hampers Whitehaven Coal (ASX:WHC)'s FY21 guidance

15 Apr 2021 - Geological difficulties and rain damage have pressured Whitehaven Coal (ASX:WHC) to lower the company’s expectations for FY21 production, sales and unit costs.

Unemployment drops with 77,000 new jobs in March: Aus shares trading 0.1% lower

15 Apr 2021 - The Australian sharemarket started its trading day on a negative note, slipping away from yesterday’s 13-month high. The Australian Bureau of Statistics (ABS) has rev…

Alcidion (ASX:ALC) finalises terms for ExtraMed takeover

15 Apr 2021 - Healthcare informatics developer Alcidion (ASX:ALC) has ironed out terms for the proposed takeover of British health technology specialist ExtraMed.

Bank of Queensland (ASX:BOQ) restores regular dividend payment

15 Apr 2021 - Bank of Queensland (ASX:BOQ) has announced the company will restore its usual dividend payment on May 26 this year.

Qantas (ASX:QAN) confident in domestic air travel growth

15 Apr 2021 - Qantas (ASX:QAN) has upgraded its estimate of domestic capacity to beyond 90 per cent of its pre-pandemic aviation activity for the June Quarter of FY21.

ASX sets new post-pandemic record: Aus shares close 0.7% higher

14 Apr 2021 - The ASX200 has maintained momentum throughout the day, as the Australian stock market remained immune to US inflation figures and vaccine setbacks. The tech and minin…

Origin Energy (ASX:ORG) strikes deal with Port of Townsville

14 Apr 2021 - Origin Energy (ASX:ORG) has stepped up its eco-friendly hydrogen game by striking a preliminary agreement with the Port of Townsville in Queensland.

ANTG eyes access to $400m cannabis production facility

14 Apr 2021 - Medicinal cannabis grower Australian Natural Therapeutics Group (ANTG) has entered into the due diligence stage of joining forces with Canadian counterpart Asterion.T…

Consumer sentiment hits 11-year high: ASX tracking 0.6% higher

14 Apr 2021 - The Australian sharemarket opened higher this morning and re-entered the 7000s territory, driven by a strong rally in the tech sector and buy-now-pay-later stocks. St…

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