Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

Volt Resources (ASX:VRC) to make Ukraine acquisition following due dilligence

14 May 2021 - Mineral explorer and producer Volt Resources (ASX:VRC) is set to acquire a 70 per cent stake in the Ukraine-based Zavalievsky group of companies (ZG Group), following…

Stuart Gale's reign as Resolute Mining (ASX:RSG) CEO made permanent

14 May 2021 - Gold player Resolute Mining (ASX:RSG) has officialised Stuart Gale’s leadership position at the helm of the company as chief executive officer and managing director.

US tech recharge shakes off inflation fears: Aus shares to open higher

14 May 2021 - The ASX200 is tipped to open higher, on the back of rebounds by the Wall street benchmarks. Many US stocks were in the buy zone, as investors saw the previous steep d…

Crown (ASX:CWN) commits to cashless transactions at Sydney casino

13 May 2021 - Under-pressure casino operator Crown Resorts (ASX:CWN) has committed to cashless transactions in its Sydney casino operations, in a bid to improve the gaming giant’s …

Telstra (ASX:TLS) slapped with $50 million fine for misleading indigenous customers

13 May 2021 - Australia’s largest telecommunications company Telstra has been slapped with a $50 million fine for misleading conduct in sales activities with aboriginal customers a…

Pro Medicus (ASX:PME) inks 4th cloud-based medical imaging deal for $14m

13 May 2021 - Medical imaging specialist Pro Medicus (ASX:PME) has inked a $14 million deal with The University of Vermont Health Network Inc (UVM) through the company’s subsidiary…

Increased user base lifts Xero (ASX:XRO)'s profit by nearly 6 times

13 May 2021 - Cloud-based accounting platform Xero (ASX:XRO) has reported its net profit grew by almost 6 times to $18.4 million, according to the company’s FY21 results. The digit…

Airlines & travel stocks brace for Budget impact: ASX closes 0.7% lower

12 May 2021 - The Australian sharemarket continued to underwhelm after lunchtime, as sell-offs of utilities and energy stocks caused the ASX200 to enter a descent. Travel and aviat…

Qantas (ASX:QAN) loses altitude on extended border closures

12 May 2021 - National flag carrier Qantas was among airlines losing altitude on the market today, shedding 3.4 per cent to $4.50 by 2.30pm, following signals from last night’s Fed…

Online church donations bolster Pushpay (ASX:PPH)'s revenue growth

12 May 2021 - Donation system operator Pushpay (ASX:PPH) has released its FY21results, indicating a rise in net earnings of almost 100 per cent to $41.1 million for the full year p…

Stocks of the Hour: Commonwealth, Carsales & Evolution Mining

12 May 2021 - A snapshot of company news making headlines in the morning session, featuring Commonwealth (ASX:CBA), Carsales (ASX:CAR) & Evolution Mining (ASX:EVN).

Tech rebound defies global inflation jitters: ASX tracking 0.9% lower at noon

12 May 2021 - The Australian sharemarket extended yesterday’s retreat and dipped at the open, as the Australian benchmark index reacted to Wall Street’s inflation panic. Property, …

Evolution Mining (ASX:EVN) receives shareholder approval for Canadian acquisition

12 May 2021 - Gold player Evolution Mining (ASX:EVN) has received the the tick of approval from Battle North Gold’s shareholders to take over the Canadian-based mineral explorer. E…

Carsales.com (ASX:CAR) to raise $600m to finance US acquisition

12 May 2021 - Automotive e-commerce platform carsales.com is calling on institutional and retail investors to back its equity-raising campaign to generate $600 million to boost its…

Commonwealth Bank (ASX:CBA) doubles quarterly earnings YoY

12 May 2021 - Banking giant Commonwealth (ASX:CBA) has reported a twofold increase year on year to $2.4 billion in net cash earnings for the March Quarter of FY21, representing a 2…

Anxiety looms large before Federal Budget: ASX closes 1.1% lower

11 May 2021 - Australia’s benchmark index took a u-turn from yesterday’s record-breaking performance, even though the broader decline showed signs of easing in the afternoon sessio…

nib (ASX:NHF)'s redemption sways ACCC to drop charges

11 May 2021 - Australian health care fund nib Group (ASX:NIH) has successfully convinced business regulator the ACCC to drop charges against the company in the Federal Court, follo…

APN Property Group (ASX:APD)'s board recommends takeover by Dexus (ASX:DXS)

11 May 2021 - ASX-listed real estate player Dexus (ASX:DXS) has secured unanimous endorsement from APN Property Group (ASX:APD)’s management board to acquire the $201 million prope…

NAB (ASX:NAB) to enhance banking experience for "86 400" seconds a day

11 May 2021 - Banking giant NAB (ASX:NAB) has received the final green light from the Federal Court to proceed with the acquisition of smart bank 86 400.The acquisition is part of …

Tech stocks drift ASX away from record high: Aus shares trading 1.2% lower at noon

11 May 2021 - The ASX200 steeply retreated from yesterday’s record high in opening trade and cancelled most of the previous session’s gains. The broader tumble came on the back of …

Pendal Group (ASX:PDL) raises $190 million to fund US acquisition

11 May 2021 - Investment manager Pendal Group (ASX:PDL) has successfully raised $190 million from institutional investors. The $2.4 billion investor offered 27.9 million new shares…

Pilbara Minerals (ASX:PLS) teams up with Calix to develop mid-stream lithium chemicals refinery

11 May 2021 - Lithium player Pilbara Minerals (ASX:PLS) has agreed to join forces with with CO2-reduction technology developer Calix (ASX:CLX) to construct a lithium production fac…

ASX erases pandemic losses to break historic ground: Aus shares close 1.3% higher

10 May 2021 - The Australian sharemarket went from strength to strength after lunchtime and broke historic ground in the afternoon session, wrapping up trade with the most points e…

Stocks of the Hour: Crown, The Star, Woolworths & Pointsbet

10 May 2021 - A snapshot of stocks making headlines for the hour featuring Crown Resorts (ASX:CWN), Woolworths (ASX:WOW) & PointsBet Holdings (ASX:PBH).

Nickel Mines (ASX:NIC)'s MD hospitalised after traffic accident

10 May 2021 - Nickel pig iron producer Nickel Mines (ASX:NIC) has reported that the company’s managing director Justin Werner suffered an injury in a traffic accident and was admit…

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