Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

ASIC accuses Westpac (ASX:WBC) of insider trading

05 May 2021 - Westpac (ASX:WBC) has confirmed awareness of legal action against the corporation by the Australian Securities and Investments Commission on account of alleged inside…

ANZ (ASX:ANZ) doubles dividend on profit hike

05 May 2021 - Big-four bank ANZ (ASX:ANZ) has decided to double its interim dividend from last year’s rate to 70 cents per share, buoyed by increased cash profits and favourable ec…

Upbeat economic guidance reinforces materials: Aus shares close 0.6% higher

04 May 2021 - The Australian sharemarket’s rally gained strength in the afternoon session from positive sentiment around the RBA’s supportive monetary stance and upbeat economic gu…

Stocks of the Hour: Telstra, nib Holdings, SEEK & ME Bank

04 May 2021 - Our recap of the top news for the hour featuring Telstra Corporation (ASX:TLS), nib Holdings (ASX:NHF), SEEK (ASX:SEK) & Bank of Queensland (ASX:BOQ).

Treasury Wine Estates (ASX:TWE) upgrades distribution partnership with RNDC

04 May 2021 - ASX-listed winemaker Treasury Wine Estates (ASX:TWE) has stepped up its collaboration with US heavyweight distribution partner Republic National Distributing Company …

ME Bank criticised by banking watchdog

04 May 2021 - The Banking Code Compliance Committee (BCCC) has highlighted ME Bank (Members Equity Bank) as a violator of the banking code of conduct.

IT & miners decelerate mining advance: Aus shares tracking 0.2% higher at noon

04 May 2021 - The ASX200 advanced after the opening bell, driven by a mining charge. Giant miners Rio Tinto (ASX:RIO) and BHP (ASX:BHP) continued to gain ground in the morning sess…

SEEK (ASX:SEK) upgrades revenue guidance, rewards shareholders with bonus dividend

04 May 2021 - Recruitment platform SEEK (ASX:SEK) has decided to reward investors with a windfall dividend, utilising the funds generated from its sell down of Chinese counterpart …

nib (ASX:NHF) finalises sale of Whitecoat to CBA

04 May 2021 - Financial giant Commonwealth Bank (ASX:CBA) has finalised the transaction for online healthcare directory Whitecoat from health care fund nib Holdings (ASX:NHF).

Telstra (ASX:TLS) served $1.5m fine for porting failure

04 May 2021 - Australia’s largest holder of telecommunications market share Telstra Corporation (ASX:TLS) has been served a $1.5 million penalty for depriving around 42,000 landlin…

Materials & IT push back banking charge: ASX closes flat

03 May 2021 - The broad market rally lost steam and decelerated after lunchtime. The ASX even momentarily descended into negative territory after 2pm and climbed back up to the gre…

Stocks of the Hour: Seven West Media, Ingenia & Namoi

03 May 2021 - A snapshot of companies making headlines in the afternoon session, featuring Seven West Media, Ingenia & Namoi.

Ingenia (ASX:INA) on $40m shopping spree for QLD assets

03 May 2021 - Retirement & lifestyle property developer Ingenia Communities (ASX:INA) has spent $40 million on its shopping spree for assets in Queensland.

Seven West Media (ASX:SWM) seals content distribution deals with Google & Facebook

03 May 2021 - Australia's largest diversified media corporation Seven West Media (ASX:SWM) has secured content distribution deals with digital conglomerate Google and social networ…

Westpac leads defiance against Wall Street falls: ASX tracking 0.2% higher at noon

03 May 2021 - The Australian sharemarket lifted in opening trade, bouncing back from Friday’s lows and defying weak leads from Wall Street. Gains in the banking sector is powering …

Stocks of the Hour: Premier Investments, Worley & Novatti

03 May 2021 - A snapshot of companies making headlines for the hour, featuring Premier Investments (ASX:PMV), Worley (ASX:WOR) & Novatti Group (ASX:NOV)

Worley (ASX:WOR) snaps up Sweden & US deals

3 May 2021 - Engineering solutions company Worley (ASX:WOR) has successfully snapped up two new deals in Sweden and the US.

Namoi (ASX:NAM) raising $12.2m from institutional & existing investors

3 May 2021 - Cotton processing business Namoi (ASX:NAM) is looking to raise up to $12.2 million from institutional investors and the company’s current shareholders.

Premier (AX:PMV) takes U-turn on keeping Jobkeeper funds

3 May 2021 - Fashion retail giant Premier Investments (ASX:PMV) has reversed its plan to retain $15.6 million from the JobKeeper scheme, following strong sales performance.

Utilities & industrials escape red deluge: ASX closes 0.8% lower

30 Apr 2021 - Australia’s benchmark index extended its underwhelming form throughout the afternoon, wrapping up the last trading session of April in negative fashion. The downward …

AMP (ASX:AMP) marginally escapes spill vote

30 Apr 2021 - 170-year-old wealth manager AMP (ASX:AMP) has successfully prevented a spill vote by only a narrow margin, as the new renumeration report received an approval rate of…

Red dominates most sectors: Aus shares trading 0.6% lower at noon

30 Apr 2021 - The ASX200 dipped at the open and retreated from yesterday’s post-pandemic high. Red was the dominant colour across most sectors, as miners, bankers, medical develope…

Stocks of the Hour: Origin Energy, Mesoblast, Santos & SkyCity

30 Apr 2021 - A snapshot of the top company news for the hour featuring Origin Energy (ASX:ORG), Mesoblast (ASX:MSB), Santos (ASX:STO) & SkyCity (ASX:SKC).

SkyCity (ASX:SKC) to raise $163m via bond offer

30 Apr 2021 - Gambling and gaming company SkyCity Entertainment Group (ASX:SKC) is looking to raise up to $163 million in an effort to overcome pandemic-related challenges.

Santos downgrades stake in Timor Sea and Darwin assets for $500m

30 Apr 2021 - Australia’s second largest oil and gas producer Santos (ASX:STO) has successfully snapped up $501 million by offloading 25 per cent stake in BayuUndan and Darwin LNG.…

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