Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

Mesoblast (ASX:MSB) anti-inflammatory treatment reduces coronavirus-induced mortality

30 Apr 2021 - Regenerative medicine developer Mesoblast (ASX:MSB) has recently released results from a 60-day trial involving Coronavirus-infected patients, indicating its stem cel…

ASX to ignore US earnings and upbeat economic data: Aus shares to open lower

30 Apr 2021 - The Australian sharemarket is slated to open on a weak note, bucking the bullish trend on Wall Street due to investors’ doubts over the longevity of stateside compani…

Origin Energy (ASX:ORG)'s Q3 revenue contradicts production volumes

30 Apr 2021 - Power supplier Origin Energy (ASX:ORG) has reported a 4 per cent decline to 65.4 petajoules in integrated gas production in the first 3 months of 2021, as compared to…

Fortescue (ASX:FMG) projected to break annual record for exported iron ore

29 Apr 2021 - Mining giant Fortescue Metals Group (ASX:FMG) is projected to reset its record for the yearly volume of exported iron ore, capitalising on the industry’s momentum fro…

Heated takeover race shoots up McPherson's (ASX:MCP) shares

29 Apr 2021 - The race for ownership of ASX-listed health, wellness and beauty products distributor McPherson’s (ASX:MCP) has intensified, as a new bid by Arrotex has toppled unlis…

Infratil (ASX:IFT) to splurge $326m on NZ medical imaging business

29 Apr 2021 - Infrastructure investment heavyweight Infratil (ASX:IFT) is splurging over $326 million on a majority interest in diagnostic services provider Pacific Radiology.

Woolworths (ASX:WOW) withdraws Dan Murphy development project

29 Apr 2021 - Australia’s biggest grocery distribution chain Woolworths (ASX:WOW) has announced its withdrawal of a Dan Murphy Store construction project in Darwin.

NRW Holdings (ASX:NWH) snaps up $135m deal in WA

29 Apr 2021 - Infrastructure firm NRW Holdings (ASX:NWH) has confirmed that its mineral processing specialist Primero Group has inked a $135 million deal to provide services to ASX…

Weak inflation eclipses employment falls: Aus shares close 0.4% higher

28 Apr 2021 - The Australian benchmark index continued to build on momentum from weak inflation stats after midday. The ABS’ consumer price index signaled a below-consensus increas…

CIMIC (ASX:CIM) to snap up $100m worth of construction deals

28 Apr 2021 - ASX-listed infrastructure developer CIMIC Group (ASX:CIM) is set to snap up $100 million worth of construction deals in Singapore and Western Australia.

Stocks of the Hour: Suncorp, Westpac & JB Hi-Fi

28 Apr 2021 - A snapshot of the top stock news for the hour, featuring Suncorp Group (ASX:SUN), Westpac (ASX:WBC) & JB Hi-Fi (ASX:JBH)

Outgoing chief executive drives JB Hifi (ASX:JBH)'s shares downwards

28 Apr 2021 - JB Hifi (ASX:JBH)’s CEO Richard Murray is set to depart for fashion & lifestyle conglomerate Premier Investments (ASX:PMV), after 18 years at the distributor of digit…

Optimistic inflation data lifts market: Aus shares trading 0.5% higher at noon

28 Apr 2021 - The Australian sharemarket opened on a high note and seesawed in positive territory, as the mining sector’s losses and banks’ surges battled it out for dominance over…

AFT Pharmaceuticals seals (ASX:AFP) $18.8m US licensing deal

28 Apr 2021 - Australasian pharmaceutical distributor and developer AFT (ASX:AFP) has secured an $US18.8 million licensing and commercialisation contract with London-listed Hikma’s…

Westpac (ASX:WBC) settles life-insurance dispute for $30m

28 Apr 2021 - Westpac has reached an out-of-court settlement agreement worth $30 million, with the company’s life insurance customers represented by Shine Lawyers.

Suncorp (ASX:SUN) to sell wealth division for $45m

28 Apr 2021 - LGIAsuper is set to acquire the Australian Wealth division of Brisbane-based financier Suncorp Group (ASX:SUN) for $45 million. The takeover will enable LIGAsuper’s a…

Buy now pay later retreats lead IT decline: Aus shares close 0.17% lower

27 Apr 2021 - The Australian sharemarket spent the afternoon session in the red zone, hitting the brakes on losses after midday to close 0.17 per cent lower. The tech sector underw…

Tinybeans (ASX:TNY) expands into pet photos market

27 Apr 2021 - Family photo-sharing app developer Tinybeans Group (ASX:TNY) is planning an expansion from its traditional children photos platform into the emerging pet photo market…

Crown (ASX:CWN) granted liquor license renewals

27 Apr 2021 - Scandal-hit casino operator Crown Resorts (ASX:CWN) has successfully extended three interim liquor licenses for its alcohol-serving hospitality venues at the company’…

Stocks of the Hour: Cleanaway, Bingo and Tabcorp

27 Apr 2021 - A snapshot of top company news for the hour, featuring Cleanaway (ASX:CWY), Bingo (ASX:BIN) and Tabcorp (ASX:TAH).

Decade-high iron ore price deccelerates losses: Aus shares trading 0.6% lower

27 Apr 2021 - Australian shares dipped in opening trade, as losses in the banking sector and supermarket giants Coles (ASX:COL) and Woolworths (ASX:WOW) weighed down the market. Ir…

Tabcorp (ASX:TAH) receives $3.5 billion offer from British rival

27 Apr 2021 - International sports betting and gambling company Entain has upgraded its offer for Australia’s largest wagering and lottery firm Tabcorp (ASX:TAH)’s bookmaking and m…

Macquarie finalises buyout deal with Bingo (ASX:BIN)

27 Apr 2021 - Macquarie Infrastructure and Real Assets (MIRA) has reached a 2.3 billion buyout agreement for waste solutions firm Bingo Industries (ASX:BIN), according to an ASX an…

Cleanaway (ASX:CWY) readies finances to acquire $501m waste assets

27 Apr 2021 - Cleanaway Waste Management (ASX:CWY) has attained the necessary debt facilities to fund the acquisition of French waste solutions company Suez’s assets in Sydney, acc…

Theta Gold Mines (ASX:TGM, OTCQB:TGMGF) - near-surface gold developer in the Eastern Transvaal Gold Fields of South Africa

23 Apr 2021 - Theta Gold Mines Limited (ASX:TGM, OTCQB:TGMGF) CEO for Africa, Mitford Mundell, talks about the company's projects and its plans to bring open-pit mining to historic…

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