Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

Volatility sets tone for mixed session: Aus shares trading 0.1% lower at noon

31 May 2021 - The Australian sharemarket advanced at the open to notch an all-time intraday high of 7203, breaking into the 7200s region for the first time ever. The optimistic sta…

Link (ASX:LNK) to float PEXA to fend off buyout interest

31 May 2021 - Fintech powerhouse Link Administration (ASX:LNK) has confirmed a plan to float property transaction processor PEXA, in a bid to fend off buyout interest from other co…

REA (ASX:REA) to trade SE Asian platforms for stake in Property Guru

31 May 2021 - Digital real-estate marketplace operator REA Group (ASX:REA) is set to trade its South East Asian platforms for an interest in Asia's largest online property portal a…

Investors immune to Melbourne lockdown: Aus shares close 1.2% higher

28 May 2021 - The ASX200 extended its rally in afternoon trade, wrapping up the week’s last trading session on a high note. The Australian benchmark’s second consecutive day in pos…

Freedom Foods Group (ASX:FNP)'s appeal rejection enables US arbitration

28 May 2021 - The Federal Court of Australia has turned down an appeal by health foods manufacturer Freedom Foods Group (ASX:FNP) against a previous ruling in favour of Blue Diamon…

Stocks of the Hour: Qantas, BetMakers & Select Harvests

28 May 2021 - A snapshot of companies making headlines in the morning session, featuring Qantas, BetMakers and Select Harvests.

Commodity-based stocks fire ASX up to record high: Aus shares trading 1.2% higher at noon

28 May 2021 - The Australian sharemarket shot up at the open, as blue-chip companies received a positive handover from Wall Street. The ASX200 gained ground in unknown territory to…

Qantas (ASX:QAN) considers rewarding coronavirus-vaccinated passengers

28 May 2021 - Australia’s national flag carrier Qantas (ASX:QAN) has proposed a reward initiative to assist the vaccine roll-out effort. The $8.8 billion airline is considering sev…

Select Harvests (ASX:SHV) reports profit slump due to large crop

28 May 2021 - Nut and health food company Select Harvests (ASX:SHV) has reported a downturn in earnings and profits in the first half of the financial year. Australia’s largest alm…

Beston Global Foods (ASX:BFC) - lactoferrin & mozzarella producer

28 May 2021 - Beston Global Foods Limited (ASX:BFC) CFO and Acting CEO Darren Flew discusses the company's FY21 results, guidance and strategy, and provides an update on the compan…

BetMakers (ASX:BET) enters race for Tabcorp's wagering & media arm

28 May 2021 - Digital bookmaking technology firm BetMakers (ASX:BET) has entered the race to acquire rival Tabcorp (ASX:TAH)’s wagering and media platforms. The $1.3 billion has ta…

Upbeat Chinese & US data stimulate investor appetite: Aus shares to open higher

28 May 2021 - The Australian sharemarket is poised to advance at the open, stimulated by strong leads from the US and China driven by upbeat data and soaring base metals prices.

Mosaic (ASX:MOZ) served $630,000 fine for misleading COVID-19 marketing

27 May 2021 - Australia’s largest specialty fashion retailer Mosaic (ASX:MOZ) has been served a $630,000 penalty for misleading consumers into purchasing the company’s coronavirus …

ASIC litigates against AMP (ASX:AMP) for mischarging deceased

27 May 2021 - The Australian Securities and Investments Commission (ASIC) has begun legal proceedings against five subsidiaries of financial giant AMP (ASX:AMP) in the Federal Cour…

ASX inverts morning upturn: Aus shares close 0.3% lower

26 May 2021 - The Australian sharemarket inverted the morning session’s movement to conclude a tumultuous trading day on a low note, breaking a four-day streak of gains. Losses in …

Stocks of the Hour: SenSen, ALS & ASX

26 May 2021 - A snapshot of companies making headlines for the hour, featuring SenSen Networks (ASX:SNS), ALS (ASX:ALQ) and ASX (ASX:ASX).

Kathmandu (ASX:KMD) ties sustainable development with borrowing activity

26 May 2021 - Adventure and travel apparel supplier Kathmandu (ASX:KMD) has landed a deal with NAB and ANZ to secure a sustainability objective-based loan worth $100 million. Under…

Gold miners, tech firms & banks lift ASX out of red zone: Aus shares tracking 0.1% higher at noon

26 May 2021 - The Australian sharemarket was subdued at the open, following lacklustre leads from the US and weighed down by iron ore players. However, the ASX200 gradually picked …

ASX (ASX:ASX) deputy chief to end 11-year tenure

26 May 2021 - Stock market administrator ASX (ASX:ASX) has announced the upcoming departure of deputy chief-executive Peter Hiom. The outbound second-in-command boss has decided to…

ALS (ASX:ALQ) demonstrates resilience by 139% payout increase

26 May 2021 - Testing services provider ALS has upgraded the company’s final payout by 8.5 cents or 139 per cent to 14.6 cents partially franked, despite suffering a 5 per cent rev…

SenSen Networks (ASX:SNS) to emphasise footprint in counter-theft market via $10.6m acquisition

26 May 2021 - Smart city solutions provider SenSen Networks (ASX:SNS) has sealed a deal to acquire anti-theft surveillance specialist Scancam Industries for a total consideration o…

Four-day rally lifts ASX to 2-week high: Aus shares close 1% higher

24 May 2021 - The Australian sharemarket maintained its momentum from morning gains and established its foothold in the 7100s region in late trade. The ASX200 extended its rally to…

Stocks of the Hour: CIMIC Group, TechnologyOne & Pepper Money

25 May 2021 - A snapshot of the companies making headlines for the hour, featuring CIMIC Group (ASX:CIM), TechnologyOne (ASX:TNE) & Pepper Money (ASX:PPM).

New Zealand suspends quarantine-free travel bubble with Victoria

25 May 2021 - The New Zealand government has temporarily suspended Quarantine-free travel between Victoria and the country, in the wake of nine new COVID-19 cases being detected in…

Pepper Money (ASX:PPM) returns to ASX after nearly 4 years

25 May 2021 - Pepper Money (ASX:PPM) has returned to the Australian sharemarket after nearly four years as a private entity and become the second non-bank provider of loans to list…

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