Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

LiveTiles annualised recurring revenue up 272% year-on-year

12 Oct 2018 - Workplace software company Live Tiles (ASX:LVT) has reported that annualised recurring revenue reached $18.6 million, up 272 per cent year-on-year at 30 September 201…

Turbulent trading in the US: ASX poised to open lower

12 Oct 2018 - The ASX is poised to open lower this morning after a volatile day on Wall Street. The S&P 500 is at a three-month low after a six-day slide. Earlier, Asian and Europe…

Global sell-off sees shares slump: ASX to close 2.7% lower

11 Oct 2018 - Aussie stocks were sold off following Wall Street seeing its worst drop in eight months and the Nasdaq losing 4 per cent. All three majors in the US fell more than 3 …

Wesfarmers announce new MD for Officeworks

11 Oct 2018 - Wesfarmers (ASX:WES) has today announced the appointment of Sarah Hunter as Managing Director of Officeworks, Australia's leading retailer and supplier of office prod…

OZ Minerals reports improvement in copper and nickel

11 Oct 2018 - OZ Minerals (ASX:OZL) has shown through early metallurgical testing, improvement in copper and nickel recoveries.

RCR Tomlinson awarded Auckland City Rail Link Project

11 Oct 2018 - Engineering and infrastructure company RCR Tomlinson (ASX:RCR) has entered into an Interim Project Alliance Agreement with City Rail Link to carry out project service…

Transurban shows average daily traffic up 3.3%

11 Oct 2018 - Road operator Transurban (ASX:TCL) released its September quarter 2018 update showing Average Daily Traffic increased by 3.3 per cent, with growth across all markets.

US stocks take a tumble: ASX set to drop at the open

11 Oct 2018 - Australian shares are set to drop at the open – we are seeing renewed concerns about the US and China trade war. On Wall Street all three major benchmarks plunged. Ri…

SCEE founder Frank Tomasi to retire

20 Oct 2018 - The Board of Southern Cross Electrical Engineering (ASX:SXE) Founder and Non-Executive Director Mr Frank Tomasi AM, intends to retire from the Board at the Company’s …

Universal Coal forecast 29% increase in EBITDA

10 Oct 2018 - Universal Coal (ASX:UNV) has released a statement forecasting a 29 per cent increase in EBITDA to $93 million for the financial year 2019.

Centuria Metropolitan REIT to buy four properties from Hines Global REIT

10 Oct 2018 - Centuria Capital Group (ASX:CNI) have announced that Centuria Metropolitan REIT (ASX:CMA) and the Lederer Group have entered into agreements to acquire $645 million o…

CLINUVEL steps closer to making SCENESSE available in UK

10 Oct 2018 - CLINUVEL Pharmaceuticals (ASX:CUV) is a step closer to making its drug SCENESSE, available to British patients who suffer from is a rare inherited metabolic disorder …

Navitas offered a buyout from a consortium

10 Oct 2018 - Education company Navitas (ASX:NVT) has received an buyout offer from a consortium consisting of private equity firm BGH Capital, fund manager AustralianSuper and top…

Telix collaberates with GenesisCare

10 Oct 2018 - Biopharmaceutical company Telix Pharmaceuticals (ASX:TLX) has entered into a strategic collaboration agreement with GenesisCare, the largest private provider of oncol…

IMF downgrade global forecast: ASX poised to open lower

10 Oct 2018 - The ASX is set open lower. Shares on Wall St failed to hold early gains despite tech stocks rebounding. The IMF downgraded its forecast for global growth for this yea…

Big four banks down: ASX closes 0.97% lower

09 Oct 2018 - The ASX has dropped for the second day with concerns over US interest rate rises. Trading volumes were high today. Biotechnology company CSL (ASX:CSL) dragged on the …

Auswide Bank (ASX:ABA) talks loan growth

08 Oct 2018 - Auswide Bank Limited (ASX:ABA) Managing Director and CEO, Martin Barrett discusses the company's strategy and outlook, and the future of banking.

Metro Mining (ASX:MMI) Bauxite Hills Mine in production

08 Oct 2018 - Metro Mining Limited (ASX:MMI) Managing Director and CEO, Simon Finnis provides an update on first production from the company's Bauxite Hills Mine, 100km north of th…

AMCIL company director retires

05 Oct 2018 - Equity investment company AMCIL (ASX:AMH) has announced the retirement of company director Richard Santamaria, effective immediately.

Magnis Resources accelerates development of NY Gigafactory

05 Oct 2018 - Magnis Resources (ASX:MNS) is working to accelerate development of its New York Gigafactory.

The AMA Group increase funds to expand Greenfields sites

05 Oct 2018 - The nation's biggest smash and repair company, the AMA Group (ASX:AMA), has negotiated an increase in its banking facilities with the National Australia Bank (ASX:NAB…

Beach Energy to sell stake in Otway assets

05 Oct 2018 - Beach Energy (ASX:BPT) has agreed to sell 40 per cent of its Victorian Otway interests to Eyal Ofer’s O.G. Energy for $344 million.

Xero to settle of US$300 million convertible notes

05 Oct 2018 - Cloud-based accounting software platform Xero (ASX:XRO) has announced the settlement of US$300 million 2.375 per cent convertible notes, due 2023.

Dexus extending presence in healthcare sector

05 Oct 2018 - Dexus (ASX:DXS) is extending its presence in the healthcare sector after conditionally agreeing to acquire an interest in Heathley, a new stapled vehicle proposed to …

Global bond yields rise: ASX poised to open lower

05 Oct 2018 - The ASX is set to drop at the open. The S&P 500 dropped to a three-week low and the Nasdaq tumbled. Global bond yields continued to rise. Pacific Current Group (ASX:P…

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