Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Strong tech rally in the US: ASX set to open higher

30 Aug 2018 - Following positive leads from US markets, the ASX looks set to open higher this morning. US stocks continue to hit new records after a strong rally in tech. And slot …

Westpac raise variable mortgage rates: ASX close 0.8 per cent higher

29 Aug 2018 - It has been a positive day of trade for the ASX with a strong rise this afternoon as Westpac (ASX:WBC) raised its variable home loan rates. Sirtex Medical (ASX:SRX) r…

Building and banks lift: ASX up 0.3% at noon

29 Aug 2018 - The ASX opened flat but is now tracking 18 points higher or 0.3 per cent higher at noon. Building materials giant Boral (ASX:BLD) rose after expanding into the US and…

SpeedCast continues to slide: ASX closes 0.6% higher

28 Aug 2018 - It’s been a positive day of trade for the ASX. BHP (ASX:BHP), CSL (ASX:CSL), and Qantas (ASX:QAN) all added. SpeedCast (ASX:SDA) has seen a slide bringing the telecos…

Rural Funds Group looking to buy two QLD properties

27 Aug 2018 - Rural Funds Management as a manager for the Rural Funds Group (ASX:RFF), has contracted to acquire two Queensland properties.

NetComm Wireless share price plummets

27 Aug 2018 - NetComm Wireless (ASX:NTC) has reported their NPAT increased to $8 million compared to the prior period loss of 1.8 million.

G8 Education see profit fall in childcare shake-up

27 Aug 2018 - Childcare services G8 Education (ASX:GEM) report their underlying NPAT is $425.6 million down 23.9 per cent from last year’s figure of $33.7 million.

Monash IVF Group sees a decline in profit

27 Aug 2018 - Monash IVF Group (ASX:MVF) reported a decline of 27.9 per cent in reported net profit after tax (NPAT) to $21.4 million.

Amaysim’s revenue saved, up 77% on ppp

27 Aug 2018 - Household services provider Amaysim (ASX:AYS) has reported its NPAT is down 76 per cent to $2.7 million from last years driven by increased depreciation of technology…

Michael Hill profit slumps 86%

27 Aug 2018 - Jeweller Michael Hill International (ASX:MHJ) reported a statutory net profit after tax (NPAT) of $4.6 million, a fall of 86 per cent for the full year ending 30 June…

US stocks rise, S&P 500 hitting more records: ASX set to open flat

27 Aug 2018 - The ASX is set to open the week flat. Stocks held firm during the political uncertainty of last week. The aussie dollar rose more than 1% on Friday. Senior living com…

Leadership showdown rattles AUD: ASX flat at noon

24 Aug 2018 - The ASX opened higher this morning and is now flat at noon. Healthcare is doing well today and Wesfarmers (ASX:WES) and Woolworths (ASX:WOW) are making mild gains. M…

Mayne Pharma swings to a loss

24 Aug 2018 - Healthcare and logistics company the Mayne Pharma Group (ASX:MYX) reports its adjusted net profit after tax fell 33 per cent on last year’s to $60.3 million from 90.2…

Brambles looks to demerger food logistics business

24 Aug 2018 - Pallets company Brambles (ASX:BXB) has seen its profit after tax surge 308 per cent to US$747.1 million on the prior corresponding period.

AGL’s chief executive Andy Vesey quits

24 Aug 2018 - AGL Energy (ASX:AGL) has today announced that the company’s Managing Director and Chief Executive Officer (CEO), Andy Vesey, will leave the company after almost four …

High-rollers boost The Star’s revenue

24 Aug 2018 - The Star Entertainment Group (ASX:SGR) has reported its normalized net profit after tax (NPAT) rose 20.3 per cent on last year to $258 million.

Medibank Private reports profit is down 1%

24 Aug 2018 - Medibank Private (ASX:MPL) has reported its net profit after tax (NPAT) is down 1 per cent to $445.1 million from $449.5 million on the 2017 financial year.

Costa results cream of the crop

24 Aug 2018 - Fruit and vegetable company Costa Group (ASX:CGC) has reported its net profit after tax (NPAT) of $115.2 million, almost doubling its figures on last year.

Political turmoil causes unease: ASX to open higher

24 Aug 2018 - The ASX set to open higher today – despite the political turmoil brewing this week. Earlier shares were at a three week low. Wall St moved lower yesterday as the new …

Afterpay profits soar as they plan UK/US expansion

23 Aug 2018 - Financial technology company Afterpay (ASX:APT) has reported a gross profit of $85.7million that’s up 386 per cent from the prior corresponding period last year.

Alumina sees profit almost double

23 Aug 2018 - Alumina and bauxite producer Alumina's (ASX:AWC) net profit after tax for the June half rose 110 per cent to US$286.4 million from $137 million for the same correspon…

Nine Entertainment Co. profit jumps 21%

23 Aug 2018 - Nine Entertainment Co. (ASX:NEC) has reported that its full year net profit after tax rose 27 per cent to $156.7 million from $123.6 million.

Flight Centre revenue rose 6.5% this year

23 Aug 2018 - Flight Centre (ASX:FLT) has reported a full-year net profit after tax attributable to owners of the company of $262.9 million, up 13.9 per cent on last year’s $230.7 …

Qantas profit before tax jumps 14%

23 Aug 2018 - Qantas' (ASX:QAN) underlying full-year profit before tax has jumped 14 per cent to $1.6 billion, due to its domestic operations.

Webjet’s NPAT fell 21% to $41.5 million

23 Aug 2018 - Webjet's (ASX:WEB) statutory full-year net profit after tax fell 21 per cent to $41.5 million.

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