Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Business indicators fall short of expectations: ASX tracking 0.6% lower at noon

30 Nov 2020 - The ASX is tracking 0.6% lower at noon. Shares in Treasury Wine Estates (ASX:TWE) dropped today on news of Chinese tariffs on Australian wine imports. Meanwhile, shar…

Spark (ASX:SKI) reports that TransGrid has secured $125m debt funding

30 Nov 2020 - Spark Infrastructure (ASX:SKI) confirms that TransGrid Services, has reached agreement with the Clean Energy Finance Corporation for a $125 million corporate debt fac…

Flexigroup to rebrand to become humm group (ASX:HUM)

30 Nov 2020 - Flexigroup will rebrand to become humm group (ASX:HUM) and will begin trading under the new ticker HUM from today.

Telix Pharmaceuticals (ASX:TLX) Acquires TheraPharm

30 Nov 2020 - Telix Pharmaceuticals (ASX:TLX) has entered into an agreement with Scintec Diagnostics GmbH to acquire TheraPharm GmbH.

Newcrest Mining (ASX:NCM) signs Havieron Joint Venture Agreement

30 Nov 2020 - Newcrest Mining (ASX:NCM) has entered into a fully-termed Joint Venture Agreement with Greatland Gold plc for the Havieron Project.

AUD advances against the USD: ASX poised to open higher

30 Nov 2020 - The ASX looks set to open higher this morning as shares on Wall Street ended their week up. The Aussie dollar advanced and now sits just under 0.74 US dollars. Dr. An…

September quarter capex falls 3%: ASX tracking 0.1% lower at noon

26 Nov 2020 - The ASX opened lower and is now tracking 0.1% lower at noon. Harvey Norman (ASX:HVN) shares have shot up after reporting a 160.1% increase in profit before tax betwee…

Recce Pharmaceuticals Ltd (ASX:RCE) has been awarded over $17 million

26 Nov 2020 - Recce Pharmaceuticals Ltd (ASX:RCE) has been awarded over $17 million of Synthetic Antibiotic Research & Development applicable expenditure by AusIndustry.

Bega Cheese (ASX:BGA) to buy Lion Dairy & Drink for $534m

26 Nov 2020 - Bega Cheese (ASX:BGA) has entered into a binding agreement to acquire Lion Dairy & Drinks Pty for $534 million.

Global rally paused: ASX poised to open lower

26 Nov 2020 - The ASX looks set to open lower this morning as the global rally slows. Vaccine hopes had bolstered markets over the past week. More than 60 million cases of coronavi…

Gentrack Group Limited (ASX:GTK) report EBITDA down 51%

26 Nov 2020 - Gentrack Group Limited (ASX:GTK) report results for the year show underlying EBITDA of $12.1 million, down 51 per cent on FY19, off the back of lower FY20 revenues co…

Virgin Money UK (ASX:VUK) withdraws FY22 targets

26 Nov 2020 - Virgin Money UK (ASX:VUK) report statutory loss after tax of £141 million - this is inclusive of £292 million of exceptional items, including £139 million of integrat…

Global recovery hopes boost markets: ASX closes 0.6% higher

25 Nov 2020 - The ASX pulled back on some of its Covid losses and managed to close 0.6% higher. Shares in Whitehaven Coal (ASX:WHC) went up over 10% today. Zip Co (ASX:Z1P) shares …

Construction work falls 2.6% in Sept quarter: ASX tracking 0.8% higher at noon

25 Nov 2020 - The ASX rose at the open and is now tracking 0.8% higher at noon. Shares in Whitehaven Coal (ASX:WHC) are doing well today meanwhile shares in Mesoblast (ASX:MSB) hav…

Galaxy Resources (ASX:GXY) in $161 million capital raising

25 Nov 2020 - Galaxy Resources (ASX:GXY) is undertaking a $161 million capital raising to fund its Sal de Vida Stage 1 and pre-development activities to progress James Bay to a con…

Lepidico Ltd (ASX:LPD) acquires Bright Minz Pty Ltd

25 Nov 2020 - Lepidico Ltd (ASX:LPD) has completed the acquisition of all of the issued capital of Bright Minz Pty Ltd.

Melbana Energy (ASX:MAY) exploration, appraisal and development stage opportunities in Cuba and Australia

25 Nov 2020 - Melbana Energy Limited (ASX:MAY) Executive Chairman Andrew Purcell provides an update on the company's portfolio, focusing on its onshore Cuban project Block 9, the p…

Dow hits record high: ASX set to open higher this morning

25 Nov 2020 -The ASX looks set to open higher this morning as the Dow rallied yesterday hitting a record high at 30,000 points. Oil has surged to an eight-month high overnight. Tes…

Kathmandu Holdings (ASX:KMD) reports Rip Curl drives Q1 earnings

dd Mmm 2020 - Kathmandu Holdings Limited (ASX:KMD) today report group total sales for the first quarter ending 31 October 2020 were up 72 per cent above last year, benefiting from …

Turners Automotive Group (ASX:TRA) reports NPAT increased 25% in HY21

25 Nov 2020 - Turners Automotive Group (ASX:TRA) reported NPAT increased 25 per cent to $13.4 million for the half year 2021.

Imdex (ASX:IMD) - mining tech leader

24 Nov 2020 - Imdex Limited (ASX:IMD) CEO Paul House discusses the company's financial update, outlook and strategy, and provides an introduction to its technology, which improves …

Third potential vaccine: ASX closes 1.3% higher

24 Nov 2020 - It has been a positive day of trade for the Australian share market. The local bourse managed to close 1.3% higher. News of a third potential Covid vaccine boosted ma…

SUDA Pharmaceuticals (ASX:SUD) adapting drugs for oral dosing

24 Nov 2020 - SUDA Pharmaceuticals Limited (ASX:SUD) Managing Director Dr Michael Baker discusses the company's technology to convert solid dose drugs into oral sprays and the outl…

Altech Chemicals (ASX:ATC) aiming to become one of world's leading suppliers of high purity alumina

24 Nov 2020 - Altech Chemicals Limited (ASX:ATC) Managing Director Iggy Tan provides an update on construction of the company's high purity alumina (HPA) processing plant in Malays…

Mitchell Services (ASX:MSV) FY20 results & outlook

24 Nov 2020 - Mitchell Services Limited (ASX:MSV) CEO Andrew Elf provides an update on the company's FY20 results, its strategy of becoming Australia’s leading drilling services pr…

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