Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Appen value AI's potential at $5.8 trillion

18 May 2018 - A leading global provider of data for Artificial Intelligence, Appen (ASX:APX) values AI at $3.5 trillion to $5.8 trillion.

Rio Tinto granted new rail operation in Pilbara

18 May 2018 - Rio Tinto (ASX:RIO) has been granted accreditation by Australia’s Office of the National Rail Safety Regulator for operation of trains at the group’s iron ore busines…

Increase April passenger numbers for Sydney Airport

18 May2018 - Sydney Airport (ASX:SYD) has seen an increase in passenger numbers in April compared to the prior corresponding period – increasing 2.6 per cent. International traffic…

Dow drops: Aus shares looks to open higher

18 May 2018 - Australian shares are set to see a rise today. A surge in energy and industrial shares helped Wall Street yesterday, despite losses. The S&P 500 Index fell to session…

WiseTech Global buys Ulukom in Turkey

17 May 2018 - Global logistics solutions group, WiseTech Global (ASX:WTC), today announced the acquisition of Ulukom, a leading logistics and customs solutions provider in Turkey.

Santos receives binding bid Harbour Energy

17 May 2018 - US private firm Harbour Energy has revised its terms and submitted a binding but conditional proposal for the takeover of Santos (ASX:STO).

Adelaide Brighton is looking for a new chief executive

17 May 2018 - Australia's biggest cement company, Adelaide Brighton (ASX:ABC) is looking for a new for a new chief executive after current boss Martin Brydon announced he is to ret…

Rural Funds Management to buy QLD cattle property

17 May 2018 - Rural Funds Management (ASX:RFM) - manager for the Rural Funds Group (ASX:RFF), has entered into a contract to acquire a cattle property in central Queensland.

Chairman of Argo Global to retire

17 May 2018 - The Chairman of Argo Global Listed Infrastructure (ASX:ALI) Ian Martin AM has today announced his retirement.

Kidman to supply lithium hydroxide to Tesla

17 May 2018 - Lithium developer Kidman Resources (ASX:KDR) has entered a binding agreement to provide lithium hydroxide to electric vehicle company Tesla.

US stocks advance: Aus shares to open higher

17 May 2018 - The Australian market is set to open higher – in line with gains on Wall Street. ASX futures were up early this morning. US stocks advanced and 10-year Treasury yield…

Dow futures suggest a fall:ASX closes 0.6 per cent lower

15 May 2018 - Australian share market closed lower as industry heavyweights National Australia Bank and Telstra took a hit. Telstra's share price fell to a 7-year low after analyst…

Heavyweights drag market: Aus shares lower at noon

15 May 2018 - The Australian share market opened lower following mixed leads from Wall Street. Index heavyweights NAB (ASX:NAB) and Telstra (ASX:TLS) were a drag on the market down…

Freedom Foods Group completes China investment

11 May 2018 - Freedom Foods Group (ASX:FNP) has completed its investment into Shenzhen JiaLiLe Food Co. to be operated as Australia’s Own Dairy Company China.

Caltex Q1 profit after tax was $155 million

11 May 2018 - Caltex Australia (ASX:CTX) today announced that its unaudited 2018 first quarter profit after tax was $155 million, in line with the prior corresponding period result…

Artemis to sell 4 million Novo shares

11 May 2018 - Mining company Artemis Resources (ASX:ARV) has agreed to sell its 4 million Novo Resources Corp. shares to Canadian mining company, Kirkland Lake Gold.

Oil Search net profit three times higher

11 May 2018 - Oil Search's (ASX:OSH) net profit after tax is US$302 million in 2017 was more than three times higher than 2016 levels.

REA Group show double digit growth

11 May 2018 - REA Group (ASX:REA) show for the nine months ending 31 March 2018, revenue growth of 20 per cent to $592m and EBITDA growth from core operations of 21 per cent to $34…

News Corp shows 6 per cent rise in quarterly revenue

11 May 2018 - News Corp (ASX:NWS) third quarter results show revenues of $2.10 billion a 6 per cent increase compared to $1.98 billion in the prior year.

US stocks jump: Aus shares to open firmer

11 May 2018 - US stocks rallied to a seven-week high while setting the pace for Australian shares to open firmer today. Tech led the way in the US with Apple shares climbing to a n…

Boral to sell Concrete & Quarries business

10 May 2018 - Construction company Boral Limited (ASX:BLD) has agreed to sell its Concrete & Quarries business in Denver, Colorado to Brannan Sand and Gravel Company.

SkyCity gets $40m from carpark sale

10 May 2018 - SkyCity Entertainment Group (ASX:SKC) has sold its Federal Street carpark in Auckland for $40 million.

Leap in profits for Janus Henderson Group

10 May 2018 - Asset management group Janus Henderson Group (ASX:JHG) has reported $371.9 billion in assets under management as of March 31.

Helloworld Travel in Asia Escape Holidays deal

10 May 2018 - Helloworld Travel (ASX:HLO) today announced the acquisition of a controlling stake in Asia Escape Holidays.

AMP to defend shareholder class actions

10 May 2018 - AMP (ASX:AMP) has been hit with two class actions alleging the wealth management giant breached continuous disclosure obligations and made misleading statements.

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