Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Fed says coronavirus will continue to 'weigh heavily' on the economy: ASX set to open slightly lower this morning

20 Aug 2020 - The ASX looks set to open slightly lower this morning as the US warns of a difficult economic recovery. Despite the S&P 500 hitting a new high for the second-straight…

Resolute Mining (ASX:RSG) keeps close eye on Mali coup: ASX closes 0.7% higher

19 Aug 2020 - It has been a positive day of trade for the ASX, with the local bourse managing to close 0.7 per cent higher. Winners and losers of the day were WiseTech Global (ASX:…

WiseTech Global (ASX:WTC) shares shoot up on their results: ASX tracking almost 1% higher at noon

19 Aug 2020 - Things are currently looking bright on the Australian share market. It shot up at the open and is now tracking almost 1 per cent higher at noon. The tech sector is cu…

WiseTech Global (ASX:WTC) profit soars close to 200 per cent

19 Aug 2020 - WiseTech Global (ASX:WTC) today announced its financial results for the 12 months ending 30 June 2020 reporting NPAT of $160.8 million, soaring up 197% on the prior c…

Crown Resorts (ASX:CWN) NPAT down 80%

19 Aug 2020 - Crown Resorts (ASX:CWN) reported a financial year NPAT attributable to the parent of $79.5 million, down 80.2 per cent.

US consumers spend $211 billion in online shopping boost: ASX poised to open lower

19 Aug 2020 - The ASX looks set to open slightly lower this morning after US stock futures were flat in overnight trading. The S&P 500 hit its highest level ever, a huge come back …

BHP (ASX:BHP) looking to divest two Queensland mines

18 Aug 2020 - BHP (ASX:BHP) is looking to divest two of its Queensland metallurgical coal mines as it looks to simplify portfolio to focus on higher quality steel-making products.

Ingenia Communities Group (ASX:INA) report record earnings

18 Aug 2020 - Ingenia Communities Group (ASX:INA) today announced underlying profit of $59.1 million for the year ending 30 June 2020, an increase of 25 per cent on the previous fi…

Cochlear (ASX:COH) posts a $238 million loss

18 Aug 2020 - Cochlear (ASX:COH) had a strong start to FY20 with cochlear implant units growing 13 per cent in the first half but report a net loss of $238.3 million.

Westpac (ASX:WBC) declare no first-half dividend

18 Aug 2020 - Westpac (ASX:WBC) report unaudited statutory net profit for 3Q20 was $1.12 billion.

Aussie dollar rises over 72 US cents: ASX set to open higher

18 Aug 2020 - The ASX looks set to open higher this morning as US stocks rose mostly on technology as big banks sold off. The Democratic National Convention starts to run this week…

Elixinol Global (ASX:EXL) key messages from 2020 AGM

17 Aug 2020 - Elixinol Global (ASX:EXL) CEO & Executive Director, Oliver Horn talks about measures to reposition the business, initiatives in E-commerce and distribution, its decis…

Fisher & Paykel Healthcare Corporation: ASX closed 0.1% lower

12 Aug 2020 - It has been a positive day of trade for the ASX after a small dip around lunchtime the local bourse managed to close 0.1% lower. Fisher & Paykel Healthcare Corporatio…

Galan Lithium (ASX:GLN) - lithium brine developer

12 Aug 2020 - Galan Lithium Limited (ASX:GLN) Managing Director, Juan Pablo Vargas de la Vega talks about the company's lithium brine projects located within the South American Lit…

Centuria Capital Group (ASX:CNI) financial year 2020 results & outlook

12 Aug 2020 - Centuria Capital Group (ASX:CNI) Joint CEO John McBain discusses full year 2020 results, acquisition of Augusta Capital, and guidance for FY21.

Annual wage growth lowest in 22 years: ASX tracking 0.3% lower at noon

12 Aug 2020 - The ASX fell in early trade after a promising start and is now tracking 0.3% lower at noon. Real estate company Unibail-Rodamco-Westfield (ASX:URW) shares are doing w…

The Magellan Financial Group (ASX:MFG) sees full year adjusted profit rise 20%

12 Aug 2020 - The Magellan Financial Group (ASX:MFG) today announced adjusted after-tax net profit increased by 20 per cent to $438.3 million for the 12 months to 30 June 2020.

Transurban (ASX:TCL) sees lockdown traffic hit earnings

12 Aug 2020 - Toll road operator Transurban (ASX:TCL) report their financial year 2020 performance was impacted by the Covid-19 pandemic with average daily traffic decreasing by 8.…

Evolution Mining (ASX:EVN) evacuates Red Lake mine in Canada

12 Aug 2020 - Evolution Mining (ASX:EVN) has suspended operations at its Red Lake gold mine in Canada due to a bushfire.

Whitehaven Coal's (ASX:WHC) Vickery extension project gets the green light

12 Aug 2020 - Whitehaven Coal (ASX:WHC) has today welcomed the decision by the NSW Independent Planning Commission (IPC) to green light its Vickery Extension Project near Gunnedah,…

Commonwealth Bank (ASX:CBA) profit drops 11.3%: ASX to open higher

12 Aug 2020 - The ASX looks set to open higher this morning despite shares falling at the end of trade in New York. New Zealand has been rocked by four new coronavirus cases after …

1300 Smiles (ASX:ONT) rebounds after lockdown

11 Aug 2020 - 1300 Smiles (ASX:ONT) emerged from the Covid-19 shutdown reporting net profit down 8 per cent to $7.1 million on sales down 3 per cent to $57.1 million.

IVE Group (ASX:IGL) report Coles to scale back printing

11 Aug 2020 - IVE Group (ASX:IGL) has been informed by Coles supermarket (AX:COL) that they intend to scale back its use of the printed medium for catalogues.

Sydney Airport (ASX:SYD) to launch a $2 billion equity raising

11 Aug 2020 - Sydney Airport (ASX:SYD) has launched a $2 billion equity raising after reporting a $53.6 million loss after income tax for the six months to June 30.

Charter Hall Social Infrastructure REIT (ASX:CQE) report profit up 25%

11 Aug 2020 - Charter Hall Social Infrastructure REIT (ASX:CQE) has increased its statutory profit by 25 per cent to $85.9 million in the 2020 financial year.

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