Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

US Senate passes the $US2 trillion stimulus package: ASX closes 2.3% higher

26 Mar 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 2.3% higher. Shares in Northern Star Resources are down over 15% today after they es…

Household wealth up 3.3% in the December quarter: ASX tracking 0.6% higher at noon

26 Mar 2020 - The ASX shot up at the open and is now tracking 0.6% higher at noon. Shares in The Star Entertainment Group (ASX:SGR) are on the rise after reporting yesterday that t…

Premier Investments (ASX:PMV) to close Australian stores for four weeks

26 Mar 2020 - Retail group Premier Investments (ASX:PMV) is to temporarily close all retail stores in Australia from 6 pm (local time) today, 26 March 2020, until 9 am (local time)…

Ramsay Health Care's (ASX:RHC) facilities are being utiilised by the government

26 Mar 2020 - Ramsay Health Care (ASX:RHC) confirms that it is in discussions with Federal and State Governments in Australia regarding the capacity and support Ramsay is able to p…

Lovisa (ASX:LOV) temporarily shuts stores in Australia, NZ and South Africa

26 Mar 2020 - Jewellery store Lovisa (ASX:LOV) has decided today to temporarily shut stores in Australia, New Zealand and South Africa.

The Flight Centre Travel Group (ASX:FLT) to stand down 6,000 workers

26 Mar 2020 - The Flight Centre Travel Group (ASX:FLT) is to stand down around 6,000 support and sales roles either temporarily or permanently, including 3,800 people in Australia.

US stimulus package cause markets to rise for a second day: ASX set to open high

26 Mar 2020 - As the US markets pared their gains, the ASX looks set to open higher this morning. The Dow has jumped in the last two days as the White House and congressional leade…

Market lifts on US stimulus agreed of $US2 trillion: ASX closed 5.5% higher

25 Mar 2020 - It has been a positive day of trade for the ASX after rising at the open it managed to stay in positive territory closing 5.5% higher. Qantas (ASX:QAN) shares rose af…

Qantas secures $1.5b in debt funding: ASX tracking 3.5% higher at noon

25 Mar 2020 - The ASX shot up at the open and is now tracking 3.5% higher at noon. Prime Minister Scott Morrison announced that a COVID-19 coordination commission has been establis…

Wesfarmers (ASX:WES) keeps Bunnings, Kmart, Target and Officeworks open

25 Mar 2020 - Wesfarmers (ASX:WES) report today Bunnings, Kmart, Target and Officeworks stores across Australia are operating under standard or near-standard trading hours and oper…

The Star Entertainment Group (ASX:SGR) stand down 90% of their employees

25 Mar 2020 - The Star Entertainment Group (ASX:SGR) are in the process of temporarily standing down over 90 per cent of their approximately 9,000 employees.

Nufarm (ASX:NUF) reports first half loss $122 million

25 Mar 2020 - Chemicals and fertiliser business Nufarm (ASX:NUF) has reported its net loss for the first half of 2020 of $122 million compared to the first half of 2019 where it wa…

Dominos Pizza (ASX:DMP) closes all New Zealand stores

25 Mar 2020 - Domino’s Pizza (ASX:DMP) will close its New Zealand stores for 4 weeks from Thursday.

The Dow jumps up on hopes of coronavirus stimulus package: ASX poised to open higher

25 Mar 2020 - The ASX looks set to open higher. The Dow rebounded more than 11% in its best day since 1933. The rise comes as US Congress battles out a coronavirus stimulus deal. …

Healius (ASX:HLS) tests 2,500 COVID-19 per day

24 Mar 2020 - Pathology, hospital and medical centre operator Healius (ASX:HLS) is suspending its guidance for the 2020 financial year due to an increased level of uncertainty arou…

Woolworths (ASX:WOW) defers spin-off of Endeavour drinks

24 Mar 2020 - Woolworths (ASX:WOW) has deferred the separation of Endeavour drinks spin-off until 2021.

Rio Tinto (ASX:RIO) delay operations in Canada and South Africa

24 Mar 2020 - Rio Tinto (ASX:RIO) will slow down some of its operations in Canada and South Africa to help contain the spread of coronavirus.

Perenti (ASX:PRN) sees no impact on financials from COVID-19 so far

24 Mar 2020 - Perenti (ASX:PRN) reports that to date COVID-19 has had no impact on Perenti’s financial performance.

UK in 'lockdown' due to national emergency: ASX poised to open higher

24 Mar 2020 - The ASX looks set to open higher despite Wall Street's slide deepening yesterday as coronavirus forced more US states into lockdown. Over in the UK Prime Minister Bor…

Flight Centre (ASX:FLT) cancels $40.1 million dividend payment

23 Mar 2020 - Flight Centre (ASX:FLT) announced today that to lower costs from the coronavirus impact - their senior leadership team will take a 50 per cent salary cut.

Fortescue Metals Group (ASX:FMG) work with WA government on border controls

23 Mar 2020 - Fortescue Metals Group (ASX:FMG) says the Western Australian state government has advised that there will be exemptions for the strict border controls due to come in …

Select Harvests (ASX:SHV) says almond harvest to continue

23 Mar 2020 - Paul Thompson, Managing Director of almond business Select Harvests (ASX:SHV), has confirmed all Select Harvests’ facilities and almond harvest will continue to opera…

Charter Hall Long WALE REIT (ASX:CLW) reaffirms earnings guidance

23 Mar 2020 - Charter Hall Long WALE REIT (ASX:CLW) reaffirmed its operating earnings per share guidance of 28.3 cents for the current financial year.

Restaurants, gyms and pubs to close under drastic new measures: ASX poised to open lower

23 Mar 2020 - The ASX recorded one of its worst month’s in history - it’s now set to open lower as the coronavirus continues to strike fear in investors. Last night Prime Minister …

Sonic Healthcare (ASX:SHL) withdraws guidance for FY20

20 Mar 2020 - Sonic Healthcare (ASX:SHL) is withdrawing its earnings guidance for FY 2020 due to the level of uncertainty resulting from the COVID-19 pandemic.

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