Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Air New Zealand (ASX:AIZ) implement capacity reductions

16 Mar 2020 - Air New Zealand (ASX:AIZ) is further reducing capacity across its network as a result of the impact of Covid19 on travel demand.

Collins Foods (ASX:CKF) not to operate KFC in Netherlands

16 Mar 2020 - Collins Foods (ASX:CKF) report their KFC restaurants in the Netherlands will not be able to operate as normal after the Dutch government announced all restaurants mus…

Crown Resorts (ASX:CWN) to deactivate gaming machines

16 Mar 2020 - Crown Resorts (ASX:CWN) says following consultation with the Victorian Government, they have implemented a policy covering a number of social distancing measures at i…

Healius (ASX:HLS) rejects proposal from The Partners Group

16 Mar 2020 - Healius (ASX:HLS) has unanimously rejected the takeover proposal from Partners Group.

Downer EDI (ASX:DOW) suspends review of mining business

16 Mar 2020 - Downer EDI (ASX:DOW) announced back in August that it was undertaking a review of its portfolio, they have now decided to suspend this review due to the coronavirus.

oOh!media (ASX:OML) withdraws earnings guidance

16 Mar 2020 - oOh!media (ASX:OML) today reports that the deteriorating macroeconomic conditions and market uncertainty caused by COVID-19 has made forecasting full year revenue in …

Volatile times see AUD drop to 61c against the US dollar: ASX set to open higher

16 Mar 2020 - The ASX looks set to open higher after a surge in all three benchmarks in the US on Friday. Wall Street rose after US President Donald Trump released US$50 billion to…

The Flight Centre Travel Group (ASX:FLT) withdraws guidance

13 Mar 2020 - The Flight Centre Travel Group (ASX:FLT) has today suspended its 2020 fiscal year (FY20) guidance following heightened uncertainty surrounding the coronavirus.

Zip Co (ASX:Z1P) see coronavirus impact minimised by digital model

13 Mar 2020 - Zip Co (ASX:Z1P) report that they have not observed any material impact from coronavirus across its business, though they do believe there will be implications for va…

The Food Revolution Group (ASX:FOD) delivers first hand sanitiser

13 Mar 2020 - The Food Revolution Group (ASX:FOD) has delivered its first batch of hand sanitiser to the market this week.

Fluence Corporation (ASX:FLC) sells Aspiral for China Rail in Inner Monogolia

13 Mar 2020 - Fluence Corporation (ASX:FLC) is pleased to announce that it has entered into a new province with an Aspiral sale to Beijing China Railway Science New Technology Co.

The Virgin Australia Group (ASX:VAH) announce cost cutting measures

13 Mar 2020 - The Virgin Australia Group (ASX:VAH) today announced additional reductions in capacity and cost measures to address the impact of COVID-19 and has also reassured gues…

Suncorp's (ASX:SUN) Chief Information Officer is to leave the Group

13 Mar 2020 - Suncorp’s (ASX:SUN) Chief Information Officer Sarah Harland will leave the Group, effective 27 March.

Dow suffers worst drop since 'Black Monday': ASX poised to plunge at the open

13 Mar 2020 - The ASX looks set to drop at the open. The Dow Jones Industrial Average plunged yesterday suffering its worst drop since the 1987 “Black Monday” market crash, when it…

Coronavirus stimulus package includes $750 cash payments: ASX closed 7.4% lower

12 Mar 2020 - The ASX closed 7.4% lower - its lowest level since November 2016. Travel companies saw huge losses with Webjet (ASX:WEB) and Flight Centre Travel Group (ASX:FLT) shar…

Trump addresses the US on coronavirus and triggers ASX sell-off: ASX tracking 2.5% lower at noon

12 Mar 2020 - The ASX dropped at the open and is now tracking 2.5% lower at noon. US President Donald Trump has just addressed the nation, putting restrictions on all travel to the…

Healius (ASX:HLS) responds to media speculation regarding Partners Group

12 Mar 2020 - Healius (ASX:HLS) notes the media speculation in The Australian newspaper today and states that there has been no finalisation of a response on the non-binding indica…

The Independence Group's (ASX:IGO) Plumridge JV expands exploration

12 Mar 2020 - The Independence Group NL (ASX:IGO) joint venture with Arrow Minerals, Plumridge Nickel has increased its exploration licence holding in the Fraser Range Province by …

Titomic (ASX:TTT) signs partnership with US Ascent Aerospace

12 Mar 2020 - Australian industrial scale metal additive manufacturing company Titomic (ASX:TTT) has signed a partnership agreement with US-based Ascent Aerospace to deliver Titomi…

Caltex Australia (ASX:CTX) refiner margins hit by oil price and demand

12 Mar 2020 - Caltex Australia (ASX:CTX) is monitoring the impacts from market responses to COVID-19 on regional refining margins, crude and product demand both globally and in Cal…

PointsBet Holdings (ASX:PBH) appointed betting partner of LaLiga

12 Mar 2020 - PointsBet Holdings (ASX:PBH) subsidiary, PointsBet USA Inc., has been appointed as the Official Betting Partner of LaLiga North America.

Reliance Worldwide Corporation (ASX:RWC) to say goodbye to their CFO

12 Mar 2020 - Reliance Worldwide Corporation (ASX:RWC) is set to reorganise the financial, strategic and corporate development activities encompassed by the current Group Chief Fin…

Multi-billion dollar coronavirus stimulus package expected: ASX set to open lower

12 Mar 2020 - Following a steep decline from US markets, the ASX looks set to open lower. The WHO has declared the coronavirus a pandemic. The Federal Government are expected to an…

All the sectors in the red: ASX closes 3.6% lower

11 Mar 2020 - The ASX fell after early morning trade and continued a downward spiral to close 3.6% lower. Shipping company Austal (ASX:ASB) did well today as did the Steadfast Grou…

Consumer sentiment falls 3.8% in March: ASX tracking 1.3% lower at noon

11 Mar 2020 - The ASX shot up at the open and then fell in mid morning trade and failed to gain momentum and is now tracking 1.3% lower at noon. Shares in ship building company Aus…

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