Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Banks down as Westpac (ASX:WBC) is accused of breaching anti-money laundering laws: ASX closed 1.4% lower

20 Nov 2019 - It has been a negative day of trade for the ASX closing 1.4% lower. Banks were hit hard today after Westpac (ASX:WBC) reported that AUSTRAC had applied to the Federal…

Aristocrat Leisure (ASX:ALL) profit jumps up: ASX tracking 1.1% lower at noon

20 Nov 2019 - The ASX drifted lower at the open following soft leads from Wall Street and is now tracking 1.1% lower at noon. TechnologyOne (ASX:TNE) shares are on the rise today a…

Webjet (ASX:WEB) expects profit growth in 2020

20 Nov 2019 - Webjet (ASX:WEB) is expecting underlying adjusted operating profit in a range of $157 million to $167 million for financial year 2020.

MACA (ASX:MLD) wins $480 Ravensthorpe contract

20 Nov 2019 - Contractor MACA (ASX:MLD) has received a letter of award from First Quantum Minerals for open pit mining services at the Ravensthorpe nickel project in southern Weste…

Ausbil Active Sustainable Equity Fund

20 Nov 2019 - Ausbil Investment Management Chief Investment Officer, Paul Xiradis and Ausbil Head of ESG Research, Måns Carlsson-Sweeny, provide an update on the Ausbil Active Sust…

Rio Tinto (ASX:RIO) says Mongolian mine agreements are legal

20 Nov 2019 - Rio Tinto (ASX:RIO) today notes Administrative Court proceedings in Mongolia with regard to a lawsuit initiated by the Darkhan Mongol Nogoon Negdel Non-Governmental O…

Westpac Group (ASX:WBC) see the start of civil proceedings by AUSTRAC

20 Nov 2019 - Westpac Group (ASX:WBC) has this morning received a statement of claim from AUSTRAC, starting civil proceedings in relation to alleged contraventions of Westpac’s obl…

Trump threatens higher tariffs if China deal doesn’t go through: ASX set to open lower

20 Nov 2019 - Following weak leads from US markets, the ASX looks set to open lower this morning. This comes after President Donald Trump threatened higher tariffs on Chinese goods…

Medusa Mining (ASX:MML) will not proceed to next phase with Ellenkay Gold

20 Nov 2019 - Medusa Mining (ASX:MML) says that after evaluating all results from the first round of exploration and drilling at the Hill 212 and Mt Clark West projects in Central …

Wagners (ASX:WGN) completes entitlement offer

20 Nov 2019 - Construction company Wagners (ASX:WGN) has successfully completed its entitlement offer.

Infotech falls as some tech companies release their fiscal year results: ASX closes 0.7% higher

19 Nov 2019 - It has been a mostly positive day of trade for the Australian share market. After a small dip after the first hour of trade, the local bourse managed to close 0.7 per…

TechnologyOne (ASX:TNE) shares drop despite posting profit increase: ASX tracking 0.04% higher at noon

19 Nov 2019 - The ASX rose at the open only to dip in the first hour of trade and is now tracking 0.04% higher at noon. The A2 Milk (ASX:A2M) company lifted its earnings margin for…

ResiFund - diversified residential real estate

13 Nov 2019 - OpenCorp Founder & Director Matthew Lewison talks about the company's new residential property fund, ResiFund, where it invests, its aims and how it hopes to deliver …

Healthcare sector leads the day: ASX closes 0.7% higher

11 Nov 2019 - It has been a positive day of trade for the ASX, the local bourse managed to close 0.7% higher. Shares in Fortescue Metals (ASX:FMG) took a dip today. Perenti Global …

Citi upgrades Afterpay Touch Group (ASX:APT) to a Buy: ASX tracking 0.6% higher at noon

11 Nov 2019 - The ASX has risen at the open following positive leads from Wall Street. It is now tracking 0.6% higher at noon. Afterpay (ASX:APT) shares are on the rise after Citi …

Ridley Corporation (ASX:RIC) to reduce staff levels

11 Nov 2019 - Ridley Corporation (ASX:RIC) says there will be a new organisational restructure with implications for their financial year 2020.

Perenti Global (ASX:PRN) mine operations still suspended after deadly attack

11 Nov 2019 - Mining Services provider Perenti Global (ASX:PRN) confirmed 19 workers died and 26 staff were injured last week in an incident that occurred close to Canadian-based m…

Clean Teq (ASX:CLQ) completes waste water plant in Oman

11 Nov 2019 - Clean Teq (ASX:CLQ) has handed over the Continuous Ionic Filteration waste water treatment plant in the Oman.

Suncorp Group (ASX:SUN) looking to raise $250 million

11 Nov 2019 - Suncorp Group (ASX:SUN) is looking to raise $250 million with the ability to raise more or less, through the offer of Suncorp Capital Notes 3.

EML Payments (ASX:EML) acquires Prepaid Financial Services in Europe

11 Nov 2019 - EML Payments (ASX:EML) has entered into a binding agreement to acquire PFS for an upfront enterprise value of $423 million plus an earn-out component of up to $103 mi…

Bubs (ASX:BUB) lauches into one of the largest baby stores in Vietnam

11 Nov 2019 - Bubs Australia (ASX BUB) has launched in Vietnam’s largest Mother & Baby store chain, Bibo Mart.

Trump says no to reducing Chinese tariffs: ASX poised to open higher

11 Nov 2019 - Wall Street continued their gains towards the end of the week, now the ASX looks set to start the week higher. Stocks rose on the optimism that President Donald Trump…

Galilee Energy (ASX:GLL) install higher capacity pump

08 Nov 2019 - Galilee Energy (ASX:GLL) is pleased to provide an update on production operations at its 100 per cent owned and operated Glenaras multi-lateral pilot programme locate…

Virgin Australia (ASX:VAH) has been authorised to cooperate with Virgin Atlantic

08 Nov 2019 - The ACCC has issued a determination authorising Virgin Australia (ASX:VAH) to work more closely with Virgin Atlantic on flights between Australia and the UK and Irela…

The REA Group (ASX:REA) report a 14% drop in EBITDA for the first quarter

08 Nov 2019 - Online real estate classifieds company the REA Group (ASX:REA) reported a 14 per cent drop in earnings before interest, tax, depreciation and amortisation (EBITDA) to…

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