Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Safe haven gold hits 6-year high: ASX set to open lower

08 Aug 2019 - The ASX looks set to open lower this morning. There was some positive investment in the US as the outlook for global growth was bolstered by the Central Bank moves to…

AUD drops to a ten year low against USD: ASX closed 0.6% higher

07 Aug 2019 - The ASX closed 0.6% higher. The Reserve Bank of New Zealand cut official interest rates by 50 basis points today. The New Zealand dollar plunged after the announcemen…

MGM Wireless (ASX:MWR) sales and distribution update

07 Aug 2019 - MGM Wireless Limited (ASX:MWR) CEO, Mark Fortunatow talks about the company's new agreements with Sky UK and UK shopping channel QVC, and expanded distribution across…

Construction at lowest level in 6 years: ASX tracking 0.2% higher at noon

07 Aug 2019 - The ASX is now tracking 0.2 per cent higher at noon. Shares in Suncorp (ASX:SUN) are up over 4%. Resolute Mining (ASX:RSG) are also up as are Regis Resources (ASX:RRL…

Transurban looking to buy the rest of Sydney’s M5 West motorway

07 Aug 2019 - Transurban (ASX:TCL) released their full year results today showing profit from ordinary activities after tax decreased 63.7 per cent to $170 million.

CEO Andrew Wilkinson to leave ALE Property Group

07 Aug 2019 - Andrew Wilkinson, Chief Executive Officer and Managing Director ALE Property Group (ASX:LEP), has indicated after 16 years with the Group that he is look to pursue ne…

Suncorp NPAT falls 83.5%

07 Aug 2019 - Suncorp (ASX:SUN) says its annual profit fell 83.5 per cent from a year ago to $175 million. It was $1,059 million in FY18.

Sequoia Financial Group acquires Libertas Financial Planning

07 Aug 2019 - Sequoia Financial Group (ASX:SEQ) has announced the acquisition of Libertas Financial Planning.

Fonterra to sell a portion of stake in Beingmate

07 Aug 2019 - Fonterra (ASX:FSF) is set to sell a portion of its stake in Beingmate Baby & Child Food Company, which is currently a shareholding of 18.8 per cent.

Commonwealth Bank see cash profit for the year down 4.7% to $8.49b

07 Aug 2019 - The Commonwealth Bank (ASX:CBA) has reported an 8.1 per cent fall in its full year profit with statutory NPAT at $8.571 million.

US stocks steady after sell off: ASX to open higher

07 Aug 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. China moved to stablise its currency as the trade war escalated with the US. …

RBA keeps rates on hold: ASX closed 2.45% lower

06 Aug 2019 - The ASX closed 2.45% lower. Pinnacle Investment Management (ASX:PNI) shares rose today despite the sell off. The RBA kept rates on hold at 1%. All the sectors were do…

Tech and iron ore take a tumble: ASX closes 1.9% lower

05 Aug 2019 - The ASX took at dive at the open and continued to fall throughout the day, closing 1.9% lower, a 5 week low. Iron ore stocks took a tumble and tech companies took a h…

Graincorp warns of hit to earnings: ASX tracking 0.4% lower at noon

02 Aug 2019 - The Aussie share market is now tracking 0.4% lower at noon. It comes as the oil price saw its biggest loss in four years, falling almost eight per cent after Trump a…

Liontown Resources seeks $18 million capital raising

02 Aug 2019 - Liontown Resources (ASX:LTR) has received firm commitments for an $18 million capital raising to underpin the continued exploration and development of its wholly-owne…

AGL postpones Liddell and Torrens closures

02 Aug 2019 - AGL (ASX:AGL) has today informed the Australian Energy Market Operator (AEMO) that the first unit at its Liddell Power Station will close in April 2022 but the remain…

Monadelphous Group signs new contract with Rio

02 Aug 2019 - Engineering company Monadelphous Group (ASX:MND) today announced it has been awarded a major construction contract with Rio Tinto.

Genesis Energy says Kupe production to decline

02 Aug 2019 - Genesis Energy (ASX:GNE) says production from the Kupe gas field it part owns has come off its plateau.

Trump tweets new tariffs: ASX poised to open lower

02 Aug 2019 - Another negative session for US stocks, this time on a Tweet. US President Donald Trump posted on social media saying, on September 1, the US will impose a new tariff…

Janus Henderson shares take a dive: ASX closed 0.4% lower

01 Aug 2019 - After opening in the black the ASX struggled to gain ground this afternoon and tracked sideways to close 0.4% lower. Fund manager Janus Henderson's (ASX:JHG) share pr…

House prices rise for second month: ASX tracking 0.1 lower at noon

01 Aug 2019 - The ASX opened lower and rallied through the morning to stand at 0.1% lower at noon. Nufarm (ASX:NUF) shares rose in early trade after a $97.5m share placement plan a…

Zip Co partners with Big W

01 Aug 2019 - Zip Co Limited (ASX:Z1P) today announced their partnership with Big W which is part of the Woolworths Group (ASX:WOW).

Qantas has no plans to increase stake in Alliance as ACCC investigates

01 Aug 2019 - Qantas (ASX:QAN) has agreed to not expand its stake in regional carrier Alliance Aviation while the ACCC investigates what the shareholding could mean for competition…

Downer EDI wind farm partner files self-administration proceedings

01 Aug 2019 - Downer EDI (ASX:DOW) reports that their partner in the Murra Warra Wind Farm in Victoria, Senvion has filed self-administration proceedings in Germany.

Wattle Health’s Blend & Pack acquisition moves forward

01 Aug 2019 - Wattle Health Australia (ASX:WHA) says that following shareholder approval yesterday they are now working towards the proposed acquisition of 75 per cent interest in …

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