Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Global stocks plunge on virus fears: ASX poised to open lower

06 March 2020 - Following negative leads from US markets, the ASX looks set to open lower this morning. Stocks plunged in the US erasing most of the gains from earlier in the week.…

Westpac Banking Corporation (ASX:WBC) set to replace Lindsay Maxsted on the board

06 Mar 2020 - Westpac Banking Corporation (ASX:WBC) has today confirmed that Lindsay Maxsted will retire from the Board effective 31 March 2020.

Fraser Whineray resigns from the board of Tilt Renewables (ASX:TLT)

06 Mar 2020 - Tilt Renewables (ASX:TLT) has announced the resignation of Fraser Whineray as a non-independent director from the end of this month.

All sectors close in the black: ASX closes 1.1% higher

05 Mar 2020 - It has been a welcome positive day of trade for the ASX which opened higher, and closed 1.1% higher. Jumbo Interactive (ASX:JIN) saw their shares fall as did Corporat…

TPG (ASX:TPM) shares soar on ACCC merger decision: ASX tracking 1.8% higher at noon

05 Mar 2020 - The ASX shot up at the open and is now tracking 1.8% higher at noon. Shares in TPG Telecom (ASX:TPM) rose after the ACCC said they would not appeal the merger with Vo…

Magellan (ASX:MFG) report net inflows for February

05 Mar 2020 - Magellan (ASX:MFG) has reported net inflows of $453 million in February, which included net retail inflows $60 million and $393 million of institutional funds.

Myer Holdings (ASX:MYR) see 3.8% drop in H1 sales

05 Mar 2020 - Retail giant Myer Holdings (ASX:MYR) has reported a 36.5 per cent drop in first half profit to $24.4 million.

ACCC will not appeal TPG (ASX:TPM)-Vodafone merger

05 Mar 2020 - The ACCC will not appeal the Federal Court’s recent decision that the proposed merger between TPG Telecom (ASX:TPM) and Vodafone Hutchison Australia (ASX:HTA) would n…

National Australia Bank (ASX:NAB) set to say goodbye to Mike Baird

05 Mar 2020 - National Australia Bank (ASX:NAB) today announced that Chief Customer Officer – Consumer Banking, Mike Baird, had decided to leave the bank, next month.

IMF launch $50b aid program for coronavirus: ASX set to open higher

05 Mar 2020 - Following a strong rally over night on the US markets, he ASX looks set to open higher this morning. Following rate cuts from the RBA and the Federal Reserve, the Ban…

National Veterinary Care (ASX:NVL) settles their third clinic this year

05 Mar 2020 - National Veterinary Care (ASX:NVL) is pleased to report that the acquisition of the third veterinary clinic has now been settled.

Eclipx (ASX:ECX) makes executive changes with three new appointments

05 Mar 2020 - Eclipx (ASX:ECX) has made three new appointments to the executive team; Damien Berrell as Group CFO, Dom Di Gori as Treasurer and James Allaway as Group Head Strategy…

Neuren Pharmaceuticals (ASX:NEU) see FDA approval for treatment of Rett syndrome

04 Mar 2020 - Acadia Pharmaceuticals Inc. and Neuren Pharmaceuticals (ASX:NEU) announced today that the US Food and Drug Administration (FDA) granted Rare Pediatric Disease (RPD) d…

Starpharma (ASX:SPL) see Okamoto licence Vivagel condoms in Asian countries

04 Mar 2020 - Starpharma (ASX:SPL) today announced that following the successful launch of the VivaGel antiviral condom by Okamoto Industries in Japan, they are now seeking to expa…

IGO (ASX:IGO) enters $15m earn-in agreement in Paterson Province

04 Mar 2020 - IGO (ASX:IGO) has elected to enter an earn-in and joint venture agreement to sole fund up to $15 million in exploration expenditure at the Yeneena copper-cobalt proje…

Dexus (ASX:DXS) will cease the management of the Australian Mandate

04 Mar 2020 - Real estate group Dexus (ASX:DXS) will end the management of the Australian Mandate, comprising a $1.6 billion property portfolio from 30 June 2020.

Emergency rate cut from the Fed: ASX set to open lower

04 Mar 2020 - Following negative leads from US markets, the ASX looks set to open lower this morning. In the US the Federal Reserve, in a surprise move, cut its benchmark interest …

Crown Resorts (ASX:CWN) welcome Ken Barton as a director

04 Mar 2020 - Crown Resorts (ASX:CWN) announced that the appointment of Ken Barton as a director of Crown has become effective.

Engenco (ASX:EGN) sell rail wagon fleet

04 Mar 2020 - Industrial engineering services group, Engenco (ASX:EGN) is pleased to announce that its subsidiary, Gemco Rail has crystallised an unconditional sale agreement to se…

RBA cuts rates to 0.5%: ASX closes 0.7% higher

03 Mar 2020 - The ASX rose at the open and the local bourse managed to close 0.7% higher. The Reserve Bank of Australia delivered a 25-basis-point cut, taking the cash rate to the …

Current account surplus recorded: ASX tracking 1.9% higher at noon

03 Mar 2020 - The ASX rose at the open and is now tracking 1.9% higher at noon. Shares in Clinuvel (ASX:CUV) rose today after reporting yesterday that their supply of Scenesse – it…

Santos (ASX:STO) see major contracts awarded for the Barossa Project

03 Mar 2020 - Santos (ASX:STO) today announced the award of contracts for the supply and installation of subsea infrastructure for the Barossa project.

Big River Industries (ASX:BRI) buy Pine Design Truss and Timber

03 Mar 2020 - Big River Industries (ASX:BRI) has completed the acquisition of Pine Design Truss and Timber (Pine Design), located in Adelaide, South Australia.

Dow surges on coronavirus confidence: ASX set to open higher

03 Mar 2020 - The ASX looks set to open higher this morning after a volatile day on Wall Street ending with a rise in the Dow. Utilities, tech, consumer staples and real estate all…

Freedom Foods Group (ASX:FNP) appoint new independent non executive director

03 Mar 2020 - Freedom Foods Group (ASX:FNP) announced that Genevieve Gregor will join its Board as an independent non-executive director, effective today.

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