Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Resolute Mining see a boost in gold and silver sales

30 Aug 2019 - Resolute Mining (ASX:RSG) reports a half year net profit after tax of $39 million for the six month period ended 30 June 2019, the same as the prior corresponding per…

Link Admin shares on the up after pleasing NPAT: ASX closes 0.1% higher

29 Aug 2019 - The ASX fell throughout the day managing to gain momentum before the close to close at 0.1% higher. Financial company Link Administration Holdings (ASX:LNK) shot up o…

Appen shares hit despite revenue boost: ASX tracking 0.2% lower at noon

29 Aug 2019 - After a small rise at the open the ASX took a dip and continues to fall tracking 0.2% lower at noon. Shares in Woolworths (ASX:WOW) dragged on the market despite show…

Starpharma see positive results in ovarian cancer treatment

29 Aug 2019 - Starpharma (ASX:SPL) has seen positive results with targeted DEO using antibody fragment in human ovarian cancer model.

AI company Appen see impressive revenue growth

29 Aug 2019 - Appen (ASX:APX) says its half-year statutory profit rose 33 per cent to $18.6 million with revenue up 60 per cent to $245.1 million.

Cromwell Property Group see 11% increase in operating profit

29 Aug 2019 - Real estate investor and manager Cromwell Property Group (ASX:CMW) today reported full-year statutory profit of $159.9 million, a drop from last year's $204.1 million…

Melco Resorts delays plans for Crown Resorts

29 Aug 2019 - Melco Resorts is delaying its full $1.2 billion share acquisition stake in Crown Resorts (ASX:CWN) waiting on conclusion from the inquiry of the NSW Independent Liquo…

Village Roadshow to sell Edge Loyalty for $32.3 million

29 Aug 2019 - Village Roadshow (ASX:VRL) has signed an agreement to sell its wholly owned promotional solutions agency, Edge Loyalty Systems.

Woolworths lifts profit to $1.75 billion

29 Aug 2019 - Woolworths (ASX:WOW) has increased its net profit after tax 7.2 per cent to $1.75 billion for the year, helped by strong food sales in its supermarkets.

Energy bolsters US stocks: ASX poised to open lower

29 Aug 2019 - Despite positive leads from US markets, the ASX looks set to open lower this morning, a US lift not enough to bolster our market. Energy shares rallied in the US, Tex…

Oil Search guidance uncertain after mooring system damaged: ASX closes 0.5% higher

28 Aug 2019 - It has been a rollercoaster of a day for the ASX. After opening in the red the local bourse managed to gain momentum to close at 0.5% higher. Shares in Bega Cheese (A…

Construction work done falls sharper than expected: ASX 0.2 per cent higher at noon

28 Aug 2019 - The ASX opened lower following soft leads from Wall Street and is now tracking 0.2% higher at noon. Shares in Bega Cheese (ASX:BGA) are on the up despite reporting to…

Bega Cheese sees profit slump 59%

28 Aug 2019 - Bega Cheese (ASX:BGA) has seen their profit decline by half to $11.8 million, a loss of 59 per cent from $28.8 million a year ago.

Baby food company Bellamy's see huge decline in profits

28 Aug 2019 - Organic baby food company Bellamy's (ASX:BAL) report a substantial decline in profits - 49.3 per cent loss to $21.7 million from last year's $42.8 million.

Aveo Group statutory loss after tax of $213.4 million

28 Aug 2019 - Owner of retirement communities, Aveo Group (ASX:AOG), today reported a statutory loss after tax of $213.4 million for the year ended 30 June 2019.

Virgin Australia set to lose 750 jobs

28 Aug 2019 - Virgin Australia (ASX:VAH) is set to lose 750 corporate and head office roles, representing $75.0 million in cost savings by the end of Financial Year 2020.

Adelaide Brighton's profit hit by softening of construction market

29 Aug 2019 - Construction materials and lime producer Adelaide Brighton (ASX:ABC) today reported its half year results for the period ending 30 June 2019 showing reported net loss…

Macquarie Group looking to raise $1 billion

28 Aug 2019 - Macquarie Group (ASX:MQG) is looking to raise $1 billion in equity capital from institutional investors.

China unaware of Trump's phone calls: ASX poised to open lower

28 Aug 2019 - Following weak leads and a seesaw session from US markets, the ASX looks set to open lower. Banks pulled the drag. The S&P500 fell on the tumultuous China/US trade ta…

Caltex to sell 50 sites after disappointing half-year results

27 Aug 2019 - Petol station and convenience store owner Caltex (ASX:CTX) has reported a 54 per cent fall in first-half profit, on a "replacement cost" basis at $135 million for the…

Cann Group to increase Mildura facility

27 Aug 2019 - Cann Group (ASX:CAN) plans to increase production of its large-scale state-of-the-art greenhouse facility in Mildura.

Wesfarmers NPAT up 13.5% on pcp

27 Aug 2019 - Wesfarmers (ASX:WES) reported net profit after tax $1.9 billion, that's up 13.5 per cent on the prior corresponding period, excluding significant items.

Inghams Group see high demand for poultry

27 Aug 2019 - Inghams Group (ASX:ING) announced its financial results for the full year ending 29 June 2019 showing NPAT of $126.2 million an increase of 10.1 per cent on last year…

Pilbara Minerals finalises terms sheet with POSCO for South Korean JV

27 Aug 2019 - Lithium producer, Pilbara Minerals (ASX:PLS) has finalised and executed a binding terms sheet with POSCO to form an incorporated JV in South Korea to develop and oper…

Noni B earnings rises 22% in FY19

27 Aug 2019 - Fashion company Noni B (ASX:NBL) today announced its financial results for the year ended 30 June 2019 showing net profit after tax (NPAT) for the year was $8.2 milli…

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