Finance News Network

News by Rachael Jones

Rachael Jones

Finance News Network

Infratil announces clearance to acquire Vodafone NZ

11 Jul 2019 - Infratil (ASX:IFT) announced Brookfield Asset Management's intention to acquire Vodafone New Zealand from Vodafone Group Plc. Today the Commerce Commission granted cl…

Michael Hill may spend up to $25 million on staff underpayments

11 Jul 2019 - Jeweller Michael Hill International (ASX:MHJ) is set to do a full remediation program after a review of retail employment contracts showed many staff were underpaid i…

Powell sends rate cut signal: ASX set to open higher

11 Jul 2019 - The ASX is set to open higher this morning as US stocks rose to all time highs. US Federal Reserve Chairman Jerome Powell signaled a willingness to lower rates this …

West African Resources see high-grade results from Burkina Faso

10 Jul 2019 - Gold developer West African Resources (ASX:WAF) reports assay results from the M1 South open pit at the Sanbrado Gold Project in Burkina Faso showing high-grade resul…

Carnarvon Petroleum show cash holdings down on previous quarter

10 Jul 2019 - Carnarvon Petroleum (ASX:CVN) has released their quarterly report for June showing the company's cash holdings at the end of the quarter were down - $73.8 million, co…

Pantoro acquires 50% of Central Norseman Gold Project

10 Jul 2019 - Pantoro (ASX:PNR) has completed the acquisition of 50 per cent of the Central Norseman Gold Project.

Alliance Aviation Services buys five more Fokker 100 Aircraft

10 Jul 2019 - Alliance Aviation Services (ASX:AQZ) has entered an agreement with Swiss airline Helvetic Airways for the purchase of five Fokker 100 aircraft and the entirety of Hel…

Automotive Holdings Group sells interest in motorcycle business

10 Jul 2019 - Automotive Holdings Group (ASX:AHG) has completed the sale of its interest in Motorcycle Distributors Australia.

Bell Financial Group expects 1H19 profit up 50%

10 Jul 2019 - Diversified financial services business, Bell Financial Group (ASX:BFG) today advised that it expects its first half 2019 net profit before tax attributable to shareh…

US and China trade officials meet: ASX poised to open higher

10 Jul 2019 - Following mixed leads from US markets, the ASX looks set to open higher. US stocks braced for Central Bank news this week and faltered on concerns regarding the US-Ch…

Fortescue Metals down as ore price falls: ASX closes 0.5% higher

05 Jul 2019 - It has been a positive day of trade for the Australian share market. The local bourse managed to maintain momentum to gain 0.5%. Fortescue Metals Group’s Founder and …

Western Areas rise after completing works: ASX tracking 0.1% higher at noon

05 Jul 2019 - The ASX rose at the open and is now tracking 0.1% higher at noon. The Real Estate Investment Trust sector is leading the way and the Material sector trailing behind. …

Frank Costa to step down from Costa Group Holdings

05 Jul 2019 - Frank Costa has decided that it is time for him to step back from his Board role at Costa Group Holdings (ASX:CGC).

Magellan Financial Group give June Funds update

05 Jul 2019 - Magellan Financial Group (ASX:MFG) experienced net inflows of $488 million, which included net retail inflows of $132 million and net institutional inflows of $356 mi…

Fonterra CFO addresses share price drop

05 Jul 2019 - The Chief Financial Officer of New Zealand dairy co-operative Fonterra (ASX:FSF) Marc Rivers says nothing new has happened in its underlying business operations to ca…

AP Eagers proposal to divest Kloster Motor Group

05 Jul 2019 - Automotive retail group AP Eagers (ASX:APE) has offered to divest Kloster Motor Group to help secure regulatory authorisation for the proposed merger with Automotive …

Speedcast International gives clarification on US Government contract

05 Jul 2019 - Speedcast International (ASX:SDA) addresses an article in the Australian Financial Review yesterday implying that they had been awarded a US Department of Homeland Se…

Lepidico sees Desert Lion Energy obtain a final order

05 Jul 2019 - Lepidico (ASX:LPD) says Desert Lion Energy has obtained a final order from the Ontario Superior Court of Justice approving a statutory plan of arrangement where a sub…

Bond yields fall: ASX set to open lower

05 Jul 2019 - The ASX looks set to open lower. There were thin trading volumes globally due to the US market being closed for Independence Day. European shares edged higher. Yester…

Market within 100 points of an all-time high: ASX 0.6% higher at noon

04 Jul 2019 - The ASX is around 100 points away at noon from reaching an all time high of 6,828.7 (1 November 2007). Shares were trading at a fresh 11.5 year high at the open this …

NB Global Corporate Income Trust raises $476 million

04 Jul 2019 - Global investment manager Neuberger Berman announced that the capital raise for the NB Global Corporate Income Trust (ASX:NBI) has raised $476 million.

Ioneer produces first high-purity boric acid

04 Jul 2019 - Emerging lithium-boron supplier, ioneer (ASX:INR) has started the main run of ore processing from its pilot plant.

Think Childcare acquires four new childcare services

04 Jul 2019 - Think Childcare (ASX:TNK) has now completed the acquisition of four newly constructed, purpose-built Nido childcare Services.

Metro Mining sees steady ramp-up for Bauxite Hills Mine

04 Jul 2019 - Metro Mining (ASX:MMI) have released their June quarter results showing a steady ramp up at The Bauxite Hills Mine during the quarter, achieving consistent results on…

Unibail-Rodamco-Westfield sell the Tour Majunga office building

04 Jul 2019 - Unibail-Rodamco-Westfield (ASX:URW) has completed the sale of the Tour Majunga office building, located in the heart of the La Défense business district in Paris in F…

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