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Tower (ASX:TWR) voluntarily refunds $7.2M: ASX secures 6th week of gains
05 Jun 2020 - The Australian share market made a comeback this afternoon to finish 0.1 per cent higher today, falling just short of the 6,000 point level. The market was buoyed by a strong performance from the Financials sector. New Zealand Insurance Company, Tower (ASX:TWR) is refunding customers to the tune of $7.2 million due to the lower cost of car claims during the covid lock down period.

FIRB approval for Avita (ASX:AVH) US move: Aus shares 0.3% lower at noon
05 Jun 2020 - The Australian share market is off to a weak start following mixed leads from Wall Street. It has been a see-saw morning in early trade with the ASX200 down 0.3 per cent at noon. Regenerative medicine company, Avita Medical (ASX:AVH) has received Foreign Investment Review Board approval to redomicile the company and its subsidiaries from Australia to the US.

Atomo Diagnostics (ASX:AT1) expands covid partnership: Aus shares to open lower
05 Jun 2020 - Australian shares are set to open lower this morning. Wall Street closed mixed last night as investors pulled the handbrake on the multi session equity rally as weak economic data came it. Medical device manufacturer, Atomo Diagnostics (ASX:AT1) has expanded its existing COVID-19 rapid test partnership with NG Biotech.

Fourth consecutive day of gains: ASX closes 0.8% higher
04 Jun 2020 - It has been a positive day of trade for the Australian share market hitting four consecutive days of gains. With a sell off around lunchtime the local bourse managed to close 0.8% higher. Shares in Unibail-Rodamco-Westfield (ASX:URW) are on the up as shopping restrictions in Europe ease. Macmahon Holdings (ASX:MAH) has secured an expansion and three year extension of its work at the Byerwen coking coal mine in Queensland’s Bowen Basin.

Retail sales slumped 17.7% in April: ASX tracking 0.4% higher at noon
04 Jun 2020 - The ASX shot up at the open and is now tracking 0.4% higher at noon. Shares in Unibail-Rodamco-Westfield (ASX:URW) are on the up as shopping restrictions in Europe ease. Shares in Nufarm (ASX:NUF) meanwhile are declining. And Primewest (ASX:PWG) has acquired an 8.3% strategic interest in Clime Investment Management (ASX:CIW) via an underwritten placement.

Australia poised for recession: ASX set to open higher
04 Jun 2020 - Following a broad rally from US markets overnight, the ASX looks set to open higher this morning. If the GDP continues to fall in the next quarter Australia will enter its first technical recession in 29 years. The Australian dollar continues to rise against the USD. AFT Pharmaceuticals (ASX.AFP) has signed an exclusive distribution agreement with Austria’s Ever Valinject for the commercialisation of Maxigesic IV.

Banks lead the advance in catch-up rally: ASX closed 1.8% higher
03 Jun 2020 - It has been a positive day of trade for the ASX after a rise at the open the local bourse managed to gain momentum closing 1.8% higher. Banks blostered the market today following GDP and building approvals data from the ABS earlier today. Ingenia Communities Group (ASX:INA) has increased its Security Purchase Plan (SPP) offer to $28 million, above the original target of $25 million.

Gross Domestic Product fell 0.3% in the March quarter: ASX tracking 0.9% higher at noon
03 Jun 2020 - The ASX shot up at the open and is now tracking almost 0.9% higher at noon. Banks are performing well so far this morning following GDP and building approvals data from the ABS earlier today. Shares in SkyCity (ASX:SKC) rose as they announced they expect total annualised cost savings of around NZ$50m. Infigen Energy (ASX:IFN) is considering its response to the off-market takeover proposal from UAC Energy Holdings.

AUD jumps 1.5% against the USD: ASX poised to open higher
03 Jun 2020 - Following gains from US markets overnight, the ASX looks set to open higher this morning. Around the world stock markets have hit their highest levels since March as signs of a global economic recovery from Covid-19 offset concerns over civil unrest in the US. Back home, the Aussie dollar lifted by another 1.5% overnight, a level not seen since mid-January. SkyCity (ASX:SKC) expects total annualised cost savings of around NZ$50 million.

RBA keeps interest rates on hold at 0.25%: ASX closes 0.3% higher
02 Jun 2020 - It has been an up and down day of trade for the Australian share market, which closed 0.3 per cent higher. Shopping centre company Unibail-Rodamco-Westfield saw their shares rise today after opening 65 of 90 centres after Covid-19 restrictions were eased. Shares in Vicinity Centres (ASX:VCX) are down after they raised $1.2 billion in a fully underwritten placement. The information technology sector bolstered the market today. Zip Co (ASX:Z1P) looks to buy New York-based buy now, pay later company, QuadPay.