Search News:


Coca-Cola Amatil gets $12.75 a share cash bid from Coca-Cola European Partners: Aus shares to open higher
26 Mon 2020 - Local shares are set to rise despite a mixed finish on Wall Street on Friday. It was a choppy day of trade as investors continued to monitor developments in talks over a stimulus package.

Market welcomes IPOs: The ASX closed 0.1% lower
23 Oct 2020 - The Australian share market managed to close 0.1 per cent down. Iluka Resources (ASX:ILU) saw a sharp drop in their shares today thanks to the spin-off of its royalties business, the Deterra Royalties (ASX:DRR). CIMIC Group’s (ASX:CIM) minerals processing company, Sedgman, has been awarded two contract extensions by QCoal.

Iluka Resources (ASX:ILU) spin-off Deterra Royalties debuts: ASX tracking 0.3% lower at noon
23 Oct 2020 - The ASX was choppy at the open and is now tracking 0.3% lower at noon. Miners weighed on the market with Iluka (ASX:ILU), Sandfire (AXS:SFR) and Resolute (ASX:RSG) all seeing a dip in their shares. Iluka has decided to create Australia's largest resource royalties company in Deterra Royalties (ASX:DRR) from a de-merger. Meanwhile, shares in Bluescope Steel (ASX:BSL) did well today. Austal (ASX:ASB) has entered into an agreement to acquire Australian-based BSE Maritime Solutions Group.

'Exciting' season expected for the wheat harvest: ASX poised to open flat
23 Oct 2020 - The ASX looks set to open flat this morning as US stocks rallied after a lift in Treasury yields. The wheat harvest here is set for a promising season after some rain events. The chief executive of Australia Post is standing aside after four senior employees were given $3,000 Cartier watches after securing a deal back in 2018. Infratil (ASX:IFT) confirms that it is a member of a consortium in discussions regarding an acquisition of a majority interest in Qscan Radiology Clinics.

The Big Four drag on the market: ASX closed 0.3% lower
22 Oct 2020 - The ASX managed to close 0.3% lower. Shares in Healius (ASX:HLS) did well today after they reported a strong first quarter. Shares in Unibail-Rodamco-Westfield (ASX:URW) The big four banks all closed lower today. As for the sectors today Healthcare led the day and Energy fell lower. Worley (ASX:WOR) reports that the shareholder class action brought against it has been decided in Worley’s favour.

Fewer Australian businesses report falling revenue: ASX tracking 0.7% lower at noon
22 Oct 2020 - The ASX fell at the open and is now tracking 0.7% lower at noon. Shares in Resolute Mining (ASX:RSG) are down almost 8% after they reported their September quarter gold production fell 19%. Healius (ASX:HLS) shares are up after a strong first quarter update. OZ Minerals (ASX:OZL) lifted its gold production guidance from its Prominent Hill operation and lowered its cost guidance for 2020.

Tesla profit doubles beating quarterly estimates: ASX to open lower
22 Oct 2020 - The ASX looks set to open lower this morning as continuing poor Covid-19 virus data comes in from both Europe and the US. China has added a new export law in the latest trade dispute move with the US allowing China to ban some exports to protect national security. Kathmandu Holdings (ASX:KMD) report group sales, including 9 months of having acquired Rip Curl, are up 48.7% to $801.5 million.

US stimulus hopes boost markets: ASX closes 0.1% higher
21 Oct 2020 - The ASX rose at the open and managed to close the day 0.1% higher. Shares in Orora (ASX:ORA) are up as they report their first quarter US earnings are doing well. Shares in Mesoblast (ASX:MSB) and Graincorp (ASX:GNC) didn’t fare so well. Macmahon Holdings (ASX:MAH) has been selected as the preferred tenderer to provide equipment hire and maintenance services at the Foxleigh mine in Queensland.

Retail sales have fallen 1.5% in September: ASX tracking 0.1% higher at noon
21 Oct 2020 - The ASX rose at the open and is now tracking 0.1% higher at noon. Shares in Orora (ASX:ORA) are up as they report their first quarter US earnings are doing well. Shares in Megaport (ASX:MP1) have dropped despite reporting strong growth in the first quarter. Starpharma (ASX:SPL) today announced that it has received a $5.7 million R&D tax incentive refund.

Recession sees rise in jobs for young workers: ASX poised to open higher
21 Oct 2020 - The ASX looks set to open higher as Trump pushes for a comprehensive Covid-19 relief package for the US, saying he would accept a deal worth more than $2.2 trillion. Back home the number of payroll jobs for Australians under 20 is rising above pre-coronavirus levels, but jobs for every other age group are on the decline. Genesis Energy (ASX:GNE) report that their retail segment performed strongly in the first quarter with total electricity sales volumes up 3.4%.