Oil drags ASX lower, US futures in red: Aus shares close 1.1% lower

Finance News
23/10/2018 17:00:00

23 Oct 2018 - Market wrap. ASX slips as oil retreats US$70 as Saudis pledge to boost output. Energy sector down over 3%, 5 sectors follow 1% lower. Washington H Soul Pattinson & Company slips from all time highs on profit-taking. WorleyParsons buy reiterated by Citi. Healthscope up 19% as BGH offers $4.1b takeover again.

Healthscope injects life into ASX: Aus shares 0.8% lower at noon

Finance News
23/10/2018 12:42:00

23 Oct 2018 - Market at Midday. Healthscope (ASX:HSO) up 21% on 2nd $4.1b BGH takeover offer. Domino's Pizza (ASX:DMP) up 2.3% on settling legal dispute. Resolute Mining (ASX:RSG) down 7% despite holding guidance. Metallurgical coal co' Coronado Global Resources (ASX:CRN) starts trading. Iron ore rallies.

Global Geoscience study proves it’s a life-long, low cost producer

Company News
23/10/2018 11:35:00

23 Oct 2018 - Top 300 company, Global Geoscience (ASX:GSC) released results from its independent pre-feasibility study noting its Rhyolite Ridge lithium-boron Nevada, USA project, is a life-long, lost cost project at the bottom of the cost curve.

Mirvac on track for 2-4% EPS growth in FY19

Company News
23/10/2018 11:35:00

23 Oct 2018 - Mirvac Group (ASX:MGR) advised its retail and industrial property portfolios and sales are tracking as expected in the first quarter of the 2019 financial year.

Oil Search upgrades full year guidance and drops costs

Company News
23/10/2018 10:35:00

23 Oct 2018 - Oil Search (ASX:OSH) saw its total production rise 39 per cent in the September quarter, compared to the prior quarter, lifting revenue and full year guidance.

Healthscope receives $4.1 billion takeover offer again

Company News
23/10/2018 10:35:00

23 Oct 2018 - Australia's second largest private hospital operator, Healthscope (ASX:HSO) has received a second takeover offer for $4.1 billion for $2.36 cash per share.

Asaleo Care appoint new CEO and Managing Director

Company News
23/10/2018 09:30:00

23 Oct 2018 - Asaleo Care (ASX:AHY) has appointed Sid Takla CEO and Managing Director.

German patent case against Fisher & Paykel sees results

Company News
23/10/2018 09:30:00

23 Oct 2018 - Fisher & Paykel Healthcare Corporation (ASX:FPH) announced today that the Munich Regional Court has found the headgear for two of its masks used in the treatment of obstructive sleep apnoea (OSA) infringed a patent held by ResMed (ASX:RMD).

Rollercoaster ride for US stocks: ASX set to open lower

Finance News
23/10/2018 08:10:00

23 Oct 2018 - The S&P/ASX 200 Index is set to open lower this morning. Most US equities fell with financial and commodity shares pacing losses. Energy producers slumped more than 1%. The dollar sits at 71 US cents. Production company Beyond International (ASX:BYI) shows a production boost over the next few years.

Asian markets rise on proposed tax reform: ASX closes flat

Finance News
22/10/2018 17:30:00

22 Oct 2018 - The ASX ended the day flat today. At the weekend China's government published a draft of new tax cuts hoping to help overhaul income tax and to spur growth. Asian markets saw a rise in response. Shanghai Composite gained 4.6 per cent after some earlier lows. The Federal Court approved the proposed scheme of arrangement for Charter Hall (ASX:CHC) to acquire 100 per cent of the ordinary shares in Folkestone (ASX:FLK).

Shopping Centres Aus. eyes all-time high: Aus shares 0.8% lower at noon

Finance News
22/10/2018 12:40:00

22 Oct 2018 - Market at Midday. Shopping Centres Aus (ASX:SCP) eyes another all-time high. G8 Education (ASX:GEM) falls after 2-week run. Event Hospitality and Entertainment (ASX:EVT) snaps 5-day losing streak on $358m sale agreement. IPO Straker Translations Limited (ASX:STG) up 13%.

Worley Parsons to acquire Jacobs’ ECR

Company News
22/10/2018 11:45:00

22 Oct 2018 - WorleyParsons (ASX:WOR) has today announced the acquisition of Jacobs' ECR for an enterprise value of US$3.3 billion.

Flight Centre Travel Group releases FY19 guidance

Company News
22/10/2018 11:40:00

22 Oct 2018 - Flight Centre (ASX:FLT) has released a guidance update with underlying profit before tax expected to be within the range of $140 to $150 million for the six months to December 31 2018.

Kazia Therapeutics (ASX:KZA) clinical trial update presentation, FNN Investor Event, October 2018, Sydney

Company Presentations
22/10/2018 11:10:00

22 Oct 2018 - Kazia Therapeutics Limited (ASX:KZA) CEO and Executive Director Dr James Garner provides an update on the company's two clinical stage drug development candidates for the treatment of brain and ovarian cancer at FNN's Investor Event.

Critical technical levels for the market

Stock Watch
22/10/2018 10:50:00

22 Oct 2018 - Fairmont Equities managing director Michael Gable takes a technical look at S&P/ASX200, Aristocrat Leisure, Evolution Mining and Challenger.

Kazia Therapeutics (ASX:KZA) clinical trial update

Interviews
22/10/2018 10:45:00

22 Oct 2018 - Kazia Therapeutics Limited (ASX:KZA) CEO and Executive Director Dr James Garner provides an update on the company's two clinical stage drug development candidates for the treatment of brain and ovarian cancer.

Shopping Centres Australasia launches unit purchase plan

Company News
22/10/2018 10:30:00

22 Oct 2018 - Shopping Centres Australasia (ASX:SCP) has kicked off its unit purchase plan offer.

Argo Investments annual franked dividends increase for sixth consecutive year

Company News
22/10/2018 10:30:00

22 Oct 2018 - Argo Investments (ASX:ARG) has kicked off its AGM in Adelaide today and the company's Chairman, Russell Higgins says Argo has increased annual franked dividends for the sixth year in a row.

Titomic appoints new Managing Director

Company News
22/10/2018 09:40:00

22 Oct 2018 - Titomic (ASX:TTT) has today announced the resignation of CEO Gilbert Michaca and the appointment of Jeffrey Lang as Managing Director.

Virgin’s first quarter revenue lifts 9.7% & beats guidance

Company News
22/10/2018 09:40:00

22 Oct 2018 - Virgin Australia's (ASX:VAH) has beaten its quarterly guidance with revenue increasing by 9.7 per cent compared to the first quarter of last year.

Wall Street posts mixed finish: Aus shares to open in negative territory

Finance News
22/10/2018 08:25:00

22 Oct 2018 - Aus shares to kick off the week in negative territory following mixed leads from Wall Street. Procter and Gamble shares popped 8.8% following strong results. S&P 500 flat & Nasdaq -0.5%. Yancoal (ASX:YAL) has announced second quarter saleable coal production is up 47% on the pcp.

Banks pushed today's rally: ASX closed 0.1% lower

Finance News
19/10/2018 17:15:00

19 Oct 2018 - The ASX has seen an impressive rally throughout the day as it rose on the major banks but still closed lower. Westpac (ASX:WBC) and Comm Bank (ASX:CBA) closed the week higher. The financial sector recorded its best result in four weeks. Tilt Renewables (ASX:TLT) has revised its underlying EBITDAF guidance for 2019 from a range of A$120 – A$127m to a new range of A$134 - A$138m.

Early sell-off abates: ASX 0.3% lower at noon

Finance News
19/10/2018 13:10:00

19 Oct 2018 - The ASX opened lower this morning then saw an early sell off. Bellamys (ASX:BAL) Seven Group Holdings (ASX:SVW) and Afterpay (ASX:APT) have all seen declines. BHP (ASX:BHP) was dragging the market. Galaxy resources though (ASX:GXY) gained over 6 per cent. QEM (ASX:QEM) started trading today and Austal awarded new order from US Navy.

ClearVue Technologies receive ATO boost

Company News
19/10/2018 11:40:00

19 Oct 2018 - Smart building material company ClearVue Technologies (ASX:CPV) has received a payment from the Australian Tax Office of almost $500,000 as part of the Commonwealth Government Research & Development Tax Incentive Program.

AVZ Minerals see more high-grade results from Lithium Project

Company News
19/10/2018 11:40:00

19 Oct 2018 - AVZ Minerals (ASX:AVZ) is pleased to report it has received further high-grade results from its Mineral Resource drilling at the Manono Lithium Project in the Democratic Republic of Congo.