Banks drag market down: Aus shares 0.7 % lower

Finance News
22/05/2018 17:00:00

22 May 2018 - The Australian share market closed lower today with banks doing all the dragging. ANZ (ASX:ANZ) Westpac (ASX:WBC) the Commonwealth Bank (ASX:CBA) and NAB (ASX:NAB) all saw a drop. Telstra shares are down to a seven year low. While iron ore futures are pointing to a fall of 3 per cent. James Hardie (ASX:JHX) has announced a 47 per cent fall in net profit to $146 million for the year ended March 2018.

Aus. Market slumps: Aus shares 0.8% lower at noon

Finance News
22/05/2018 12:00:00

22 May 2018 - The Australian share market dropped at the open this morning defying positive leads from Wall Street and is now tracking 0.8 per cent lower at noon. APN Outdoor (ASX:APO) has offered $500 million to HT&E for its outdoor media business Adshel.

Afterpay Touch announces sale of ED shareholdings

Company News
22/05/2018 11:00:00

22 May 2018 - Afterpay Touch (ASX:APT) has announced the sale of of over 5 million shareholdings by Executive Directors.

Big Un’s Big Review TV placed into voluntary administration

Company News
22/05/2018 11:00:00

22 May 2018 - Video and TV platform Big Un (ASX:BIG) has announced its wholly owned subsidiary Big Review TV has been placed into voluntary administration.

Emeco completes retail entitlement offer

Company News
22/05/2018 10:15:00

22 May 2018 - Emeco (ASX:EHL) has announced the successful completion of its retail offer.

Wattle Health inks deal with Metcash Trading

Company News
22/05/2018 10:15:00

22 May 2018 - Dairy company Wattle Health (ASX:WHA) has inked a deal to supply its baby food range to Metcash Trading.

James Hardie announces 47% drop in net profit

Company News
22/05/2018 09:40:00

22 May 2018 - James Hardie (ASX:JHX) has announced a 47 per cent fall in net profit to $146 million for the year ended March 2018.

Healthscope rejects takeover proposals

Company News
22/05/2018 09:40:00

22 May 2018 - Private Hospital group, Healthscope (ASX:HSO) has rejected takeover proposals from private equity funds BGH and Brookfield.

Wall Street rallies: Aus shares to defy positive leads and drift lower

Finance News
22/05/2018 08:23:00

22 May 2018 - Australian shares look set to drift lower even though US markets surged as China-US trade tensions eased. Wall Street rallied on Monday after Treasury Secretary Mnuchin said that the trade war and the tariffs were "on hold." APN Outdoor Group (ASX:APO) has made a bid for advertising business Adshel.

Downgrades and weak sentiment: Aus shares close 0.05% lower

Finance News
21/05/2018 17:15:00

21 May 2018 - Market Wrap: ASX kicks off week in red amid weak sentiment, broker downgrade and a fall in the iron ore price with Fortescue (ASX:FMG) losing 3%. Company news on Boral (ASX:BRL), Star Combo Pharma (ASX:S66) rally continuing, Transurban (ASX:TCL) distribution, WiseTech Global (ASX:WTC) plus more ASX listed news.

Lake Resources (ASX:LKE) Kachi Lithium Brine Project

Interviews
21/05/2018 13:00:00

21 May 2018 - Lake Resources Limited (ASX:LKE) Managing Director Steve Promnitz discusses the company's Kachi Lithium Brine Project’s in Argentina, drilling results and work plan following its recent capital raising.

Another health booster shot: Aus shares steady at noon

Finance News
21/05/2018 12:45:00

21 May 2018 - Market at Midday: ASX spends morning recovering from US/China tensions. Watch for the latest news on AGL (ASX:AGL), Vocus Group (ASX:VOC), IPO from Wednesday, Star Combo Pharma (ASX:S66) continues its stellar run, plus news on WiseTech Global (ASX:WTC) and Australian Mines (ASX:AUZ).

Are shares in Mayne Pharma now ready to rally?

Stock Watch
21/05/2018 11:50:00

21 May 2018 - Fairmont Equities managing director Michael Gable takes a technical look at Mayne Pharma Group, MNF Group, Service Stream and Kogan.com.

Santos receives higher offer from Harbour Energy

Company News
21/05/2018 11:20:00

21 May 2018 - Santos (ASX:STO) has received an increased takeover offer from US company Harbour Energy of $5.21 per share.

Worley Parsons Awarded Neptune Energy contract

Company News
21/05/2018 11:20:00

21 May 2018 - Rosenburg Worley Parsons (ASX:WOR) has been awarded a three year contract by Neptune energy.

MGC Pharmaceuticals expects formal approval for medicinal cannabis facility in weeks

Company News
21/05/2018 10:39:00

21 May 2018 - MGC Pharmaceuticals (ASX:MXC) says the legalization of medicinal cannabis in Malta means it can obtain a formal contract for the production and cultivation of the plant.

Vocus appoints Kevin Russell CEO

Company News
21/05/2018 10:39:00

21 May 2018 - Vocus Group (ASX:VOC) has revealed changes to its board with Kevin Russell to take over as Managing Director and CEO from the 28th of May.

Skycity reveals Adelaide Casino plans

Company News
21/05/2018 09:27:00

21 May 2018 - Skycity (ASX:SKC) has revealed plans for its Adelaide Casino expansion.

AGL knocks back Liddell Power Station offer

Company News
21/05/2018 09:26:00

21 May 2018 - AGL (ASX:AGL) has knocked back the $250 million offer for its Liddell Power Station.

Wall Street mixed : Aus shares to open in the red

Finance News
21/05/2018 08:22:00

21 May 2018 - Australian shares look set to fall after US markets closed mixed on Friday following a roller coaster session. Financials and tech stocks weighed on the S&P 500 with JP Morgan Chase and Google parent company alphabet among the worst performers. Virgin Australia (ASX:VAH) has announced the successful pricing of $150 million of senior unsecured fixed rate notes.

Breaking 6-week winning streak Aus shares close 0.11% lower

Finance News
18/05/2018 17:15:00

18 May 2018 - Market Wrap. First week of losses after six weeks of gains on profit taking and iron ore price falling. Challenger Financial (ASX:CGF) shares saw a lot of bounce today, CSL (ASX:CSL) has upgraded its profit forecasts by about $13 million. Orion Minerals (ASX:ORN) to receive major buy in from Independence Group (ASX:IGO). Watch for full report.

Fairview Equity Partners talks outperformance

Funds Management
18/05/2018 12:15:00

18 May 2018 - Fairview Equity Partners Emerging Companies Fund Executive Director and Portfolio Manager Leigh Cronin discusses the fund's outperformance, the March quarter and new stocks.

Testing new high or back track: Aus shares 0.16% lower at noon

Finance News
18/05/2018 12:00:00

18 May 2018 - Market at Midday: First week of selling after six weeks of gains. Iron ore dips but lithium price gains. CSL sparkles on profit upgrade, Wednesday's IPO, Star Combo Pharma (ASX:S66) continues to shine and Bellamy’s Australia (ASX:BAL) loses major holder. Watch for full report.

Godfreys Arcade takeover decision imminent

Company News
18/05/2018 11:45:00

18 May 2018 - The biggest share holder of vacuum cleaner specialist Godfreys (ASX:GFY) Arcade Finance has offered 32 cents for each Godfreys share.

Westpac create position for corporate relations

Company News
18/05/2018 11:41:00

18 May 2018 - Westpac (ASX:WBC) today announced the appointment of Carolyn McCann to the new position of Group Executive, Customer & Corporate Relations.