Budget bounce, Aconex shines: Aus shares close 0.7% higher

Finance News
18/12/2017 17:30:00

18 Dec 2017 - Market wrap: Good start to the trading week, ASX200 gaining 0.7 per cent. Aconex (ASX:ACX) shares saw the most steam, gaining 44 per cent after Oracle (NYSE:ORL) inked to deal to takeover the Cloud-based technology for $1.6 billion. Retail Food Group (ASX:RFG) quashed media speculation, but its shares fell the most today, losing 7 per cent.

Orocobre, ANZ shine, better budget: Aus shares 0.6% higher at noon

Finance News
18/12/2017 13:05:00

18 Dec 2017 - Market at Midday: The ASX200 popped up at the open, gaining strength in the first two hours of trade. Government's underlying deficit to improve more than economists expected. Fortescue Metals (ASX:FMG) and BHP (ASX:BHP) trading over 1.5 per cent higher as iron ore price jumps. Star Entertainment Group (ASX:SGR) has appointed a previous MD and the head of Australasia at UBS. Orocobre (ASX:ORE) is expecting lithium carbonate contract order prices will be 25 per cent higher in the June 2018. Click video for news in 3 mins.

Record highs: Aus shares to open in positive territory

Finance News
18/12/2017 09:00:00

18 Dec 2017 - Market Outlook in 3 mins: Wall Street closed the trading week in positive territory, with the major indicies finishing at record highs. Iron ore has advanced a promising 6 per cent. Domain (ASX:DHG), a former Fairfax Media company that listed in November, has appointed Catriona McGregor as Group General Counsel and Company Secretary. Business technology company Data#3 (ASX:DTL) announced it expects its FY2018 first half year profits to be lower than the previous year’s results, but expects a better second half performance.

Macquarie Atlas Roads takes it toll: Aus shares close 0.2% lower

Finance News
15/12/2017 17:08:00

15 Dec 2017 - Market Wrap: Australian share market closed 0.2 per cent lower on Friday and gained 3 points over the week. Commonwealth Bank of Australia (ASX:CBA) says it’s considering AUSTRAC’s alleged breaches and will file an amended defense. Macquarie Atlas Road (ASX:MQG) shares fell about 4 per cent after Macquarie Group (ASX:MQG) completed its 11.3 per cent sale in the property fund overnight, selling 76 million. Click video more news.

Back pedal Friday: Aus shares 0.3% lower at noon

Finance News
15/12/2017 13:00:00

15 Dec 2017 - Market at Midday: Australian share market is in back pedal mode with the property sector dragging us lower. The likes of Crown Resorts (ASX:CWN), Cleanaway (ASX:CWY) have made good ground and so too has Transurban (ASX:TCL) after it completed a $1.9 billion capital raise. Crown Resorts reveals plans to sell a suite of multi-million dollar assets. CBA's (ASX:CBA) Group Executive Marketing and Strategy, Vittoria Shortt, has been given the lead role of its NZ owned bank, ASB. Click video.

Markets close lower: Aus shares to open flat

Finance News
15/12/2017 09:20:00

15 Dec 2017 - Market Outlook in 3 mins: Wall Street closed yesterday’s session in the red, and Australia’s futures are sitting flat, pointing towards a slow day of trade this Friday. Natural beauty products company Trilogy International (ASX:TIL) enters into an agreement with global asset manager CITIC Capital, where its China Partners subsidiary will acquire all outstanding shares in Trilogy. Health, wellness and beauty product supplier McPherson’s (ASX:MCP) divests its home appliances business to electrical heating business Glen Dimplex Australia.

Aussie dollar rises: Aus shares close 0.17% lower

Finance News
14/12/2017 17:45:00

14 Dec 2017 - Despite rallying at the open, the local bourse closed just below the line today. Aussie dollar continues to climb, which was supported by positive ABS employment news and US sentiment. Westpac (ASX:WBC) has begun their $11m refund for owner occupier customers. LiveTiles (ASX:LVT) has joined forces with tech giant Microsoft to pursue the US Artificial Intelligence (AI) market.

ASX at year highs: Aus shares 0.2% higher at noon

Finance News
14/12/2017 13:10:00

14 Dec 2017 - Market at Midday: ASX hits a fresh one month high and is tracking shy of the ASX200’s one year high. Myer (ASX:MYR) has taken one of the biggest hits today falling about 6.9 per cent after it reported deteriorating sales and profit. Caltex Australia (ASX:CTX) has made its way as one of the top performers of the day with its shares rising over 4 per cent, the ACCC vetoed BP from buying Woolworths (ASX:WOW) fuels. Tatts (ASX:TTS) shares stopped trading on the ASX today after the Supreme Court approved the merger with Tabcorp (ASX:TAH). Economic news beats expectations, main cyprocurrencies give off mixed signals. Click for more.

Mostly positive: Aus shares to open higher

Finance News
14/12/2017 09:19:00

14 Dec 2017 - Market Outlook in 3 mins: Wall Street had a mostly positive day of trade yesterday, with the Dow closing the session 80 points higher. The Federal Reserve lifted the interest rate target range by a quarter of a per cent, as well as raising the GDP outlook for 2018. Dairy producer A2 Milk (ASX:A2M) announces a new Managing Director and CEO. New Zealand electricity generator Meridian Energy (ASX:MEZ) reports a drop in national hydro storage in December.

Westfield owns Wednesday: Aus shares 0.14% higher

Finance News
13/12/2017 17:30:00

13 Dec 2017 -The local bourse opened strong, lost steam and closed flat. Frank Lowy sells shopping centre empire for $32b. Pilbara Minerals (ASX:PLS) reports new discoveries at Pilgangoora lithium-tantalum project, supporting Stage 2 of the Definitive Feasibility Study.

In record territory: Aus shares 0.15% higher at noon

Finance News
13/12/2017 13:00:00

13 Dec 2017 - Market at Midday: ASX extends gains from yesterday on the back of local takeover news. Westfield Corp (ASX:WFD) up 14 per cent. Ahead of Supreme court judgement today, both Tatts (ASX:TTS) and Tabcorp (ASX:TAH) trade lower. Senetas (ASX:SEN) makes its its first sales for its ultra-high speed encryptor to a European government. Buddy Platform (ASX:BUD) inks its largest ever distribution agreement to Ingram Micro who distribute to Apple, Cisco, Google. Click video for news in 3 minutes.

Oil drops, Dow surges: Aus shares to see flat start

Finance News
13/12/2017 09:30:00

13 Dec 2017 - Market Outlook: The oil and iron ore price fell, while the Dow etches a record high close, which points the ASX to a flat start. EBOS Group’s (ASX:EBO) CEO, Patrick Davies will stand down and be replaced by the firm’s Chief Financial Officer, John Cullity. RBA Governor to give speech today about 'eAustralian dollar’ and one company going ex-dividend. Click for videos news in 3 mins.

Market in 6000 territory: Aus shares close 0.25% higher

Finance News
12/12/2017 17:35:00

12 Dec 2017 - Market in 6000 territory: Aus shares close 0.25% higher. REITS star sector, Utilities down. Retail Food Group (ASX:RFG) drops 5.23% on negative press around franchise arrangements. Asian markets tracking lower.

Soft momentum at midday: Aus shares 0.05% higher at noon

Finance News
12/12/2017 12:52:00

12 Dec 2017 - Soft momentum at midday: Aus shares 0.05% higher at noon. Energy leading the charge, while Utilities down. ELMO Software Limited (ASX:ELO) announces it will acquire Sky Payroll. Westfield (ASX:WFD) enters trading halt, UBS sells down stake in Bell Financial Group (ASX:BFG) and Salamat (ASX:SLM) announces new CEO.

In the green: Aus shares to open higher

Finance News
12/12/2017 09:09:00

12 Dec 2017 - Market Outlook in 3 mins: The US markets closed in the green yesterday and Australia’s futures are up, indicating a positive start to the trading session today. ANZ (ASX:ANZ) announced the sale of its Wealth Australia life insurance business including OnePath Life Australia to Zurich Financial Services today for a total of 2.85 billion. Gentrack (ASX:GTK) and James Hardie (ASX:JHX) are going ex-dividend.

Starting week on front foot: Aus shares close at milestone mark

Finance News
11/12/2017 17:40:00

11 Dec 2017 - Market Wrap: Australian share market has had a positive start to the trading week after miners rose on the back of the iron ore price lift, while falls in franchise owner, Retail Food Group (ASX:RFG) capped gained. Australian automotive aftercare and accessory company, AMA Group (ASX:AMA) has put forth its third supplementary takeover offer for 4WD (ASX:4WD). AWE (ASX:AWE) received an takeover proposal from Mineral Resources (ASX:MIN) offering a scrip-based $0.80 a share, beating the bid by China Energy Reserve and Chemicals Group.

Miners gain, Retail Food Group dives: Aus shares flat at noon

Finance News
11/12/2017 12:55:00

11 Dec 2017 - The Australian share market shot up at the open with miners propelling us above the record 6,000 milestone but a huge drop in Retail Food Group (ASX:RFG) is holding the ASX200 back. GetSwift has raised $75 million through an institutional placement to fast track new product development. Windlab has kicked off construction for the first utility-scale wind, solar and storage hybrid generator that’s connected to the national electricity network in Queensland. Click video for more.

Starting the week in the green: Aus shares to open higher

Finance News
11/12/2017 08:26:00

11 Dec 2017 - Market Outlook in 3 mins: The Dow and S&P 500 closed at record highs, setting the ASX up for a positive start to the week. The futures index is tracking higher and iron ore is strong this morning. Mining and exploration company Independence Group (ASX:IGO) completes the sale of its Stockman Project to copper mining company CopperChem for $47 million. Dental company 1300SMILES (ASX:ONT) acquires a dental practice in Ingham in Queensland.

Just shy of 6,000: Aus shares close 0.28% higher

Finance News
08/12/2017 17:30:00

08 Dec 2017 - Market Wrap: Positive day of trade today, ASX200 0.3 per cent higher on Friday, 5 points up on week. Fairfax (ASX:FXJ) saw the most steam closing 5.7 per cent higher, while Beach Energy (ASX:BPT) was a close second after the oil price gained overnight. Suncorp (ASX:SUN) announced to the market, the last day of trading its convertible preference shares issued on 6 November 2012 will be the 11 December 2017. Macquarie Telecom’s (ASX:MAQ) takeover offer has been sidelined by Bulletproof Group (ASX:BPF). Click video for more.

Energy and Telcos gain: Aus shares 0.28% higher at noon

Finance News
08/12/2017 13:15:00

08 Dec 2017 - Market at Midday: Energy and Telcos gain, while traders sit on the fence awaiting China trade data. ASX200 0.28% higher at noon. Australia’s largest insurance broking network, Steadfast, (ASX:SDF) has completed the purchase of Whitbread Insurance Group, And the Australian-based regenerative medicine firm, Mesoblast (ASX:MSB) (NASDAQ:MESO) has been named as the 2017 Global Technology Leader in the cell therapy industry. Click for more.

Tech stocks push Wall St higher: ASX to rise at open

Finance News
08/12/2017 09:20:00

08 Dec 2017 - Market Outlook: Aus share market set for a good start, after Wall Street closed higher, with US tech stocks inking their third days of gains. New Zealand newspaper, radio, outdoor advertising and digital media business NZME (ASX:NZM) confirmed Peter Cullinane as its Chairman. Sims Metal Management (ASX:SGM) has announced its new Chief Financial Officer will be Stephen Mikkelse.

Pushing up, but not enough: Aus shares close 0.54% higher

Finance News
07/12/2017 17:15:00

07 Dec 2017 - Pushing up, but not enough: Aus shares close 0.54% higher. Listed investment company, Pengana International Equities (ASX:HHV) has appointed Mr Francis Gooch as its new Chairman. He joined the board in June this year with 31 years of experience in finance and investment industries.

Dollar drop boosts ASX: Aus shares 0.49% higher at noon

Finance News
07/12/2017 13:00:00

07 Dec 2017 - Market at Midday: The ASX200 is continuing to gain momentum after the Aussie dollar dropped. The ASX shook off a drop in commodity prices and weaker than expected economic news. Woolworths (ASX:WOW) changed its name, Air New Zealand (ASX:AIZ) advised that there will be some international flight cancellations and delays ‘each day over the coming weeks’ and Fonterra Co-Operative Group (ASX:FSF) appointed one of its directors to the Milk Price Panel. Two companies floated today. Click for more

Facebook lifts Nasdaq: ASX futures point to a rise

Finance News
07/12/2017 09:08:00

07 Dec 2017 - Market Outlook: The Australian share market is eyeing a rise at the open, with the futures pointing up, despite mixed leads from Wall Street and a commodity price slip. US private sector employers added more jobs than expected in Nov. Australia’s export and import stats due out today. Spark New Zealand (ASX:SPK) CEO of Home, Mobile & Business has resigned and will leave the NZ telco early next year. BT Investment Management (ASX:BTT) going ex-div today. Click for more.

Futures fall: Aus shares close 0.44% lower

Finance News
06/12/2017 16:55:00

06 Dec 2017 - Aus shares close 0.44% lower. SPI 31 points lower, REITS a star sector for the day, Parkd (ASX:PKD) IPO closes higher. Reef Casino Trust (ASX:RCT) announces its estimated distribution for the six months ending December 31st will be pegged at 15.5 cents per unit.