Finance News Network - Latest News The latest news from Finance News Network across all categories. https://www.finnewsnetwork.com.au/ en Finance TV Pty Ltd - All Rights Reserved 30 Saturday Sunday ASX closes flat, energy & miners drag: ASX gains 0.7% over the week 22 Oct 2021 - The ASX see-sawed throughout Friday's session while predominantly running flat in the late afternoon. At the closing bell, it was flat at 7,416. Over the week, it closed 54 points or 0.7% higher. Across the sectors, five out of eleven finished in the red. Energy fell the lowest, down 2.1%, followed by materials, down 1.2%, as oil and iron prices fell later in the week, which dragged the resources sector lower. https://www.finnewsnetwork.com.au/archives/finance_news_network350041.html Fri, 22 Oct 2021 05:53:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350041.html Stocks of the Hour: Qantas, Aurizon & Orocobre 22 Oct 2021 - A snapshot of the stocks on the move, featuring Qantas (ASX:QAN), Aurizon (ASX:AZJ) & Orocobre (ASX:ORE). https://www.finnewsnetwork.com.au/archives/finance_news_network350040.html Fri, 22 Oct 2021 04:44:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350040.html Nuix (ASX:NXL) appoints Jonathan Rubinsztein as CEO 22 Oct 2021 - Global software company Nuix (ASX:NXL) has appointed Jonathan Rubinsztein from Infomedia as chief executive officer. Jonathen's appointment follows the retirement of Rod Vawdrey announced in June. https://www.finnewsnetwork.com.au/archives/finance_news_network350039.html Fri, 22 Oct 2021 04:05:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350039.html Orocobre's (ASX:ORE) Mt Cattlin produces another record result 22 Oct 2021 - Lithium company Orocobre (ASX:ORE) has announced record production from its Mt Cattlin mine in Western Australia and an increase in lithium production. https://www.finnewsnetwork.com.au/archives/finance_news_network350037.html Fri, 22 Oct 2021 03:29:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350037.html Miners weigh, Qantas resumes flights early, Aurizon falls 4%: ASX is flat at noon 22 Oct 2021 - The ASX had a slow start this morning as miners weighed on the index, yet has lifted thanks to gains across the sectors. At noon, the S&P/ASX 200 is 0.03% or 2 points higher at 7,418. The SPI futures are pointing to a rise of 4 points. https://www.finnewsnetwork.com.au/archives/finance_news_network350036.html Fri, 22 Oct 2021 01:36:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350036.html Novatti Group (ASX:NOV) ATX acquisition, October 2021 22 Oct 2021 - Novatti Group Limited (ASX:NOV) CEO Peter Cook talks about the acquisition of leading Southeast Asian fintech ATX. https://www.finnewsnetwork.com.au/archives/finance_news_network350035.html Fri, 22 Oct 2021 01:05:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network350035.html Aurizon (ASX:AZJ) to buy OneRail for $2.35b 22 Oct 2021 - Rail operator Aurizon (ASX:AZJ) has unveiled a $2.35 billion deal to acquire One Rail Australia from Macquarie Asset Management (ASX:MQG) using existing and new debt facilities. https://www.finnewsnetwork.com.au/archives/finance_news_network350034.html Fri, 22 Oct 2021 00:35:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350034.html Qantas (ASX:QAN) fast-tracks flight plan 22 Oct 2021 - Qantas (ASX:QAN) and Jetstar are set to bring forward the restart of more international flights from Sydney, including to Singapore, Bangkok and Johannesburg, as NSW prepares to reopen for international travel from November 1. https://www.finnewsnetwork.com.au/archives/finance_news_network350033.html Thu, 21 Oct 2021 23:33:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350033.html Wall St mixed, Aurizon offers $2.4b for One Rail, Webjet rated as Neutral: ASX to open flat 22 Oct 2021 - Mixed market across the globe as investors digested company earnings, trading updates and AGMs. Concerns on Evergrande’s future reignited after the deal to divest fell through. Macquarie downgraded Webjet’s (ASX:WEB) rating. https://www.finnewsnetwork.com.au/archives/finance_news_network350031.html Thu, 21 Oct 2021 22:30:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350031.html Acorn Capital Investment Fund (ASX:ACQ) entitlement offer, October 2021 21 Oct 2021 - Acorn Capital Investment Fund (ASX:ACQ) Head of Research and Portfolio Manager Robert Bruce provides an update on another 12 months of strong performance, the composition of total returns, key holdings and the company's entitlement offer to increase scale. https://www.finnewsnetwork.com.au/archives/finance_news_network350029.html Thu, 21 Oct 2021 08:43:00 GMT Funds Management https://www.finnewsnetwork.com.au/archives/finance_news_network350029.html AGM season heats up, Tech gains as Energy falls: ASX closes flat 21 Oct 2021 - The Australian sharemarket closed flat as gains from technology and real estate stocks offset declines in the energy, consumer stocks and materials sectors. At the closing bell, the S&P/ASX 200 was 0.02% or 2 points higher at 7,415. https://www.finnewsnetwork.com.au/archives/finance_news_network350026.html Thu, 21 Oct 2021 06:20:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350026.html Stocks of the Hour: Perpetual, Santos & Brainchip 21 Oct 2021 - A snapshot of the stocks that celebrated record moves featuring Perpetual (ASX:PPT), Santos (ASX:STO), and Brainchip (ASX:BRN). https://www.finnewsnetwork.com.au/archives/finance_news_network350024.html Thu, 21 Oct 2021 05:49:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350024.html Santos (ASX:STO) hits record revenues 21 Oct 2021 - A quarterly sales record was achieved by energy giant Santos (ASX:STO) after sales revenue surged 6% to $1.52 billion (US$1.14 billion) in the September quarter. https://www.finnewsnetwork.com.au/archives/finance_news_network350022.html Thu, 21 Oct 2021 03:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350022.html Perpetual (ASX:PPT) celebrates after hitting $101b 21 Oct 2021 - A milestone was achieved with Perpetual (ASX:PPT) after their assets under management hit $101 billion for the first time. The group expanded in all four divisions, with asset growth up 2.7% in the September quarter https://www.finnewsnetwork.com.au/archives/finance_news_network350021.html Thu, 21 Oct 2021 03:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350021.html ASX gains, Travel stocks falls, Aristocrat jumps 5%: Aus shares up 0.1% at noon 21 Oct 2021 - The ASX started the morning on a choppy note moving from gains to losses after a mixed close on Wall St. Investors are digesting a raft of third quarter updates as a slew of AGM’s take place. The gains in materials, property and financials were offset with losses across the consumer stocks and communication services. https://www.finnewsnetwork.com.au/archives/finance_news_network350019.html Thu, 21 Oct 2021 01:07:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350019.html Brainchip (ASX:BRN) starts taking orders for Akida AI kits 21 Oct 2021 - Brainchip (ASX:BRN) is now taking orders for two development kits for its artificial intelligence chips called Akida1000, a move that the company describes as a “major step to full commercialisation” of its technology. https://www.finnewsnetwork.com.au/archives/finance_news_network350023.html Thu, 21 Oct 2021 00:10:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350023.html Wall St mixed as Tech falls, Oil price rises, Whitehaven's price target lifts: ASX to lift 21 Oct 2021 - Mixed market around the globe as earnings results helped offset inflation and supply chain concerns. Alibaba surges lifting Hong Kong’s Hang Seng. ASX pushed higher by tech & banks. Morgan rates Whitehaven Coal (ASX:WHC) as a buy lifting its target price after base case analysis. https://www.finnewsnetwork.com.au/archives/finance_news_network350018.html Wed, 20 Oct 2021 22:40:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350018.html Tech & financials rise, Miners soften, Energy drags: ASX closes 0.5% higher 20 Oct 2021 - The ASX eased back its gains in the afternoon session as the energy sector weighed and miners softened. Thanks to a rise in technology and financials, the S&P/ASX 200 closed 0.5% or 39 points higher at 7,414. All sectors closed in the green except energy, down 0.9% and communication services, down 0.2%. Technology finished the highest, up 1.1%. https://www.finnewsnetwork.com.au/archives/finance_news_network350016.html Wed, 20 Oct 2021 06:09:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350016.html Stocks of the Hour: Sydney Airport, Evolution Mining, Beach Energy & Kogan.com 20 Oct 2021 - A snapshot of the stocks on the move, featuring Sydney Airport (ASX:SYD), Evolution Mining (ASX:EVN), Beach Energy (ASX:BPT) & Kogan.com (ASX:KGN). https://www.finnewsnetwork.com.au/archives/finance_news_network350015.html Wed, 20 Oct 2021 04:58:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350015.html Kogan.com (ASX:KGN) jumps on rising quarterly sales 20 Oct 2021 - Online retailer Kogan.com (ASX:KGN) reported 330.5 million gross sales in the September quarter, up 21.1% year on year and up 23.2% quarter on quarter, driven by Kogan First memberships and changes to its inventory. https://www.finnewsnetwork.com.au/archives/finance_news_network350014.html Wed, 20 Oct 2021 04:09:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350014.html Miners lift, Kogan jumps 10%, Beach Energy drops 4%: ASX up 0.9% at noon 20 Oct 2021 - The ASX opened higher and is swimming in positive territory as gains are made across the sectors. At noon, the S&P/ASX 200 is 0.9% or 65.5 points higher at 7440.4. The SPI futures are pointing to a rise of 74 points. All sectors are in the green except energy, down 0.3%. Materials are leading, up 1.3%. https://www.finnewsnetwork.com.au/archives/finance_news_network350013.html Wed, 20 Oct 2021 01:33:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350013.html Bank funding update, retail sector, ARB, ALL, BAP 20 Oct 2021 - CEO Chris Pedersen gives an update on bank funding, retail sector, ARB Corporation (ASX:ARB), Aristocrat Leisure (ASX:ALL) and Bapcor (ASX:BAP). https://www.finnewsnetwork.com.au/archives/finance_news_network350012.html Wed, 20 Oct 2021 00:55:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network350012.html Evolution Mining's (ASX:EVN) gold output beats guidance 20 Oct 2021 - Evolution Mining (ASX:EVN) beat its gold production guidance for the September quarter by over 2%. https://www.finnewsnetwork.com.au/archives/finance_news_network350011.html Wed, 20 Oct 2021 00:35:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350011.html Beach Energy's (ASX:BPT) revenue falls as oil production drops 20 Oct 2021 - Beach Energy’s oil production fell in the first quarter of the new financial year (FY22), which led to a fall in its revenue for the period. The energy giant produced 5.7 million barrels of oil equivalent in the three months ending 30 September, down 4 per cent from the prior quarter. https://www.finnewsnetwork.com.au/archives/finance_news_network350010.html Tue, 19 Oct 2021 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350010.html Sydney Airport's (ASX:SYD) passenger traffic tumbles 20 Oct 2021 - Sydney Airport (ASX:SYD) faced another weighted decline in September while border restrictions remained in place. The airline took a total of 42,000 passengers under their wing in September, down 68.4 per cent from the same month last year and 98.8 per cent lower than September 2019. https://www.finnewsnetwork.com.au/archives/finance_news_network350009.html Tue, 19 Oct 2021 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350009.html Wall St lifts, Bitcoin ETF debuts, Aristocrat to resume, Zip Co rated as a sell: ASX to rise 20 Oct 2021 - Global indexes closed mixed as earnings season offset a surge in commodity prices. Healthcare and insurers took the spotlight as technology stocks continued to rally. The ASX ran out of steam to fade from its 3-week high. UBS rated Zip Co (ASX:Z1P) as a sell. https://www.finnewsnetwork.com.au/archives/finance_news_network350008.html Tue, 19 Oct 2021 22:40:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350008.html Banks soften, BHP & Rio drag, a2 Milk jumps 5%: ASX closes 0.1% lower 19 Oct 2021 - The ASX became weaker in the afternoon session as major miners weighed and financials softened. At the closing bell, the S&P/ASX 200 was 0.1% or 6 points lower at 7,375. Sectors became mixed in the last hour of trade, with only 5 out of eleven sectors closing in the green. https://www.finnewsnetwork.com.au/archives/finance_news_network350005.html Tue, 19 Oct 2021 05:50:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350005.html Stocks of the Hour: BHP, Stockland & Northern Star Resources 19 Oct 2021 - A snapshot of the stocks on the move, featuring BHP (ASX:BHP), Stockland (ASX:SGP) & Northern Star Resources (ASX:NST). https://www.finnewsnetwork.com.au/archives/finance_news_network350004.html Tue, 19 Oct 2021 04:25:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350004.html Worley (ASX:WOR) wins a Netherlands contract 19 Oct 2021 - Global engineering provider Worley (ASX:WOR) has been awarded a services contract from Shell Nederland Raffinaderij to support the development of a low-carbon fuels facility at the Shell Energy and Chemicals Park Rotterdam in the Netherlands. https://www.finnewsnetwork.com.au/archives/finance_news_network350002.html Tue, 19 Oct 2021 03:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350002.html Northern Star (ASX:NST) sticks to guidance despite lower gold output 19 Oct 2021 - Northern Star Resources (ASX:NST) has reported a drop in gold production for the three months ending 30 September 2021, but remains on track to meet its FY22 guidance. https://www.finnewsnetwork.com.au/archives/finance_news_network350001.html Tue, 19 Oct 2021 03:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network350001.html Tech surges, Miners weigh, BHP iron ore output falls: ASX up 0.3% at noon 19 Oct 2021 - The ASX is lifting higher this morning with the likes of technology stocks. Despite a positive run across the sectors, heavyweight miners are weighing on the market. At noon, the S&P/ASX 200 is 0.3% or 20.8 points higher at 7401.9.The SPI futures are flat. All sectors are in the green except materials, down 0.9%. Technology is leading, up 1.7%, followed by real estate, up 1.5%. https://www.finnewsnetwork.com.au/archives/finance_news_network350000.html Tue, 19 Oct 2021 01:43:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network350000.html Stockland (ASX:SGP) reports strong residential sales despite Covid-19 restrictions 19 Oct 2021 -Stockland (ASX:SGP) maintained momentum in residential and commercial sales during the September quarter while reconfirming its FY22 guidance despite ongoing Covid-19 disruptions. The property giant recorded total residential net sales of 1,947 lots for the September quarter, up 8 per cent from the prior June quarter https://www.finnewsnetwork.com.au/archives/finance_news_network349999.html Tue, 19 Oct 2021 00:25:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349999.html Iron ore output by BHP (ASX:BHP) softens 19 Oct 2021 - Mining giant BHP (ASX:BHP) reported a softer iron ore output while reassuring investors that the merger with Woodside Petroleum (ASX:WPL) is going ahead. The news was underpinned by the financial year 2022 guidance remaining unchanged. https://www.finnewsnetwork.com.au/archives/finance_news_network349998.html Tue, 19 Oct 2021 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349998.html Wall St mixed on tech lift, CSL R&D, Worley is bullish: ASX to drop 19 Oct 2021 - A mixed closed across the major indexes around the globe as inflation worries continue amid China's figures pointing to a growth slowdown. M&A's took the spotlight on the Aussie market. RBA minutes due today with 10 AGMs scheduled. BHP set to release 3Q trading update. https://www.finnewsnetwork.com.au/archives/finance_news_network349996.html Mon, 18 Oct 2021 22:35:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network349996.html IVE Group (ASX:IGL) expands retail display and third-party logistics offering, October 2021 19 Oct 2021 - IVE Group Limited (ASX:IGL) Executive Chairman Geoff Selig talks about the recent acquisition of Active Display Group and Melbourne-based AFI Branding Solutions. https://www.finnewsnetwork.com.au/archives/finance_news_network349997.html Mon, 18 Oct 2021 22:20:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network349997.html Materials & major banks lead, Tech & Domino's drag: ASX closes 0.3% higher 18 Oct 2021 - The ASX eased back its gains in the afternoon session but maintained its spot in positive territory thanks to major banks and materials. At the closing bell, the S&P/ASX 200 was 0.3% or 19 points higher at 7,381. Across the sectors, 4 out of 11 closed in the green. Materials was the best performer, up 1%, then financials, up 0.5%. https://www.finnewsnetwork.com.au/archives/finance_news_network349993.html Mon, 18 Oct 2021 05:45:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network349993.html Stocks of the Hour: Aristocrat, HUB24 & Sydney Airport 18 Oct 2021 - A snapshot of the stocks on the move, featuring Aristocrat (ASX:ALL), HUB24 (ASX:HUB) & Sydney Airport (ASX:SYD). https://www.finnewsnetwork.com.au/archives/finance_news_network349991.html Mon, 18 Oct 2021 05:02:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349991.html Sydney Airport (ASX:SYD) concludes due diligence on takeover bid 18 Oct 2021 - The possible sale of Sydney Airport (ASX:SYD) to Sydney Aviation Alliance, a consortium of investment funds, is another step closer after the four week due diligence period came to an end. Last month, Sydney Aviation Alliance launched a third non-binding proposal to acquire 100% of shares in Sydney Airport for $8.75 per share. https://www.finnewsnetwork.com.au/archives/finance_news_network349990.html Mon, 18 Oct 2021 04:27:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349990.html Home Consortium (ASX:HMC) grows assets to $5bn on merger plans 18 Oct 2021 - Property giant Home Consortium (ASX:HMC) and real estate investment trust HomeCo Daily Needs (ASX:HDN) have entered into a binding scheme implementation deed to acquire Aventus Group (ASX:AVN). The merger brings together HomeCo Daily Needs and fund manager Aventus’ portfolios to accelerate Home Consortium’s growth, with external assets under management increasing to around $5 billion. https://www.finnewsnetwork.com.au/archives/finance_news_network349989.html Mon, 18 Oct 2021 03:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349989.html Energy & banks lift, Aristocrat in trading halt: ASX up 0.4% at noon 18 Oct 2021 - The ASX opened higher and has held its lead this morning thanks to banks, materials and energy stocks. At noon, the S&P/ASX 200 is 0.4% or 27.3 points higher at 7389.3. The SPI futures are pointing to a rise of 23 points. Across the sectors, 6 out of 11 are in the green. Financials and energy are doing the best, up 0.9% and 0.8%. Meanwhile, health care and technology are the two worst, down 0.4% and 0.3%. https://www.finnewsnetwork.com.au/archives/finance_news_network349988.html Mon, 18 Oct 2021 01:35:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network349988.html HUB24 (ASX:HUB) bids $386m for Class 18 Oct2021 - Wealth platform HUB24 (ASX:HUB) is set to acquire 100 per cent of the cloud-based wealth technology company Class (ASX:CL1) after entering a scheme implementation deed. HUB24 expects the proposed transaction to accelerate its platform as a provider of integrated platforms, technology and data solutions for financial advisers, accountants, private banks, licensees, stockbrokers and their clients. https://www.finnewsnetwork.com.au/archives/finance_news_network349987.html Mon, 18 Oct 2021 00:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349987.html Charts indicate a bounce here for BHP 18 Oct 2021 - Fairmont Equities Managing Director Michael Gable takes a technical look at BHP, the Commonwealth, Piedmont Lithium, Bannerman Energy. https://www.finnewsnetwork.com.au/archives/finance_news_network349985.html Sun, 17 Oct 2021 23:45:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network349985.html Aristocrat (ASX:ALL) launches a $3.9bn bid to Playtech 18 Oct 2021 - Gambling giant Aristocrat (ASX:ALL) has made an offer to acquire the UK online gambling software Playtech, valuing the target at $5 billion. Aristocrat believes the acquisition will accelerate its growth strategy by growing their gaming content, delivering medium-term revenue and earnings growth and expanding its range of customers. https://www.finnewsnetwork.com.au/archives/finance_news_network349986.html Sun, 17 Oct 2021 23:20:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349986.html Wall St gains, Bulls set to close quarter strong, Rio Tinto rated as buy: ASX to rise 18 Oct 2021 - A cheerful close to the first week of the earnings season as a rally was seen around the globe. Ords rated Rio Tinto as a buy with a dip in their price target. RBA to take the spotlight this week. https://www.finnewsnetwork.com.au/archives/finance_news_network349984.html Sun, 17 Oct 2021 22:40:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network349984.html An eagle preparing to fly 18 Oct 2021 - Market analyst Regina Meani discusses Eagle Mountain Mining (ASX:EM2) and the copper price. https://www.finnewsnetwork.com.au/archives/finance_news_network349983.html Sun, 17 Oct 2021 22:20:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network349983.html Miners & tech lift ASX, Qantas brings forward flights: ASX gains 0.6% over the week 15 Oct 2021 - The ASX lifted higher in the afternoon session as travel stocks rose. The S&P/ASX 200 ended the week on a positive note, closing 0.75% or 50.3 points higher at 7362. Over the week, it closed 0.6% or 46 points higher. All sectors closed in the black except utilities, down 0.5%. Technology was the best performer, up 1.4%. https://www.finnewsnetwork.com.au/archives/finance_news_network349979.html Fri, 15 Oct 2021 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network349979.html Stocks of the Hour: Insurance Australia, Rio Tinto, Qantas & Pendal 15 Oct 2021 - A snapshot of the stocks on the move featuring Insurance Australia Group (ASX:IAG), Rio Tinto (ASX:RIO), Qantas (ASX:QAN) & Pendal (ASX:PDL). https://www.finnewsnetwork.com.au/archives/finance_news_network349977.html Fri, 15 Oct 2021 05:14:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349977.html Pendal (ASX:PDL) slumps on FUM jump 15 Oct 2021 - Global investment management business Pendal (ASX: PDL) have recorded its funds under management (FUM) at $139.2 billion for the September quarter. The total was a reflection of Pendal's outflows across its institutional channels and subsidiaries. https://www.finnewsnetwork.com.au/archives/finance_news_network349976.html Fri, 15 Oct 2021 03:55:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349976.html Qantas (ASX:QAN) to bank $802m on Mascot sale 15 Oct 2021 - Qantas Airways (ASX:QAN) is offloading 13.8 hectares of land in Mascot to LOGOS Property for $802 million. The airline has entered into binding agreements with a consortium led by LOGOS. Settlement of the vast majority of the lots is expected in the first half of this financial year, with the funds to be used to reduce debt and accelerate the airline’s recovery. https://www.finnewsnetwork.com.au/archives/finance_news_network349975.html Fri, 15 Oct 2021 03:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network349975.html Travel stocks rise, ARB up 6%, Rio Tinto falls: ASX up 0.4% at noon 15 Oct 2021 - The ASX is lifting for a second day thanks to gains across 9 out of eleven sectors. At noon, the S&P/ASX 200 is 0.4% or 30 points higher at 7341.7. The SPI futures are pointing to a rise of 22 points. All sectors are in the green except consumer staples, down 0.8% and utilities, down 0.3%. Technology is adding the most points, up 1.2%. https://www.finnewsnetwork.com.au/archives/finance_news_network349974.html Fri, 15 Oct 2021 01:35:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network349974.html