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 Wesfarmers downgraded: ASX200 up 1.6 per cent over week 22 Feb 2019 - The majority of sectors have made ground today, with the Real Estate, Communications and Consumer Discretionary sectors leading the way. After opening in the red, the ASX200 gained momentum this morning, and has been tracking sideways this afternoon to gain 0.5 per cent. https://www.finnewsnetwork.com.au/archives/finance_news_network222117.html Fri, 22 Feb 2019 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222117.html Lepidico (ASX:LPD) lithium-rich mica developer 22 Feb 2019 - Lepidico Limited (ASX:LPD) Managing Director, Joe Walsh provides an update on the company's L-Max pilot plant, hard rock lithium projects and strategy. https://www.finnewsnetwork.com.au/archives/finance_news_network222114.html Fri, 22 Feb 2019 03:25:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network222114.html Ingenia Communities Group (ASX:INA) 1H19 results & outlook 22 Feb 2019 - Ingenia Communities Group Limited (ASX:INA), CEO & Managing Director, Simon Owen discusses 1H19 results, the company's strategic partnership with US Sun Communities and the development of senior’s accommodation. https://www.finnewsnetwork.com.au/archives/finance_news_network222113.html Fri, 22 Feb 2019 03:00:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network222113.html House prices won't 'derail' economy - RBA: ASX tracking 0.5% higher at noon 22 Feb 2019 - The ASX now tracking 0.5% higher at noon. Shares in pharmaceutical company Mayne Pharma Group (ASX:MYX) saw a rise after they released their half year results today showing underlying net profit after tax up 35 per cent. Funeral company Invocare (ASX:IVC) are also on the up Real Estate Investment Trusts topped the sector list today with Energy at the bottom. https://www.finnewsnetwork.com.au/archives/finance_news_network222112.html Fri, 22 Feb 2019 01:50:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222112.html InvoCare’s profit slide due to fewer deaths 22 Feb 2019 - Funeral company InvoCare (ASX:IVC) has reported its full-year net profit has fallen 57.7 per cent to $41.2 million from $97.4 million in the same corresponding period due in part to a lower number of deaths. https://www.finnewsnetwork.com.au/archives/finance_news_network222109.html Fri, 22 Feb 2019 00:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222109.html Kogan.com profits fall despite bumper Christmas sales 22 Feb 2019 - Online retailer Kogan.com (ASX:KGN) today announced financial results for the half year ended 31 December 2018 showing net profit after tax of $7.4 million down 11 per cent on last half year from $8.3 million. https://www.finnewsnetwork.com.au/archives/finance_news_network222111.html Fri, 22 Feb 2019 00:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222111.html Ardent Leisure results continue to be impacted by Dreamwold incident 22 Feb 2019 - Ardent Leisure (ASX:ALG) results continue to be impacted by Dreamworld incident costs due to the coronial inquest as well as various restructuring and other non-recurring costs in Main Event, Theme Parks and Corporate. https://www.finnewsnetwork.com.au/archives/finance_news_network222107.html Thu, 21 Feb 2019 23:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222107.html Mayne Pharma Group posts 35% increase in underlying half year profit 22 Feb 2019 - Pharmaceutical company Mayne Pharma Group (ASX:MYX) released their half year results today showing underlying net profit after tax up 35 per cent to $21.1 million from the prior corresponding period. https://www.finnewsnetwork.com.au/archives/finance_news_network222108.html Thu, 21 Feb 2019 23:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222108.html RBA’s Philip Lowe’s testimony due: ASX poised to open lower 22 Feb 2019 - The ASX is poised to edged lower as US shares extended losses. China is proposing that it could buy an additional US$30b a year of US agricultural products including soybeans, corn and wheat as part of a possible trade deal being negotiated by the two countries. The Australian dollar continues to fall. Auckland Airport (ASX:AIA) has reduced its charges to airlines by $33 million. https://www.finnewsnetwork.com.au/archives/finance_news_network222106.html Thu, 21 Feb 2019 22:23:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222106.html Helloworld Travel CEO denies Hockey ‘owes me’ comment 22 Feb 2019 - Helloworld Travel (ASX:HLO) CEO Andrew Burnes released a statement yesterday denying he organised meetings with Russell Carstensen and Joe Hockey. https://www.finnewsnetwork.com.au/archives/finance_news_network222104.html Thu, 21 Feb 2019 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222104.html AuStar Gold clarifies it has no connection to the Good Friday Mine 22 Feb 2019 - Gold mining company AuStar Gold (ASX:AUL) released a statement yesterday in response to media reports of the closure of the Good Friday mine stating it has no connection to its owners or operators. https://www.finnewsnetwork.com.au/archives/finance_news_network222105.html Thu, 21 Feb 2019 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222105.html Webjet ASX booster pack: Aus shares close 0.7% higher, new 4-month high 21 Feb 2019 - Market wrap. ASX jet packed on Webjet. Average Aus' weekly earnings rises 2.4% YOY. MYOB (ASX:MYO) profit up 5%. Webjet (ASX:WEB) grew 61%. Wesfarmers (ASX:WES) profit swings to $4.5b from $212m in HY. ResMed (ASX:RMD) & Fisher & Paykel Healthcare (ASX:FPH) settle all disputes. Nine (ASX:NEC) eyes 10% strong earnings lift. https://www.finnewsnetwork.com.au/archives/finance_news_network222103.html Thu, 21 Feb 2019 06:30:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222103.html AuStar Gold (ASX:AUL) to commence mining 21 Feb 2019 - AuStar Gold Limited (ASX:AUL) Chairman, Frank Terranova provides an update on the company's projects, including plans to commence mining at its Morning Star and Rose of Denmark mines in the eastern Victorian goldfields. https://www.finnewsnetwork.com.au/archives/finance_news_network222101.html Thu, 21 Feb 2019 03:30:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network222101.html ASX shakes off negative start, Aus unemployment rate holds: Aus shares 0.3% higher 21 Feb 2019 - Mid-session report. ASX snaps 2 day red streak, now clawing back. Australia's unemployment rate steady at 5% as expected. Australian wages rise 2.4% over year. Wesfarmers (ASX:WES) rallies on HY results. Nine Entertainment (ASX:NEC) net profit beats Citi's estimates. Flight Centre Travel (ASX:FLT) eyes bottom of range results for full 2019 year. https://www.finnewsnetwork.com.au/archives/finance_news_network222100.html Thu, 21 Feb 2019 01:40:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222100.html Webjet's NPAT up 61% for first half FY19 21 Feb 2019 - Travel company Webjet (ASXC:WEB) today showed their net profit after tax (NPAT) was up 61 per cent to $38.3 million for the first half of FY19. https://www.finnewsnetwork.com.au/archives/finance_news_network222098.html Thu, 21 Feb 2019 00:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222098.html Coca-Cola Amatil's profit slides 37.3% 21 Feb 2019 - Coca-Cola Amatil (ASX:CCL) today reported its full year results for 2018, statutory NPAT of $279.0 million, down 37.3 per cent on the prior corresponding period. https://www.finnewsnetwork.com.au/archives/finance_news_network222097.html Thu, 21 Feb 2019 00:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222097.html Wesfarmers profit soars after Coles demerger 21 Feb 2019 - Retail and industrial company Wesfarmers (ASX:WES) has reported a net profit after tax of $4.54 billion for the half-year ended 31 December 2018, up from $212 million in the year-earlier period. https://www.finnewsnetwork.com.au/archives/finance_news_network222095.html Wed, 20 Feb 2019 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222095.html Santos full-year profit US$630 million 21 Feb 2019 - Gas producer Santos (ASX:STO) reports that its net profit after tax soared from last year's US$360 million loss to US$630 million for the full year 2018. https://www.finnewsnetwork.com.au/archives/finance_news_network222096.html Wed, 20 Feb 2019 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222096.html Resmed and Fisher & Paykel Healthcare settle dispute: ASX set to open higher 21 Feb 2019 - The ASX is set to open higher this morning. Overnight the US Federal Reserve released minutes from its latest policy meeting. They show officials are unsure of the need for rate hikes this year. Wall Street's three main benchmarks were modestly higher. Another big day for reporting companies and ResMed (ASX:RMD) and Fisher & Paykel Healthcare (ASX:FPH) have settled their patent dispute. https://www.finnewsnetwork.com.au/archives/finance_news_network222094.html Wed, 20 Feb 2019 22:18:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222094.html Mark Okeby retires from Regis Resources 21 Feb 2019 - Mark Okeby has advised the board of Regis Resources (ASX:RRL) that he has decided to retire as a director effective immediately. https://www.finnewsnetwork.com.au/archives/finance_news_network222092.html Wed, 20 Feb 2019 20:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222092.html Qualitas release their inaugural half year results 21 Feb 2019 - Qualitas Real Estate Income Fund (ASX:QRI) released their inaugural half year results, for the period ending 31 December 2018 with an operating profit of $304k achieved. https://www.finnewsnetwork.com.au/archives/finance_news_network222093.html Wed, 20 Feb 2019 20:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222093.html Bumper reporting day fails to boost market: ASX closes 0.2% lower 20 Feb 2019 - The ASX closed 0.2% lower today after a large number of companies reported their half year results. Corporate Travel Management (ASX:CTD) topped the best performers list after they reported a 27% rise in half-year net profit. And Bell Financial Group (ASX:BFG) recorded a full-year net profit after tax of $24.7 million, an increase of 20%. https://www.finnewsnetwork.com.au/archives/finance_news_network222091.html Wed, 20 Feb 2019 06:05:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222091.html Wage growth below expectations: ASX tracking 0.2% lower at noon 20 Feb 2019 - The ASX opened lower. It is now tracking 0.2% lower at noon. The a2 Milk company (ASX:A2M) saw their shares rise as they reported net profit, earnings and revenue for the half year all higher compared to the last corresponding period. Wage Price Index rose 0.5% in December quarter, below expectations. And Domino's Pizza (ASX:DMP) reported a net profit rise for the half year. https://www.finnewsnetwork.com.au/archives/finance_news_network222087.html Wed, 20 Feb 2019 01:50:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222087.html Economics, BHP and QBE 20 Feb 2019 - Fund Manager, Chris Pedersen talks about Economic news, looks at BHP Group results and analyses QBE Insurance Group. https://www.finnewsnetwork.com.au/archives/finance_news_network222086.html Wed, 20 Feb 2019 00:40:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network222086.html Worley Parsons 1HFY19 profit rises 26 per cent 20 Feb 2019 - Worley Parsons(ASX:WOR) has announced its half year results for financial year 2019 with Underlying net profit (NPAT) rising 26 per cent to $98 million compared to the same time last year. https://www.finnewsnetwork.com.au/archives/finance_news_network222084.html Wed, 20 Feb 2019 00:29:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222084.html Sonic Healthcare upgrades full year earnings guidance 20 Feb 2019 - Sonic Healthcare (ASX:SHL) has announced its half year results for financial year 2019 flagging growth in profit, revenue and earnings when compared with the same time last year. https://www.finnewsnetwork.com.au/archives/finance_news_network222085.html Wed, 20 Feb 2019 00:29:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222085.html Seven Group Holdings operational performance lifts profits 20 Feb 2019 - Seven Group Holdings (ASX:SVW) has announced its half year results for FY19 with revenue and profit both higher compared to the year earlier period. https://www.finnewsnetwork.com.au/archives/finance_news_network222082.html Tue, 19 Feb 2019 23:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222082.html Crown Resorts posts flat 1HFY19 profit 20 Feb 2019 - Crown Resorts has announced its half year results for FY19 with net profit (attributable to members of the Parent) lifting ever so slightly by 0.9 per cent to $194 million compared to the year earlier period. https://www.finnewsnetwork.com.au/archives/finance_news_network222083.html Tue, 19 Feb 2019 23:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222083.html Walmart boosts Wall Street: Aus shares to open higher 20 Feb 2019 - Australian shares look set to open higher this morning following positive leads from US markets. The a2 Milk (ASX:A2M) company has announced its half year results for financial year 2019 with net profit, earnings and revenue all higher. https://www.finnewsnetwork.com.au/archives/finance_news_network222081.html Tue, 19 Feb 2019 22:12:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222081.html BHP maintains dividend despite softer than expected results 20 Feb 2019 - Mining giant BHP (ASX:BHP) has announced its half year results for FY19 with profit sliding 8 per cent to US$3.8 billion compared to the year earlier period. https://www.finnewsnetwork.com.au/archives/finance_news_network222079.html Tue, 19 Feb 2019 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222079.html WorleyParsons appoints Sharon Warburton to the board 20 Feb 2019 - WorleyParsons (ASX:WOR) has announced the appointment of Sharon Warburton as a Non Executive Independent Director. https://www.finnewsnetwork.com.au/archives/finance_news_network222080.html Tue, 19 Feb 2019 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222080.html Altium all time high, Blackmores hits 4-yr lows: ASX closes 0.3% higher, new 4-month high 19 Feb 2019 - Market Wrap. Altium (ASX:ALU) shares hit all-time highs on record revenue. Blackmores (ASX:BKL) shares fall to 4-year lows on China sales slip & eyeing weaker 2H. Mount Gibson Iron (ASX:MGX) NPAT falls but revenue rises 49%. Monadelphous (ASX:MND) revenue & profit slip but hold dividend. IOOF (ASX:IFL) profit up 200%. https://www.finnewsnetwork.com.au/archives/finance_news_network222078.html Tue, 19 Feb 2019 06:20:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222078.html Financials rally despite ‘Protecting your Super Bill’ passing through house: ASX200 0.4% higher at noon 19 Feb 2019 - Mid-session report. IOOF Holdings (ASX:IFL) shares hit 2-month high on earnings results. Candy Club (ASX:CLB) IPO opens/trades at $0.20. Citi downgrades AMP (ASX:AMP) earnings & EPS estimates on ‘Protecting your Super Bill’ passing through both houses. Emeco (ASX:EHL) stat' NPAT slips. Senex Energy (ASX:SXY) net loss improves on coal mining demand. https://www.finnewsnetwork.com.au/archives/finance_news_network222077.html Tue, 19 Feb 2019 01:44:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222077.html Higher oil prices boost Oil Search profit 19 Feb 2019 - Oil Search (ASX:OSH) has announced its half year results for financial year 2019 with net profit after tax increased rising by 13 per cent to US$341.2 million. https://www.finnewsnetwork.com.au/archives/finance_news_network222075.html Tue, 19 Feb 2019 00:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222075.html Blackmores shares plummet as China slowdown hits profits 19 Feb 2019 - Blackmores (ASX:BKL) has announced its half year results for financial year 2019 with a flat net profit result of $34 million, when compared to the year earlier period. https://www.finnewsnetwork.com.au/archives/finance_news_network222076.html Tue, 19 Feb 2019 00:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222076.html Cochlear posts rise in profits, increases interim dividend 19 Feb 2019 - Cochlear (ASX:COH) has announced its half year results for financial year 2019 with reported net profit rising 16 per cent to $128.6m, compared to the same time last year. https://www.finnewsnetwork.com.au/archives/finance_news_network222073.html Mon, 18 Feb 2019 23:55:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222073.html IOOF posts solid first half 19 Feb 2019 - IOOF (ASX:IFL) has announced its half year results for financial year 2019 net profit after tax (NPAT) $135.4 million up from $45.2 million in the year earlier period. https://www.finnewsnetwork.com.au/archives/finance_news_network222074.html Mon, 18 Feb 2019 23:55:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222074.html Coles net profit falls after demerger restructuring costs 19 Feb 2019 - Coles (ASX:COL) has announced its half year results for financial year 2019 with net profit slipping 29 per cent to $381 million compared to the same period a year earlier. https://www.finnewsnetwork.com.au/archives/finance_news_network222072.html Mon, 18 Feb 2019 22:23:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222072.html Altium expects to hit $200m revenue by 2020 19 Feb 2019 - Software designer, Altium (ASX:ALU) has announced its half year results for financial year 2019 with net profit, earnings and revenue all higher compared to the same time last year. https://www.finnewsnetwork.com.au/archives/finance_news_network222071.html Mon, 18 Feb 2019 22:20:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222071.html Wall Street closed: Aus shares set for flat open 19 Feb 2019 - Australian shares look set for a lacklustre start this morning as investors await earnings results and the minutes from the latest RBA policy meeting. Seven Group Holdings (ASX:SVW) has announced the board appointment of Kate Farrar as an Independent Non-Executive Director. https://www.finnewsnetwork.com.au/archives/finance_news_network222070.html Mon, 18 Feb 2019 21:25:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222070.html Bank of Queensland shares slide: ASX closed 0.4% higher 18 Feb 2019 - It has been a positive day of trade for the Australian share market closing 0.4% higher. Waste management company Bingo Industries (ASX:BIN) saw their shares slump, hit by the apartment building slowdown. They reduced their full-year profit forecast by up to 20%. GWA Group (ASX:GWA) saw their shares rise after announcing a net profit rise of 7.3% for their half year results 2019. Bank of Queensland (ASX:BOQ) shares took a dip today after a $12m guidance downgrade. https://www.finnewsnetwork.com.au/archives/finance_news_network222069.html Mon, 18 Feb 2019 06:15:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222069.html Bingo's shares slump on building slowdown: ASX 0.4% higher at noon 18 Feb 2019 - The ASX opened higher starting the week off with a strong start, boosted by solid gains on global equity and commodity markets over the weekend. US-China trade talks progression helped boost markets - the talks are moving from Beijing to Washington this week. GWA Group (ASX:GWA) saw their shares rise after they reported their half year net profit rose 7.3%. Bingo Industries (ASX:BIN) has been hit by apartment building slowdown and have reduced their full-year profit forecast by up to 20%. https://www.finnewsnetwork.com.au/archives/finance_news_network222068.html Mon, 18 Feb 2019 01:35:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222068.html McGrath posts $2.5m loss on back of tough market conditions 18 Feb 2019 - McGrath (ASX:MEA) has announced its 1HFY19 result has been impacted by subdued property market conditions, resulting in an underlying earnings EBITDA loss of $2.5 million. https://www.finnewsnetwork.com.au/archives/finance_news_network222066.html Mon, 18 Feb 2019 00:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222066.html Santos boosts operated position across offshore Northern Australia 18 Feb 2019 - Santos (ASX:STO) has today announced a boost to its operated position across offshore Northern Australia. https://www.finnewsnetwork.com.au/archives/finance_news_network222067.html Mon, 18 Feb 2019 00:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222067.html More upside for resource stocks 18 Feb 2019 - Fairmont Equities managing director Michael Gable takes a technical look at Rio Tinto, Independence Group NL, Vaneck Vectors Gold Miners and A2 Milk Company. https://www.finnewsnetwork.com.au/archives/finance_news_network222064.html Mon, 18 Feb 2019 00:20:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network222064.html nib defies industry trends and posts solid first half result 18 Feb 2019 - Health insurer nib (ASX:NHF) has announced its half year results for financial year 2019 with net profit and revenue both lifting on a year on year basis. https://www.finnewsnetwork.com.au/archives/finance_news_network222062.html Sun, 17 Feb 2019 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222062.html Brambles profit slides 27% due to higher costs 18 Feb 2019 - Global logistics company, Brambles (ASX:BXB) has announced its 1HFY19 net profit fell 27 per cent to US$319.8 million on the back of higher operating costs and challenging macro-economic conditions. https://www.finnewsnetwork.com.au/archives/finance_news_network222063.html Sun, 17 Feb 2019 23:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222063.html Contact Energy launches $100m Green Bond offer 18 Feb 2019 - New Zealand electricity generator, Contact Energy (ASX:CEN) has launched a $100 million retail Green Bond offer. https://www.finnewsnetwork.com.au/archives/finance_news_network222060.html Sun, 17 Feb 2019 22:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222060.html GWA Group profits rise on back of group earnings and lower net interest expense 18 Feb 2019 - Manufacturer and distributor of building and household fittings, GWA Group (ASX:GWA) has announced its half year results for financial year 2019 with net profit, earnings and revenue all higher on a year on year basis. https://www.finnewsnetwork.com.au/archives/finance_news_network222061.html Sun, 17 Feb 2019 22:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network222061.html Wall St posts solid gains: Aus shares set for positive start 18 Feb 2019 - Australian shares are set for a positive start this morning following strong leads from Wall Street on Friday. Macquarie Media company (ASX:MRN) has released its half year results for FY2019 with net profit, group revenues and earnings all down on a year on year basis. https://www.finnewsnetwork.com.au/archives/finance_news_network222059.html Sun, 17 Feb 2019 21:15:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network222059.html