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 New Hope (ASX:NHC) served with HCA special leave application: Aus shares close 0.2% higher 20 Jan 2020 - It’s been an upbeat day of trade, with the ASX200 finishing 0.2 per cent higher despite a mid-session dip. This marks the 5th consecutive session of gains for the local bourse. The Materials sector led the gains, bolstered by strong performances from Silver Lake Resources (ASX:SLR) and Fortescue Metals Group (ASX:FMG). https://www.finnewsnetwork.com.au/archives/finance_news_network275037.html Mon, 20 Jan 2020 05:30:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275037.html New Energy Solar (ASX:NEW) considers expansion of asset sale: Aus shares 0.3% higher at noon 20 Jan 2020 - The Australian share market opened slightly lower this morning. It jumped in the first twenty minutes of trade, has been tracking sideways into the mid-session and is now tracking 0.3% higher. Shares in Nib Holdings (ASX:NHF) were hit hard this morning after the company downgraded its underlying operating profit by $30 million for the 2020 financial year. https://www.finnewsnetwork.com.au/archives/finance_news_network275036.html Mon, 20 Jan 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275036.html Nib (ASX: NHF) downgrades profit guidance 20 Jan 2020 - Nib Holdings (ASX:NHF) has downgraded its profit guidance for the 2020 financial year. https://www.finnewsnetwork.com.au/archives/finance_news_network275034.html Sun, 19 Jan 2020 23:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275034.html G Medical Innovations (ASX:GMV) secured Taiwan FDA approval 20 Jan 2020 - Medical product provider, G Medical Innovations (ASX:GMV) has secured regulatory approval from the Taiwan Food and Drug Administration for its Prizma device. https://www.finnewsnetwork.com.au/archives/finance_news_network275035.html Sun, 19 Jan 2020 23:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275035.html Kogan (ASX:KGN) achieves record sales 20 Jan 2020 - Diversified online retailer, Kogan.com (ASX:KGN) has recorded the highest half yearly gross sales and gross profit in the company’s history. https://www.finnewsnetwork.com.au/archives/finance_news_network275032.html Sun, 19 Jan 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275032.html Resolute Mining (ASX:RSG) adds to $US gold hedge book 20 Jan 2020 - Resolute Mining (ASX:RSG) has forward sold an additional 37,200 ounces of gold at an average price of US$1,562 per ounce. https://www.finnewsnetwork.com.au/archives/finance_news_network275033.html Sun, 19 Jan 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275033.html Why the Aussie share market has more upside 20 Jan 2020 - Fairmont Equities Managing Director Michael Gable takes a technical look at why the Aussie share market has more upside https://www.finnewsnetwork.com.au/archives/finance_news_network275031.html Sun, 19 Jan 2020 22:00:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network275031.html Wisr (ASX:WZR) share purchase plan 20 Jan 2020 - Wisr (ASX:WZR) is offering a share purchase plan which will allow retail investors to purchase up to $30,000 worth of Wisr shares, without incurring brokerage or transaction costs. https://www.finnewsnetwork.com.au/archives/finance_news_network275028.html Sun, 19 Jan 2020 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275028.html Gentrack Group (ASX:GTK) downgrades FY20 outlook 20 Jan 2020 - Gentrack Group (ASX:GTK) has downgraded its outlook for the 2020 financial year. https://www.finnewsnetwork.com.au/archives/finance_news_network275030.html Sun, 19 Jan 2020 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275030.html Lynas (ASX:LYC) defends High Court proceedings: Aus shares to open higher 20 Jan 2020 - The ASX is set to open higher following strong leads from Europe and US markets. US major indices inked fresh record highs on Friday fuelled by tech stocks, robust retail data and positive sentiment generated from the US-China phase 1 trade deal. In Europe, utility stocks soared on the German Government’s plans to compensate RWE €2.6B for costs related to the country's planned coal exit. https://www.finnewsnetwork.com.au/archives/finance_news_network275029.html Sun, 19 Jan 2020 20:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275029.html Ord Minnett downgrades Megaport: Aus shares close 1.9% higher over week 17 Jan 2020 - It has been a positive week of trade for the Australian share market. Today, the market opened in the black following strong leads from the US overnight, as Wall Street rallied on the execution of the US-China phase one trade deal. It closed 0.3 per cent higher. Over the week, the market hit a fresh record high, managing to push above the 7,000-point barrier for the first time on record. Ord Minnett has downgraded Megaport (ASX:MP1) from an accumulate to a hold, with a 12-month price target of $11.30. https://www.finnewsnetwork.com.au/archives/finance_news_network275026.html Fri, 17 Jan 2020 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275026.html Macquarie downgrades Magellan (ASX:MFG): Aus shares 0.5% higher at noon 17 Jan 2020 - The Australian share market is tracking 0.5% higher at noon. Macquarie has downgraded Magellan Financial Group (ASX:MFG) from a neutral to an underperform, with a 12-month price target of $55.00. https://www.finnewsnetwork.com.au/archives/finance_news_network275025.html Fri, 17 Jan 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275025.html Bailador (ASX:BTI) to sell $10M holding in SiteMinder 17 Jan 2020 - Tech and media investor, Bailador Technology Investments (ASX:BTI) has agreed to sell around $10 million of its current holding in hotel guest acquisition platform, SiteMinder. https://www.finnewsnetwork.com.au/archives/finance_news_network275023.html Fri, 17 Jan 2020 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275023.html Nufarm (ASX:NUF) manages investor expectations ahead of results 17 Jan 2020 - Australian agri chemical company, Nufarm (ASX:NUF) has given an update on market conditions experienced during its first half-year ending 31 January 2020, ahead of its results. https://www.finnewsnetwork.com.au/archives/finance_news_network275024.html Fri, 17 Jan 2020 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275024.html Sezzle’s (ASX:SZL) California lending license approved 17 Jan 2020 - The State of California Department of Business Oversight has granted US-based alternative payments leader, Sezzle (ASX:SZL) a lending license in the State of California. https://www.finnewsnetwork.com.au/archives/finance_news_network275021.html Thu, 16 Jan 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275021.html PSC Insurance Group (ASX:PSI) increases initial payment price for Paragon acquisition 17 Jan 2020 - Risk management and insurance broker, PSC Insurance Group (ASX:PSI) has provided an update on the performance of its acquisition target Paragon. https://www.finnewsnetwork.com.au/archives/finance_news_network275022.html Thu, 16 Jan 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275022.html Tungsten Mining (ASX:TGN) says latest assay results are "outstanding" 17 Jan 2020 - Tungsten Mining NL (ASX:TGN) has given an update on drilling at the Mt Mulgine Project. The Company says these latest assay results are “outstanding and demonstrate intersections greater that 200 metres in true width”. https://www.finnewsnetwork.com.au/archives/finance_news_network275018.html Thu, 16 Jan 2020 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275018.html Saleable coal production up 15% in Q4 for Yancoal Australia (ASX:YAL) 17 Jan 2020 - Yancoal Australia (ASX:YAL) has released its quarterly activities report for the period ending 31 December 2019. https://www.finnewsnetwork.com.au/archives/finance_news_network275019.html Thu, 16 Jan 2020 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275019.html US-China phase one trade deal signed: Aus shares to open higher 17 Jan 2020 - The Australian share market is poised to open higher. After a week of flirting with the 7000-point barrier, the ASX200 managed to push above the 7000 mark yesterday for the first time on record. Strong leads from the US overnight as Wall Street rallied on the execution of the US-China phase one trade deal. https://www.finnewsnetwork.com.au/archives/finance_news_network275020.html Thu, 16 Jan 2020 21:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275020.html Record day on ASX - passing 7000 point barrier: Aus shares close 0.7% higher 16 Jan 2020 - The Australian share market closed 0.7% higher on the back of the US and China trade deal passing 7000 point barrier. https://www.finnewsnetwork.com.au/archives/finance_news_network275017.html Thu, 16 Jan 2020 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275017.html ASX soars past 7000 point barrier: Aus shares 0.5% higher at noon 16 Jan 2020 - The Australian share market soared past the 7000 point barrier with the US and China signing the phase one trade agreement and the Dow closing above 29k. CSL (ASX:CSL) hits $300 share price. https://www.finnewsnetwork.com.au/archives/finance_news_network275016.html Thu, 16 Jan 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275016.html Awards Iluka Resources' (ASX:ILU) Goods and Services contract 16 Jan 2020 - Iluka Resources (ASX:ILU) has awarded Vysarn’s (ASX:VYS) Pentium with Iluka’s Goods and Services contract. https://www.finnewsnetwork.com.au/archives/finance_news_network275014.html Thu, 16 Jan 2020 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275014.html LiveTiles (ASX:LVT) records 130 per cent ARR growth 16 Jan 2020 - LiveTiles (ASX:LVT) has recorded annualised recurring revenue (ARR) has grown 130 per cent over the year to December 31, 2019. https://www.finnewsnetwork.com.au/archives/finance_news_network275015.html Thu, 16 Jan 2020 00:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275015.html Catapult’s (ASX:CAT) signing momentum continues 16 Jan 2020 - Catapult’s (ASX:CAT) US momentum continues with the company signing Major League Rugby. https://www.finnewsnetwork.com.au/archives/finance_news_network275012.html Wed, 15 Jan 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275012.html Wisr (ASX:WZR) completes raise 16 Jan 2020 - Neo lender Wisr (ASX:WZR) has completed it’s $33.5 million raise. https://www.finnewsnetwork.com.au/archives/finance_news_network275013.html Wed, 15 Jan 2020 23:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275013.html Cokal (ASX:CKA) files civil claim 16 Jan 2020 - Cokal (ASX:CKA) takes legal against PT Resindo Rescources & Energy https://www.finnewsnetwork.com.au/archives/finance_news_network275009.html Wed, 15 Jan 2020 20:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275009.html Company Secretary appoinment at Centaurus Metals (ASX:CTM) 16 Jan 2020 - Centaurus Metals (ASX:CTM) appoints Company Secretary. https://www.finnewsnetwork.com.au/archives/finance_news_network275010.html Wed, 15 Jan 2020 20:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275010.html Dow closes above 29k for first time: Aus shares to open higher 16 Jan 2020 - The Australian share market is set to open higher this morning after the US and China sign trade deal. Turners Automotive Group (ASX:TRA) to launch Carly vehicle subscription service in New Zealand. https://www.finnewsnetwork.com.au/archives/finance_news_network275011.html Wed, 15 Jan 2020 20:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275011.html Aussie shares set fresh highs and come within reach of 7000 level: ASX closes 0.5% higher 15 Jan 2020 - It's been a positive day of trade for the local sharemarket hitting a new record high and closing within 13 points of a key 7000 level. https://www.finnewsnetwork.com.au/archives/finance_news_network275008.html Wed, 15 Jan 2020 06:05:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275008.html Economics, CBA, RIO, CHC, KAR & STO 15 Jan 2020 - Fund Manager Chris Pedersen discusses economic news this week, Commonwealth Bank of Australia, Rio Tinto, Charter Hall Group, Karoon Energy, Santos. https://www.finnewsnetwork.com.au/archives/finance_news_network275007.html Wed, 15 Jan 2020 02:30:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network275007.html Resolute Mining (ASX:RSG) to sell Ravenswood Mine, gold miners leading the ASX charge toward 7000: Aus shares 0.4 % higher at noon 15 Jan 2020 - Australian shares have pushed higher to a new record in early trade despite a mixed lead from the US overnight. Shares in gold and base metals explorer Kalamazoo (KZR) have surged as much as 46 per cent in early trade, after receiving backing from Canadian-listed gold explorer Novo Resources and renowned gold investor Eric Sprott. https://www.finnewsnetwork.com.au/archives/finance_news_network275006.html Wed, 15 Jan 2020 02:10:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275006.html Resolute Mining (ASX:RSG) divests Ravenswood Gold Mine 15 Jan 2020 - Resolute Mining (ASX:RSG) has sold its Ravenswood Gold Mine in Queensland to a consortium comprising EMR Capital and Golden Energy & Resources for up to $300 million. https://www.finnewsnetwork.com.au/archives/finance_news_network275004.html Wed, 15 Jan 2020 01:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275004.html Mesoblast (ASX:MSB) presents at Biotech showcase in San Francisco 15 Jan 2020 - Mesoblast (ASX:MSB) presents at Biotech showcase in San Francisco. https://www.finnewsnetwork.com.au/archives/finance_news_network275005.html Wed, 15 Jan 2020 01:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275005.html New Century Resources (ASX:NCZ) divests minority interest in cattle business for A$9.8M 15 Jan 2020 - Base metal producer, New Century Resources (ASX:NCZ) has sold its 49 per cent interest in the Lawn Hill & Riversleigh Pastoral Holding Company to Waanyi SPC for a total consideration of $9.8 million. https://www.finnewsnetwork.com.au/archives/finance_news_network275002.html Wed, 15 Jan 2020 00:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275002.html Citi maintains buy rating on LiveTiles (ASX:LVT), expects record second quarter 15 Jan 2020 - Citi has maintained its buy rating on software company Livetiles. The broker says it is looking for a record second quarter after a weaker-than-expected first quarter. https://www.finnewsnetwork.com.au/archives/finance_news_network275003.html Wed, 15 Jan 2020 00:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275003.html Wall Street mixed, JP Morgan posts positive results but tariffs targeting China far from over: Aus shares to open higher 20 Jan 2020 - The Australian share market is set to edge higher despite a volatile session on Wall Street with shares ending mostly lower on Tuesday. Medical technology company Volpara (ASX:VHT) has today announced changes to its board with Karin Lindgren to join the Board as an independent, non-executive Director. https://www.finnewsnetwork.com.au/archives/finance_news_network275001.html Tue, 14 Jan 2020 22:15:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network275001.html Gentrack’s (ASX:GTK) sales hit by market conditions 15 Jan 2020 - Software company, Gentrack Group (ASX:GTK) has announced it is continuing to experience difficult market conditions in its key utilities markets. The conditions are impacting Gentrack’s sales pipeline to a greater degree than previously expected. https://www.finnewsnetwork.com.au/archives/finance_news_network274999.html Tue, 14 Jan 2020 21:25:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network274999.html Westpac NZ and Contact Energy (ASX:CEN) agree first sustainability-linked loan 15 Jan 2020 - Westpac NZ and Contact Energy (ASX:CEN) have entered into a $50 million, four-year sustainability linked loan facility. The loan is the first of its kind in New Zealand. https://www.finnewsnetwork.com.au/archives/finance_news_network275000.html Tue, 14 Jan 2020 21:25:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network275000.html Lithium shares continue to rally: Aus shares close 0.9% higher 14 Jan 2020 - It’s been a positive day of trade for the Australian share market closing 0.9 per cent higher. Kangaroo Island Plantation Timbers (ASX:KPT) report further damage. https://www.finnewsnetwork.com.au/archives/finance_news_network274998.html Tue, 14 Jan 2020 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network274998.html Wisr (ASX:WZR) responds to ASX: Aus shares 0.7% higher at noon 14 Jan 2020 - Neo-lender Wisr (ASX:WZR) has responded to the ASX saying it was not in breach of continuous disclosure rules. Electro Optic Systems (ASX:EOS) appoints John Berry, the former US ambassador to Australia, to the board of its US subsidiary. https://www.finnewsnetwork.com.au/archives/finance_news_network274997.html Tue, 14 Jan 2020 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network274997.html Transurban (ASX:TCL) appoints Terry Bowen as a Non-executive Director 14 Jan 2020 - Transurban (ASX:TCL) has appointed Terry Bowen as a Non-Executive Director from the 1st of February 2020. https://www.finnewsnetwork.com.au/archives/finance_news_network274995.html Tue, 14 Jan 2020 00:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network274995.html Imugene (ASX:IMU) receives US patent approval for HER-VAxx 14 Jan 2020 - Immuno-therapy company Imugene (ASX:IMU) has received the US patent for its HER-VAxx cancer treatment. https://www.finnewsnetwork.com.au/archives/finance_news_network274996.html Tue, 14 Jan 2020 00:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network274996.html Mosaic Brands (ASX:MOZ) stores hit by bushfires, pledges to donate $860 000 worth of clothes 14 Jan 2020 - Clothing retailer Mosaic Brands (ASX:MOZ) has announced over half of its 1386 stores have been impacted by the bushfire crisis. https://www.finnewsnetwork.com.au/archives/finance_news_network274993.html Mon, 13 Jan 2020 23:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network274993.html Cynata (ASX:CYP) receives UK approval for clinical trial of Limb Ischaemia treatment 14 Jan 2020 - Cell therapeutics company Cyanata (ASX:CYP) has received the greenlight from British medical authority MHRA to begin the company’s Phase 2 clinical trial of its CYP-002 product. https://www.finnewsnetwork.com.au/archives/finance_news_network274994.html Mon, 13 Jan 2020 23:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network274994.html Wall Street rallies on news US will remove currency manipulator tag from China: Aus shares to open higher 14 Jan 2020 - The Australian share market is set to edge higher following a rally on Wall Street on the back of reports the US will remove China from a list of currency manipulating countries. https://www.finnewsnetwork.com.au/archives/finance_news_network274992.html Mon, 13 Jan 2020 22:10:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network274992.html Wattle Health’s (ASX:WHA) board receives a makeover 14 Jan 2020 - Wattle Health (ASX:WHA) has announced a major board shake up in the wake of a disappointing capital raising. https://www.finnewsnetwork.com.au/archives/finance_news_network274990.html Mon, 13 Jan 2020 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network274990.html Aspen Group (ASX:APZ) CFO resigns 14 Jan 2020 - Accommodation provider Aspen Group’s (ASX:APZ) CFO Devron Abdol has resigned to to pursue an opportunity in a private family office. https://www.finnewsnetwork.com.au/archives/finance_news_network274991.html Mon, 13 Jan 2020 21:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network274991.html Tech stocks lead gains: Aus shares close 0.4% lower 13 Jan 2020 - The Australian share market closed 0.4 per cent lower at the end of Monday’s trade. Tech stocks led the way with Afterpay (ASX: APT) coming up on top. Shares in Zip Co (ASX:Z1P) also rose. https://www.finnewsnetwork.com.au/archives/finance_news_network274989.html Mon, 13 Jan 2020 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network274989.html Monadelphous Group's (ASX:MND) Mondium secures $400 million Rio Tinto (ASX:RIO) contract: Aus shares 0.5% lower at noon 13 Jan 2020 - The Australian share plunged at the open and is now tracking 0.5 per cent lower at noon. Monadelphous Group (ASX:MND) joint venture Mondium has secured a $400 million contract with mining giant Rio Tinto (ASX:RIO). https://www.finnewsnetwork.com.au/archives/finance_news_network274988.html Mon, 13 Jan 2020 01:55:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network274988.html St Barbara (ASX:SBM) and Australian Potash (ASX:APC) JV earn in 13 Jan 2020 - St Barbara (ASX:SBM) has paid $1.75 million to fulfil its expenditure obligation under the first earn-in period for the Lake Wells Gold Project joint venture with Australian Potash (ASX:APC). https://www.finnewsnetwork.com.au/archives/finance_news_network274986.html Sun, 12 Jan 2020 23:55:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network274986.html