Finance News
18 Jun 2018 - Market Wrap. Galaxy Resources (ASX:GXY) shares copped a bit of selling today after the company that owns the royalty rights of its WA Mt Cattlin Mine, advised it's selling its rights for $11m. Takeover of Atlas Iron (ASX:AGO) heats up Rinehart's company increasing its stake to 20% plus offering to take AGO over for $390m. Watch for more.
18 Jun 2018 - The Australian share market opened higher this morning but has fallen in the first two hours of trade. Resource stocks have dragged the market down suffering losses on the back of a commodity retreat. The securities in Atlas Iron (ASX:AGO) have been placed into a trading halt at the request of the company, pending the release of an announcement.
18 Jun 2018 - Australian futures are pointing to a flat open this morning after Wall Street pared back losses but still finished the day in the red on Friday. Cimic Group (ASX:CIM) has announced its 50 per cent owned associate Ventia has been awarded a contract to deliver Australia's National broadband network.
15 Jun 2018 - Market wrap. Watch all you need to know about today's stellar close. Nnews from Wattle Health (ASX:WHA), BHP (ASX:BHP), CIMIC (ASX:CIM), Kogan (ASX:KGN), AGL (ASX:AGL) and Trimantum GrowthOps (ASX:TGO). Plus Vocus (ASX:VOC) gains over 5%, CBA (ASX:CBA) up 2.3% & Westpac (ASX:WBC) up 2.2% despite ASIC proceedings.
15 Jun 2018 - Market at Midday. Telstra (ASX:TLS) extends its upward surge, rising 2.4%, back towards 50-day MA. BHP (ASX:BHP) approves $US2.9b injection into a new iron ore mine in WA's Pilbara region. Kogan (ASX:KGN) CEO and CFO take profits, Trimantum GrowthOps (ASX:TGO) pounces on APD (ASX:DIG) and AGL (ASX:AGL) gets buy-in power.
15 Jun 2018 - Australian shares are poised to lift, as the NASDAQ rose on a tech rally. Comcast Corp. and Walt Disney were some of the biggest gainers as they bid for 21st Century Fox Incs entertainment assets. Facebook, Amazon and other tech giants climbed sending the NASDAQ to a record high. Back home Avanco (ASX:AVB) shareholders are being urged to accept the off market take over offer from Oz minerals (ASX:OZL).
14 Jun 2018 - The unemployment rate fell more than expected, but employed people rose less than expected. Coca-Cola (ASX:CCL) made it way back into the news. Qantas (ASX:QAN) foreign ownership stands at 46% and it has $40m of buy-back remaining. Watch for full wrap of days news.
14 Jun 2018 - The Australian share market opened lower this morning and is now trading flat at noon. It rallied from a drop after the decision by the US Federal Reserve to raise rates following soft leads from Wall Street. The Australian dollar had been falling throughout the morning, but rose slightly on the news the unemployment rate fell in May - but is still trading lower for the session. Retail Food Group (ASX:RFG) and IRESS (ASX:IRE) made good gains. Danakali (ASX:DNK) announced some major staff changes.
14 Jun 2018 - The Australian share market is set to open lower this morning after Wall Street extended losses into the close. This was due to the Federal Reserve raising interest rates for the second time this year. Before New York closed, Comcast said it offered $86 billion for the businesses Twenty-First Century Fox had already agreed to sell to Walt Disney. Back home, SCA Property Group (ASX:SCP) sees total portfolio capitalisation rate improve.
13 Jun 2018 - Market Wrap. Scratching out gains. RBA Governor, says Australia could do better, as the unemployment rate has been around 5½ per cent for a year. A CIMIC Group (ASX:CIM) led consortium leads the pack as the preferred party for designing and constructing a NZ prison project worth NZ$750m. APA Group (ASX:APA) gained 21% after receiving a $13b takeover offer, plus Gateway Lifestyle Group (ASX:GTY) received a $635m takeover offer from Hometown. Watch for more.
13 Jun 2018 - Market at Midday. Miners and oil companies hold back ASX. Utilities surged after APA (ASX:APA) jumped 21% on $13 billion takeover offer. Pilbara Minerals (ASX:PLS) announces commissioning of its flagship lithium-tantalum project. ASX top 300, Global Geoscience (ASX:GSC) plans to raise $53 million from an institutional placement at 41 cents to fully fund its Rhyolite Ridge Lithium-Boron project in Nevada. Watch for more.
13 Jun 2018 - Australian shares are set for a weaker open following a muted session in the US overnight. Wall Street closed little changed on Tuesday as markets await detail on US President Trump and North Korean leader Kim Jong Un's talks in Singapore. Syrah Resources (ASX:SYR) has addressed media reports concerning attacks near its Balama Graphite Operation in Mozambique.
12 Jun 2018 - Market Wrap. Weakness in miners on US President Donald Trump and North Korean leader Kim Jong Un meeting. Freedom Foods Group (ASX:FNP) shares hit a fresh all time high today. Windlab (ASX:WND) received first ever environmental approval for a wind farm in Tanzania. Plus news on Virgin Australia (ASX:VAH), Wesfarmers (ASX:WES), APA Group (ASX:APA) and AGL Energy (ASX:AGL) deal, plus IMF Bentham (ASX:IMF).
12 June 2018 - Market at Midday: Asian and Aus shares higher on Trump and Kim Jong Un talks. Costa Group (ASX:CGC) shares up 3.6%, hitting all time high. Superloop (ASX:SLC) buys fibre broadband customer base on nbn network. JPMorgan Chase buys major stake in Aurelia Metals (ASX:AMI). UBS sells out of Ausdrill Limited (ASX:ASL). Watch for more.
12 Jun 2018 - Australian shares are set to rise following gains on Wall Street and in Europe. The US share market edged higher on Monday with shares in United Health, Home Depot and Boeing among the best performers on the Dow. Crown Resorts (ASX:CWN) has provided a market update on the proposed buy-back of the outstanding subordinated notes.
08 Jun 2018 - Market Wrap. ASX20, ASX50, ASX100 and ASX200 reshuffled with Afterpay Touch (ASX:APT) & Kidman Resources (ASX:KDR) in ASX200. MMJ PhyoTech (ASX:MMJ) pleased Canada cleared a major hurdle in legalising recreational marijuana. Mineral Resources (ASX:MIN) ore reserves proved for 30 yrs. Watch for more.
08 Jun 2018 - Market at Midday. Tabcorp (ASX:TAH) in talks with its partner, News UK about the proposed exit of UK wagering and gaming business, Sun Bets. Retail Food Group (ASX:RFG) will be ousted from the top 200. Plus news on Shaver Shop (ASX:SSG) buy-back and Charter Hall (ASX:CHC) first-time Moody's rating.
08 Jun 2018 - Australian shares are set to open lower this morning after mixed metals prices and tech taking a tumble on Wall Street. The Nasdaq 100 Index dropped the most in three weeks. The Dow ended higher, boosted by McDonald's shares rising after news of potential job cuts. Back home, Boyuan Holdings (ASX:BHL) has sold the Peachtree Hotel.
07 Jun 2018 - Market Wrap. Rio (ASX:RIO) & BHP (ASX:BHP) gained over 2%. Oil price rose slightly above OPEC's target price of US$65, with Santos up 3.8%. Macquarie Group (ASX:MQG) closed its capital notes 3 offering (MCN3), raising $1 billion. Fortescue Metals (ASX:FMG) has snapped up 20 per cent of Atlas Iron (ASX:AGO), joining shareholders Macquarie Group (ASX:MGQ) and Credit Suisse. Watch for more news.
07 Jun 2018 - Market at Midday. Fortescue Metals (ASX:FMG) snaps up about 20% in Atlas Iron (ASX:AGO), joining fellow stakeholders in AGO, Macquarie Group and Credit Suisse. Plus news on Investa Office Fund (ASX:IOF) new major tenant, and a2 Milk (ASX:A2M) rally. Plus Australia's trade surplus falls, but ASX holds steady.
07 Jun 2018 - Australian shares are set to open higher this morning after a good rally in base metals. Wall Street did well with all three major benchmarks extending their gains til the close. BHP Billiton (ASX:BHP) advanced as did Rio Tinto (ASX:RIO). Back home, Godfreys (ASX:GFY) is set to see some cash flow issues this month.
06 Jun 2018 - It's been a positive day of trade for the Australian share market. The market opened stronger then struggled to maintain momentum as it waited for the country's GDP first quarter results – which were stronger than expected. Copper prices have surged on concerns that workers at BHP's mine in Chile could go on strike. And CIMIC Group's (ASX:CIM) global mining services provider, Thiess, has been awarded a $160 million contract extension.
06 Jun 2018 - Australian shares opened stronger but struggled to hold gains. We saw a dip prior to the release of the latest GDP figures which were above expectation and the markets are now tracking sideways. Banking stocks continue to perform poorly but resources are doing particularly well. BHP Billiton (ASX:BHP) is leading the index, up 2 per cent today. Commonwealth Bank (ASX:CBA) shares have fallen substantially from earlier today to be sitting 1.3 per cent lower. And a new patent deal for ResApp Health (ASX:RAP).
06 Jun 2018 - Australian shares are set for a stronger open today, following a mixed session on Wall street. The tech heavy Nasdaq closed at a record high, led by gains in Amazon and Netflix. Gold producer, Millennium Minerals (ASX:MOY) has received a credit commitment of $17 and a half million from Investec.
05 Jun 2018 - Market Wrap. ASX back peddles on tax selling. Australia's current account deficit falls more than expected. Morgan Stanley extends relationship with Praemium (ASX:PPS). Kogan (ASX:KGN) has quashed media speculation as moves into white goods and kitchens. Plus news on a2 Milk (ASX:A2M) shares rally amid BlackRock buy in. Plus news on Argosy Minerals (ASX:AGY) first batch of lithium carbonate.
05 Jun 2018 - The Australian share market dropped like a stone at the open and has remained underwater in the first two hours of trade with the property, energy and utility sectors leading the drag. It comes despite, the tech heavy Nasdaq on Wall Street hitting a record close. We are seeing the likes of BHP (ASX:BHP) and Rio (ASX:RIO) trade over 1 per cent lower. A2 Milk (ASX:A2M) shares have seen a strong rally today after BlackRock snapped up a major holding in the firm.
05 Jun 2018 - Australian shares are set to open lower today, as Wall Street's tech rally continues. There are bubble warnings as the tech giants keep surging ahead with the Nasdaq Composite Index closing a fresh record. But strategists say tech's dominance is far from over. Perth-listed, Houston-based junior driller Antares Energy (ASX:AZZ) has changed its name to Big Star Energy (ASX:BNL).
04 Jun 2018 - Market Wrap. Mineral Resources (ASX:MIN) chimes up, FMG continues rally. Webjet (ASX:WEB) announces suite of changes to its board, including the appointment of Aristocrat Leisure's (ASX:ALL) former CFO as a new independent non-exec director. Plus news on The Commonwealth Bank (ASX:CBA), Bubs Australia (ASX:BUB), Mortgage Choice (ASX:MOC), Vicinity Centres (ASX:VCX) and Jumbo Interactive (ASX:JIN).
04 June 2018 - Market at Midday. Good start to week with property, miners and discretionary sectors leading. Lithium and iron ore prices push up. BHP up. Mortgage Choice (ASX:MOC) shares trade higher on new pay model talks, MYOB (ASX:MYO) talks to the street, Jumbo Interactive (ASX:JIN) makes jumbo gains on profit surge and special dividend. Click for details and more.
04 Jun 2018 - The Australian share market looks set to open higher this morning following a rebound on Wall Street on Friday. Markets shrugged off fears of a trade war after a stronger than expected jobs report pushed stocks higher. Online shopping platform Kogan (ASX:KGN) has inked a deal with Vodafone New Zealand that will enable Kogan to enter the New Zealand telco market.
01 Jun 2018 - Market Wrap. ASX extends downward trend on trade war fears. Domino's (ASX:DMP) & iSelect (ASX:ISU) rally. Updates on Cochlear (ASX:COH), APA Group (ASX:APA), Integral Diagnostics (ASX:IDX) and Dexus (ASX:DXS).
01 Jun 2018 - Market at Midday. ASX re-enters bearish grounds. ANZ (ASX:ANZ) leads the big four banks lower. Virgin (ASX:VAH) leads the industrials lower. Cochlear (ASX:COH) shares hit an all-time high, cracking over $200, despite BlackRock slightly reducing its major holding. APA Group (ASX:APA) sweetens power purchase agreement with Alinta Energy, plus an IPO from yesterday makes waves. Watch for more.
01 Jun 2018 - The start of June is set to see Australian shares open lower due to concerns over the global economy. Shares on Wall Street dropped - with Industrials shedding as President Trump decides to impose tariffs on steel and aluminium imports from three of America's biggest allies – Canada, the EU and Mexico. This will disrupt manufacturing output and raise prices for consumers and producers. Back home Mantra (ASX:MTR) sale goes through.
31 May 2018 - Market Wrap: ASX gains half a per cent with energy majors each Beach Energy and Santos gaining 3%, lithium major Galaxy rising 5.5%. Private sector credit in line with expectations. Plus updates on Tawana Resources (ASX:TAW), MYOB Group (ASX:MYO), The ASX (ASX:ASX), Mesoblast (ASX:MSB), Zip Co (ASX: Z1P) and Super Retail Group (ASX:SUL) and IPO Onemarket (ASX:OMN)