Finance News
17 Dec 2018 - It has been a positive day of trade for the ASX with a close 1% higher. There was an afternoon swing boosted by the Commonwealth Bank (ASX:CBA) which saw a rise after lunch. BHP (ASX:BHP) also did well seeing a rise of over 3 per cent. Australian Pharmaceutical Industries (ASX:API) took a dent in their shares today. And liquidation of CBL Corp (ASX:CBL) has been opposed.
17 Dec 2018 - The ASX opened lower this morning after a cautious start to the week and is now tracking 0.03 per cent lower at noon. Federal Government released a mid-year review earlier today with revisions since the May Budget. And Woodside Petroleum (ASX:WPL) has started phase 1 of its first oil production project in Senegal.
17 Dec 2018 - Australian shares are set to drop at the open after Wall Street fell to an eight-month low on Friday. The falls came on the back of weaker than expected economic data out of China. Rare earths miner, Lynas (ASX:LYC) has hit back at media reports.
14 Dec 2018 - Market Wrap. Telcos see selling as analysts surprised by ACCC concerns. Nine Entertainment (ASX:NEC) enters ASX top 100 after merging with Fairfax. Australian Pharmaceutical Industries (ASX:API) buys 13% of Sigma (ASX:SIG) and made a $727m takeover offer for the rival. Yandal Resources (ASX:YRL) lists at 10% profit.
14 Dec 2018 - The ASX has been falling lower through out the morning and is tracking 0.7% lower at noon. Australian Pharmaceutical Industries (ASX:API), saw a rise today after reiterating its desire to merge with Sigma Healthcare. They already hold 12.95 per cent of shares in Sigma. And Wesfarmers (ASX:WES) has strengthened its board.
14 Dec 2018 - The ASX is set to open lower this morning on the back of a mixed performance on Wall Street. Small caps lead declines in the US yesterday, as trade tensions continued to weigh. Utilities were on the rise in the US yesterday but banks didn't fare so well. Building materials supplier CSR (ASX:CSR) announced today that Rob Sindel will step down as CEO and MD.
13 Dec 2018 - Market Wrap. Shopping Centres Australasia Property Group (ASX:SCP) distribution rises 6.6%, property valuations up 0.5%. ANZ's (ASX:ANZ) Fred Ohlsson to take an unpaid career break after 17-years. APA (ASX:APA) Group MD and CEO to retire. ACCC raises concerns about potential merger with TPG Telecom (ASX:TPM) and Vodafone Hutchison (ASX:HTA)
13 Dec 2018 - The ASX is trading higher at noon - tracking 0.3%. Big banks and miners are helping the rise. ANZ (ASX:ANZ) is up despite Group Executive Fred Ohlsson announcing he is stepping down. And New Zealand energy company Mercury (ASX:MCY) today confirmed that it has entered into an agreement with the Crown.
13 Dec 2018 - The ASX is set to open higher this morning. Shares on Wall Street jumped in morning trading, led by tech stocks. European stocks rallied as the British prime Minister defeated a challenge to her leadership. iSignthis (ASX:ISX) subsidiary has gone live on its own integrated and unified neobanking platform.
12 Dec 2018 - The ASX bounced 1.4% higher, continuing its rally for the second day, but it still wasn't enough to recoup the losses made on Monday, after the XJO lost 2.3%. Financials and Energy led the larger sectors higher after rising 2 per cent each. The Citadel Group (ASX:CGL) has completed the purchase of the government business, Gruden from IncenitaPay (ASX:INP).
12 Dec 2018 - The ASX opened higher following mixed leads from Wall Street where gains and losses alternated throughout the trading day yesterday. It is now tracking 0.6 per cent higher at noon. The Energy sector is leading the way and the Telco services sector trailing behind. And the Trade Me (ASX:TME) board has accepted a $2.4 billion bid from Apax after a bidding war.
12 Dec 2018 - Australian shares are set to open higher despite a volatile session on Wall Street overnight. Shares of Sonic Healthcare (ASX:SHL) will be placed into a trading halt, pending the release of an announcement.
11 Dec 2018 - Market Wrap. The Commonwealth Bank of Australia (ASX:CBA) hit with $100m provision on the back of higher than expected financial crime compliance. QBE (ASX:QBE) announces $130m cost-saving program. Cooper Energy (ASX:COE) continues to rally on Sole gas project test success.
11 Dec 2018 - Mid session report. Shopping Centres Australasia Property Group (ASX:SCP) downgraded by GS but YOY its shares are up 10%. Charter Hall Retail REIT (ASX:CQR) outperforms its peers, says GS. Stockland (ASX:SGP) in talks to sell Melbourne's The Grove. Cooper Energy (ASX:COE) Sole gas project successfully tested, COE shares up 44% YOY.
11 Dec 2018 - Australian shares are set to open higher following a recovery on Wall Street. QBE (ASX:QBE) says it has simplified its group portfolio with sale of its insurance operations in Puerto Rico, Indonesia and the Philippines.
10 Dec 2018 - The ASX fell today to a 23-month low today, weighed down by the major banks. Materials has the least losses with gold miners the best performers in the sector. Healthcare was dragging behind. Regional Express (ASX:REX) hedges 2nd half FY2019 jet fuel requirement.
10 Dec 2018 - Mid session report. Home loans rise, beating expectations. IOOF Holdings (ASX:IFL) Chairman and MD step down, stock marked as neutral 'high-risk' by Citi. Bank of Queensland (ASX:BOQ) not selling St Andrew's to Freedom Insurance (ASX:FIG). Northern Star Resources (ASX:NST) rallies on new deal over South Kalgoorlie Cannon Gold Mine.
10 Dec 2018 - A weaker than expected jobs report and simmering US-China trade tensions rattled investors. Cloud and telco business Inabox (ASX:IAB) has agreed to MNF Group's (ASX:MNF) takeover bid.
07 Dec 2018 - After a positive open and some rallies this morning the local bourse lost some ground in the afternoon, but still managed to close 0.4 per cent higher. This rebound comes after three days of sell offs and a 0.8 per cent decline in the iron ore price. Most of the sectors closed in positive territory, with Energy, Tech and Materials being the only sectors in the red. IOOF (ASX:IFL) shares have taken a hit today following APRA's decision to seek Federal Court approval to disqualify three executives and two directors.
07 Dec 2018 - The ASX has rebounded from its three day sell off with most sectors trading higher at noon and just Materials lagging, despite the iron ore price trading under US$67. Wealth manager IOOF (ASX:IFL) saw a huge drop in their shares after APRA notified them last night that they are calling on disqualifying a host of senior executives.
07 Dec 2018 - The ASX is set to fall this morning as the uncertainty over the US-China trade deal rumbles on. OPEC talks ended without a deal on oil production cuts. All European sectors were in the red, with many forces weighing on the markets. And Syrah Resources (ASX:SYR) are hunting for a new non-executive director.
06 Dec 2018 - Flat finish: Aus shares close 0.2% lower. Wesfarmers (ASX:WES) has completed the sale of all the ordinary shares in Coles Group Limited (ASX:COL) required to be sold under the sale facility established by Wesfarmers in connection with the demerger of Coles. The average sale price achieved under the sale facility was $11.9921 per Coles share.
06 Dec 2018 - The ASX opened lower and continued to fall throughout the morning. ABS released figures for retails sales showing a rise for October and figures for international trade in goods and services causing shares to dip further. Inabox (ASX:IAB) unanimously continues to recommend the improved MNF (ASX:MNF) transaction.
06 Dec 2018 - Australian shares are poised to open higher this morning as global selling slowed somewhat. Wall Street was closed yesterday for the funeral of former president George HW Bush. Fonterra (ASX:FSF) revises pay out to farmers for their Farmgate Milk price range.
05 Dec 2018 - For a second day the ASX dropped lower as Wall St saw a sell off due to tensions around the US-China trade deal. There was a weak rally towards the end of trade. Rare earths producer Lynas (ASX:LYC) has been ordered by the Malaysian government to remove their radioactive waste.
05 Dec 2018 - The ASX opened lower and saw an early morning sell off. Although still lower at midday, there has been a small recovery. Now tracking 1.3 per cent lower. The Aussie dollar dropped today after the ABS released figures for the September quarter showing the economy falling below expectations. And telecommunications company Inabox (ASX:IAB) receives answers from SB&G Telecoms.
05 Dec 2018 - Aus shares to drop after stocks plummeted in US. Doubts of a trade deal being reached between the US and China, and, concerns about the US economy rattled investors. AMP (ASX:AMP) has announced Alex Wade will join its leadership group.
04 Dec 2018 - The ASX closed lower today after a small rise in early morning trade. The best performing sector was Telcos adding 0.3% while the worst performing sector was Consumer Discretionary. The RBA has kept the official cash rate on hold. Cedar Woods Properties (ASX:CWP) has settled the sale of the new Target Head Office.
04 Dec 2018 - The ASX opened lower and continued to drop throughout the early morning, but bounced back before noon and is now tracking 0.6 per cent lower. The Industrials sector was the best of the worst and the Consumer Discretionary sector trailing behind. Valmec (ASX:VMX) is pleased to announce the award of over $25 million of new services.
04 Dec 2018 - The ASX is poised to open lower as uncertainty still hangs over the US and China trade truce. In the US the S&P 500 Index rose more than 1%. PepsiCo and Coca-Cola helped weigh down consumer staples in the US. Carnarvon Petroleum (ASX:CVN) secures new rig contract.
03 Dec 2018 - Market Wrap. All sectors lift on US-China 90 day trade war truce with ASX200 up 104 points. Wesfarmers (ASX:WES) completes $860m sale of Bengalla JV stake, resulting in $670m profit. Graincorp (ASX:GNC) rallies on $2.4b takeover from investment manager. Syrah Resources (ASX:SYR) gains 11% on lift in graphite. Santos (ASX:STO) up 9% on saving JV project 40%.
03 Dec 2018 - Mid session report. Santos' (ASX:STO) JV project 40% under budget, lifts shares 6%. Coca-Cola (ASX:CCL) shares up 1.2% despite Citi downgrade on earnings slowdown. Graincorp (ASX:GNC) shares up 27% on $2.4b takeover offer. Syrah Resources (ASX:SYR) up 11% on lift in graphite in Nov & being on track for production.
03 Dec 2018 - Australian shares are set to open higher this morning after rally on Wall Street on Friday. Brickworks (ASX:BKW) says it has sold about $5.9 million shares in Washington H Soul Pattison.
30 Nov 2018 - The market opened lower, saw heavy sell offs throughout the day, closing 1.6 per cent lower. All sectors ended in the red. Coca Cola Amatil's (ASX:CCL) share price has taken a hit today following the company's announcement that it is selling SPC.
