Finance News
15 Jul 2020 - In New York, the Dow lifted over 2% overnight. The ASX looks set to open higher this morning. US President Donald Trump yesterday signed legislation to impose sanctions on China in response to its interference with Hong Kong's autonomy. Back home we can expect large dividend cuts due to the coronavirus pandemic. Contact Energy (ASX:CEN) has made two changes to its leadership team.
14 Jul 2020 - The ASX sank at the open, the local bourse closed 0.6 per cent lower. Shares in Credit Corp Group (ASX:CCP) and the Breville Group (ASX:BRG) rose today meanwhile shares in Mesoblast (ASX:MSB) and Afterpay Touch Group (ASX:APT) dipped. The Qantas Group (ASX:QAN) has extended the closing date of the Share Purchase Plan.
14 Jul 2020 - The Australian share market dropped at the open and is now tracking almost 0.5 per cent lower at noon. The Breville Group (ASX:BRG) rose over 7 per cent today meanwhile shares in Afterpay Touch Group (ASX:APT) dipped.
14 Jul 2020 - Following a mixed close from US markets overnight, the ASX looks set to open lower this morning. Investors in China were not perturbed by a rise in coronavirus cases as shares in Asia jumped yesterday. Coronavirus infections past 13 million across the world. The Huljich family, which last disclosed a 22% stake in Pushpay (ASX:PPH) has entered a block trade agreement.
13 Jul 2020 - The Australian share market rose at the open and closed 0.98 per cent up at the end of today's trade. The Star Entertainment Group (ASX:SGR) has confirmed a patron who visited The Star Sydney has returned a positive test for COVID-19.
13 Jul 2020 - The Australian share market opened higher this morning and is now trading 0.7 per cent up at noon. TechnologyOne (ASX:TNE) has responded to a research report published by GMT Research about the company's audited results.
13 Jul 2020 - Australian shares are set to to start the week on a positive footing following overseas gains. US stocks rose Friday as news about a potential coronavirus treatment increased hope for an economic recovery.
10 Jul 2020 - After a shaky day of trade the Australian market closed 0.6% lower. UBS has downgraded Treasury Wines Estates (ASX:TWE) from a Buy to a Neutral, with a 12 month price target of $11.80.
10 Jul 2020 - The Australian share market is off to a rocky start today. It opened lower following renewed fears of a second wave of covid-19 in the US and is now tracking 0.1% per cent lower at noon. Macquarie rates Rio Tinto (ASX:RIO) as an outperform with a 12 month price target of $112. Buy now, pay later provider Sezzle (ASX:SZL) is to raise $86.3 million.
10 Jul 2020 - The Australian market is poised to open lower following mostly negative leads from international markets. This comes as Johns Hopkins University records over 60,000 new covid-19 cases in the US- a record for a 24-hour period. Perth based iron ore explorer, AustSino Resources Group (ASX:ANS) has penned a binding subscription agreement with Midwest Resource Finance Group. Gold and oil retreated overnight.
09 Jul 2020 - The Australian share market rose at the open and continued to rally closing 0.6 per cent up at the end of today's trade. Home loan commitments for housing fell sharply in May, down 11.6 per cent.
09 Jul 2020 - The Australian share market opened higher this morning and is now trading 0.8 per cent up at noon. Salt Lake Potash's (ASX:SO4) the Lake Way Project is now over 90% procured with all key vendor contracts executed. Afterpay (ASX:APT) is leading the top 200 gains at midday.
09 Jul 2020 - Following small gains from US markets overnight, the ASX looks set to open higher this morning. The US is seeing some fluctuation in the markets as investors weigh up the economic recovery from the pandemic. Back home Victorian farmers are struggling to place their products as many Melbourne restaurants return to lockdown. Iron ore saw a sharp rise in price. Rio Tinto gives contract termination notice to Meridian (ASX:MEZ).
08 Jul 2020 - The ASX peaked around lunchtime and managed to close 1.5% lower. Northern Star Resources (ASX:NST) saw a rise in their shares today. Shares in Domain Holdings (ASX:DHG) took a dip. Blackmores (ASX:BKL) has successfully completed its Share Purchase Plan raising approximately $49 million.
08 Jul 2020 - The Australian share market took a dip at the open and is now tracking almost 0.4 per cent lower at noon. Northern Star Resources (ASX:NST) saw a rise in their shares today. Shares in Domain Holdings (ASX:DHG) took a dip. Sezzle (ASX:SZL) has made some key changes to its leadership team today.
08 Jul 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The global rally slowed with European shares slipping alongside US futures. The Shanghai Composite climbed for a sixth day. Yesterday our official cash rate was left at 0.25% for another month – most experts predict it will stay at that historic low for some time yet. SkyCity Entertainment Group (ASX:SKC) says its $50 million share purchase plan saw a 91% take-up.
07 Jul 2020 - After a massive leap upwards at the open, the ASX took a small dip around lunchtime and the local bourse managed to close 0.03% lower. The materials sector is doing well today with shares in St Barbara (ASX:SBM) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in Ooh!Media (ASX:OML) meanwhile took a dip. Sequoia Financial Group (ASX:SEQ) has entered into a Purchase of Assets Agreement with Total Cover Australia (TCA), via the Company's wholly owned subsidiary InterPrac Securities.
07 Jul 2020 - The Australian share market shot up at the open and is now tracking 0.1 per cent higher at noon. The materials sector is doing well today with shares in St Barbara (ASX:SBM), Fortescue Metals Group (ASX:FMG) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in New Hope Corporation (ASX:NHC) and Mesoblast (ASX:MSB) meanwhile took a dip. Iberdrola's take-over offer for renewables company Infigen (ASX:IFN) has been given approval from the Foreign Investment Review Board.
07 Jul 2020 - Following a wide-ranged rally from US markets overnight, the ASX looks set to open higher this morning, despite the coronavirus continuing to hit the United States. White House health advisor Dr. Anthony Fauci says that the resurgence of cases in the States are an extension of the outbreak first reported earlier this year, not a second wave. Pinnacle Investment Management Group (ASX:PNI) is pleased to advise that five affiliates have earned performance fees for the year totalling approximately $25.8 million.
07 Jul 2020 - The Australian share market fell at the open and closed 0.7 per cent down at the end of trade. Mesoblast (ASX:MSB) led the gains after US product use for COVID-19. ANZ Job Ads rose by a record 42.0% m/m in June.
06 Jul 2020 - The Australian share market opened lower this morning and is flat at noon. Qantas (ASX:QAN) and Afterpay (ASX:APT) will launch an exclusive new partnership allowing Qantas Frequent Flyers to earn points with the platform.
06 Jul 2020 - The local sharemarket looks set to start the new week lower following weak leads from European markets. Wall Street was closed for the Independence day holiday on Friday but finished a shortened week strongly on Thursday with stocks rising after than a better-than-expected jobs report. Thursday's gains led to strong weekly performances for the major averages. The Dow rose 3.3 per cent last week and the S&P 500 climbed 4 per cent. Both the Dow and S&P 500 notched their biggest weekly gains since June 5.
03 Jul 2020 - The Australian share market opened higher this morning following positive leads from offshore markets. It fell mid-session and tracked sideways for most of the afternoon to close 0.4 per cent higher. Over the week, the market has gained 154 points or 2.5 per cent. According to the latest Australian Bureau of Statistics retail trade figures, Australian retail turnover jumped 16.9 per cent in May (seasonally adjusted).
03 Jul 2020 - The Australian share market opened higher and is tracking 0.6% higher at noon, buoyed by a strong performance from the Healthcare sector which is up around 1.9 per cent, and some positive retail turnover figures. Medical cannabis supplier, Cann Group (ASX:CAN) has been awarded a grant for up to $1.975 million under the Regional Jobs Fund established by the Victorian Government.
03 Jul 2020 - Australian shares are set to rise at the open following gains on Wall Street overnight. Better than expected US job data bolstered equities. The US economy added 4.8 million jobs in June, pushing the unemployment rate to 11.1 per cent, down from 13.3 per cent in May. Gold has advanced and the Australian dollar is edging higher. The board of Lovisa Holdings (ASX:LOV) has decided to exit the Spanish market.
02 Jul 2020 - The Australian share market rose at the open and continued to rally, closing 1.7 per cent up at the end of trade. In breaking news, Woolworths (ASX:WOW) has placed 50 employees from a Sydney supermarket into quarantine after a worker tested positive for Covid-19.
02 Jun 2020 - The Australian share market opened higher again this morning and is now trading 0.9 per cent higher at noon. Ioneer (ASX:INR) has entered into a 12 month employment agreement with their Chairman James Calaway.
02 Jul 2020 - Following a mixed session from US markets overnight, the ASX looks set to open higher this morning. Asian stocks saw modest gains after positive vaccine developments for coronavirus and better-than-expected manufacturing data. Hong Kong police made their first arrests since China's national security law came into force giving Beijing greater control over the country. Gold is down and oil rose slightly. Kathmandu Holdings (ASX:KMD) provided a trading update this morning showing total Group sales for the 10 months were 15.1% down.
01 Jul 2020 - It has been a positive day of trade for the ASX in the first session of the new year, lifted by banks and gold miners to close 0.6% higher. As for the sectors today Real Estate Investment Trust led the day and utilities closed the day at the bottom of the pile. Rio Tinto (ASX:RIO) has added a new role to its executive committee as it considers the next phase of its transformation.
01 Jul 2020 - The ASX is now tracking 0.8% higher at noon. Shares in Jumbo Interactive (ASX:JIN) are rising after their extension with TabCorp earlier this week. Meanwhile shares in WiseTech Global continue to fall as the founder sells off $46 million worth of shares. Online furniture retailer Temple & Webster (ASX:TPW) is set to raise $40 million.
01 Jul 2020 - The ASX looks set to start the new financial year by opening lower. For the year to date, the S&P/ASX 200 Index is still down 10.7%, that's its worst 12 months since the global financial crisis. In the US, Fed Reserve chairman Jerome Powell reiterated overnight that the future of the economy is “highly uncertainâ€. The Dow Jones meanwhile just wrapped up its best quarter since 1987. AMP (ASX:AMP) has today completed the sale of its life insurance business, AMP Life, to Resolution Life for $3 billion.
30 Jun 2020 - It has been a positive day of trade for the ASX for the end of financial year. The local bourse managed to close 1.4% higher. Shares in Collins Foods (ASX:CKF) are on the up after releasing their year results showing revenue is up 8.9 per cent to $981.7m. Jumbo Interactive (ASX:JIN) shares also dipped today despite extending its partnership with Tabcorp yesterday for an extra ten years.
30 Jun 2020 - The ASX shot up at the open and is now tracking almost 0.2% higher at noon. Shares in Collins Foods (ASX:CKF) are on the up after releasing their year results showing revenue is up 8.9% to $981.7 million. Shares in Wisetech Global (ASX:WTC) dropped after Founder and CEO, Richard White, sold 2.4 million shares. Infigen (ASX:IFN) Board unanimously recommends investors accept the Takeover Offer from Iberdrola.
30 Jun 2020 - Following a claw back from US markets overnight, the ASX looks set to open higher this morning. The future of the AAP newswire has been assured sold to new owners saving the newswire company. Meanwhile, iconic Australian bikini brand Seafolly has gone into administration. Infratil (ASX:IFT) is pleased to announce the completion of its NZ$50 million SPP to existing eligible shareholders.
29 Jun 2020 - The Australian share closed 1.5 per cent down at the end of trade, with all sectors in the red. Regional Express Group's (ASX:REX) board has approved plans for domestic operations and the airline will launch an initiative to raise a minimum of $30 Million.
29 Jun 2020 - The Australian share market opened lower for the week's first day of trade and is now trading 1.2 per cent lower at noon. Servcorp (ASX:SRV) will close of 12 offices in the United States of America (USA) due to restructuring.
29 Jun 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The coronavirus global death count is closing in on half a million. Back home Victoria's outbreak of 90 coronavirus cases over the weekend is set to see tougher lockdowns across suburbs in Melbourne and set back national progress towards opening the economy. European Union countries failed to settle on Friday on a final “safe list†of countries whose residents could travel to the bloc from July, with the United States, Brazil and Russia set to be excluded.
26 Jun 2020 - The Australian share market rallied in the back half of the session to close 1.5 per cent higher. All of the sectors except Healthcare made ground today, with investors choosing to pick up bank stocks ahead of the weekend. Mincor Resources (ASX:MCR) has successfully completed its $50 million fully underwritten institutional placement.
26 Jun 2020 - The Australian share market opened slightly lower defying positive leads from international markets. It has however managed to gain ground early in the session and is tracking 1.1 per cent higher at midday. All of the sectors except Healthcare have advanced this morning. The Australian Competition and Consumer Commission is seeking special leave to appeal to the High Court disputing the decision of the Full Federal Court that Pacific National's acquisition of the Acacia Ridge terminal from Aurizon (ASX:AZJ) would not be likely to substantially lessen competition.
26 Jun 2020 - Following positive leads from US markets, the Australian share market looks set to open higher. The national cabinet is meeting today and will discuss strategies for containing localised outbreaks, a timetable for reopening Australia's arts and entertainment venues, and the return of international students. S&P Dow Jones Indices announced that TPG Telecom (ASX:TPM) will spin-off 1 share of Tuas (ASX:TUA) for every 2 TPG Telecom shares held.
25 Jun 2020 - The Australian share market was lower at the open and continued to slide closing 2.5 per cent down at the end of trade. The number of job vacancies in Australia decreased by 43 per cent over the May 2020 quarter.
25 Jun 2020 - The Australian share market opened lower this morning and is now trading 2.02 per cent down at noon. In breaking news, Qantas (ASX:QAN) has cut approximately 6000 jobs.
25 Jun 2020 - The ASX looks set to open lower this morning following a slump on Wall Street as a new surge of coronavirus cases develop in the US. California, Florida report record cases as NY orders quarantine for some travellers. Asia stocks have also dropped as virus worries grow. The Australian dollar was down 0.8%. Infigen (ASX:IFN) yesterday received a copy of a bidder's statement from Iberdrola Renewables Australia Pty in relation to its off-market takeover bid.
24 Jun 2020 - It has been a rollercoaster of a day for the ASX, the local bourse managed to close 0.2% higher. Shares in Perseus Mining (ASX:PRU) did well today after they released their sustainability report from 2019. The best performing sector was Utilities while the worst performing sector was Industrials. Cromwell Property Group (ASX:CMW) has told shareholders take no action in relation to a proportional takeover offer from ARA Asset Management.
