Finance News
24 Apr 2018 - Market Wrap:The ASX200 closed above the 5,900 level for the first time in a month, closing back where we were around 1 November last year. Inflation data misses expectations in Mar Quarter and YOY. Resolute Mining (ASX:RSG) announced its amended guidance of 280 thousand ounces at AISC $1,360 per ounce. As for the March quarter, gold production grew to 67 thousand ounce, slightly better than December quarter while its AISC fell. Tawana Resources (ASX:TAW) and JV project partner, Alliance Mineral Assets (SGX:40F) announced lithium concentrate haulage has commenced from the Bald Hill lithium. Click for more news.
24 Apr 2018 - The Australian share market open has broken above 5,900 for the first time in a month with the ASX200 rising for the second day this week. The market has really shaken off two days of negative leads from Wall Street. Medicinal cannabis company, AusCann (ASX:AC8) and its majority shareholder, Canopy Growth Corporation are ramping up to become the leading providers of medical cannabis products in Australia.
24 Apr 2018 - Australian shares are set to open higher despite a choppy session on Wall Street. Stocks fell on Monday as tech shares tumbled, while investors were also concerned over higher interest rates. Santos (ASX:STO) has inked a deal with joint venture partners to start engineering and design work on a multi-billion dollar gas project at the Barossa field to supply Darwin LNG.
23 Apr 2018 - Market Wrap: ASX shows resilience to US stocks and makes Monday gains, shaking off negative leads. Newcrest Mining (ASX:NCM) gained 2.8% after full production looks set to resume after Cadia Hill open pit was approved for tailings disposal. Myer (ASX:MYR) has announced John King as its new CEO and managing director. ANZ (ASX:ANZ) is expecting $50 million in legal and other costs relating to the Royal Commission for the year ending 30 September. Watch for the full report, covering the latest company news, value of trades, Asian markets.
23 Apr 2018 - Market at Midday: Less than half of the sectors are making gains with miners leading after the iron ore price is trading over US$67, with the iron ore futures pointing up over 2 per cent. ANZ (ASX:ANZ) is expecting $50 million in legal and other costs relating to the Royal Commission, for the year ending 30 September 2018. It's also advised of other costs and write downs to watch out for in its upcoming results. Asaleo Care (ASX:AHY) advised its full year EBITDA guidance should sit in the range of $113 million to $119 million, plus it also advised at its AGM it's planning to retain the current 10 cents dividend in 2018. Click for more.
23 Apr 2018 - Australian shares are set to open lower today as US share markets fell on Friday, tech stocks and consumer staples were the worst performing sectors. Australian biotech company Viralytics (ASX:VLA) has advised that the Federal Court has ordered a meeting of the shareholders on May 28th.
20 Apr 2018 - Market Wrap: The ASX had its first day of red after five days of straight gains, closing 0.2 per cent lower today but gaining 1.4 per cent over the week. Outdoor APN Outdoor (ASX:APO) noted its busy upcoming schedule which includes partnering with the Invictus Games to be held in Sydney in late October this year.
20 Apr 2018 - Market at Midday. ASX falls at the open on the back of negative leads but claws back at noon. Half of the sectors are making gains today, with financials, energy and staples boding well. Meantime, commodities continued their rally but miners are seeing slight profit taking. Fonterra Co-Operative Group (ASX:FSF) has issued about NZ$9.4 million of shares for its 2018 interim dividend re-investment plan. Slater and Gordon (ASX:SGH) appoints Michael Neilson as company secretary. Adairs (ASX:ADH) shares gain 16 per cent after further FY18 earnings upgrade.
20 Apr 2018 - We are set to see Australian stocks open lower this morning as earnings misses knocked Wall Street. After soaring the previous session, and pressing higher in early London trade, base metals ended lower amid speculation Russia could nationalise aluminium producer Rusal to help it survive the impact of US sanctions. At home, REA Group (ASX:REA) announced that realestate.com.au has made the final payment of $104.5 million to take over iProperty Group.
19 Apr 2018 - Market Wrap Report. The ASX inked its fifth straight day of gains today with miners leading half of the sectors higher. It comes as commodity prices saw a strong rally with iron ore price up 2 per cent at US$65.88 per tonne, while the alumina and nickel prices rose. Woodside Petroleum (ASX:WPL) Chairman Michael Chaney used the AGM to handover his role to Richard Goyder, also noting Australia is, “‘out of kilter' with the rest of the world with its corporate taxes. REA Group's (ASX:REA) realestate.com.au completed the purchase of iProperty after it completed the final payment of $104.5 million. Click for more.
19 Apr 2018 - ASX on track for fifth day of straight gains with the mining sector leading over half of the sectors higher as commodity prices rally. Workforce participation rate hits all-time high. Alumina (ASX:AWC) reported its JV with the NYSE listed Alcoa has seen a lift in its bauxite and alumina business earnings. Murray Goulburn (ASX:MGC) CEO Ari Mervis and Chief Financial Officer David Mallinson will leave the group on 1 May 2018, once the proposed sale of all of its operating assets and liabilities to Saputo has been completed. Adelaide Brighton (ASX:ABC) inked a contract with BHP (ASX:BHP) to continue to supply cement and lime to its Olympic Dam Mine. Click for more.
19 Apr 2018 - Australian shares are in a position for a higher open today thanks to surging prices for nickel and aluminium lifting miners in London and New York. IBM dragged the Dow down. US stocks edged higher as rising oil prices boosted energy producers. In New York, BHP Billiton (ASX:BHP) gained 3.1 per cent and Rio Tinto (ASX:Rio) was 3.9 per cent higher. FIRB gives Saputo-MG (ASX:MGC) deal go ahead.
18 Apr 2018 - Market Wrap Report. ASX200 gains for 4th straight day with Rio (ASX:RIO) and Woodside (ASX:WPL) reporting. Over half of the sectors made green tracks today with consumer discretionary overtaking energy as the leader. It comes as the likes of Harvey Norman (ASX:HVN) gained 2.7 per cent after a broker upgrade. While Whitehaven Coal (ASX:WHC) oiled up 3.6 per cent after a lift in crude oil price. AMP (ASX:AMP) lost 2.2 per cent coming under fire again amid the banking royal commission. Vicinity Centres (ASX:VCX) exchanged contracts to sell Brandon Park in Victoria for $135 million and Fletcher Building (ASX:FBU) has raised NZ$500 million from institutional shareholders. Click for full report.
18 Apr 2018 - Market at Midday Report. Travelers from China hit record high. Woodside Petroleum (ASX:WPL) has seen its revenue rise 18 per cent quarter on quarter to $1.2 billion. Credit Corp (ASX:CCP) which acquires past due debts from major banks, finance companies, telcos etc, is seeing big bounce in its shares today. It comes as it announced its US earnings are on track and its expecting its US net profit after tax to be in positive territory in FY18. Jupiter Mines (ASX:JMS) started trading today, floating with an issue price of 40 cents, opening at 39 cents and it trades at 37.5 cents. Click for more.
18 Apr 2018 - Australian shares are set to rise today as technology stocks – including Atlassian, rallied on Wall St. Alphabet and Amazon.com rose more than 3 percent yesterday after Netflix kicked off earnings season for megacap technology companies with a 10 per cent gain. Iron ore is up and oil edged higher. Bitcoin saw a sudden drop yesterday after seven straight days of gains for Crypto. Locally, Isentia Group (ASX:ISD) has been made a party to proceedings in the Copyright Tribunal by Meltwater Australia against the Copyright Agency.
17 Apr 2018 - The Australian share market closed flat today. At the closing bell the S&P/ASX 200 index closed 0.2 points higher to finish at 5,842. For the sectors Telcos were the best performers with Telstra leading the pack - Utilities were the worst. AMP found to have made false statements at the ASIC hearing.
17 Apr 2018 - The Australian Share Market opened in positive territory, with the ASX 200 rising for the third day straight thanks to political tensions simmering. Stocks rallied on Wall Street after the US led missile strike in Syria at the weekend. As for the sectors Telcos were the best performers with Telstra leading the pack - Utlities were the worst. Medical technology company Impedimed (ASX:IPD) has FDA approval for their scan technology SOZO.
17 Apr 2018 - The Australian share market is set to open flat today, US stocks rose yesterday as fears of an escalating conflict in Syria eased. Meantime, investors looked to earnings announcements with some of the biggest U.S. companies reporting strong quarterly results. Crown Resorts (ASX:CWN) has announced the appointment of Guy Jalland as a director after getting the green light from regulators.
16 Apr 2018 - Market Wrap Report: ASX ends higher on Monday. Big four banks end mixed amid royal commission with CBA (ASX:CBA) falling. Commodities rally. Air New Zealand (ASX:AIZ) says it's working closely with engine manufacturer Rolls-Royce on a global issue with some of the engines that power its Boeing 787-9 Dreamliner fleet. Click for more news.
16 Apr 2018 - Market at Midday: ASX defies odds and kicks week off higher with commodities rallying. The a2 Milk Company (ASX:A2M) has expanded its Asian foot print and entered the South Korean market. Wealth management platform, OneVue Holdings (ASX:OVH) completed the purchase of KPMG's superannuation member admin business for $6.5 million, which will make it the fourth largest superannuation member administrator in the market. Tao Commodities (ASX:TAO) started trading today. The company identifies, develops, and acquires mineral exploration projects. It floated with an issue price of 20 cents and trades at 24.5 cents. Click for full report.
16 Apr 2018 - The Australian share market is set to open slightly lower today. Wall Street closed marginally down on Friday. Missile strikes against Syria and potential sanctions against Russia dented investor confidence. Investment house Washington H. Soul Pattison (ASX:SOL) has announced the appointment of Mr. David Grbin as Chief Financial Officer.
13 Apr 2018 - Market Wrap Report. ASX higher on Friday and higher for the week. Seven West Media (ASX:SWM) shares soared on the back of strengthening its sports free-to-air rights. Fletcher Building (ASX:FBU) gained 8.5 per cent after it confirmed Wesfarmers (ASX:WES) has been accumulating shares in its company. CBA (ASX:CBA) entered into an enforceable undertaking with the corporate watchdog, ASIC, for an advice fee refund program. Oil Search (ASX:OSH) announced ExxonMobil resumed production of liquefied natural gas in Papua New Guinea after a temporary shutdown following severe earthquake. Netwealth (ASX:NWL) saw a lift in its funds under administration in the quarter, taking it to $16 billion. Watch for full report.
13 April 2018 - Market at Midday. Most sectors trade higher. CBA (ASX:CBA) has entered into an enforceable undertaking with corporate watchdog, ASIC, for an advice fee refund program. Netwealth (ASX:NWL) saw a soft lift of 4 per cent in its funds under administration in the quarter, taking it to $16 billion, with its platform now the most widely used managed account platform in financial planning. In regards to the Australian international cricket matches cricket rights, Seven West Media (ASX:SWM) says it is the most successful bidder with Foxtel. Watch for more news.
13 Apr 2018 - Australian shares appear set to open higher as shares in Europe and the US advanced as war rhetoric eased. US sharemarkets rebounded yesterday after US President Donald Trump cast doubt over the timing of a threatened strike on Syria. The Reserve Bank of Australia's Financial Stability Review is released later today. Dow up. Oil prices continue to rise. Leading Apple Premium reseller Story-i (ASX:SRY) set to buy more Indonesian stores.
12 Apr 2018 - The Australian share market inked its second day of losses on the back of geopolitical tension. From the get-go sentiment was subdued as Wall Street closed in the red when US President Donald Trump warned Russia to 'get ready' for a possible US missile strike on Syria. Industrials, property and staples saw the most loses, leading over half of the sectors lower. While we did see pockets of green on the back of resources rallying. Infigen Energy (ASX:IFN) shone the brightest, up over 9 per cent, Beach energy (ASX:BPT) added 1.8 per cent really on the back of oil surging to a three year high.
12 Apr 2018 - Market at Midday: Toll road operator, Transurban (ASX:TCL) has priced 200 million Swiss Franc's in notes, with the funds ear marked to repay its recently established bank bridging facility for Transurban Queensland. Billboard company, oOh!media (ASX:OML) has confirmed it did submit a non-binding indicative offer to buy HT&E's (ASX:HT1) out of home division, Adshel. oOh!media says HT&E has declined in engaging about the offer. Huon Aquaculture (ASX:HUO) shares trade 2.7 per cent higher as it presents to Credit Suisse, noting global supply is expected to weaken in 2018, with wild captures will continue to fall until 2050, but aquaculture will continue to grow to 220 million tones. Click for more.
12 April 2018 - The Australian share market looks set to open slightly lower again today, continuing to take into account the geopolitical worries with Syrian tensions rising from the US. Mark Zuckerberg faces Congress. Oil and Gold rebound. Transurban Group (ASX:TCL) has announced that Transurban Queensland has lodged a third supplemental Offering Circular with the Singapore exchange.
11 Apr 2018 - Market Wrap: The ASX closed lower for the first time this week reversing after two days of straight gains. Telcos, utilities and staples dragged. ANZ (ASX:ANZ) has advised its deputy CEO Graham Hodges will leave the company, retiring after 27 years with the bank. AfterPay Touch (ASX:APT) says its sales for the first three quarters of FY18 are up 400 per cent when compared with the same period last year. Plus more ASX listed news.
11 Apr 2018 - Market at Midday: ASX reverses on Wednesday with utilities leading the drag. AWE (ASX:AWE) advised that Japanese company, Mitsui and Co now owns 76.8 per cent of all of the oil and gas company's shares. Windlab (ASX:WND) inked a connection agreement for its Queensland 100 megawatt Lakeland wind farm, with Ergon Energy.
11 Apr 2018 - The Australian share market is set to open slightly higher today, Wall Street closed in the green on Tuesday after a speech from the Chinese President. President Xi Jinping alleviated trade war concerns calling for the multilateral trade system to be upheld. Manufacturer of household chemicals, Pental (ASX:PTL) has been ordered to pay $810,000 by the Federal Court.
10 Apr 2018 - Market Wrap Report: ASX closed higher for the 2nd day with mining stocks rebounded after the iron ore price lifted, while lithium stocks shone. NAB business confidence fell more than expected to a reading of 7. Pilbara Minerals (ASX:PLS) set for first lithium revenues from Pilgangoora lithium-tantalum Direct Shipping Ore, with Atlas Iron (ASX:AGO) providing US$3 million to help fund establishment costs. Click for full days news.
10 Apr 2018 - Market at Midday: ASX seeing second day of straight gains. Orocobre (ASX:ORE) says brine drilling in the Jujuy Provence of Argentina confirms positive porosity and permeability. South32 (ASX:S32) shares trading at two-month high with S32 in the midst of a US$441 million buy back. Clean Seas Seafood (ASX:CSS) awarded a $2.5 million regional jobs and investment grant and also appointed a GM of Aquaculture, Dan Fisk, plus Godfreys (ASX:GFY) tells shareholders not to action takeover proposal from Arcade. Click for details and more news.
10 Apr 2018 - The Australian share market is set to open slightly lower today, US shares rose on Monday but the major indices fell back in late trade. Vacuum cleaner merchant Godfreys (ASX:GFY) has received a take-over bid from the company's co-founder John Johnstone.
09 Mar 2018 - Construction activity grew slightly in March, for the 14th straight consecutive month, rising to a reading of 57.2 up from 56, also smashing through expectations. Tawana Resources (ASX:TAW) raised $20 million by issuing new shares at $0.41 per share, to advance its Bald Hill lithium and tantalum mine in WA. Blue Sky Alternative Investments (ASX:BLA) advised shareholders it had been attacked by a foreign activist short seller over the last 10 days but it's in good shape with an exceptionally strong balance sheet. Click for more news and full report.