Finance News
14 Oct 2019 - The Aussie share market managed to carve out gains for its third consecutive session finishing 0.5% higher. The majority of sectors closed in the green with Energy outperforming the market. The eagerly-anticipated Home Consortium (ASX:HMC) listed today.
14 Oct 2019 - The Australian share market opened higher this morning following strong economic headwinds from the US and Europe, including winds of change in the US-China trade war as they strike a partial deal. Energy is leading the charge, rallying 2.8% on news that Santos (ASX:STO) is set to acquire ConocoPhillips' assets for approximately US$1.39 billion.
14 Oct 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. A partial trade deal was secured between China and the US bringing optimism to the markets. London-listed equities exposed to the domestic economy performed strongly after the British Prime Minister and his Irish counterpart said they had found “a pathway†to a possible Brexit deal. And Neuren Pharmaceuticals (ASX:NEU) announced that the US FDA has granted Orphan Drug Designation for one of their drugs.
11 Oct 2019 - The Australian share market jumped in the first 10 minutes of trade and tracked sideways for most of the day to finish 0.9% higher at the close. Sky Network Television (ASX:SKT) has responded to media speculation denying that it has secured the SANZAAR rugby rights from 2021.
11 Oct 2019 - The S&P/ASX200 is 0.8 per cent higher at noon with all of the sectors except REITs advancing. The first female director of the Brisbane Broncos (ASX:BBL) has resigned signalling a return to an all-male board.
11 Oct 2019 - The S&P/ASX200 is poised to open higher on optimism overnight that there may be a positive end in sight for the US-China trade talks and Brexit negotiations. This comes as the US-China trade talks enter a new round of negotiations in Washington. Spectrum Metals (ASX:SPX) has refuted claims that its subsidiary, Zebra Minerals, was served with proceedings in the Supreme Court of Western Australia.
10 Oct 2019 - It was a volatile day on the ASX - and this could be set to continue as the China-US trade talks pull into focus again. After a rollercoaster day the market closed 0.01% higher. A handful of companies hit a year low today. And major board movements for Seven West Media (ASX:SWM).
10 Oct 2019 - The ASX dropped at the open only to rise in the first hour of trade and is now tracking 0.2% lower at noon. Shares in Orora (ASX:ORA) shot up today after it released the news that it is selling its Australasian Fibre Business to Nippon Paper Industries Co. for an enterprise value of $1.7b. SeaLink Travel Group (ASX:SLK) reports that Transit Systems Group has been successfully awarded new contracts for some WA bus services.
10 Oct 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. In the US the Federal Reserve released the minutes from its September meeting. In other news, Turkey has begun a military offensive into Syria just days after President Donald Trump said the US wouldn't stand in the way. The Afterpay Touch Group (ASX:APT) reported yesterday that former US treasury secretary Lawrence Summers will join its advisory board.
09 Oct 2019 - It has been a disappointing day of trade for the ASX, closing 0.7% lower. Shares in biopharmaceutical company Clinuvel (ASX:CUV) did well today – they are at an all time high. Flight Centre (ASX:FLT) shares declined though as did News Corp (ASX:NWS). As for the sectors, the best performing sector was Communication Services while the worst performing sector was Consumer Discretionary.
09 Oct 2019 - The ASX opened lower following soft leads from Wall Street and is now tracking 0.8% lower at noon. Cleanaway Waste Management (ASX:CWY) shares shot up after becoming the successful bidder for the acquisition of the assets of the SKM Recycling Group. Flight Centre Travel Group (ASX:FLT) saw their shares drop almost 10% this morning after they released their likely outcomes for financial year 2020 patterns.
09 Oct 2019 - Following negative leads from US markets, the ASX looks set to open lower this morning. Wall Street took a negative turn yesterday as investor optimism around the US-China trade talks took a dip. And one of the directors of the Afterpay Touch Group (ASX:APT) David Hancock has resigned.
08 Oct 2019 - It has been a positive day of trade for the ASX with gains across the board - after a rise at the open the local bourse managed to track sideways to close 0.5% higher. Mayne Pharma (ASX:MYX) shares did well today as they recently made moves into the US market. MOD Resources (ASX:MOD) see orders approving the scheme of arrangement by which Sandfire Resources NL (ASX:SFR) will acquire all of their issued shares.
08 Oct 2019 - The ASX shot up at the open despite poor leads from Wall Street. The market is now tracking 0.6% higher at noon. Shares in Clinuvel Pharmaceuticals (ASX:CUV) rose today after they reported yesterday that its CEO will stay for three more years. The Jumbo Interactive (ASX:JIN) share price has taken a dip today after almost quadrupling over the year. OceanaGold Corporation (ASX:OGC) granted approval for land near the Waihi Gold Mine.
08 Oct 2019 - The local sharemarket is poised to open higher, despite stocks closing lower on Wall Street on Monday. New Zealand retirement village operator, Summerset (ASX:SNZ) has announced 165 sales for the quarter ending 30 September 2019, 77 of these were new sales while 88 were resales.
07 Oct 2019 - Aussie investors are collectively breathing a sigh of relief today as the S&P/ASX200 closes 0.7% higher, every sector managing to snap some gains. Exploration and mining company, Mineral Commodities (ASX:MRC) has announced the successful completion of the acquisition of Skaland Graphite.
07 Oct 2019 - The Australian share market opened slightly higher this morning following positive leads from US markets on Friday and is tracking 0.3% higher at noon. MedAdvisor (ASX:MDR) has raised $17 million at an issue price of 5 cents.
07 Oct 2019 - Following positive leads from US markets on Friday , the ASX looks set to open higher this morning. A rally in tech stocks led by Apple helped lift Wall St. US unemployment rate dropped which could potentially help American steer clear of a recession for now. DWS (ASX:DWS) completes the acquisition of certain assets of the software services and products business operated by Object Consulting.
04 Oct 2019 - Despite a strong session today, over the week the market has lost 199 points or 3.1%. Plus sized retailer, City Chic Collective (ASX:CCX) has purchased the e-commerce assets of US bankrupt company, Avenue Stores.
04 Oct 2019 - The S&P/ASX200 opened with a bang. Momentum faded into the middle of the session and it is tracking 0.1 per cent higher at noon. Shares in the Commonwealth Bank of Australia (ASX:CBA) have taken a dip this morning following news that the Director of Public Prosecutions has served criminal proceedings on its subsidiary, Colonial Mutual Life Assurance Society.
04 Oct 2019 - The ASX is set to open 0.5% higher and unwind some of yesterday's losses. The expected rally follows speculation that the US Federal Bank may effect a third rate cut for the year at its October policy meeting. Alan Dixon has resigned from wealth management company, Evans Dixon (ASX:ED1) overnight.
03 Oct 2019 - It has been a disappointing day of trade for the ASX. After opening in the black the local bourse failed to gain momentum to close 2.2% lower. Ooh!Media (ASX:OML) dropped today as did Nearmap (ASX:NEA). As for the sectors, Utilities lost the least and Telcos came in bottom of the pile. And Probiotec (ASX:PBP) has today completed the sale of the Celebrity Slim brand.
03 Oct 2019 - The ASX dropped at the open and is now 2.1% lower at noon. The four big banks all dropped. Agribusiness Webster (ASX:WBA) shares shot up today after news they have been approached by a Canadian pension fund with a takeover bid worth $854 million. And Agrimin (ASX:AMN) has awarded Kerman Contracting the engineering design contract for the Wyndham Port Facility.
03 Oct 2019 - Following negative leads from US markets, the ASX looks set to open lower this morning. The Dow plunged more than 450 points as Wall Street continues its rough start to the fourth quarter. Treasuries climbed. Engineering company SRG Global (ASX:SRG) says Enzo Gullotti has resigned as Executive Director from the company.
02 Oct 2019 - It has been a disappointing day of trade for the ASX. After opening in the red the local bourse continued to lose momentum to close 1.5% lower. It was good news for Mayne Pharma (ASX:MYX) though as their shares shot up today after entering into an agreement with Mithra Pharmaceuticals to commercialise a combined oral contraceptive in the US. Blue Sky Alternatives Access Fund (ASX:BAF) has settled a deal to sell its interests in the Atira student accommodation portfolio.
02 Oct 2019 - The ASX opened lower following soft leads from Wall Street and is now tracking 1.3% lower at noon. The markets dropped on poor manufacturing results from the US and weak manufacturing data from Europe. ResApp Health (ASX:RAP) reports that ResAppDx-EU, the world's first smartphone-based diagnostic test for acute paediatric respiratory disease, has received Australian Therapeutics Goods Administration (TGA) approval.
02 Oct 2019 - Following negative leads from US markets, the ASX looks set to open lower this morning. In the US, banks led the decline as rates moved lower, followed by industrial companies. All three benchmarks were lower. Sundance Energy Australia (ASX:SEA) reports that yesterday the Federal Court of Australia approved orders to convene a meeting for the proposed redomiciliation from Australia to the United States via a Scheme of Arrangement.
01 Oct 2019 - It has been a positive day of trade for the ASX. After a small dip in early morning trade the local bourse managed to gain momentum to gain 0.8%. The market rose after the RBA announcement to cut rates. The major banks also moved back into the green. Ausdrill (ASX:ASL) report that on a proforma basis the Group achieved growth in revenue of 14.2% to $1.97b in the Chairman's address.
01 Oct 2019 - The ASX opened higher following positive leads from Wall Street and is now tracking 0.2% higher at noon. Nufarm (ASX:NUF) shares are on the rise in the first two hours of trade. The market is expecting the cash rate to be cut by 25 basis points to 0.75%. The Industrials sector is leading the way and the Energy sector trailing behind. And Harvey Norman Holdings (ASX:HVN) and certain of its controlled entities have completed the agreements for the sale of The Byron, Byron Bay Resort.
01 Oct 2019 - The local sharemarket is poised to edge higher this morning followed by a solid session in the US on Monday. RBA rate decision ahead. Coles (ASX:COL) strengthens its partnership with online marketplace eBay.
30 Sep 2019 - It's been a bearish afternoon on the Australian share market. The S&P/ASX 200 index closed 0.4% lower. UBS has downgraded Alumina (ASX:AWC) from a neutral to a sell, with a 12-month price target of $2.10.
30 Sep 2019 - The S&P/ASX200 opened higher defying negative leads from US markets and is now tracking 0.2% higher at noon. Service Stream (ASX:SSM) has penned a wireless design and construction agreement with Optus.
30 Sep 2019 - Australian shares are set to open lower following ongoing trade tensions between the US and China. IOOF (ASX:IFL) subsidiary AET has been found liable for breaching its duties as a trustee.
27 Sep 2019 - S&P/ASX200 closes 0.6% higher. Communications, Energy and Utilities buoyed the market. Every sector managed to cap some gains today. Oilex (ASX:OEX) has penned a binding term sheet with Senex Energy (ASX:SXY) to buy 27 Petroleum Retention Licences.
