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Unemployment rate steady at 5.2%: ASX closed 0.3% higher

Unemployment rate steady at 5.2%: ASX closed 0.3% higher

20 Feb 2020 - The ASX rose at the open, held momentum closing 0.3% higher. Shares in Wisetech Global (ASX:WTC) continue to fall after yesterday’s downgrade regarding the coronavirus. SmartGroup ASX:SIQ) shares are on the rise after they reported N...
Finance News Network
4mins
Santos (ASX:STO) full-year underlying profit down 1%

Santos (ASX:STO) full-year underlying profit down 1%

20 Feb 2020 - Santos (ASX:STO) has delivered full-year underlying profit of $US719 billion ($1.08 billion), which was 1 per cent down on 2018 when it stood at $727 billion.
Finance News Network
1min
Sydney Airport (ASX:SYD) report EBITDA up 4%

Sydney Airport (ASX:SYD) report EBITDA up 4%

20 Feb 2020 - Sydney Airport (ASX:SYD) reported earnings before interest tax depreciation and amortisation (EBITDA) of $1.336 billion, up 4 per cent on the prior corresponding period (pcp).
Finance News Network
1min
BINGO Industries (ASX:BIN) net revenue was up 50.7%

BINGO Industries (ASX:BIN) net revenue was up 50.7%

20 Feb 2020 - BINGO Industries (ASX:BIN) today announced its half year results for the six months ended 31 December 2019 showing net revenue was up 50.7 per cent to $271.2 million.
Finance News Network
1min
Coca-Cola Amatil (ASX:CCL) see NPAT rise 1.4%

Coca-Cola Amatil (ASX:CCL) see NPAT rise 1.4%

20 Feb 2020 - Coca-Cola Amatil (ASX:CCL) today reported its full year results for 2019, showing ongoing net profit after tax (NPAT) increased to $393.9 million up by 1.4 per cent.
Finance News Network
1min
Global markets boosted by China stimulus hopes: ASX set to open higher

Global markets boosted by China stimulus hopes: ASX set to open higher

20 Feb 2020 - The ASX is set to open higher this morning. China’s moves to boost the economy bolstered Wall Street and Europe. Markets were buoyed by the prospect of further stimulus from the People's Bank of China. Lendlease (ASX:LLC) profit afte...
Finance News Network
3mins
Smartgroup (ASX:SIQ) declare a fully franked dividend 21.5 cents

Smartgroup (ASX:SIQ) declare a fully franked dividend 21.5 cents

20 Feb 2020 - The Smartgroup (ASX:SIQ) today reported its financial results for the full year ended 31 December 2019 and declared fully franked final dividend of 21.5 cents.
Finance News Network
1min
EBOS (ASX:EBO) see significant increase in H1 earnings

EBOS (ASX:EBO) see significant increase in H1 earnings

20 Feb 2020 - EBOS (ASX:EBO) today announced strong growth in revenue and earnings for the first half of FY 2020 showing statutory NPAT at $81.7 million up 21.8 per cent on the prior corresponding period.
Finance News Network
1min
Wage price index rises in the December quarter: ASX flat at noon

Wage price index rises in the December quarter: ASX flat at noon

19 Feb 2020 - The ASX dipped at the open and despite a slight rise around mid-morning trade, is now tracking fairly flat at 0.1% lower at noon. Domino’s (ASX:DMP) shares shot up today on the release of their half year results. Wisetech Global (ASX...
Finance News Network
3mins
Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus

Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus

19 Feb 2020 - Wistech Global (ASX:WTC) has reported net profit (NPATA) of $33.5 milion for 1HFY20 a rise of 22 per cent on the same time last year.
Finance News Network
1min
Stockland (ASX:SGP) maintains FFO guidance

Stockland (ASX:SGP) maintains FFO guidance

19 Feb 2020 - Stockland (ASX:SGP) has announced statutory profit rose 68.1 per cent to $504 million for the first half of 2020 when compared to the year earlier period. The rise comes on the back of $199 million of positive net revaluations.
Finance News Network
1min
Fortescue (ASX:FMG) delivers record first half revenue

Fortescue (ASX:FMG) delivers record first half revenue

19 Feb 2020 - Fortescue (ASX:FMG) has reported record first half revenue of US$6.5 billion for the first half of 2020.
Finance News Network
1min
Crown (ASX:CWN) results hit by downturn in VIP players and coronavirus

Crown (ASX:CWN) results hit by downturn in VIP players and coronavirus

19 Feb 2020 - Crown Resorts (ASX:CWN) has reported its normalised net profit has dipped 11 per cent to $172.7 million for the first half of 2020 when compared to the same time last year.
Finance News Network
1min
Apple sales warning weighs on Wall Street: Aus shares set for flat start

Apple sales warning weighs on Wall Street: Aus shares set for flat start

19 Feb 2020 - The local sharemarket is set for a flat start in early trading following a mixed session on Wall Street yesterday. Lottery company Tabcorp (ASX:TAH) has announced group revenue rose 4.4 per cent for the first half of 2020 and earning...
Finance News Network
3mins
BluGlass (ASX:BLG) discusses laser diodes and business opportunities

BluGlass (ASX:BLG) discusses laser diodes and business opportunities

19 Feb 2020 - BluGlass (ASX:BLG) Managing Director, Giles Bourne talks about the opportunities that laser diodes represent for the company, following the Photonics West Conference.
Finance News Network
5mins
Wesfarmers (ASX:WES) to sell 4.9% of Coles Group

Wesfarmers (ASX:WES) to sell 4.9% of Coles Group

19 Feb 2020 - Wesfarmers (ASX:WES) will sell 4.9 per cent of its stake in the Coles Group.
Finance News Network
1min
Seven Group Holdings (ASX:SVW) 1HFY20 profit, earnings and revenue higher

Seven Group Holdings (ASX:SVW) 1HFY20 profit, earnings and revenue higher

19 Feb 2020 - Diversified investment group, Seven Group holdings (ASX:SVW) has reported underlying net profit (after tax attributable to shareholders) of 254.7 million for the first half of the 2020 financial year, an increase of 3.2 per cent on t...
Finance News Network
1min
Apple Experiences Production Delay

Apple Experiences Production Delay

Apple said it does not expect to meet its second-quarter forecast for revenue.
Stringr
1min
Coles (ASX:COL) put aside $20m for underpaid salaries: ASX closed 0.2% lower

Coles (ASX:COL) put aside $20m for underpaid salaries: ASX closed 0.2% lower

18 Feb 2020 - The ASX closed 0.2% lower today failing to gain momentum after dropping at the open. Shares in the Monadelphous Group (ASX:MND) rose today after they released their results showing a revenue rise. Tech stocks slid with Altium (ASX:AL...
Finance News Network
4mins
Monadelphous Group (ASX:MND) top perfomer after results release: ASX shares tracking 0.2% lower

Monadelphous Group (ASX:MND) top perfomer after results release: ASX shares tracking 0.2% lower

18 Feb 2020 - The ASX dropped at the open and is now tracking 0.2% lower at noon. Shares in the Monadelphous Group (ASX:MND) rose today after they released their results showing a revenue rise. Shares in Seven West Group also rose. Engineering com...
Finance News Network
3mins
Kogan.com (ASX:KGN) see profit up, revenue down

Kogan.com (ASX:KGN) see profit up, revenue down

18 Feb 2020 - Retail business Kogan.com (ASX:KGN) today announced its half year results showing gross sales of $322.9 million, up 16.4 per cent on prior year of $277.3 million.
Finance News Network
1min
Lifestyle Communities (ASX:LIC) first half results driven by 109 new home settlements

Lifestyle Communities (ASX:LIC) first half results driven by 109 new home settlements

18 Feb 2020 - Lifestyle Communities (ASX:LIC) achieved a net profit after tax attributable to shareholders of $15.1 million for the first half of the 2020 financial year, compared to $21.9 million in the same period last year.
Finance News Network
1min
Cochlear (ASX:COH) net profit increase of 23%

Cochlear (ASX:COH) net profit increase of 23%

18 Feb 2020 - Hearing implant manufacturer Cochlear's (ASX:COH) reported net profit increased by 23 per cent to $157.7 million and includes $25.0 million in non-cash after-tax gains from the revaluation of innovation fund investments.
Finance News Network
1min
BHP (ASX:BHP) see a rise in profit, increase dividend

BHP (ASX:BHP) see a rise in profit, increase dividend

18 Feb 2020 - BHP (ASX:BHP) has reported a 29 per cent increase in half-year profit to $US4.9 billion, that’s $7.30 billion AUD.
Finance News Network
1min
Rio’s (ASX:RIO) iron ore shipments reduced due to cyclone: ASX set for a flat start

Rio’s (ASX:RIO) iron ore shipments reduced due to cyclone: ASX set for a flat start

18 Feb 2020 - Wall Street was closed yesterday due to President’s Day. The ASX looks set to open flat this morning. European stocks closed higher as China’s central bank announced fresh policy to shield its economy from Coronavirus. Meanwhile, App...
Finance News Network
3mins
AP Eagers (ASX:APE) await further details on Holden wind down

AP Eagers (ASX:APE) await further details on Holden wind down

18 Feb 2020 - AP Eagers (ASX:APE) reported yesterday that as a partner of General Motors General Motors they are sad the company has decided to wind down Holden vehicle sales in Australia and New Zealand by 2021.
Finance News Network
1min
Scentre Group (ASX:SCG) sees Aliza knox step down from the board

Scentre Group (ASX:SCG) sees Aliza knox step down from the board

18 Feb 2020 - Scentre Group (ASX:SCG) will say goodbye to Aliza Knox after she notified the board she will not stand for re-election at the Group's AGM.
Finance News Network
1min
Kenya: Sugar cane as a green fuel

Kenya: Sugar cane as a green fuel

Kenya is one of Africa's major tea producers. Traditionally, wood is used as fuel to dry the tea leaves. Tebesonik is a company that uses briquets made of waste sugar cane. They are more environmentally friendly and sustainable.
Deutsche Welle
7mins
UBS raises TPG (ASX:TPM) target price following merger approval: Aus market closes 1.1% lower

UBS raises TPG (ASX:TPM) target price following merger approval: Aus market closes 1.1% lower

17 Feb 2020 - A bullish run in the back half of the session has boosted the market. However, it wasn’t enough to counteract this morning’s losses. The market closed 0.1% lower today. A subsidiary of GR Engineering Services (ASX:GNG) has secured an...
Finance News Network
4mins
Big River Industries (ASX:BRI) to acquire Pine Design Truss and Timber: Aus shares 0.4% lower at noo

Big River Industries (ASX:BRI) to acquire Pine Design Truss and Timber: Aus shares 0.4% lower at noo

17 Feb 2020 - The Australian share market saw a short-lived spike at the open but has floated lower over the morning trade and is now tracking 0.4% lower after the first two hours of trade.Credit Suisse has upgraded Beach Energy (ASX:BPT) from a n...
Finance News Network
3mins
Bendigo & Adelaide Bank (ASX:BEN) launches capital raising

Bendigo & Adelaide Bank (ASX:BEN) launches capital raising

17 Feb 2020 - Bendigo & Adelaide Bank (ASX:BEN) is looking to raise $300 million to support growth in its residential mortgage business, also to strengthen its balance sheet.
Finance News Network
1min
Regis Resources (ASX:RRL) record net profit up 17%

Regis Resources (ASX:RRL) record net profit up 17%

17 Feb 2020 - Regis Resources (ASX:RRL) has reported net profit is up 17 per cent to $93.4 million compared to the same corresponding period where it stood at $79.9 million.
Finance News Network
1min
Saracen Mineral Holdings (ASX:SAR) NPAT up 84%

Saracen Mineral Holdings (ASX:SAR) NPAT up 84%

17 Feb 2020 - Saracen Mineral Holdings (ASX:SAR) reports further strong growth in production, with an 84 per cent increase in its underlying net profit after tax in the six months to 31 December 2019.
Finance News Network
1min
Ridley Corporation (ASX:RIC) appoint new CEO for Novacq

Ridley Corporation (ASX:RIC) appoint new CEO for Novacq

17 Feb 2020 - Ridley Corporation (ASX:RIC) has appointed Siddharth Jain to the role of Chief Executive Officer of Novacq™ and to advise of the completion of the land and feedmill acquisition in Thailand.
Finance News Network
1min
Atlas Arteria (ASX:ALX) receives anti-trust clearance

Atlas Arteria (ASX:ALX) receives anti-trust clearance

17 Feb 2020 - Atlas Arteria (ASX:ALX) is pleased to announce that anti-trust clearance from the European Commission and foreign investment control clearance from the French Ministry of the Economy have now been obtained.
Finance News Network
1min
Brambles (ASX:BXB) dividend down 37.9%

Brambles (ASX:BXB) dividend down 37.9%

17 Feb 2020 - Brambles (ASX:BXB) has reported first half underlying profit of $US435.5 million, up 1 per cent net on the prior corresponding period and 5 per cent higher excluding foreign exchange impacts.
Finance News Network
1min
Huge reporting week ahead: ASX poised to open lower

Huge reporting week ahead: ASX poised to open lower

17 Feb 2020 - Following mixed leads from US markets, the ASX looks set to open higher this morning. It’s a huge reporting week this week with more than 70 companies due to report such as BHP, Coles, Crown, Fortescue Metals, and Qantas and Santos. ...
Finance News Network
4mins
Uganda: Global Snack

Uganda: Global Snack

In Uganda people associate "Rolex" not with a luxury wristwatch but an omelet rolled up in a chapati. Faizo Mugerwa's stand in Kampala is busy from dawn until late at night.
Deutsche Welle
3mins
Philippines: Global Snack

Philippines: Global Snack

While perhaps an acquired taste for people outside the country, Lugaw is hugely popular in the Philippines. Customers throng to Nini Elago's snack bar in Payatas to savor the rice porridge cooked with garlic, congealed chicken blood and chicken feet.
Deutsche Welle
3mins
Banks play Cupid on Valentine’s Day: Aus shares close 0.4% higher

Banks play Cupid on Valentine’s Day: Aus shares close 0.4% higher

14 Feb 2020 - The Australian share market gained momentum after midday to close higher. Banking giants NAB (ASX:NAB) and Commonwealth (ASX:CBA) led the charge, following 1H20 results exceeding expectations. Financials were among the strongest gain...
Finance News Network
5mins
AMP (ASX:AMP) shares claw back up: ASX trading 0.2% higher at noon

AMP (ASX:AMP) shares claw back up: ASX trading 0.2% higher at noon

14 Feb 2020 - The ASX is currently on the rise and is now tracking 0.2% higher at noon. Amp (ASX:AMP) shares are on the up despite posting a huge full-year loss yesterday and noting that shareholders will not receive a dividend. Promedicus (ASX:PM...
Finance News Network
3mins
Centuria Capital Group (ASX:CNI) settles Paramatta office tower

Centuria Capital Group (ASX:CNI) settles Paramatta office tower

14 Feb 2020 - Centuria Capital Group (ASX:CNI) says their subsidiary, Centuria Property Funds has settled Parramatta office tower for $105.3 million, following the completion of the closed-ended fund’s five-year term.
Finance News Network
1min
Baby Bunting (ASX:BBN) increase dividend

Baby Bunting (ASX:BBN) increase dividend

14 Feb 2020 - Baby Bunting (ASX:BBN) has reported first half pro-forma sales of $186.4 million, with comparable sales up 1 per cent and total sales 8.1 per cent higher on the previous first half.
Finance News Network
1min
Viva Leisure (ASX:VVA) acquires 13 new health clubs

Viva Leisure (ASX:VVA) acquires 13 new health clubs

14 Feb 2020 - Health club owner Viva Leisure (ASX:VVA) has completed the acquisition of the 13 FnF health clubs.
Finance News Network
1min
NetLinkz (ASX:NET) to provide remote office tech in Beijing for coronavirus

NetLinkz (ASX:NET) to provide remote office tech in Beijing for coronavirus

14 Feb 2020 - NetLinkz (ASX:NET) today announced Beijing iLinkAll Science and Technology Co. has been selected by the Beijing Municipal Bureau of Economic and Information Technology as an approved provider of Remote Office collaboration solutions.
Finance News Network
1min
China’s travel ban extended due to coronavirus: ASX poised to open higher

China’s travel ban extended due to coronavirus: ASX poised to open higher

14 Feb 2020 - Despite Wall St closing lower yesterday, the ASX looks set to open higher this morning after the WHO says new coronavirus cases have stablished – but warn that could change. Global parking business Smart Parking (ASX:SPZ) has been ap...
Finance News Network
3mins
Regional Express’s (ASX:REX) Pel-Air awarded NSW Air Ambulance contract

Regional Express’s (ASX:REX) Pel-Air awarded NSW Air Ambulance contract

14 Feb 2020 - Regional Express (ASX:REX) report that New South Wales Ambulance and Pel-Air have entered into a contract to provide Fixed Wing Patient Transport Services to NSW Ambulance.
Finance News Network
1min
Smartgroup Corporation (ASX:SIQ) appoint new CEO and CFO

Smartgroup Corporation (ASX:SIQ) appoint new CEO and CFO

14 Feb 2020 - Smartgroup Corporation (ASX:SIQ) has appointed Tim Looi as Managing Director and CEO to succeed Deven Billimoria will take effect at the end of this month.
Finance News Network
1min