The big four banks see a huge rally: ASX closes 0.1% lower

The big four banks see a huge rally: ASX closes 0.1% lower

27 May 2020 - After a rise after mid-morning trade the ASX took an afternoon slump and closed 0.1% lower. Banks saw a rally today. The ANZ (ASX:ANZ), NAB (ASX:NAB) and Westpac (ASX:WBC) all closed around 8%. Saracen Mineral Holdings (ASX:SAR) shar...
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ASX200 ends today 0.6% lower: Aus shares down 2.3% over week

ASX200 ends today 0.6% lower: Aus shares down 2.3% over week

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.
Sezzle (ASX:SZL) set to raise $86.3M: Aus shares 0.1% lower at noon

Sezzle (ASX:SZL) set to raise $86.3M: Aus shares 0.1% lower at noon

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 outp...
Nine Entertainment (ASX:NEC) expects $390 to $410M EBITA as CFO resigns

Nine Entertainment (ASX:NEC) expects $390 to $410M EBITA as CFO resigns

10 Jul 2020 - Nine Entertainment (ASX:NEC) CFO Paul Koppelman has resigned for personal reasons, including the recent death of a family member.
New Hope Group (ASX:NHC) appoints new CEO

New Hope Group (ASX:NHC) appoints new CEO

10 Jul 2020 - Coal miner, New Hope Group has appointed Mr Reinhold Schmidt as Chief Executive Officer of the company effective from 1 September 2020.
Chorus (ASX:CNU) fibre activity and uptake hampered by covid-19 restrictions

Chorus (ASX:CNU) fibre activity and uptake hampered by covid-19 restrictions

10 Jul 2020 - New Zealand internet services provider Chorus says the COVID-19 lockdown restrictions have had a significant impact on fibre activity and uptake in the 4th quarter.
Tilt Renewables (ASX:TLT) downgrades EBITAF guidance

Tilt Renewables (ASX:TLT) downgrades EBITAF guidance

10 Jul 2020 - Tilt Renewables (ASX:TLT) now expects EBITDAF for the 2021 financial year to be in the range of $65 to $80 million.
Monthly economic update with MLC, June 2020

Monthly economic update with MLC, June 2020

10 Jul 2020 - MLC Asset Management Senior Economist Bob Cunneen discusses the rise in global share market performance over June despite an increase in coronavirus infection rates.
US records record number of cases: Aus shares to open lower

US records record number of cases: Aus shares to open lower

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 b...
Home loans record largest ever fall - ABS: Aus shares close 0.6% higher

Home loans record largest ever fall - ABS: Aus shares close 0.6% higher

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.
Salt Lake Potashs (ASX:SO4) Lake Way Project over 90% procured: Aus shares 0.8% higher at noon

Salt Lake Potashs (ASX:SO4) Lake Way Project over 90% procured: Aus shares 0.8% higher at noon

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) ...
Praemium (ASX:PPS) is to acquire Powerwrap (ASX:PWL) for $55m

Praemium (ASX:PPS) is to acquire Powerwrap (ASX:PWL) for $55m

09 Jul 2020 - Praemium (ASX:PPS) and Powerwrap (ASX:PWL) have entered into a bid implementation agreement at an indicative price of 26.44 cents per Powerwrap Shareor $55.6 million for all of Powerwrap’s issued share capital.
Netwealth (ASX:NWL) grows FUA by 35%

Netwealth (ASX:NWL) grows FUA by 35%

09 Jul 2020 - Netwealth (ASX:NWL) grew its funds under management (FUA) by 35 per cent over the 2020 financial year, an increase of $8.2 billion to $31.5 billion.
Treasury Wine Estates (ASX:TWE) posts 21% decline in EBITS for FY20

Treasury Wine Estates (ASX:TWE) posts 21% decline in EBITS for FY20

09 Jul 2020 - Treasury Wine Estates (ASX:TWE) has posted a 21% decline in FY20 EBITS, with regional declines of approximately 14 per cent in Asia, 37 per cent in the Americas, 16 per cent in ANZ and 18 per cent in Europe, the Middle East and Africa.
Worley (ASX:WOR) increases stake in TW Power Services

Worley (ASX:WOR) increases stake in TW Power Services

09 Jul 2020 - Worley (ASX:WOR) has acquired Ferrovial’s 50 per cent shareholding of TW Power Services for a cash consideration of $20 million, increasing its stake to 100 per cent.
The price of iron ore hits a 2020 high: ASX set to open higher

The price of iron ore hits a 2020 high: ASX set to open higher

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 farme...
Blackmores (ASX:BKL) completes SPP: ASX closes 1.5% lower

Blackmores (ASX:BKL) completes SPP: ASX closes 1.5% lower

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 ...
Splitit Payments (ASX:SPT) see record growth in Q2 FY20

Splitit Payments (ASX:SPT) see record growth in Q2 FY20

08 Jul 2020 - Installment payment company Splitit Payments (ASX:SPT) has posted record Merchant Sales Volume up 176 per cent on Q1 FY20 and up 260 per cent over Q2 FY19, due to the addition of new large merchants.
WiseTech Global (ASX:WTC) has completed earnout renegotiations

WiseTech Global (ASX:WTC) has completed earnout renegotiations

08 Jul 2020 - WiseTech Global (ASX:WTC) today confirmed completion of the remaining earnout renegotiations removing $33.3 million of future contingent cash liabilities owed to multiple acquisition targets.
Afterpay (ASX:APT) completes institutional raising

Afterpay (ASX:APT) completes institutional raising

08 Jul 2020 - Afterpay (ASX:APT) successfully raised $650 million via a fully underwritten institutional placement that was strongly supported by existing and new shareholders.
Select Harvests (ASX:SHV) says 2020 harvest is complete

Select Harvests (ASX:SHV) says 2020 harvest is complete

08 Jul 2020 - Select Harvests (ASX:SHV) says harvest has been completed and 100 per cent of the 2020 crop has been delivered to their Carina West processing facility.
Global rally slows: ASX poised to dip at the open

Global rally slows: ASX poised to dip at the open

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 offic...
Official cash rate steady at 0.25%: ASX closed 0.03% lower

Official cash rate steady at 0.25%: ASX closed 0.03% lower

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 Resourc...
FIRB approves Iberdrola's takeover offer for Infigen: Aus shares 0.1% higher at noon

FIRB approves Iberdrola's takeover offer for Infigen: Aus shares 0.1% higher at noon

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 (...
Dexus's (ASX:DXS) DALT acquires two industrial assets

Dexus's (ASX:DXS) DALT acquires two industrial assets

07 Jul 2020 - Dexus (ASX:DXS) today announced that the Dexus Australian Logistics Trust, in which Dexus holds a 51 per cent interest, has exchanged contracts to acquire two quality industrial properties.