Wall Street ends mixed: Aus shares to open lower ahead of a big week for economic data

Wall Street ends mixed: Aus shares to open lower ahead of a big week for economic data

01 Jun 2020 - The Australian sharemarket looks set to open lower following a mixed result in the US on Friday. Wall Street ended a volatile session with the Nasdaq and the S&P500 managing to hold onto gains after President Donald Trump didn’t take...
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Auckland Airport's (ASX:AIA) passenger volumes decrease by 94.7% in May

Auckland Airport's (ASX:AIA) passenger volumes decrease by 94.7% in May

16 Jul 2020 - Auckland Airport's (ASX:AIA) total passenger volumes decreased by 94.7 per cent in May 2020 versus last year.
$19.1 billion early super payments made: ASX poised to open higher

$19.1 billion early super payments made: ASX poised to open higher

16 Jul 2020 - Following gains from US and European markets overnight, the ASX looks set to open higher this morning. The virus vaccine is inspiring more bullish emotions. Back home the latest APRA figures show there have been around 2.7 million ea...
Trump signs for more sanctions on China: ASX poised to open higher

Trump signs for more sanctions on China: ASX poised to open higher

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 autono...
Recce Pharmaceuticals (ASX:RCE) broad spectrum antibiotic potential

Recce Pharmaceuticals (ASX:RCE) broad spectrum antibiotic potential

15 Jul 2020 - Recce Pharmaceuticals Limited (ASX:RCE) Executive Director James Graham provides an update on positive data against a range of persistent bacteria using the company's synthetic antibiotic RECCE 327, commencement of Phase I human clin...
The information technology sector drags on the market: ASX closed 0.6% lower

The information technology sector drags on the market: ASX closed 0.6% lower

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...
Whitehaven Coal (ASX:WHC) hits full year guidance

Whitehaven Coal (ASX:WHC) hits full year guidance

14 Jul 2020 - Whitehaven Coal (ASX:WHC) achieved financial year 2020 guidance with managed Run of Mine coal production of 20.6 million tonnes.
Augusta Capital pushes to accept Centuria Capital Group (ASX:CNI) offer

Augusta Capital pushes to accept Centuria Capital Group (ASX:CNI) offer

14 Jul 2020 - Centuria Capital Group (ASX:CNI) has received a nod for its bid for New-Zealand-based property manager.Augusta Capital.
California orders bars and restaurants to close again: ASX to open lower

California orders bars and restaurants to close again: ASX to open lower

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 ...
The Star Entertainment Group (ASX:SGR) confirms COVID-19 positive patron: Aus shares close 0.98% hig

The Star Entertainment Group (ASX:SGR) confirms COVID-19 positive patron: Aus shares close 0.98% hig

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.
Australian shares to surge at the open following US gains

Australian shares to surge at the open following US gains

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.
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.