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.
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Reporting season rolls in: Aus shares 1.2% higher at noon

Reporting season rolls in: Aus shares 1.2% higher at noon

10 Aug 2020 - The Australian share market lifted at the open as financial year reports roll in and is now tracking 1.2 per cent higher at noon. Banks and REITs have lifted while miners are lacking, but all sectors are in the green by noon. Sigma H...
GPT Group (ASX:GPT) reports $519 million loss

GPT Group (ASX:GPT) reports $519 million loss

10 Aug 2020 - GPT Group (ASX:GPT) reports a $519.1 million loss for the first half of the year, impacted by the uncertainty of the current economic climate.
Adairs (ASX:ADH) profit increases 19% for year

Adairs (ASX:ADH) profit increases 19% for year

10 Aug 2020 - Bedding company Adairs (ASX:ADH) reports a 19% lift in FY2020 net profit after tax of $35.3 million compared to a year ago.
Aurizon (ASX:AZJ) launches $300 million buyback as profit increases

Aurizon (ASX:AZJ) launches $300 million buyback as profit increases

10 Aug 2020 - Aurizon (ASX:AZJ) reports a 28% increase in net profit to $605 million as the rail freight operator launches a $300 million buyback.
Kogan.com (ASX:KGN) sees uptick in customers, sales, profit in July

Kogan.com (ASX:KGN) sees uptick in customers, sales, profit in July

10 Aug 2020 - Kogan.com (ASX:KGN) has added 126,000 new customers in July, bringing its active customer base to more than 2.3 million.
US job growth lifts confidence slightly: Aus shares to open in the green

US job growth lifts confidence slightly: Aus shares to open in the green

10 Aug 2020 - Following mixed leads from Wall Street, the Australian share market looks set to start the week in the green. The greenback bounced on the back of better-than-expected US job growth. Charter Hall Long WALE REIT (ASX:CLW) reported a 7...
RBA pessimism infects market: Aus shares rise 1.3% over week

RBA pessimism infects market: Aus shares rise 1.3% over week

07 Aug 2020 - The ASX dropped in early trade and tracked sideways for most of the afternoon despite gains on Wall Street overnight and strong prices for gold and iron ore. The Reserve Bank of Australia warns that the Australian economy will take l...
Banking sector response to COVID-19 and the new banking code

Banking sector response to COVID-19 and the new banking code

07 Aug 2020 - Australian Banking Association CEO, Anna Bligh discusses how the banking sector is responding to COVID-19 and what customers can expect from the new banking code.
4DMedical (ASX:4DX) IPO soars: Aus shares 0.4% higher at noon

4DMedical (ASX:4DX) IPO soars: Aus shares 0.4% higher at noon

07 Aug 2020 - The Australian share market is down 0.4 per cent this morning after the Reserve Bank of Australia downgraded its forecasts for global GDP and Australian employment. Credit Suisse rates Centuria Office REIT (ASX:COF) as an Outperform,...
Link Group (ASX:LNK) appoints Vivek Bhatia as MD & CEO

Link Group (ASX:LNK) appoints Vivek Bhatia as MD & CEO

07 Aug 2020 - The board of administration outsourcing company, Link Administration Holdings (ASX:LNK) has appointed Vivek Bhatia to succeed John McMurtrie, as Managing Director of Link Group in early 2021.
BHG set to acquire Village Roadshow (ASX:VRL)

BHG set to acquire Village Roadshow (ASX:VRL)

07 Aug 2020 - Village Roadshow (ASX:VRL) has finally entered into a deal with BGH Capital which will see the private equity firm acquire the theme park and cinema operator at a price of up to $2.45 per share.
Government lends a helping hand to Ardent's (ASX:ALG) theme parks

Government lends a helping hand to Ardent's (ASX:ALG) theme parks

07 Aug 2020 - Ardent Leisure Group (ASX:ALG) has received financial assistance for its Theme Parks division under the Queensland Government’s Covid 19 Industry Support Package and Queensland Tourism Icons Program 2020.
REA Group (ASX:REA) reports 5% drop in earnings

REA Group (ASX:REA) reports 5% drop in earnings

07 Aug 2020 - Online real estate classifieds company REA Group (ASX:REA) reported a 5 per cent drop in earnings (EBITDA) year on year to $492.1 million for the year ended 30 June 2020.
US markets rally on stimulus deal optimism: Aus shares to open lower

US markets rally on stimulus deal optimism: Aus shares to open lower

07 Aug 2020 - Australian shares are poised for modest losses at the open following an advance on Wall Street, fuelled by optimism that the officials will reach agreement on a fresh economic stimulus package. Pressure is mounting on the White House...
Tribeca Alpha Plus Fund, Aussie equity long-short fund

Tribeca Alpha Plus Fund, Aussie equity long-short fund

07 Aug 2020 - Tribeca Alpha Plus Fund Portfolio Manager Jun Bei Liu talks about the fund's unique investment process, which combines decades of fundamental insight with quantitative rigour, current market conditions and performance.
Ventilator demand from Covid sees Resmed (ASX:RMD) rise: ASX closes 0.7% higher

Ventilator demand from Covid sees Resmed (ASX:RMD) rise: ASX closes 0.7% higher

06 Aug 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 0.7% higher. Shares in Resmed (ASX:RMD) took a dip despite reporting a 54% increase in full year net income after fourth quarter earnings were boosted ...
Centuria Industrial REIT (ASX:CIP) financial year 2020 results & outlook

Centuria Industrial REIT (ASX:CIP) financial year 2020 results & outlook

06 Aug 2020 - Centuria Industrial REIT (ASX:CIP) Fund Manager, Jesse Curtis talks full year 2020 results, portfolio metrics and guidance.
Shares in Resmed (ASX:RMD) take a dip: ASX tracking 0.7% higher at noon

Shares in Resmed (ASX:RMD) take a dip: ASX tracking 0.7% higher at noon

06 Aug 2020 - The ASX shot up at the open and is now tracking 0.7 per cent higher at noon. Shares in Harvey Norman Holdings (ASX:HVN) are doing well today. Shares in Resmed (ASX:RMD) and the Scentre Group (ASX:SCG) have taken a dip. The Scentre Gr...
Eligible Telstra customers can now sign up Dubber Corporation (ASX:DUB)

Eligible Telstra customers can now sign up Dubber Corporation (ASX:DUB)

06 Aug 2020 - The unified call recording service and voice intelligence cloud Dubber Corporation (ASX:DUB) has moved from early adopter program to general availability for eligible Telstra customers who sign up to Dubber’s services.
30 Lovisa (ASX:LOV) stores close across Melbourne

30 Lovisa (ASX:LOV) stores close across Melbourne

06 Aug 2020 - As a result of the Victorian government decision to move to Stage 4 restrictions in metropolitan Melbourne for a period of 6 weeks in response to the Covid-19 situation, 30 Lovisa (ASX:LOV) stores across Melbourne will temporarily cl...
The Scentre Group (ASX:SCG) expectd net operating cashflow "in excess" of $250m

The Scentre Group (ASX:SCG) expectd net operating cashflow "in excess" of $250m

06 Aug 2020 - The Scentre Group (ASX:SCG) expects at its August 25th earnings announcement to report net operating cashflow after interest, overheads and tax "in excess" of $250 million for the year to June.
Alex Wade, CEO of AMP Australia (ASX:AMP), has left his role

Alex Wade, CEO of AMP Australia (ASX:AMP), has left his role

06 Aug 2020 - Alex Wade, CEO of AMP Australia (ASX:AMP), will step down from his role, effective immediately.
Commodities boost sees market set to rise: ASX to open higher

Commodities boost sees market set to rise: ASX to open higher

06 Aug 2020 - The ASX looks set to open higher this morning thanks to gains in commodities and Wall Street closing higher overnight. Over in the UK, the Bank of England will announce its latest monetary policy decision before the opening bell toda...
Gold tops US$$2,023: Aus shares close 0.6% lower

Gold tops US$$2,023: Aus shares close 0.6% lower

05 Aug 2020 - The Australian share market has been flat all day after dropping at the open. The big banks fell today, while the miners kept afloat. On the commodities front, we’ve seen gold top a record at US$$2,028. Virgin Australia (ASX:VAH) ann...