Latest Company News - Finance News Network
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Stocks of the Hour: Atlas Arteria, AD1 Holdings & Sims
June 08, 2022 01:30 - 1 minute - 1000 KB08 Jun 2022 - A snapshot of the stocks on the move featuring Atlas Arteria (ASX:ALX), AD1 Holdings (ASX:AD1) & Sims (ASX:SGM).
As the World Bank turns
June 07, 2022 23:30 - 1000 KB08 Jun 2022 - Blame Russia’s invasion of Ukraine for the gloomy change in the tone of the latest forecast for the global economy from the World Bank which has slashed its growth forecast and warned some small and less developed economies face a rising risk of recession.
More woes for Target another shock for retailers
June 07, 2022 23:29 - 1000 KB08 Jun 2022 - Even though the news was a shock, this time round there was no 29% plunge in the value of shares of giant US retailer Target as we saw in May with a weak first quarter report.
Sasanof done and dusted for WA energy juniors
June 07, 2022 23:27 - 1000 KB08 Jun 2022 - It was a ‘duster’ – that’s what American oil people call a dry hole.
Boral (ASX:BLD) appoints new Chief Executive Officer
June 07, 2022 23:18 - 1000 KB08 Jun 2022 - Building products business Boral (ASX:BLD) has appointed Vik Bansal as its new chief executive officer (CEO) and managing director, effective on or before December 5 this year.
Stocks of the Hour: Yancoal, GQG Partners, Telix, Kingston Resources
June 07, 2022 01:30 - 1 minute - 1000 KB07 Jun 2022 - A snapshot of the stocks on the move featuring, Yancoal (ASX:YAL), GQG Partners (ASX:GQG), Telix Pharmaceuticals (ASX:TLX), and Kingston Resources (ASX:KSN).
Yancoal (ASX:YAL) board rejects $2.5b takeover bid from Yankuang Energy
June 07, 2022 00:25 - 1000 KB07 Jun 2022 - Yancoal’s (ASX:YAL) independent board committee (IBC) has rejected the $2.5 billion takeover offer from Yankuang Energy, the coal miner’s major shareholder.
Apple's US BNPL feature set to weigh on ASX-equivalent players?
June 06, 2022 23:00 - 1000 KB07 Jun 2022 - Apple unveiled a payment option where you can pay in instalments with no fees or interest at its Worldwide Developers Conference. We take a look at what this means for ASX-listed buy-now, pay-later companies.
Gunfight at the Twittersphere corral
June 06, 2022 22:32 - 1000 KB07 Jun 2022 - Cue the lawyers’ picnic as Elon Musk continues to try and find room to escape his high-priced bid for Twitter.
Public service wage rise on the cards for NSW
June 06, 2022 22:29 - 1000 KB07 Jun 2022 - The NSW government looks like it has cleared the way for public service wages to rise by up to 3% in the next two years, and perhaps a bit more, after a surprise announcement on Monday.
Opinions divided on RBA's next move
June 06, 2022 22:20 - 1000 KB07 Jun 2022 - Surprisingly, given the number of previous forecasts for a rise of 0.40%, the consensus for today’s rise in the Reserve Bank’s cash rate now seems to have shifted to 0.25%, which would put the key rate up to a somewhat untidy 0.60%.
IOUpay (ASX:IOU) partners with Pine Labs
June 06, 2022 04:48 - 1000 KB06 Jun 2022 - IOUpay’s (ASX:IOU) subsidiary IOUpay Asia has partnered with Pine Payment Solutions to enable mutual merchant clients to offer the company’s myIOU buy now pay later services to customers.
Mighty Kingdom (ASX:MKL) signs partnership deal with Lion Studios
June 06, 2022 03:50 - 1000 KB06 Jun 2022 - Mighty Kingdom (ASX:MKL) signed a co-development partnership with Lion Studios by Applovin, a mobile games studio and publisher based in California.
Cooper Energy (ASX:COE) lifts production & sales volume guidance
June 06, 2022 01:56 - 1000 KB06 Jun 2022 - Cooper Energy (ASX:COE) revised its FY22 guidance to the upper half of the previous guidance range because of continued improvement in average processing rates at the Orbost Gas processing plant, and a substantial increase in gas prices in Sydney and Victoria.
Stocks of the Hour: Immutep, Liontown Resources & Calidus Resources
June 06, 2022 01:30 - 1 minute - 1000 KB06 Jun 2022 - A snapshot of the stocks on the move featuring Immutep (ASX:IMM), Liontown Resources (ASX:LTR) & Calidus Resources (ASX:CAI).
Economics Wrap: A matter of degrees
June 06, 2022 00:24 - 1000 KB06 Jun 2022 - A rate rise is guaranteed when the Reserve Bank meets tomorrow and, as was the case in the run-up to the May meeting, the speculation is about the size of the increase and those to come later in the year.
Commodities Corner: Iron ore comes back to life
June 06, 2022 00:22 - 1000 KB06 Jun 2022 - Iron ore prices returned to prominence in the minds of investors with a solid rise on the re-opening of Shanghai and moves by the Chinese government to detail a series of stimulus measures.
Diary: Hawks in the ascendancy
June 06, 2022 00:20 - 1000 KB06 Jun 2022 - Another week, oil prices, interest rates in Australia, Europe and India, Chinese trade and inflation data and US consumer price inflation for May and yet more speculation about rate rises from the Fed.
Queuing at the ATM: ASX small caps discover a handy source of funding
June 05, 2022 23:39 - 1000 KB06 Jun 2022 - ASX-listed small cap companies are flocking to the ATM for a ready source of cash, at a time and amount of their choosing.
Retailers at the crossroads
June 05, 2022 23:30 - 1000 KB06 Jun 2022 - The impression among many investors is that retailers will be the victims of the toughening of monetary policy by the Fed and possibly in other countries where central banks are pushing up rates – such as Australia, the UK and NZ.
Alloggio (ASX:ALO) upgrades FY22 guidance
June 05, 2022 23:30 - 1000 KB06 Jun 2022 - Alloggio (ASX:ALO) has upgraded its FY22 guidance in both revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA).
Monday Market Minutes: Hurricane season
June 05, 2022 23:18 - 1000 KB06 Jun 2022 - “Mixed’ was the nice way of describing the state of share markets on Friday – and much of the week. “Slightly confused” would be more accurate as a plethora of factors saw a lot of wobbling – helped by an overlay of an agonised Elon Musk warning of big job cuts in his company.
Interest rate hikes, inflation - what it means this week for the ASX
June 05, 2022 23:00 - 1000 KB06 Jun 2022 - What to look out for this week on the ASX.
Lycaon (ASX:LYN) to acquire sulphide project in East Kimberly, WA
June 03, 2022 04:12 - 1000 KB03 Jun 2022 - Lycaon Resources (ASX:LYN) is set to acquire the Bow River and Salt Lick nickel copper sulphide projects in the East Kimberley region of Western Australia.
Stocks of the Hour: Healius, Incannex & FireFinch
June 03, 2022 01:41 - 1 minute - 1000 KB03 June 2022 - A snapshot of the stocks on the move featuring Healius (ASX:HLS), Incannex (ASX:IHL) & FireFinch (ASX:FFX).
Audeara (ASX:AUA) signs reseller deal with Specsavers
June 03, 2022 00:30 - 1000 KB03 Jun 2022 - Audiology network Audeara (ASX:AUA) has signed a reseller agreement with Specsavers.
Coal to cool India?
June 02, 2022 23:39 - 1000 KB03 Jun 2022 - An intense heatwave continues to sweep through India with people sweltering under the conditions. To combat soaring temperatures, coal is being used to meet the demands of cooling systems. It is a vicious circle: scientists say that the carbon-intense fuel is also the cause of the problem and, as the planet gets warmer, frequent and more severe heat waves are imminent.
Australias impact on the U.S. infant milk powder crisis
June 02, 2022 23:35 - 1000 KB03 Jun 2022 - The share prices in both Bubs Australia (ASX:BUB) and a2 Milk (ASX:A2M) have been soaring on the back of news that they can provide aid to the current supply shortage in the US. However, are these companies a temporary fix to the current shortage or will this be an opportunity to disrupt an oligopoly within the US market?
Australia's impact on the U.S. infant milk powder crisis
June 02, 2022 23:35 - 1000 KB03 Jun 2022 - The share prices in both Bubs Australia (ASX:BUB) and a2 Milk (ASX:A2M) have been soaring on the back of news that they can provide aid to the current supply shortage in the US. However, are these companies a temporary fix to the current shortage or will this be an opportunity to disrupt an oligopoly within the US market?
PeopleIn (ASX:PPE) to acquire FIP for $45m
June 02, 2022 23:29 - 1000 KB03 Jun 2022 - PeopleIn (ASX:PPE) is set to acquire workforce solutions business FIP (Food Industry People) for an upfront consideration of $45 million.
OPEC+ eases price pressures with production bump
June 02, 2022 23:14 - 1000 KB03 Jun 2022 - OPEC and its allies on Thursday agreed to accelerate oil production in July and August, as Saudi Arabia bowed to US pressure to cool a crude price rally that has threatened to stall the global economy.
Why lithium stocks are falling
June 02, 2022 06:45 - 7 minutes - 1000 KB02 Jun 2022 - Behind the numbers yesterday on the ASX and overnight was big movements in US lithium stocks as they followed the lead of their Australian peers.
Stocks of the Hour: Kogan, Mineral Resources, Wesfarmers
June 02, 2022 03:15 - 1 minute - 1000 KB02 Jun 2022 - A snapshot of the stocks on the move featuring, Kogan, Mineral Resources, Wesfarmers.
More rationalisation in global gold sector
June 02, 2022 01:58 - 1000 KB02 Jun 2022 - The second multibillion-dollar takeover in the gold industry in a year will see South African miner Gold Fields buy Canada’s Yamana Gold in an all-share deal worth $US6.7 billion that will make the combined company the world’s fourth largest gold producer.
Goldmans report puts fear of God into metals stocks
June 02, 2022 01:58 - 1000 KB02 Jun 2022 - Thanks in part to a negative report from Goldman Sachs shares in lithium miners in Australia lost a lot of ground yesterday.
Gold, platinum & palladium prices consolidate
June 02, 2022 01:24 - 1000 KB02 Jun 2022 - Sell-in-May then go away means that volumes tend to be light during this time. Add the public holidays in the US and in the UK this week, plus month end rebalancing, the variables add to further volatility.
Centuria Industrial REIT (ASX:CIP) sells Eastern Creek asset at 37% premium
June 02, 2022 00:30 - 1000 KB02 Jun 2022 - Centuria Industrial REIT (ASX:CIP) struck a deal to divest its Eastern Creek asset at a 37 per cent premium to the 31 December 2021 book value of $25.2 million.
Flights set to take-off for Biden-picked Bubs Australia (ASX:BUB)
June 01, 2022 23:30 - 1000 KB02 Jun 2022 - Biden-picked Bubs Australia (ASX:BUB) pivots to America, offsetting China’s demand weighed down by months of Covid-19 lockdowns.
ASX (ASX:ASX) promotes Helen Lofthouse to CEO
June 01, 2022 23:00 - 1000 KB02 Jun 2022 - ASX (ASX:ASX) has named its first female managing director and chief executive officer Helen Lofthouse to start in August after seven years of tenure with the sharemarket operator.
Santos (ASX:STO) inks new deal with Yara Pilbara Fertilisers
June 01, 2022 04:38 - 1000 KB01 Jun 2022 - Santos (ASX:STO) signed a new agreement with Yara Pilbara Fertilisers to supply natural gas to Yara’s liquid ammonia plant on the Burrup Peninsula in Western Australia.
DUG Technology (ASX:DUG) extends banking facilities by two years
June 01, 2022 03:32 - 1000 KB01 Jun 2022 - DUG Technology (ASX:DUG) extended its primary banking facilities with Commonwealth Bank by two years to 1 July 2024.
Stocks of the Hour: Mesoblast, Origin Energy & Greenvale Mining
June 01, 2022 01:40 - 1 minute - 1000 KB01 Jun 2022 - A snapshot of the stocks on the move featuring Mesoblast (ASX:MSB), Origin Energy (ASX:ORG) & Greenvale Mining (ASX:GRV).
Woodside-BHPP marriage comes with hefty dowry
June 01, 2022 01:21 - 1000 KB01 Jun 2022 - Woodside Energy says it has completed its merger with BHP’s oil and gas portfolio and new Woodside shares will start trading this week.
Telix Pharmaceuticals (ASX:TLX) announces leadership changes
June 01, 2022 00:12 - 1000 KB01 Jun 2022 - Darren Smith will take over Doug Cubbin as chief financial officer of Telix Pharmaceuticals (ASX:TLX).
May 2022 markets & commodities review
May 31, 2022 23:30 - 1000 KB01 Jun 2022 - The ASX 200 lost 3% in May, including Tuesday’s 1% drop and yet Wall Street’s major market measures saw much smaller losses, even though it and its nervy traders were the source of much of the month’s volatility.
NAB (ASX:NAB) acquires Citi's Australian consumer business
May 31, 2022 23:30 - 1000 KB01 Jun 2022 - National Australia Bank (ASX:NAB) has completed the acquisition of Citigroup’s Australian consumer business. The major bank says it has set up an integration team to manage the transition of Citigroup’s consumer business into NAB's personal banking division and subsequent integration of both businesses.
Surge in value of imports to limit 1Q22 GDP growth
May 31, 2022 23:28 - 1000 KB01 Jun 2022 - Today’s March quarter national accounts and Gross Domestic Product (GDP) data will show a slowing in the pace of growth from the three months to December, principally due to the surge in the value of imports of oil, cars and consumer goods in the period.
Further contraction finally forces Beijing's hand
May 31, 2022 23:26 - 1000 KB01 Jun 2022 - China’s economy again contracted in May, with manufacturing and services reports also showing activity remained in a contractionary phase, though the slump was not as deep or as nasty as what we saw in April when they fell to two-year lows.
Oz housing market stays cool, but less cold
May 31, 2022 23:20 - 1000 KB01 Jun 2022 - The slide in home building approvals slowed in April following the steep swings over the first three months of the year.
Mallina's gold adding plenty of green to De Grey
May 31, 2022 23:20 - 1000 KB01 Jun 2022 - De Grey Mining’s emerging Mallina gold complex in the WA Pilbara, just southeast of Port Hedland, has just seen another significant upgrade in its indicated and inferred gold resources.