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Latest Company News - Finance News Network
2,997 episodes - English - Latest episode: 1 day ago -The latest Company News from Finance News Network.
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Suncorp (ASX:SUN) trims dividend as profit falls
February 08, 2022 02:05 - 1000 KB08 Feb 2022 - Suncorp Group (ASX:SUN) has trimmed its interim dividend after profit fell 20.8 per cent to $388 million during the first six months of the 2022 financial year.
Macquarie (ASX:MQG) unveils "record quarter" amid strong market conditions
February 08, 2022 01:00 - 1000 KB08 Feb 2022 - Macquarie’s (ASX:MQG) commodities and global markets business was the investment bank’s bright performing division, contributing 37% of the group’s profit amid strong market conditions.
Bapcor (ASX:BAP) appoints Noel Meehan as CEO
February 08, 2022 00:53 - 1000 KB08 Feb 2022 - Bapcor (ASX:BAP) has appointed Noel Meehan as its new chief executive officer to start today.
Charter Hall Long WALE REIT (ASX:CLW) lifts dividends 5.6%
February 08, 2022 00:50 - 1000 KB08 Feb 2022 - Charter Hall Long WALE REIT (ASX:CLW) has lifted its distributions by 5.1 per cent to $15.24 per share for the half year ending December 31.
Stocks of the Hour: Macquarie, Charter Hall Long WALE REIT & Bapcor
February 08, 2022 00:40 - 1 minute - 1000 KB08 Feb 2022 - A snapshot of the stocks on the move featuring Macquarie (ASX:MQG), Charter Hall Long WALE REIT (ASX:CLW) & Bapcor (ASX:BAP).
CIMIC's (ASX:CIM) UGL receives $185m contract from Snowy Hydro
February 07, 2022 03:30 - 1000 KB07 Feb 2022 - Snowy Hydro has named CIMIC Group’s (ASX:CIM) UGL as the principal contractor for the construction of a 660MW power generation plant at the Hunter Power Project in Kurri Kurri, NSW.
Star Entertainment (ASX:SGR) earnings hurt by Covid-19
February 07, 2022 03:10 - 1000 KB07 Feb 2022 - Star Entertainment (ASX:SGR) expects to report a loss in the first half of financial year 2022, with earnings impacted by Covid-19 related shutdowns and restrictions.
ANZ (ASX:ANZ) margins take a hit
February 07, 2022 02:10 - 1000 KB07 Feb 2022 - ANZ Bank (ASX:ANZ) saw a drop in group net interest margin of 8 basis points over the first quarter, or 5 basis points on an underlying basis.
GrainCorp (ASX:GNC) impresses with raised profit forecast
February 07, 2022 01:04 - 1000 KB07 Feb 2022 - GrainCorp (ASX:GNC) said that strong harvest, coupled with supply shortages and adverse weather conditions in the northern hemisphere, has contributed to “excellent” global demand.
James Hardie (ASX:JHX) lifts income guidance
February 07, 2022 00:57 - 1000 KB07 Feb 2022 - Building material giant James Hardie (ASX:JHX) has raised its income guidance by 6 per cent to up to $890 million (US$630 million), from their previous guidance after a strong third quarter in which sales increased across the board.
Hamish Douglass from Magellan (ASX:MFG) to take leave of absence
February 07, 2022 00:55 - 1000 KB07 Feb 2022 - Hamish Douglass has revealed his plans to step down from his duties as chairman, director and chief investment officer from Magellan Financial Group (ASX:MFG).
Stocks of the Hour: Magellan, James Hardie & GrainCorp
February 07, 2022 00:45 - 1 minute - 1000 KB07 Jan 2022 - A snapshot of the stocks on the move featuring Magellan (ASX:MFG), James Hardie (ASX:JHX) & GrainCorp (ASX:GNC).
PointsBet (ASX:PBH) gets green light on Ontario license
February 04, 2022 00:45 - 1000 KB04 Feb 2022 - PointsBet's (ASX:PBH) subsidiary PointsBet Canada has been officially approved as a licensed sportsbook in Ontario.
News Corp (ASX:NWS) reports higher revenue
February 04, 2022 00:05 - 1000 KB04 Feb 2022 - News Corp (ASX:NWS) reported it’s highest quarterly revenue since the company was formed in 2013, up 13 per cent while revenue for the half year rose 15 per cent.
REA (ASX:REA) declares higher dividend as revenue rises
February 04, 2022 00:00 - 1000 KB04 Feb 2022 - REA Group (ASX:REA) declared a higher dividend after reporting a strong increase in revenue for the first six months of the financial year despite Covid lockdowns.
Chorus (ASX:CNU) signs new service contracts
February 03, 2022 23:40 - 1000 KB04 Feb 2022 - Chorus (ASX:CNU) has signed new agreements with existing service providers Downer and UCG for its copper and fibre network.
Stocks of the Hour: Westpac, Nick Scali
February 03, 2022 00:55 - 52 seconds - 1000 KB03 Feb 2022 - A snapshot of the stocks on the move featuring Westpac (ASX:WBC) and Nick Scali (ASX:NCK)
Challenger (ASX:CGF) sells 30% stake in Whitehelm Capital
February 02, 2022 02:00 - 1000 KB02 Feb 2022 - Challenger (ASX:CGF) has sold its 30 per cent stake in Fidante Partners infrastructure affiliate manager Whitehelm Capital to PATRIZIA for $50 million.
Sandfire (ASX:SFR) completes MATSA acquisition in Spain
February 02, 2022 00:38 - 1000 KB02 Feb 2022 - Sandfire Resources (ASX:SFR) has completed its acquisition of the MATSA mining complex in south-western Spain.
Amcor (ASX:AMC) confirms full-year guidance
February 02, 2022 00:38 - 1000 KB02 Feb 2022 - Amcor (ASX:AMC) has confirmed its full-year guidance after a strong first half which saw earnings and sales rise, while also announcing an expansion of its share repurchases.
Telstra (ASX:TLS) to invest $1.6b in two telecom projects
February 02, 2022 00:35 - 1000 KB02 Feb 2022 - Telstra (ASX:TLS) plans to invest between $1.4 billion and $1.6 billion over the next five years in two major telecommunications infrastructure projects.
Stocks of the Hour: Telstra, Amcor & Sandfire Resources
February 02, 2022 00:30 - 1 minute - 1000 KB02 Feb 2022 - A snapshot of the stocks on the move featuring Telstra (ASX:TLS), Amcor (ASX:AMC) & Sandfire Resources (ASX:SFR).
Bendigo (ASX:BEN) combines rural and business bank
February 01, 2022 03:10 - 1000 KB01 Feb 2022 - Bendigo and Adelaide Bank (ASX:BEN) will combine its business and rural businesses into a single division to streamline focus on gathering deposits and lending into the ultra-competitive SME market.
Humm (ASX:HUM) continues talks with Latitude on potential sale
February 01, 2022 02:50 - 1000 KB01 Feb 2022 - Humm Group (ASX:HUM) are still in talks with Latitude Financial about the potential sale of Humm's BNPL, installment and credit card operations.
Healius (ASX:HLS) completes acquisition of Agilex Biolabs
February 01, 2022 01:15 - 1000 KB01 Feb 2022 - Healius (ASX:HLS) has completed the acquisition of all of the issued capital of bioanalytical firm Agilex Biolabs, which is valued at $301.3 million.
Boral (ASX:BLD) unveils plan to return $3b to shareholders
February 01, 2022 00:58 - 1000 KB01 Feb 2022 - Building business Boral (ASX:BLD) has announced a $3 billion return of surplus capital to shareholders following the sale its UK and Australian divestments.
Ramsay (ASX:RHC) completes $1.4b deal to buy Elysium Healthcare
February 01, 2022 00:40 - 1000 KB01 Feb 2022 - Ramsay Health Care (ASX: RHC) has completed its $1.4 billion purchase of UK-based mental healthcare provider Elysium Healthcare, announced in December.
Credit Corp (ASX:CCP) upgrades guidance after profit surge
February 01, 2022 00:32 - 1000 KB01 Feb 2022 - Credit Corp (ASX:CCP) has upgraded its guidance after a strong first half result, driven by a step up in US purchased debt ledger (PDL) and its acquisition of Radio Rentals.
Stocks of the Hour: Credit Corp, Ramsay Health Care & Boral
February 01, 2022 00:15 - 1 minute - 1000 KB01 Feb 2022 - A snapshot of the stocks on the move featuring Credit Corp (ASX:CCP), Ramsay Health Care (ASX:RHC) & Boral (ASX:BLD).
ARB's (ASX:ARB) first-half revenue rises 27%
January 31, 2022 03:05 - 1000 KB31 Jan 2022 - ARB (ASX:ARB) reported an increase in revenue in its unaudited preliminary results for the first half of financial year 2022 despite Covid-19 challenges.
Perseus Mining (ASX:PRU) acquires 15% stake in Orca Gold
January 31, 2022 02:30 - 1000 KB31 Jan 2022 - Perseus Mining (ASX:PRU) has acquired a 15 per cent interest in African gold developer Orca Gold from Resolute Mining for $19.6 million.
Nearmap (ASX:NEA) appoints new Chief Financial Officer
January 31, 2022 00:55 - 1000 KB31 Jan 2022 - Nearmap (NEA:ASX) has appointed Penny Diamantakiou as chief financial officer effective from today.
NEXTDC (ASX:NXT) increases customer utilisation
January 31, 2022 00:54 - 1000 KB31 Jan 2022 - NEXTDC (ASX:NXT) has increased contract utilisation by 5.5 megawatts since June 30 last year following increased customer wins.
Ansell (ASX:ANN) downgrades FY22 guidance
January 31, 2022 00:50 - 1000 KB31 Jan 2022 - Ansell (ASX:ANN) has downgraded its guidance for the 2022 financial year after a weaker than expected first half performance.
Stocks of the Hour: Ansell, NEXTDC & Nearmap
January 31, 2022 00:00 - 1 minute - 1000 KB31 Jan 2022 - A snapshot of the stocks on the move featuring Ansell (ASX:ANN), NEXTDC (ASX:NXT) & Nearmap (ASX:NEA).
Imugene (ASX:IMU) reports on two vaccines
January 28, 2022 02:50 - 1000 KB28 Jan 2022 - Bio-tech company Imugene (ASX:IMU) has made two announcements today regarding its HER-Vaxx and PD1-Vaxx.
ResMed (ASX:RMD) revenue up 12% despite supply chain costs
January 28, 2022 00:35 - 1000 KB28 Jan 2022 - ResMed (ASX:RMD) increased its revenue by 12% in the December quarter driven by high demand for its sleep and respiratory care products.
PointsBet (ASX:PBH) reports $51.8 million operating loss
January 28, 2022 00:35 - 1000 KB28 Jan 2022 - PointsBet (ASX:PBH) reported an operating loss of $51.8 million in the December quarter, with revenue at $90.4 million.
Stocks of the Hour: ResMed, Newcrest Mining & PointsBet
January 28, 2022 00:30 - 1 minute - 1000 KB28 Jan 2022 - A snapshot of the stocks on the move featuring ResMed (ASX:RMD), Newcrest Mining (ASX:NCM) & PointsBet (ASX:PBH).
Newcrest (ASX:NCM) on track to deliver FY22 guidance
January 28, 2022 00:25 - 1000 KB28 Jan 2022 - Newcrest Mining said its gold production climbed 10 per cent in the December quarter mainly driven by higher mill throughput rates. The gold miner said they are on track to deliver its financial year 2022 production guidance of between 1800 and 2000/koz of gold.
Stocks of the Hour: Zip Co, Premier Investments, Kogan
January 27, 2022 00:25 - 1 minute - 1000 KB27 Jan 2022 - A snapshot of the stocks on the move featuring Zip Co (ASX:Z1P), Premier Investments (ASX:PMV) and Kogan (ASX:KGN).
Codan's (ASX:CDA) first-half sales rise 32%
January 25, 2022 04:25 - 1000 KB25 Jan 2022 - Metal detection and mining technology company Codan (ASX:CDA) has lifted sales in the first half of financial year 2022 despite global shortages of electronic components and supply chain disruptions.
Beach Energy (ASX:BPT) grows revenue despite production fall
January 25, 2022 03:15 - 1000 KB25 Jan 2022 - Beach Energy (ASX:BPT) reported 5.3 million barrels of oil equivalent, down 7 per cent from the prior quarter, due to a combination of natural field declines and maintenance.
Fortescue (ASX:FMG) reports record half year shipments
January 25, 2022 02:15 - 1000 KB25 Jan 2022 - Fortescue Metals Group (ASX:FMG) shipped 47.5 million tonnes of iron ore in the first half of FY22, marking a 3 per cent increase from the corresponding period and a record for a half year.
Omicron hits Myer (ASX:MYR) post Xmas despite strong sales prior
January 25, 2022 02:05 - 1000 KB25 Jan 2022 - Myer (ASX:MYR) reported an increase in total sales thanks to a strong demand in the lead up to Christmas while Covid-19 hit sales after Christmas.
Novonix (ASX:NVX) intends to acquire 5% stake in KORE Power
January 25, 2022 00:00 - 1000 KB25 Jan 2022 - Novonix (ASX:NVX) is committed to entering investment and supply agreements with KORE Power as part of an ongoing joint effort to strengthen the North American battery supply chain.
Zip Co (ASX:Z1P) in discussions for Sezzle acquisition
January 25, 2022 00:00 - 1000 KB25 Jan 2022 - Zip Co (ASX:Z1P) has confirmed it is in discussions with US fintech Sezzle regarding a potential acquisition.
Auckland Airport (ASX:AIA) announces delay on first price reset
January 24, 2022 23:55 - 1000 KB25 Jan 2022 - Auckland Airport (ASX:AIA) has announced a 12-month delay on the first price reset in response to uncertainty in the aviation market amid the pandemic.
Stocks of the Hour: Auckland Airport, Novonix & Zip Co
January 24, 2022 23:35 - 1 minute - 1000 KB25 Jan 2022 - A snapshot of the stocks on the move featuring Auckland Airport (ASX:AIA), Novonix (ASX:NVX), Zip Co (ASX:Z1P).
Nib (ASX:NHF) defers premium increases to provide financial relief
January 24, 2022 05:08 - 1000 KB24 Jan 2022 - Health insurer nib Holdings (ASX:NHF) will postpone increasing health insurance premiums for its Australian resident health insurance members until September 1, to provide financial relief for its members during the pandemic.