Latest Company News - Finance News Network
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Uniti (ASX:UWL) receives multiple acquisition approaches
January 24, 2022 03:15 - 1000 KB24 Jan 2022 - Uniti (ASX:UWL) has received approaches from more than one party indicating potential interest in an acquisition of the company.
Regis Resources (ASX:RRL) lowers production guidance
January 24, 2022 02:47 - 1000 KB24 Jan 2022 - Regis Resources (ASX:RRL) has lowered its full year production guidance after a geotechnical incident involving a wall slip at its Rosemont main pit.
Fortescue (ASX:FMG) to acquire UK Williams Advanced Engineering
January 24, 2022 00:15 - 1000 KB24 Jan 2022 - Fortescue Metals (ASX:FMG) is set to acquire UK-based Williams Advanced Engineering (WAE) for around $309.7 million.
Adairs' (ASX:ADH) sales hit by store closures & higher costs
January 24, 2022 00:10 - 1000 KB24 Jan 2022 - Mandated store closures from Covid-19 have led Adair’s (ASX:ADH) group sales to be impacted in the first half of the financial year.
Aristocrat (ASX:ALL) on track to acquire Playtech
January 23, 2022 23:55 - 1000 KB24 Jan 2022 - The rival bidder facing Aristocrat Leisure’s (ASX:ALL) bid for British gambling software group Playtech has left the table.
Stocks of the Hour: Aristocrat, Adairs & Fortescue Metals
January 23, 2022 23:30 - 1 minute - 1000 KB24 Jan 2022 - A snapshot of the stocks on the move featuring Aristocrat (ASX:ALL), Adairs (ASX:ADH) & Fortescue Metals (ASX:FMG).
Pretium shareholders approve acquisition by Newcrest Mining (ASX:NCM)
January 21, 2022 03:13 - 1000 KB21 Jan 2022 - Newcrest Mining’s (ASX:NCM) acquisition of Pretium Resources was approved by 95.48 per cent of the votes cast by Pretium shareholders.
Nufarm (ASX:NUF) raises US$350m to repay debt
January 21, 2022 01:25 - 1000 KB21 Jan 2022 - Chemical manufacturer Nufarm (ASX:NUF) has raised $US350 million in bonds maturing in 2030 to refinance debt.
Virtus Health (ASX:VRT) welcomes Victoria's IVF backdown
January 21, 2022 00:19 - 1000 KB21 Jan 2022 - Virtus Health (ASX:VRT) welcomes yesterday’s announcement from the Victorian Government after listening to the many people impacted by the suspension of IVF procedures in Victoria.
Legal fees haunt Nuix (ASX:NXL) earnings with revenue to fall
January 21, 2022 00:12 - 1000 KB21 Jan 2022 - Legal costs have haunted software firm Nuix (ASX:NXL), which expects to report a substantial fall in earnings for the first half of financial year 2022.
Heavy rain weighs on Whitehaven's (ASX:WHC) full year production targets
January 21, 2022 00:02 - 1000 KB21 Jan 2022 - Whitehaven Coal (ASX:WHC) felt the impact of heavy rain across the east side of the nation, while labour shortages also weighed on operations and road access.
Stocks of the Hour: Whitehaven Coal, Nuix, Virtus Health
January 20, 2022 23:24 - 1 minute - 1000 KB21 Jan 2022 - A snapshot of the stocks on the move featuring Whitehaven Coal (ASX:WHC), Nuix (ASX:NXL), & Virtus Health (ASX:VRT).
Santos' (ASX:STO) record year buoyed by strong prices & volumes
January 19, 2022 23:40 - 1000 KB20 Jan 2022 - Energy giant Santos (ASX:STO) posted a 66% jump in its Q4 sales revenue, boosted by strong commodity prices and volumes amid the northern hemisphere battling out a cold Winter.
Stocks of the Hour: Santos, Northern Star, Netwealth
January 19, 2022 23:38 - 57 seconds - 1000 KB20 Jan 2022 - A snapshot of the stocks on the move featuring Santos (ASX:STO), Northern Star (ASX:NST), and Netwealth (ASX:NWL).
BKI Investment (ASX:BKI) doubles earnings after dividend rebound
January 19, 2022 04:15 - 1000 KB19 Jan 2022 - BKI Investment (ASX:BKI) has doubled its operating profits after tax for the half year to December and increased its dividend by 75 per cent.
BrainChip (ASX:BRN) receives new US patent
January 19, 2022 03:55 - 1000 KB19 Jan 2022 - Global software company BrainChip (ASX:BRN) has been granted its eighth US patent.
HUB24 (ASX:HUB) reports record net inflows
January 19, 2022 03:29 - 1000 KB19 Jan 2022 - HUB24 (ASX:HUB) delivered record platform net inflows of $3.6 billion in the December quarter, pushing its total assets under advisement to $68.3 billion.
BHP (ASX:BHP) shrugs off labour shortages for record quarterly shipments
January 18, 2022 23:45 - 1000 KB19 Jan 2022 - Mining giant BHP (ASX:BHP) has lifted shipments in the December quarter to near-record levels. The output came as BHP ramped up production from its new South Flank mine offsetting impacts from bad weather, labour shortage, and major maintenance programs.
Lynas Rare Earths' (ASX:LYC) record revenue boosted by strong demand
January 18, 2022 23:45 - 1000 KB19 Jan 2022 - Lynas Rare Earths (ASX:LYC) posted record sales for the December quarter despite the pandemic-led challenges. Demand for metals used in electric vehicles grew as the pursuit continues to reduce carbon emissions. The miner posted a 67 per cent boost to $202.7 million in sales, up from $121.6 million.
Business needs for IT solutions boost Megaport's (ASX:MP1) revenue
January 18, 2022 23:40 - 1000 KB19 Jan 2022 - Long-term deal commitments helped Megaport (ASX:MP1) post a 8 per cent jump in revenue for the December quarter to $26.6 million, compared to the prior period.
Stocks of the Hour: BHP, Lynas Rare Earths, Megaport
January 18, 2022 23:32 - 1 minute - 1000 KB19 Jan 2022 - A snapshot of the stocks on the move featuring BHP,(ASX:BHP), Lynas Rare Earths (ASX:LYC), Megaport (ASX:MP1).
Cimic's (ASX:CIM) CPB wins $100m contract from BHP
January 18, 2022 04:50 - 1000 KB18 Jan 2022 - BHP (ASX:BHP) has selected Cimic’s (ASX:CIM) CPB Contractors to deliver work at the port de-bottlenecking project in Western Australia.
Ampol (ASX:ALD) reports improved margins at Lytton Refinery
January 18, 2022 03:12 - 1000 KB18 Jan 2022 - Ampol’s (ASX:ALD) Lytton Refinery experienced improved refiner margins in the final quarter of 2021 as supply and demand fundamentals improved.
Redbubble's (ASX:RBL) mask sales not enough to boost revenue growth
January 18, 2022 01:59 - 1000 KB18 Jan 2022 - Redbubble (ASX:RBL) flagged in previous outlook statements that investors should expect negative growth due to the cycling of strong prior years, particularly in mask sales. Today they’ve given the same warning.
Rio Tinto's (ASX:RIO) output fall blamed on skill shortage & bad weather
January 18, 2022 00:14 - 1000 KB18 Jan 2022 - Rio Tinto (ASX:RIO) has been plagued by a fall in shipments and production over the year that has been attributed to a skills shortage. However, financial year 2022 guidance was broadly in line.
JB Hi-Fi's (ASX:JBH) online sales not enough to boost profit
January 18, 2022 00:12 - 1000 KB18 Jan 2022 - Online sales in JB Hi Fi (ASX:JBB) soared 62.6% last year to $1.1 billion, representing 22.7% of total sales. However, for the 6 months to December, net profit after tax is set to fall by 9.4%.
Stocks of the Hour: Redbubble, Rio Tinto & JB Hi-Fi
January 17, 2022 23:47 - 1 minute - 1000 KB18 Jan 2022 - A snapshot of the stocks on the move, featuring Redbubble (ASX:RBL), Rio Tinto (ASX:RIO) & JB Hi-Fi (ASX:JBH).
Pendal (ASX:PDL) appoints new Chairman
January 17, 2022 05:00 - 1000 KB17 Jan 2022 - Investment manager Pendal (ASX:PDL) has appointed current director Deborah Page as chairman following the retirement of James Evans.
Covid disruptions weigh on Wesfarmers' (ASX:WES) sales
January 17, 2022 04:45 - 1000 KB17 Jan 2022 - Wesfarmers (ASX:WES) expects a first half after tax profit of between $1.18 billion and $1.24 billion for the six months ended December, in line with consensus expectations.
Centuria Industrial REIT (ASX:CIP) buys six industrial assets
January 17, 2022 03:47 - 1000 KB17 Jan 2022 - Centuria Industrial REIT (ASX:CIP) has acquired six industrial assets across Australia’s eastern seaboard with a combined value of $132.4 million.
Adbri (ASX:ABC) extends quicklime supply with Aloca
January 17, 2022 01:25 - 1000 KB17 Jan 2022 - Adbri’s (ASX:ABC) Cockburn Cement business has extended its agreement with Aloca to supply quicklime for another year to January 2023.
Praemium (ASX:PPS) celebrates second highest net inflows
January 17, 2022 01:20 - 1000 KB17 Jan 2022 - Praemium (ASX:PPS) is celebrating its second highest number of net inflows in the December quarter.
South32 (ASX:S32) moves one step closer in Hermosa Project
January 17, 2022 01:10 - 1000 KB17 Jan 2022 - South32 (ASX:S32) is one step closer to developing its Hermosa project in Arizona, USA after a pre-feasibility study.
Stocks of the Hour: Adbri, Praemium & South32
January 17, 2022 01:05 - 1 minute - 1000 KB17 Jan 2022 - A snapshot of the stocks on the move, featuring Adbri (ASX:ABC), Praemium, (ASX:PPS) & South32 (ASX:S32).
Star's entities (ASX:SGR) also under Austrac's investigation
January 14, 2022 03:46 - 1000 KB14 Jan 2022 - The Star Entertainment (ASX:SGR) said Austrac has expanded the scope of investigation regarding previous allegations to other entities within the company.
Pendal (ASX:PDL) slumps on FUM fall in Q4
January 14, 2022 03:10 - 1000 KB14 Jan 2022 - Fund manager Pendal (ASX:PDL) saw a 2.5 per cent fall in funds under management during a “disappointing” December quarter.
Pause on NSW elective surgery weighs on Virtus Health's (ASX:VRT) financial outcome
January 14, 2022 01:50 - 1000 KB14 Jan 2022 - Due to the NSW Government suspending all non-elective surgery from January 10, Virtus Health (ASX:VRT) are unable to quantify the financial impact.
Michael Hill (ASX:MHJ) posts "significant" earnings growth for 1H FY22
January 14, 2022 01:35 - 1000 KB14 Jan 2022 - Michael Hill (ASX:MHJ) delivered record Christmas results despite the company dealing with store closures due to the rapid spread of Covid-19.
City Chic (ASX:CCX) buoys balance sheet with higher inventory
January 14, 2022 01:20 - 1000 KB14 Jan 2022 - City Chic (ASX:CCX) has seen revenue growth despite supply chain issues and labour shortages due to the pandemic in the half year to December last year.
Stocks of the Hour: City Chic, Michael Hill & Virtus Health
January 13, 2022 23:50 - 1 minute - 1000 KB14 Jan 2022 - A snapshot of the stocks on the move featuring City Chic (ASX:CCX), Michael Hill (ASX:MHJ), Virtus Health (ASX:VRT).
Stocks of the Hour: Crown, BWX, Objective Corporation
January 13, 2022 00:16 - 1 minute - 1000 KB13 Jan 2022 - A snapshot of the stocks on the move featuring Crown (ASX:CWN), BWX (ASX:BWX), and Objective Corporation (ASX:OCL).
OZ Minerals (ASX:OZL) expands its leadership team
January 12, 2022 04:00 - 1000 KB12 Jan 2022 - OZ Minerals (ASX:OZL) has finalised several new roles on its executive leadership team. The mining company has named Matt Reed as operations executive. Matt holds over 25 years experience in the mining industry, and most recently worked at SIMEC Mining before joining OZ in September.
Irongate (ASX:IAP) rejects revised bid from 360 Capital
January 12, 2022 03:52 - 1000 KB12 Jan 2022 - Irongate (ASX:IAP) has rejected the latest takeover offer from 360 Capital to acquire all shares in the real estate group.
Lithium Power (ASX:LPI) reveals plans to spin-off WA lithium assets
January 12, 2022 00:15 - 1000 KB12 Jan 2022 - Lithium Power (ASX:LPI) has revealed its plans to spin off its Western Australian hard rock lithium in the next 6 months.
Liontown Resources (ASX:LTR) inks deal with LG Energy
January 11, 2022 23:49 - 1000 KB12 Jan 2022 - Lithium player Liontown Resources (ASX:LTR) has unveiled its latest deal with South Korean-based LG Energy Solution to supply up to 150,000 dry metric tonnes per annum of spodumene concentrate, an ingredient to make batteries for electric vehicles.
Stocks of the Hour: Afterpay, Liontown Resources, Lithium Power
January 11, 2022 23:44 - 57 seconds - 1000 KB12 Jan 2022 - A snapshot of the stocks on the move featuring Afterpay (ASX:APT), Liontown Resources (ASX:LTR) and Lithium Power (ASX:LPI).
Afterpay's (ASX:APT) deal cleared by Spanish bank
January 11, 2022 23:20 - 1000 KB12 Jan 2022 - The Bank of Spain has given their tick of approval for Block’s takeover of Aussie buy now pay later darling, Afterpay (ASX:APT).
Vulcan Energy (ASX:VUL) signs deal with Nobian
January 11, 2022 03:52 - 1000 KB11 January 2022 - Vulcan Energy (ASX:VUL) has signed an agreement with European chemical producer Nobian for the development of a lithium plant.
PointsBet (ASX:PBH) partners up with NHL Alumni in USA
January 11, 2022 02:15 - 1000 KB11 Jan 2022 - Online wagering giant PointsBet (ASX:PBH) has joined the NHL Alumni Association (NHLAA) as their exclusive sports betting partner in Canada and official partner in the US.
Polynovo's (ASX:PNV) patchy global sales counter strong US growth
January 11, 2022 01:00 - 1000 KB11 Jan 2022 - Global sales in biotech giant PolyNovo (ASX:PNV) have surged 45% to $16.3 million from a year ago, led by encouraging sales in the US while global sales were described as "patchy".