Latest Company News - Finance News Network
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Link (ASX:LNK) grants Pepper European due diligence
November 17, 2021 02:34 - 1000 KB17 Nov 2021 - Superannuation admin company Link Administration (ASX:LNK) has granted Pepper European Servicing due diligence following Pepper's non-binding proposal to acquire Link’s banking and credit management business.
United Malt (ASX:UMG) earnings fall on FY21 results
November 17, 2021 00:05 - 1000 KB17 Nov 2021 - United Malt (ASX:UMG) reported a fall in earnings for the year ending September 30 primarily due to the impact of Covid-19 restrictions, as well as a grain shortfall in North America.
CBA (ASX:CBA) cash profit jumps 20%
November 16, 2021 23:20 - 1000 KB17 Nov 2021 - Commonwealth Bank (ASX:CBA) recorded cash net profit after tax of $2.2 billion for the September quarter, up 20 per cent on the same period last year but weaker compared to the more recent quarters.
Stocks of the Hour: Imugene, Beach Energy & Woodside Petroleum
November 16, 2021 03:10 - 1 minute - 1000 KB16 Nov 2021 - A snapshot of the stocks on the move, featuring Imugene (ASX:IMU), Beach Energy (ASX:BPT), Woodside Petroleum (ASX:WPL).
G8 Education (ASX:GEM) shakes up its leadership team
November 16, 2021 02:06 - 1000 KB16 Nov 2021 - Childcare services provider G8 Education (ASX:GEM) has shaken up its leadership team following the retirement of chairman and director Mark Johnson. David Foster, former CEO of Suncorp Bank and existing non-executive director for G8 of six years, will replace Mark as chairman for the company.
Woodside's (ASX:WPL) CFO heads to Newcrest (ASX:NCM)
November 16, 2021 02:01 - 1000 KB16 Nov 2021 - Energy giant Woodside Petroleum (ASX:WPL) has announced the resignation of its chief financial officer Sherry Duhe, who will move to Newcrest Mining (ASX:NCM) next year.
Beach Energy (ASX:BPT) appoints acting chief financial officer
November 15, 2021 23:45 - 1000 KB16 Nov 2021 - Beach Energy (ASX:BPT) has appointed Anne-Marie Barbaro as acting chief financial officer following the appointment of Morné Engelbrecht as the acting chief executive officer earlier this month.
Imugene (ASX:IMU) secures deal to evaluate its cancer vaccine
November 15, 2021 23:10 - 1000 KB16 Nov 2021 - Bio-tech company Imugene (ASX: IMU) has announced a new clinical trial supply agreement to evaluate the safety and efficiency of Imugene’s HER-Vaxx, a therapeutic cancer vaccine for the treatment of gastric cancer.
Stocks of the Hour: Incitec Pivot, Woodside Petroleum & Mesoblast
November 15, 2021 04:05 - 1 minute - 1000 KB15 Nov 2021 - A snapshot of the stocks on the move, featuring Incitec Pivot (ASX:IPL), Woodside Petroleum (ASX:WPL) & Mesoblast (ASX:MSB).
Mesoblast (ASX:MSB) presents phase 3 trial results for chronic heart failure
November 15, 2021 03:17 - 1000 KB15 Nov 2021 - Mesoblast (ASX:MSB), a global provider of allogeneic cellular medicines for inflammatory diseases, has announced that results from the randomised controlled Phase 3 trial of rexlemestrocel-L for chronic heart failure with reduced ejection fraction have been presented.
Woodside (ASX:WPL) agrees to sell 49% stake in Pluto Train 2 project
November 15, 2021 00:30 - 1000 KB15 Nov 2021 - Energy giant Woodside Petroleum (ASX:WPL) has agreed to sell a 49 per cent stake in Pluto Train 2 to Global Infrastructure Partners (GIP) after entering into a sale and purchase agreement.
Link (ASX:LNK) to provide Carlyle with due diligence information
November 14, 2021 23:50 - 1000 KB15 Nov 2021 - Superannuation admin industry Link Administration (ASX:LNK) has considered it appropriate to provide Carlyle with due diligence information on a non-exclusive basis in regards to the takeover bid.
Incitec Pivot (ASX:IPL) jumps 91% in profit
November 14, 2021 23:15 - 1000 KB15 Nov 2021 - Incitec Pivot (ASX:IPL) has posted a strong increase in its net profit after tax (NPAT) in the 2021 financial year as its fertilisers business were the beneficiary of the upswing in commodity prices.
Zip (ASX:Z1P) completes acquisition of Twisto
November 12, 2021 03:02 - 1000 KB12 Nov 2021 - Following shareholder approval at the Zip Co (ASX:Z1P) AGM on Thursday, Zip has completed the acquisition of the remaining shares of Prague-based BNPL provider Twisto.
Link (ASX:LNK) receives offer for banking and credit management business
November 12, 2021 01:55 - 1000 KB12 Nov 2021 - Link (ASX:LNK) has received a non-binding indicative proposal for its banking and credit management business for up to $86.5m.
Calix (ASX:CXL) files patent for zero emissions iron and steel
November 12, 2021 01:40 - 1000 KB12 Nov 2021 - Technology company Calix (ASX:CXL) has filed a patent for its "ZESTY" process, covering the production of iron and steel with zero CO2 emissions.
HT&E (ASX:HT1) to acquire Grand Broadcasters for $307.5m
November 12, 2021 00:55 - 1000 KB12 Nov 2021 - Media and entertainment company HT&E (ASX:HT1) will create a new national radio network of 58 stations across 33 markets.
Stocks of the Hour: Xero, Ramsay Health Care, Chalice Mining
November 11, 2021 06:36 - 1 minute - 1000 KB11 Nov 2021 - A snapshot of the stocks on the move featuring Xero (ASX:XRO), Ramsay Health Care (ASX:RHC), and Chalice Mining (ASX:CHN).
Stocks of the Hour: Vicinity Centres, Ingenia Communities & Codan
November 10, 2021 04:48 - 1 minute - 1000 KB10 Nov 2021 - A snapshot of the stocks on the move, featuring Vicinity Centres (ASX:VCX), Ingenia Communities (ASX:INA) & Codan (ASX:CDA).
Codan (ASX:CDA) appoints Alf Ianniello as CEO
November 10, 2021 03:19 - 1000 KB10 Nov 2021 - Metal detection and mining technology company Codan (ASX:CDA) has appointed Alf Ianniello from Detmold as chief executive officer and managing director. Prior to Alf's appointment, he was CEO of the Adelaide-based Detmold Group for 14 years.
Ingenia (ASX:INA) to acquire BIG4 Beacon Resort for $37m
November 10, 2021 00:00 - 1000 KB10 Nov 2021 - Property giant Ingenia Communities (ASX: INA) has exchanged contracts to acquire the Victorian BIG4 Beacon Resort for $37 million. Ingenia said the “multi award winning” resort, located in Bellarine Peninsula cements their presence in Victoria through a flagship community which caters to families, groups, nomads and corporate travellers.
Vicinity Centres (ASX:VCX) remains optimistic as NSW & Victoria reopen
November 09, 2021 23:20 - 1000 KB10 Nov 2021 - Vicinity Centres (ASX:VCX) reported on a challenging September quarter with no earnings guidance for FY22 provided following a significant impact in NSW and Victoria during lockdowns.
Stocks of the Hour: NAB, Crown Resorts & PointsBet
November 09, 2021 04:30 - 1 minute - 1000 KB09 Nov 2021 - A snapshot of the stocks on the move, featuring NAB (ASX:NAB), Crown Resorts (ASX:CWN) & PointsBet (ASX:PBH).
PointsBet (ASX:PBH) in the run for New York licence
November 09, 2021 03:56 - 1000 KB09 Nov 2021 - PointsBet (ASX:PBH) subsidiary PointsBet New York has been recommended by the New York State Gaming Commission to receive a platform provider licence to operate mobile sports wagering in New York.
Crown Sydney (ASX:CWN) appoints Simon McGrath as CEO
November 09, 2021 02:47 - 1000 KB09 Nov 2021 - Crown Resorts (ASX:CWN) has appointed Simon McGrath from Accor Pacific as chief executive officer of Crown Sydney and group head of hospitality. McGrath is expected to commence employment in February next year and will report to Steve McCann, CEO of Crown and managing director.
Newcrest Mining (ASX:NCM) to acquire Pretium Resources
November 09, 2021 00:10 - 1000 KB09 Nov 2021 - Gold miner Newcrest Mining (ASX:NCM) has entered into an agreement to acquire all shares in Pretium Resources that it does not already own by way of a Canadian plan of arrangement.
NAB (ASX:NAB) doubles dividend on profit beat
November 08, 2021 23:25 - 1000 KB09 Nov 2021 - NAB (ASX:NAB) has more than doubled its final dividend after reporting strong earnings results for the 2021 financial year ending September 30. The banking giant’s full-year cash earnings rose 76.8% from the prior year to $6.56 billion, while statutory profit climbed to $6.36 billion.
Stocks of the Hour: Sydney Airport, Wesfarmers & NIB
November 08, 2021 05:40 - 1 minute - 1000 KB08 Nov 2021 - A snapshot of the stocks on the move featuring Sydney Airport (ASX:SYD), Wesfarmers (ASX:WES) & NIB (ASX:NHF).
Gopher approaches Playtech amid Aristocrat's (ASX:ALL) offer
November 08, 2021 04:15 - 1000 KB08 Nov 2021 - Gambling giant Aristocrat Leisure (ASX:ALL) noted that its takeover target Playtech has been approached by Gopher Investments to access information on its due diligence with Aristocrat.
Wesfarmers (ASX:WES) & API enter into scheme implementation deed
November 08, 2021 03:25 - 1000 KB08 Nov 2021 - Wesfarmers (ASX:WES) has entered into a scheme implementation deed with Australian Pharmaceutical Industries (ASX:API) following the completion of due diligence in September.
BHP (ASX:BHP) to divest 80% stake in Mitsui Coal
November 08, 2021 00:40 - 1000 KB08 Nov 2021 - Mining giant BHP (ASX:BHP) has signed an agreement to divest its 80 per cent interest in BHP Mitsui Coal (BMC), an operated metallurgical coal joint venture in Queensland.
NIB (ASX:NHF) to acquire Kiwi Insurance for $43m
November 07, 2021 23:40 - 1000 KB08 Nov 2021 - Health insurer NIB's (ASX: NHF) New Zealand subsidiary, nib NZ has agreed to acquire 100 per cent of shares in Kiwi Insurance for $43 million. Under the transaction, nib NZ will acquire Kiwi Insurance and will also enter an exclusive relationship with Kiwibank, which will see the bank refer its retail customers to nib for their life and living insurance needs.
Sydney Airport (ASX:SYD) is set to land on takeover deal
November 07, 2021 23:20 - 1000 KB08 Nov 2021 - Sydney Airport (ASX:SYD) has agreed to a takeover offer from Sydney Aviation Alliance (SSA) following weeks of negotiations and due diligence. The national airline has entered into a scheme implementation deed with SSA, a consortium made up of IFM Investors, Australian Super and QSuper.
Stocks of the Hour: REA, Link Administration & News Corp
November 05, 2021 04:29 - 1 minute - 1000 KB05 Nov 2021 - A snapshot of the stocks on the move, featuring REA Group (ASX:REA), Link Administration (ASX:LINK) & News Corporation (ASX:NWS).
News Corp (ASX:NWS) surges on positive quarterly results
November 05, 2021 03:28 - 1000 KB05 Nov 2021 - Media giant News Corporation (ASX:NWS) has reported revenue of $2.5 billion for the September quarter, up 18 per cent year-on-year, driven by growth across all segments. News Corp's earnings before interest, tax, depreciation and amortisation rose 53% year-on-year to $410 million.
Link (ASX:LNK) receives non-binding takeover offer from Carlyle
November 05, 2021 00:46 - 1000 KB05 Nov 2021 - Superannuation admin industry Link Administration (ASX: LNK) has received a non-binding takeover proposal from Carlyle Asia Partners, an investment fund managed by the Carlyle Group.
Pendal's (ASX:PDL) profit jumps 41.5%
November 05, 2021 00:06 - 1000 KB05 Nov 2021 - Funds management group Pendal (ASX:PDL) has reported an increase in profit for the 12 months ending 30 September 2021, driven by growth in revenue and funds under management.
REA (ASX:REA) revenue lifts in September quarter
November 04, 2021 23:41 - 1000 KB05 Nov 2021 - Online real estate advertiser REA Group (ASX:REA) has recorded revenue excluding acquisitions of $264 million for the September quarter, up 22% year-on-year, driven by an increase in national listings and free cash flow.
Stocks of the Hour: CSR, Domino's Pizza, Suncorp
November 04, 2021 04:07 - 1 minute - 1000 KB04 Nov 2021 - A snapshot of the stocks on the move featuring CSR (ASX:CSR), Domino's Pizza (ASX:DMP) & Suncorp (ASX:SUN)
Stocks of the Hour: AMP, BHP, Telstra
November 03, 2021 03:55 - 1 minute - 1000 KB03 Nov 2021 - A snapshot of the stocks on the move, featuring AMP (ASX:AMP), BHP (ASX:BHP) & Telstra (ASX:TLS).
Cimic's (ASX:CIM) Thiess renews contract in Indonesia
November 03, 2021 03:26 - 1000 KB03 Nov 2021 - Cimic's (ASX:CIM) subsidiary Thiess has secured a $220 million contract renewal of three years to continue providing mining services at Wahana Baratama Mining’s coal mine in South Kalimantan, Indonesia.
QBE Insurance (ASX:QBE) appoints new people & culture executive
November 03, 2021 03:24 - 1000 KB03 Nov 2021 - Amanda Hughes from QBE Insurance (ASX:QBE) has been appointed group executive of people and culture. Amanda joined QBE in June last year as head of culture, performance and reward. During this time, she led QBE’s culture program and, more recently, her role was expanded to include HR accountability for QBE’s corporate functions.
Telstra (ASX:TLS) renews $1b contract with Department of Defence
November 03, 2021 00:40 - 1000 KB03 Nov 2021 - Telecom giant Telstra (ASX:TLS) has renewed its contract with the Australian Department of Defence, signing a five-year deal worth over $1 billion.
BHP (ASX:BHP) discusses Noront acquisition with Wyloo Metals
November 03, 2021 00:00 - 1000 KB03 Nov 2021 - Mining giant BHP (ASX:BHP) has started talking with billionaire Andrew Forest's Wyloo Metals about the proposed takeover of Canadian nickel miner Noront Resources. Wyloo Metals owns a 37% per cent stake in Noront. Last month, BHP’s subsidiary BHP Lonsdale Investments raised its offer to acquire all shares in Noront from $0.55 to $0.75 per share, outbidding Wyloo’s $0.70 a share proposal.
AMP (ASX:AMP) to exit insurance business on $524m divestment
November 02, 2021 23:14 - 1000 KB03 Nov 2021 - Financial services provider AMP (ASX:AMP) has agreed to divest its 19.13 per cent equity interest in Resolution Life Australasia (RLA) for a consideration of $524 million to Resolution Life Group.
Stocks of the Hour: Computershare, Goodman & Insurance Australia
November 02, 2021 05:09 - 1 minute - 1000 KB02 Nov 2021 - A snapshot of the stocks on the move, featuring Computershare (ASX:CPU), Goodman Group (ASX:GMG) & Insurance Australia Group (ASX:IAG).
Cimic's (ASX:CIM) CPB wins work on $368m Sydney CBD tower
November 02, 2021 04:33 - 1000 KB02 Nov 2021 - Cimic (ASX:CIM) subsidiary CPB Contractors will be the builder of the new 39-storey premium commercial development Parkline Place, located above the north entrance to Sydney Metro’s Pitt Street Station. The contract was awarded by Parkline Place consortium partners Oxford, MEA and Investa and is expected to generate revenue of $368 million for CPB Contractors, according to Cimic.
Insurance Australia (ASX:IAG) revises guidance after severe storms
November 02, 2021 03:40 - 1000 KB02 Nov 2021 - Insurance Australia Group (ASX:IAG) has increased its expectation for financial year 2022 net natural perils claim costs, after severe storm and hail activity experienced over October. With the most recent event, which impacted South Australia, Victoria, and South-East Queensland last week, IAG had received approximately 14,000 claims by 4pm yesterday (November 1) and this number is expected to rise further over coming days.
Goodman Group (ASX:GMG) upgrades FY22 guidance
November 01, 2021 23:40 - 1000 KB02 Nov 2021 - Structural changes and increased customer demand has led the property giant Goodman (ASX:GMG) to up its guidance for the 2022 financial year. Goodman, which is a commercial and industrial property group that owns, develops and manages real estate, said that Covid related disruptions are having less impact than expected on its full year projections.
Computershare (ASX:CPU) completes US acquisition
November 01, 2021 23:20 - 1000 KB02 Nov 2021 - Australian stock transfer company Computershare (ASX: CPU) has completed the purchase of Wells Fargo Corporate Trust Services that was announced in March. Computershare raised over $800 million to fund the US$750 million ($1 billion) acquisition and acquire all assets in the US provider of trust and agency services to government and corporate clients.