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Cimic's UGL (ASX:CIM) secures $135m in contracts
October 11, 2021 04:17 - 1000 KB11 Oct 2021 - Cimic’s subsidiary UGL (ASX:CIM) has secured contracts in the resources and utilities sectors totalling $135m in revenue. The engineering company will provide maintenance, projects and turnaround services for existing client Viva Energy in Victoria over a two-year period.
Suncorp (ASX:SUN) & IAG (ASX:IAG) battle business claims
October 11, 2021 03:07 - 1000 KB11 Oct 2021 - Major insurers Suncorp (ASX:SUN) and Insurance Australia (ASX:IAG) have both provided updates on their “business interruption” cases, in relation to the Covid-19 pandemic.
The Star (ASX:SGR) to address allegations
October 11, 2021 00:35 - 1000 KB11 Oct 2021 - Casino operator Star Entertainment (ASX:SGR) has responded to recent media reports, claiming that a number of allegations made against them are “misleading”. The board of Star said they will take the appropriate steps to address all allegations, from money laundering and large scale fraud, with relevant state and federal regulators and authorities.
Ampol (ASX:ALD) wins Z Energy takeover deal
October 10, 2021 23:35 - 1000 KB11 Oct 2021 - Australian petroleum giant Ampol (ASX:ALD) has finally won over its deal to acquire New Zealand’s Z Energy (ASX:ZEL), after months of take-over talks. Under the binding agreement, Ampol will acquire 100 per cent of Z Energy shares at NZ $3.78 per share.
Stocks of the Hour: Woolworths, Metcash & Sims
October 08, 2021 04:45 - 1 minute - 1000 KB08 Oct 2021 - A snapshot of the stocks on the move, featuring Woolworths (ASX:WOW), Metcash (ASX:MTS) & Sims (ASX:SGM).
Sims (ASX:SGM) appoints Victoria Binns as non-executive director
October 08, 2021 03:21 - 1000 KB08 Oct 2021 - Recycling company Sims (ASX:SGM) has appointed Victoria Binns as an independent non-executive director, following the retirement of Jim Thompson. Ms Binns is a non-executive director of two ASX-listed companies, Cooper Energy and Evolution Mining.
Metcash (ASX:MTS) to execute CEO transition
October 08, 2021 00:30 - 1000 KB08 Oct 2021 - Metcash (ASX:MTS) will welcome Doug Jones from Massmart Wholesale to take over Jeff Adams role as CEO. The wholesaler and marketing company were aware of Jeff’s intentions to retire in 2022 after talking to the board earlier in the year. Jeff joined Metcash in 2017, and since then, has been acknowledged for his strong work ethic towards the business.
Woolworths (ASX:WOW) settles class action on underpayments
October 07, 2021 23:30 - 1000 KB08 Oct 2021 - Woolworths (ASX:WOW) has settled the class action proceedings made against them in 2019, regarding payment shortfalls to its salaried team members. On the basis that the proceedings are stopped, the supermarket giant has paid $370 million in remediation, to general retail industry award (GRIA) covered members in its supermarkets, Metro, BIG W, Dan Murphy’s and BWS businesses from September 2013 to September 2019.
Stocks of the Hour: Qube, Collins Foods & Wesfarmers
October 07, 2021 05:45 - 1 minute - 1000 KB07 Oct 2021 - A snapshot of the stocks on the move, featuring Qube (ASX:QUB), Collins Foods (ASX:CKF) & Wesfarmers (ASX:WES).
Wesfarmers (ASX:WES) blocks out Sigma bid after snapping up Soul Patts stake in API
October 07, 2021 04:00 - 1000 KB07 Oct 2021 - Wesfarmers (ASX:WES) snapped up their 19.3% share in Priceline owner Australian Pharmaceutical Industries (ASX:API) in a bid to block out the owner behind the Amcal and Guardian brands, Sigma (ASX:SIG).
Collins Foods (ASX:CKF) inks 10-yr deal to expand Dutch KFC stores
October 07, 2021 03:20 - 1000 KB07 Oct 2021 - Restaurant group Collins Foods (ASX:CKF) has inked a deal to run KFC in the Netherlands over the next decade with Yum! Brands.
Retail giant Target teams up with Sezzle (ASX:SZL)
October 07, 2021 03:00 - 1000 KB07 Oct 2021 - Wall St-listed Target tapped Sezzle (ASX:SZL) on the shoulder to partner with the retail giant to provide shoppers in the U.S the ability to buy-now and pay-later with Nasdaq-listed rival Affirm.
Qube (ASX:QUB) slapped by the ACCC on $90m spending spree
October 07, 2021 02:45 - 1000 KB07 Oct2021 - Logistics service provider Qube (ASX:QUB) has been slapped with an investigation the competition watchdog into the company’s $90 million spending spree to acquire Newcastle Agri Terminal.
Stocks of the Hour: a2 Milk, Magellan & Endeavour
October 06, 2021 04:50 - 1 minute - 1000 KB06 Oct 2021 - A snapshot of the stocks on the move, featuring The a2 Milk Company (ASX:A2M), Magellan Financial Group (ASX:MGF) & Endeavour (ASX:EDV).
Mathieson Jr steps down as hotel CEO for Endeavour (ASX:EDV)
October 06, 2021 04:05 - 1000 KB06 Sep 2021 - The son of investment billionaire Bruce Mathieson has announced he will step down from his role as CEO for Endeavour's (ASX:EDV) hotel division. The Woolworths-owned alcohol retailer, hotel and gambling giant said that Bruce Mathieson Jr will leave his role in December this year in order to pursue other interests.
Stockland (ASX:SGP) appoints Alison Harrop as CFO
October 06, 2021 02:37 - 1000 KB06 Oct 2021 - Australian property giant Stockland (ASX:SGP) has appointed Alison Harrop as chief financial officer after she stepped down as CFO for Dexus Property Group last month. Prior to her six years at Dexus, Alison held senior roles at Macquaire Bank, Australia post and Westpac.
Magellan (ASX:MFG) posts net outflows of $1.5bn
October 06, 2021 00:40 - 1000 KB06 Oct 2021 - Investment giant Magellan (ASX:MFG) have posted net outflows of $1,527 million for the September quater, around 1.3 per cent of average funds under management (FUM). Magellan shares have fallen sharply over the last year, down 27 per cent in the last month. The outflows announced this morning comprised net retail outflows of $617 million and net institutional outflows of $910 million.
Aussie law firm files class action on a2 Milk (ASX:A2M)
October 05, 2021 23:28 - 1000 KB06 Oct 2021 - Law firm Slater and Gordon has filed a class action against the a2 Milk Company (ASX:A2M) on behalf of investors who bought shares over a nine-month period during which the infant formula maker posted four earnings downgrades.
Stocks of the Hour: Contact Energy, Evolution Mining & Infratil
October 05, 2021 05:00 - 1 minute - 1000 KB05 Oct 2021 - A snapshot of the stocks on the move featuring Contact Energy (ASX:CEN), Evolution Mining (ASX:EVN) & Infratil (ASX:IFT)
Woodside awards Worley (ASX:WOR) 2-year contract extension
October 05, 2021 03:40 - 1000 KB05 Oct 2021 - Energy giant Woodside Petroleum (ASX:WPL) has awarded a 2 year extension for Worley’s (ASX:WOR) brownfield engineering services that support the Karratha Gas Plant and Pluto LNG assets in Western Australia. The non-bdining frame agreement was established in 2018 and now includes a further 2 years, with the option to extend.
Worley (ASX:WOR) awarded another 2 years with Woodside
October 05, 2021 03:40 - 1000 KB05 Oct 2021 - Energy giant Woodside Petroleum (ASX:WPL) has awarded a 2 year extension for Worley’s (ASX:WOR) brownfield engineering services that support the Karratha Gas Plant and Pluto LNG assets in Western Australia. The non-bdining frame agreement was established in 2018 and now includes a further 2 years, with the option to extend.
Infratil (ASX:IFT) to buy a 40% stake in UK data business
October 05, 2021 02:30 - 1000 KB05 Oct 2021 - Infrastructure investment company Infratil (ASX:IFT) will buy a 40% stake in the London data centre business Kao Data, in a $224-242 million (£120-130 million) deal. Infratil will obtain a 40 per cent stake alongside current owners, Legal & General Group and Goldacre who each retain a 30 per cent stake.
Evolution Mining (ASX:EVN) to divest Mt Carlton gold mine for up to $90mil
October 04, 2021 23:30 - 1000 KB05 Oct 2021 - Evolution Mining (ASX:EVN) has entered into a binding agreement with Navarre Minerals (ASX:NML) to sell the Mt Carlton gold mine in Queensland for $90 million. The amounts consists of $40 million payable upon the deals completion, comprising a mix of equity and cash.
Contact Energy (ASX:CEN) signs two 10-year electricity deals
October 04, 2021 23:20 - 1000 KB05 Oct 2021 - Contact Energy (ASX:CEN) has inked two new 10-year deals to supply renewable electricity to forestry products manufacturer Pan Pac Forest Products and pulp and paper company Oji Fibre Solutions. Under the agreements with Oji and Pan Pac, the NZ electricity provider will supply both companies with a portion of their electricity requirements through until 2034.
Stocks of the Hour: Adbri, Pro Medicus & Evolution Mining
October 01, 2021 05:45 - 1 minute - 1000 KB01 Oct 2021 - A snapshot of the stocks on the move, featuring Adbri (ASX:ABC), Pro Medicus (ASX:PME) & Evolution Mining (ASX:EVN).
Santos (ASX:STO) to register its $210mil carbon project
October 01, 2021 04:49 - 1000 KB01 Oct 2021 - Energy supplier Santos (ASX:STO) will apply to register its $210 million Moomba CCS project.
Evolution Mining (ASX:EVN) receives gov approval for Cowal project
October 01, 2021 03:32 - 1000 KB01 Oct 2021 - Evolution Mining (ASX:EVN) has been given government approval for its Cowal Gold Operation in NSW.
Pro Medicus (ASX:PME) signs another $40mil deal
October 01, 2021 01:00 - 1000 KB01 Oct 2021 - Medical imaging specialist Pro Medicus (ASX:PME) has inked a $40 million deal with North California health care provider Novant, marking its seventh major US contract in 18 months. The seven year partnership will see Pro Medicus' imaging platform Visage, used at Novant Health to replace the platform they already had.
Adbri (ASX:ABC) acquires Victorian sand quarries in JV with Barro
October 01, 2021 00:10 - 1000 KB01 Oct 2021 - Adelaide based cementer Adbri (ASX:ABC) has signed off on its deal to acquire the sand operations of Metro Quarry Group (MQG) in a 50/50 joint venture with Barro Group. MQG operates two quarries in Melbourne at Lang Lang and Nyora, supplying the local and Melbourne markets with natural sand.
Stocks of the Hour: Zip Co, South32 & Integral Diagnostics
September 30, 2021 06:54 - 1 minute - 1000 KB30 Sep 2021 - A snapshot of the stocks on the move featuring Zip Co (ASX:Z1P), South32 (ASX:S32) & Integral Diagnostics (ASX:IDX).
Integral Diagnostics (ASX:IDX) buys X-Ray Group
September 30, 2021 03:45 - 1000 KB30 Sep 2021 - Medical imaging services Integral Diagnostics (ASX:IDX) has put in a offer to acquire the X-Ray Group for up to $37.5 million.
South32 (ASX:S32) ups Mozal stake for US$250m
September 30, 2021 03:23 - 1000 KB30 Sep 2021 - South32 (ASX:S32) are set to creep up their stake in Mozal Aluminium in Mozambique by 25% to 72.1% for US$250 million. The miner will deplete their US$553 million bank balance as of August to settle the deal.
Zip Co (ASX:Z1P) inks online shopping deal with Microsoft
September 30, 2021 02:55 - 1000 KB30 Sept 2021 - Buy-now pay-later Zip Co (ASX:Z1P) has joined forces with tech-titan Microsoft, as the Wall St-listed software provider is set to integrate the buy-now pay-later’s technology into their shopping experience Microsoft Edge.
Stocks of the Hour: APA, Crown Resorts, Woolworths & Smartgroup
September 29, 2021 05:53 - 1 minute - 1000 KB29 Sep 2021 - A snapshot of the stocks on the move, featuring APA Group (ASX:APA), Crown Resorts (ASX:CWN), Woolworths (ASX:WOW), Smartgroup (ASX:SIQ).
Smartgroup (ASX:SIQ) receives takeover bid from TPG consortium
September 29, 2021 05:11 - 1000 KB29 Sep 2021 - Smartgroup Corporation (ASX:SIQ) has received a buy-out proposal from a consortium comprising investment firms, TPG Global and Potentia Capital.
Woolworths (ASX:WOW) to implement $700mil sustainability bonds
September 29, 2021 04:10 - 1000 KB29 Sep 2021 - Supermarket giant Woolworths (ASX:WOW) has committed to $700 million in bonds to further its sustainability goals. Woolworths set $350 million on six year notes and the other $350 million on ten year notes, both under its medium term note program.
Crown Resorts (ASX:CWN) appoints Anne Ward as a director
September 29, 2021 01:27 - 1000 KB29 Sep 2021 - Gambling and entertainment giant Crown Resorts (ASX:CWN) has appointed Anne Ward as their new non-executive director. Mrs Ward is currently chair of the e-commerce group Redbubble (ASX:RBL) and Magellan Financial Group (ASX:MFG), and a council member at RMIT university.
APA's (ASX:APA) bid to AusNet still stands
September 29, 2021 01:20 - 1000 KB29 Sep 2021 - APA Group (ASX:APA) has been given an extension on its superior proposal to the energy giant AusNet (ASX:AST) following their non-binding takeover bid last week.The news comes after the energy infrastructure business made an offer to acquire all shares in AusNet for $2.60 per share, a day after they opened their books to the global infrastructure investor Brookfield, who proposed a $9.6 billion take-over bid at $2.50 per share.
Stocks of the Hour: Origin Energy, nib, Domino's & Growthpoint Properties
September 28, 2021 06:00 - 1 minute - 1000 KB28 Sep 2021 - A snapshot of the stocks on the move featuring Origin Energy (ASX:ORG), nib (ASX:NHF), Domino's (ASX:DMP) & Growthpoint Properties (ASX:GOZ).
Growthpoint (ASX:GOZ) to invest over $50mil in APN Industria REIT
September 28, 2021 04:52 - 1000 KB28 Sep 2021 - Growthpoint Properties (ASX:GOZ) is set to invest $50.87 million into APN Industria REIT (ASX: ADI) in order to maintain its 14.5 per cent stake in the real estate investment trust. The property investment group plans to acquire 14.74 million shares at $3.45 per share, while using existing debt facilities to fund the acquisition.
Domino's (ASX:DMP) shakes up its leadership team
September 28, 2021 04:27 - 1000 KB28 Sep 2021 - Global pizza chain Domino's (ASX:DMP) has shaken up its regional leadership team, following the resignation of longstanding Australian and New Zealand CEO Nick Knight. Mr Knight, who started at Domino's as a teenager 30 years ago, said he believes it is time to hand over his position to a “new custodian”, which will be current franchisee and former Domino’s Netherlands chief operating officer David Burness.
nib (ASX:NHF) pauses travel insurance in Aus & NZ
September 28, 2021 01:05 - 1000 KB28 Sep 2021 - Health insurer nib (ASX: NHF) has put a hold on travel insurance sales to Australian and New Zealand residents across all its brands from next month as travel restrictions still linger. nib plan to refresh its current underwriting arrangements to work with the Covid-19 restrictions in play. nib travel has been pursuing arrangements across its domestic and international markets to ensure they are “cost effective and support future growth ambitions.
Origin Energy (ASX:ORG) invests $70mil in UK start-up
September 28, 2021 00:30 - 1000 KB28 Sep 2021 - Origin Energy (ASX:ORG) plan to invest an additional $70 million (£38 million) in the UK energy regulator Octopus after generation investment management (GIM) invested $397 million (£211 million) into the company. The deal with GIM values Octopus at more than $5.6 billion (£3 billion), about three times the value Octopus put on itself when Origin bought its original $500 million stake in May last year.
Stocks of the Hour: Ampol, Sigma Healthcare & Synlait Milk
September 27, 2021 06:20 - 1 minute - 1000 KB27 Sep 2021 - A snapshot of the stocks on the move, featuring Ampol (ASX:ALD), Sigma Healthcare (ASX:SIG) & Synlait Milk (ASX:SM1).
Cimic's (ASX:CIM) UGL secures $150mil contract extension
September 27, 2021 05:31 - 1000 KB27 Sep 2021 - Cimic's (ASX:CIM) subsidiary UGL has been awarded a contract extension to provide asset management and project-related services at BP fuel terminals across Australia. The building contractor noted that the extension will generate revenue to UGL of approximately $150 million.
Synlait Milk (ASX:SM1) forecasts robust profitability this year
September 27, 2021 05:14 - 1000 KB27 Sep 2021 - NZ milk powder maker Synlait Milk (ASX:SM1) faced its most challenging year yet after profits fell more than 100% amid the Covid-19 pandemic. Net profit after tax reached $28.5 million for the year ending 31 July 2021, down 138% from the prior year.
Sigma (ASX:SIG) takes on Wesfarmers in rival bid for API
September 27, 2021 01:35 - 1000 KB27 Sep 2021 - Pharmacy wholesaler’s Sigma Healthcare (ASX:SIG) and Australian Pharmaceutical Industries (ASX:API) are in talk about a potential merger, weeks after Wesfarmers (ASX:WES) proposed a take-over bid to API.
Ampol (ASX:ALD) receives 2 weeks extension for Z Energy deal
September 27, 2021 00:20 - 1000 KB27 Sep 2021 - Ampol (ASX:ALD) has been given another 2 weeks to settle its take-over deal with New Zealand’s fuel distribution and retailing company Z Energy (ASX:ZEL).The petroleum giant announced this morning that its 4 week exclusivity period to acquire all shares in Z energy has been extended by a further two weeks
Stocks of the Hour: Westpac, Centuria Industrial REIT & Cochlear
September 24, 2021 05:23 - 1 minute - 1000 KB24 Sep 2021 - A snapshot of the stocks on the move, featuring Westpac (ASX:WBC), Centuria Industrial REIT (ASX:CIP) & Cochlear (ASX:COH).
Novatti (ASX:NOV) & Ripple partnership expands into Thailand
September 24, 2021 04:50 - 1000 KB24 Sep 2021 - Digital banking and payments provider Novatti (ASX:NOV) has expanded its partnership with Ripple by launching RippleNet in Siam Commercial Bank, Thailand.