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New executive position to boost Woolworth (ASX:WOW)'s green push
June 04, 2021 04:00 - 1000 KB04 Jun 2021 - Grocery retail giant Woolworths (ASX:WOW) has selected Alex Holt to deliver on the company’s vision of becoming an eco-friendly and carbon-positive firm, as the supermarket operator designated the brand new position of “Chief Sustainability Officer” (CSO) to the former general manager of sustainability.
Pandemic takes toll on The Reject Shop (ASX:TRS)'s metropolitan sales
June 04, 2021 01:15 - 1000 KB04 Jun 2021 - Bargain retailer The Reject Shop (ASX:TRS) has downgraded its guidance for annual gross revenue and earnings, citing the impact of the coronavirus pandemic on trading activity.
Centuria (ASX:CNI) declares merger with Primewest unconditional
June 04, 2021 00:15 - 1000 KB04 Jun 2021 - Property powerhouse Centuria Capital Group (ASX:CNI) is set to enter into a merger agreement with real estate manager Primewest (ASX:PWG). The proposed integration of the two major property fund managers promises to form one of the largest ASX-listed real estate investment firms, combining assets under management worth up to $16 billion. Centuria has declared its takeover offer unconditional, following consent from Primewest to waive the minimum acceptance condition.
Rio Tinto (ASX:RIO) appoints former Indigenous Affairs minister to the board
June 03, 2021 22:00 - 1000 KB04 Jun 2021 - Mining giant Rio Tinto (ASX:RIO) has found a new member for the battered board, as Ben Wyatt is set to be instated as the company’s new non-executive director, effective on September 1, 2021. The recruitment of a former Minister of Aboriginal Affairs shows the company’s initiative to improve its standing with the indigenous community, as it attempts to remediate the damage of the Juukan Gorge Caves fiasco.
Stocks of the Hour: Humm Group, Mesoblast, Sezzle, Karoon Energy
June 03, 2021 06:00 - 2 minutes - 1000 KB03 Jun 2021 - Our snapshot of company news making headlines featuring Humm Group (ASX:HUM), Mesoblast (ASX:MSB), Sezzle (ASX:SZL), Karoon Energy (ASX:KAR).
Karoon Energy (ASX:KAR) green-lights subsea tie-in project
June 03, 2021 03:30 - 1000 KB03 Jun 2021 - Global oil and gas explorer Karoon Energy (ASX:KAR) has given the go-ahead to the company’s Patola subsea tie-in project development, estimated at $175 million to $195 million.
Sezzle (ASX:SZL) lands hallmark partnership deal with Target
June 03, 2021 02:00 - 1000 KB03 Jun 2021 - Payment solutions provider Sezzle (ASX:SZL) has inked a three-year deal to host a deferred payments system for renowned retail channel Target’s in-store and e-commerce operations. Under the agreement, Target customers will have the option of paying for products in installments on interest-free financing plans offered by Sezzle.
Mesoblast (ASX:MSB) reports profit dive on rough start with US watchdog
June 03, 2021 01:30 - 1000 KB03 Jun 2021 - Regenerative medicine developer Mesoblast (ASX:MSB) has reported a downturn in earnings, as revenue plunged during the three months ended 31 March this year.
Humm Group (ASX:HUM) launches digital BNPL card
June 03, 2021 00:15 - 1000 KB03 May 2021 - Digital financier Humm Group (ASX:HUM) has upped its contactless payment game, following the introduction of the company’s digital card Humm TAPP as an instant and effortless gateway to buy-now-pay-later (BNPL) services.
Stocks of the Hour: Bubs, South32, Codan & Vocus Group
June 02, 2021 06:10 - 2 minutes - 1000 KB02 Jun 2021 - Our snapshot of company news making headlines for the hour, featuring South32 (ASX:S32), Codan (ASX:CDA), Vocus Group (ASX:VOC) & Bubs Australia (ASX:BUB).
Woolworths (ASX:WOW) announces payment solutions spin-off
June 02, 2021 05:50 - 1000 KB02 June 2021 - Supermarket operator Woolworths has spun out its internal payments division as a separate payment solutions entity called Wpay.
Vocus (ASX:VOC) slapped with $2.5m fine for bandwidth testing mishaps
June 02, 2021 03:15 - 1000 KB02 Jun 2021 - The Australian Competition and Consumer Commission (ACCC) has dealt a regulatory blow to telco services provider Vocus Group (ASX:VOC), serving the company’s subsidiaries Dodo and iPrimus a $2.5 million penalty for false advertising.
Codan (ASX:CDA) to divest Minetec to Caterpillar
June 02, 2021 01:30 - 1000 KB02 Jun 2021 - Metal detection and radio technology developer Codan (ASX:CDA) has told investors the company intends to offload its mining-focused tracking division Minetec to Caterpillar.The transaction is comprised of an upfront consideration of an estimated $18 million and a deferred consideration subject to volume milestones for a five-year period.
South32 (ASX:S32) farewells thermal coal business
June 02, 2021 00:15 - 1000 KB02 Jun 2021 - Eclectic mining heavyweight South32 (ASX:S32) has finally severed ties with thermal coal, following the completed sale of the company’s last coal business. The Perth-based miner has announced its divestment of the company’s interest in South Africa Energy Coal to a consortium led by Seriti Resources for approximately $9.4 million.
China's birth policy lifts demand for Bubs' (ASX:BUB) baby formula
June 01, 2021 23:00 - 1000 KB02 June 2021 - Baby and children’s supplement manufacturer Bubs Australia (ASX:BUB) reported a dramatic 22 per cent increase in its share price yesterday, prompting market operator the ASX to approach the company for a justification. The infant formula producer has associated the price surge with no other reason but China’s new population strategy of encouraging families to have three children, boosting demand for Australian baby formula and other children-related supplements.
Infomedia (ASX:IFM) finalises acquisition of SimplePart
June 01, 2021 05:30 - 1000 KB01 June 2021 - Software solutions provider Infomedia (ASX:IFM) has finalised the purchase of US-domiciled e-commerce specialist SimplePart
Starpharma (ASX:SPL)'s nasal spray achieves 98% efficacy against COVID-19
June 01, 2021 04:30 - 1000 KB01 June 2021 - Biopharmaceutical company Starpharma (ASX:SPL) claims the company’s nasal spray product is a highly efficacious means of protection from the UK variant of the coronavirus. The $721 million biotech firm has released test results from the Scripps Research Institute, indicating an efficacy rate of 98 per cent in preventing the virus in active mode.
Nine Entertainment (ASX:NEC) secures content supply deals with Google & Facebook
June 01, 2021 01:45 - 1000 KB01 Jun 2021 - Media powerhouse Nine Entertainment (ASX:NEC) has officially inked news content deals with digital giants Google and Facebook. The two news content supply deals are estimated to generate up to $53 million annually, prompting Nine to upgrade its guidance for EBITDA growth in production to between $30 million and $40 million.
Stocks of the Hour: REA Group, Link Administration & Nuix
May 31, 2021 06:15 - 1 minute - 1000 KB31 May 2021 - A snapshot of the companies grabbing headlines today.
Nuix (ASX:NXL) trims guidance due to contractual uncertainty
May 31, 2021 05:15 - 1000 KB31 May 2021 - Beleaguered analytics specialist Nuix (ASX:NXL) has trimmed its annualised business guidance for the second time since its float in December, due to contractual challenges.
Link (ASX:LNK) to float PEXA to fend off buyout interest
May 31, 2021 01:45 - 1000 KB31 May 2021 - Fintech powerhouse Link Administration (ASX:LNK) has confirmed a plan to float property transaction processor PEXA, in a bid to fend off buyout interest from other companies.
REA (ASX:REA) to trade SE Asian platforms for stake in Property Guru
May 31, 2021 00:15 - 1000 KB31 May 2021 - Digital real-estate marketplace operator REA Group (ASX:REA) is set to trade its South East Asian platforms for an interest in Asia's largest online property portal and a board directorship.
Freedom Foods Group (ASX:FNP)'s appeal rejection enables US arbitration
May 28, 2021 05:00 - 1000 KB28 May 2021 - The Federal Court of Australia has turned down an appeal by health foods manufacturer Freedom Foods Group (ASX:FNP) against a previous ruling in favour of Blue Diamonds Growers, making way for an US arbitration between the parties in dispute.
Stocks of the Hour: Qantas, BetMakers & Select Harvests
May 28, 2021 03:27 - 1 minute - 1000 KB28 May 2021 - A snapshot of companies making headlines in the morning session, featuring Qantas, BetMakers and Select Harvests.
Qantas (ASX:QAN) considers rewarding coronavirus-vaccinated passengers
May 28, 2021 02:00 - 1000 KB28 May 2021 - Australia’s national flag carrier Qantas (ASX:QAN) has proposed a reward initiative to assist the vaccine roll-out effort. The $8.8 billion airline is considering several incentive schemes such as loyalty membership points or one-off vouchers to encourage travelers to be inoculated with both doses of an approved coronavirus vaccine.
Select Harvests (ASX:SHV) reports profit slump due to large crop
May 28, 2021 01:00 - 1000 KB28 May 2021 - Nut and health food company Select Harvests (ASX:SHV) has reported a downturn in earnings and profits in the first half of the financial year. Australia’s largest almond producer has attributed the profit hit to a substantial drop in the almond price, despite reporting a bumper crop.
BetMakers (ASX:BET) enters race for Tabcorp's wagering & media arm
May 27, 2021 23:00 - 1000 KB28 May 2021 - Digital bookmaking technology firm BetMakers (ASX:BET) has entered the race to acquire rival Tabcorp (ASX:TAH)’s wagering and media platforms. The $1.3 billion has tabled an audacious cash and scrip bid to acquire these assets for $4 billion. The indicative, non-binding proposal comprises of an upfront cash consideration of $1 billion and a $3 billion interest in the BetMakers.
Crown Melbourne (ASX:CWN) to shutdown on VIC's 7-day snap lockdown
May 27, 2021 06:10 - 1000 KB27 May 2021 - Crown Resorts (ASX:CWN) has updated their Crown Melbourne’s business operations as Victoria begins to lockdown for seven days as of midnight tonight.
Stocks of the Hour: Fisher & Paykel, AMP, CBA & Mosaic Brands
May 27, 2021 04:50 - 2 minutes - 1000 KB27 May 2021 - A snapshot of companies making headlines today featuring Fisher & Paykel (ASX:FPH), AMP (ASX:AMP), Commonwealth Bank (ASX:CBA) & Mosaic brands (ASX:MOZ).
Mosaic (ASX:MOZ) served $630,000 fine for misleading COVID-19 marketing
May 27, 2021 03:00 - 1000 KB27 May 2021 - Australia’s largest specialty fashion retailer Mosaic (ASX:MOZ) has been served a $630,000 penalty for misleading consumers into purchasing the company’s coronavirus prevention products.
Medibank (ASX:MPL) shakes up executive leadership team
May 27, 2021 02:30 - 1000 KB27 May 2021 - Health insurer Medibank (ASX:MPL) welcomes Dr Andrew Wilson to commence as Group Executive, CEO Health Services as the hunt for two new roles to join the executive leadership team commences.
Commonwealth Bank (ASX:CBA) splurges $50m on tech, mobile-app looks to fly
May 27, 2021 01:30 - 1000 KB27 May 2021 - Banking giant Commonwealth Bank (ASX:CBA) has splurged $50 million in a 23% shareholding in online shopping start-up Little Birdie and 25% shareholding in tech-energy retail company Amber.
ASIC litigates against AMP (ASX:AMP) for mischarging deceased
May 27, 2021 01:30 - 1000 KB27 May 2021 - The Australian Securities and Investments Commission (ASIC) has begun legal proceedings against five subsidiaries of financial giant AMP (ASX:AMP) in the Federal Court of Australia, accusing the businesses of “unconscionable conduct” regarding deceased customers.
Fisher & Paykel Healthcare's (ASX:FPH) profit surges 82% on a puff forecast
May 27, 2021 00:45 - 1000 KB27 May 2021 - New Zealand medical-maker Fisher & Paykel Healthcare (ASX:FPH) reports its full-year profit soared 82% for the year ended 31 March, thanks to a spike in demand for its respiratory devices to hospitals.
Kathmandu (ASX:KMD) ties sustainable development with borrowing activity
May 26, 2021 04:50 - 1000 KB26 May 2021 - Adventure and travel apparel supplier Kathmandu (ASX:KMD) has landed a deal with NAB and ANZ to secure a sustainability objective-based loan worth $100 million. Under the loan structure, the outdoor gear manufacturer’s sustainability performance determines the borrowing expenses. This means the loan’s pricing will reduce, as Kathmandu hits its sustainable development targets.
Stocks of the Hour: SenSen, ALS & ASX
May 26, 2021 04:50 - 1 minute - 1000 KB26 May 2021 - A snapshot of companies making headlines for the hour, featuring SenSen Networks (ASX:SNS), ALS (ASX:ALQ) and ASX (ASX:ASX).
ASX (ASX:ASX) deputy chief to end 11-year tenure
May 26, 2021 01:30 - 1000 KB26 May 2021 - Stock market administrator ASX (ASX:ASX) has announced the upcoming departure of deputy chief-executive Peter Hiom. The outbound second-in-command boss has decided to call time on his service at the ASX to join Motive Partners, a blockchain technology firm focused on financial investment. His twenty three-year involvement in the company and eleven-year tenure as deputy CEO will come to an end on July 1.
ALS (ASX:ALQ) demonstrates resilience by 139% payout increase
May 26, 2021 00:50 - 1000 KB26 May 2021 - Testing services provider ALS has upgraded the company’s final payout by 8.5 cents or 139 per cent to 14.6 cents partially franked, despite suffering a 5 per cent revenue hit by pandemic challenges. The lab examiner managed to limit its underlying profit slump to just 1.5 per cent, as the company recorded underlying earnings of $185.9 million for the coronavirus-battered financial year.
SenSen Networks (ASX:SNS) to emphasise footprint in counter-theft market via $10.6m acquisition
May 25, 2021 23:00 - 1000 KB26 May 2021 - Smart city solutions provider SenSen Networks (ASX:SNS) has sealed a deal to acquire anti-theft surveillance specialist Scancam Industries for a total consideration of up to $10.6 million. The payment package is made up of a $6.5 million upfront cash and scrip consideration and a performance-based earn-out of up to $4.1 million
Stocks of the Hour: CIMIC Group, TechnologyOne & Pepper Money
May 25, 2021 05:50 - 2 minutes - 1000 KB25 May 2021 - A snapshot of the companies making headlines for the hour, featuring CIMIC Group (ASX:CIM), TechnologyOne (ASX:TNE) & Pepper Money (ASX:PPM).
New Zealand suspends quarantine-free travel bubble with Victoria
May 25, 2021 05:45 - 1000 KB25 May 2021 - The New Zealand government has temporarily suspended Quarantine-free travel between Victoria and the country, in the wake of nine new COVID-19 cases being detected in the state.
Pepper Money (ASX:PPM) returns to ASX after nearly 4 years
May 25, 2021 04:30 - 1000 KB25 May 2021 - Pepper Money (ASX:PPM) has returned to the Australian sharemarket after nearly four years as a private entity and become the second non-bank provider of loans to list on the index this year. The company successfully raised $500.1 million by issuing 173.2 million new shares at $2.89 per security through its initial public offering (IPO).
TechnologyOne (ASX:TNE) reports 48% profit hike, upgrades interim payout
May 25, 2021 01:45 - 1000 KB25 May 2021 - Enterprise software developer TechnologyOne (ASX:TNE)’s earnings soared 48 per cent to $28.2 million in the first half of the company’s fiscal year.
CIMIC (ASX:CIM) attempts to take over Devine for second time
May 25, 2021 01:00 - 1000 KB25 May 2021 - Civil engineering heavyweight CIMIC has formally submitted a takeover bid for full ownership of residential property developer Devine, targeting the remaining stake in the ASX-listed company. The $6.6 billion infrastructural developer currently possesses a 59.11 per cent stake in Devine and aims to snap up the the remaining interest in the home builder for a total cash consideration of $15.6 million.
Metals X (ASX:MLX) shareholders to acquire 25m shares in future IPO company
May 25, 2021 00:15 - 1000 KB25 May 2021 - Australia’s largest tin producer Metals X (ASX:MLX) has established a binding draft agreement to sell the company’s nickel subsidiary to prospective ASX debutant NICO Resources. The proposed scrip consideration will entitle these individuals to 25 million shares in the future ASX-listed entity, which constitute over a third of NICO’s total issued capital.
Hackers test TPG (ASX:TPG)'s cyber security integrity
May 24, 2021 05:55 - 1000 KB24 May 2021 - Trust in telecommunications powerhouse TPG (ASX:TPG)’s cloud-hosting platform TrustedCloud appears to have been compromised, after a recent cyber attack tested the company’s cyber security integrity.
HPI (ASX:HPI) splurges $32.7m on properties, secures 20-year leases
May 24, 2021 05:00 - 1000 KB24 May 2021 - Hospitality venue landlord Hotel Property Investments (ASX:HPI) has splurged a total of $32.7 million on new property acquisitions in Queensland and secured lease contracts with Woolworths and Coles-affiliated firms.
Nuix (ASX:NXL) calms nerves about governance and financial concerns
May 24, 2021 01:45 - 1000 KB24 May 2021 - Under-pressure data specialist Nuix (ASX:NXL) is making strategic moves to calm investors’ nerves about the Macquarie-backed company’s governance and financial accounts prior to its IPO. The company has installed an independent board review task force designed to enhance oversight and address issues recently raised by investors and market analysts. Additionally, the company has employed the services of an international recruitment agency to search for independent non-executive d...
Freedom Foods Group (ASX:FNP) secures $265m rescue package
May 24, 2021 01:00 - 1000 KB24 May 2021 - Healthy eating company Freedom Foods Group (ASX:FNP) has successfully secured a $265 million rescue package through an equity raising to stage the company’s financial comeback. The capital raise consisted of an oversubscribed institutional issuance and a private offer to Freedom Foods’ major shareholder Arrovest.
Charter Hall (ASX:CHC) successfully lures Australia Post out of Melbourne CBD
May 21, 2021 05:30 - 1000 KB21 May 2021 - Real estate heavyweight Charter Hall (ASX:CHC) has inked a deal to accommodate postal services provider Australia Post’s new home base outside of the Melbourne CBD.