RBA signals another cut: Aus shares lacks direction, steady at noon

RBA signals another cut: Aus shares lacks direction, steady at noon

16 Jul 2019 - Aus shares break out of two-day trend but now track steady at noon, 4pts lower. Material sector 17% higher on-year with iron ore price 2-week & 5-yr high. YTD Fortescue (ASX:FMG) 117% up, Rio Tinto (ASX:RIO) up 33%, BHP (ASX:BHP) up ...
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Galaxy flags record quarter of production results at Mt Cattlin

Galaxy flags record quarter of production results at Mt Cattlin

16 Jul 2019 - Galaxy Resources (ASX:GXY) has today revealed its reached record quarterly production of 56,460 dry metric tonnes (dmt) from its Mt Cattlin, topping its production guidance of 45,000 – 50,000 dmt.
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Sandfire Resources commits additional US$1.5m to White Rock’s Red Mountain project

Sandfire Resources commits additional US$1.5m to White Rock’s Red Mountain project

16 Jul 2019 - Sandfire Resources (ASX:SFR) has committed to an additional US$1.5 million beyond the original A$6M for 2019 to expand the 2019 field season at White Rock’s Red Mountain high-grade zinc and precious metals project in Alaska.
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Lynas Malaysia Achieves One Year ‘Lost Time Injury Free

Lynas Malaysia Achieves One Year ‘Lost Time Injury Free

16 Jul 2019 - Lynas Corporation (ASX:LYC) has today announced that Lynas Malaysia has achieved one year ‘lost time injury free’.
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St Barbara announces Atlantic Gold shareholders approve acquisition

St Barbara announces Atlantic Gold shareholders approve acquisition

16 Jul 2019 - St Barbara's (ASX:SBM) $779 million acquisition of Canadian based gold producer Atlantic has received the tick of approval from Atlantic's shareholders.
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HUB24 posts record June quarter & annual net inflows

HUB24 posts record June quarter & annual net inflows

16 Jul 2019 - Investment platform, Hub24 (ASX:HUB) has announced 32.4 per cent increase in June quarter net inflows to $979 million.
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Rio quarterly iron ore production hit by cyclone

Rio quarterly iron ore production hit by cyclone

16 Jul 2019 - Global miner Rio Tinto (ASX:RIO) has today reported a 3 per cent drop in second-quarter iron ore shipments to 85.4 million tonnes due to disruptions caused by a cyclone in late March which impacted output in the April-June period.
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Wall St notches record close : Aus shares to defy leads and dip at open, RBA policy minutes ahaead

Wall St notches record close : Aus shares to defy leads and dip at open, RBA policy minutes ahaead

16 Jul 2019 - Australian shares are expected to open slightly lower this morning despite minor gains on Wall Street. US Stocks rose to notch a fresh record close on Monday. Mining company, Oil Search (ASX:OSH) has recently completed an organisatio...
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Materials only sector in the green: ASX closes 0.7% lower

Materials only sector in the green: ASX closes 0.7% lower

15 Jul 2019 - The ASX failed to gain momentum and closed 0.7% lower. AMP (ASX:AMP) shares dropped after they announced that the AMP Life sale was "highly unlikely" to proceed. Orocobre (ASX:ORE) is trading at its lowest price for the last two year...
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AMP shares slump over 15%: ASX tracking 0.7% lower at noon

AMP shares slump over 15%: ASX tracking 0.7% lower at noon

15 Jul 2019 - The ASX opened lower and continued to fall defying positive leads from Wall Street. The ASX is now tracking 0.7% lower at noon. Shares in AMP (ASX:AMP) have plummetted as they announced that the $3.3 billion sale of its wealth protec...
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Mount Gibson Iron flags June quarter ore sales totaling $72 million

Mount Gibson Iron flags June quarter ore sales totaling $72 million

15 Jul 2019 - Iron ore miner Mount Gibson Iron (ASX:MGX) has today announced June quarter ore sales revenue for all products totaled $72 million.
Finance News Network
Djerriwarrh's FY19 revenue up 15.7%

Djerriwarrh's FY19 revenue up 15.7%

15 Jul 2019 - Investment company Djerriwarrh (ASX:DJW) has announced its net profit attributable to members for the 2019 financial year was $34.3 million, up 9.2 per cent from $31.4 million in the year earlier period.
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Praemium flags record quarterly gross inflows across Australia

Praemium flags record quarterly gross inflows across Australia

15 Jul 2019 - Investment platform Praemium (ASX:PPS) has provided a June 2019 quarterly update flagging record quarterly gross inflows across Australia and International of $903 million.
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Elders announces acquisition of AIRR and equity raising

Elders announces acquisition of AIRR and equity raising

15 Jul 2019 - Rural services company, Elders (ASX:ELD) has entered into a scheme implementation deed with Australian Independent Rural Retailers (AIRR) to acquire 100 per cent of AIRR’s shares on issue by way of a scheme of arrangement for A$10.85...
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OZ Minerals inks exploration deal with Investigator Resources

OZ Minerals inks exploration deal with Investigator Resources

15 Jul 2019 - OZ Minerals (ASX:OZL) has inked a deal with Investigator Resources whereby OZ Minerals will fund a $10 million three -stage program to explore Investigator’s Maslins IOCG Project.
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AMP Life sale "highly unlikely" to proceed

AMP Life sale "highly unlikely" to proceed

15 Jul 2019 - AMP (ASX:AMP) has today announced that the $3.3 billion sale of its wealth protection business AMP Life to Resolution Life is highly unlikely to go ahead due to the challenges in meeting the conditions set by the Reserve Bank of New ...
Finance News Network
Wall Street hits record highs: Aus shares to defy leads and open lower

Wall Street hits record highs: Aus shares to defy leads and open lower

15 Jul 2019 - Australian shares look set to start the week on a negative note despite Wall Street hitting record highs on Friday. Additive manufacturing company, Titomic (ASX:TTT) has raised $7 million via a private placement.
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Materials, Financials weigh on ASX: Aus shares lose 0.3% Friday, 0.8% on week

Materials, Financials weigh on ASX: Aus shares lose 0.3% Friday, 0.8% on week

12 Jul 2019 - Aus shares fail to maintain record-high territory with Utilities, Financials, Materials dragging the local bourse this week. Average Aussie household has over $1m in wealth, up 40% from 10 yrs ago. Nuheara (ASX:NUH) to create 10 “Nuh...
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2018/19 FY in review with MLC

2018/19 FY in review with MLC

12 Jul 2019 - MLC Portfolio Specialist John Owen provides a comprehensive review of financial markets, some of the major themes and how the MLC multi-asset portfolios are positioned.
Finance News Network
Nearmap down despite record growth reports: ASX tracking 0.2% lower at noon

Nearmap down despite record growth reports: ASX tracking 0.2% lower at noon

12 Jul 2019 - The ASX dropped at the open following mixed leads from Wall Street and is now tracking 0.2% lower at noon. Shares in Clinuvel (ASX:CUV) continue to decline as do aerial imagery company Nearmap (ASX:NEA). The best-performing sector is...
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Spirit Telecom completes acquisition of Arinda

Spirit Telecom completes acquisition of Arinda

12 Jul 2019 - Spirit Telecom (ASX:ST1) has completed the acquisition of Arinda IT, an IT Services provider for small businesses.
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Nearmap reports record portfolio growth

Nearmap reports record portfolio growth

12 Jul 2019 - Aerial imagery technology and location data company Nearmap (ASX:NEA) report that their results for Financial Year 2019 expect to show record growth in the company's key growth metric, Annualised Contract Value (ACV) .
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Noni B pleased with underlying EBITDA up 21%

Noni B pleased with underlying EBITDA up 21%

12 Jul 2019 - Women’s fashion chain Noni B (ASX:NBL) has reported underlying EBITDA of approximately $45 million in-line with guidance and up 21 per cent on the prior year.
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The Charter Hall Group acquires Telstra headquarters in Melbourne

The Charter Hall Group acquires Telstra headquarters in Melbourne

12 Jul 2019 - Charter Hall Group (ASX:CHC) has formed a partnership to acquire 100 per cent of the freehold interest in the Global headquarters of Telstra.
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Lynas Malaysia awarded a gold medal by EcoVadis

Lynas Malaysia awarded a gold medal by EcoVadis

12 Jul 2019 - Lynas Corporation's (ASX:LYC) Malaysian operations have been awarded a gold medal in the latest EcoVadis CSR assessment.
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LiveTiles sees record 4th Quarter of $40.1 million

LiveTiles sees record 4th Quarter of $40.1 million

12 Jul 2019 - Global software company LiveTiles (ASX:LVT) has seen a record quarter of annualised recurring revenue growth, reaching $40.1 million as at 30 June 2019.
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Trump bemoans China not buying enough farm goods: ASX poised to open lower

Trump bemoans China not buying enough farm goods: ASX poised to open lower

12 Jul 2019 - Following mixed leads from US markets, the ASX looks set to open lower this morning. Markets were rocked as US and China trade talks resumed – facing even bigger hurdles. President Donald Trump tweeted yesterday that Beijing “is lett...
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Oil companies brace for Tropical Storm Barry: ASX closed 0.4% higher

Oil companies brace for Tropical Storm Barry: ASX closed 0.4% higher

11 Jul 2019 - It has been a positive day of trade for the ASX. After the local bourse managed to gain momentum closing 0.4% higher. BHP (ASX:BHP) has joined other oil companies in shutting down their Gulf of Mexico operations in anticipation of tr...
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Household lending fell in May: ASX trackiing 0.2% at noon

Household lending fell in May: ASX trackiing 0.2% at noon

11 Jul 2019 - The ASX is eyeing its second day of gains, with most sectors in profit territory. It's now tracking 0.2 per cent higher at noon. Information Technology sector leading the charge again. Retail Food Group (ASX:RFG) released a statement...
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Byron Energy sees evacuations due to Tropical Storm Barry

Byron Energy sees evacuations due to Tropical Storm Barry

11 Jul 2019 - Byron Energy (ASX:BYE) has issued a number of evacuations due to impending weather conditions in the Gulf of Mexico brought on by Tropical Storm Barry.
Finance News Network
APRA orders NAB, Westpac and ANZ to put aside additional capital

APRA orders NAB, Westpac and ANZ to put aside additional capital

11 Jul 2019 - National Australia Bank (ASX:NAB) today noted the APRA announcement applying additional capital requirements to them and Westpac (ASX:WBC) and ANZ (ASX:ANZ) in response to risk governance self-assessments.
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ClearVue Technologies signs agreement with ARUP

ClearVue Technologies signs agreement with ARUP

11 Jul 2019 - Smart building materials company ClearVue Technologies (ASX:CPV) has signed a Consultancy Agreement with Arup Australia.
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Netlinkz establishes JV with iSoftStone Information Technology

Netlinkz establishes JV with iSoftStone Information Technology

11 Jul 2019 - Cloud network solutions company Netlinkz (ASX:NET) announces it has signed a Memorandum of Understanding with iSoftStone Information Technology.
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Infratil announce clearance to acquire Vodafone NZ

Infratil announce clearance to acquire Vodafone NZ

11 Jul 2019 - Infratil (ASX:IFT) announced Brookfield Asset Management's intention to acquire Vodafone New Zealand from Vodafone Group Plc. Today the Commerce Commission granted clearance for the acquisition.
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Michael Hill may spend up to $25 million on staff underpayments

Michael Hill may spend up to $25 million on staff underpayments

11 Jul 2019 - Jeweller Michael Hill International (ASX:MHJ) is set to do a full remediation program after a review of retail employment contracts showed many staff were underpaid in the range of $10 million to $25 million.
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Powell sends rate cut signal: ASX set to open higher

Powell sends rate cut signal: ASX set to open higher

11 Jul 2019 - The ASX is set to open higher this morning as US stocks rose to all time highs. US Federal Reserve Chairman Jerome Powell signaled a willingness to lower rates this month. On the commodities front, oil has added and gold rallied. The...
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Monthly economic update with MLC, June 2019

Monthly economic update with MLC, June 2019

10 Jul 2019 - MLC Senior Economist Bob Cunneen speaks to MLC Portfolio Specialist Sinead Rafferty about share market strength in June, spurred on by record low interest rates and an easing in trade tensions.
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Carnarvon Petroleum show cash holdings down on previous quarter

Carnarvon Petroleum show cash holdings down on previous quarter

10 Jul 2019 - Carnarvon Petroleum (ASX:CVN) has released their quarterly report for June showing the company's cash holdings at the end of the quarter were down - $73.8 million, compared to $93.3 million at the end of the previous quarter.
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West African Resources see high-grade results from Burkina Faso

West African Resources see high-grade results from Burkina Faso

10 Jul 2019 - Gold developer West African Resources (ASX:WAF) reports assay results from the M1 South open pit at the Sanbrado Gold Project in Burkina Faso showing high-grade results.
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Pantoro acquires 50% of Central Norseman Gold Project

Pantoro acquires 50% of Central Norseman Gold Project

10 Jul 2019 - Pantoro (ASX:PNR) has completed the acquisition of 50 per cent of the Central Norseman Gold Project.
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Alliance Aviation Services buys five more Fokker 100 Aircraft

Alliance Aviation Services buys five more Fokker 100 Aircraft

10 Jul 2019 - Alliance Aviation Services (ASX:AQZ) has entered an agreement with Swiss airline Helvetic Airways for the purchase of five Fokker 100 aircraft and the entirety of Helvetic’s spare engines, parts and tooling.
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Automotive Holdings Group sells interest in motorcycle business

Automotive Holdings Group sells interest in motorcycle business

10 Jul 2019 - Automotive Holdings Group (ASX:AHG) has completed the sale of its interest in Motorcycle Distributors Australia.
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Bell Financial Group expects 1H19 profit up 50%

Bell Financial Group expects 1H19 profit up 50%

10 Jul 2019 - Diversified financial services business, Bell Financial Group (ASX:BFG) today advised that it expects its first half 2019 net profit before tax attributable to shareholders to be approximately $22.5 million.
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US and China trade officials meet: ASX poised to open higher

US and China trade officials meet: ASX poised to open higher

10 Jul 2019 - Following mixed leads from US markets, the ASX looks set to open higher. US stocks braced for Central Bank news this week and faltered on concerns regarding the US-China trade war. Retail Food Group (ASX:RFG) made a statement referri...
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APRA increases banks capital requirement by 3%, moves deadline: Aus shares lose 0.1%

APRA increases banks capital requirement by 3%, moves deadline: Aus shares lose 0.1%

09 Jul 2019 - Investor concern ahead of Fed chair Wednesday testimony weighs on Aussie shares. Pilbara Minerals (ASX:PLS) signs new Great Wall offtake agreement, sales/production to return to full capacity Dec Qtr. APRA increases capital capacity ...
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Liontown Resources 353% increase in Kathleen Valley lithium resource

Liontown Resources 353% increase in Kathleen Valley lithium resource

09 Jul 2019 - Liontown Resources (ASX:LTR) has announced a substantial increase in the Mineral Resource for its 100 per cent-owned Kathleen Valley Lithium Project.
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Altura Mining signs offtake agreement with Chinese firm

Altura Mining signs offtake agreement with Chinese firm

09 Jul 2019 - Altura Mining (ASX:AJM) has signed an offtake agreement with established Chinese lithium materials producer Shandong Ruifu.
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Independence Group invests in Legend Mining

Independence Group invests in Legend Mining

09 Jul 2019 - Independence Group (ASX:IGO) is investing in nickel-copper focused Legend Mining and its Rockford North tenements.
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