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TechnologyOne (ASX:TNE) shares drop despite posting profit increase: ASX tracking 0.04% higher at no

TechnologyOne (ASX:TNE) shares drop despite posting profit increase: ASX tracking 0.04% higher at no

19 Nov 2019 - The ASX rose at the open only to dip in the first hour of trade and is now tracking 0.04% higher at noon. The A2 Milk (ASX:A2M) company lifted its earnings margin forecast and saw their shares rise this morning. The Takeovers Panel h...
Finance News Network
4mins
Redcape Hotel Group (ASX:RDC) - owner & operator

Redcape Hotel Group (ASX:RDC) - owner & operator

19 Nov 2019 - Redcape Hotel Group Limited (ASX:RDC) CEO, Dan Brady discusses FY19 results, company strategy and creating pub venues that become the hub of local communities.
Finance News Network
5mins
a2 Milk (ASX:A2M) lifts earnings guidance

a2 Milk (ASX:A2M) lifts earnings guidance

19 Nov 2019 - A2 Milk (ASX:A2M) as lifted its earnings margin forecast to 29 to 30 per cent for 2020 financial year ahead of its previous guidance of 28.2 per cent.
Finance News Network
1min
Technology One (ASX:TNE) posts 50% increase in profit

Technology One (ASX:TNE) posts 50% increase in profit

19 Nov 2019 - Software company, TechnologyOne (ASX:TNE) has posted a 50 per cent increase in profit to $76.4 million for the financial year ending 30 September 2019.
Finance News Network
1min
Mayne Pharma (ASX:MYX) to extend range of dermatology products with licensing of $US40m drug

Mayne Pharma (ASX:MYX) to extend range of dermatology products with licensing of $US40m drug

19 Nov 2019 - Mayne Pharma (ASX:MYX) will extend its range of dermatology products through the licensing of a generic topical dermatology product from Encube Ethicals which is a leading developer and manufacturer of topical formulations to distrib...
Finance News Network
1min
Kogan (ASX:KGN) gross sales exceed half a billion dollars

Kogan (ASX:KGN) gross sales exceed half a billion dollars

19 Nov 2019 - Kogan (ASX:KGN) has kicked off its AGM in Melbourne with Chairman Greg Ridder hi lighting the company’s accelerated growth of the exclusive brands product division, achieving 41.6 per cent growth in revenue on FY18 and Kogan Mobile g...
Finance News Network
1min
Wall St closes little changed: Aus shares to open flat

Wall St closes little changed: Aus shares to open flat

19 Nov 2019 - The local sharemarket is poised to open flat following a quiet session on Wall Street on Monday. In the US stocks reached fresh records but pared back to close the session little changed. The technology sector posted some of the bigg...
Finance News Network
3mins
Wall Street ekes out gains

Wall Street ekes out gains

Stocks on Wall Street inched higher Monday, driving the indexes to record closing highs. As Fred Katayama reports, falling energy shares capped the gains.
Reuters Business
FedEx CEO challenges NYT publisher to debate

FedEx CEO challenges NYT publisher to debate

FedEx Chief Executive Frederick Smith has challenged the publisher of the New York Times and the editor of the business section of the newspaper to a public debate in response to a story about the company’s tax bill.
Reuters Business
Adelaide Brighton (ASX:ABC) increases borrowing limits to $900m

Adelaide Brighton (ASX:ABC) increases borrowing limits to $900m

19 Nov 2019 - Building construction firm Adelaide Brighton Ltd (ASX:ABC) has extended the maturity of its debt and increased its committed borrowing limits from A$715 million to A$900 million.
Finance News Network
1min
Abacus Property Group (ASX:ABP) and Charter Hall’s takeover of Australian Unity Office fund abandone

Abacus Property Group (ASX:ABP) and Charter Hall’s takeover of Australian Unity Office fund abandone

19 Nov 2019 - Abacus Property Group (ASX:ABP) and Charter Hall’s plans to purchase the Australian Unity Office Fund will not go ahead.
Finance News Network
1min
Shift to cyclical stocks: investment officer

Shift to cyclical stocks: investment officer

Investors should shift some money into cyclical stocks such as financial and energy as the yield curve steepens and the U.S. dollar weakens, says First American Trust chief investment officer, Jerry Braakman.
Reuters Business
Coty invests $600 mln in Kylie Jenner's beauty brands

Coty invests $600 mln in Kylie Jenner's beauty brands

Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, sending its shares up as much as 5%.
Reuters Business
ByteDance CEO urges TikTok diversification as U.S. pressure mounts

ByteDance CEO urges TikTok diversification as U.S. pressure mounts

The founder and CEO of TikTok owner ByteDance will focus on adding users of the popular video app in countries outside of its strongest markets, according to an internal staff note seen by Reuters, as it faces political pressure in the United States.
Reuters Business
A Nigerian mother's struggle against rising food prices

A Nigerian mother's struggle against rising food prices

Higher food prices have pushed up annual inflation in Nigeria after borders with neighboring countries were closed in a crackdown on smuggling. One mother is struggling to feed her children.
Reuters Business
T-Mobile CEO Legere to step down

T-Mobile CEO Legere to step down

T-Mobile US CEO John Legere will step down next year but not before completing his company's $26 billion merger with rival Sprint.
Reuters Business
Emirates announces $16 bln Airbus order

Emirates announces $16 bln Airbus order

Dubai state-owned airline Emirates has placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices.
Reuters Business
Parts with passports: GM’s NAFTA road to production

Parts with passports: GM’s NAFTA road to production

Some of the parts and components that go inside a General Motors automobile should come with passports since they cross the U.S. border several times thanks to the North American Free Trade Agreement between the U.S., Canada and Mexico, which Preside
Reuters Business
Ford bets on electric Mustang to charge turnaround

Ford bets on electric Mustang to charge turnaround

Ford has unveiled a new model of its legendary Mustang, but traditionalists may be horrified to learn it's an electric car.
Reuters Business
HP to Xerox: we might buy you actually

HP to Xerox: we might buy you actually

HP says it is open to exploring a bid for U.S. printer maker Xerox after rebuffing a $33.5 billion cash-and-stock acquisition offer from the latter.
Reuters Business
McPherson’s Limited AGM

McPherson’s Limited AGM

McPherson’s Limited AGM
Boardroom Media
105mins
SoftBank to create $30 billion tech giant

SoftBank to create $30 billion tech giant

Japan’s SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech giant, as it bags struggling internet companies to bulk up against rivals.
Reuters Business
Prospa sinks on profit downgrade: Aus shares close 0.4% lower

Prospa sinks on profit downgrade: Aus shares close 0.4% lower

18 Nov 2019 - Its been a softer start to the week for the Australian sharemarket despite a strong lead in from Wall Street. There were losses across the board with 8 out of 10 sectors in the red led by utilities which was down over 1 per cent. Fin...
Finance News Network
4mins
Imugene Limited (ASX: IMU) completes OV acquisition: Aus shares 0.6% lower at noon

Imugene Limited (ASX: IMU) completes OV acquisition: Aus shares 0.6% lower at noon

18 Nov 2019 - Australian share market dipped on open despite ‘constructive discussions’ regarding the phase-one China and US trade deal between negotiators. Imugene Limited (ASX: IMU) has completed the acquisition of its Oncolytic Virus.
Finance News Network
3mins
Moelis Australia (ASX:MOE) to acquire The Beach Hotel, Byron Bay

Moelis Australia (ASX:MOE) to acquire The Beach Hotel, Byron Bay

18 Nov 2019 - Moelis Australia (ASX:MOE) has entered into an agreement to acquire The Beach Hotel, Byron Bay.
Finance News Network
1min
Avita Medical (ASX:AVH) CFO appointment

Avita Medical (ASX:AVH) CFO appointment

18 Nov 2019 - Avita Medical (ASX:AVH) has appointed Mr David McIntyre as Chief Financial Officer.
Finance News Network
1min
Smartgroup Corporation (ASX:SIQ) CEO to retire

Smartgroup Corporation (ASX:SIQ) CEO to retire

18 Nov 2019 - Smartgroup Corporation (ASX:SIQ) CEO Deven Billimoria to retire at the end of February 2020.
Finance News Network
1min
Saracen Mineral Holdings (ASX:SAR) 50% stake in Super Pit gold mine and A$796 million equity raise

Saracen Mineral Holdings (ASX:SAR) 50% stake in Super Pit gold mine and A$796 million equity raise

18 Nov 2019 - Saracen Mineral Holdings (ASX:SAR) has entered into an agreement to acquire a 50% stake in Super Pit gold mine for US$750M.
Finance News Network
1min
Spark New Zealand (ASX:SPK) outlines roll out phases of 5G

Spark New Zealand (ASX:SPK) outlines roll out phases of 5G

18 Nov 2019 - Spark (ASX:SPK) has outlined the next phases of its progressive roll out of 5G services.
Finance News Network
1min
AFT (ASX:AFP) signs agreements to new markets worth more than US$1billion

AFT (ASX:AFP) signs agreements to new markets worth more than US$1billion

18 Nov 2019 - AFT Pharmaceuticals (ASX:AFP) has signed licensing agreements worth more than US$1billion for its Maxigesic pain relief medication.
Finance News Network
1min
Fortescue Metals Group (ASX:FMG) lodges High Court appeal: Aus shares to open flat

Fortescue Metals Group (ASX:FMG) lodges High Court appeal: Aus shares to open flat

18 Nov 2019 - Aus shares to open flat: Wall Street has record-breaking session with the Dow Jones Industrial Average breaking through 28,000 points for the first time.
Finance News Network
4mins
Aramco IPO range values Saudi oil giant at up to $1.7 trillion

Aramco IPO range values Saudi oil giant at up to $1.7 trillion

Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion touted by Saudi's crown prince but still vying for the title of the world's biggest IPO.
Reuters Business
Dow cracks above 28,000 for first time

Dow cracks above 28,000 for first time

Wall Street closed out another week with record highs as the Dow closed above 28,000 for the first time in history. Conway G. Gittens has the details.
Reuters Business
Twitter details plan to ban political ads

Twitter details plan to ban political ads

Twitter laid out plans for banning political ads on its social network, something Facebook has strongly refused to do, just as campaigns for the 2020 U.S. presidential election heat up. Conway G.
Reuters Business
Week ahead on Wall Street

Week ahead on Wall Street

Investors will get a read on the health of the American consumer when major retailers report their quarterly results next week.
Reuters Business
Rotate into value stocks, says adviser

Rotate into value stocks, says adviser

It's time to pick up value stocks, says Mercadien Asset Management's Ken Kamen, who favors cyclicals, industrials, and financials.
Reuters Business
Government Says Consumer Spending Data Not Final

Government Says Consumer Spending Data Not Final

A report in the Business Standard newspaper shows that consumer spending has fallen for the first time in more than four decades in 2017-18, primarily driven by slackening rural demand, which experts say points to a rise in poverty. The report cla...
NDTV
Growth Forecast Down: Is Economy In Free Fall?

Growth Forecast Down: Is Economy In Free Fall?

Is India's economy in free fall? Growth numbers are down, industrial production is down, auto sales are also down, while new data shows poverty may have actually gone up. This week, India's largest public sector bank State Bank of India said Gross...
NDTV
45mins
This is how one UAE company is fortifying the ceramics industry

This is how one UAE company is fortifying the ceramics industry

Tiles are the building blocks of the global ceramics sector, according to Grand View Research
Euronews
Amazon challenges Pentagon's cloud award to Microsoft

Amazon challenges Pentagon's cloud award to Microsoft

U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft an up to $10 billion cloud computing contract, after Amazon announced plans to challenge it.
Reuters Business
Alibaba gets strong demand for IPO - sources

Alibaba gets strong demand for IPO - sources

Alibaba has received strong demand for its upcoming IPO, according to Reuters sources.
Reuters Business
Penney shrinks loss, shares surge

Penney shrinks loss, shares surge

J.C. Penney slashed its quarterly loss by boosting its margins and reducing ad spending. As Fred Katayama reports, the struggling retailer is trying to lure new shoppers by testing store layouts and adding new services and experiences.
Reuters Business
S.Africa's SAA workers start strike that could cripple airline

S.Africa's SAA workers start strike that could cripple airline

South African Airways’ future is hanging in the balance after its workers went on strike on Friday to demand higher wages and protest planned job cuts, forcing the struggling state-owned carrier to cancel all flights. Ciara Lee reports
Reuters Business
Free broadband for all: UK's Labour vows to part-nationalize BT

Free broadband for all: UK's Labour vows to part-nationalize BT

The UK Labour party says it will part-nationalize BT if it wins the upcoming election, as part of a plan to offer free broadband to all households.
Reuters Business
Google gears up to launch streaming game service Stadia

Google gears up to launch streaming game service Stadia

Tech giant Google is preparing to launch its game streaming service Stadia on November 19, in what it is calling "a revolution for the games industry." Ciara Lee reports
Reuters Business
A look inside Qantas' London-Sydney test flight

A look inside Qantas' London-Sydney test flight

Qantas Airways completed a 19 -hour and 19-minute non-stop test flight from London to Sydney on Friday, as it nears a decision on whether to order planes for what would be the world's longest-ever commercial route.
Reuters Business
GrainCorp surges 11.5%: Aus shares close 0.9% higher

GrainCorp surges 11.5%: Aus shares close 0.9% higher

15 Nov 2019 - Aus shares close 0.9% higher. All sectors in the green. GrainCorp Limited (ASX:GNC) shares surged 11.5 per cent after the ACCC said it would not intervene in the sale of the company's port facilities to ANZ Terminals.
Finance News Network
4mins
Walmart lifts outlook, El Paso store reopens

Walmart lifts outlook, El Paso store reopens

Walmart raised its earnings forecast ahead of the holiday shopping season. And as Fred Katayama reports, it reopened its El Paso, Texas store that was the site of a massacre that killed 22 people.
Reuters Business