Virus fears weigh on market: ASX closes 1.4% lower

Virus fears weigh on market: ASX closes 1.4% lower

28 Jan 2020 - It has been a negative day of trade for the Australian sharemarket with local bourse sinking below 7000 as investors sold off on worries about the coronavirus. Shares in travel company Webjet (ASX:WEB) fell almost 14 per cent today o...
Finance News Network

More Videos by Finance News Network

Wage price index rises in the December quarter: ASX flat at noon

Wage price index rises in the December quarter: ASX flat at noon

19 Feb 2020 - The ASX dipped at the open and despite a slight rise around mid-morning trade, is now tracking fairly flat at 0.1% lower at noon. Domino’s (ASX:DMP) shares shot up today on the release of their half year results. Wisetech Global (ASX...
Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus

Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus

19 Feb 2020 - Wistech Global (ASX:WTC) has reported net profit (NPATA) of $33.5 milion for 1HFY20 a rise of 22 per cent on the same time last year.
Stockland (ASX:SGP) maintains FFO guidance

Stockland (ASX:SGP) maintains FFO guidance

19 Feb 2020 - Stockland (ASX:SGP) has announced statutory profit rose 68.1 per cent to $504 million for the first half of 2020 when compared to the year earlier period. The rise comes on the back of $199 million of positive net revaluations.
Fortescue (ASX:FMG) delivers record first half revenue

Fortescue (ASX:FMG) delivers record first half revenue

19 Feb 2020 - Fortescue (ASX:FMG) has reported record first half revenue of US$6.5 billion for the first half of 2020.
Crown (ASX:CWN) results hit by downturn in VIP players and coronavirus

Crown (ASX:CWN) results hit by downturn in VIP players and coronavirus

19 Feb 2020 - Crown Resorts (ASX:CWN) has reported its normalised net profit has dipped 11 per cent to $172.7 million for the first half of 2020 when compared to the same time last year.
Apple sales warning weighs on Wall Street: Aus shares set for flat start

Apple sales warning weighs on Wall Street: Aus shares set for flat start

19 Feb 2020 - The local sharemarket is set for a flat start in early trading following a mixed session on Wall Street yesterday. Lottery company Tabcorp (ASX:TAH) has announced group revenue rose 4.4 per cent for the first half of 2020 and earning...
BluGlass (ASX:BLG) discusses laser diodes and business opportunities

BluGlass (ASX:BLG) discusses laser diodes and business opportunities

19 Feb 2020 - BluGlass (ASX:BLG) Managing Director, Giles Bourne talks about the opportunities that laser diodes represent for the company, following the Photonics West Conference.
Wesfarmers (ASX:WES) to sell 4.9% of Coles Group

Wesfarmers (ASX:WES) to sell 4.9% of Coles Group

19 Feb 2020 - Wesfarmers (ASX:WES) will sell 4.9 per cent of its stake in the Coles Group.
Seven Group Holdings (ASX:SVW) 1HFY20 profit, earnings and revenue higher

Seven Group Holdings (ASX:SVW) 1HFY20 profit, earnings and revenue higher

19 Feb 2020 - Diversified investment group, Seven Group holdings (ASX:SVW) has reported underlying net profit (after tax attributable to shareholders) of 254.7 million for the first half of the 2020 financial year, an increase of 3.2 per cent on t...
Coles (ASX:COL) put aside $20m for underpaid salaries: ASX closed 0.2% lower

Coles (ASX:COL) put aside $20m for underpaid salaries: ASX closed 0.2% lower

18 Feb 2020 - The ASX closed 0.2% lower today failing to gain momentum after dropping at the open. Shares in the Monadelphous Group (ASX:MND) rose today after they released their results showing a revenue rise. Tech stocks slid with Altium (ASX:AL...
Monadelphous Group (ASX:MND) top perfomer after results release: ASX shares tracking 0.2% lower

Monadelphous Group (ASX:MND) top perfomer after results release: ASX shares tracking 0.2% lower

18 Feb 2020 - The ASX dropped at the open and is now tracking 0.2% lower at noon. Shares in the Monadelphous Group (ASX:MND) rose today after they released their results showing a revenue rise. Shares in Seven West Group also rose. Engineering com...
Kogan.com (ASX:KGN) see profit up, revenue down

Kogan.com (ASX:KGN) see profit up, revenue down

18 Feb 2020 - Retail business Kogan.com (ASX:KGN) today announced its half year results showing gross sales of $322.9 million, up 16.4 per cent on prior year of $277.3 million.
Lifestyle Communities (ASX:LIC) first half results driven by 109 new home settlements

Lifestyle Communities (ASX:LIC) first half results driven by 109 new home settlements

18 Feb 2020 - Lifestyle Communities (ASX:LIC) achieved a net profit after tax attributable to shareholders of $15.1 million for the first half of the 2020 financial year, compared to $21.9 million in the same period last year.
Cochlear (ASX:COH) net profit increase of 23%

Cochlear (ASX:COH) net profit increase of 23%

18 Feb 2020 - Hearing implant manufacturer Cochlear's (ASX:COH) reported net profit increased by 23 per cent to $157.7 million and includes $25.0 million in non-cash after-tax gains from the revaluation of innovation fund investments.
BHP (ASX:BHP) see a rise in profit, increase dividend

BHP (ASX:BHP) see a rise in profit, increase dividend

18 Feb 2020 - BHP (ASX:BHP) has reported a 29 per cent increase in half-year profit to $US4.9 billion, that’s $7.30 billion AUD.
Rio’s (ASX:RIO) iron ore shipments reduced due to cyclone: ASX set for a flat start

Rio’s (ASX:RIO) iron ore shipments reduced due to cyclone: ASX set for a flat start

18 Feb 2020 - Wall Street was closed yesterday due to President’s Day. The ASX looks set to open flat this morning. European stocks closed higher as China’s central bank announced fresh policy to shield its economy from Coronavirus. Meanwhile, App...
AP Eagers (ASX:APE) await further details on Holden wind down

AP Eagers (ASX:APE) await further details on Holden wind down

18 Feb 2020 - AP Eagers (ASX:APE) reported yesterday that as a partner of General Motors General Motors they are sad the company has decided to wind down Holden vehicle sales in Australia and New Zealand by 2021.
Scentre Group (ASX:SCG) sees Aliza knox step down from the board

Scentre Group (ASX:SCG) sees Aliza knox step down from the board

18 Feb 2020 - Scentre Group (ASX:SCG) will say goodbye to Aliza Knox after she notified the board she will not stand for re-election at the Group's AGM.
UBS raises TPG (ASX:TPM) target price following merger approval: Aus market closes 1.1% lower

UBS raises TPG (ASX:TPM) target price following merger approval: Aus market closes 1.1% lower

17 Feb 2020 - A bullish run in the back half of the session has boosted the market. However, it wasn’t enough to counteract this morning’s losses. The market closed 0.1% lower today. A subsidiary of GR Engineering Services (ASX:GNG) has secured an...
Big River Industries (ASX:BRI) to acquire Pine Design Truss and Timber: Aus shares 0.4% lower at noo

Big River Industries (ASX:BRI) to acquire Pine Design Truss and Timber: Aus shares 0.4% lower at noo

17 Feb 2020 - The Australian share market saw a short-lived spike at the open but has floated lower over the morning trade and is now tracking 0.4% lower after the first two hours of trade.Credit Suisse has upgraded Beach Energy (ASX:BPT) from a n...
Bendigo & Adelaide Bank (ASX:BEN) launches capital raising

Bendigo & Adelaide Bank (ASX:BEN) launches capital raising

17 Feb 2020 - Bendigo & Adelaide Bank (ASX:BEN) is looking to raise $300 million to support growth in its residential mortgage business, also to strengthen its balance sheet.
Regis Resources (ASX:RRL) record net profit up 17%

Regis Resources (ASX:RRL) record net profit up 17%

17 Feb 2020 - Regis Resources (ASX:RRL) has reported net profit is up 17 per cent to $93.4 million compared to the same corresponding period where it stood at $79.9 million.
Saracen Mineral Holdings (ASX:SAR) NPAT up 84%

Saracen Mineral Holdings (ASX:SAR) NPAT up 84%

17 Feb 2020 - Saracen Mineral Holdings (ASX:SAR) reports further strong growth in production, with an 84 per cent increase in its underlying net profit after tax in the six months to 31 December 2019.
Ridley Corporation (ASX:RIC) appoint new CEO for Novacq

Ridley Corporation (ASX:RIC) appoint new CEO for Novacq

17 Feb 2020 - Ridley Corporation (ASX:RIC) has appointed Siddharth Jain to the role of Chief Executive Officer of Novacq™ and to advise of the completion of the land and feedmill acquisition in Thailand.