Finance News Network

News by Kathy Skantzos

Kathy Skantzos

Finance News Network

Monadelphous (ASX:MND) in $493 million wrangle with Rio Tinto (ASX:RIO)

03 Aug 2020 - Engineering company Monadelphous (ASX:MND) has received a writ of summons from Rio Tinto (ASX:RIO) filed in the Supreme Court of Western Australia for a $493 million …

Infigen Energy (ASX:IFN) revenue drops despite production rise

03 Aug 2020 - Infigen Energy (ASX:IFN) has seen a 26 per cent drop in revenue in the fourth quarter (Q4), even though the company reported increased production. The company blamed …

Monadelphous (ASX:MND) joint venture Zenviron wins $80 million GE wind farm contract

03 Aug 2020 - Zenviron, a Monadelphous (ASX:MND) joint venture, has won an $80 million contract with General Electric to build a wind farm in Victoria.

US stimulus talks linger: Aus shares to open flat

03 Aug 2020 - US stocks ended higher on Friday with major players in tech rallying, but the Australian share market looks set to open flat at the start of trade today, starting the…

Origin Energy (ASX:ORG) demand declines during Covid-19

31 Jul 2020 - Origin Energy (ASX:ORG) reports a 3% drop in production for the June quarter due to lower demand as a result of the Covid-19 pandemic, seeing an overall decline of 5%…

Woolworths (ASX:WOW) converts Marley Spoon (ASX:MMM) bonds

31 Jul 2020 - Woolworths (ASX:WOW) announced its venture capital arm, W23, has converted its $2.95 million convertible bond into 5.9 million CHESS depository interests in meal box …

Clean TeQ (ASX:CLQ) $180m write-down expected for FY2020

31 Jul 2020 - Clean TeQ (ASX:CLQ) will recognise a non-cash write-down of approximately $180 million in its FY2020 results for its Sunrise Project and project-related assets.

Super Retail Group (ASX:SUL) revenue jump expected for FY2020 as sales increase

31 Jul 2020 - Super Retail Group (ASX:SUL) expects to report an increase in revenue, earnings and profit for FY2020, with the group reporting sales growth despite the impacts of Co…

US GDP 32.9% record fall: Aus shares to open lower

31 Jul 2020 - The ASX is pointing towards a weaker start this morning as Wall Street retreated. OceanaGold (ASX:OGC) saw a loss of $US57.4 million for the six months to 30 June.

Westpac to bring back 1,000 jobs: Aus shares close 0.23% lower

29 Jul 2020 - The markets flatlined this afternoon after a dip around midday. The local bourse closed 0.2 per cent lower. The Consumer Price Index fell 1.9 per cent in the June q…

Downer EDI secures $324m in contracts: Aus shares 0.1% lower at noon

29 Jul 2020 - The Australian share market started to lift steadily after opening in the red at the open on the back of a Wall Street dip amid low consumer confidence in the US, dro…

Karoon Energy (ASX:KAR) founder set to retire

29 Jul 2020 - Founder and long-standing Chief Executive and Managing Director of Karoon Energy (ASX:KAR), Robert Hosking, is set to retire at the company's 2020 annual general meet…

St Barbara Mining (ASX:SBM) Q4 production guidance achieved

29 Jul 2020 - St Barbara Mining (ASX:SBM) announces it has achieved its production guidance for the 2020 financial year following a strong fourth quarter.

IGOs (ASX:IGO) Nova and Tropicana achieves Q4 guidance

29 Jul 2020 - Mining and exploration company IGO (ASX:IGO) announces its production at Nova is above guidance while Tropicana is in line with the prior quarter. Underlying free cas…

CIMIC Group (ASX:CIM) in advanced talks to sell Thiess stake

29 Jul 2020 - Multinational contractor CIMIC Group (ASX:CIM) is in advanced negotiations to sell a 50% stake in Thiess, the world’s largest mining services provider. The deal would…

US consumer confidence falters: Aus shares to open lower

29 Jul 2020 - The US markets finished lower, setting the Australian share market for a slow start this morning. On the commodities front, gold is seeing gains. Fintech company Wisr…

Rio Tinto (ASX:RIO) discovers new gold zone at Winu project

28 Jul 2020 - Mining group Rio Tinto (ASX:RIO) announces a discovery of a new zone of gold dominant mineralisation at its Winu copper-gold project in WA.

Sezzle (ASX:SZL) partners with Plaid

28 Jul 2020 - Fintech payment platform company Sezzle (ASX:SZL) announces a partnership with US data network operator Plaid.

Westpac (ASX:WBC) appoints new COO

28 Jul 2020 - Westpac (ASX:WBC) appoints Scott Collary as its new COO, its Group Executive Gary Thursby is set to depart, and announces a new Group Operating Office.

Temple & Webster (ASX:TPW) revenue up despite tough retail conditions

28 Jul 2020 - Australia’s largest e-commerce company in the furniture and homewares market, Temple & Webster Group (ASX:TPW), reports its FY2020 revenue is up 74% to $176.3 million…

US stimulus looms: Aus shares to open higher

28 Jul 2020 - Following positive leads from US markets with Wall Street closing higher, the Australian share market looks set to open in the green this morning. Market sentiment wa…

IAG leads drop: Aus shares close 1.2% lower

24 Jul 2020 - The ASX declined today to close 1.2 per cent lower by 71 points to finish at 6,024, a 0.2 per cent decline over the week. IAG (ASX:IAG) led the drop on the news that …

Vicinity Centres (ASX:VCX) takes $1.79 billion hit

24 Jul 2020 - Vicinity Centres (ASX:VCX), which operates its flagship Chadstone shopping centre in Melbourne, announced a fall of 11.3 per cent in its portfolio net value in the si…

Pental (ASX:PTL) to pay special dividend after boost in White King sales

24 Jul 2020 - Cleaning product manufacturer Pental (ASX:PTL), the maker of White King bleach and Country Life soap, will pay a one-off special dividend to shareholders after a surg…

Iron ore fuels strong export results: Aus shares 1.1% lower at noon

24 Jul 2020 - The ASX slid this morning and is now tracking almost 1.1 per cent lower at noon. The ABS has announced a jump in export growth on the back of strong iron ore exports.…

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