Yearly Archives - 2020

Local shares to slide at the open: David Murray, John Fraser and Boe Pahari have all resigned from their positions at AMP

24 Aug 2020 - Local shares are set to start the week in negative territory despite a strong finish to the week on Wall Street. David Murray, John Fraser and Boe Pahari have all resigned from their positions at AMP. New Zealand telco Chorus has reported $52 million in net profit for the 2020 financial year just shy of the $53 million made last year.

Read more...

Suncorp rallies 8.9% on NPAT jump: Aus shares flat at noon

21 Aug 2020 - The Australian share market opened higher following positive leads from US equity markets and is now tracking flat at noon. Most of the sectors are in the green, with Real Estate Investment Trusts leading the charge. Pathology and imaging healthcare company, Healius (ASX:HLS) has reported underlying net profit after tax from continuing operations was $55.4 million for the year ended 30 June 2020.

Read more...

US tech rally bolsters ASX: Aus shares set to rise

21 Aug 2020 - The Australian share market looks set to shake off weak US jobs data to rise at the open, boosted by strong performances for US tech stocks. Figures released overnight show that the number of Americans who filed a claim for unemployment last week rose unexpectedly to approx. 1.4 million. Coles Group (ASX:COL) announced that its wholly owned subsidiary, Coles Group Treasury has re-entered the Australian debt capital markets.

Read more...

Reporting season sees pandemic impact: Aus shares 0.8% down

20 Aug 2020 - The Australian share market dropped at the open closing 0.8 per cent down at the end of trade. Sequoia Financial Group (ASX:SEQ) reports a successful FY20 financial performance. The company significantly improved EBITDA of $4.8m, accelerating 2H20 momentum, with EBITDA of $3.4m.

Read more...