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14Feb

Banks play Cupid on Valentine’s Day: Aus shares close 0.4% higher

14 Feb 2020 - The Australian share market gained momentum after midday to close higher. Banking giants NAB (ASX:NAB) and Commonwealth (ASX:CBA) led the charge, following 1H20 results exceeding expectations. Financials were among the strongest gainers, with Magellan (ASX:MFG) and Pinnacle (ASX:PNI) both finishing the day on a positive note. Meanwhile, Energy went the other way, as Woodside Petroleum (ASX:WPL) weighed down the sector.

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14Feb

AMP (ASX:AMP) shares claw back up: ASX trading 0.2% higher at noon

14 Feb 2020 - The ASX is currently on the rise and is now tracking 0.2% higher at noon. Amp (ASX:AMP) shares are on the up despite posting a huge full-year loss yesterday and noting that shareholders will not receive a dividend. Promedicus (ASX:PME) shares continue to fall along with Breville (ASX:BRG). Ridley Corporation (ASX:RIC) has settled the legal proceedings started against it by Baiada.

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14Feb

China’s travel ban extended due to coronavirus: ASX poised to open higher

14 Feb 2020 - Despite Wall St closing lower yesterday, the ASX looks set to open higher this morning after the WHO says new coronavirus cases have stablised – but warn that could change. Global parking business Smart Parking (ASX:SPZ) has been appointed to provide parking technology solutions at London Gatwick Airport, the UK’s second largest airport.

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13Feb

Breville (ASX:BRG) shot up 27.6%: ASX closed 0.2% higher

13 Feb 2020 - It has been a positive day of trade for the ASX, the local bourse managed to close 0.2% higher. Shares in Downer (ASX:DOW) continue to fall after reporting a fall in first half profit yesterday. Treasury Wine Estates (ASX:TWE) shares are tumbling after reporting yesterday that their current CEO, Michael Clarke, will retire. Collins Foods (ASX:CKF) says the settlement of the Federal Court proceedings commenced by Taco Bill Mexican Restaurants.

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13Feb

TPG (ASX:TPM) and Vodafone merger to go ahead: ASX tracking 0.2% higher at noon

13 Feb 2020 - The ASX rose at the open and is now tracking 0.2% higher at noon. Breville (ASX:BRG) shares shot up after reporting half-year net profit up by 14.1%. The best-performing sector is Utilities, while the worst performing sector is Consumer Staples. Vodafone Hutchison Australia welcomes the Federal Court’s decision to allow the proposed merger with TPG Telecom (ASX:TPM) to proceed.

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13Feb

AMP suffers $2.5 billion loss: ASX set to open higher

13 Feb 2020 - The ASX looks set to open slightly higher this morning. European shares also rose. Iron ore rallied. In the US the Treasury department reported that the US budget deficit for the first four months of fiscal 2020 is $389.2 billion. AMP (ASX:AMP) released their financial year 19 results showing net loss attributable to shareholders of $2.5 billion.

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12Feb

CBA boosts financials : Aus shares finish 0.5% higher

12 Feb 2020 - The local sharemarket has closed half a per cent higher today with the sectors proving to be a bit of a mixed bag. Aquaculture company Tassal reported revenue of $274.49 million in the half year ended December 31, down 15.8 per cent on the previous first half.

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12Feb

Asian shares rise as Coronavirus infections slow: ASX poised to open higher

12 Feb 2020 - Following fresh highs from US markets, the ASX looks set to open higher this morning. In the US the Fed reported American households added $US193b of debt in the fourth quarter, driven by a surge in mortgage loans. In Asia, Hong Kong shares rose yesterday as coronavirus infections in mainland China slowed. TerraCom (ASX:TER) has released an offer document in relation to the takeover offer for Universal Coal.

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