Finance News

Energy stocks took a fall this week: ASX closed 0.8% higher

19 Jul 2019 - It has been a positive day of trade for the ASX. The local bourse managed to maintain momentum to close 0.8% higher. NAB announced their new CEO Ross McEwan from the Royal Bank of Scotland. The CIMIC Group (ASX:CIM) saw strong declines in their shares this week. And IMF Bentham (ASX:IMF) reports that a confidential partial settlement has been reached in an Australian case it has funded.

Banks and miners boost market: ASX tracking 0.8% higher at noon

19 Jul 2019 - The ASX climbed at the open following leads from Wall Street and is now tracking 0.8% higher at noon. Banks helped. The NAB (ASX:NAB) saw a rise in their shares after the announcement of new CEO, Ross McEwan. The Financials sector is leading the way and the Energy sector trailing behind. QBE (ASX:QBE) will be posting an adjustment to their 1H19 and FY19 statutory results after UK changes to relation to personal injury claims.

Will US cut rates?: ASX poised to open higher

19 Jul 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. US stocks rebounded after the Fed Reserve Bank of NY President John Williams highlighted the need for action if policy makers decide the economy is in trouble. Village Roadshow (ASX:VRL) announced the appointment of Peter Tonagh as an Independent Non-Executive Director effective from today.

Weak 1H profits see CIMIC shares plummet: ASX closes 0.4% lower

18 Jul 2019 - It has been a negative day of trade for the ASX. After opening in the red the local bourse failed to gain momentum closing 0.4% lower. Western Areas (ASX:WSA) shares saw a rise today after they reported a strong quarter cashflow and met all production and cost guidance metrics for FY19. Ausnet (ASX:AST) AGM results show an increase in dividends by 5% and recording total shareholder returns of 13.9%.