Finance News

Flat finish on ASX: Aus shares close 0.02% lower

21 Feb 2018 - Consumer staples soared with The a2 Milk Company (ASX:A2M) surging ahead a huge 30 per cent today after announcing a whopping 150 per cent rise in net profit for the half year. Wesfarmers (ASX:WES) rallied after reporting a lift in revenue for the half year despite a fall in profit, and Worley Parsons (ASX:WOR) increased on the back of an interim profit improvement. There was a sell-off in mining. This comes after BHP (ASX:BHP) reported [...]

Shaking off losses: Aus shares flat lining at noon

21 Feb 2018 - Market at Midday report: On the back of a swag of companies reporting better than expected results, the ASX200 is starting to claw back its early losses despite mixed economic news. a2 Milk's (ASX:A2M) net profit after tax soared 150 per cent to NZ$98.5m and its shares soar, Bellamy’s Australia (ASX:BAL) follows. Seven Group Holdings (ASX:SVW) sees 64 per cent lift in its underlying net profit. Coca-Cola Amatil's (ASX:CCL) statutory net profit after tax jumps [...]

Wall St falls: Australian shares poised to open lower

20 Feb 2018 - The U.S. markets halted a six-day rally as disappointing results from Walmart weighed on major indexes as the dollar pushed higher. Technology was the best performing sector, gains in Amazon and chip stocks helped the Nasdaq hold near unchanged. The Dow finished 255 points lower by the closing bell.The A2 Milk company (ASX:A2M) has announced its half year earnings have exceed those for the full 20-17 financial year. The company reported its net profit after [...]

ASX slips on financial results: Aus shares close flat

20 Feb 2018 - After opening lower, the Australian share market had a weak day before climbing back up to finish flat by the closing bell. It was a mixed bag today, but many of the top banks and miners were in the red, while the energy and info tech sectors were tracking higher. Aconex (ASX:ACX) reports a net loss of $2.95 million attributable to members for the half year to December 2017 compared to the same time last [...]