Finance News (Page 2)

Property sector on ASX at new decade high: Aus shares close 0.11% lower

25 Jun 2019 - The Australian share market shaves off half of yesterday’s gains with Utilities remaining under water. Property sector/REITs hits new decade high. Magellan (ASX:MFG) renews fund admin service agreement with Mainstream (ASX:MAI). Sandfire Resources (ASX:SFR) to takeover MOD Resources (ASX:MOD) for $167m. Aus Govt extends Helloworld Travel (ASX:HLO) services for entire Govt for 2 years. IAG (ASX:IAG) in talks to potentially sell 26% of SBI General Ins.

Metcash extends losses: ASX 0.2% higher at noon

25 Jun 2019 - The ASX opened lower following weak leads from Wall Street and is now tracking 0.2% higher at noon. The rebound saw rises in Saracen Mineral Holdings (ASX:SAR), and St Barbara (ASX:SBM). Meanwhile Nearmap (ASX:NEA), dropped almost 6 per cent. Metcash shares have extended their losses from yesterday after several broker downgrades. Copper miner Sandfire Resources (ASX:SFR) is to acquire MOD Resources (ASX:MOD).

Markets await G20 summit meetings: ASX poised to open lower

25 Jun 2019 - Following soft leads from US markets, the Australian share market looks set to open lower. President Trump has signed an executive order imposing “hard-hitting” new sanctions on Iran. Investors are waiting anxiously for outcome of a meeting with President Trump and China’s President Xi at the G20 summit in Japan. The Regional Express Group's (ASX:REX) wholly-owned subsidiary, PelAir Aviation has been awarded a two-year contract extension for the provision of Fixed Wing Air Ambulance Services.

Back into record territory on Ausdrill rally, rates cut in July: ASX 0.2% higher

24 Jun 2019 - Aussie shares back close 0.2% higher after spending most of the day in the red. Westpac (ASX:WBC) expects rates to be cut in July. Navitas’ (ASX:NVT) BGH takeover now legally effective & it ceases trading on the ASX after gaining 28% YOY. Ausdrill’s (ASX:ASXL) Barminco inks 5-year $800m contract. Aveo (ASX:AOG) to find it difficult to provide EPS guidance.