Wesfarmers’ (ASX:WES) Kmart Group’s $480 million writedown
22 May 2020 - Wesfarmers (ASX:WES) will make drastic changes to its under performing Target retailer.
22May
22May
Virgin Australia (ASX:VAH) administrators file Chapter 15 petition
22 May 2020 - Virgin Australia (ASX:VAH) administrators Deloitte have filed a Chapter 15 petition in New York
22May
Novonix (ASX:NVX) – new manufacturing method for battery materials
22 May 2020 - Novonix Limited (ASX:NVX) Managing Director Philip St Baker talks about the company's breakthrough dry particle microgranulation (DPMG) method for reducing waste in the manufacture of anode and cathode materials for lithium-ion batteries, restarting of operations in North America and outlook for 2H20.
22May
Trump vows to keep US open during second wave of Covid-19: ASX poised to open lower
22 May 2020 - Following a fall in US markets overnight, the ASX looks set to open lower this morning. Mining stocks pulled the market down yesterday after reports changes to China's rules around inspecting iron ore could hit Australian exporters. In the US, President Donald Trump has said he will not close the country if a second wave of coronavirus infections hits. Cromwell Property Group (ASX:CMW) has settled the sale of a 50% stake in two office blocks...
21May
Afterpay (ASX:APT) a strong performer after releasing US figures: ASX closes 0.4% lower
21 May 2020 - After opening in the black the local bourse lost momentum to close 0.4% lower. NRW Holdings (ASX:NWH) shares shot up today after reporting record revenue of $1.6 billion for 10 months and EBITDA of $177 million. Afterpay (ASX:APT) was a strong performer. Insurance broking and underwriting company the Steadfast Group (ASX:SDF) has chosen to release its unaudited April 2020 reports.
21May
Aristocrat (ASX:ALL) shares down after fall in first half net profit: ASX tracking 0.2% lower at noon
21 May 2020 - The ASX has had a rollercoaster of a morning dipping in midday trade after a rise at the open and is now tracking 0.2% lower at noon. Shares in NRW Holdings (ASX:NWH) are up as are Perenti Global (ASX:PRN). Shares in gambling machine manufacturer, Aristocrat Leisure (ASX:ALL) took a dip today after reporting their first half net profit was down 13%. And Breville Group's (ASX:BRG) SPP opens today.
21May
Infratil (ASX:IFT) says CDC Data Centres are expanding into New Zealand
21 May 2020 - Infrastructure company Infratil (ASX:IFT) is pleased to announce that CDC Data Centres is expanding into New Zealand.
21May
ioneer (ASX:INR) completes its Asian boric acid distribution and sales
21 May 2020 - Lithium–boron supplier ioneer (ASX:INR) has secured two separate boric acid Distribution and Sales Agreements for the supply of boric acid from their Rhyolite Ridge Lithium-Boron Project in Nevada, USA.
21May
Aristocrat Leisure (ASX:ALL) see revenue up 7%
21 May 2020 - Australian gambling machine manufacturer, Aristocrat Leisure (ASX:ALL) for the six month to the end of March, saw normalised profit after tax and before amortisation of acquired intangibles at $368.1 million, down 13 per cent.
21May
Afterpay (ASX:APT) see lockdown boost in customers in the US
21 May 2020 - “Buy Now, Pay Later” company Afterpay (ASX:APT) now has more than five million active shoppers in the US using the service at their merchant partners.