Yearly Archives - 2020

HT&E takes 1.8% stake in oOh!media (ASX:OML)

09 Apr 2020 - oOh!media (ASX:OML) has become aware that HT&E has acquired at least 11 million oOh!media shares as at the latest share register obtained by the Company for 6 April 2020, representing at least 1.8 per cent of the Company’s issued capital.

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Wall Street rally continues: ASX poised to open higher

09 Apr 2020 - The ASX looks set to open higher this morning. US stocks are having a rollercoaster of a week. The 76 day lockdown in the Chinese city of Wuhan where coronavirus first emerged has now ended and people can travel to other parts of China. Meanwhile, oil jumped up ahead of an OPEC meeting that is viewed to lead to production cuts. Auckland International Airport (ASX:AIA) announced today the opening of its NZ$200 million non-underwritten share...

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S&P lowers Australia AAA credit rating to negative: ASX closed 0.9% lower

08 Apr 2020 - The ASX dropped at the open and struggled to gain momentum closing 0.9% lower. Shares in Oil Search (ASX:OSH) have declined after they reported raising $1.1 billion to ride out global price turmoil. Next Science’s (ASX:NXS) Hospital Cleaner Surface Disinfectant has been accepted for registration for inclusion on the product labelling of a Claim for effectiveness against biofilm.

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Fitch downgrades the Big Four banks: ASX tracking 0.3% lower at noon

08 Apr 2020 - The ASX dropped at the open and is struggling to gain momentum but managed to scrape back to be now tracking 0.3% lower at noon. The economic crisis from COVID-19 has prompted Fitch Ratings to downgrade the credit rating for the big four. Treasury Wine Estates (ASX:TWE) announced today its intention to consider a demerger of the Penfolds business and associated assets into a separate company.

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