Yearly Archives - 2020

China factories reopen after extended break: ASX poised for a flat start

10 Feb 2020 - It’s a bit of a lacklustre start to the week on the markets, looking set for a flat start. Factories in China are expected to reopen today after being closed for an extended Lunar New Year holiday. Companies we can expect to hear schedules results from today are Aurizon (ASX:AZJ), GPT Group (ASX:GPT), JB HiFi (ASX:JBH). Advanced Nanotek (ASX:ANO) says the TGA have completed the approval process of their Brisbane laboratory licence.

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Coronavirus impacts earnings: Aus shares close 0.4% lower

07 Feb 2020 - Despite today’s losses, over the week the market has gained 0.1%. RBA Governor says coronavirus has created economic uncertainty. This comes as Honda and Toyota extend the closure of their Chinese factories and Flight Centre (ASX:FLT) warns that coronavirus has affected travel patterns in Asia.

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RBA expects economic growth to pick up: Aus shares 0.4% lower at noon

07 Feb 2020 - The Australian share market opened slightly lower defying positive leads from Wall Street and is now tracking 0.4 per cent lower at noon, with economic data on the services industry and optimistic projections from Reserve Bank of Australia Governor Philip Lowe doing nothing to turn the tide. Medicinal cannabis company Cann Group (ASX:CAN) has successfully completed its $8 million raising.

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Kathmandu (ASX:KMD) report rise in Rip Curl sales

07 Feb 2020 - Adventure retailer Kathmandu (ASX:KMD) report group underlying EBIT for the first half of financial year 2020 is expected to be around 40 per cent above the same period last year following the successful acquisition of surf retailer Rip Curl.

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Melco abandons plans to increase stake in Crown Resorts (ASX:CWN): ASX poised to open higher

07 Feb 2020 - Australian shares are poised to open higher after positive leads from New York. All three US benchmarks closed higher, resetting record highs. Shares also rose across Europe in response to China's decision to cut tariffs on some imported US goods. Crown Resorts (ASX:CWN) have entered into a deed to terminate the sale of the second tranche of Crown shares to Melco Resorts Group.

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Webster’s (ASX:WBA) Canadian takeover underway

07 Feb 2020 - Agricultural group Webster (ASX:WBA) reports that the Supreme Court of NSW has made orders approving the Ordinary Scheme of Arrangement under which an indirect wholly-owned subsidiary of Canada’s Public Sector Pension Investment Board will acquire all of the ordinary shares in Webster that they not already own.

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