Yearly Archives - 2020

CIMIC (ASX:CIM) selected for two new contracts worth $164m: ASX closes 1.1% higher

06 Feb 2020 - The ASX shot up at the open and managed to stabilise closing 1.1% higher. Pinnacle Investment Management (ASX:PNI) shares rose after they reported net profit from continuing operations up 37% to $13.8 million. CIMIC Group (ASX:CIM) company CPB Contractors has been selected to deliver upgrades to two major regional highway projects totalling $164 million.

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Retail turnover fell 0.5 per cent in December 2019: ASX tracking 0.6% higher at noon

06 Feb 2020 - The ASX rose at the open and is now tracking 0.6% higher at noon. Service Stream (ASX:SSM) shares saw a decline today. Meanwhile, shares in Elders (ASX:ELD) and Janus Henderson Group (ASX:JHG) are on the rise. And Lynas (ASX:LYC) Malaysia says they are deeply disappointed by the behaviour of anti-Lynas activists who they say continue to make false statements.

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Trump acquitted in impeachment trial: ASX poised to open higher

06 Feb 2020 - The ASX looks set to open higher this morning as US stocks closed at new record highs. Shares also closed higher across Europe. Yesterday the Senate voted to acquit President Donald Trump on both counts in his impeachment trial. Nick Scali (ASX:NCK) has reported a fall in its first half profit, showing net profit after tax of $21.4m, down 15% on the prior corresponding period.

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Service Stream (ASX:SSM) increases dividend

06 Feb 2020 - Leading essential network services company Service Stream (ASX:SSM) today released its financial results for the half-year ended 31 December 2019, showing adjusted NPAT of $32.3 million up 28 per cent on the prior corresponding period.

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