Author - Craig Foley

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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Philip Lowe says bushfires to take 0.2pp off GDP growth: ASX closed 0.4% higher

05 Feb 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 0.4% higher. Orocobre (ASX:ORE) and Pilbara Minerals (ASX:PLS) saw rises and Resolute Mining (ASX:RSG) and Regis Resources (ASX:RRL) saw declines. CSG (ASX:CSV) report lodgement of court orders with ASIC approving scheme of arrangement with Fuji Xerox Asia Pacific.

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AiG Construction Index improved marginally in January: ASX tracking 0.4% higher at noon

05 Feb 2020 - The ASX rose in mid-morning trade and is now tracking 0.4% higher at noon. Pilbara Minerals (ASX:PLS) shares are up today as are Orocobre (ASX:ORE) meanwhile Silver Lake Resources (ASX:SLR) and Regis Resources (ASX:RRL) shares have fallen. IAG (ASX:IAG) MD and CEO Peter Harmer has appointed Julie Batch as Chief Strategy & Innovation Officer to lead a newly created Strategy & Innovation division.

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