Author - Craig Foley

WHO shift sentiment on coronavirus: ASX poised to open higher

31 Jan 2020 - Following positive leads from US markets, the ASX looks set to open higher this morning. The shift comes as the WHO says that it sees no reason for measures regarding the coronavirus that unnecessarily interfere with international travel and trade. Perpetual (ASX:PPT) today announced its intention to acquire Trillium Asset Management a Boston-based specialist ESG investment firm with FUM of $5.5b.

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Webjet (ASX:WEB) shares continue to slide: ASX closed 0.3% lower

30 Jan 2020 - It has been a mostly negative day of trade for the ASX closing 0.3% lower. Webjet (ASX:WEB) shares continue to slide after they issued a statement yesterday to "clarify inaccuracies" from an analyst report as to how Webjet acquires traffic and the impact of Google Flights on that traffic acquisition. Saracen Mineral Holdings (ASX:SAR) has sold its 10.5% interest in Red 5 (ASX:RED) for approximately $39 million.

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Orocobre (ASX:ORE) report challenging market conditions

30 Jan 2020 - Orocobre (ASX:ORE) released their December quarter key highlights showing the Olaroz Lithium Facility responded to challenging market conditions by reducing operating costs 16% quarter on quarter (QoQ) and achieving a gross margin of 24% to retain positive operational cashflow.

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Nearmap (ASX:NEA) slashes guidance

30 Jan 2020 - Aerial imagery technology and location data company Nearmap (ASX:NEA) reports that its annualised contract value (ACV) grew by 23 per cent on the prior corresponding period to $96.6 million during the first half of FY 2020.

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