Author - Craig Foley

Asian markets close lower: ASX closes 0.1% higher

18 Dec 2019 - It was a flat lunchtime for the ASX but it managed to gain momentum and closed 0.1% higher. Cimic (ASX:CIM) shares have dropped despite their CPB contractors winning the $423m contract for Perth’s Metronet yesterday. Energy infrastructure business, APA Group (ASX:APA) has entered into a new gas transportation agreement on the East Coast Grid with AGL Energy (ASX:AGL).

Read more...

Australian leading index falls again: ASX tracking 0.1% higher at noon

18 Dec 2019 - The ASX has been on a rollercoaster ride so far this morning. It is now tracking 0.1% higher at noon. Shares in Oil Search (AX:OSH) have risen today after they reported they expect to start early engineering work in Alaska and a rise in resources. Codan (ASX:CDA) have made a good start to the first four months of the year, with Metal Detection and Communications sales exceeding expectations.

Read more...

Westpac (ASX:WBC) face shareholder class action

18 Dec 2019 - Westpac Banking Corporation (ASX:WBC) today confirmed that it has been served with a class action filed by Phi Finney McDonald on behalf of certain shareholders who acquired an interest in Westpac securities between 16 December 2013 and 19 November 2019.

Read more...

The British pound slumps on fears of a hard Brexit: ASX poised to open higher

18 Dec 2019 - Following soft leads from US markets, the ASX looks set to open higher this morning. European stocks were mixed and over in the UK the pound fell more than 1% yesterday after reports said that the British government will block a delay to the post-Brexit transition period. Infratil (ASX:IFT) today announced that Chief Executive Vince Hawksworth will be leaving Trustpower for Mercury.

Read more...