AUD rally decelerates after reaching 1.5-year high: ASX closes 0.2% lower
31 Aug 2020 - The Australian share market finished lower despite promising signs of an afternoon rally after midday. Meanwhile, the Australian dollar reached a 1.5-year high this morning, surpassing the 73.8 cent mark for the first time since December 2018. This was a response to the release of private sector profitability and borrowing data. However, the rally decelerated after Midday, on the back of the US dollar strengthening.
Aus shares edge up in choppy trade: S&P/ASX 200 0.2% higher at noon
31 Aug 2020 - The local bourse has edged higher in choppy trade defying expectations of a slip as some of the big banks and BHP trade higher. The S&P/ASX 200 index is 11 points hup or 0.2 per cent higher at 6,085. On the futures market the SPI is 12 points higher.
Sequoia Financial Group (ASX:SEQ) FY20 Results
31 Aug 2020 - Sequoia Financial Group Limited (ASX:SEQ) Managing Director & CEO Garry Crole talks about the company's group strategy, outlook, and much improved FY20 results, despite the challenging operating environment.
NAB (ASX:NAB) agrees to sell its MLC Wealth business to IOOF for $1.44 billion
31 Aug 2020 - NAB (ASX:NAB) is set to sell its MLC Wealth business to IOOF for $1.44 billion.
IOOF (ASX:IFL) financial year net profit up
31 Aug 2020 - IOOF (ASX:IFL) has posted a $147 million statutory net profit for the year to the end of June, up 415 per cent from $28.6 million a year ago.
Sealink (ASX:SLK) posts $13.5 million loss but will still pay dividend
31 Aug 2020 - Sealink Travel Group (ASX:SLK) has posted a $13.5 million loss for the 2020 financial year compared to a statutory Net Profit After Tax of $21.5 million for the year earlier period.
AGL (ASX:AGL) to buy Click Energy for $115 million
31 Aug 2020 - AGL Energy (ASX:AGL) has entered into a binding agreement for the acquisition of Click Energy Group, a wholly owned subsidiary of amaysim Australia, for $115 million.
Aus shares to start the week lower: IOOF to acquire NAB's wealth business
31 Aug 2020 - The local market is expected to start the week lower as earnings season comes to a close. The reporting season has been the worst since the last recession in terms of earnings, the focus on earnings has also led to underperformance in the ASX which is lagging behind Wall Street, with the S&P500 and the Nasdaq both hitting record highs on Friday. All eyes will be on IOOF (ASX:IFL) today following media reports in [...]
Acorn Capital on successful investing in junior resource stocks
31 Aug 2020 - Acorn Capital Resources and Energy Analyst Karina Bader talks about junior resource companies and how investors can try to make money as the companies move from explorers to developers to producers.
Market wraps 0.9% lower: Down 0.6% over week
28 Aug 2020 - The ASX retreated during the first half of the session. It recovered some ground over the afternoon but left the run a little late finishing 0.9 per cent lower for the day. Credit Suisse has upgraded IGO (ASX:IGO) to an Outperform, with a 12-month price target of $4.35.