Urbanest to sell Aust student housing arm

广东时时彩11选五 www.yya1n.com.cn Student accommodation provider Urbanest says it will sell its 15 Australian assets.

Ikea will open first Mexico store in 2020

IKEA will open its first store in Mexico in 2020 as the world's largest furniture retailer expands in Latin America.

Aristocrat lifts HY profit 15% to $356.5m

Aristocrat Leisure has lifted first-half profit 15 per cent to $356.5 million, helped by what the gaming giant says was an improved domestic performance.

Reject Shop CEO out after profit warning

The Reject Shop says it will close down seven of its stores by the end of June as it warned of a likely loss for the 2019 financial year.

Wesfarmers' $776m Kidman bid to go to vote

Kidman Resources shareholders will vote on Wesfarmers' $776 million takeover offer in August after the companies entered into a scheme implementation deed.

Drought 'new norm' for Aus dairy: Fonterra

NZ dairy giant Fonterra has cut its full-year guidance and will close a century-old factory in western Victoria amid ongoing drought conditions.

ASX expected to dip at start of trade

The futures market is pointing to a dip in the ASX at the start of trade.

Trade worries drag copper to 4-month lows

Copper prices dropped as investors feared for global economic growth.

Investors seek safety amid US-China spat

Renewed worries over the US-China spat after reports Washington has another Chinese tech firm in its sights have helped mute trade in global stocks.

Healthscope shareholders approve buyout

Healthscope shareholders have approved the hospital company's acquisition by Brookfield Asset Management.

Construction work falls 1.9% in March qtr

Construction work done across Australia fell by 1.9 per cent in the March quarter, dragged down by engineering and residential sectors.

AACo FY loss widens on $47m flood impact

AACo's full-year loss widened by 45 per cent to $148.4 million after the meat producer took a $47 million hit from the North Queensland floods.

APRA flags tougher capital requirements

APRA may impose additional capital requirements on some financial institutions after finding risk assessment abilities are not up to scratch.

'Not at the level we aspire to': BOQ

Bank of Queensland's chairman remains optimistic despite a performance that was less than the regional lender had hoped for.

Fortescue green lights $417m Pilbara mine

Fortescue will spend about $417 million to develop the Queens Valley mining area in the Pilbara as part of a plan to boost margins through higher grade product.

Global stocks gain on eased Huawei curbs

Washington's temporary easing of trade restrictions on tech giant Huawei has helped prompt stock markets to gain

Cut to cash rate likely 'appropriate': RBA

A cash rate cut looks near certain after RBA board members said "a decrease ... would likely be appropriate" if the labour market did not improve.

Lynas spends $500m on production, WA plant

Rare earth producer Lynas is choosing between two sites for an initial ore processing facility, one near Mount Weld, another near Kalgoorlie in WA.

APRA suggests easing mortgage criteria

APRA has proposed banks scrap the 7.0 per cent floor in mortgage serviceability assessments and instead set their own minimum interest rate.

Myer appoints retail expert Jacquie Naylor

Myer has appointed Jacquie Naylor as a non-executive director, who will bring more than three decades worth of retail experience to the department store.

James Hardie FY profit up 57%, cuts payout

James Hardie has cut its final dividend despite lifting full-year profit 57 per cent to $US228.8 million.

Seven West Media flags FY earnings drop

Seven West Media has blamed a softer advertising market for an expected drop in full-year earnings.

ANZ hires Ken Adams as its top lawyer

ANZ has appointed Ken Adams as its top lawyer to replace retiring group general counsel Bob Santamaria.

Consumer confidence bounces back: ANZ

The ANZ-Roy Morgan consumer confidence survey conducted over the weekend recorded a rise in sentiment.

Apple Pay continues NAB charm offensive

NAB's moves to rebuild goodwill with customers has continued with the bank letting customers use Apple Pay with their bank-issued credit and debit cards.

OFX lifts full-year profit 12% to $20.9m

Online forex provider OFX has lifted underlying full-year profit 12 per cent to $20.9 million despite a quiet time in the global money transfer market.

Zinc at 4-month low on China output surge

Zinc prices dipped while industrial metals edged lower as trade tensions between the United States and China lingered.

European shares dip as Huawei worries rise

European stocks have dipped on concerns about a fall-out from a US crackdown on China's Huawei Technologies.

Lynas plans new US processing facility

Western Australian rare earth minerals miner Lynas Corp is moving to set up a rare earths separation facility in the United States.

Banks surge as intervention threat recedes

The government's re-election has boosted banks and insurers by ending the threat of dividend imputation changes, increased regulatory scrutiny, and premium caps

Tas shipbuilder making huge aluminium ship

Tasmanian shipbuilder Incat has won an $US130 million order to build the world's largest aluminium ship, a 130m ferry that will be used in Latin America.

Auction volume dwindles on poll day

More Australians stood in line for an election day sausage than paid attention to property auctions on Saturday, CoreLogic data suggests.

Coalition election win lifts Aussie dollar

The Australian dollar is higher after after Prime Minister Scott Morrison's centre-right Coalition pulled off a shock win in the federal election.

Poor season wilts Elders' HY profit by 34%

Elders' profit is down after hot and dry conditions reduced summer cropping volumes, with cattle prices also easing and the national wool clip shrinking.

Linda Mellors to lead Regis Healthcare

Mercy Health executive Linda Mellors will take over as Regis Healthcare chief executive in August.

Heston Blumenthal buys into Murray Cod

British chef Heston Blumenthal and his Fat Duck group have become stakeholders in inland fish farm company Murray Cod Australia.

Scentre in $575m Westfield Burwood deal

Scentre has sold a 50 per cent stake in Sydney's Westfield Burwood shopping centre to Perth-based Perron Group for $575 million.

Incitec Pivot profit tumbles on Qld floods

Incitec Pivot's first-half profit has tumbled by more than two thirds following the north Queensland floods.

Copper dips to fifth weekly loss

US-Chinese trade tensions contributed to a fall in copper prices at the end of last week.

NAB tips RBA to cut rates in June, Aug

NAB has brought forward its forecast for a cash rate cut and now expects the Reserve Bank to act in June and August.

Citadel shares fall 35% on profit warning

Citadel Group shares are down by more than a third after the Canberra company's revenue was hit by fallout from the federal and NSW elections.

QBE's McMillan quits to head up UK firm

QBE has announced its chief operating officer David McMillan will leave the company after two years for a CEO role at a UK-based insurer.

Neuren shares gain on early study results

Shares of Neuren Pharmaceuticals are up more than 20% after the biotech company reported one of its drug candidates had shown early promise in mouse studies.

Infratil posts $NZ19.5m FY loss on capex

Infratil shares have been placed in a trading halt as it embarks on a $NZ400 million capital raising program to partially fund the acquisition of Vodafone NZ.

China supply concerns help boost aluminium

Aluminium prices edged up as one of the biggest aluminium smelters in China said it was closing all production lines at its refinery for an unspecified period.

Blackmores' local boss leaves for BWX role

Blackmores' managing director David Fenlon will leave the supplement maker to replace Myles Anceschi as BWX chief executive.

Xero FY loss widens 9%, subscribers up 31%

Impairments against Xero's US payroll product has increased the accounting software firm's full-year loss, but subscriber numbers are up.

CSR names Julie Coates as new CEO

CSR has named Goodman Fielder Limited managing director Julie Coates as its new chief executive, replacing the retiring Rob Sindel.

CSL appoints chief operating officer

Biotech giant CSL has appointed Paul McKenzie as chief operating officer to lead its new global end-to-end supply chain organisation.

Copper gains amid hope for trade deal

The price of nickel rose as positive German economic data boosted sentiment.

Global stocks bounce fades on China data

Grim China data and fresh Italian debt woes have cast a shadow over global markets following a bounce stemming from softer trade rhetoric from Donald Trump.

Dulux H1 profit dips 14%, flags better H2

DuluxGroup has announced a 13.9 per cent drop in first-half profit to $68.2 million but forecasts a better second half to the year.

Optus Q4 strong but full-year profit dips

The Singtel-owned company announced a 16 per cent drop in full-year net profit with the suspension of the NBN's HFC network weighing on the balance sheet.

Consumer confidence edges up: Westpac

Consumer confidence edged higher last week compared to the previous month, according to the Westpac-Melbourne Institute consumer sentiment index.

Aus imports wheat for first time in 12yrs

Australia will import wheat from Canada for the first time in 12 years as drought continues to shorten supply of the staple grain.

AP Eagers expects softer first half profit

AP Eagers chief executive Martin Ward cited a challenging domestic car retail environment amid expectations of softer profit in the first-half.

Copper rebounds on bargain hunting

Copper price rose after investors viewed the previous decline as a buying opportunity.

Saudis confirm drones strike oil stations

Saudi Arabia says oil infrastructure sites have been targeted in the kingdom and at least one of the attacks was carried out by drones.

World stocks hover near two-month lows

Slightly more optimistic trade comments from US and Chinese officials brought some comfort a day after equities suffered their worst sell-off so far this year.

Fixed line still dominates downloads: ACCC

The most common way to use to internet in Australia may be the mobile phone but users still prefer to download their major data on fixed lines.

Bitcoin hits 10-month high, tops $US8,000

Bitcoin has breached the $US8,000 mark as a cryptocurrency rally gained steam, putting a bruising "crypto winter" behind it.

Confidence slips after RBA holds rate: ANZ

Australians' perception of the economy at large took a sharp negative turn last week, ANZ analysts say.

Kathmandu appoints CFO after role split

Chris Kinraid has been appointed the new chief financial officer of outdoor clothing and equipment company Kathmandu.

Infratil, Brookfield to buy Vodafone NZ

NZ infrastructure investment company Infratil and global investment company Brookfield Asset Management have agreed to buy Vodafone NZ for $3.2 billion.

Ruralco profit dips 3.7% on takeover costs

Ruralco's first-half profit dipped 3.7 per cent after a rise in costs including those associated with Canadian fertiliser maker Nutrien's takeover proposal.

Target AHG downgrades FY profit guidance

Takeover target Automotive Holdings has downgraded its profit guidance and says its full-year results could also contain writedowns.

Downer wins Chorus network contract in NZ

Downer has been selected by New Zealand's largest telecommunications company to carry out field services, which will generate $220 million revenue.

Lead hits 33-month low on trade conflict

Lead prices fell amid concerns about renewed US-Chinese trade tensions.

US-China setback prolongs equities slide

Crushed hopes of an imminent US-China trade deal have prompted a fall in global equities and fears of a fresh round of tit-for-tat tariffs.

Aussie suffers hits from Sino-US spat

Global stock markets, and global growth-sensitive currencies such as AUD and NZD, may be hit by fears a trade war will spread.

Fonterra sells Tip Top ice cream for $358m

Global ice cream giant Froneri has bought New Zealand's Tip Top ice cream brand from Fonterra for $A358 million.

Pressure on new lending set to continue

The value of new home loans fell 3.2 per cent in March and tight lending standards are likely to keep the pressure on.

TasFoods to buy Betta Milk for $11.5m

TasFoods is buying iconic Tasmanian milk company Betta Milk for $11.5 million, an aquisition it called "transformational".

Melbourne, Brisbane auction volumes halve

The number of property auctions held in Melbourne has halved compared to the same week a year ago, according to CoreLogic data.

Eclipx to book $130m hit on troubled units

Eclipx Group is selling its GraysOnline and Right2Drive businesses after flagging first-half impairments of up to $130 million.

Lendlease denies Japan takeover 'approach'

Property Group Lendlease says it has not received an approach from an unnamed Japanese suitor, as speculated in media reports.

CBA remediation provisioning passes $2bn

Commonwealth Bank says its third-quarter profit fell 28 per cent compared to the two previous periods after $714 million in customer remediation provisions.

Copper rebounds on hopes for trade deal

Most industrial metals increased in value on Friday amid renewed optimism about trade between the China and the United States.

Aussie share market tipped to open higher

The Australian share market is expected to open positively in the wake of the latest trade talks between the US and China.

Uber falls 9% in rocky stock market launch

Uber has had a rocky start to its stock market launch, tumbling 9 per cent despite pricing its oversubscribed IPO at $US45 per share, amid investor scepticism.

Pre-Brexit rush boosts UK economy

The British economy expanded by a solid quarterly rate of 0.5 per cent in the first three months of the year.

Cuts still expected after RBA forecasts

The RBA has confirmed its downgraded near-term economic growth forecasts, but still expects GDP growth of 2.75 per cent over the subsequent 18 months.

News Corp shares climb on $23m Q3 gain

Rupert Murdoch's News Corp has posted $US23 million ($A32.9 million) net income for the third quarter following the consolidation of Foxtel.

GrainCorp payout evaporates, stock slumps

Bulk grains handler GrainCorp will not pay shareholders an interim dividend after it swung to a $59 million half-year loss following severe drought.

Qantas sells Melb airport assets for $276m

Melbourne Airport will pay Qantas $276 million for the capital improvements it has made to Terminal 1 and will take over its retail operations.

Aussie still hostage to US tariff threats

US President Donald Trump has kept up his war of words with China over trade, even with talks between to two protagonists set to resume.

QBE avoids second strike over pay at AGM

QBE has acknowledged dissatisfaction over executives' pay packets and avoided a second strike against its remuneration report.

Qantas Airways sees record annual revenue

Qantas says its revenue was up 2.3% in the third quarter to $4.4 billion as more business travellers flew with the airline.

Macquarie Capital downsizes in the Gulf

Macquarie Capital is pulling back its presence in the Middle East, pulling out of Saudi Arabia and downsizing in Abu Dhabi.

World shares near five-week low

Renewed trade tensions and global economy fears have driven investors into the safety of bonds and the Japanese yen as world shares held near five-year lows.

Vodafone to fight ACCC on TPG merger

TPG and Vodafone Hutchison Australia say they are still committed to their planned merger and will go to court to fight for it.

Govt subsidies needed for biofuels: Qantas

A Qantas executive says government will need to be fully committed if Australia is to rival leader California in terms of biofuel uptake.

CSR profit shatters on glass, power prices

CSR's full-year profit has sunk 59 per cent to $78 million, weighed down by losses associated with the sale of its Viridian Glass business.

AHG board backs improved AP takeover offer

AP Eagers has agreed to vary its previous all-scrip offer to acquire the ordinary shares in AHG it does not already own.

Copper heads towards February lows

Copper prices dropped amid concern about US-China trade tensions.

March retail spend up, but Q1 volumes down

Retail spending rose 0.3 per cent in March, beating market consensus expectations, but March quarter sales volumes slipped.

Actinogen shares crash after drug trial

Shares in Actinogen Medical are down by two-thirds after a two-year drug trial found the Sydney biotech company's drug hadn't worked to treat Alzheimer's.

Consumer confidence 'holding pattern': ANZ

Consumer confidence dipped last week with experts predicting the "holding pattern" will be disrupted by the Reserve Bank's interest rates decision.

Shanghai copper, nickel hit 3-month lows

Shanghai copper and nickel hit their lowest in more than three months amid an escalation of a trade tensions between the United States and China.

Westpac profit down 22% but dividend flat

Westpac chief executive Brian Hartzer says the bank's first-half results are disappointing but says the business may be over the worst of it.

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