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News
Suncorp Group Limited To Hold EGM For Approval On Pro-Rata Return Of Capital Following The Sale Of Its Australian Life Insurance Arm
October 04, 2018 07:04 AM AEST| By Team Kalkine MediaSuncorp Group Limited (ASX: SUN) intends to hold Extraordinary General Meeting, seeking for the approval of shareholders in respect of pro-rata return of capital and share consolidation on the sale of its Australian life insurance business. The meeti...
Banking Royal Commission: Freedom Insurance Shares Plummet On Direct Phone Sales
October 04, 2018 06:56 AM AEST| By Team Kalkine MediaAfter stopping new sales and revealing plans to more than splitting fifty-fifty its workforce, Freedom Insurance shares have fallen as much as 27 percent. Responsible for some of the evidence revealed at the banking royal commission, amid a regulator...
Adulteration Found In 18% Of The 38 Samples Of Australian Honey
October 04, 2018 06:48 AM AEST| By Team Kalkine MediaAustralia is the world?s fourth-largest exporter of honey and honey is the world?s third-most adulterated food. The recent study by Macquarie University scientists?revealed that adulteration was found in almost one in five samples of local honey. The...
Looking For Making Investments In The US Stocks While In Australia? Well, Go Ahead!
October 04, 2018 05:49 AM AEST| By Team Kalkine MediaThe market participants in Australia wanting to chase the US stocks can now do so as they can now make deployments in the Apple Inc. (NYSE: AAPL) and 30 other US companies by the mid of the next year. Chi-X Australia has allowed to trade in the US st...
Bank of Queensland Limited’s (ASX: BOQ) shares soar despite lower profit
October 04, 2018 05:42 AM AEST| By Team Kalkine MediaEarly this morning, 4 October 2018, Bank of Queensland announced their FY18 results for the 12 months ended 31 August 2018. Statutory net profit after tax for fiscal 2018 slipped to $336 million, down by 5% on previous year NPAT of $352 million. It r...
How To Read A Financial Report
October 04, 2018 05:35 AM AEST| By Team Kalkine MediaThe company?s financial performance is usually judged by its Financial Reports. Financial report provides details of financial activities and financial position of the company over a specific period of time. Most businesses and organizations provide...
Banking Royal Commission: Economist Warning
October 04, 2018 05:12 AM AEST| By Team Kalkine MediaBanking royal commission has laid out the policy recommendation and a lot seem to be riding on the same including the stability of Australian property markets. Consequences which are unintentional are expected from the royal commission?s recommendati...
Magellan Financial Group Limited’s (ASX: MFG) CEO Hamish Douglass Swaps Role With Chairman Dr Brett Cairns
October 04, 2018 04:56 AM AEST| By Team Kalkine MediaMagellan Financial Group co-founder Hamish Douglass steps aside as Chief Executive Officer and takes the role of chairman at Magellan, swapping position with current Chairman Dr. Brett Cairns. In a media release dated 4 October 2018 Magellan Financi...
IOOF Holdings’ Take Over Of ANZ’s Wealth Business Is Still In Doldrums
October 04, 2018 04:51 AM AEST| By Team Kalkine MediaIOOF Holdings Limited (ASX: IFL) announced on 2 October 2018 that purchase of Australia and New Zealand Banking Group Limited?s (ANZ) OnePath pension and investments business is expected to be completed by the end of March next year. However, accordi...
Collins Foods’ Shares Zoom Up – Fast Food Group Announces Roll Out Of More Taco Bell Restaurants
October 04, 2018 04:36 AM AEST| By Team Kalkine MediaOn 4 October 2018, Collins Foods Limited (ASX: CKF) announced that the company has entered into a Development Agreement with Taco Bell (a subsidiary of Yum! Brands Inc.) that will govern the roll-out of more than 50 new Taco Bell restaurants across d...
US Economy Is On A Roll: What Investors Need To Know
October 04, 2018 04:25 AM AEST| By Team Kalkine MediaThe macro-economic data released on October 3, 2018 showed that the US economy is accelerating at a rapid pace lifting the hopes of the global investors. The robust momentum in the economy helped the US benchmark rates on the government bonds and, as...
Pureprofile Limited’s (ASX: PPL) Impairments Cost Increased The FY18 Loss From $12 Million To $26 Million
October 03, 2018 03:22 PM AEST| By Team Kalkine MediaIn the 2018 annual report, Pureprofile Limited (ASX: PPL) announced the statutory loss after tax of $26.0 million but to the contrary in the preliminary financial results the company posted statutory loss of $12.1 million for the year ended 30 June 2...
7 Lithium Stocks – GXY, ORE, LIT, PLS, MIN, AJM and LPD
October 03, 2018 02:00 PM AEST| By Team Kalkine MediaLithium stocks have had a strong run last year as the demand from the EV battery makers cranked up across the world, having said that the year 2018 has not been the best so far for the metals and mining stocks. Galaxy Resources Limited (ASX: GXY) -...
Canada’s Massive LNG Project Gets A Go Ahead
October 03, 2018 01:43 PM AEST| By Team Kalkine MediaA C$40 billion liquified natural gas (LNG) project in Canada has received final approval from Anglo-Dutch giant and its stakeholders on Tuesday, thereby marking the first major victory in Canada?s energy sector over the past couple of years. The fir...
Centuria Industrial REIT (ASX: CIP) Rejects Propertylink’s Acquisition Bid
October 03, 2018 01:36 PM AEST| By Team Kalkine MediaIn an announcement to ASX, Centuria Industrial REIT said that the Independent Board Committee (IBC) of its entity Centuria Property Funds No. 2 Limited (CPF2L) has refused the takeover proposal of Propertylink Group (ASX: PLG). The offer was receive...
Max Brenner Is Considering Recapitalization Of Its Business
October 03, 2018 01:25 PM AEST| By Team Kalkine MediaThe luxury chocolate chain Max Brenner is currently dealing with an uncertain future as it is considering going into voluntary administration. This decision is being taken mainly due to the sluggish sales and rising costs which have made a tough reta...
REST Facing Legal Battle Amidst Climate Risk
October 03, 2018 01:19 PM AEST| By Team Kalkine MediaOver claims breached in its trustee duties by failing to properly factor in the climate change-related risks into its investment decisions, industry super fund REST is facing a new federal court legal battle. For many retail workers REST is the defau...
Review Of Lynas Corporation’s Tax Holiday
October 03, 2018 01:12 PM AEST| By Team Kalkine MediaLynas Corporation (ASX: LYC) believes that the tax break which the company has been granted for the period of 12-years needs to review in regards to the earth refinery. For that matter, the top management of the company has published the letter to Ma...
Market Updates: What’s Impacting The Global Markets?
October 03, 2018 09:14 AM AEST| By Team Kalkine MediaThe macro-economic indicators have been impacting the markets globally. The mixed sentiments as reflected in the global markets were witnessed because of the number of risk factors coupled with the fading optimism with regards to the USMCA (United St...
The battle of 18-year Tampon Tax Has Finally Come To An End In Australia
October 03, 2018 09:04 AM AEST| By Team Kalkine MediaAfter being into controversies for last 18 years, ?tampon tax? has finally been knocked down today. The day marks the historical judgement by Australia?s treasurers who abolished one of the most hated tax applied on women?s sanitary products. In the...
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