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Here are the stories from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles today. Rask Media has your financial news sorted.

First, here are the data points:

Australian Dollar ($A) (AUDUSD): 72.12 US cents

Dow Jones (DJI): down 2.2%

Oil (WTI): $US53.34 per barrel

Gold: $US1,222 per ounce

Finance News

Making finance headlines today, New Zealand’s NZME Ltd (ASX: NZM), announced that it would adopt a new capital management and dividend policy including a debt reduction target of $10 million to $15 million.

The Kiwi company is expecting full year trading EBITDA to be between $52 million and $56 million. It doesn’t expect to pay a final dividend,

CYBG plc (ASX: CYB) reported a 13% rise in underlying profit to £331 million, however it saw its net interest margin contract by 10 basis points to 2.17% and it reported a statutory loss of £145 million due to prior conduct charges.

Webjet Limited (ASX: WEB) holds its AGM today. The company will tell investors that the core Webjet business is on track to deliver at least $110 million of underlying EBITDA.

In FY19 Webjet expects to deliver pro-forma full year FY19 EBITDA of at least $120 million, pre-synergies.

The Trade Me Group Ltd (ASX: TME) business could soon be taken over after it received a preliminary takeover offer of NZ$6.40 per share from Apax Partners.

Investing Is Hard

Owen Raszkiewicz, the founder of The Rask Group, recently sat down with Tony Hansen, portfolio manager and founder of EGP Capital. Tony is a fantastic thinker and provides unique insights into what it takes to be financially successful in work and life, but especially in investing.

You can download my conversation with Tony using the link to SoundCloud below. It’s also free to stream on iTunesCastboxYouTube or wherever you choose to listen.

*As voted by us

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

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(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

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