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Company News
nib draws Medibank customers, Brickworks posts record profit and PolyNovo announces capital raise
As Medibank (ASX: MPL) clients continue to fear for the safety of their data after the October cyber-attack, rival insurer nib Holdings (ASX: NHF) has confirmed some customers have made the switch over to its service. nib saw a 4.7% rise in policyholder growth from July to the end of October, which helped drive a […]
Fortescue invests in German green hydrogen project, PolyNovo achieves record quarter and Ampol partners with Hyundai
Fortescue Metals Group (ASX: FMG) has announced its green division, Fortescue Future Industries (FFI), has entered into a global strategic collaboration with energy infrastructure developer Tree Energy Solutions (TES) to execute a “world-leading” hydrogen project in Germany. As per the agreement, FFI’s subsidiary Netherlands Fortescue Future Industries will invest €30 million (A$46 million) to become […]
Westpac cuts lending to coal, oil and gas companies, Rio Tinto strikes landmark deal and PolyNovo appoints CEO
Australian banking giant Westpac (ASX: WBC) has announced plans to cut its lending to coal, oil and gas companies by nearly a quarter by 2030 in an effort to cut emissions. The move follows National Australia Bank’s (ASX: NAB) intentions to implement a $2.4 billion cap on lending to oil and gas companies and the […]
PolyNovo posts record US quarterly sales, secures debt facility for Melbourne factory expansion
Australian medical device company PolyNovo (ASX: PNV) has posted record US sales for the March 2020 quarter, validating an earlier claim that the coronavirus pandemic would not have any material impact on its business. The company’s sales for the quarter were $4.49 million, reflecting a 166% increase on the $1.69 million recorded in the previous corresponding period, […]
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