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Glenn Dyer
BlueScope Boss Heads For The Exits
Added On - 8/21/2017 9:50:47 AM
BlueScope Steel CEO, Paul O'Malley is going out in style after announcing an expected surge in earnings for the year to June 30.
Oil Confounds Hitting 4-Week High
Added On - 8/21/2017 7:48:53 AM
Oil saw a four week high surge on Friday night confusing investors and analysts alike.
Commodities Edge Higher
Added On - 8/21/2017 7:46:52 AM
Quietly, commodity markets staged something of a major rally last week without too many people noticing.
Markets Lose Patience With Trump
Added On - 8/21/2017 7:46:41 AM
Wall Street is starting to look a little tired as brokers become more concerned about valuations and the growing belief that President Donald Trump will not deliver on tax cuts or on big spending deals in infrastructure.
BHP Highlights Bumper Week Of Results
Added On - 8/21/2017 7:44:32 AM
The June 30 reporting season hits its peak week over the next five days with around 100 major companies reporting - from BHP Woolworths, to Qantas, IAG and a group of media companies on Thursday.
Diary: Corporate Earnings, Yellen At Jackson Hole
Added On - 8/21/2017 7:44:24 AM
With earnings dominating many markets, attention won't focus on economic issues until Friday when Federal Reserve chair Janet Yellen addresses the annual Jackson Hole conference in the US which is hosted by the Kansas City Federal Reserve which sees major central bankers and others from around the globe meet for two days of discussions, speeches and networking.
ASX Set For Soft Open
Added On - 8/18/2017 8:02:10 AM
It's going to be a rough start to trading on the ASX this morning on top of Thursday's Telstra driven surge and slide.
BHP To Expand Copper Mine In Chile
Added On - 8/18/2017 7:55:57 AM
BHP Billiton has made its third big investment decision to expand and extend the life of a major hard rock mining asset in a month. The company revealed last night that it will spend $US2.46 billion on extending the life of a copper mine in Chile by 50 years.
Optimistic Cochlear Raises Dividend
Added On - 8/18/2017 7:54:25 AM
Cochlear shares are on track for their best day in 18 months, after the pioneering hearing implant maker boosted earnings by more than expected, boosted its final dividend by more than expected and foreshadowed further growth in 2018.
Nespresso Deal Boosts Breville
Added On - 8/18/2017 7:52:51 AM
Small appliance group Breville also had better than expected news for investors and the shares jumped a nice 5.9% to $10.87.
Investors Unconvinced On QBE Outlook
Added On - 8/18/2017 7:52:36 AM
Yesterday was the day QBE looked like impressing the market than providing one of its now usual disappointments.
Treasury Wine Cheers China Demand
Added On - 8/18/2017 7:48:01 AM
Finally Australia has a wine company that is showing it can deliver on the promises of being good brand manager, wine grower and maker, exporter and can take Australian wine to the world and make money.
Coal Counters Coles At Wesfarmers
Added On - 8/18/2017 7:47:27 AM
A rebound in resources plus another solid contribution from its Kmart department store and Bunnings' Australian operations helped Wesfarmers more than offset another loss in Target, a loss in its new UK operations and a weaker contribution from the Coles supermarket chain in the year to June 30.
Miners Evolution, Whitehaven Deliver Strong Profits
Added On - 8/18/2017 7:47:11 AM
We saw very strong earnings reports yesterday from two mid-range miners - Evolution Mining and Whitehaven Coal. Both solid results had been well forecast by the market.
Telstra Dials Back Dividend Policy
Added On - 8/18/2017 7:46:19 AM
While Telstra executives defended the decision to cut the telco's dividends yesterday - more than 180 million with a value of close to $700 million were sold - investors were selling the shares by the millions, pushing the shares to five year lows.
Analysts Slice Domino's Outlook
Added On - 8/17/2017 8:25:30 AM
As was expected on Tuesday, it only took a day for investment analysts to take their red pens and mark down the value of Domino's Pizza shares.
High Expectations Hurt CSL
Added On - 8/17/2017 8:24:25 AM
The major report of the day yesterday came from the country's premier healthcare and tech stock - CSL Ltd, but while the company out performed its guidance, it missed slightly on some analyst and market estimates and the shares were weaker.
Red Ink Stains Seven West Media
Added On - 8/17/2017 8:23:33 AM
For the second time in three years, Seven West Media has slashed asset values on its balance sheet as it attempts to adjust to the rapid pace of change in the media.
Fairfax Media Outlines Domain Plan
Added On - 8/17/2017 8:19:27 AM
The course for Fairfax Media's Domain separation track is now firmly set after yesterday's 2016-17 financial report and update.
Residential Property Sees Stockland Profit Jump 34%
Added On - 8/17/2017 8:19:13 AM
Property developer and shopping centre owner, Stockland said its annual net profit rose by 34%, although its growth in funds from operations would likely ease this year partly due to higher energy costs.
Has Wage Growth Bottomed?
Added On - 8/17/2017 8:17:25 AM
Has our wages slide reached the bottom? It looks like it judging by the data from the June quarter Wage Price Index, released by the Australian Bureau of Statistics yesterday.
Activist Investor Elliott Ups Stake In BHP
Added On - 8/17/2017 8:17:15 AM
A week before BHP Billiton releases what is expected to be a big rise in annual profit and a higher dividend, US hedge fund Elliott Management says it has raised its stake in BHP Billiton to 5% - but the reason for the rise is unknown except that it generated some publicity yesterday.
Upbeat Woodside Lifts Profit, Payout
Added On - 8/16/2017 12:50:11 PM
For the country's largest standalone oil and gas group, Woodside, its first half financial report was far different in substance (a nice rise in profit), tone (more upbeat) and colour (now losses or red ink) than the full year report from Origin Energy yesterday and the loss-strewn half year expected from Santos.
Origin Suspends Dividend After LNG Writedowns
Added On - 8/16/2017 12:48:33 PM
As expected the heavy write down revealed last week in the value of its export LNG project in Queensland has seen Origin Energy report a $2.2 billion net loss for the year to June.
Fletcher Confirms Value Destruction
Added On - 8/16/2017 8:31:22 AM
As expected, Kiwi construction giant, Fletcher Building has reported a big plunge in net profit for the year to June, thanks to a large loss in its troubled construction arm and the writing down of two of its big Australian assets, Tradelink and Iplex.
BAML Survey Highlights Rising Nervousness
Added On - 8/16/2017 7:45:44 AM
Big investors remain nervy about the stability of global markets, according to the August survey from Bank America Merrill Lynch. The US sharemarkets remain danger spots, but euro shares are again highly favoured.
Upbeat GPT Upgrades Outlook
Added On - 8/16/2017 7:43:34 AM
GPT Group has delivered a net profit after tax of $752.3 million, an increase of 28.3%.
Domino's Fails To Satisfy
Added On - 8/16/2017 7:41:54 AM
More than $850 million was wiped from the market value of former market darling, Domino's Pizza yesterday as the company again produced figures left the market underwhelmed.
Santos Suffers Another Writedown On LNG
Added On - 8/16/2017 7:38:54 AM
Santos has joined Origin Energy in carving hundreds of millions of dollars off the value of its assets, especially its investment in export LNG in Queensland.
Buffett Cashes Out Of GE
Added On - 8/16/2017 7:38:45 AM
For the first time in a year the quarterly investment managers filing from Warren Buffett's Berkshire Hathaway contained little to excite investments - except the exit from its stake in General Electric.
Annuity Sales Lift Challenger
Added On - 8/16/2017 7:38:37 AM
The super boom, rising employment and the ageing population have helped annuities group, Challenger to report a 21% jump in net profit to nearly $400 million for the year to June 30.
BHP Quietly Ramps Up Olympic Dam Spend
Added On - 8/15/2017 11:35:22 AM
Very quietly, BHP has boosted its spending over the next year on its revamp of its huge Olympic Dam mining operations in South Australia to more than $10 million a week.
ANZ Lifts Cash Profit By 5.3%
Added On - 8/15/2017 8:02:32 AM
The ANZ Bank has confirmed that the big banks are through the worse of rising bad debts, weak revenues and higher capital demands with a surprisingly solid third quarter trading update this morning.
Moment Of Truth For Media Reform
Added On - 8/15/2017 8:02:23 AM
Moments of truth this week for the Australian media, or yet another mirage? The industry is confident that the cross-bench Senators will again buckle and change the law to the industry to the benefit of the companies involved - and especially News Corp and the Murdoch clan in particular.
JB Hi-Fi Underlying Profit Up 36.5%
Added On - 8/15/2017 8:02:16 AM
Investors were not head over heels enthusiastic about the full year figures from electronics retailer, JB Hi-Fi which contained the first solid contribution from The Good Guys chain which was bought last year for $870 million.
LIC Argo Flush With Cash
Added On - 8/15/2017 8:02:07 AM
Argo Investments seems to be rolling in cash. It lifted its final dividend for the year to June after revealing its fifth consecutive year of higher annual dividends with total payout for the year 31 cents, up from 30.5 cents a year earlier.
China Data Cools, Japan's GDP Surges
Added On - 8/15/2017 8:01:43 AM
Mixed news yesterday from our two biggest export markets - China and Japan.
Cadia Shutdown Shakes Newcrest Profit
Added On - 8/15/2017 8:01:24 AM
The Good Friday quake at its Cadia mine in NSW this year has taken some of the gloss off what was a solid result from Australia's biggest gold miner Newcrest Mining for the year to June 30.
Ansell Eyes Rebound After Profits Slip
Added On - 8/14/2017 1:31:16 PM
Gloves and protective clothing maker Ansell's full-year net profit has dropped 7.2% to $US147.7 million ($A186.8 million), for the year to June 30 as the company prepares for life without its long held sexual wellness business.
Bendigo Bank Lifts Cash Earnings 4.2%
Added On - 8/14/2017 1:31:05 PM
While not as good as the Commonwealth Bank's 8% performance, but Bendigo and Adelaide Bank has managed a 4.2% lift in full-year cash earnings to $418.3 million for the 12 months to June 30, and the market cheered.
Freight Derails Aurizon Profit
Added On - 8/14/2017 1:23:04 PM
Rail freight operator Aurizon is selling its troubled intermodal business, cutting another 250 jobs, revealed the financial cost of the impact from Cyclone Debbie and has slashed its final dividend after reporting a bottom line loss of $188 million. But it will run a multi-million dollar buyback this financial year to provide support to the share price.
US Retail Earnings On The Radar
Added On - 8/14/2017 7:46:14 AM
America's June quarter earning season slows this week, but retailers will dominate again, as they did last Thursday and Friday with weak figures from department store chains like Macy's and especially JC Penny.
Huge Week For Local Earnings
Added On - 8/14/2017 7:46:02 AM
The Australian June 30 reporting season hits top gear this week with around 60 companies in the ASX 200 down to report, along with the vital third quarter trading update from the ANZ tomorrow.
Gold Shines As Geopolitical Tensions Rise
Added On - 8/14/2017 7:45:25 AM
Iron ore prices dropped on Friday as the Chinese steel industry leadership and parts of the government tried to cool the hot steel market.
North Korea Nerves Erase $1 Trillion Off World Markets
Added On - 8/14/2017 7:45:16 AM
It is going to be a very cautious start to trading later today thanks to continuing nervousness about the tensions between the US and North Korea.
Diary: Corporate Earnings, Local Wages, Fed Minutes
Added On - 8/14/2017 7:45:01 AM
Wages and jobs are back in focus this week in Australia as well as the local June 30 financial year reporting season which swings into top gear.
Rate Hikes Help NAB Lift Q3 Profit To $1.7bn
Added On - 8/11/2017 1:02:46 PM
Like the Commonwealth Bank, the National Australia Bank will see stronger revenue gains in the next few months from mortgage rate increases that hit at the end of the June quarter, falling loan impairments and no trouble raising the fresh capital demanded by regulators.
Virgin Narrows Losses
Added On - 8/11/2017 8:49:27 AM
The signs of improvements in the finances and the operational returns for Virgin Australia since at the December half way mark continued into the June 30 half resulting in a much better outcome for the airline.
AMP Unveils New Reinsurance Deal
Added On - 8/11/2017 8:45:12 AM
Wealth manager AMP has done a second reinsurance deal to try and release more capital from its underperforming wealth-protection business in Australia.
AGL Heats Up Record Profit
Added On - 8/11/2017 8:45:00 AM
AGL Energy revealed a sharp rebound in earnings for 2016-17 yesterday, forecast more of the same this financial year and shareholders are going to be showered with loot.
ACCC Warns On Cars, Petrol, Childcare
Added On - 8/11/2017 8:44:52 AM
Woof - Watchdog barks: A busy morning yesterday for the ACCC as it bagged new car companies for breaching consumer rights and cost rip offs and raised doubts about two big takeovers.
Orora Packages Solid Result
Added On - 8/11/2017 8:44:37 AM
Shares in Amcor spin-off Orora jumped almost 9.2% to $2.98 yesterday following the release of the packaging company's solid full-year results for 2016-17.
RBNZ Leaves Rates Unchanged
Added On - 8/10/2017 7:51:44 AM
The Reserve Bank of NZ has followed its Australian counterpart and left its key interest rate steady as both economies face a similar outlook of weaker inflation, low wages, continuing activity in housing and a currency under pressure.
Bellamy's Clears China Hurdle
Added On - 8/10/2017 7:45:36 AM
Shares in infant formula maker Bellamy's surged to their highest level this year after the company at last had some good news to relay to the market about the Chinese market for its dairy products.
Lending Arm Dents Carsales Earnings
Added On - 8/10/2017 7:45:25 AM
Shares in online vehicle classifieds business carsales.com jumped nearly 3% as investors looked through the headline figures in what looked like a weak full year result and found some things to like.
China CPI Down, PPI Steady
Added On - 8/10/2017 7:45:13 AM
Well, the hand wringers were out in force on Tuesday afternoon and evening telling us the weaker than expected trade data for July was a 'concern' or a 'worry' or indicated a slowdown.
CBA DRP Raises Dilution Concerns
Added On - 8/10/2017 7:45:00 AM
Some weak-minded analysts don't like it, but the Commonwealth Bank is determined to add to the list of goodies delivered to shareholders yesterday with a record final and full year dividend by re-opening its dividend reinvestment plan (DRP).
CBA Posts $9.9b Profit
Added On - 8/9/2017 8:13:01 AM
The Commonwealth Bank has given dividends a boost to keep shareholders happy amid the concerns of the money laundering scandal. At the same time the bank has revealed it is looking at selling its troublesome insurance arm, while it is going to buy the remaining 20% of Aussie home Loans that it doesn't already own.
China Trade Slows In July
Added On - 8/9/2017 7:56:55 AM
China's July trade figures disappointed some eager beavers in the markets who were looking for a repeat of June's solid outcome.
Fortescue Set For Dividend Boost
Added On - 8/9/2017 7:55:39 AM
Shareholders in Fortescue Metals Group (including the biggest, Chairman Andrew Twiggy Forrest) can look forward to a sharp increase in dividend when the company reports its 2016-17 profit a week next Monday.
Mayne Pharma Trading Update Falls Short
Added On - 8/9/2017 7:51:24 AM
Generic drug group, Mayne Pharma disappointed investors yesterday with the release of preliminary results for 2016-17 underwhelming investors and sending the shares down nearly 10% to 81 cents.
Transurban Shareholders To Collect Record Dividend
Added On - 8/9/2017 7:51:09 AM
Another gush of cash from Transurban, both actual and promised after the toll road giant confirmed it had had a great year in 2016-17.
NAB Survey Maintains Upbeat Outlook
Added On - 8/9/2017 7:50:59 AM
More support for the Reserve Bank's sit and hold interest rate stance with the July business conditions and confidence survey from the National Australia Bank showing a step up in both measures, thanks to growing activity and confidence in the services sector.
Woolies Rebound Lifts SCA Property
Added On - 8/9/2017 7:50:03 AM
SCA Property Group's most important tenant is Woolworths, so it will come as a big relief that the country's largest retailer has shaken off the problems of the past three years and rediscovered growth in its huge supermarkets business.
CBA Cuts Executive Pay
Added On - 8/8/2017 10:37:18 AM
Thank god there's the marriage equality brawl inside the Liberal Party otherwise the Commonwealth Bank's blundering so far as its money laundering responsibilities are concerned might have been a really big story.
ANZ Job Ads Up For Fifth Month In July
Added On - 8/8/2017 7:19:53 AM
Job advertisements rose for a fifth straight month in July, hitting their highest level since 2011, according to the monthly report from the ANZ Bank.
Analysts React To CBA Laundering Case
Added On - 8/8/2017 7:19:30 AM
The stock market yesterday was in turn concerned, enthused, and then cautious about the Commonwealth Bank and its money laundering charges.
Resolute Mining Upbeat Despite Profit Slip
Added On - 8/8/2017 7:18:46 AM
Shares in Resolute Mining dipped nearly 3% yesterday after the company released unaudited profit figures for 2016-17 that fell a bit short of expectations. The release was made to coincide with a presentation the company gave to a WA mining conference.
ASX Adds 0.3% Over The Week
Added On - 8/7/2017 8:08:49 AM
The local market is looking at a half a per cent rise this morning after a reasonable end to trading on Wall Street early Saturday in the wake of a strong jobs report for July which saw the US dollar rise sharply and other currencies, such as the Aussie dollar sell off.
Buffett's Berkshire Posts Q2 Profit Decline
Added On - 8/7/2017 8:02:36 AM
The Warren Buffett optimists were out in full force on Friday ahead of the release of what turned out to be worse than expected June quarter earnings.
Lendlease Leaks Results 3-Weeks Early
Added On - 8/7/2017 8:02:28 AM
Lendlease will pay just over half its earnings out in dividends for the year to June 30.
Diary: Corporate Earnings, China Trade, US Inflation
Added On - 8/7/2017 8:02:19 AM
The week ahead will be dominated by US inflation and earnings, Australian earnings - led by the report from the Commonwealth Bank on Wednesday, Chinese trade and inflation data for July and the continuing political instability in Washington.
Iron Ore Hits 4-Month High
Added On - 8/7/2017 8:02:09 AM
Iron ore prices rose to their highest in nearly four months on Friday topping the $US74 per tonne, copper ended with a small gain, gold and oil both straggled. Wheat again fell, despite the big dry worsening across much of Southern Europe and parts of the US.
CBA Scandal To Overshadow Earnings
Added On - 8/7/2017 8:02:01 AM
While the June 30 reporting season adds another gear this week, all attention will be on the full year figures from the Commonwealth Bank on Wednesday and what CEO, Ian Narev and chair, Catherine Livingston say about last Thursday's sensational money laundering allegations levelled against the bank by the financial intelligence group, Austrac.
Laundering Scandal Bites CBA Shares
Added On - 8/4/2017 5:06:44 PM
Commonwealth Bank shares were down more than 3% on Friday afternoon as the money laundering claims from Austrac echoed around the market.
Austrac Cans CBA On 'Systemic Non-Compliance'
Added On - 8/4/2017 7:57:07 AM
Investors ignored the news that the Commonwealth Bank faces a potentially crippling fine and damages from the financial transaction regulatory agency Austrac after a bombshell announcement from the agency late yesterday.
Kathmandu Climbs On Chilly Winter
Added On - 8/4/2017 7:57:00 AM
Yesterday it was the turn of outdoor clothing retailer Kathmandu, the NZ-based group, to reveal that it has had a very solid 2016-17.
Trade Account In Turnaround
Added On - 8/4/2017 7:56:45 AM
Australia's trade accounted staged a near $46 billion turnaround in 2016-17 as the surge in commodity prices from the middle of last year produced the best trade performance since 2010-11.
Suncorp Sell Fails To Convince
Added On - 8/4/2017 7:56:38 AM
Suncorp shares took a pounding yesterday despite the financial services and insurance group lifting dividends by 7% and promising a high payout ratio as the company steps up investment.
Aust Pharma Downgrades Profit Forecast
Added On - 8/4/2017 7:56:10 AM
In contrast to the good update from Kathmandu, shares in Australian Pharmaceutical Industries took a hammering yesterday after it scaled back its estimated profit growth for 2016-17 to just 5%, half its previous guidance.


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