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Glenn Dyer
Global Markets Regain Their Mojo
Added On - 2/19/2018 7:55:07 AM
Like commodity markets, equities saw a vastly different week last week.
BHP Leads A Huge Week Of Earnings
Added On - 2/19/2018 7:55:00 AM
The Australian December half 2017 earnings reporting season will really ramp up in the week ahead with around 80 major companies reporting, with the most important being BHP Billiton.
Oil, Gold Lead Commodities Rebound
Added On - 2/19/2018 7:54:50 AM
Commodity prices, led by by gold, oil and copper surged last week for some of the best gains for a year or more.
Diary: Wages, Earnings, RBA Minutes
Added On - 2/19/2018 7:54:42 AM
In Australia, earnings and a key measure of wages will dominate the coming week.
Warren Buffett's Latest Portfolio Reshuffle
Added On - 2/16/2018 12:36:34 PM
Warren Buffett still likes his Apples, but has gone right off IBM, and is losing interest in General Motors, American Airlines and Wells Fargo.
Telstra Meets Lowered Expectations
Added On - 2/16/2018 7:29:17 AM
A ho hum half year result from Telstra yesterday that left the market mildly interested as the shares edged up half a per cent to $3.45.
South32 Restructure Fails To Convince Investors
Added On - 2/16/2018 7:29:12 AM
South32 will take an axe to its structure (and of course chop costs) after revealing it will boost returns to shareholders by more than previously promised this year, news that curiously saw the shares fall in what was a positive day for the wider market.
Headline Grabbing McGrath Posts Big Loss
Added On - 2/16/2018 7:29:08 AM
For such a small, insignificant company, real estate group McGrath continues to generate a lot of publicity - all of it bad.
Tax Costs Sting Evolution Mining
Added On - 2/16/2018 7:29:04 AM
Gold miner Evolution Mining has boosted shareholder returns sharply despite a 10% slide in interim to $122.5 million for the December half. Directors declared a fully franked interim dividend of 3.5 cents, up from two cents unfranked a year ago.
Origin Energy Lifts Outlook After Ironbark Impairment
Added On - 2/16/2018 7:29:00 AM
Yes, there is life after years of board inaction and overspending on LNG for Origin Energy.
Cadia Quake Shakes Newcrest Profit
Added On - 2/16/2018 7:28:52 AM
Gold and copper miner, Newcrest Mining has held its interim dividend despite reporting a weaker than expected half year profit.
Japanese Growth Rolls On As Q4 GDP Rises 0.5%
Added On - 2/15/2018 8:11:46 AM
Japan is still growing - enjoying its longest streak of GDP growth for nearly three decades, even though the three months ending December saw a sharp slowdown from the hectic pace in the September quarter.
Domino's Goes Cold As Growth Slows
Added On - 2/15/2018 8:07:02 AM
Back to earth for one time high flying fast food giant, Domino's Pizza as profit growth slowed sharply, a new menu in japan was botched and the company trimmed its sales growth forecasts for Australia and NZ.
CSL Provides Trifecta Of Good News
Added On - 2/15/2018 8:06:55 AM
A trifecta of good news from blood products giant CSL yesterday in its 2017-18 first half report.
IAG Readies Asia Exit As H1 Profit Rises 24%
Added On - 2/15/2018 8:06:48 AM
Insurance Australia Group (IAG) has lifted interim dividend after a sharp improvement in its insurance margin and interim earnings.
Myer In A World Of Pain As CEO Exits
Added On - 2/15/2018 8:06:41 AM
Is department store chain Myer entering its death throes? The shares rose 4.7% yesterday in the wake of the surprise departure of CEO, Richard Umbers, but eased to end the day up 1.8% at 54.5 cents.
Cashed Up Woodside Eyes Gas Growth
Added On - 2/15/2018 8:06:02 AM
It's no wonder Woodside wants to raise $2.5 billion to spend billions on expanding its gas interests on the North West Shelf, it is swimming in hundreds of millions of dollars of cash, with more to come and that needs a profitable home.
Global Fund Managers Sour On Equities
Added On - 2/14/2018 11:31:02 AM
The first major survey of global investors since the reawakening of stockmarket tensions at the start of this month has found that fund managers seem to have soured on equities (understandably after the big falls) and where the US economy may be headed.
Norris Walks As Fletcher Building Losses Balloon
Added On - 2/14/2018 11:29:33 AM
Not even former bankers are exempt from overseeing a mess, especially when it is a debacle that has created close to $NZ1 billion in losses in less than a year!
RBA's Luci Ellis Fires Off Retail Warning
Added On - 2/14/2018 8:13:28 AM
For the past week the Reserve Bank has mounted a concerted attack on current economic beliefs in the government, opposition and markets that apart from weak wages growth, things are OK, jobs are booming and rate rises are on the way up.
NAB Survey Shows Business Still Buoyant
Added On - 2/14/2018 8:09:10 AM
While consumers and households struggle with low income growth and high debts - along with retailing (see separate story) the latest survey of business conditions and confidence from the National Australia Bank shows another sharp improvement.
Pilbara Minerals Rockets Higher On Lithium Expansion
Added On - 2/14/2018 8:09:01 AM
Shares in lithium miner Pilbara Minerals jumped almost 12% yesterday at one stage yesterday after the company said a pre-feasibility study demonstrated the the case for more than doubling production at its Pilbara mine in WA.
High Expectations Hurt Boral
Added On - 2/14/2018 8:07:55 AM
Like Cochlear, Boral shares came under early pressure after the building products group reported for the December half year and fell a touch short of some of the optimistic estimates for the company from some investors.
Cochlear Lifts Dividend Despite Flat Result
Added On - 2/14/2018 8:07:43 AM
Cochlear, the hearing implant maker, has underlined its confidence in the outlook by boosting interim dividend 8% despite what appeared to be a flat half-year profit.
US Tax Changes Drive Transurban
Added On - 2/14/2018 8:07:33 AM
Ignore Transurban's profit soaring 280% for the six months to the end of December.
Fletcher Building Foundations On Shaky Ground
Added On - 2/13/2018 8:02:50 AM
Is the financial health of troubled Kiwi building products and construction company Fletcher Building worse than understood by the market?
Margin Pressures Turn Down JB Hi-Fi
Added On - 2/13/2018 7:56:57 AM
Shares in home electronics and entertainment and whitegoods retailer JB Hi-Fi took a pounding yesterday after the company fell short of market estimates on earnings, profit margins and the outlook for the rest of 2017-18.
Solid Amcor Ups Dividend
Added On - 2/13/2018 7:56:43 AM
Global packaging company Amcor has played down the strength of its second half outlook after lifting first half-year net profit 15% to $US329.7 million ($A461.6 million).
Small Gains At Restructured Ansell
Added On - 2/13/2018 7:56:34 AM
It was another six months of small gains for Ansell, the protective gloves and clothing group and the odd bigger step.
Bendelaide Lifts Cash Earnings, NIM
Added On - 2/13/2018 7:56:13 AM
Bendigo and Adelaide Bank has joined the larger Commonwealth Bank in boosting its net interest margin for the first time in years for the six months to December.
Telstra Highlights Big Week Of Earnings
Added On - 2/12/2018 6:52:14 AM
The Australian December half 2017 earnings reporting season ramps up this week, while the US 4th quarter season slows.
Iron Ore Bucks Metals Sell-Off
Added On - 2/12/2018 6:44:33 AM
Apart from iron ore, we saw a nasty sell off in metals prices last week as the fear in equities spread to other markets.
Oil In Retreat On Renewed US Supply Fears
Added On - 2/12/2018 6:44:20 AM
Sharemarkets weren't the only thing hitting the skids last week, oil is now on the edge of a major slide thanks to surging American production through a series of new record highs.
Diary: Earnings, Volatility, Jobs
Added On - 2/12/2018 6:44:14 AM
First up it will be markets that will hold the attention of investors this week after last week's big losses amid chaotic trading.
Market Recap: Wild Week Sees Volumes Soar
Added On - 2/12/2018 6:44:06 AM
Given the bounce in US shares on Friday night, the local market this morning may end up starting with a loss smaller than the 28 point drop indicated by the overnight futures market.
Hanes Adds Bras N Things To Pac Brands Portfolio
Added On - 2/9/2018 2:32:26 PM
HanesBrands, the US clothing and sportswear group which bought Bonds owner, Pacific Brands in 2016, is to buy another major Australian clothing business the privately-owned Bras N Things.
Fox Film Flounders Ahead Of Disney Deal
Added On - 2/9/2018 2:30:59 PM
Had the Disney deal not been done, analysts on seeing 21st Century Fox's 4th quarter report would have been questioning whether the Murdochs family could afford to keep their underperforming film and TV assets and still survive the growing competition in the media, especially video.
Wild Wall St Plummets Toward Correction
Added On - 2/9/2018 10:08:58 AM
The Dow is inching closer to correction territory after another large (and surprising) 800 drop in the final half hour of trading. In fact the selling surged in the last 10 minutes, taking the loss flashing past the 1,000 point mark and the index into correction territory.
China Trade Jumps Ahead Of Lunar Break
Added On - 2/9/2018 8:13:30 AM
China's January trade account wore the impact of the late Lunar New Year holiday break which starts late next week and the country's trade surplus fell to its lowest level in 11 months.
'Unsatisfactory' UK Arm Weighs On Tabcorp
Added On - 2/9/2018 8:13:22 AM
Tabcorp shares fell nearly 7% yesterday after releasing a less than stellar first half result.
Expenses Bite NAB Earnings
Added On - 2/9/2018 8:07:50 AM
National Australia Bank said its first-quarter cash profit rose 3% from a year ago to $1.65 billion.
AGL Cool On Outlook Despite Bumper Profit
Added On - 2/9/2018 8:07:39 AM
While energy producer and retailer AGL Energy says it is on track to deliver a full-year underlying profit of close to $1 billion after revealing a surge in first half earnings and a 32% boost to interim dividend, investors were spooked by the company's less than enthusiastic outlook for the rest of the financial year.
AMP Swings Back Into The Black
Added On - 2/9/2018 8:07:19 AM
AMP has come back from the brink of 2016 losses by revealing a 11% rise in full-year underlying profit for the 12 months to the end of December 2017.
Origin Takes Hit On Gas Assets
Added On - 2/9/2018 8:07:10 AM
The impairments continue at Origin Energy with another half a billion dollars plus of red ink revealed yesterday.
NZ Rates On Hold
Added On - 2/8/2018 8:04:45 AM
If you had been reading the comments of economists and other 'experts' there was a good chance the Reserve Bank of NZ may have 1) lifted rates today, or 2) moved closer to a rate rise later in the year. The RBNZ sat pat and issued a statement which at times read like the one issued by RBA Governor Phil Lowe.
Fletcher Building Investors Brace For More Bad News
Added On - 2/8/2018 8:04:42 AM
Standby for more bad news from Fletcher Building as losses from at least two dodgy projects blow past previous estimates.
Rio's Cascade Of Cash From Its 2017 Outperformance
Added On - 2/8/2018 7:58:15 AM
So much for all the hype about the resources boom from 2011 to 2014. The current boomlet is producing super returns for some companies, as the 2017 full year results for Rio Tinto confirmed yesterday.
Nick Scali Defies Retail Gloom
Added On - 2/8/2018 7:58:02 AM
Sydney-based furniture retailer, Nick Scali has lifted interim divided by 2 cents to 16 cents (fully franked) after boosted earnings by 15% in the December half year.
Lew Moves To Spill Myer Board
Added On - 2/8/2018 7:57:50 AM
Investors have ignored the news that Myer's largest shareholder, Premier Investments, is planning to call a hostile extraordinary general meeting of shareholders to try and roll the department store's board.
Slater & Gordon Starts Restructure
Added On - 2/8/2018 7:57:37 AM
The job cuts have started in earnest at troubled listed law firm Slater and Gordon.
US Shares See-Saw Higher
Added On - 2/7/2018 8:48:22 AM
Another day of wild trading swings saw Wall Street closer higher for the first time in four days - the Dow jumped 567 points or 2.3% at the end in its biggest one day rise since President Trump was elected in November 2016.
CBA Lifts Interim Dividend
Added On - 2/7/2018 8:07:23 AM
We have the perfect example of the resilience of our big banks, especially the biggest, the Commonwealth. After months of bad publicity, pressure from shareholders, regulators and the public, not to mention customers, the bank has ridden out the crisis to emerge financially undamaged.
Wall St Swings, ASX Eyes Better Open
Added On - 2/7/2018 8:01:11 AM
The Aussie market is heading for a 100 point rebound on the ASX 200 after a night of wild trading swings on global markets, culminating in the big rebound in the last hours of trading on Wall Street.
Commodities Dodge Equities Rout
Added On - 2/7/2018 8:01:01 AM
While commodity prices were mostly weaker overnight Tuesday, that was more due to usual trading issues rather than a contagion of fear spreading from volatile share markets.
Macquarie Upgrade Lost In Sea Of Red
Added On - 2/7/2018 8:00:51 AM
Investors ignored everything in yesterday's sell-off, including Macquarie Group's forecast of a higher than expected 2017-18 profit for the year to March 31.
RBA Restarts 2018 On Repeat
Added On - 2/7/2018 8:00:00 AM
Weak wages and weak household consumption (as we saw with the December monthly retail sales figures yesterday which showed a fall of half a percent, after two strong months in a row) are now front of centre of thinking for the Reserve Bank which left its key cash rate on hold for yet another month.
Brutal Plunge On Wall St, Dow Wipes Out 2018 Gains
Added On - 2/6/2018 8:26:51 AM
Nowhere to hide as Wall Street took a bath overnight in one of the worst days in its history. Our market is poised to follow. After its 95 slide on Monday, the futures market has another 131 points in losses pencilled in for the start of trading on the ASX at 10 am. It will be a bloody day for investors of all sizes.
Bunnings UK Woes Deepen
Added On - 2/6/2018 7:59:17 AM
Wesfarmers has joined the long list of Australian companies to lose heavily in offshore moves, especially into the UK with the evaporation of over $1 billion dollars in value spent on its Homebase purchase in 2016 and attempt to turn it into a British version of Bunnings.
Cautious Argo Ups Dividend
Added On - 2/6/2018 7:59:13 AM
Argo Investments, Australia's second largest Listed Investment Company (LIC) remains cautious about current market conditions, despite the surge in most global markets in recent months (but not so much Australia).
Downer Takes Hit On Mining Arm
Added On - 2/6/2018 7:59:09 AM
Downer EDI joined the impairments yesterday a $77 million pre-tax write-down in the value of its mining operations in its forthcoming interim results after what it called material contracts were not renewed.
Diary: RBA, Local Earnings, RBNZ, BoE
Added On - 2/5/2018 8:10:29 AM
For some, the Super Bowl later today will be the biggest event this week, for many others it will be 'what is going to happen now after the market fell out of bed on Friday night?' Then there's those interested in the decisions of central banks in Australia, the UK and NZ this week.
Gold Leads Metals Lower
Added On - 2/5/2018 8:09:18 AM
Gold futures ended lower on Friday, despite a small kick upwards in the value of the greenback.
CBA, Rio Highlight Earnings Week
Added On - 2/5/2018 8:09:12 AM
Banks will dominate the Australian half year reporting as the interim season steps up this week.
Wall St Falls Out Of Bed
Added On - 2/5/2018 8:09:07 AM
Wall Street suffered its biggest one day fall Friday of The Donald Trump Presidency so far, and the biggest two day fall of well over 1,050 points. It was an achievement the President will not quickly recall in his next State of the Union Speech.
Oil Succumbs To Supply Pressures
Added On - 2/5/2018 8:08:36 AM
Like metals, oil prices finished lower Friday on the day and the week as rising interest rates and the strong US jobs report, plus the sell off in equities, took their toll.
Record Earnings But iPhone Sales Slip At Apple
Added On - 2/2/2018 11:31:53 AM
Apple shares were a touch easier in after hours trading despite reporting a record holiday quarter, buoyed by strong demand for its new generation of iPhones.
Amazon, Alphabet Earnings Update
Added On - 2/2/2018 8:01:42 AM
Amazon shares rose strongly in after hours trading, but shares in Alphabet (Google) fell after both companies revealed 4th quarter results after a choppy day's trading on Wall Street.
Facebook Usage Slips As Profits Soar
Added On - 2/2/2018 8:01:37 AM
Facebook shares fell 4% in after hours trading on Wednesday because it said people were not as 'engaged' as they were and less time spent on the platform, the shares then rose to end Wednesday up 3.5% as investors realised the drop in time spent was a rounding error.
Godfreys Slammed On Weak Christmas Sales
Added On - 2/2/2018 8:01:33 AM
Whoosh, down went shares in vacuum cleaner retailer Godfreys to new record lows yesterday on yet another round of bad news.
US Oil Production Tops 10 Million Barrels A Day
Added On - 2/1/2018 11:23:46 AM
America's oil production has hit 10 million barrels a day much faster than previous estimates. The news was absorbed by the market, despite the nervousness after Tuesday's big sell-off.
Yellen Departs As Fed Sets Tone For March Hike
Added On - 2/1/2018 8:10:27 AM
As expected chair, Janet Yellen kept the Federal Reserve on course for a further interest rate rise in March in her last meeting.
Restructure Delivers For GUD Holdings
Added On - 2/1/2018 7:55:07 AM
GUD Holdings has revealed a recovery in earnings for the six months to December 31, reporting a 61% improvement in profit to $28.4 million as it completed several years of restructuring.
Treasury Wine Targets 'Accelerated Growth'
Added On - 2/1/2018 7:54:59 AM
Treasury Wine Estates has lifted interim dividend two cents to 15 cents a share after reporting a 37% surge in half year earnings to $187.2 million.
Weak CPI To Keep RBA Rate Hikes At Bay
Added On - 2/1/2018 7:54:47 AM
Don't expect any change in interest rates from the Reserve Bank next Tuesday at its first monetary policy meeting of the year and don't listen or believe what you might read from some commentators who say the latest inflation figures show cost pressures are starting to rise.
LNG Lifts Origin H1 Profit
Added On - 2/1/2018 7:53:22 AM
Origin Energy has posted a 40% jump in first half sales from its oil and gas business despite a fall in output in the December quarter in the last quarterly report before the sale of its Lattice Energy arm (to Beach Energy).
Health Care Jitters Spook Wall St
Added On - 1/31/2018 7:53:01 AM
Australian healthcare stocks face a big sell off today after Wall Street sold off for a second straight session on Tuesday, weighed down by heavy losses in health-care and energy shares.
Cadia Recovery Lifts Newcrest Output
Added On - 1/31/2018 7:52:55 AM
Newcrest Mining posted a 17.2% increase in gold production in the December quarter, driven by increased production at four of its mines and especially the Cadia operation in western NSW which has been recovering from the damage caused by a small earthquake on Good Friday of last year.
Business Confidence Hits 5-Month High
Added On - 1/31/2018 7:52:32 AM
The National Australia Bank says its latest survey of Australian business conditions shows December was another month of buoyant activity, while business confidence also lifted, ending a recent negative trend.
Global Bond Sell Off Gains Pace
Added On - 1/30/2018 8:15:43 AM
The global bond sell off accelerated overnight Monday - driving more confusion about the sustainability of the great Wall Street stockmarket boom.
CBA Unveils New CEO
Added On - 1/30/2018 7:59:22 AM
Commonwealth Bank shares rose yesterday in a positive reaction to the news that it had promoted head of retail banking Matt Comyn to replace Ian Narev as the company's chief executive.


 › Market At Midday On Monday
 › Beware The Pitfalls Of Speculating On This Market
 › Upbeat Outlook For Breville Group
 › How Safe Is Your Cash?
 › The Radical Shift Hitting Aussie Exports
 › 3PL - Macquarie rates as Outperform
 › BBN - Morgan Stanley rates as Overweight
 › HT1 - UBS rates as Neutral
 › Stephen Koukoulas - Australian Wages
 › Global Markets Regain Their Mojo
 › BHP Leads A Huge Week Of Earnings
 › Oil, Gold Lead Commodities Rebound
 › Diary: Wages, Earnings, RBA Minutes
 › Monday At The Open
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