Graincorp Bid Falls Over
GrainCorp shares fell more than 11% at one stage yesterday after Long Term Asset Partners walked away from $2.4 billion offer to buy the company.
Read MoreGrainCorp shares fell more than 11% at one stage yesterday after Long Term Asset Partners walked away from $2.4 billion offer to buy the company.
Read MoreWhile attention was on yesterday’s Reserve Bank interest rate decision, the retail trade and trade account reports provided no further clarity on the health of the wider economy.
Read MoreTroubled US consumer goods giant, Kraft Heinz Co is facing a widened probe by regulators after having been forced to restate financial reports for the past two and three quarter years to eliminate accounting errors totalling just over$US208 million.
Read MoreThe sell-off in global markets in the wake of Donald Trump’s threat to impose new tariffs on $US200 billion of Chinese exports to the US eased overnight and the ASX is looking at a solid start to the session later this morning.
Read MoreWarren Buffett is facing an ironic situation – the share price of the world’s best known and successful investor, Berkshire Hathaway is being outperformed by his own company’s share portfolio.
Read MoreQuite a few local analysts and economists reckon the RBA will cut rates today.
Read MoreThe slow recovery in the fortunes of contract drilling services group, Boart Longyear continues apace, the company reporting solid figures yesterday for the first three months of 2019.
Read MoreWarren Buffett’s Berkshire Hathaway is expanding its involvement in the megatechs. First, it was Apple where Berkshire is the third biggest investor. Now the company has dipped its toe into the share register of Amazon.
Read MoreWestpac has held interim dividend at 94 cents a share despite a 22% slump in cash earnings for the six months to March.
Read MoreWarren Buffett’s Berkshire Hathaway first-quarter profit has been overshadowed by an unprecedented split between Berkshire’s 26.7% owned Kraft Heinz Group and its auditors which prevented Kraft Heinz from filing its quarterly profit last week.
Read MoreFor that reason, the ASX 200 will trade cautiously when trading re-opens later this morning, even though the overnight futures trading ended the week up 30 points on Saturday morning, our time.
Read MoreA hesitant, mixed week of activity on global stock markets last week and while the strong US jobs report for April on Friday night helped Wall Street to a solid gain for the day, we didn’t see a repeat of the gains from the week before.
Read MoreWhile the US March quarter earnings season slows this week the most important set of results will be released in Brazil by Vale, the big global iron ore exporter.
Read MoreThe ‘will they or won’t they’ speculation about the Reserve Bank cutting interest rates at its May monetary policy board meeting tomorrow will dominate this week in Australia.
Read MoreOil prices fell last week despite a small gain on Friday off the back of the better than expected April jobs data and a dip in the value of the US dollar.
Read MoreMacquarie has boosted annual dividends to $5.75 a share after reporting a 17% rise in net earnings for the year, but at the same time warned the surge won’t be continued this financial year.
Read MoreAustralia’s biggest supermarket chain, Woolworths, outdid Coles in the March quarter, yesterday reporting a 4.2% rise in third-quarter sales, or 5.1% adjusting for the later timing of Easter in late April instead of at the end of March and early April in 2018.
Read MorePendal Group (the old BT Investment Management) saw its shares slide more than 13% at one stage yesterday after it revealed a worse than expected March 31 interim profit.
Read MoreFirst, it tried to grab Lynas, now Wesfarmers has launched a $776 million takeover bid for the lithium miner Kidman Resources, in a deal that may have more chance of taking the owner of Bunnings and Kmart into the future of electric vehicles.
Read MoreGold prices went nowhere in the first quarter of this year and would have fallen sharply had it not been for a continuation of the strong central bank buying that dominated the market for all of 2018.
Read MoreNAB has sliced its interim dividend by 16 cents a share – from 99 cents to 83 cents for the six months to March 31 after earnings took a hit from the costs of customer remediation payments.
Read MoreWhile the US Federal Reserve maintained its ‘wait’ and see’ stance on interest rates at this week’s two-day meeting in Washington, it revealed concerns about the slowing growth of inflation as it described the American economic activity and job gains as “solid”.
Read MoreAP Eagers (APE) bid for Australia’s largest listed car dealer, Automotive Holdings (AHG) looks like it is all over bar the shouting.
Read MoreBega Cheese was “dressed” to win yesterday, a burst of enthusiasm for Mineral Resources ran out of puff, while Securities in Dexus went into a trading halt on reports it was looking to raise around $1 billion.
Read MoreFor the second month in a row house and apartment prices fell sharply in April, but there were more tentative signs the slide is starting to slow down.
Read MoreApril has gone and for financial markets, it was a moderately successful month – in the US, another record breaker.
Read MoreWill Berkshire want to lift its bank shareholdings much higher than current levels if a new Fed rule becomes fact?
Read MoreWarren Buffett’s Berkshire Hathaway has found an outlet for some of his cash by committing $US10 billion to Occidental Petroleum Corp’s $US38 billion cash-and-stock bid for Anadarko Petroleum Corp.
Read MoreThe ANZ is maintaining interim dividend at 80 cents a share after reporting a 2% rise in cash profit to $3.56 billion for the six months to March 31.
Read MoreAhead of the release next Monday of its 2018-19 interim profit Westpac has surprised the market with an after trading revelation of a $617 million earnings hit from customer compensation charges.
Read MoreApple shares surged in after-hours trading to be up more than 5% and moving back towards a valuation of $US1 trillion. The reason? The growing belief that the company’s key iPhone product was not down and out.
Read MoreConfession season continued with a wide spread of companies providing updates yesterday, many to the annual Macquarie investment conference in Sydney.
Read MoreVirgin Australia has slashed its order of 38 Boeing 737 Max 8 jetliners by 15 to 23 (a cut of nearly 40%) despite more talk from US aviation circles that the troubled airliner could be back flying in June.
Read MoreAfter two months of small improvements, the latest surveys of Chinese manufacturing activity unexpectedly slowed noticeably in April, raising the question if the sector was starting another downturn at the start of the June quarter.
Read MoreWhile Nine shares rose 2% to $1.77 in early trading on the news of the sale of ACM, Domain shares slid nearly 8% at one stage after it revealed a 13% slide in third-quarter property listings and a fall in revenue for the third quarter.
Read MoreSolid quarterly updates from the two remaining energy groups yesterday for the three months to March in the shape of the Kerry Stokes-dominated Beach Energy and LNG exporter and power operator, Origin.
Read MoreColes has lifted its third-quarter food and liquor sales 2.1% to $8 billion, thanks in part to its latest kid-focused collectables campaign.
Read MoreConfession time for Orica ahead of the release of its interim results on May 9 with news of a big write-down in the value of its interest in a big chemical plant in WA.
Read MoreInsurance Australia Group (IAG) is the biggest general insurer in Australia and across the Tasman where it slipped out news yesterday of a change in the way it will be insuring home and contents that will see thousands of policyholders pay more if they live in areas of the country that are more prone to natural disasters such as quakes and floods.
Read MoreOil refiner and retailer Viva Energy has been bitten by rising global oil prices – not only have earnings taken a $35 million because of the sharp rise in oil prices so far this year but that it expects more pain to come.
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