Retail Food Remains At The Mercy Of Its Bankers
Retail Food Group’s financial positioned has worsened to the point where it continues trading only with the forbearance of its banks.
Read MoreRetail Food Group’s financial positioned has worsened to the point where it continues trading only with the forbearance of its banks.
Read MoreThe major miners led the way in February after solid interim or full-year financial results, the big banks shook off the Hayne Royal Commission blues, while Blackmores plunged 27.7% and then lost its CEO.
Read MoreAir New Zealand shareholders will receive an unchanged interim dividend of 11 NZ cents per share despite the company confirming an earlier earnings downgrade yesterday for the six months to December.
Read MoreKiwi dairy giant, Fonterra has lifted its 2018-19 forecast farmgate milk price range to $NZ6.30-$NZ6.60 a kilogram of milk solids (MS) but has suspended its interim dividend as it has announced a “full strategic policy” shift to try and improve profitability and business performance.
Read MoreAustralia’s largest private hospitals operator, Ramsay Health Care is maintaining its full-year guidance despite fears Brexit could hit its UK business and add to ongoing problems in Australia.
Read MoreFurniture, white goods, and electronics retailer Harvey Norman will pay a steady interim dividend of 12 cents a share after an indifferent performance in the six months to December.
Read MoreFigures out yesterday confirmed not only are Australian companies spending more on investment, but the outlook is the strongest for three years.
Read MoreBHP and ANZ yesterday revealed telling changes to their senior leadership teams that tell us who might be the next boss of both companies.
Read MoreMoody’s has cut the credit rating of Vale, the world’s biggest iron ore miner, to non-investment grade in the wake of the terrible January 25 mine disaster that has left around 300 people dead or missing.
Read MoreRio Tinto has handed shareholders a second round of goodies to go with the massive interim payout and capital return.
Read MoreRio Tinto last night finally admitted that it has been working on a massive copper-gold-silver find in the Patterson area of the East Pilbara in Western Australia. There have been rumours of Rio’s discovery now for much of the past year.
Read MoreFor some odd reason shares in online employment services group Seek rose yesterday, despite the company warning of a possible dip in full-year earnings because it was stepping up investment in early-stage ventures.
Read MoreBega Cheese has increased the pace of cost-cutting as it seeks to digest its various expansionary moves of the past year or so and meet the challenge from the deep drought that has hit the dairy industry much harder than anyone had forecast.
Read MoreA sedate reaction from investors to what wasn’t the best of interim results from Tasmanian-based baby formula and food company Bellamy’s Organic.
Read MoreOZ Minerals surprised analysts with a lift in final dividend for the year to December despite a small dip in profit.
Read MoreInvestors tiptoed into the shares of out of favour fruit and vegetable producer Costa Group yesterday after it confirmed the shock downgrade warned of in an update issued in early January.
Read MoreNow here’s a bit of nasty news for the Reserve Bank and others – the value of construction work done across Australia in the final three months of 2018 fell by a sharp 3.1% to $51.603 billion (seasonally adjusted) instead of rising by 0.4% as forecast by the market.
Read MoreOn the face of it, the interim figures from Bingo Industries, the Sydney-based waste removal company do not explain last week’s explosive near 50% slump.
Read MoreTPG Telecom will take $228 million of write-downs into its first-half results after the decision announced in late January to stop building its mobile phone network.
Read MoreA week after surprising the market with news of a weak performance in its key Chinese markets and a loss in earnings momentum, Blackmores provided a second shock yesterday with news that its newish CEO had quit after just 18 months in the gig.
Read MoreIncitec Pivot is heading for a miserable 2018-19, especially for the first half to March 31.
Read MoreCaltex Australia has joined the buyback club, announcing yesterday plans to buy back $260 million of its shares.
Read MoreA record interim profit and higher dividend and a continuing buyback for shareholders in steelmaker BlueScope.
Read MoreBrambles shareholders will get a substantial part of the proceeds of the multi-billion dollar sale of its reusable plastic container business to an Abu Dhabi wealth fund for over $US2.51 billion.
Read MoreShares in insurer QBE jumped more than 5% yesterday at one stage after the company failed to shock investors with bad news and instead turned in solid improvement in profit for 2018 and more to come – so long as nature remains well-behaved.
Read MoreConstruction firm LendLease Group says it is now looking to rid itself of its loss-making engineering and services business after reporting a 96.3% drop in first-half profit.
Read MoreChinese stocks had their best day in three and a half years on Monday in the wake of Donald Trump’s not unexpected decision to delay the deadline for trade talks with China from this Friday, March 1.
Read MoreAs forecast in a downgrade earlier this month, building products group Boral has reported a lower interim result because of bad weather in the US and Australia.
Read MoreThe US December quarter earnings season is in its last throes this week and it is will be dominated by retail and consumer stocks and for some, the news will not be good.
Read MoreThe Australian December half earnings results season wraps up this week with 43 major companies reporting. The reports will be dominated by the yearly figures from QBE on Tuesday and Rio Tinto on Wednesday.
Read MoreIt was a good week for copper, gold, and oil while iron ore weakened a touch. Copper was the standout but oil wasn’t too far behind as crude futures again rose on Friday and last week hitting highs not see for more than three months.
Read MoreAustralian shares rose 0.5% on Friday to end up 1.7% for the week helped by earnings results, talk of rate cuts and upgrades to earnings growth expectations for resources stocks on the back of higher commodity prices (such as copper), capped by a solid week for the big banks.
Read MoreMarkets this week will be dominated by the US-North Korea summit in Hanoi midweek and the looming March 1 deadline for a deal between the US and China on trade tariffs.
Read MoreWarren Buffett’s Berkshire Hathaway made a $US25.4 billion loss in the fourth quarter due to an unexpected write down at Kraft Heinz Co and unrealised investment losses on stocks such as Apple after the late sell-off in 2018.
Read MoreThe coming week will focus on the US-North Korea summit in Hanoi midweek, Brexit, some important economic data, the Fed chair’s testimony and Friday’s March 1 deadline for a deal between the US and China on trade tariffs.
Read MoreWarren Buffett’s annual shareholder letter reveals a massive change in the way Berkshire Hathaway measures its performance.
Read MoreIt seems not everything Warren Buffett touches turns to gold. Kraft Heinz shares fell on Friday after the food company, 27% owned by Buffett’s Berkshire Hathaway shocked by revealing a $US15.4 billion write-down of the value of its assets, chopped the dividend.
Read MoreWebjet shares surged sharply higher yesterday after it produced another solid earnings result and a small lift in the dividend.
Read MoreAs forecast shareholders in shrunken retail group, Wesfarmers’ are to be showered with cash after the company completed a series of restructurings that culminated with the spin-off of the Coles supermarket chain late last year.
Read MoreThe write-down of the value of its SPC Ardmona business saw Coca-Cola Amatil’s 2018 net profit slide 37.3% to $279 million.
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