SPC Write-Down Dominates Flat Coke Result
The write-down of the value of its SPC Ardmona business saw Coca-Cola Amatil’s 2018 net profit slide 37.3% to $279 million.
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.
Read MoreAccording to CEO Chris Ellison, Mineral Resources is going to suffer before things get very much better from a big expansion plan set in train in the past year in lithium in particular.
Read MoreQantas shares were sold off and then drifted higher yesterday in the wake of the announcement of another lift in dividend and share buyback.
Read MoreInvestors couldn’t quite decide about the Flight Centre interim results yesterday. First up they were unhappy and pushed the shares down more than 4% to a day’s low of $41.40, then they changed their minds and chased the shares back up to where they ended the day at $44.30, up 2.8%.
Read MoreThe threat of an interest cut from the Reserve Bank has been held at bay for a few more months after a better than expected jobs performance in January that belied the wider gloom about the economy and key sectors such as retailing.
Read MoreFletcher Building is returning to paying dividends after announcing an $NZ89 million interim profit for the six months to the end of December.
Read MoreFortescue Metals Group has tripled its interim dividend payout to 30 cents a share for the six months to December after earnings comfortably topped market forecasts.
Read MoreThis is getting to be a regular event for shareholders in Melbourne based packager, Pact Group – bad news sees a fall in the share price… its been happening now, off and on for the past couple of years.
Read MoreWage growth actually slowed a touch in the December quarter according to data released yesterday in the latest Wage Price Index from the Australian Bureau of Statistics.
Read MoreSecurity holders in gas pipeline company APA reaped the benefits of the Federal government blocking a rich Hong Kong takeover offer last year with the company revealing a sharp rise in earnings for the six months to December.
Read MoreWisetech shares fell heavily yesterday despite reporting strong earnings and profit growth for the December half after logistics solutions provider’s full-year forecast failed to meet the market’s high expectations.
Read MoreShareholders in Woolworths have been told to expect possible capital management initiatives later this year after the giant retailer completes the sale of its petrol station business to a UK company.
Read Morea2 Milk shares jumped to new all-time highs yesterday after the company revealed a very solid set of figures for the December half that showed no sign of any damage from the trade war between the US and China, or growing tensions between Australia and China.
Read MoreVitamins and health products group Blackmores gave the game away yesterday after surprising the market weaker sales in China and a downgraded full-year profit guidance.
Read MoreAn essentially meaningless interim result yesterday from the country’s newest listed retailer, Coles Group thanks to the spin-off from Wesfarmers and the impact on the company’s management, sales, and costs.
Read MoreSeven West Media shares crashed yesterday losing 10% to 50 cents at one stage and nudging the all-time low of 49.5 cents after a weak first half result and a weaker trading outlook for the rest of the financial year.
Read MoreCochlear shares dived more than 10% yesterday (Tuesday) after the company reported a higher interim result and dividend, but said it had lost market share in two of its biggest markets – the United States and Germany
Read MoreInvestors took the long handle to a couple of stocks yesterday – vitamins group Blackmore’s was one; heavy equipment hirer, Emeco Holdings was another despite producing a $12 million profit for the six months to December.
Read MoreOil Search is moving ahead with a new gas processing plant at its LNG operation in Papua New Guinea after it a 13% rise in full-year net profit thanks to the rise in oil prices in 2018 that was snuffed out in the final quarter of the year.
Read MoreBHP will pay an unchanged interim dividend of 55 US cents a share after reporting an interim result hurt by problems at the WA iron ore mining operations, a nickel processing facility also in WA, and copper mines in South Australia and Chile.
Read MoreWestpac has slipped out a Q1 update revealing a 6.8% rise in cash earnings, BoQ however expects its earnings for the half-year to be down 6% to 9% when it releases them in April.
Read MoreInvestors staged a gentle sell down in shares of global logistics company Brambles after it reported a 27% fall in first-half profit, but a one percent rise in the underlying result.
Read MoreAhead of its full-year results later in this week, Coca-Cola Amatil has written down the value of its SPC canned fruit and vegetable operations to zero, reflecting the small sale price it expects to receive if it manages to sell the troubled business.
Read MoreA not unexpected weak result from Sydney real estate agency, McGrath for the six months to the end of December, and a not unexpected weak forecast of ongoing tough property market conditions in the short term, thanks to the uncertainty caused by the NSW and federal elections.
Read MoreBingo Industries shares were punished yesterday, losing nearly 50% after the Sydney-based waste removal group downgraded its 2018-19 earnings guidance to be broadly in line with last year’s result.
Read MorePeak earnings reporting this week as the Australian December half earnings results season sees its busiest week.
Read MoreGlobal oil futures rose sharply last week to hit four-month highs on paradoxical signs of both global supply tightness, and expectations for more US production from the still growing fracking sector.
Read MoreGold futures had their highest finish in two weeks Friday, as progress as US-China trade negotiations continued, overshadowing strength in the dollar and a pick up in global share markets, especially in Europe and the US.
Read MoreAnother problem for iron ore markets and Vale with a fire at the company’s Malaysian operation set to close the facility for 10 to 15 days, meaning Chinese mills will be without Brazilian ore for two weeks.
Read MoreGlobal share markets rose over the last week helped by further progress on US/China trade talks, the US averting a renewed partial government shutdown along with more OK but not brilliant 4th quarter earnings results.
Read MoreIt should be a quieter week globally, though, with Brexit still unresolved and increasingly intractable and the US government about to freeze in the midst of a hail of legal activity over Donald Trump’s attempts to fund his wall by a calling a state of emergency, anything can happen.
Read MoreAMP and Bendigo & Adelaide Bank were sold off after reporting weaker results, AMP fell 10.7%, CSL shares fell 4.9%, but resource stocks mostly did better. South32 rose 4.7% to $3.81 while Northern Star Resources climbed 15.5%.
Read MoreThe US December quarter earnings season is now in its final stretch with just 50 companies from the S&P 500 index down to release results this week.
Read MoreMore evidence that the pace of economic activity in China – especially in manufacturing – is weakening.
Read MoreBerkshire Hathaway’s latest regulatory filing suggests that Warren Buffett has gone all traditional, seemingly looking for value in old-line stocks and cutting his stake in Apple.
Read MoreThe Lunar New Year holiday has had its usual distorting impact on Chinese trade data, especially commodity imports in January. Iron ore imports picked up, while LNG imports surged, hitting an all-time high last month.
Read MoreAustralia’s biggest wine group, Treasury Wine Estates (TWE) is rewarding shareholders with a 20% higher dividend after revealing a 17% rise in interim net profit yesterday.
Read MoreAs expected Woodside Energy’s annual profit has jumped by more than a quarter as it benefited from higher oil and LNG prices (in particular) and higher production.
Read MoreShares in appliance maker and distributor Breville Group jumped more than 17% yesterday after the company revealed a very solid performance for the six months to the end of December and gave shareholders a nice boost.
Read MoreWhile South32 was rewarding shareholders with higher dividends, no such joy for shareholders in the country’s biggest gold miners, Newcrest which more than doubled its first-half profit thanks to the continuing recovery at its Cadia gold and copper mine in NSW.
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