Oz Gold Production Hits 20-Year High
The Australian gold mining industry has seen a near record high in gold production in the year to June, despite the lingering impact of two earthquakes on output at the country’s biggest mine.
Read MoreThe Australian gold mining industry has seen a near record high in gold production in the year to June, despite the lingering impact of two earthquakes on output at the country’s biggest mine.
Read MoreNo move in interest rates by the Reserve Bank for a 25th consecutive month and there won’t be one any time sooner.
Read MoreSuncorp says it will return $600 million to its shareholders after completing the $725 million sale of its Australian life insurance unit to Japanese-owned TAL Dai-ichi Life.
Read MoreAusdrill share jumped more than 9% to $1.73 yesterday after directors recommended shareholders give the greenlight to a near $300 million acquisition from the founder of the company.
Read MoreA mixed picture from economic data yesterday released ahead of the Reserve Bank’s interest rate decision later today and tomorrow’s June quarter GDP figures.
Read MoreBega has revealed itself as the stalker of the about to go private Capilano Honey and in doing so, raised the prospect of a bidding war for the ASX-listed honey firm.
Read MoreNow for the big test for RCR Tomlinson’s survival attempt – big shareholders have ponied up $70 million, which is enough to keep it alive, but retail shareholders are going to be asked to contribute another $30 million to the $100 million issue at $1 a share.
Read MoreShares in gold miner, Northern Star Resources surged more than 16% yesterday after they came out of a trading halt after raising $175 million from major shareholders to help fund a big gold mine deal in Alaska.
Read MoreAnother solid monthly jobs report from the Australian Bureau of Statistics with significant gains in August in both the more accurate trend measure and on the more publicly used seasonally adjusted basis.
Read MoreBHP’s shareholders large and small look like getting a Christmas present by the end of this year with the company close to confirming how it will return most of the billions to be received from the sale of its US onshore oil and gas assets.
Read MoreMany metal prices ended higher Friday, trimming weekly losses but many still suffered a fifth consecutive monthly decline—the longest such streak of losses in more than five years for commodities like gold.
Read MoreWall Street ended mostly higher Friday, with the major benchmarks posting strong weekly gains and a strong finish to August.
Read MoreFriday saw some untidy results to end the earnings season, from Harvey Norman; 16% slide in profit and surprise $163 million deeply discounted rights issue (a discount of 33%) to the massive $403 million dollar impairment and net loss of nearly $307 million.
Read MoreA big week for the Australian economy with economic growth data and interest rates to the fore – offshore it’s the August jobs report in the US that everyone will be looking to, along the latest moves from President Donald Trump’s trade wars with Canada and China.
Read MoreThe Aussie dollar’s has slumped to its lowest level since January 2016 when global commodity prices were tanking, taking the dollar with it (iron ore hit a low of $US37 a tonne for example in January 2016).
Read MoreMore weakness for AMP shares yesterday after ratings group, S&P Global downgraded its rating on AMP Life, one notch to A+, in the latest fallout from the banking royal commission.
Read MoreShares in TPG Telecom surged another 18% plus yesterday after the company revealed details of its planned merger with Vodafone Australia via a scheme of arrangement.
Read MoreRamsay Health Care has revealed an expected weak 2017-18 result with a 20.6% slide in net profit and forecast more of the same for 2018-19, especially in Australia.
Read MoreShares in toll road giant, Transurban ended more than 1% higher yesterday at $12.06 after the ACCC cleared it to participate in the sale of part of the huge WestConnex project in Sydney by the NSW Government.
Read MoreListed legal firm,Slater & Gordon is bumbling along, slimming itself and continuing to cut costs as it readjusts to life after its near death experience in the UK in the past couple of years.
Read MoreBelieve it or more but after reporting its sixth consecutive full-year after-tax loss, Virgin Australia reckons it will be profitable this financial year.
Read MoreBega Cheese has bumped up full year dividend by 10% despite reporting a sharp fall in profit for the year to June as the cost of what was a massive expansion program hit home.
Read MoreNickel, copper and cobalt had a golden tinge for Perth-based Independence Group yesterday which reported record revenues and profits from the first full-year of operation at its Nova mine in WA and improved operating performance at its Tropicana joint venture.
Read MoreBuilding products group, Boral has lifted final payout two cents a share to 14 cents after revealing a sharp jump in annual profit on for the year to June.
Read MoreA solid, positive reaction from the market to news Bellamy’s Australia has returned to profit in the year to June.
Read MoreNorthern Star Resources has bought its second gold mine this year – this time spending close to $A400 million buying the Pogo underground gold mine in Alaska – north America’s 8th largest mine.
Read MoreCaltex Australia has found that sale and lease back – one of the usual ways of releasing capital (and favoured by many corporate strategists and private equity) isn’t all its cracked up to be.
Read MoreEmerging Melbourne-based packaging company, Pro-Pac shares took a pounding yesterday after it downgraded EBITDA guidance from between $46 million and $47 million to between $37 million and $42 million.
Read MoreShares in satellite operator SpeedCast plunged yesterday, losing more than 30% of their value after directors revealed it would spend $US135 million buying Globecomm and provided weaker than guidance for the 2018 financial year ending December 31.
Read MoreSneakers are back in fashion, as well as other types of footwear (boots, canvas, pumps etc) or so it seems from the 2017-18 results from Accent Group which boosted full-year profit more than 50% to $44 million, thanks to strong online sales growth and new stores boosting the bottom line.
Read MoreStrong sales growth in Asia helped vitamins and supplements company Blackmores record an 18.6% lift in profit to $70 million for the year to June and reward shareholders with a higher final dividend.
Read MoreMetcash seems to have sorted out its problematic South Australian operations by signing the head of an agreement for a long-term supply arrangement with Foodland Supermarket, the governing body for independent Foodland supermarket retailers in South Australia.
Read MoreShares in plumbing supplies group Reliance Worldwide fell more than 10% yesterday after the group revealed a solid underlying profit result after considerable change at the end of the year after the big move offshore through the takeover of UK group, John Guest for $1.2 billion.
Read MoreAdairs has completed a solid recovery from the weak performance in 2016-17 by lifting net profit 45% to $30.6 million and boosting final and total dividends for the year to June 30.
Read MoreAs expected the clean up costs from a change of strategy (especially its US presence) took a toll on Michael Hill International’s full-year profit which slumped 86% in the year to June.
Read MoreRCR Tomlinson is seeking to raise $100 million in a deeply discounted offer to shareholders as it seeks to steady its finances after being forced to take $57 million in write downs and other costs on a Queensland solar energy project.
Read MoreWall Street will have to assess the surprise decision, announced Friday night that Tesla will remain a public company after co-founder Elon Musk abandoned plans to privatise the company.
Read MoreExcept Australia, it was a good week for most markets.
Read MoreA fairly quiet week ahead here and offshore.
Read MoreThe final week of the June 30 reporting season and it’s mostly the rats and mice amid the odd corporate major that will release their full year (and occasional half year) figures.
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