Healthscope Back In Private Equity Crosshairs
A first bid try on from a group of private investors trying to snatch Healthscope on the cheap?
Read MoreA first bid try on from a group of private investors trying to snatch Healthscope on the cheap?
Read MoreWesfarmers shares yesterday edged up after the company delivered a mixed third quarter sales report that confirmed once and for all the adventure in the UK home handyman market through the billion dollar plus purchase of Homebase has been an absolute disaster.
Read MoreInvestors wondering how retailers are travelling in the second half of the 2017-18 financial year – we know most, bar a a few like Kmart, Woolies and The Reject Shop and possibly JB Hi-Fi did OK in the December half – should look at the March quarter Consumer price Index report from the Australian Bureau of Statistics this week.
Read MoreNewcrest Mining has cut its gold and copper production forecasts for 2017-18 because of the recent outage at its huge Cadia mine in central Western NSW where mining operations are now forecast to be back to normal by June.
Read MoreNo rate rise for at least a year from the Reserve Bank after another weak inflation performance in the first three months of 2018.
Read MoreLower shipments, higher costs and falling prices – not the best of combinations for iron ore miner Fortescue Metals Group as it enters the final three months of the 2017-18 financial year.
Read MoreInvestors didn’t like the trading update from building products group, Boral on Tuesday.
Read MoreSo will this result from Facebook be enough to steady the fragile US share markets?
Read MoreThe key US 10 year bond yield gave 3% a nudge on Monday, worrying investors and traders alike. That left it within a whisker of the level last seen four years ago.
Read MoreRio Tinto off the hook, jobs saved in Gladstone in central Queensland?
Read MoreSlowly Newcrest Mining is moving towards returning its most important asset – the huge Cadia gold and copper mine in central western NSW – back to something approaching full production.
Read MoreThe ANZ has joined the National Australian Bank (see separate story) in preparing investors for a big write down and multi-million dollar series of one off losses in its interim profit announcement next week (May 1).
Read MoreThree major banks – the ANZ, NAB and Westpac – report their 2017-18 interims from May 1 (today week).
Read MoreShares in iSelect fell more than 55% yesterday after the online comparison website slashed estimated 2017-18 earnings and revealed that Scott Wilson, the CEO of nearly five years had gone.
Read MoreEarnings in the US, a meeting of the European Central Bank and first estimates of US and UK first quarter economic growth will dominate markets offshore, but in Australia the headline grabber will be the March quarter consumer and producer price and export price data releases both sides of the Anzac Day break on Wednesday.
Read MoreDonald Trump mentioned OPEC for the first time ever in a tweet late last week and that got the oil market in a bit of a twitter, but his outburst was then dismissed as a rant.
Read MoreCommodities ended lower on Friday, but higher for most over the week.
Read MoreNetflix might have surprised on the upside last week, but the health of the US high value tech sector and the direction of Wall Street shares could very well be settled in the next week or so as the rest of those giants report.
Read MoreThe ASX looks like starting lower today after a slide on Wall Street on Friday night triggered in part by a 4.1% slump in the price of Apple shares, which spread to other tech shares.
Read MoreThe tech fears will dominate Wall Street markets this week with earnings scheduled from some of the leaders of the sector in Amazon, Facebook and Alphabet (see separate story).
Read MoreAn upbeat March quarter and nine month production report from South32 yesterday, even if its coal business in NSW continues to have problems.
Read MoreAround five months ago, Kerry Stokes firmly put to bed persistent market talk that Seven West Media was talking to Fairfax or Nine or News Corp.
Read MoreThe 2016 boom in the Australian jobs market is now fading as 2018 moves into the June quarter, according to figures issued on Thursday by the Australian Bureau of Statistics.
Read MoreBHP shares leapt more than 2.8% yesterday despite the company trimming its iron ore production forecasts for 2017-18 by around 2 million tonnes due to unplanned maintenance and disruption from a cyclone early in the three months to March.
Read MoreShares in Evolution Mining rose 0.9% to $3.36 yesterday after it reported a solid March quarter production effort and narrowed its full year guidance range.
Read MoreSantos shares jumped to a three-year high yesterday as hinted at a return to paying dividends after closing in on its 2019 debt target well ahead of time.
Read MoreShares in CYBG dropped 6.7% to $5.19 yesterday after the ASX-listed parent of British banks Clydesdale, Yorkshire revealed another increase in provisions for costs associated with the miss selling of payment protection insurance (PPI) by around £350 million ($A645 million).
Read MoreAre the tentative signs of a slowing in Chinese economic activity (seen in the monthly production and trade data for March in particular) more than just a one off blip?
Read MoreRio Tinto has become the world’s biggest iron ore miner, overtaking Brazil’s Vale in the three months to March to grab bragging rights, even if it’s going to be a brief reign as top miner.
Read MoreThe surge in global oil and gas prices in the first quarter saw Woodside Petroleum’s first quarter revenue jump 30% from a year earlier, helped by higher production.
Read MoreFletcher Building will be untroubled to raise most of the $NZ750 million from big shareholders by the time the raising closes tonight and the shares are re-listed tomorrow.
Read MoreThe Commonwealth Bank is bailing out of its funds management arm via a stockmarket float of the company with its $219 billion in assets acquired 18 years ago by then CEO, David Murray in a move that set up the current structure of the troubled Australian banking sector.
Read MoreAMP shares fell 4.4% yesterday on top of Monday’s more modest 0.4% fall as investors finally awoke to the growing dangers for the company from the disclosures at the financial services and banking royal commission.
Read MoreShares in Village Roadshow have fell yesterday after the company surprised with yet another earnings downgrade.
Read MoreStruggling NZ-based Fletcher Building is asking shareholders to inject $NZ750 million into the company, which will in effect partially recapitalise a business that has been hurt hard by huge losses on some weak building contracts.
Read MoreThe huge PNG earthquake in February saw Oil Search’s production slip by more than a third in the March quarter and forced the group to slash 2018 production and sales forecasts by nearly 18%.
Read MoreBank of Queensland has left its interim dividend unchanged at 38 cents a share after announcing a slightly higher first half cash profit thanks to lower loan losses and lending growth in commercial loans.
Read MoreNetflix shares jumped 8% in after hours trading this morning in the US after one of the key stocks on Wall Street reported higher than expected revenue and subscriber growth.
Read MoreLead and silver miner Galena Mining went into a trading halt on Monday, seeking to raise more than $8 million to help finance more drilling on its emerging lead/silver and gold/copper project in the Gascoyne area of WA.
Read MoreJudging by the first day of the second round of hearings by the financial services Royal Commission, financial advice will prove to be an even greater black hole for the banks and AMP than the first round which examined rorts such as poor loan documentation, liar home loans and fraud.
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