Vocus Slips On New Downgrade
Another cut in guidance from struggling telco, Vocus Group and another pounding from nervous investors as the shares fell sharply.
Read MoreAnother cut in guidance from struggling telco, Vocus Group and another pounding from nervous investors as the shares fell sharply.
Read MoreGold miner, Northern Star has revealed a significant upgrade to its estimated gold reserves around its Jundee mine in Western Australia to the point where the company may have found a major new gold province.
Read MorePerth-based engineering services firm Monadelphous Group has rediscovered its growth mojo, judging by the latest financial report, with help from the rebound in commodity prices and activity, especially in oil, gas, gold and iron ore.
Read MoreIn an effort to bury its poorly performing business Ray’s outdoor business, Super Retail Group will spend $135 million in buying a Kiwi-based rival and bury it via a merger.
Read MoreSeven West Media has been force to drop its dividend for the time being as it struggles to survive a high level of debt, falling sales and weak growth prospects.
Read MoreShares in battling real estate agency group, McGrath rose nearly 4.9%on Monday, ending at 43 cents after a new chairman and director were announced in time to stave off the company being in breach of ASX listing rules for minimum board requirements.
Read MoreBeach Energy jumped more than 7% yesterday as investors appreciated the benefits the $1.6 billion purchase of Lattice Energy from origin Energy would bring to its profit and loss account (and hopefully the share price).
Read MoreBrambles shares reacted positively to logistics and pallet hire group maintaining interim dividend at 14.5 cents a share yesterday.
Read MoreInvestors liked the first financial report from the newly independent Domain Holdings, Fairfax Media’s 60%-owned property website listings subsidiary, despite signs the company’s costs need trimming and that its print business is suffering a serious revenue slide.
Read MoreAustralian job classifieds website business Seek has lifted dividend one cent a share to 24 cents a share after reporting perkier interim results yesterday for the first half of 2017-18.
Read MoreThe Australian December half 2017 earnings reporting season will really ramp up in the week ahead with around 80 major companies reporting , with the most important being BHP Billiton.
Read MoreLike commodity markets (see separate story), equities saw a vastly different week last week.
Read MoreIn Australia, earnings and a key measure of wages will dominate the coming week.
Read MoreCommodity prices, led by by gold, oil and copper surged last week for some of the best gains for a year or more.
Read MoreWarren Buffett still likes his Apples, but has gone right off IBM, and is losing interest in General Motors, American Airlines and Wells Fargo.
Read MoreGold miner Evolution Mining has boosted shareholder returns sharply despite a 10% slide in interim to $122.5 million for the December half. Directors declared a fully franked interim dividend of 3.5 cents, up from two cents unfranked a year ago.
Read MoreFor such a small, insignificant company, real estate group McGrath continues to generate a lot of publicity – all of it bad. Yesterday we saw a big loss, big fall in revenue, a results briefing cancelled and then trading in the shares halted at the company’s request, which is quite a mouthful for just one day.
Read MoreSouth32 will take an axe to its structure (and of course chop costs) after revealing it will boost returns to shareholders by more than previously promised this year, news that curiously saw the shares fall in what was a positive day for the wider market.
Read MoreA ho hum half year result from Telstra yesterday that left the market mildly interested as the shares edged up half a per cent to $3.45.
Read MoreGold and copper miner, Newcrest Mining has held its interim dividend despite reporting a weaker than expected half year profit.
Read MoreYes, there is life after years of board inaction and overspending on LNG for Origin Energy.
Read MoreJapan is still growing – enjoying its longest streak of GDP growth for nearly three decades, even though the three months ending December saw a sharp slowdown from the hectic pace in the September quarter.
Read MoreBack to earth for one time high flying fast food giant, Domino’s Pizza as profit growth slowed sharply, a new menu in japan was botched and the company trimmed its sales growth forecasts for Australia and NZ.
Read MoreIt’s no wonder Woodside wants to raise $2.5 billion to spend billions on expanding its gas interests on the North West Shelf, it is swimming in hundreds of millions of dollars of cash, with more to come and that needs a profitable home.
Read MoreIs department store chain Myer entering its death throes?
Read MoreInsurance Australia Group (IAG) has lifted interim dividend after a sharp improvement in its insurance margin and interim earnings.
Read MoreA trifecta of good news from blood products giant CSL yesterday in its 2017-18 first half report.
Read MoreThe first major survey of global investors since the reawakening of stockmarket tensions at the start of this month has found that fund managers seem to have soured on equities (understandably after the big falls) and where the US economy may be headed.
Read MoreNot even former bankers are exempt from overseeing a mess, especially when it is a debacle that has created close to $NZ1 billion in losses in less than a year! Take Sir Ralph Norris, a former CEO of the Commonwealth Bank. He retired from the CBA (to make way for another Kiwi in Ian Narev) in 2011 and took up various board roles, one of which saw him made chair of Fletcher Building – one of the biggest building products and construction groups in Australasia.
Read MoreFor the past week the Reserve Bank has mounted a concerted attack on current economic beliefs in the government, opposition and markets that apart from weak wages growth, things are OK, jobs are booming and rate rises are on the way up.
Read MoreShares in lithium miner Pilbara Minerals jumped almost 12% yesterday at one stage yesterday after the company said a pre-feasibility study demonstrated the the case for more than doubling production at its Pilbara mine in WA.
Read MoreWhile consumers and households struggle with low income growth and high debts – along with retailing (see separate story) the latest survey of business conditions and confidence from the National Australia Bank shows another sharp improvement.
Read MoreIgnore Transurban’s profit soaring 280% for the six months to the end of December.
Read MoreCochlear, the hearing implant maker, has underlined its confidence in the outlook by boosting interim dividend 8% despite what appeared to be a flat half-year profit.
Read MoreLike Cochlear, Boral shares came under early pressure after the building products group reported for the December half year and fell a touch short of some of the optimistic estimates for the company from some investors.
Read MoreIs the financial health of troubled Kiwi building products and construction company Fletcher Building worse than understood by the market?
Read MoreBendigo and Adelaide Bank has joined the larger Commonwealth Bank in boosting its net interest margin for the first time in years for the six months to December.
Read MoreIt was another six months of small gains for Ansell, the protective gloves and clothing group and the odd bigger step.
Read MoreGlobal packaging company Amcor has played down the strength of its second half outlook after lifting first half-year net profit 15% to $US329.7 million ($A461.6 million).
Read MoreShares in home electronics and entertainment and whitegoods retailer JB Hi-Fi took a pounding yesterday after the company fell short of market estimates on earnings, profit margins and the outlook for the rest of 2017-18.
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