South32 Cuts Guidance After Gas Build-Up
The coal measures of the NSW South Coast region are gaseous (full of methane) and difficult to work at times, as well as being deep underground which makes for high costs – and high risks.
Read MoreThe coal measures of the NSW South Coast region are gaseous (full of methane) and difficult to work at times, as well as being deep underground which makes for high costs – and high risks.
Read MoreGrowth to slow this year, but to pick up to 3% annual over the next two years, debt to continue rising and worryingly, no improvement in wages for much of the next four years.
Read MoreApple has become the first company in history whose market value topped the $US800 billion mark and remained there at the close of a trading session.
Read MoreDirectors of Incitec Pivot (IPL), the fertiliser and explosives group lifted interim payout to shareholders to 4.5 cents a share for the year to March 31, from the 4 cents a share paid the year before when the result was hit with more than $105 million of impairments and write downs.
Read MoreSome retail stocks took a beating yesterday on more fears they will be victims on the impending arrival of Amazon and aggressive discounter, TK Maxx from the US, and the announcement of another month of weak retail sales by the Australian Bureau of Statistics.
Read MoreThe big taxing Turnbull government has already cost bank investors an estimated $14 billion in lost value for the big four banks’ share prices – which is more than twice the $6.2 billion a new tax will collect.
Read MoreApple’s stock market value briefly topped $US800 billion for the first time overnight Monday, as the stock surged further into uncharted territory in the wake of Warren Buffett’s Berkshire Hathaway revealing it had boosted its stake in the technology giant to nearly $US20 billion in recent months.
Read MoreThe Federal government has grabbed another policy from the ALP Opposition by announcing an inquiry into competition in the country’s financial system.
Read MoreChina’s export growth halved last month in US dollar terms as imports slowed more than expected. That slowdown tracked recent reports that suggested slower expansion in the country’s manufacturing sector in April, with a spillover into May as last week’s sharp slide in commodity prices showed.
Read MoreOn the eve of the delivery of the 2016-17 federal budget, the National Australia Bank’s monthly business survey for April has again painted an upbeat picture about the level of business activity and confidence in the wider economy.
Read MoreBad luck for Solomon Lew, or decision time for an assault on Myer (MYR)?
Read MoreInvestors have given a modest thumbs down to the news of a renewed move on Fairfax Media (FXJ) by US buyout group, TPG.
Read MoreAmid all the questions and celebrations at the weekend’s annual meeting of Warren Buffett’s Berkshire Hathaway in the US midwestern city of Omaha, there was one big question left unanswered – is Buffett changing his view on the world of investment?
Read MoreWestpac (WBC) has joined rivals NAB and ANZ in reporting a modest rise in cash earnings for the six months to March 31, and left interim dividend on hold as the bank assesses the need for more capital over the next year.
Read MoreThe outcome of the French election will dominate early in the week internationally, along with the 2017-18 federal budget here, the start of the month data for housing approvals and retail sales, plus the Westpac interim which is out this morning.
Read MoreCyclone Debbie was an unlikely cause of the surprise first quarter fall in earnings for Warren Buffett’s Berkshire Hathaway group.
Read MoreFairfax Media (FXJ) confirmed last night it has received an unsolicited approach from a consortium led by US private equity company TPG capital. The rest of the consortium wasn’t identified last night.
Read MoreLast week’s mini sell-off of commodities took a breather on Friday night in the wake of a better than expected US jobs for April – while gold, copper oil and nickel all fell for the week, they were steadier on the day.
Read MoreStandby for a solid day on the local stockmarket today.
Read MoreAs usual there was an awful lot from the Berkshire Hathaway AGM in Omaha on the weekend. From investment – passive investing was praised, to tax and the Trump healthcare package which was criticised, to the company’s holdings in Wells Fargo, IBM and political donations – the hours of comment and questions covered an awful lot.
Read MoreNo wonder Kraft Heinz Co, Warren Buffett’s 26% owned food giant went hunting for the much bigger Unilever earlier this year – all the growth has disappeared from the merging of HJ Heinz and Kraft and associated cost cutting by Buffett’s partners, the Swiss-Brazilian private equity group 3G, and they are now looking for a new target to provide a (cheap) sugar hit to sales and earnings (and their own rewards).
Read MoreGlobal commodity prices fell sharply for the second day in a row with oil prices down to their lowest settlement levels since November 29, the day before OPEC announced a deal to curb production in an effort to balance the market.
Read MoreThe prospect of the first trade surplus in 40 years or more has moved another month closer with the publication of yesterday’s March trade data showing a surplus of $3.1 billion.
Read MoreIf you had to focus on just one factor that helps explain the current industrial action by Fairfax Media journalists over the company’s cutting of 125 jobs and $30 million in costs, it is the worsening finances of the print side of the business – especially an accelerating slide in revenue so far in calendar 2017 compared to the same period in 2016
Read MoreYes, the Reserve Bank is worried about high levels of debt, high housing prices, but more importantly, Governor Philip Lowe reckons a greater concern for the bank that if the proverbial hits the fan, a new risk could be triggered and that is the damage a downturn does to consumer confidence and spending.
Read MoreAmid all the hype about Facebook, Apple and the angst of the current strike at Fairfax Media about job losses and cost cuts, the New York Times produced a small beacon of light for the embattled legacy media businesses around the world in its March quarter report this week.
Read MoreThe National Australia Bank has left dividend steady at 99 cents after a modest 2.3 million rise in cash earnings to $3.29 billion for the six months to March 31.
Read MoreUS interest rates look like rising next month after the US Federal Reserve left then unchanged at this week’s two day meeting, but made it clear it saw the sluggishness in US economic activity in the first quarter as “transitory”.
Read MoreInsurer and reinsurer, QBE, is planning a major move into the evolving world of insurance start ups and other financial technology driven companies in the next year with shareholders at yesterday’s annual meeting in Sydney being told their company has a $50 million budget to spend this year alone.
Read MoreShares in telecommunications group Vocus fell almost 30% yesterday at one stage after the company has unveiled its second profit downgrade in less than seven months.
Read MoreAll over bar the shouting with Spotless?
Read MoreJournalists at Fairfax Media’s Sydney Morning Herald and Melbourne Age went on an immediate week long strike to protest at yesterday’s confirmation that 125 jobs are going across the company’s newsrooms.
Read MorePain at Australia’s biggest milk producer, Murray Goulburn (MGC) for employees who are taking the brunt of the hit from last year’s managerial incompetence under the old board and management regime headed up by former CEO, Gary Helou.
Read MoreFor the past three years Woolworths (WOW) biggest headache was the expansion into hardware through Masters, but as that was being resolved, its Big W department store chain developed a crack which turned into a flood of problems in the past 18 months, and will damage 2016-17 earnings.
Read MoreShareholders got some goodies from tech giant Apple in what was a generally disappointing March quarterly report (the company’s second for the financial year) this morning.
Read MoreAs expected no change to interest rates from the May meeting of the Reserve Bank board yesterday as the central bank again made it clear that the housing sector was its prime area of worry.
Read MoreLow interest rates not only help banks sell more loans, say for housing, but they also mean (if credit screening procedures are right) lower bad debts because fewer customers are under pressure.
Read MoreInterest rates alone will not be the most important part of today’s statement from Reserve Bank Governor, Phil Lowe after the central bank’s May board meeting.
Read MoreMayne Pharma Group’s (MYX) share price fell more than 10% to $1.20 yesterday and for that you can partly blame President Donald Trump and his erratic talk about controlling drug prices.
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