Sirtex Surges On FY Profit Jump
A solid 2014-15 result from drug group Sirtex (SRX) which yesterday revealed a 69% jump in net profit and sharp jump in final dividend.
Read MoreA solid 2014-15 result from drug group Sirtex (SRX) which yesterday revealed a 69% jump in net profit and sharp jump in final dividend.
Read MoreWagering group Tabcorp (TAH) could have done with some of the earnings oomph from its one time stablemate Echo Entertainment (EGP) in the year to June.
Read MoreFairfax Media (FXJ) beat market forecasts with its full-year results, reporting underlying net profits falling 3.9% to $143.4 million after tax and on a 5.3% dip in revenues to $1.88 billion.
Read MoreWhitehaven Coal (WHC) reckons it is looking at a better year in 2015-16 than the year just concluded after revealing a books cleaning writedown and loss for the 12 months to June.
Read MoreTelstra (TLS) shareholders received welcome news this morning with the telco giant revealing a boost to annual dividend after it revealed a solid profit for the year to June.
Read MoreChina skittled markets for a second day running yesterday after engineering a second sharp fall in the value of the yuan. But we had better get used to it because it is here to stay.
Read MoreCasino group, Echo Entertainment Group (EGP) has beaten earnings expectations for the year to June 30, but that didn’t stop investors from giving the stock a gentle mark down yesterday.
Read MoreInvestors weren’t greatly impressed that OZ Minerals (OZL) has resumed dividend payments after posting a $51.8 million profit for the first six months of this year. Shareholders can thank a weakening Aussie dollar which offset softer global prices for gold and copper in the half.
Read MoreAs expected the Commonwealth Bank (CBA) plans to ask shareholders for around $5 billion in a generous discounted pro rata capital issue after revealing a 5% rise in cash profit for the year to June and a small dividend boost.
Greedy shareholders have given Cochlear (COH) a real whack yesterday for not making overly ambitious market estimates for earnings in the year to June.
Read MoreThere must be some embarrassed shareholders in Domino’s Pizza Enterprises (DMP) around this morning after their early panic yesterday in the wake of the company revealing solid full year results.
Read MoreChina has triggered fears of a currency war by devaluing the Yuan by 1.9% against the US dollar yesterday, the largest since 1993. The move was done to make the Yuan more market orientated.
Read MoreAs expected engineering and mining services company Bradken (BKN) has tumbled to a bottomline loss for 2014-15 because of heavy writedowns thanks to an ever slowing resources sector.
Read MoreThe toll road cash machine and nearly monopoly, Transurban (TCL), has promised shareholders a rosy 2015-16 with higher payouts as it reshapes and integrates the Queensland Motorways Group as well as its Brisbane toll road business into its structure.
Read MoreWall Street surprised with a solid gain overnight and this morning, boosting our market which will start more than 30 points higher on the share price futures contract.
Read MoreBank shares turned higher yesterday thanks to a combination of sellers’ remorse from Friday, a reasonable trading update from the National Australia Bank (NAB) and a solid full year profit for Bendigo and Adelaide Bank (BEN).
Read MoreJB Hi-Fi (JBH) re-established itself as a market darling yesterday with a slightly better than expected result (and a small buyback), plus a higher dividend.
Read MoreShares in regional lender Bendigo and Adelaide Bank (BEN) eased 2.6% yesterday in the wake of a full year result that just beat consensus by reporting a 13% rise in cash profit for 2015 to $432 million.
Read MoreAnsell (ANN) shares took a real whacking yesterday after it stunned the market with what was in effect a sharp downgrade of 2015-16 earnings and revenue growth.
Read MoreMore earnings for the June 30 period this week here and offshore, but the concentration will be on Australia as our reports start their heaviest period of the season. Leading the way, the banks, the biggest drivers of stockmarket activity and investor sentiment, both of which took a battering on Friday courtesy of the ANZ.
Read MoreGold rose Friday, oil fell, copper was weak – in fact it was a repeat of the last few weeks for commodities.
Read MoreWith US markets closed tonight for the Columbus Day holiday, trading will be locally focused here and in Asia and Europe for the next day or so.
Read MoreAnother busy week ahead for markets and economies here and offshore, though hopefully without some of the dramas of last week for banks in Australia, media stocks around the globe, jobs in the US and Australia, plus interest rates.
Read MoreMixed news from China’s economy – and nothing really that will give us any heart that the slide has stopped and will soon start improving. If anything the suggestion from the trade and inflation data at the weekend – along with the July reading on manufacturing activity, but not the solid report on the expanding services sector – tells us there’s a bit more pain to come.
Read MoreIf weekend media reports are correct, Warren Buffett’s Berkshire Hathaway is close to buying Precision Castparts Corp, in what could be Buffett’s biggest purchase ever.
Read MoreRio Tinto (RIO) has maintained its policy of paying out progressively higher dividends with a 12% rise in its interim in US dollar terms, despite a sharp fall in earnings for the six months to June 30.
Read MoreNew Zealand Rich Lister Rod Duke and his Briscoe Group will have to fork out more money if they are to win over fellow Kiwi retailer Kathmandu Holdings (KMD) which yesterday told its shareholders to reject the $324 million takeover offer.
Read MoreWhile we got more evidence from the employment report for July yesterday of a solid growth in new jobs in July (and a surprise rise in the unemployment rate to 6.3%), it could be a case of too much statistical noise in the data confusing what is happening in the labour market.
Read MoreIn news that will see its shares under pressure today, contractor Downer EDI (DOW) has shocked by cutting its earnings forecast for the current year and warning of tougher times ahead.
Read MoreSkilled Group (SKE) has reported a full-year, bottomline loss of $16.7 million for the 2014-15 financial year, its last as an independent company ahead of its takeover later this year by Programmed Maintenance Services (PRG).
Read MoreA spark of interest in shares on Fortescue Metals Group (FMG) after Bloomberg reported that Chinese companies were interested in buying a share of the troubled iron ore miners WA assets.
Read MoreOrigin Energy (ORG) will suffer a loss of around $270 million in its 2014-15 results later this month after the $NZ1.8 billion ($A1.6 billion) sale of its 53.1% stake in NZ power supplier, Contract Energy.
Read MoreSuncorp (SUN) can be its own worst enemy – yesterday’s news releases about the result spun the wrong points – the 100% payout wasn’t the big news, nor was the multitude of profits reported – it was that the company had withstood a pretty savage whack from natural disasters in 2014-15 and had lived to tell the tale.
Read MoreThe NSW housing boom and good weather has smiled on residential property developer AV Jennings (AVJ) which yesterday revealed a surprise earnings update for 2014-15.
Read MoreFor some reason, financial markets seem to be wandering towards a major inflection point centred on the price of Apple shares and the timing of the first US interest rate rise since 2006.
Read MoreThe Reserve Bank’s predicted decision to sit pat on interest rates yesterday had little impact on financial markets – investors ignored that and another big sell-off in commodities to send the ASX 200 to a two month high (the only commodity not to weaken was iron ore).
Read MoreBrisbane-based bank and insurance group Suncorp (SUN), will pay out 100% of its 2014-15 profits, the group revealed in today’s profit statement and accounts.
Read MoreAdelaide-based listed investment group Argo Investments (ARG) has boosted its final dividend by nearly 7% to 15.5 cents a share, after reporting a solid result for the year to June 30.
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