Capex Dip Raises Fears About Economic Growth
The private investment figures released yesterday by the Australian Bureau of Statistics were very weak and suggest that from now on, investment is going to drag the economy down, not boost it.
Read MoreThe private investment figures released yesterday by the Australian Bureau of Statistics were very weak and suggest that from now on, investment is going to drag the economy down, not boost it.
Read MoreQantas (QAN) has confirmed that it will cut 5,000 jobs, sell leases on airport terminals and retire older passenger jets (something that should have been done well before now) in an attempt to regain profitability for the struggling airline.
Read MoreNow something must be wrong at Qantas (QAN) (and as we will see, Virgin Australia (VAH) tomorrow), if the latest results from their Trans Tasman rival, Air New Zealand (AIZ), are any guide.
Read MoreIt wasn’t the strongest of interim results produced by a leading company in the current reporting season, but Lend Lease (LLC) shareholders will receive an unchanged dividend, despite the company suffering a 16% fall in profit for the six months to December 2013.
Read MoreEngineering and mining services company, WorleyParsons (WOR) shares enjoyed a nice bounce yesterday after the company revealed its promised cost cuts and other management moves had stabilised its weakened profit situation.
Read MoreWotif.com (WTF) has cut its interim dividend after revealing an 18% fall in first-half earnings to $22.6 million, compared with $27.5 million in the first half of 2012-13.
Read MoreContrasting results yesterday from the world of bricks and mortar and online travel.
Read MoreThe two Westfield shopping mall companies revealed 2013 full year results in line with previous guidance this morning.
Read MoreSomething looks to be stirring in China – the country’s currency fell for a sixth day in a row yesterday, falling by the largest amount seen in 22 months.
Read MoreShares in the country’s largest private hospital operator, Ramsay Health Care (RHC) jumped to new all time highs yesterday after it boosted interim dividend and upgraded its earnings guidance for the 2014 financial year .
Read MoreInvestors didn’t like the apparently solid interim result from fund manager IOOF (IFL) and higher dividend.
Read MoreNo wonder the announcement by McPherson’s Ltd (MCP) of its 2013-14 interim profit was delayed a week to yesterday.
Read MoreAs forecast in last December’s shock downgrade, QBE Insurance (QBE) has turned in a loss of a quarter of a billion dollars for the year to December, sharply lower than the $US761 million earned in 2012.
Read MoreSteel maker BlueScope (BSL) has forecast little change in second half earnings after it reported a modest profit for the six months to December yesterday.
Read MoreShares in Patties Foods Ltd (PFL), the Four’n’Twenty pie and pastry products company, had jumped by more than 7% at the close yesterday after opening weaker in the wake of the release of its 2013-14 interim profit report.
Read MoreShares in Boart Longyear (BLY) fell more than 15% yesterday after the drilling company slumped to a full year net loss of $US620 million ($A691 million).
Read MoreBeach Energy (BPT) shares returned to levels last seen back in 2006 yesterday after releasing solid earnings for the six months to December, revealing a special dividend, and upgrading its full year production outlook.
Read MoreFor a second successive week, the Australian market was one of the stronger performers globally last week.
Read MoreAustralian earnings and private investment data will be major influences on local markets this week, while offshore, 4th quarter GDP data from a number of countries, plus the first survey results for Chinese manufacturing are due for release, while there’s be another appearance in the US from the new Fed chairman, Janet Yellen.
Read MoreThis is the last week of the December half 2013 earnings reporting season with 60 major companies due to report.
Read MoreThe National Australia Bank (NAB) has joined the trend of banks in reporting an uplift in cash earnings for the latter months of 2013.
Read MoreAs expected, Insurance Australia Group Limited (IAG) has joined the ever growing ranks of companies large and small boosting dividend payouts to shareholders.
Read MoreDespite a weak result, Fletcher Building (FBU), New Zealand’s biggest listed company, has joined the dividend boosting club with a small rise in its interim payment to shareholders.
Read MoreDespite that shock update downgrading profit last month – a forecast that wasn’t met yesterday with earnings lower than forecast, Brisbane-based Super Retail Group (SUL) has boosted interim dividend.
Read MoreInvestors for once liked change at the top of two companies with a track record of management uncertainty.
Read MoreFederation Centres (FDC) (nee Centro) was another company to join the higher payout club yesterday after reporting a very solid interim profit and lifting its forecast for the full year.
Read MoreThe continuing problems in its wealth protection business has seen AMP Limited (AMP) report a sharp fall in net underlying profit for the 12 months to the end of December, the company reported this morning to the ASX.
Read MoreAs was expected, Fortescue Metals Group (FMG) has joined in the dividend surge in the current reporting season, especially from the resources sector.
Read MoreGood news from Dick Smith (DSH) in its first profit report back on the ASX as a listed company, but it was a different message from The Reject Shop (TRS), which was to be expected after its profit warning last month saw the shares plunge more than 30% in a day.
Read MoreThe expected weaker result from The Reject Shop (TRS) has seen the retailer cut interim dividend after revealing a slide in profit for the half.
Read MoreWesfarmers (WES) has joined the growing list of companies large and small lifting dividend payouts to shareholders after reporting a better than expected first half profit yesterday.
Read MoreShareholders have again been rewarded by Woodside Petroleum (WPL) after the oil and gas group reported its second highest full year result ever and its highest based on earnings from continuing operations.
Read MorePacific Brands (PBG) copped a ‘please explain’ on Monday from the ASX about the shares which had risen in price from around 64c at the start of February, to 72c early Monday.
Read MoreAs expected, shares in McAleese (MCS) fell heavily yesterday after the company sliced its estimates for revenue and profits and revealed plans to downsize in the wake of the Cootes tankers debacle.
Read MorePoor weather in Australia, weaker returns from the previously strongly performing Indonesian soft drinks operation, adverse currency movements and increased competition saw Coca Cola Amatil (CCL) post what can only be described as a poor set of figures for the year to December 31, continuing what was a weak first half.
Read MoreThe iron ore industry isn’t just BHP, Rio Tinto (RIO) and Fortescue (FMG) plus a group of WA-based tiddlers – Arrium (ARI), the South Australian based steelmaker with an iron ore business sideline, is often left out of industry comparisons. Unfairly, given the latest half year surge in sales and earnings that helped Arrium to a sharp turnaround in profit in the six months to December.
Read MoreAmid the doom and gloom, three mining services companies yesterday reported earnings results that have bucked the trend for the industry and pleased investors.
Read MoreThe intensive cost cutting of the past year to 18 months, and the strong surge in iron ore prices and production in the back half of 2013, have paid off for BHP Billiton (BHP) and its hundreds of thousands of shareholders who will receive a higher interim dividend.
Read MoreBendigo and Adelaide Bank (BEN) has joined the growing list of reporting companies boosting payouts to shareholders.
Read MoreAnother company lifting dividend yesterday was Ansell (ANN), the condom and glove maker, which reported a 14.9% lift in earnings for the six months to December.
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