Results: Mixed From Brickworks-Soul Patts
Profit up at Brickworks, profit down at Washington H Soul Pattinson, once you strip out the distorting impact of the cross shareholdings in each other, and yet another big one-off profit.
Read MoreProfit up at Brickworks, profit down at Washington H Soul Pattinson, once you strip out the distorting impact of the cross shareholdings in each other, and yet another big one-off profit.
Read MoreOil prices are still rising.
Read MoreNew Zealand has avoided dipping into a second recession with news of an 0.2% rise in 4th quarter economic growth, according to yesterday’s report from Statistics New Zealand.
Read MoreSo now we have the worst of all worlds in Europe.
Read MorePortugal’s government is in danger of collapse as the country’s opposition parties oppose another austerity package, a move that could force the country to seek a bailout from the rest of Europe and the International Monetary Fund.
Read MoreA sell-off in Virgin Blue shares yesterday after the company surprised with yet another profit downgrade for the 2011 financial year.
Read MoreHardly a resounding vote of confidence from the small shareholders in West Australian Newspapers ahead of their company’s planned $4.1 billion marriage to the Seven Media Group (SMG) as part of the grand reshuffle plan of the major shareholder, Kerry Stokes.
Read MoreIt’s just on a fortnight since the terrible earthquake, tsunami and nuclear crisis shook confidence in Japan and world markets, and you’d be entitled to think that all is right in the world.
Read MoreDepartment store owner David Jones yesterday maintained earning guidance after reporting meeting its oft-stated guidance for a profit rise of around 5% for the six months to January 29.
Read MorePerth-based property developer, Cedar Woods Properties says it has seen off an unwanted $310 million takeover offer because it undervalued the company.
Read MoreNew Hope Corporation suffered a sharp fall in interim operating profit for the six months to January, thanks to the Queensland floods cutting production and exports and the impact of the higher Australian dollar.
Read MoreThe chances of a deal being done on the sale of Australian regional Pay TV group Austar have increased after its controlling shareholder, Liberty Global of the US, won an auction on Monday to buy Germany’s third largest Pay group for $A4.47 billion.
Read MoreRussian group Armz has lowered its offer for uranium miner Mantra Resources by 12.3% to about $944 million after last week pulling an initial higher offer because of the Fukushima nuclear crisis in Japan.
Read MoreLast Friday we warned of the rising possibility that the still depressed US housing sector could strangle the stuttering economic recovery in America.
Read MoreShares in Fairfax Media hardly budged yesterday after the company revealed that it had made significant changes to the senior management of its Financial Review business group that houses the AFR newspapers and BRW and other magazines.
Read MoreA mercy bid?
Read MoreIt wasn’t surprising that the Australian dollar regained parity with the greenback yesterday afternoon, as reports from Japan on the continuing nuclear power station crisis improved.
Read MoreNewspaper and radio group, APN News & Media Limited says the Queensland floods and New Zealand earthquakes will clip first half earnings by more than $10 million.
Read MoreThe World Bank says in a report the impact on East Asia and the Pacific is likely to be brief, but the rebuilding effort could last five years and positively impact economic growth.
Read MoreJapan, the situation in Libya and other states in the Middle East, the NSW election and a moderate flow of economic data here, in the US and Europe will dominate this week.
Read MoreChina has again raised its banks’ reserve asset ratios to try and rein in bank lending, liquidity and inflation.
Read MoreGold rose, world oil prices fell on Friday as the coordinated intervention against the yen steadied nervous forex and sharemarkets.
Ten days after the terrible triple catastrophes of earthquake, tsunami and then the nuclear crisis at Fukushima, the Japanese Government has started talking about rebuilding.
Read MoreStockmarkets will have more of the same to contend with this week: Japan, Libya, oil prices, gyrating currencies and volatile sentiment.
Read MoreIn 2007 the US housing sector and all the exotic securities than hang off dodgy valuations, falling prices and going broke homeowners smothered the US financial system and economy, producing the 2008 crash and crunch.
Read MoreThe early gloomsters are out and about proclaiming that Australia will suffer from any sell off of Japanese investments or from any slump in Japanese economic activity as a result of the quake, tsunami and nuclear crisis.
Read MoreAnyone looking for guidance for another importance investment area, retailing, would not have found it in yesterday’s trio of reports from department store chain, Myer, luxury products retailer, OrotonGroup and Kathmandu Holdings, which runs a chain of adventure wear shops here and offshore.
Read MoreIt only took less than a month, but the almost unchecked bullishness we saw in the February Bank of America/Merrill Lynch survey of global and regional fund managers, has gone and been replaced by a more cautious tone.
Read MoreA rather bullish outlook from major miner Rio Tinto in its 2010 review released yesterday helped the shares rebound nearly 2% in yesterday’s steadying market.
Read MoreThe National Australia Bank yesterday revealed a couple of significant senior management changes in a statement to the ASX.
Read MoreShares in surfwear retailer and distributor Billabong International fell yesterday after it said the events in Japan had forced it to recast its 2011 earnings outlook.
Read MoreDespite a stronger day in Japan and other Asian markets yesterday, Europe and the US again fell as the Fukushima nuclear crisis showed no sign of improving.
Read MoreDon’t fret about the gyrations in the value of the Australian dollar this week.
Read MoreOrigin Energy is rushing to complete a $2.3 billion issue to refinance some of the debt used in its recent acquisition of NSW electricity assets.
Read MoreShares in Air New Zealand dropped sharply yesterday after the airline revealed that it will incur a second half loss.
Read MoreAustralian interest rates will be on hold for a while longer as the central bank confirms that it will ignore short term blips and troughs in inflation and other data caused by the floods and bad weather.
Read MoreThe sell off on global markets deepened, then seemingly slowed overnight as Japan’s nuclear crisis worsened.
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