AGMs-Updates: Bad News
Call it bad news Friday, when a string of earnings downgrades were issued by companies large and small at annual meetings, or ahead of meetings in coming weeks.
Read MoreWorld News Hammer Markets, Confidence
Cars, planes, retailing, engineering, food and building groups around the world cut earnings forecasts, production or jobs on Friday in one of the gloomiest days of the year so far for earnings and stockmarket confidence.
Read MoreRetailing’s Mixed Report Card
Because of annual meetings, updates and quarterly statements, this week has given us an unusually large number of reports from a wide mix of retailers, possibly the widest for a week that we have seen for some months.
Read MoreChina Slows, Not Crashes
China’s economy is now slowing significantly. The AMP’s Dr Shane Oliver says it has slowed significantly on the back of slowing exports and a domestic property slump. The share market is off 70%.
Read MoreMore Car Industry Problems
So what will the world car industry look like by Christmas?
Read MoreHVN Sales Still Falling
Harvey Norman is the country’s leading furniture, consumer entertainment and IT retailer and it reported a worsening in its sales in the week to Sunday.
Read MoreWattyl To Cut Deeper As Sales Fall
The building slump continues to take a toll on Sydney-based paint maker, Wattyl Ltd which said yesterday it will significantly expand its cost cutting program to try to offset falling revenue and earnings.
Read MoreDiary: CPI
Yes, we’ve got a lot here this week to watch out for:
Read MoreRecession On The Doorstep, Knocking
Guess what?
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