Rate Rise Warning For Reserve Bank
Consider this: the Reserve Bank lifts interest rates next week and leaves a very strong hint that they will rise even further this year.
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Primary Net Profit Falls By 24%
Primary Health Care reported a lower first-half net profit today, hit by the interest costs of buying a 20 percent stake in its takeover target Symbion Health.
Read MoreAnsell Reports Strong Sales In First-half
Shares in gloves and condoms maker, Ansell (ANN) rose 4.8% to $12.05 after the company reported strong sales for first-half results and upgraded full-year guidance for fiscal year 2008.
Read MoreCredit Corp Shares Plummet On Downgrade
Shares in Credit Corp (CCP) took a 70% nose-dive this morning after the debt collection agency announced an earnings downgrade of up to 50% and the resignation of its chairman Christopher Deane.
Read MoreDJS Forecast Increased Profit
One of Australia's oldest retailers, David Jones (DJS) has posted encouraging sales results for the second quarter of financial year 2008, and projected an increased first half profit guidance.
Read MoreXstrata Doubts Resource Pacific’s Thrid Party Claims
Resource Pacific Holdings (RSP) announced today that it is in talks with a third party, which may result in a more attractive takeover offer than the $1.077 billion bid Xstrata has put on the table Friday.
Read MoreAussie Stocks Fall On Inflation Worries
A fresh warning on more pain to come from higher interest rates put a dampener on the Australian market, with stocks falling by as much as 2.5% during intraday trading.
Read MoreIOOF Faces Downgrades
For some reason analysts and investors baulked at the news late Wednesday afternoon from IOOF that funds under management had fallen and earnings would be hurt.
Read MoreRBA Rates Rise: Too Much Or Too Late?
Did the Reserve Bank tighten too late, or wasn't this week's rise enough, and at least one more increase to 7.25% will be needed to break the back of inflation.
Read MoreNAB Warns On Credit Squeeze
Some wild trading in National Australian Bank shares yesterday's as shareholders met in Perth and heard warnings about the continuing impact of the volatile markets.
Read MoreKiwis Flock To Australia
We in Australia must be doing something right.
Read MoreRural Australia Awakening?
Just as the Reserve Bank and Federal Government are grappling with controlling inflation by lifting interest rates and cutting Federal Government spending, along comes news that would normally be seen as good, but in the current context, a bit mixed.
Read MoreAtlas Acquires Rights To10 Iron Ore Tenements
Shares in Atlas Iron (AGO) rose by as much as 6.88% today after the iron ore explorer announced it has entered into an agreement to acquire the iron ore rights to ten tenements in Western Australia's Pilbara region from unlisted tantalum miner Talison Minerals Pty Ltd.
Read MoreTelecom NZ Down 12% In Half Year Earnings
New Zealand-based telecommunications group Telecom New Zealand (TEL) reported a 12.6% decrease in net earnings for the six months ended December 2007 due to a decline in calling revenue and increased competition.
Read MoreAllegiance And Zinifex At It Again
Nickel miner, Allegiance Mining (AGM) wants Zinifex to make its intentions clear about the $745 million hostile offer and whether it will close tonight or be extended.
Read MoreNAB Buys RHG
Today National Australia Bank (NAB) announced that it has purchased $1 billion worth of mortgages originated by RHG, formerly known as Rams Home Loans Group, therefore helping RHG repay its debt.
Read MoreThe Bad News Keeps Coming: View Goes Into Voluntary Suspension
Troubled gold producer View Resources announced today that it has gone into voluntary suspension, seeking to restructure the group and its financial position.
Read MoreRio Tells BHP: ‘Go Away’ (For The Time Being?)
Well, it's either going to be hostile, or it will be accepted: that's if the board of Rio Tinto can make up their mind about the devil they know in their great rival, and the unknown of rejecting the $164 billion ($US147.4 billion) offer and remaining with 9% held by an unstable Chinese-US group of Chinalco and master, Alcoa.
Read MoreMarkets: US, Asia, Australia Down, Europe Up
Unfortunately for investors, the bears are having fun on Wall Street.
Read MoreMacquarie Bank Loses A Heavyweight
Nervous times for Macquarie Group, the bank that was once called Macquarie Bank, but which restructured only last year and in the process lost executive chairman, David Clarke and yesterday long time CEO, Allan Moss.
Read MoreHills Industries Doesn’t Impress
Hills Industries Ltd is expecting to increase its annual profit despite absorbing a higher interest bill, with more costs to come in the current half.
Read MoreSGP Says Its OK
Australia's biggest housing developer, Stockland may have escaped the full impact of the credit crunch and property jitters late last year, but that wasn't enough for some analysts and investors who seem to have been overly optimistic about how the company would go in the December half.
Read MoreSymbion Reconsiders Primary’s $2.65b Takeover Bid
Symbion Health (SYB) has said it will reconsider its rejection of the $2.65 billion takeover offer from Primary Health Care in the event that Primary receives a majority interest and the offer is declared unconditional.
Read MoreCorporate Express Posts Flat Profit, Shares Down
Shares in office products supplier, Corporate Express (CXP) fell 3.25% to a 52-week low of $5.65 after it said on Thursday its full-year net profit rose 0.6%, affected by increased interest expenses.
Read MoreBrokers To Investors: ‘Buy Macquarie’
After the hefty sell-down of Macquarie Group (MQG) shares yesterday, brokers are now encouraging investors to buy stock in the investment bank.
Read MoreNo Surprise: Rio Rejects Hostile BHP Bid
Shares in Rio Tinto fell in early trade this morning after the mining giant announced that it had rejected the final takeover approach from rival BHP Billiton, a decision that had been predicted by analysts.
Read MoreFuturis: The Drought And The High Dollar
Drought and high dollar were the most repeated words in the half-year profit report for diversified industrial business Futuris (FCL), which posted an 18% fall in underlying profit for the period.
Read MoreRetail Booms
Now for the bad medicine from the Reserve Bank; the nasty stuff for all us shoppers who enjoyed ourselves at Christmas and gave generously, and spent well.
Read MoreBHP Launches RIO Bid
BHP Billiton this morning made history by launching the world's largest ever takeover offer with a $US147.4 billion offer for rival, Rio Tnto.
Read MoreMore Rate Rises?
We could face more rises in interest rates if inflation doesn't behave and fall the way the Reserve Bank wants it to.
Read MoreHousing Falling Behind
So the Australian banks now have to prove to their doubters that there is competition for financial services, especially home loans.
Read MoreMixed Receptions For WBC, CBA
Westpac warned yesterday that rising short-term borrowing costs will trim first half earnings by about $85 million.
Read MoreEnd Of An Era: Allan Moss Retires As Macquarie Group Boss
Macquarie Group (MQG) fell by more than 9% today after the investment bank announced the retirement of its managing director and chief executive, Allan Moss.
Read MoreCBA Lifts Rates By 0.3%
Like rubbing salt into an already tender wound, the Commonwealth Bank (CBA) announced today that it has lifted the interest rate on its variable home loans by 0.3 percentage points.
Read MoreAACo Annual Profit Falls By 64%
Australian Agricultural Co (AAC) announced today that its annual profit has been shaved by 64% due to the drought and the high value of the Australian dollar.
Read MoreEco 1: Rates Decision Today
Well the money's on and according to the financial market bookies, the futures markets; it's odds on in the view of the market that the Reserve Bank will lift its key cash rate to 7% today.
Read MoreQGC’s Sweet Deal Powers Sector Higher
The shares of Queensland Gas Co and other coal seam hopefuls surged yesterday on confirmation of the news of QGC's snazzy deal with BG group of Britain.
Read MoreEco 2: House Prices Surge
Now here's a paradox for us to get our teeth into.
Read MorePhew: Bradken Makes Lower Guidance
Investors have breathed a sigh of relief that engineering group, Bradken has managed to make its reduced guidance in the first half of 2007-08.
Read MoreArgo Earns More, To Ask Shareholders For More
There's a 'chicken and egg' argument about the recovery in the price of Argo investments, the country's second largest listed investment company.
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