Dollar, Gold, Oil Weaken
One hit wonder, or a sign of things to come in 2008?
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New Hope Bails On Resource Pacific
Coal miner New Hope Corporation (NHC) announced today that it has pulled out of a takeover battle for Resource Pacific Holdings, saying it would not seek to better Xstrata's higher bid.
Read MoreKingsgate Reassures Shareholders
Gold miner and explorer Kingsgate Consolidates (KCN) said on Sunday that media reports early last week were incorrect and misleading when reporting on the company's mining applications in Bangkok.
Read MoreBT Financial Group’s Ordinary Debut
The investment arm of BT Financial Group, BT Investment Management (BTT) fell on its debut today, down 1 cent on its listing price of $4.80.
Read More$3 Billion Offer For Nufarm Falls Through
Nufarm (NUF) has ceased talks with the Chinese-led consortium which offered the agricultural chemicals company a $3 billion offer last month as the consortium has been unable to formalise its proposal.
Read MoreCFI Acquisition Finalised
The acquisition of Colonial First State Private Capital Limited (CFI) has moved towards completion after it said today the Federal Court of Australia made orders approving the Scheme of Arrangement by which Sunsuper will acquire all of the CFI Shares on issue for 79.8 cents per CFI share.
Read MoreValuing The $Aussie In 08
With the trade outlook getting cloudy, inflation perhaps easing in the second half of 2008, growth slowing and interest rates on hold, what happens to the value of the Australian dollar?
Read MoreRBA’s Red Letter Week
It's been a big week for the Reserve Bank, from improving the information flow to the market, investors, home owners ands others about interest rate decisions themselves, the reasons and publishing the minutes of board meetings, to reaching a new agreement with the Government on independence.
Read MoreChinese Whispers Over Rio Denied, Again
Save us from the cowboys in the Chinese business community.
Read MoreSlowing Britain
The Bank of England has cut its key interest rate 0.25% to 5.5% but the European central Bank left its key rate steady at 4% after meetings finished overnight.
Read MoreInterest Rates On The Way Back Down?
Prior to the start of the US housing market woes, central banks were talking tough on inflation. That was just 6 months ago. Now, with the housing and credit markets deflating, global central banks no longer seem so concerned about rising prices.
Read MoreWestpac Said IPO Raised $247 Million
Westpac (WBC) has raised $247 million from institutions from an initial public offer (IPO) of shares in funds manager BT Investment Management (BTIM).
Read MoreTelstra Deceives Customers About Next G Coverage
Telstra (TLS) has suffered a blow with the Federal Court ruling that the company has misled consumers about the coverage available on its Next G mobile network.
Read MoreNQM Negotiates With Newmont Over Gold Mine
Base metals explorer North Queensland Metals (NQM) announced today that it is in talks with Newmont Australia to buy its Pajingo gold mine.
Read MoreBillabong Adds Swimwear Company Tigerlily To Its Repertoire
Billabong (BBG) has announced today that it has acquired the swimwear company Tigerlily from founder Jodhi Meares.
Read MoreMirvac-Lend Lease, An Unlikely Marriage
Property groups Lend Lease Corp and Mirvac may have both confirmed they have been in talks about a potential transaction but that's about as far as it goes at the moment.
Read MoreAnother Coal Co In Xstrata’s Sights
Xstrata Coal, part of the big Swiss-UK mining house, Xstrata, continues to open its wallet for Australian mining assets, especially coal.
Read MoreCoca Cola Gets Some Fizz
Coca-Cola and beer continue to go well together for shareholders in Coca Cola Amatil, as does fruit, vegetables and its reduced international operations.
Read MoreEconomy Grows Nicely
The growth figures showed a 1% rise in gross domestic product in the September quarter in seasonally adjusted terms from the June quarter and a 4.3% rise over the year from September 2006 to the September quarter this year.
Read MoreLighting Corp’s Takeover Saga Looks Set To End
Lighting Corporation's (LCL) board finally got what it wanted – a new offer with the right price this time.
Read MoreConsMin Recommends Palmary’s Sweetened Bid
Consolidated Minerals (CSM) has confirmed today that its board has unanimously recommended that shareholders accept a sweetened $1.15 billion takeover offer from Ukranian group Palmary Enterprises.
Read MoreLeighton Soars On Another Contract In The UAE
Leighton Holdings (LEI) rose by as much as 3.5% today after it announced that its wholly owned subsidiary Leighton International has entered into a long-term joint venture to undertake contracting of major engineering and construction projects in Abu Dhabi.
Read MoreBailing Out Main Street…And Wall Street
Love him or hate him, Karl Marx was a pretty smart bloke. While perhaps a long bow to draw, his observation that ‘democracy is the road to socialism', strikes a certain chord with events in modern day America.
Read MoreRetail Slows
October is turning out to be a bit of a quandary for economists, investors and others.
Read MoreBuilding Approvals Mixed Again
The ABS also released building approvals for October, which fell by a seasonally adjusted 2.8%, partially reversed the upwardly revised 8.6% rise in September.
Read MoreA Glimmer Of Good News For Rural Australia
There's some good news for farmers.
Read MoreHills Reveals BSA Plans
An initial thumbs down from investors to the move by Hills Industries to reshuffle its TV and antenna assets into listed competitor, BSA, in exchange for a controlling stake.
Read MoreXstrata Makes $960m Bid For Resource Pacific
Today Xstrata Coal, a unit of Xstrata, made an all-cash $960 million bid for thermal coal producer Resource Pacific Holdings (RSP), competing with an offer from rival coal miner New Hope last month.
Read MoreLend Lease And Mirvac Do Some Talking
Diversified property giant, Lend Lease Corporation (LLC) rose as much as 3.2% on Wednesday after it said it has held private talks with Mirvac Property Group (MGR), spurring speculation about a transaction between the two.
Read MoreNufarm Trading Update
AGM's are of interest to investors because companies generally provide trading updates which gives some indication of how the business is tracking early in the new financial year.
Read MoreGreencross Acquires Two More Practices
Veterinary Operator Greencross (GXL) rose by 8.5% today after it announced that it has acquired two additional Veterinary clinics in Surfers' Paradise and Ashmore in Queensland for $2.2 million.
Read MoreAdvanced Surgical Falls On Debut
Advanced Surgical Design & Manufacture Limited (AMT), developer of prosthetic implants and medical devices, made its debut on Wednesday at a 6% discount to its issue price of 60 cents.
Read MoreEconomy Stutters?
Suddenly there's a stutter in the surging economy, or so it seems.
Read MoreInflation Up?
In a different vein, the latest inflation gauge from TD Securities and the Melbourne Institute shows a high level of price pressures still in the economy.
Read MoreOXR-NCM In New Deals
Fresh from updating the rapid development and expansion of its Prominent Hill gold and copper mine in South Australia at a cost $1.08 billion, Oxiana yesterday revealed more modest plans to expand the copper component of its Sepon operation in Laos at a cost of around $200 million.
Read MoreHills Moves On BSA?
The explanation for the sharp rise in the price of Hills Industries late last week emerged yesterday when the company asked for its shares to be suspended, pending an announcement by tomorrow of a possible acquisition.
Read MoreSweet Deal Finalised For Bolnisi Shareholders
Gold producer and explorer, Bolnisi Gold (BSG) said on Tuesday its shareholders have approved a $1.1 billion takeover offer by silver producer, Coeur d'Alene Mines.
Read MoreMetcash Net Profit Up 30%
Grocery and liquor wholesaler Metcash (MTS), owner of the supermarket brand IGA, posted a 30% rise in first half net profit and said it was on track to deliver its full-year revenue and earnings outlook.
Read MoreRetail Spending Growth Slows
Figures out from the Australian Bureau of Statistics suggest the August rate rise did have an impact as consumer spending slowed more than expected for the month of October.
Read MoreCrown Falls On Day Two Of Listing
Crown (CWN), the gambling business spin-off of defunct Publishing and Broadcasting (PBL) has fallen on its second day of listing, after yesterday displaying a promising debut.
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