More Confirmation Of Strong Economy
On the eve of the Reserve Bank's November meeting in Sydney today, more data suggesting the economy is burbling along at close to full speed, with all the attendant perils.
Read More
Markets Sour
More than $50 billion wiped off the capitalisation of the Australian stockmarket in the most serious reaction to the subprime mortgage crisis and its fallout for a couple of months.
Read MoreLEI-MAH, Married At Last
The action continues in the mining services and contracting industries.
Read MoreNIB Debuts At 40% Premium, Continues To Rise
Shares in NIB (NHF) have continued to rise by as much as 11% today after the Newcastle-based health insurer made its debut on the ASX at a large premium yesterday.
Read MoreLCL Shareholders Told To Reject ‘Inadequate Offer’
Lighting Corporation (LCL) formally advised its shareholders on Tuesday to reject the Gerard Lighting Acquisitions' offer after an independent expert found the offer to be ‘neither fair nor reasonable'.
Read MoreRepublic Raises $5.7 Million, Appoints Technical Director
Australian gold explorer and developer Republic Gold (RAU) rose by as much as 36% today after it said it had raised $5.7 million from a placement of around 76.5 million shares to a group of sophisticated investors at a share price of 7.5 cents.
Read MoreBPT Forays To Spain
Shares in Beach Petroluem (BPT), an oil and gas explorer, rose as much as 2.37% to $1.51 on Tuesday, after the company said it is expanding its exploration activities with a foray into the European Oil and Gas Industry.
Read MoreGold, Oil Up, Copper Down
It sounds like a bit of a re-run of the end to the previous week.
Read MoreInvestors Face A Nervous Wait
Another nervy week for investors here and around the world.
Read MoreDollar, Company Earnings The Focus
The strong Aussie dollar continues to carve up the share prices of leading Australian companies.
Read MoreRio Closes On Alcan
Rio Tinto Group is moving to mop up the rest of Alcan's issued capital after emerging with a 90.2% stake in its $US38.1 billion offer.
Read MoreARH To Expand Project On Acquisition
Australasian Resources (ARH), an Australian-based resource company, rose as much as 3.62% or 5.5 cents on Monday after it said CITIC Pacific has concluded agreements with Mineralogy and Professor Clive Palmer to acquire Korean Steel Pty Ltd.
Read MoreAGL To Build $166 Million Wind Farm
AGL (AGK) announced today that it plans to build another wind farm at Hallett Hill in South Australia which will be in operation by November 2009.
Read MoreNufarm Agrees To $3 Billion Takeover
Shares in crop protection group Nufarm (NUF) soared as much as 12.3% on Monday to hit a 52-week record of $17.52 after the company said it had agreed to a takeover proposal worth up to $3 billion from a consortium led by China National Chemical Corporation (ChemChina).
Read MoreMacquarie Group Debuts, Falls On Subprime Fears
Macquarie Group (MQG) fell by as much as 5.17% on its debut as a new company today.
Read MoreRetail Sales Confirm Rate Rise
Put the glasses away, interest rates are going up next week after the Reserve Bank board meeting on Tuesday. Another month of strong retail sales shows consumers haven't lost their appetite for spending, despite the rate rise in August and the uncertainty about the credit freeze and more interest rate rises.
Read MoreOil Surge Forces China To Relax Price Controls
China has been forced into an inflationary boost to domestic oil product prices by the surging world price which yesterday topped $US96 a barrel.
Read MoreTelstra’s Hard Sell Ahead Of Meeting
Telstra yesterday again surprised with an upgrade in earnings and performance, but will that be enough to save the company and its mostly American management from being criticised at the forthcoming annual meeting?
Read MoreWestpac Joins Record Club
Like St George the day before, record result from Westpac lit a fire under banking stocks for a second day in a row.
Read MoreANN On Track For 2008 Forecast
Ansell (ANS), a healthcare barrier protection business, reconfirmed its earnings per share are in line with its guidance at its annual general meeting today and indicated strong first quarter results.
Read MoreAGL Sells Gas Retailer For $522 Million
AGL Energy (AGK) rose by as much as 8% today after the large Australian energy company said it is selling its 33% interest in West Australian gas retailer AlintaAGL to Babcock & Brown Power's Alinta for $522 million.
Read MoreFalling US Dollar Hits Dubai’s Workforce.
Most of us see the falling US dollar in terms of cheaper overseas holidays. If only the devaluation of the world's reserve currency were that benign.
Read MoreDowner Disappoints And Plummets
Australian engineering firm, Downer EDI (DOW) once again confirmed its status quo as a perennial underperformer, delivering a profit downgrade for 2008, which drove its shares down by as much as 11% on Friday.
Read MoreARH Secures Expansion For Its WA Project
Shares in Australasian Resources (ARH), a mineral explorer, rose by 2.04% to $1.50 after it said an expansion to the mining, processing and infrastructure areas required to develop its world class Balmoral South Iron Ore Project, located in the Pilbara region of Western Australia, has been secured.
Read MoreGiralia Starts Drilling For Ore
Mineral exploration company Giralia Resources (GIR) rose by as much as 25% today after the company announced it had commenced a 40 hole reverse circulation (RC) drilling program at its Earaheedy iron ore project in Western Australia.
Read MoreTelstra Lifts Earnings Forecast
TELSTRA (TLS) rose today after upgrading its earnings guidance for the year as its transformation strategy continues to deliver strong results. The earnings upgrade was announced in conjunction with the company's six-hour investor update, held in Sydney today.
Read MoreCFE Acquires Strategic Tenements
Cape Lambert (CFE), an iron ore explorer, said today it completed acquisition of three tenements adjacent to its iron ore project located in the Pilbara region of Western Australia, increasing the company's ground holding to 70%.
Read MoreGold Futures Reach US$800 An Ounce
Gold futures rose above US$800 an ounce today for the first time since 1980, following the US Federal Reserve's decision to lower interest rates by 25 basis points to 4.5% overnight. The interest rate cut came despite reports that the US economy grew at an annual rate of 3.9% in the third quarter. The Fed is clearly targeting the housing market, and more specifically Wall Street's exposure to it.
Read MoreUS Rates Cut: Oil, Gold Higher
The US Federal Reserve has, as expected, cut interest rates by 0.25%, and indicated that this could be the end of the reductions for the time being.
Read MoreMixed News For Hardie, Others
Building products group, James Hardie Industries, has become a high profile Australian corporate casualty of the US housing recession.
Read MoreContrast: FGL, SGB
Foster's Group shareholders are a stoic lot.
Read MoreMixed Messages From Retailing: HVN, NBL, FAN
The herd searching for a good growth story settled on Harvey Norman for a short while yesterday after chasing hard after JB Hi Fi the day before.
Read MoreHerd Chases JB Hi FI
Investors have become besotted with growth stories, any growth story, no matter if it's in resources, industrials, retailing: you name it, if the story is great and consistent, the herd follows.
Read MoreNAB Says RBA Must Put Up Rates
The National Australia Bank has repeated its warning of two interest rises, starting with one next week.
Read MoreLGL-OXR Report Cost And Production Problems
World gold prices are at multi-year highs. Copper, zinc and lead are doing well, especially copper. Other precious metals are surging. Oil is strong but the list of Australian mining companies being battered by cost and operational concerns continues to grow.
Read MorePerpetual- Fosters Underperform
Listed investment manager, Perpetual, got caught by the credit freeze, it's also been caught by the sharp surge in resource stocks since August that has left the broader market behind (with the exception of isolated stocks like JB Hi-Fi).
Read MoreJHX Under US Housing Market Pressure
James Hardie Industries (JHX) joined a string of high-profile companies afflicted by the US housing crisis, after it said it plans to suspend production at its US plant in response to the current US housing market conditions.
Read MoreTerritory Finds More Ore
Territory Resources (TTY) rose by as much as 24% today after the Australian resource company said it had discovered further high grade iron ore at its Frances Creek project in the Northern Territory.
Read MoreCZR Looks Set To Diversify
Coziron Resources (CZR), a Western Australian – based company, looks set to diversify its base metal exploration activities, after signing an agreement to acquire a 60,000 litres per day ethanol plant in Malaysia.
Read MoreBRW Rises On Discovery
Breakaway Resources (BRW) rose by as much as 17% today after the nickel and base metal resource company said ongoing drilling at a newly discovered zone at its Scotia Nickel Project, located 65 kilometres north of Kalgoorlie in Western Australia, had returned a broad intersection of nickel sulphides.
Read More
