HBOS Banking On Australia

In reality it's a hard to understand the move by HBOS, Britain's biggest mortgage bank, and owner of BankWest in Perth, to spend hundreds of millions of dollars in building more than 160 branches across Australia to win more business from the rest of the local banking industry.

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A New CPI

We will have another, possibly more important measure of price movements in the economy to contend with when the June quarter Consumer Price Index is published on July 25 by the Australian Bureau of Statistics.

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Radio Revenue Booms

In good news for the five listed companies with an interest in the Australian radio industry, figures released by Commercial Radio Australia show that in the six months to June 30, radio revenues accelerated, rising 7 per cent to $301 million, with a turnaround in the highly competitive Sydney market apparent for the first time.

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WOW Up, Down

Far from sending a message to would be rivals, Wesfarmers and Coles Group, Woolworths seems to have disappointed the market in advancing the release of its 2007 financial year (and fourth quarter) sales and profit guidance by a week.

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Cars Boom

Higher oil and petrol prices were partly blamed for the slower than expected rise in retail sales in May, but they have not dented our appetite for motor vehicles with the million unit sales mark cracked for the first time in the 2007 financial year when it ended last Saturday

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SIP Plunges

The market yesterday administered one of the biggest hidings seen for some time to a leading industrial stock when it sold down the shares of Sigma Pharmaceuticals by 20 per cent after a surprise profit downgrade.

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