Jubilee Bid Ignites Market
International mining giant, Xstrata, is continuing to try and get its hands on a significant Australian nickel play.
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Gloomy Messages For BLD, RIC
Shareholders in building products group, Boral and stockfeeds producer, Ridley Corporation took away gloomy messages from yesterday's AGMs which neatly sum up some of the major negatives confronting quite a few companies, and more if you extend their messages a little wider.
Read MoreOil Surge Helps
The Australian dollar and the price of the world's key marker crude oil, West Texas Intermediate, are seemingly locked in a struggle to see who will get to the 100 figure first.
Read MoreResources Surge Lifts Market
Not the best of times to be spending weak US dollars in a strong currency economy like Australia, or for repatriating money from overseas.
Read MoreJubilee Surges On $3.1 Billion Offer
Jubilee Mines (JBM) rose by as much as 42% today after Swiss mining giant Xstrata made a $3.1 billion bid for the Western Australian mining and minerals exploration company.
Read MoreOtto To Make $30 Million Through Galoc Acquision
Shares in Otto Energy (OEL) rose by 11% today after the Australian oil and gas company announced that it had acquired an 18% interest in the Galoc Oilfield in offshore Phillippines from Goloc Production Company.
Read MorePerseverance Valued At $282 Million On Bid
Shares in Perseverance Corporation (PSV) rose by as much as 35% today after it announced that Northgate Minerals is making a bid to acquire the Australian goldminer, valuing it at $282 million.
Read MoreCYU Makes Strong Debut, Continues To Rise
Yesterday, China Yunnan Copper Australia (CYU), a Queensland copper, gold and uranium explorer, ended its first day of listing on the ASX at 72 cents, almost tripling its listing price of 25 cents after closing its initial public offering (IPO) heavily oversubscribed and three weeks ahead of schedule.
Read MoreOxiana’s Costs For Mine Rise By 30%
Australian copper and gold company Oxiana (OXR) fell by 12 cents at one point today on the news that the rising price of materials and labor will lift costs by 30 percent for the company's new mine at the Prominent Hill project.
Read MoreEqitex Soars On Move To Resources Sector
Australian biotechnology company Eqitex (EQX) rose by as much as 67% today after it announced that it has finalised its move into the resources sector via the purchase of interests in three mineral permits in Indonesia.
Read MorePerpetual Expects 10% First Half Profit Gain
Investment management company Perpetual (PPT) announced at its AGM today that it expects a 10% increase in operating profit for the first six months of the financial year, below market expectations.
Read MoreAussie Dollar Rises
The Aussie dollar finished at 91.84 US cents in New York early Saturday, and despite what investors might be avoiding admitting to themselves that's 'ouch' territory.
Read MoreOil, Gold Drive Higher
Gold rose to the highest level since 1980 after crude oil surged to a record and the dollar fell to the lowest ever against the euro as US-engineered tensions with Iran bubbled over into financial markets..
Read MoreAussie Dollar’s Surge Spreads Through Markets
US markets shrugged off oil above $US92 a barrel as they looked to this week's two-day Fed meeting for another rate cut.
Read MoreWho’s Right On Cooper Basin Oil?
Who is right about the Cooper Basin oil reserves, Santos, which is cutting back its ambitious in-fill program because it can't find any more, or Beach Petroleum, which is confident of finding more?
Read MoreShare Boom To Mature, But Not In Asia
India is emerging, China has well and truly done so, and other Asian economies, outside of Japan, are still on solid growth paths.
Read MoreIndia’s Boom
India already means more to many Australians than tourism, cricket and Bollywood movies.
Read MoreANZ Battered
The market punished the ANZ yesterday, despite reporting its highest ever profit.
Read MoreTen Struggles, Says Will Do Better
A serviceable result from the Ten Network at the end of a difficult year for the country's third commercial TV network.
Read MoreUS Housing Sales Slump Deepens
The prospects for another US Federal Reserve interest rate cut have increased with the news that sales of existing homes in the US fell 8% last month to the lowest rate on record.
Read MoreSUL Does Better
A near doubling in sales revenue from its growing BCF (Boating, Camping Fishing) division has helped Supercheap Auto Group to a near 17% increase in first quarter sales
Read MoreAMC Says Things Will Get Better
Long suffering shareholders in Amcor have been told there is light at the end of the tunnel that will mark the end of years of entanglement in the nasty Visy cardboard carton cartel, and serial underperformance.
Read MoreWoolies Changes Tack
The chances of Woolworths revealing some significant capital management moves to benefit shareholders have risen with the reports the retail giant has dropped its ambitions to get its hands on some of the retail assets of rival, Coles Group.
Read MoreSolid Report From OXR
Miner Oxiana has shaken off a somewhat surprising fall in mining volumes for copper and gold at its Sepon project in Laos in the third quarter.
Read MorePac Brands’ Positive Messages Work
Clothing and bedding group, Pacific Brands (PBG), is on most broker watch lists for possible earnings trouble.
Read MoreWOW’s 1st Q Pleases
A cautious first quarter sales report from the country's biggest retailer, Woolworths, but one that makes clear the retail boom we've been experiencing since the start of the year is alive and well and high petrol prices are no longer a hindrance; while inflation seems to be easing for the retail giant.
Read MoreBHP Rebounds On Output News
BHP Billiton missed some analysts' forecasts with its first quarter production figures yesterday, thanks in part to problems in the Australian coal infrastructure chain and maintenance work that cut output.
Read MorePRY Again Nixes HSP-SYB Deal
Primary Health Care has attempted to throw a spanner into the proposed second merger deal between Healthscope and Symbion.
Read MoreOil Merger Looms
Oil and gas explorer, Anzon Australia, has chosen ARC Energy as its prospective merger partner, rejecting once again rival Nexus.
Read MoreALL Feels Lash Of Slow Markets
The gambling business isn't all what it is cracked up to be.
Read MoreAGL Changes Leaders
Less than a week after shocking the market with a profit downgrade, the board of AGL Energy (AGK) has done the right thing and got rid of CEO, Paul Anthony, who promised much but delivered little.
Read MoreInflation Looms
The strong Australian dollar will have a direct impact on the Consumer Price Index figures when they are released on Wednesday.
Read MoreWall Street’s Grey Friday To Hit Here
Our market could be down more than 2% at the opening today in the wake of Wall Street's Black Monday echo.
Read MoreNo Help From Commodities
There won't be any help to markets or investors today from commodity prices.
Read MoreHousing Shortage To Worsen
When the Consumer Price Index figures for the September quarter are released on Wednesday look for a fair bit of discussion about the impact of rising rents, interest rates and the impact of falling home affordability, on the level of prices.
Read MoreWoodside’s Downgrade Sees Price Surge
Australian investors are a forgiving lot; at times.
Read MoreHow High For Oil?
Oil futures prices have moved at different speeds since the start of 2006 because of the impact of currency movements.
Read MoreSharks Circle ADB, IAG
Adelaide Bank has warned shareholders to beware of a company offering to buy their shares at the knock down bargain of around $7.80, compared to the current market price, which topped $15 on Tuesday.
Read MoreBig Move Coming In Gold Price?
For many investors, the gold market is an esoteric one, to put it mildly.
Read MoreHorse Flu’s Market Toll
The equine flu crisis will not only hurt racing, harness racing or pacing, and non- thoroughbred activities, it is going to damage the finances of the big two of wagering, the ailing Tabcorp and the just-merged Tattersall's-UniTab company.
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