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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.
Read MoreRio Bids For Alcan
Rio Tinto has made a $US38.1 billion ($A44.2 billion), $US101 per share cash offer for Canadian aluminium group, Alcan, in the biggest takeover yet seen in the worldwide resources industry.
Read MoreBHP Plans For Future
The world's biggest miner, BHP Billiton, has signalled that the huge Olympic Dam mining project in South Australia is moving towards a multi-billion dollar expansion.
Read MoreWOW Down $1.4 Billion
Like it or not you'd have to wonder if Woolworths has shot itself in a small appendage over the past couple of days, despite the flood of gush from some broking analysts about the 2007 sales figures and profit guidance.
Read MoreEconomy, Confidence Still Solid
Australian business continues to travel well, holding out hopes that the June 30 reporting season will be a good one.
Read MoreMirrabooka Rides The Market
The stunning 25 per cent rise in the Australian stockmarket has produced a sharp rise in earnings for the Goldman Sachs JBWere-associated listed investment company, Mirrabooka Investments.
Read MoreRadio 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.
Read MoreWOW 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.
Read MoreOil Crunch Coming
If the International Energy Agency is correct, then a global economic slowdown might be the only thing the world can hope for to help avoid a supply/price crunch and the continued rise in world oil prices.
Read MoreA Deal For Virgin?
Has a rare chance emerged for a one off deal involving two of the major parts of Richard Branson's Virgin aviation empire?
Read MoreMiners’ Marriage Mooted
Amid a record day on the ASX, shares in miners, Oxiana and Zinifex, jumped sharply yesterday on suggestions the pair could be planning a merger to ward off unwanted attention from international rivals.
Read MoreMarket Likes CCA Sale
With the burden of its South Korean adventure soon to be behind it, the market has re-marked the shares in Coca Cola Amatil, boosting them by more than three per cent yesterday.
Read MoreJobs Look Solid
Being a quiet week this week for data and corporate reports, there's going to be a lot of focus on the jobs figures on Thursday.
Read MoreWES Confident
The weakness in the Coles and Wesfarmers share price has raised speculation that the $21.9 billion bid could be threatened.
Read MoreBonds Rise
Don't be surprised if US financial markets get another dose of jitters this week as market interest rates again rise on good economic news.
Read MoreEconomy ‘Stretched’?
Interest rates will move to the forefront of the Australian economic debate this week with housing finance and labour force figures due for release.
Read MoreCSR’s Sweet And Sour Spot
It was an interesting AGM for CSR yesterday.
Read MoreUS Housing Has A Way To Drop
Signs are emerging that there will not be any upturn in the US housing sector before the first quarter of 2008.
Read MoreBut It’s Not The End Of The World
The past few weeks have seen lots of gloom surrounding the investment outlook.
Read MoreLead’s Boom
After spending more than a year being the ugly duckling of the commodity markets, in apparent disfavour from speculators and others, lead is having its time at the top of the heap.
Read MoreBHP Grows Oil
The resources boom goes on, despite some fraying at the edges with the impact of the higher Australian dollar, labour and resources shortages and slowing prices
Read MoreSituations: Coles, SIP, TLS
Those Coles shareholders wondering about why there's a discount with the Wesfarmers' offer price should remember one thing.
Read MoreKagara’s Bad Miss
Base metal miner, Kagara Zinc, has cut its 2006-07 profit forecast by $45 million following problems at its Queensland operations.
Read MoreColes, Wesfarmers’ Shares Down
Shares in Coles and its groom, Wesfarmers, fell as expected yesterday in the wake of their $22 billion, mostly scrip wedding.
Read MoreSituations: Rio, Crane
Rio Tinto has shown confidence in the outlook of the aluminium industry in giving the green light to the $2.1 billion expansion of the Yarwun alumina refinery at Gladstone in central Queensland.
Read MoreMarket Doesn’t Like Fairfax Role In SBC Split
The stockmarket has anointed Fairfax the loser in its evaluation of the $1.3 billion carve-up of Southern Cross Broadcasting.
Read MoreSIP 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.
Read MoreColes, Wesfarmers Marriage Looms
They will be line-ball businesses: Coles under the ownership of Wesfarmers and its rival, Woolworths.
Read MoreFXJ, MMG To Split SBC
The slow-moving Fairfax media group has finally roused itself to do a cross media deal that will take it into radio and TV.
Read MoreAustralian Resources Boom Ages
There was a small downturn in the Reserve Bank's Index of Commodity Prices in June, continuing a phase that began in March when the value of the Australian dollar started rising.
Read MoreHighs For Aussie, Kiwi Dollars
It's the news the Reserve Bank of Australia wants to see, it's probably not the news its New Zealand counterpart is too enthusiastic about.
Read MoreWES Alone At Coles-Seven Ups GRD
Wesfarmers has made a bid for Coles on its own after the turmoil in debt markets saw the European buyout group, Permira withdraw, taking with it the local equity group, Pacific Equity Partners.
Read MoreThe Year Ahead
So local markets have had their fourth year of outperformance.
Read MoreUS Markets Strong As Well
Despite a weak performance for June, all three US market indexes gained for the quarter.
Read MoreBonds Down, Worries Up
Bond yields down on more worries about easy money, subprime mortgages, junk bonds and hedge funds.
Read MoreAPI Weak, No One To Bid?
If Australian Pharmaceutical Industries thought it would soften the impact of a poor result by reporting the bare bones of the 2007 figures on Tuesday evening, it failed.
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