Lend Lease Lifts Profit, Dividend
Global developer and funds manager, Lend Lease (LLC) has boosted interim dividend after lifting after tax profit for the December half year to $315.6 million.
Read MoreGlobal developer and funds manager, Lend Lease (LLC) has boosted interim dividend after lifting after tax profit for the December half year to $315.6 million.
Read MoreBlueScope Steel (BSL) has reported a strong, 62% jump in underlying half-year profit to $79.6 million as the lower Australian dollar and stronger steel margins boosted earnings.
Read MoreThe Australian December half profit reporting season heads towards its conclusion this Friday with over 80 major companies reporting this week including BHP, QBE, Worley Parsons, Qantas, Westfield and Woolworths.
Read MoreShares in struggling mining contractor and civil engineer, Macmahon Holdings (MAH) will come under renewed pressure this morning after it lost a major, multi-million dollar iron ore mining contract with Fortescue Metals Group (FMG).
Read MoreAnother big week of data, especially inflation in several major economies, plus the second estimate of US 4th quarter GDP, and earnings here, in the US, Asia and Europe.
Read MoreCrude-oil futures will start this week on the backfoot after suffering their first weekly loss in a month last week.
Read MoreThe Australian share market will be starting trading this morning with modest gains of around 10 to 15 points after a record finish in New York on Saturday morning, our time.
Read MoreUS sharemarkets rose on Friday with investors encouraged by the likelihood of a bail-out extension being agreed between Greece and its creditors. The Dow Jones hit record highs, up by 154 points.
Read MoreThe ASX 200 has climbed 0.5 percent with gains recorded across almost all sectors. The Consumer Discretionary sector was the best performer, jumping 0.9 percent.
Read MoreThe major bank stocks such as the Commonwealth Bank, ANZ and Westpac have delivered solid returns in recent years, delivering not just capital gains but also producing strong dividend yields in a low-yield environment.
Read MoreThe energy sector is under pressure following a fall in oil prices overnight. Investor sentiment has also been dampened by the Greek debt negotiation gridlock.
Read MoreThe continued deadlock between Greece and its creditors over loans and a further weakening oil price weighed on investor sentiment overnight.
Read MoreWesfarmers (WES) will pay a higher interim dividend after lifting profit 8.3% to $1.376 billion on a modest rise in sales for the six months to December 31 – a result which hid some quite strong results in most of its retail chains.
Read MoreIt was something of a relief rally in the shares of Super Retail Group (SUL) yesterday as the company reported a fall in earnings and took restructuring costs in Australia designed to put some pep into sales and earnings growth.
Read MoreOn Wednesday, Seven West Media (SWM) was forced to recognise the sharp slide in its share price and worsening in the outlook for broadcast TV and by writing down the value of its TV licences.
Read MoreWe’ve seen modest results from two major local media companies this week – Fairfax Media (FXJ) and Seven West Media (SWM) – which don’t provide much in the way of confidence about their longer term outlooks.
Read MoreThe ASX 200 has slipped 0.4 percent today. The energy sector was the hardest hit, down 1.6 percent on the back of weaker oil prices.
Read MoreTo my mind, the case for monetary policy tightening in the United State is a “no brainer". So it bemuses me to see in the latest Fed policy minutes the world’s most important central bank is still dithering over when to raise interest rates.
Read MoreAustralian-based emerging gold producer focused on its Big Springs Gold Project in northern Nevada, USA. Anova is progressing steadily towards production, with open-pit mining set to commence during mid-2015.
Read MoreMinutes from the US Federal Reserve’s last meeting showed that many officials aren’t in a rush to raise rates. That news disappointed investors, sending the Dow down 17 points or 0.10 percent.
Read MoreJapan Post’s $6.5 billion agreed purchase of Toll Holdings (TOL) is all over bar the celebrating and the distribution of hundreds of millions in dollars to the main people behind the growth in Toll – including well over $340 million to Paul Little, the company’s recently retired CEO.
Read MoreAnother weak report yesterday from discount general merchandise retailer The Reject Shop (TRS) saw its interim dividend cut after a 24% plunge in net profit.
Read MoreWas the 2014 result for Woodside as good as it gets as the slide in oil and gas prices will almost certainly carve great chunks out of the 2015 revenues and earnings for the country’s major listed energy group?
Read MoreComplaining about inaction by Canberra on its anti dumping complaints, as Arrium (ARI) CEO, Andrew Roberts yesterday did to media and analysts will only serve to drag attention back to the gorilla in the balance sheet – the $1.5 billion net loss for the six months to December 31.
Read MoreThe 2014-15 financial year is turning out to be a year of consolidation and some strain for Insurance Australia Group (IAG) as it swallows the $1.8 billion plus insurance operations of Wesfarmers (WES) and has to deal with intensifying pressure for customers and premiums.
Read MoreThe ASX 200 lost 0.2 percent, held back by losses in the energy and materials sectors. The Consumer Discretionary was the best performer, rallying by 1.29 percent.
Read MoreThe ASX 200 is trading in negative territory after a mixed lead from Wall Street overnight. Energy stocks are suffering losses, following a fall in oil prices.
Read MoreThe ASX 200 is up 0.3 percent boosted by strong gains in the energy and materials sectors. The financial sector is preventing the market from making further gains – down 0.2 percent.
Read MoreUS sharemarkets posted modest gains on Tuesday. Investors watched developments in Greece and Ukraine and awaited Wednesday’s report from the Federal Reserve.
Read MoreAnd still in the consumer space and the consumer electronics retailer Dick Smith (DSH) is confident of meeting full targets for a 10% rise in sales, despite a moderate performance in the six months to December.
Read MoreAccording to the market, Pacific Brands (PBG) is a company going nowhere – a feeling confirmed by yet another dull interim report yesterday which had no real rays of light for long-patient shareholders.
Read More‘Phew’ said investors yesterday when faded blue chip Coca Cola Amatil (CCL) produced no more surprises in its 2014 profit report.
Read MoreThe ageing of jobs and education search group Seek (SEK), from hot online growth stock, to mature online giant continued yesterday when the market turned its back on what seems to have been a reasonable interim result.
Read MoreJunior iron ore miner Mount Gibson Iron (MGX) yesterday owned up to a loss of $870 million for the December half year.
Read MoreForget the interim results for Fortescue Metals Group (FMG) delivered yesterday and the claimed ‘beat’ on market forecasts.
Read MoreThe ASX 200 has climbed higher in afternoon trade, helped by a recovery in banking stocks. Every sector finished higher, led by the Industrials which was boosted by at near 50% jump in Toll Holdings shares following its Japan Post takeover news.
Read MoreA quiet but important regulatory change happened last month when APRA’s new Liquidity Coverage Ratio took effect, making it far more expensive for financial institutions to offer investors deposits of less than 30 days.
Read MoreThe ASX 200 is off 0.3 percent amid heavy falls in the financial sector. ANZ shares are being sold off after disappointing investors with its quarterly profit result, while CBA shares are trading ex-dividend.
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