ACCC Frees Two Deals For Wotif, Tabcorp
Australia’s competition watchdog the ACCC has given the green light to two small mergers in gaming and travel.
Read MoreAustralia’s competition watchdog the ACCC has given the green light to two small mergers in gaming and travel.
Read MoreA quiet but postive end to the week with the S&P/ASX200 gaining 20.5 points or +0.39% on volume of $3 billion, closing at 5318.2.
Read MoreBiggest gains on the ASX200 today: SPO up 3.4%, SWM up 2.5%, CRZ up 2.4%, SKT up 2.4%, BKN up 2.3%.
Read MoreGold prices had a long a glorious run during the commodity price upswing and then during the early stages of global economic recovery from the 2008 financial crisis. But along with the commodity prices and the Australian dollar more broadly, gold prices peaked around mid-2011, and it has largely been one-way traffic downward ever since.
Read MoreWarren Buffett got a lot of publicity in the US on Thursday night (our time) with his company’s acquisition of America’s Van Tuyl Group, the fifth-largest auto dealership firm in the country and also the largest privately-owned dealer.
Read MoreLocal shares are wiping out most of yesterday’s 0.71% rise.
Read MoreSomething is happening on global markets – it’s hard to identify, but sentiment about the still strong US market us being undermined by nervy investors who at times seem to be jumping at shadows.
Read MoreThe news this week from the two big economies of Asia – China and Japan (and our two major export markets) has been more of the same – OK, not startling, but not enough to help boost confidence.
Read MoreDespite early reports which suggested that the important September quarter Tankan, or survey of Japanese business sentiment, was a bit better than expected, gloom quickly set in when the figures were analysed.
Read MoreFor a moment yesterday the worry-worts and panic-heads in the markets swooned and the value of the dollar and the stockmarket slid after weaker than expected retail sales data for August was released.
Read MoreThe ASX 200 ends down 36 pts or 0.68% at 5297.Sectors; Financials down 0.7%, Materials 0.4%.
Read MoreThe local market gave back yesterday’s gains with the S&P/ASX200 shedding 36.4 points or -0.69% on volume of $3.2 billion, closing at 5297.7.
Read MoreFurther price growth expected as prices rise and auctions go above reserve
Read MoreThis month, Glencore, a diversified multinational commodity trading and mining company, issued a bond in the domestic market for the first time. The company has a market capitalisation of around $50 billion and is the nation’s largest coal producer through its Australian subsidiary Glencore Xstrata.
Read MoreBiggest gains on the ASX200 today: MRM up 5.4%, NST up 2.8%, IGO up 2%, AWC up 1.6%, AZJ up 1.5%
Read MoreInvestor home borrowing continued to grow strongly in August, hitting a six and a half year high according to data released yesterday by the Reserve Bank.
Read MoreFinally September seems to have been the month when reality hit the Aussie dollar, much to general relief.
Read MoreCommodities finished a miserable quarter with a miserable day of trading Tuesday.
Read MoreFinally an end to nasty September and its equally treacherous quarter (for investors large and small). July was miserable, August a surprisingly solid month and September at first disappointed, and then shocked us with the size and the extent of the sell off.
Read MoreSolid buying of banks drove the ASX 200 higher for a 2nd day although materials were left behind.
Read MoreThe S&P/ASX200 gained 41.3 points or +0.77% on volume of $3.7 billion, closing at 5334.1.
All Ords +0.05% or 2pts to 5272.0. Last day of month & quarter. Shares -~2% over past 3 months.
Read MoreThree of the big four banks – ANZ, NAB and Westpac (WBC) rule off their 2013-14 accounts tonight and the next six weeks or so before they report are likely to be fraught for shareholders large and small, if the past month has been any guide.
Read MoreIf your are a speculative mining company with an uncertain track record like Lynas Corp (LYC) and you announce a surprise fund raising and more than $36 million in losses, it would be reasonable to expect the shares to drop rather sharply – which they did yesterday.
Read MoreNaturally shares in Treasury Wine Estates (TWE) fell heavily yesterday after it ended talks with two private equity groups on a possible buyout at $5.20 a share.
Read MoreSellers step aside and the ASX 200 ends at session highs with most sectors ending in front.
Read MoreThe S&P/ASX200 gained 28.6 points or +0.54% on volume of $3.3 billion, closing at 5292.8.
Read MoreOnline broking is a competitive business. Brokers live or die by the value and service we deliver to clients. So improving services is vital to our success.
Read MoreThe 2.2% loss for the ASX 200 last week has done little to temper selling in early trade on Monday.
Read MoreHopefully, our market will start with a small gain later this morning – if the share prices futures trading on Saturday morning, our time, is any guide.
Read MoreA top drawer week is ahead for economic and business related data in Australia and around the world.
Read MoreSomething of a turnaround in commodities last week – instead of a continuation of the recent across the board slide, US crude stood out with an unexpected rise.
Read MoreNot a great start to the week with the S&P/ASX200 losing 49.2 points or -0.93% on volume of $3.1 billion, closing at 5264.2.
Read MoreAussie dollar weakness pushed the ASX 200 back towards session lows this afternoon.
Read MoreIn recent weeks we have written to our clients and to the media about our concerns about the proliferation of “equity hybrids”. Equity hybrids, as opposed to debt hybrids, are hybrid securities that we believe have a risk exposure akin to equities, not bonds due to the ability of banking regulators to force their conversion to equities without any ability of hybrid investors to control this outcome. More concerning is the fact that Australian investors have invested a total of $20 billion in these securities, including the recent $2.5bn CBA hybrid PERLS VII.
Read MoreBHP & Westpac WBC are two of the worst performers this morn – wiping out 12pts from All Ords.
Read MoreLocal stockmarkets are heading for another pounding today after markets in Europe and the US sold off sharply, and the price of iron ore again fell overnight and this morning.
Read MoreAs bank profits come under pressure in the next year, don’t expect them to be able to resort to an old trick and cost cut their way back to normal profitability.
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