Tabcorp Promises Dividend Lift For 2015
Gambling group Tabcorp (TAH) has lifted its full year profit 3%, despite a slide in revenue, but is forecasting a small lift in dividends in the 2015 financial year.
Read MoreGambling group Tabcorp (TAH) has lifted its full year profit 3%, despite a slide in revenue, but is forecasting a small lift in dividends in the 2015 financial year.
Read MoreThe Thai-controlled Singapore property group, Frasers Centrepoint will extend its $4.80 a share cash off for Australand (ALZ) by another 14 days to allow it to mop up the minorities after grabbing more than 56% with its offer by the deadline of 7pm last night.
Read MoreA sharply higher profit than forecast, a higher dividend, promise of more to come, and another hint that the company will soon be in a position to consider capital returns to shareholders – they are the brief highlights from Rio Tinto’s (RIO) interim profit announcement yesterday.
Read MoreASX 200 loses 2.2% this week with the technology the worst sector led by CPU whose share have shed 4.2%.
Read MoreBy the end of the session on Friday the S&P/ASX200 lost 73.7 points or -1.36% on volume of $3.1 billion, closing at 5435.3.
Read MoreThe Australian economy is not in a great place right now, as a lack of competitive pressure in many sectors is adding to inflation, while a lack of growth drivers is keeping unemployment relatively high.
Read MoreThe local market is down 15 points or 0.25% at lunch. Biggest gains on the ASX200 today: AAD up 7.2%, BDR up 5.9%, EVN up 5.4%, RRL up 4.2%, NST up 3.8%
Read MoreEven though the market had previously given a cautious thumbs up to the idea, it was far more circumspect yesterday when Orica (ORI) firmed up the idea of the getting rid of its chemicals business.
Read MoreAs expected, shares in Ausdrill (ASL) were pounded yesterday after it produced up to $90 million of write-downs and losses that the company warned were coming in a statement to the ASX late last week.
Read MoreThe brief, four months of trade surplus late last year and in early 2014, sparked by higher iron ore prices and exports, as well as a fall in imports of capital goods, helped the Australian trade account rebound more than $14 billion, into surplus in the year to June 30.
Read MoreBy the end of the session on Thursday the S&P/ASX200 lost 3 points or -0.05% on volume of $2.3 billion, closing at 5509.
Read MoreTollroad giant Transurban (TCL) plans to boost 2015’s payout to securityholders to 39c a share after yesterday reporting a solid 13% rise in net profit for the year to June 30.
Read MoreShares in bionic ear maker, Cochlear (COH) more than doubled the 6% rise in the past year, thanks to a second half performance that confirmed the company is back on track after a rough first half of the 2013-14 financial year.
Read MoreExcuse me for being more than a bit cynical – but the reason for Downer EDI (DOW) trotting out a share buyback yesterday of uncertain size is blatantly clear.
Read MoreAs expected, the Reserve Bank has left its official interest cash rate steady on 2.5%, 12 months after cutting it to that record low.
Read MoreSellers continued to apply pressure to the ASX 200 over the course of the afternoon on Wednesday. So far this week the index has shed just over 0.8 per cent having lost half a per cent last week.
Read MoreBy the end of the session on Wednesday the S&P/ASX 200 lost 6.6 points or -0.12% on volume of $2.1 billion, closing at 5512.
Read MoreIn July 2013 Westpac launched an ASX listed subordinated debt issue seeking to raise $750m.
Read MoreThe local market is down around -0.25% & down below 5500pts at lunch.
Read MoreOnce again the Reserve Bank won’t be swayed by another set of promising economic figures. The central bank will again decide to continue sitting on interest rates for the time being at its August board meeting later today.
Read MoreA cautious rather than enthusiastic reception from the market to the news of an extra 50c a share added to the attempted bear hug takeover offer for Treasury Wine Estates (TWE) from US buyout group, KKR and its partner, another private equity group.
Read MoreArgo Investments (ARG), the country’s second biggest listed investment company, has lifted its final dividend after reporting a near 12% rise in profit for the year to June 30.
Read MoreThe Australian sharemarket lost ground for the third day despite a strong performance from US shares overnight.
Read MoreAnother down day as the S&P/ASX200 shed 22.3 points or -0.40% on volume of $3.5 billion, closing at 5518.6.
Read MoreFresh from securing a major new cornerstone investor, ambitious gold junior, Southern Cross Goldfields (SXG), appears set to advance from the ranks of aspiring project developers to become a rapidly growing gold producer within 12 months.
Read MoreManaged funds can be a useful tool for investors, particularly investors who do not have the time or the skills to undertake a lot of research themselves in choosing individual assets in which to invest.
Read MoreBiggest gains so far on the ASX200 today: COH up 6.7%, LYC up 5%, MGX up 3%, SRX up 2.6%, SIR up 1.8.
Read MoreThe TD Securities–Melbourne Institute Monthly Inflation Gauge +0.2% in July, after no change in June. Gauge is +2.6% over year.
Read MoreWe are now approaching the season for markets to correct – the end of the northern summer and early autumn when share markets tend to take a breather and produce a sell-off.
Read MoreIn the US, where the sell-off is concentrated, the fretting about the ending of the Fed’s huge sending spree (and then rising interest rates) will continue to dominate investor sentiment from now until October – November.
Read MoreCentral banks in Australia, Europe, India, Japan and the UK will hold some of the attention this week for investors, although a large drop of key Australian figures, and at the end of the week, the monthly economic data from China, will also share the spotlight.
Read MoreThere’s more evidence that size no longer is the be all and end all for international companies, whether its in mining, retailing, manufacturing or even financial services.
Read MoreBy the end of the session on Monday the S&P/ASX200 lost 15.5 points or -0.28% on volume of $2.1 billion, closing at 5540.9.
Read MoreAll Ords -0.26% to 5533. Only property trusts & consumer staples rose. Retail trade +0.6% in June.
Read MorePoseidon Nickel is an emerging nickel producer that’s pursuing redevelopment of the historic Mt Windarra nickel project in WA. The stock has risen by almost 60% since our initial Buy recommendation at $0.14 just a few weeks ago.
Read MoreJuly was the best month in a year for the Oz shares, but All Ords -1.3% today; the worst day in 2 months as all sectors fall.
Read MoreIt was a losing month for many commodities, led by the old stagers in gold and oil, but assisted by the major grains and cotton.
Read MoreFor whatever reason – and there are quite a few – markets in Europe and the US turned lower and finished July in the red, leaving Asian markets out on a limb somewhat after their very strong month.
Read MoreWas it a cunning ploy by Woodside’s (WPL) board and management to release figures yesterday to the market suggesting the Shell franking credits/buyback deal, would fail at today’s special shareholders meeting in Perth?
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