Nuplex Cuts Earnings Forecast
Investors in Australia caught up with the downgrade from NZ based chemical group Nuplex (NPX) yesterday, and the shares dropped more than 6%.
Read MoreInvestors in Australia caught up with the downgrade from NZ based chemical group Nuplex (NPX) yesterday, and the shares dropped more than 6%.
Read MoreEven though it had been flagged last month, the market still liked the look of Ramsay Health Care’s (RHC) latest move into the European hospital market.
Read MoreNew Zealand’s booming economy has forced the country’s central bank to lift its key interest rate for a third time this year.
Read MoreTravel group Flight Centre (FLT) has cut its profit forecast, joining the growing list of companies blaming the recent post budget slide in consumer confidence for a drop in holiday bookings.
Read MoreS&P/ASX200 lost 25.2 points or -0.46% on volume of $3.2 billion, closing at 5428.8.
Read MoreThe ASX 200 ended lower for a second day on Thursday with sellers showing preference for the materials sectors, although most sectors ended in the red.
Note: This article was originally published on Oliver’s Insights on 11 June 2014 and has been republished with permission from the original author.
Read MoreConsumer related stocks are under the microscope after recent profit downgrades the latest being Flight Centre (FLT).
Read MoreDeflation might continue to stalk the Eurozone, but for China, May’s small rise in consumer prices means that for another month the weak economy isn’t in danger of dragging our biggest export market down the same path.
Read MoreMore evidence yesterday that the pace of activity in the economy is slowing after the strong March quarter.
Read MoreThe slide in consumer confidence since Treasurer Joe Hockey handed down his harsh first budget last month continues to damage more and more retailers.
Read MoreKerry Stokes’ attempt to grab control of Nexus Energy (NXS) is dead and won’t be approved at a shareholders meeting tomorrow, judging by the 35% slump in the company’s share price yesterday, and a small rise in the price of Stokes’ Seven Group Holdings (SVW).
Read MoreS&P/ASX200 lost 15.7 points or -0.29% on volume of $2.9 billion, closing at 5454.
Read MoreYesterday’s modest rise wiped out. Consumer confidence only slightly higher, miners struggling due to weaker iron ore price and the Australian dollar remains firm.
Read MoreJuliette Saly delivers a mid-session market update. Buyers are back following the long weekend, however retail stocks are lower following two profit downgrades.
Read MoreReserve Bank Governor Glenn Stevens has made it clear he strongly supports moves to force banks to build up capital buffers faster than they want to help protect them (and the financial system) against damaging future shocks and crises, such as the GFC back in 2008.
Read MoreChinese exports were solid in May, rising 7% from May 2013, but imports surprisingly dropped 1.6%, leading some analysts to suggest the economy was still weaker than thought.
Read MoreAfter the holiday yesterday and the solid Chinese trade data, local markets this week will be focusing on the Australian jobs figures for May and a speech by Reserve Bank Governor Glenn Stevens in the US.
Read MoreAt the close on Tuesday, the benchmark S&P/ASX200 index was 5.7 points, or 0.1 per cent, higher at 5,469.7.
Read MoreThe banks helped lift the market into positive territory on Tuesday but profit downgrades in the retail space limited gains.
Read MoreWhat’s Rupert Murdoch and the family up to at 21st Century Fox? The company hasn’t bought back a share for a month – that’s the longest period in more than a year when the share buyback wasn’t conducted.
Read MoreNote: This article was originally published on Oliver’s Insights on 5 June 2014 and has been republished with permission from the original author.
Read MoreThe ASX 200 is trading around session highs at lunchtime with Financials leading the way, on the other side miners and retailers are getting attention from sellers.
Read MoreThe Aussie dollar rose past 93 US cents overnight in the wake of the move by the European Central Bank to cut interest rates to record lows and introduce a new series of funding measures to try and kick start the eurozone economy and choke off the continuing slide in inflation.
Read MoreVillage Roadshow (VRL) shares took a pounding yesterday, losing more than 8% in value after the company came up short on an earnings and dividend forecast.
Read MoreThe Reserve Bank has been warning that our stellar March quarter trade performance might not last – but did we really expect the trade boom to be over so soon in April?
Read MoreGrainCorp (GNC) yesterday kicked off a three year $200 million revamp of its grain handling and transport facilities across the eastern states that will see 80 jobs lost and the company slash the number of its grain receival sites.
Read MoreBy the bell on Friday the ASX200 gained 27.1 points or +0.50% on volume of $3.4 billion, closing at 5464.
Read MoreThe Australian sharemarket continued to improve this afternoon, taking the gains to almost 0.5 per cent.
Read MoreCommSec’s Juliette Saly provides a mid-session update. Stocks are lower despite a rebound in the iron ore price.
Read MoreGood news and for business, it’s the best time for two years, despite all the squeals about costs and nasty unions, reluctant consumers, the warm weather, the internet and whatever other reason they can advance to deny the current reality.
Read MoreCash always wins in takeover situations and that will again be shown to be the case unless Stockland (SGP) decides to add a whole lot more of the folding stuff to its offer for Australand (ALZ) after a Singapore property group yesterday produced a surprise $2.6 billion all cash counter bid.
Read MoreSydney-based women’s fashionwear retailer, Noni B (NBL) waved the ‘look at us’ flag last week in its surprise earnings downgrade, and said independent directors were exploring options for the company’s future.
Read MoreS&P/ASX200 lost 7.9 points or -0.15% on volume of $3.2 billion, closing at 5436.9.
Read MoreMarkets slipped for the third day, with weaker than expected trade statistics not helping.
Read MoreFrank Lowy’s Westfield Group (WDC) continues to play hardball with Westfield Retail Trust (WRT) by threatening to set up a new company to hold its Australasian interests regardless of the outcome of that adjourned meeting of WRT securityholders on June 20.
Read MoreIt looks almost certain that the European Central Bank will join the US Fed, Bank of England and the Bank of Japan in revealing some extraordinary policy changes to try and boost the weaker eurozone economy, after its meeting tomorrow night, our time.
Read MoreDon’t be surprised if the March quarter growth figures are a bit better than expected at the start of the week.
Read MoreNo movement in interest rates yesterday from the Reserve Bank, and there will be no change in this neutral policy stance for some time, even if today’s growth data shows a better than expected rise in March quarter GDP.
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