SAI Global’s Big Day Out
The march of the private equity groups, foreign and local, on listed Australian companies continued yesterday with a messy situation emerging at SAI Global (SAI) after it picked up an apparently rich offer.
Read MoreThe march of the private equity groups, foreign and local, on listed Australian companies continued yesterday with a messy situation emerging at SAI Global (SAI) after it picked up an apparently rich offer.
Read MoreWith London and Wall Street closed overnight, our market inched higher yesterday in something of a blindspot. Asian markets were also quiet, mostly for the same reason.
Read MoreAt the close on Tuesday, the benchmark S&P/ASX200 lost 1.1 points or -0.02% on volume of $2.6 billion, closing at 5511.7.
Read MoreCommSec’s Juliette Saly provides a market update. The local share market closed flat in the wake of no real lead from Wall Street.
Read MoreA quiet start to trade on Tuesday has seen the ASX 200 give up it’s modest gain to trade flat at lunch. SUN shares are down 3% on news of a $500m writedown
Read MoreAussie market has started stronger today as expected. In a quiet day on market – US and UK markets closed tonight.
Read MoreThe coming week will see data on weak Australian business investment, especially in the resource sector, not so strong Japanese inflation and confirmation of weak US first quarter economic growth.
Read MoreThere will be a quiet start to this week for markets, despite another record setting finish on Wall Street on Saturday morning, our time.
Read MoreTwo of the most important shareholder meetings of the year will be held in Sydney this Thursday when security holders in Westfield Group (WDC) and Westfield Retail Trust (WRT) meet to discuss and vote on the third restructure of the Lowy family’s shopping centre empire in a decade.
Read MoreThe Australian share market started the trading week in positive territory, following gains on offshore markets on Friday. The All Ordinaries Index (XAO) closed at its highs of the day, up 20.1pts or 0.4 per cent to 5490.4 points, while the ASX 200 (XJO) finished above 5500 points at 5512.
Read MoreThe ASX 200 ends above the 5500 level on Monday with most sectors ending higher. Compliance and governance manager SAI global jumps 17% on a takeover bid.
Read MorePhew, saved by one imperfect number in an incomplete survey about the strength of part of the Chinese manufacturing sector, while a similar report also showed a stronger than expected reading from the Japanese manufacturing sector.
Read MoreShareholders in building products company James Hardie (JHX) have shared in the company’s enjoyment of the better conditions in its major housing markets around the world.
Read MoreLike so many companies these days, Woodside Petroleum (WPL) managed this week’s news flow very adroitly, separating the news of the abandonment of a $2.5 billion expansion into a huge gas development offshore Israel, and then a day later raising the prospect of a big new gas development on the northwestern coast of Western Australia.
Read MoreAfter a volatile week, the ASX 200 has ended in positive territory, albeit by a small margin of 0.25%.
Read MoreAt the close on Friday, the benchmark S&P/ASX200 index was 12.9 points, or 0.24 per cent, higher at 5,492.8, while the broader All Ordinaries index was up 12.2 points, or 0.22 per cent, at 5,470.3.
Read MoreThe ASX 200 has added to yesterdays gains in early trade on Friday. Mining and energy stocks are the only 2 sectors in the red after yesterdays improvement.
Read MoreMuted applause from the market yesterday at Woodside Petroleum’s (WPL) confirmation that it was not going to be up for $2.5 billion or more to buy into the huge Leviathan gas project offshore Israel in the Eastern Mediterranean.
Read MoreReal wages falling, consumer confidence tumbling – this is not what the Reserve Bank and many retailers really want to see is it?
Read MoreOver in Adelaide yesterday there was a reminder than not all building supply companies are benefitting from the rebound in housing.
Read MoreThe ASX 200 ended the session within sight of the best levels of the session when the index was up by 67 points. Volume was much better today with around $4.6 billion in turnover.
Read MoreLocal stocks were boosted by better than expected Chinese data at lunch. The miners rose partly thanks to higher iron ore prices.
Read MoreNote: This article was originally published on Oliver’s Insights on 21 May 2014 and has been republished with permission from the original author.
Read MoreCommSec Mid-session Report: Solid support for market in early trade.
Read MoreAnother day, another fall on Wall Street and another weak opening for the local market. The rollercoaster continued overnight with another triple digit fall the Dow.
Read MoreShares in Treasury Wine Estates (TWE) have had their best day for more than a year after the company revealed it had rejected a bear hug offer from US buyout group KKR at $4.70 a share.
Read MoreBuried in yesterday’s minutes from the May board meeting of the Reserve Bank is a warning that the Australian economy faces a slowdown over the rest of this year.
Read MoreThe ASX200 ended up 4 at 5424 on Wednesday. A low of 5372 was seen after disappointing consumer confidence numbers, before buyers emerged after lunch.
Read MoreLocal stocks staged an impressive recovery this afternoon. The iron ore price is at a 20-month low and U.S. stocks lost ground last night. Consumer sentiment slumped and wages growth is sluggish.
Read MoreMiners lead the market lower on Wednesday whilst consumer confidence figures have added to headwinds for local stocks
Read MoreCommSec’s Juliette Saly provides a Mid-session financial market update. Stocks are lower with iron ore falling to its lowest level since September 2012.
Read MoreWith global iron ore prices falling under $US100 a tonne overnight, the Australian stockmarket is set to open higher this morning – that’s either fools paradise or a misreading of what happened here yesterday.
Read MoreShares in metal basher and engineering firm, Bradken (BKN) were sold off yesterday afternoon after the company announced another round of job cuts and a full year earnings downgrade.
Read MoreDuluxGroup (DLX) expects its full year profit, excluding one-off items, to be higher than the previous year’s weak result.
Read MoreWell, well, a small miracle of Australian business, the struggling Elders (ELD) rural services group is close to reporting a profit and starting to use the hundreds of millions in previous losses.
Read MoreA low of 5384 saw a few buyers emerge especially in the banks and big miners. In the end the market closed up 11 points at 5420 having wilted a little towards the close.
Read MoreLocal stocks recovered some of the ground lost on Monday.
Read MoreResource stocks lead the ASX 200 lower on Monday as the iron ore price threatens to move into double digits.
Read MoreWorld iron ore prices are on the edge of slipping under $US100 a tonne and the latest two year low could come sometime this week after another fall in the mineral’s price on Friday night, our time.
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