Struggling Karoon Needs A Cash Injection
Here’s a bit of smartypants trading that slipped by our so far slow to move watchdogs at ASIC and the ASX with their supposedly smart market trading monitoring software.
Read MoreHere’s a bit of smartypants trading that slipped by our so far slow to move watchdogs at ASIC and the ASX with their supposedly smart market trading monitoring software.
Read MoreThe local market has closed higher after recovering from sharp dips in early trade.
Read MoreShares recovered late to rise for 3rd time this week. All Ordinaries Index still slumped by 1.4% this week. Key jobs report out tonight in the U.S. & holiday in China kept investors quiet.
Read MoreEven though Woolworths (WOW) managed to at least match Coles’s sales growth (and perhaps top it on one measure), the market was unimpressed and sold off the shares by more than 2% in yesterday’s weaker market.
Read MoreHarvey Norman (HVN) has currency movements to thank (finally) for a 4% lift in sales for the nine months to the end of March.
Read MoreAs expected, pharmacies supplier and retailer Australian Pharmaceutical Industries (API) has reported a whacking great loss for the first half of 2013-14 thanks to those big write offs announced just before Easter.
Read MoreWall Street ended April with something of a bang, hitting a series of intraday highs on the Dow and the S&P 500 this morning in the wake of the Fed’s decision to continue cutting its huge spending program.
Read MoreBy the close on Thursday, the benchmark S&P/ASX200 index was 40.3 points, or 0.73 per cent, lower at 5,448.8, while the All Ordinaries index was off 40.4 points, or 0.74 per cent, at 5,430.4.
Read MoreDespite a better start this morning, the Australian sharemarket lost ground for the second time this week. A fall in iron ore held back the miners, in particular Fortescue Metal (FMG). The iron ore producer sells almost all of it exports to China.
Read MoreNote: This article was originally published on Oliver’s Insights on 30 April 2014 and has been republished with permission from the original author.
Read MoreCommSec’s Juliette Saly provides a Mid-Session financial market update. The ANZ has delivered its 1H results but the market is lower despite record highs on Wall Street.
Read MoreSell off, what sell off, as futures show a rise after yesterday’s slide.
Read MoreWoolworths (WOW) is likely to enjoy releasing its third quarter sales report later this morning.
Read MoreBeach Energy (BPT) keeps rolling a long nicely and remains on track for another very solid year, according to its March quarter production and financial update.
Read MoreNow, unlike events on Wall Street and especially in the tech heavy Nasdaq market, this news from China is a reason to be concerned about valuations in the local market, especially, valuations of iron ore companies such as Fortescue (FMG), and to a lesser extent, the price of BHP Billiton (BHP) shares.
Read MoreThe Australian sharemarket gained some ground following a big tumble on Tuesday. Woolworths (WOW) fell short of its quarterly sales expectations and slumped by close to 2% on the local market.
Read MoreMarket all over the shop in early trade now in the red. Retail in focus.
Read MoreWhen Singapore group Wilmar International first revealed in 2012 it had built a stake of 10% and failed in an approach to Goodman Fielder (GFF), the latter’s shares jumped 33% to a high of 69c on the day of the announcement.
Read MoreSlowly the shape of a new set of prudential controls over home lending, are emerging and will soon see the light of day as the country’s key banking regulator, APRA, prepares to issue a new set of rules.
Read MoreSo will this have an impact on investor confidence, or was Wall Street’s swinging day of trading overnight really a short, dead cat bounce seen in an hour to and hour and a half of late trading?
Read MoreInvestors are again being asked to put their faith in the Spotless brand.
Read MoreLocal stocks have recorded their biggest tumble since 14 April, with all sectors finishing in the red. Commonwealth Bank hit an intra-day record high of $79.95.
Read MoreCommSec’s Juliette Saly provides a Mid-session financial market update. Weakness in the mining sector has contributed to a flat day on the market at lunchtime, despite earlier gains.
Read MoreLocal stocks recover from a shakey start to trade at session highs at lunchtime on Monday
Read MoreDespite the rising tensions in Ukraine and talk of a tougher approach from Russia to gas sales, New York oil futures closed lower on Friday night for the worst week in a month.
Read MoreThis week sees a big test of the Australian market’s current bout of confidence on multiple fronts in what will be the first full week of trading in three weeks.
Read MoreThe impact from the stellar results from Apple and Facebook didn’t last long – a day at most – on Wall Street with a sell-off on Friday led by the tech-heavy stocks in the Nasdaq and other markets leading the way down.
Read MoreA quiet start to a busy week with FOMC and Bank results to come, starting Thursday. The market shrugged off the negative overseas leads as talk was all banks and how much they are going to reward shareholders. Disappointment looms I suspect, but the market is getting frothed at the mouth in anticipation of more records falling, so who am I to question it.
Read MoreAt The Close: Stocks Consolidate At Near 6-Year Highs
Read MoreNow here’s a story you probably won’t read amid all the talk of slowing China and another fall in world iron ore prices – global crude steel production in March jumped to a new all time monthly high of more than 140 million tonnes, up on both March 2013 and February this year.
Read MoreShares in Apple and Facebook jumped in after hours trading this morning after the two tech giants reported better than expected quarterly reports.
Read MoreBanks once again solid. Resmed strong result. Qld motorway sale and nice numbers for Altas Iron.
Read MoreThe Dow closed down 12 points while the S&P lost 0.2% to 1875 as the Nasdaq fell 0.8%.
Read MoreJust as the chances of an interest rate rise here have receded, New Zealand got its second rate rise in just over a month this morning when the country’s central bank lifted its key rate to 3.0%.
Read MoreAnd in a small echo of last week’s update from the embattled McAleese Transport Group, road transport products supplier MaxiTrans yesterday warned of a profit slide of up to 20% for the year to June because of the downturn in activity in the resources sector and the Queensland drought.
Read MoreJB Hi-Fi (JBH) shares fell 16c yesterday, to $20.64, after the electronics retailer said CEO Terry Smart would be retiring in August after 14 years with the company.
Read MoreSecurities in Australand Property Group (ALZ) and Stockland (SGP) ended barely changed yesterday as the market decided Stockland’s all share $2.4 billion takeover offer was only the first round in what could become a prolonged battle for control of Australand.
Read MoreThe local sharemarket rose to a new six year high, money market interest rates fell, as did the Aussie dollar, which dropped under 93 USc.
Read More