Ten Posts Weak Result, Future Looking Tougher
It wasn’t a good interim result from the Ten Network (TEN) yesterday and the outlook for the rest of the year is looking pretty poor.
Read MoreIt wasn’t a good interim result from the Ten Network (TEN) yesterday and the outlook for the rest of the year is looking pretty poor.
Read MoreNever mind the small, but significant point that the March jobs data from the ABS yesterday, and the surprise fall in unemployment contained in it, send conflicting stories about the health of the labour market and the wider economy.
Read MoreLocal shares recorded worst daily tumble in three weeks. Tech stocks were the worst performers in percentage terms. Lending fell for first time in four months and Chinese inflation under control.
Read MoreFrom the highly successful microcap funds manager Acorn Capital comes a new listed investment company (LIC), aiming to give investors a unique exposure to the companies at the smaller end of the stock market – some of which can grow very large indeed.
Read MoreThe sell off on Wall Street isn’t resulting from investors deserting equities – it’s more a switching as investors move out of companies with stretched valuations (in the eyes of those investors) into more mainstream companies such as utilities, retailers, other consumer stables and even some financials.
Read MoreCommSec’s Juliette Saly provides a Mid-Session update. Local stocks are at near 6 year highs. Network Ten has narrowed its 1H loss to just under $8M.
Read MoreAnother solid night on world markets – including new highs for the Aussie dollar and local stockmarket – as risk fears eased and tech, biotech and net stocks rebounded strongly for a second day on Wall Street.
Read MoreWorleyParsons (WOR), which will split its company into three divisions, has lifted its restructuring costs in the past nine months to near $50 million as it seeks to cut costs to battle the continuing weakness in global resource industries.
Read MoreIt’s all over bar the shouting. David Jones (DJS) has fallen to an Australian run, South African owned retailer in Woolworths.
Read MoreInvestors continue to drive activity in the Australian housing sector higher, according to the finance approvals data for February released yesterday by the Australian Bureau of Statistics.
Read MoreLocal stocks finished close to the best level in six years, with the All Ordinaries Index up by around 0.2%. Around three times as many jobs were created than expected in March.
Read MoreOn the face of it the latest business confidence and conditions survey from the National Australia Bank didn’t really add any greater understanding to the state of the economy.
Read MoreMore of the same harsh medicine for struggling wine giant, Treasury Wine Estates (TWE) from the new CEO Michael Clarke.
Read MoreAnother day and the Aussie dollar broke out of its narrow pattern to surge past 93 US cents and remain there.
Read MoreUS insurer, Genworth Financial Inc. is to make the second attempt in two years to float off part of its Australian mortgage insurance business with the aim of raising around $A880 million.
Read MoreThe Australian share market rose to a near 6 year high today. Retail stocks were in focus as David Jones received a $2.15 billion takeover offer.
Read MoreThe Australian market is having its best day in around two months at lunch, with the All Ordinaries Index up by around 1%. David Jones has accepted a $2.15 billion takeover bid from South African retailer Woolworths.
Read MoreCommSec’s Juliette Saly provides a mid-session update. The local share market has followed Wall Street into the red.
Read MoreFriday’s sell off on Wall Street shares extended to Asian and European markets overnight, and then returned to pull Wall Street lower for a third day by the time trading finished early today, Australian time.
Read MoreThe Aussie dollar continued to trade just under the 93 USc mark yesterday, while the local market fell sharply in early trading, as expected, but fought back to regain most of the losses.
Read MoreThe chances are rising that shareholders in Wesfarmers (WES) will be in line for some sort of capital management move, including a substantial buyback, after the company yesterday completed selling its insurance businesses for a total of $3 billion.
Read MoreWestfield Group’s (WDC) plans to split the empire for a second time in four years continues to worry investors and credit raters.
Read MoreThe Australian sharemarket recovered late in trade to only end 0.1% lower by market close. Beef producer Australian Agricultural Company (AAC) finished 4.5% firmer.
Read MoreSellers have taken the initiative on Monday in the wake of selling on Wall St at the weekend.
Read MoreThe tech stock correction on Wall Street continued on Friday, while the controversy continued over Flash Boys, the Michael Lewis book about high frequency trading on the stockmarket (HFT).
Read MoreUS first quarter earnings, Chinese trade and inflation data, Australian jobs and employment and a couple of important local results – there’s a mixed package ahead of us this week after last week’s data deluge.
Read MoreAussie shares are heading for a big fall when trading starts this morning on the ASX.
Read MoreCommSec’s Juliette Saly provides an afternoon market report. The share market has started the trading week in the red.
Read MoreNote: This article was originally published on Oliver’s Insights on 3 April 2014 and has been republished with permission from the original author.
Read MoreFlat trading has dominated the early session for local stocks on Friday as investors await key jobs data from the US.
Read MoreReserve Bank Governor Glenn Stevens has once again thrown down the gauntlet to everyone in the country to have a real debate about taxes, growth and other economic issues.
Read MoreThere was nothing in yesterday’s data flow to change anyone’s thinking on the health and direction of the economy – still ambling along, growing below trend and not showing any signs of exuberance.
Read MoreA surprise from the National Australia Bank (NAB) yesterday with CEO Cameron Clyne announcing that he will retire in August.
Read MoreCommSec’s Juliette Saly delivers an afternoon market report. The stock market has ended the week on a positive note.
Read MoreCommSec’s Juliette Saly provides a mid-session market update. Bank shares are holding back overall gains.
Read MoreThe Australian home building boom remains on track, as the Reserve Bank has been suggesting now for the past year.
Read MoreSmall Sydney-based women’s wear retailer Noni B (NBL) is facing another fall in earnings in the June-half after same-store sales plunged 14% in the March quarter, the company told the ASX yesterday in something of a shock.
Read MoreShares in food group Goodman Fielder (GFF) and Sydney based women’s fashionwear retailer Noni B (NBL) were smashed lower yesterday after they both produced surprises on the downside.
Read MoreLocal stocks struggled to advance today as investor anticipated the release of US data in coming days.
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