Profits: Wesfarmers Does Well, Fosters Says ‘No’, Again
As good as Wesfarmer’s results were for the 2010-11 financial year, with a 23% lift in after tax earnings; let’s pause for a moment to put them in some perspective.
Read MoreAs good as Wesfarmer’s results were for the 2010-11 financial year, with a 23% lift in after tax earnings; let’s pause for a moment to put them in some perspective.
Read MoreAfter Thursday’s massive sell-off in Europe and the US you can hardly blame investors of all sizes for heading for safety.
Read MoreThe poor blinkered dears in the market turned against Boral yesterday, selling the shares down almost 6% or so after it revealed a half a billion dollar deal to buy control of a plasterboard joint venture in Asia.
Read MoreThe annual results of CSL yesterday highlighted, quite nicely, the swings and roundabouts from the way currencies are moving and what companies are doing to protect and reshape their businesses.
Read MoreSo we are going to have a hostile takeover battle from international brewer SABMiller for Foster’s Group.
Read MoreUnlike the receptions for other banks reports or updates this reporting season, Westpac’s third quarter trading statement yesterday was given the thumbs down by the market.
Read MoreUnlike BlueScope Steel, which has cut the value of its assets by around $900 million and warned of a major restructuring to be announced next week, rival steelmaker, OneSteel has been quietly hacking away at costs without the too much publicity.
Read MoreQantas yesterday joined the gathering rush of corporate restructuring in Australian business.
Read MoreRelief might have been the best way to describe the reaction yesterday to the annual figures from Leighton Holdings, Australia’s major mining and construction contractor.
Read MoreContrasting market reactions yesterday to two annual results from mid-level industrial companies.
Read MoreAs expected Newcrest Mining boosted full year profit by a big margin in the wake of the last year’s takeover of Lihir Gold and its 1 million ounces a year of production.
Read MoreFor the first time in a fortnight, investors will start the trading week without the threat of a major market slump.
Read MoreGold and oil both finished a difficult week down at the close on Friday for differing reasons.
Read MoreIt’s another big week for the markets and economy here and offshore.
Read MoreAnother month of Chinese economic data (which was dribbled out in a surprisingly vague manner over a number of days) tells us that growth engine of the global economy remains beating and performing well.
Read MoreAfter the flow of data for June and a couple of early reports on July, the Australian economy remains mired in a very slow lane, except for the resources sector.
Read MoreSuddenly the same analysts and ‘experts’ who have been negative on Telstra, are fans after the company reported a smaller than expected fall in earnings for the year to June 30; a result that included rising revenues and profits from mobile phones and telecoms.
Read MoreWell, looking at yesterday’s Commonwealth Bank full year result, several points stand out.
Read MoreThe restructuring of Australian retailing continues.
Read MoreWell, there’s one bit of good news around: the Chinese economy has avoided flopping into recession or a credit crunch amid all the hue and cry over America’s credit rating cut and the market instability surrounding that.
Read MoreCoca-Cola Amatil (CCA) management obviously decided that with the stockmarket tanking and all shares under pressure, that it was better to reveal some bad news than hide it and wait until later in the year.
Read MoreThere should be a lot of shamefaced and apologetic investors, brokers and fund managers for the silly sell-off yesterday morning in a follow on reaction to the US market slump on Monday night.
Read MoreThe Fed came and met and may have worked enough magic, with what little it has left in its armory, to steady nervy markets.
Read MoreAdelaide based Argo Investments lifted earnings by 11.8% for the year to June 2011 and says it is ready to take advantage of buying opportunities as they come along.
Read MoreThe market reaction to the 2011 profit statement from leading electronics retailer JB Hi-Fi told us much about the current statement of investors thinking.
Read MoreRed ink everywhere as market lump deepened overnight.
Read MoreSo the biggest questions about the impact of the S&P downgrade of America’s credit rating are: the impact on the share market here and offshore today and tonight, and how many dominoes will fall as the rating cut impacts on the emerging crisis of confidence.
Read MorePerhaps all those doomers and gloomers in Australia moaning about how tough times are here, will lift their blinkers and have a quick look at Australia’s AAA credit rating and compare that to the US after Standard & Poor’s cut on Saturday, our time.
Read MoreSo all eyes will be on the markets here and especially in the US tonight after the dramatic and controversial downgrade of America’s credit rating on Saturday, our time.
Read MoreMore pain for various economies means more pain for stockmarket investors, according to the chief economist and strategist at AMP Capital Investors, Dr Shane Oliver.
Read MoreThe market had been looking for an interim profit of just over $US8 billion for the six months to June from Rio Tinto.
Read MoreAustralian remains better placed than the US to respond to a new global slowdown.
Read MoreDon’t believe anyone who wrote or tells you the solid trade surplus for June might cause the Reserve Bank to lift interest rates.
Read MoreInvestors worldwide sold shares amid yesterday and overnight amid growing concerns that global economic growth has stalled as well as a surge in new tensions in the eurozone.
Read MoreRetail sales fell unexpectedly in June as consumers continued to watch every dollar amid jittery global economic conditions and worries about higher interest rates.
Read MoreIn any slump or a boom there are always one or two companies that go against the grain.
Read MoreBuilding approvals slumped in June, the June quarter and the year to June while house prices for the year to June and the June quarter were also lower.
Read MoreInterest rates are now on hold for at least another quarter, pushing the most logical date for a Reserve Bank decision back to the Melbourne Cup meeting on the first Tuesday in November.
Read MoreThe $4.7 billion move on Macarthur Coal from US group Peabody Energy and the world’s biggest steelmaker ArcelorMittal is headed for a bitter, hostile battle for control of the Queensland-based miner.
Read MoreSo which was the more important of yesterday’s announcements?
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