Transfield-Transurban
And Transfield Services and its 47.5% owned associate, Transfield Infrastructure Fund, also revealed a big move on budget day with the news of a capital raising and asset sale designed to raise $300 million.
Read MoreAnd Transfield Services and its 47.5% owned associate, Transfield Infrastructure Fund, also revealed a big move on budget day with the news of a capital raising and asset sale designed to raise $300 million.
Read MoreUnprecedented is often used for huge deals or surprise switches in policy.
Read MoreTonight’s 2010-11 Federal budget will be framed against a national economy showing signs of tiredness in some areas, solid growth though in Asia, but a worrying questioning of sovereign debt coming out of Europe.
Read MoreUS coal giant Peabody Energy has used the proposed resource rent tax to chisel $1 a share from its offer for Macarthur Coal
Read MoreTransurban Group has bought Sydney’s Lane Cove Tunnel for $630.5 million and revealed plans to raise more than half a billion dollars from shareholders to pay for it and planned upgrades of two other Sydney roads.
Read MoreShares in chemicals and explosives maker Incitec Pivot rose yesterday after the company revealed lower earnings before one-off items and indicated it will see higher profits in the second (current) half of the year.
Read MoreEurope is poised to mount the largest ever defence of a currency in the next few hours.
Read MoreOur budget, some sort of rescue plan for Europe and those volatile markets will all dominate business here and offshore this week.
Read MoreOil and the US dollar had a more traditional relationship last week than gold.
Read MoreOil down as the US dollar jumped, gold up as fear rose.
Read MoreThere’s an awful lot riding on the markets accepting the workability and credibility of the proposed European support mechanism.
Read MoreNew Zealand has moved closer to getting an interest rate rise after its strongest jump in employment for 24 years, a point seemingly acknowledged by Reserve Bank Governor, Alan Bollard, in a speech yesterday.
Read MoreA mixed collection of trading updates issued yesterday through the ASX.
Read MoreThe Australian economy is in an odd place at the moment.
Read MoreThe National Australia Bank has joined its rivals in the ANZ and Westpac in producing interim earnings that failed to ignite much interest.
Read MoreWhat an election to lose.
Read MoreWelcome to reality, once again.
Read MoreYesterday’s fear-driven sell-off locally followed overseas leads, so it was natural that banks and other groups exposed to risk should be sold off as well.
Read MoreNews Corp’s third quarter results were boosted by Avatar and another strong showing by the group’s cable business, but investors were not all that impressed.
Read MoreAustralian car sales jumped sharply in April as buyers ignored the impact of five interest rate rises that had made many of them more hesitant when going to shopping malls.
Read MoreThe latest building approvals from the Australian Bureau of Statistics show a seasonally adjusted rise of 15.3% for total dwelling units approved in April, after falls in the previous two months.
Read MoreWe had better get used to the idea that more interest rates are on the way.
Read MoreAustralian retailing seems to have ground to a halt.
Read MoreDespite those slowing sales from its Australian retailing powerhouse, shopping centre giant, Westfield Group is looking to start building again.
Read MoreShares in air-conditioning engineer and contractor, Hastie Group, withstood a nasty 7.6% fall in early trading yesterday after the company revealed a profit downgrade, and the purchase of another company.
Read MoreLess than a day later the kneejerk reaction by some investors in selling their mining shares was exposed as short-sighted by the $9.5 billion reworked agreed merger between Newcrest and Lihir Gold.
Read MoreSuddenly an interest rate rise is very much on the cards today and probably next month and several more later in the year.
Read MoreSlowly, a surprise fall in retailing activity seems to be taking shape.
Read MoreSo what was the big story yesterday?
Read MoreYum went the market yesterday after Orica returned to the task of floating off its consumer paint and garden products business, while reporting a reasonably solid interim result for the 2010 financial year.
Read MoreJust as Orica is seeing some upturn in demand for its services from the mining industry, so too is drilling services group, Boart Longyear seeing improved interest from the drilling sector.
Read MoreBoth measures will boost the small exploration sector.
Read MoreThe sharemarket, investors and self-managed super funds and small business look the big winners, from the tax changes announced yesterday.
Read MoreJudging by the futures market, it will be a rough opening on the ASX today after Wall Street’s somewhat surprising across-the-board dip on Friday night.
Read MoreWoolworths has blamed the absence of federal government stimulus spending for the fall in sales growth and the actual falls in its Big W and consumer electronics businesses in the March quarter.
Read MoreQuite a week ahead: interest rates and house prices in Australia, fallout from the Henry Tax Review, jobs figures in the US, the Goldman Sachs saga, the Greek collapse or rescue tale, the BP Gulf of Mexico oil disaster, an election in the UK and quite a bit else
Read MoreThe market wasn’t all that convinced by ANZ’s interim profit, not that it looked light on, just that there was less growth than expected, especially from Asia where the bank is expanding, and Australia.
Read MoreThe rebound in the economy and the burst of job creation in recent months seems to have bypassed the one listed company that was designed to ride it.
Read MoreAustralian Pharmaceutical Industries (API) stands at the top of the Australian healthcare sector simply by meeting guidance.
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