RIO Misses Mark
Not the most positive start to the 2007 earnings season with mining giant Rio Tinto revealing a disappointing 14.3% drop in first half net profit, thanks to higher cost pressures and lower returns from copper and coal.
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All ShareCafe Content
Subprime Blues Rule OK
This was the week when the sub-prime mess became a contagion and the 'virus' as the Financial Times described it, went global.
Read MoreProfits: WAN, AUN, CXP, PBL Split Late
Perth-based newspaper monopoly, West Australian Newspapers Holdings, yesterday reported a near 20% rise in 'normalised net profit' (before noteworthy items) to $128.4 million for the 2007 financial year, ending June 30.
Read MoreCommodities Down
The strong Australian dollar continues to have an impact on returns from the resources boom.
Read MoreMarkets Sell-Off
For the second time in a week, Australian investors have taken fright and joined others around the world in selling the market in the face of an outbreak of problems in the US credit markets.
Read MoreTrade Figures Worsen In June
The trade figures for June were a bit grim, but the performance on the trade account over the year to June 30 showed a continuation of the improvement we have seen for the past four years or so.
Read MoreAlumina’s Mixed Message
A week ago Alumina Ltd was warning about a downgrade in full-year earnings. Yesterday, it appeared to go against that lower guidance when it reported a 9% rise in first half net profit to $284 million.
Read MoreMilton’s Boom Year
Milton Corp is another of the listed investment companies to report a very strong performance in the year to June 30.
Read MoreFlight Centre’s Latest Deal Crashes
Shareholders in Flight Centre, Australia's biggest travel agent, must be wondering if the phrase 'private equity buyout' is some sort of curse.
Read MoreCredit Rise Sets Up Rate Rise
The odds have firmed for an interest rate rise next week for the first time this year and there's an increasing chance that there could be another rise by the end of the year.
Read MoreHunter-Newcastle Delays Cost CNA
The planning delays and government shuffling over expanding the coal handling infrastructure in the Hunter Valley and at the port of Newcastle, has had a big impact on the earnings of Coal & Allied Ltd, in the June half.
Read MoreLEI Stalks MAH
Back in March, in a little-noticed interview on margin enhancement and growth, the retiring CFO and deputy CEO of Leighton Holdings, Dieter Adamsas, had this to say about expansion and growth, especially of new contracts:
Read MoreDollars Down Again
The slide in the Aussie and New Zealand dollars slowed yesterday as the local stockmarket stood against the trend from New York and finished higher, and Asian markets bounced back in the afternoon.
Read MoreSubprime Problems Continue
The problems rolling across the US housing industry and associated financial markets show no sign of ending their snaring of new victims.
Read MoreSome Property Does Well For ALZ
Real estate developer, Australand Property Group, has reported a 34 per cent lift in first half profit, following strong performances in its commercial and industrial and investment property arms.
Read MoreZFX Down Despite Profit Boost
Even though zinc miner and processor, Zinifex, is looking at another record profit in the year to June, the shares are under a bit of pressure.
Read MoreUranium Down
Now here's something that hasn't really filtered through to the market: world uranium prices have fallen for the first time in more than four years.
Read MoreAussie Dollar Down
Crunch went the Aussie dollar as it shed over 3USc in trading late last week, especially Friday night when the losses more than doubled.
Read MoreBears Rampant?
Like it or not, when the bear growls, the bulls will hibernate.
Read MoreRate Pressures Rise
The market is expecting the Reserve Bank board to lift interest rates at its August meeting because there is now a belief that prices will continue rising into 2008.
Read MoreMarkets Shudder
The sell-off continues in world markets. Shares, commodities, corporate bonds (except for Government bonds) are all down, with the huge US Treasury market rallying as investors continued to seek a safe haven.
Read MoreAnd Lihir – ERA’s Surprise Profit
Lihir Gold, now basically hedgeless and riding the ups and downs of the world gold price, says it's on its way to setting a yearly production record of more than 800,000 ounces of gold produced after a very solid first half and second quarter.
Read MoreAussie Dollar Bites Santos
The rising value of the Australian dollar has bitten into the sales revenues (and presumably earnings) of Santos Ltd, the country's third biggest oil and gas group.
Read MoreCPI Up, Now For Rates?
Don't be surprised if the Australian dollar hits 90 USc in the next two weeks as market bulls and bears battle it out over whether an interest rate rise will happen at the Reserve Bank board meeting in 12 days time.
Read MoreAussie Bites Alumina
The surging Australian dollar (or is it the plunging US dollar) has bitten another mining company.
Read MoreAFI Rides Market Boom
As expected, Australian Foundation Investment Company produced a strong result in the year to June with after tax net operating profit rising by almost 25 per cent to $224.4 million from 2006's $179.6 million.
Read MoreUS Markets Rocked
Once again, the US bond market is signalling the real direction for the US economy and US investors.
Read MoreBHP’s Looks At Big Profit Jump
BHP Billiton is on track to produce its biggest ever annual profit after reporting its strongest ever quarterly and annual production report.
Read MoreNewcrest’s Golden Cheer
The market liked the news from Newcrest (NCM) yesterday of record gold production in the fourth quarter and the year to June.
Read MoreBHP: The Powerhouse
No matter how you look at the production figures released by BHP Billiton yesterday, they paint a picture of a company going full steam ahead, and looking to do better.
Read MoreAlesco’s Big Switch
Building products and services group, Alesco Corporation, is set make its biggest diversification yet, with the $250 million purchase of Total Eden McCracken's water management business from the AMP and a group of investors and management.
Read MoreChina Helps Barclays Chase ABN
China is flexing its financial muscles in western deals.
Read MoreProducer Prices Rise
Well, there's real chance that tomorrow's June quarter Consumer Price Index might produce an unwelcome surprise, just as the March quarter surprised on the downside.
Read MoreChina To Cut Copper Imports?
Could this be the crack in the current boom in metal prices, or could it spur prices to higher levels?
Read MoreAmcil: Another Good Investment Result
Like its stablemates, Mirrabooka and Djerriwarrah Investments, Amcil has had a great year in the 2007 financial year to June 30.
Read MoreSo Where Now To For Markets?
Another week and another strong performance for the Australian dollar and Australian stocks, with world metal prices up on Friday.
Read MoreCommodities Up
Copper rose to a two-month high in New York on renewed speculation that demand will climb in China, the world's largest consumer of the metal.
Read MoreDeals: Property, SYB
Forget the big boy private equity deals and refocus on the good, old fashioned value hunting and opportunism now showing up in the property sector.
Read MoreMore Building Gloom
In news that won't be greeted warmly in the boardrooms of home building companies, non-residential constructors or among home renters, a leading forecaster says there will be a further decline in activity over the year.
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