OneSteel Investors Wary Of Guidance
The market didn't take too kindly to less than gripping forecasts and commentary from chairman Peter Smedley and CEO, Geoff Plummer at the AGM of steel group, OneSteel yesterday.
Read MoreThe market didn't take too kindly to less than gripping forecasts and commentary from chairman Peter Smedley and CEO, Geoff Plummer at the AGM of steel group, OneSteel yesterday.
Read MoreGraeme Hart got out of Goodman Fielder nicely.
Read MoreFranchise owner and operator, Allied Brands Limited (ABQ) rose 12% to 50.5 cents after it said its newly acquired Cookie Man brand is to be launched in at least three new countries.
Read MoreIn the midst of the BHP and Rio Tinto takeover struggle, the world's largest miner announced today that Andrew Mackenzie from Rio Tinto has been appointed as group executive and CEO of the non-ferrous unit, replacing Marius Kloppers who became CEO of BHP last month.
Read MoreShares in troubled winemaker McGuigan Simeon (MGW) jumped as much as 14.6% to $1.37 after it said on Tuesday it is trading positively despite difficult conditions and expects to see a small profit in the current financial year.
Read MoreRenowned contrarian investor Marc Faber recently published his Gloom, Boom and Doom report for November. Mr Faber raised the question, "is the Chinese stock market in a bubble?" The short answer is yes, but it could go on for much longer.
Read MoreBHP Billiton CEO, Marius Kloppers is continuing to push hard for the merger idea for rival Rio Tinto, even hinting at a possible hostile offer to be made direct to Rio shareholders.
Read MoreThis week will see the likelihood of another US interest rate before the end of the year decided.
Read MoreMajor US market indexes staged a late rally to finish higher Friday, capping a rather volatile week.
Read MoreMore signs of the return of the credit crunch as commodity prices, currencies and stockmarkets had less than confident finishes to a nervous week.
Read MoreRenowned contrarian investor Marc Faber recently published his Gloom, Boom and Doom report for November. Mr Faber raised the question, "is the Chinese stock market in a bubble?" The short answer is yes, but it could go on for much longer.
Read MoreMidwest Corporation (MIS) announced today that its directors had unanimously recommended shareholders reject Murchison Metals' $1 billion plus scrip takeover bid, saying it significantly undervalued Midwest's potential as a stand-alone iron ore producer.
Read MoreThe takeover saga of Lighting Corporation, a lighting systems distributor, continued today as it told its shareholders to reject another hostile bid from Gerard Lighting Acquisition's, which was upped last Friday.
Read MoreShares in oil and gas company Woodside Petroleum (WPL) rose as much as 4% to $48.80 on Friday after the company said it signed an LNG agreement with Taiwan's CPC Corporation.
Read MoreThere are now daily reports of US and other financial groups reporting billions of dollars in losses from dodgy US subprime mortgages and associated credit derivatives.
Read MoreA new CEO for zinc miner, Zinifex in old an Aussie mining hand named Andrew Michelmore who ran WMC Resources in its dying days, and then a big Russian miner for a couple of years.
Read MoreBHP Billiton and Rio Tinto's Pilbara antagonist, Fortescue Metals Group continues to get bigger and more irritating.
Read MoreFor the second time in a month Woodside Petroleum has downgraded its outlook: this time for the 2008 year.
Read MoreWestpac Banking Corporation has fulfilled its commitment to fund up to half a billion dollars for RAMS home loans, with the funding agreement coming into effect today.
Read MoreThis morning Fortescue Metals Group (FMG) requested a trading halt of its shares pending an announcement.
Read MoreEarlier this week, Fat Prophets Funds Management provided an update on its listed investment vehicle, The Fat Fund.
Read MoreApollo Minerals Limited (AON), an Australian resources company, rose by as much as 29% today after it announced that it had acquired an 80% stake in a new iron ore project in the Pilbara region of Western Australia.
Read MoreShares in mineral and gold explorer, Perseus Mining (PRU) fell 3.78% to $1.40 despite news of high grade results at its Shambesai Prospect in Kyrgyz Republic.
Read MoreQantas has joined the great international airline rush to snap up new passenger jets between now and 2017.
Read MoreIs the Chinese economy overheating, cranking up and moving to a level that is unsustainable?
Read MoreAustralia's biggest steel maker, BlueScope Steel is planning a major statement at the end of the month to update the market about its outlook.
Read MoreDespite the drought and the higher Aussie dollar, fertilizer group, Incitec Pivot is expecting strong global demand for its products and high world prices, to help earnings grow from the 2007 record figures produced yesterday.
Read MoreAustralia's second-largest oil and gas producer Woodside Petroleum (WPL) fell as much as 7.65% percent today after it cut its 2008 production forecast by as much as 20 percent.
Read MoreHome appliances business Fisher & Paykel on Thursday said it plans to review future options for its finance business, following an internal review which affirmed continued focus on the appliances side of the firm.
Read MoreFortescue Metals Group rose by as much as 26% today after the iron producer said it made a massive new iron ore discovery in the Pilbara region in Western Australia.
Read MoreShares in Goldsearch (GSE) rose today after the company announced that it had acquired a new tenement in a highly prospective minerals region in Victoria.
Read MoreShares in marketing services company, Commquest (CQU) soared up to $1.28 on its debut on Thursday, after a successful float which raised more than $30 million at $1.00 per share.
Read MoreJapan's economy rebounds; China's inflation rate rebounds: the day before it was wholesale or producer prices rising in both countries, plus record trade or current account surpluses.
Read MoreA positive thumbs down for the second half outlook from Macquarie Bank, despite it reporting record interim earnings with a 45% rise in profit to top the billion dollar mark for the first time.
Read MoreZinifex seems to have undergone a major re-rating as the sagging world zinc price and the stronger Australian dollar trashes its share price.
Read MoreShareholders in the country's biggest general insurer, Insurance Australia Group, who might have been looking for more positive news from the lumbering giant at yesterday's AGM would have been disappointed.
Read MoreToday the Ukranian-backed Palmary Enterprises raised its bid for mining company Consolidated Minerals (CSM) by 20 cents to $4.70 per share, exceeding a rival offer from Pallinghurst Resources Australia.
Read MoreFertiliser firm, Incitec Pivot (IPL) posted an impressive full-year result on Wednesday – propelling its shares to an all-time high of $94.76, but the company remained tight-lipped about its stake in Dyno and speculation about further acquisition opportunities.
Read MoreToday global investment house Babcock & Brown (BNB) offered to buy the remaining 70% of Babcock & Brown Environmental Investments (BEI) for $18 million, offering one BNB subordinated note for every 200 shares in BEI, valuing the company at around $68 million.
Read MoreThe recent spate of positive annual general meeting results continued today, with steel manufacturer BlueScope delivering results in line with expectations for the first four months of financial year 2008.
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