Market Gives Leighton A Knock
So what happened at Leighton Holdings yesterday? A great result, beating guidance and the market gives it the thumbs down.
Read MoreSo what happened at Leighton Holdings yesterday? A great result, beating guidance and the market gives it the thumbs down.
Read MoreFor all the fear and loathing there was yesterday in the wake of the announcement by newly-listed mortgage group, Rams, that its earnings would be materially impacted by the subprime mess in the US, its been obvious for quite a while that there was an impact here.
Read MoreA wild day for shares in rail and infrastructure services company, United Group, with a strong rise, and then a very sharp fall in a day when the overall market finished around 1% higher.
Read MoreInvestors liked a lot of stocks yesterday in the modest rebound from Friday's nervy sell-off.
Read MoreTwo very different reports yesterday from the two economies that matter most to us in Australia.
Read MoreThe Reserve Bank's open-ended warning on interest rates breathed life into the Australian dollar, boosting it past the 85 USc mark as the punters and other speculators climbed back in the saddle after last week's nasty fall.
Read MoreNow another strong month of exports (and rising imports) for China would normally be seen as good news here in Australia…
Read MoreThe share market turmoil very likely has further to go.
Read MoreCommodities prices fell last week as the credit markets turmoil hit energy and base metals, forcing hedge funds and other speculators to liquidate their positions.
Read MoreThe National Australia Bank has warned that there are distinct signs the Australian resources boom is turning down.
Read MoreNot happy Terry, that's what the market seemed to be saying to Coca Cola Amatil and its ebullient CEO, Terry Davis. Investors took set against Coca-Cola Amatil yesterday despite a 23% rise in interim earnings.
Read MoreAll but married would have to be the bottom line after the market reaction to the news that Wesfarmers would pay fully franked dividends of more than $2 a share ($1.50 in 2006) for at least two years, and would be giving Coles Group shareholders flexibility to mix and match the proposed offer.
Read MoreNo matter how hard it is spun, a bad ball is a bad ball in cricket and it is usually punished.
Read MoreWill the Bank of Queensland try to muscle into the agreed merger between Bendigo Bank and Adelaide Bank which will create a super regional financial institution?
Read MoreThe Toll Holdings spin-off, Asciano Ltd, has been sprung with a small holding in rival transport services group, Brambles.
Read MoreAnother reason perhaps for the RBA wiping its brow and saying 'whew we got the rise in just in time', can be found in the confirmed fourth quarter sales figures from leading department store retailer, David Jones.
Read MoreInvestors took a set against Fletcher Building Ltd yesterday in the wake of the New Zealand building products and services giant's 2007 results release and comments on the outlook.
Read MoreResMed Inc is an Australian/US company which is the world's second-biggest maker of products to treat sleep disorders.
Read MoreIt was a notable year for the Adelaide-based mixed industrial stock, Hills Industries.
Read MoreYet another interest rise has been bestowed upon us by the RBA.
Read MoreForget the reasonable profit result – all media and analysts wanted to know from Primary Healthcare and its major shareholder and CEO, Dr Ed Bateman – was ‘what about Symbion?' And all the company had to say was summed up in a slide in its presentation.
Read MoreIt wasn't the strongest of reactions to a solid profit that we saw yesterday for the annual results for mining services and engineering group, Bradken.
Read MoreThere is a war going on at the moment, and it's one you may or may not be aware of. We don't mean the war on Iraq. It isn't the Labor war against John Howard, or John Howard's attacks on Kevin Rudd. Why, we aren't even referring to the new war against smoking…
Read MoreAdelaide-based listed investment company, Argo Investments, has reported an 18.9% rise in 2007's net earnings to $171.537 million.
Read MoreMajor steelmaker, BlueScope Steel, has revealed a new CEO to replace the retiring boss, Kirby Adams, who has guided the company since it was set free from BHP back in 2002.
Read MoreAn independent expert says a $2.86 billion offer for Symbion Health by Healthscope is in the best interests of Symbion shareholders.
Read MoreNo help from commodities today to steady our market like there was a week ago.
Read MoreOnce again the American Treasury Bond market is telling us the real story about the state of the US economy and the fallout from the sub-prime mess.
Read MoreAccording to evidence on Friday from US and Europe, the subprime mortgage crisis could impact on investor confidence for some time to come.
Read MoreThe Australian June half profit reporting season starts in earnest this week with companies such as AXA, Resmed, Stockland, Coca-Cola Amatil, News Corp, Bradken and Telstra due to report.
Read MoreNot 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.
Read MoreThis was the week when the sub-prime mess became a contagion and the 'virus' as the Financial Times described it, went global.
Read MorePerth-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 MoreThe strong Australian dollar continues to have an impact on returns from the resources boom.
Read MoreFor 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 MoreThe 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 MoreA 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 Corp is another of the listed investment companies to report a very strong performance in the year to June 30.
Read MoreShareholders in Flight Centre, Australia's biggest travel agent, must be wondering if the phrase 'private equity buyout' is some sort of curse.
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