Market At Midday On Friday
7 days of gains – impressive in ex-dividend environment. Miners -0.36%.
Read More7 days of gains – impressive in ex-dividend environment. Miners -0.36%.
Read MoreYesterday’s full year results from Treasury Wine Estates (TWE) were interesting in that they showed the company’s financial position as at June 30 last, but as the basis for wondering about what lies ahead, they were useless because of one and possibly two buyout offers priced at the moment at $5.20 a share.
Read MoreShares in automotive, sports and leisure retailer. the Super Retail Group (SUL), enjoyed a solid bounce yesterday after the company forecast modest growth in the current half after a rough end to 2013-14.
Read MoreWe saw very differing approaches to capital raisings this week from two of the country’s biggest energy utilities (both based in Sydney) – Origin (ORG) and AGL (AGK).
Read MoreThe S&P/ASX200 added 6.7 points or +0.12% by the close on Friday. Volume was $3.6 billion, with the XJO closing at 5645.6.
Read MoreThe local share market spent the final session of the week consolidating on the improvements of the last 5 days. Friday’s gain meant that the ASX 200 has risen by just under 1.5% this week. The status quo amongst the sectors largely remained the same over the course of the second half of the day. Miners remained under pressure reflecting the weaker Chinese PMI data seen on Thursday.
Read MoreOh dear, the greedy investor was there for all to see in the sell-off in BHP Billiton (BHP) shares yesterday.
Read MoreThe Reject Shop (TRS) is heading up market and away from its ‘cheap as chips’ roots as it tries to halt a slide in earnings and the impact of growing increased competition.
Read MoreWesfarmers (WES) is handing out cash by the truck load to shareholders to celebrate not only its 100th year in business, but also another solid full year result.
Read MoreAs expected it was a miserable first half for Coca Cola Amatil (CCL) – an earlier trading update in April and earnings downgrade told us that – but yesterday we heard that there’s more of the same to come.
Read MoreFortescue Metals (FMG), the country’s third placed iron ore miner and exporter has reported record earnings of $US2.74 billion profit for the year to June 30, and doubled dividend payout to shareholders.
Read MoreThe Australian sharemarket fell away from its earlier highs, after Chinese manufacturing figures fell to three – month lows. Both the All Ordinaries index and the ASX 200 gained close to 0.1 per cent.
Read MoreThe S&P/ASX200 added 4.3 points or +0.08% on Thursday. Volume was $5.3 billion with the XJO closing at 5638.9.
Read MoreBiggest gains on the ASX200 today: IRE up 6.9%, SUL up 6.4%, TPI up 4.8%, REA up 4%, AMP up 3.4.
Read MoreBiggest declines on the ASX200 today: TPI dn 7.5%, SUN dn 4.2%, BHP dn 4.1%, CCL dn 3.3%, MML dn 3.2%
Read MoreInvestors in London have given the BHP Billiton (BHP) spin off the thumbs down, selling down the company’s shares by close to 5%.
Read MoreBHP Billiton (BHP) has confirmed that it will spin-off its aluminium, coal, manganese, nickel and silver assets into a new company.
Read MoreShares in engineer contractor, the Perth-based Monadelphous Group (MND), jumped by nearly 7% at one stage in trading yesterday after it revealed a market forecast-beating net profit for the full year ending in June.
Read MoreLogistics group, Toll (TOL) has forecast improved trading in the 2015 year after lifting dividend off the back of a sharp improvement in profit for the year to June 30.
Read MoreAs forecast by the company, Insurance Australia Group (IAG) has ridden the lack of any major weather-related claims to report a 59% rise in profits to $1.23 billion for the year to June.
Read MoreOnce again iron ore exports have come to the rescue of the country’s second steelmaker, Arrium Ltd (ARI).
Read MoreSonic Healthcare (SHL), the local and international diagnostics group, reported a near 15% rise in full year net profit after tax to $385 million, thanks to strong growth in its Australian and European pathology operations.
Read MoreBy the end of the day, the ASX 200 finished 0.19% up 10.8 points at 5637.6. US consumer prices rose only 0.1% in July, just below expectations.
Read MoreThe local bourse added 10.8 points or +0.19% on Wednesday. Volume was $4.5 billion and the ASX 200 closed at 5634.6.
Read MoreA custodian who invests funds on behalf of others, or for their benefit, is in an extraordinarily trusted position. They are expected to invest wisely and are accountable to a wide group for their actions.
Read MoreThe All Ords closed +0.68% or +37.8pts. Almost all sectors up.
Read MoreBy the end of the session on Tuesday S&P/ASX200 gained 36.7 points or +0.65% on volume of $3.3 billion, closing at 5623.8.
Read MoreCarnarvon Petroleum (CVN) and its partners, led by Apache Petroleum, the big US independent, are to drill a second hole to test an oil discovery in the Phoenix South 1 well offshore the Pilbara coast in WA which could be the largest oil strike in Australia for 30 years.
Read MoreAs expected, Oz Minerals (OZL) says it will need a partner or partners to develop its Carrapateena copper and gold prospect in South Australia.
Read MoreOn the face of yesterday’s 2013-14 profit figures, Ansell (ANN) is another company paying the price for a takeover which has cost the company a big writedown as it goes about revamping the entire business.
Read MoreLike Ansell (ANN), Newcrest Mining (NCM) has managed to keep the market happy despite a timely warning of another big writedown which was confirmed yesterday in the 2013-14 profit announcement. It was the second year of big losses and write-offs in a row.
Read MoreThe annual results of Stockland (SGP), the property developer, seem to have come in without some of the losses and lower profits reported by other companies reporting yesterday in Newcrest (NCM), Ansell (ANN) and Aurizon (AZJ).
Read MoreStocks at lunch; AMC+4%, IVC+3%, TOL+6% post results.
Read MoreNote: This article was originally published on Oliver’s Insights on 18 August 2014 and has been republished with permission from the original author.
Read MoreBiggest gains on the ASX200 today: CAB up 4%, OZL up 3.3%, LYC up 3.2%, JHX up 2.9%, AAD up 2.9%
Read MoreDespite weaker revenues, the National Australia Bank (NAB) today joined peer banks ANZ and Commonwealth (CBA) in reporting broadly satisfactory figures with a 7% rise in unaudited cash earnings for the three months to June 30 to $1.7 billion.
Read MoreAnother week where markets worried about events in Ukraine, Iraq and sliding economic growth in Europe and fell, but steadied and managed to end mostly higher in late trading in New York on Saturday morning, our time.
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