Pac Brands’ Future Uncertain After CEO Goes
Why is the board and management of struggling apparel and bedwares group Pacific Brands (PBG) struggling over the company’s future direction?
Read MoreWhy is the board and management of struggling apparel and bedwares group Pacific Brands (PBG) struggling over the company’s future direction?
Read MoreBy the close on Tuesday the benchmark S&P/ASX200 index was eight points, or 0.145 per cent, lower at 5,510.9.
Read MoreSteven Daghlian provides an afternoon financial market update. The ASX 200 has had a quieter week in comparison to its last.
Read MoreThe local stock market has seen a positive start to the week with the ASX 200 up by around 10 points but a lack of news has prevented further growth. Wotif shares have risen 24% to $3.31 amidst a takeover bid by Expedia.
Read MoreAustralia’s labour force data for June dominates the local trading week, while the start of June’s monthly flow of data will dominate offshore activity, especially in Asia.
Read MoreWith the US closed on Friday night, trading volumes across the rest of the world were understandably lighter than normal, but that didn’t stop the European and Asian markets from enjoying a very solid week (like Wall Street did overnight Thursday, our time).
Read MoreManufacturing, retailing and finance companies will be up first this week as the important US second quarter profit reporting season kicks off.
Read MoreBy the bell on Monday the benchmark ASX200 index had fallen 6.1 points, or 0.11 per cent, lower at 5,518.9.
Read MoreJuliette Saly provides an afternoon financial market update.
Read MoreThe American economy continues to boost new job numbers with June recording a massive 288,000 new positions created, news which pushed the Dow above 17,000 points for the first time and a record close, and also helped the S&P 500 to yet another record as well.
Read MoreNo matter what yesterday’s data drop on the economy told us about its current strength (retail sales and building approvals, two of the major stats, plus car sales), the big message was delivered by Reserve Bank Governor, Glenn Stevens in a speech in faraway Hobart (to econometricians) half an hour earlier at 11am.
Read MoreCommonwealth Bank (CBA) shares yesterday shrugged off the bank’s first major comment on the financial planners scandal since a Federal parliamentary Committee called for a Royal Commission into the issue.
Read MoreReserve Bank Governor Glenn Stevens took aim at a number of issues in a speech to econometricians (economists whose lives are dominated by models and maths) in Hobart yesterday and in doing so revealed some of the central bank’s core policy thinking that normally doesn’t see the light of day.
Read MoreThe local sharemarket has just had its best week in four and a half months, with the All Ordinaries index (XAO) rising by approximately 1.5 per cent over the past five days. Better than expected employment growth in the U.S. gave local investors an additional push forward today.
Read MoreAt the close on Friday, the benchmark S&P/ASX200 index was 33.8 points, or 0.62 per cent, higher at 5,525.0, while the broader All Ordinaries index was up 32.3 points, or 0.59 per cent, at 5,511.8.
Read MoreStrike Energy in an emerging petroleum play with a rapidly growing presence in the unconventional energy sector in South Australia’s Cooper Basin, where an important flow-testing and fraccing program is currently underway.
Read MoreThe US Federal Reserve won’t try and head off rises in asset prices (which some might argue are bubbles) by using monetary policy (which means interest rate rises) is a development that every investor should be aware of.
Read MoreTom Piotrowski provides a mid-session financial market update. Local stocks are higher for the 3rd day.
Read MoreJuliette Saly provides a Mid-session financial market update.
Read MoreFood group Goodman Fielder (GFF) has folded and will cop a small cut in the value of a takeover offer from Asian suitors.
Read MoreConfession is supposed to be good for the soul and looking at the way Wesfarmers’ (WES) share price rose yesterday after the company sprung a near $700 million write-down in value of it’s faltering Target department store chain, you’d have to say that confession is also good for the share price.
Read MoreAs expected, Australia’s trade account worsened in May. But what was not expected was the extent of that worsening.
Read MoreThe Australian sharemarket continued to improve this afternoon, with local shares rising by close to 0.75 per cent. The All Ordinaries Index (XAO) jumped by 0.7 per cent with all sectors finishing higher.
Read MoreS&P/ASX200 gained 35.8 points or +0.65% on volume of $3.4 billion, closing at 5491.2.
Read MoreThe Australian interest rate securities market is seeing increasing issuance of Residential Mortgage-Backed Securities (RMBS) from lenders. Because of the attractive ways many of these issues are priced, they are proving to be increasingly popular with investors.
Read MoreThe $2.6 billion bid for property group, Australand (ALZ) from the Thai-controlled Singapore developer, Frasers Centrepoint, is closer to being a done deal after the target board endorsed the offer in a statement released on Tuesday night.
Read MoreThe global share registry and financial services group Computershare (CPU) slipped a $40 million write-off out yesterday, and the shares took it in their stride, finishing 0.3% higher.
Read MoreTraders shrugged off the concern expressed yesterday by Reserve Bank Governor about the refusal of the Aussie dollar to fall by pushing the currency to yet another eight month high of 95.05 US cents in US trading early today.
Read MoreGood news yesterday for Australia from our top two commodity export markets with signs the Chinese economy has resumed growing, and continuing confidence in Japan among business about the current expansion.
Read MoreReporting season approaches for the country’s listed media companies, so what message did the performance of their share prices tell us in the year to June 30? APN, Fairfax Media and News Corp stood out with strong gains – for differing reasons, none of which will do anything to ease the feelings of doom and gloom about their future. The laggard among the listed media companies was Southern Cross because of personnel changes at its key Sydney radio station and its affiliation with the weak Ten Network.
Read MoreThe Australian sharemarket had its best day in two weeks, with the All Ordinaries Index rising by 1.4%. The gains were the most significant in a fortnight with all sectors finishing higher.
Read MoreS&P/ASX200 gained 79.5 points or +1.46% on volume of $3.8 billion, closing at 5455.4.
Read MoreFor the first time in 12 months the May month saw house prices decline by just under 2%. However the decrease is seasonal and in line with previous trends for the same periods in recent years, other contributing factors have added to this including overall consumer confidence and recent lower auction clearance rates.
Read MoreCommSec’s Tom Piotrowski provides a mid-session financial market update
Read MoreUnlike Australia, Wall Street finished June and the second quarter with something of a wet sail.
Read MoreAmid all the talk of double digital returns in the year to June 30 in Australia, the market analysts this morning have been reticent on how bad the performance has been in the first six months of 2014.
Read MoreSo will the Goodman Fielder (GFF) board fold and accept a lower price from its Asian suitors, or will the board stand firm and demand they honour the 70c a share offer?
Read MoreLending in May hit its strongest growth rate in more than five years, thanks mostly to housing, and especially investment housing loans.
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