TPG Moves To Build Its Fibre Telco Business
TPG Telecom (TPM) continues to expand, yesterday announcing that it had bought AAPT, a subsidiary of Telecom NZ (TEL), for $A450 million.
Read MoreTPG Telecom (TPM) continues to expand, yesterday announcing that it had bought AAPT, a subsidiary of Telecom NZ (TEL), for $A450 million.
Read MoreGood news from the Chinese trade figures for November with not only a solid rise in imports, a huge trade surplus and jump in exports, but a new record for iron ore imports.
Read MoreA quieter week ahead for some, but for Australia, the usual monthly test of the most recent jobs data and China’s latest economic data.
Read MoreGold and oil went differing ways last week, while wheat prices slumped to a near three month low in something of a surprise. Copper though, rose.
Read MoreOn the face of it, the market should start solidly today after the 25 point gain in the futures market on Saturday morning, our time.
Read MoreBlame Qantas, fears about US tapering, nervy investors, over anxious hedge funds – anything – but the $20 billion plus sell-off in the local market yesterday was a worry.
Read MoreTime for Nine Entertainment (NEC) to hit the boards today in its float after the stellar surge by credit reporting group Veda (VED) yesterday and a small gain for retailer Dick Smith (DSH) after Wednesday’s weak start to life as a listed company.
Read MoreQantas (QAN) has gone the whole hog of job cuts, massive loss forecast, sale options, pay freezes (and a cut for CEO Alan Joyce).
Read MoreEconomic growth in the third quarter wasn’t quite as solid as I thought it would be after the run of encouraging data in the past week, and the 0.6% quarter on quarter rise and 2.3% rise in the year to September continues the meandering sub trend performance of the past year.
Read MoreMore change in the Westfield Group (WDC) empire of the Lowy family with the present two-company structure remaining, but with a completely reshuffled make-up.
Read MoreNo wonder the Nine Entertainment float went at the low end of its price range yesterday ahead of tomorrow’s float.
Read MoreYes, the Reserve Bank kept rates on hold, and yes, it’s not certain about the strength of the economy and yes it’s sitting on the sidelines and watching the impact of a series of rate cuts on the domestic economy, which is sort of good news.
Read MoreRio Tinto (RIO) and Vale of Brazil are the world’s second biggest and third biggest miners by market value – but a year or so ago, Vale was second and Rio was third.
Read MoreHas the economy turned upwards after spending most of the past year meandering along at below trend, meaning interest rate cuts are at an end?
Read MoreUnsung vehicle parts supplier Supply Network Limited (SNL) has rewarded shareholders handsomely in recent years, rising from 30 cents five years ago to a record high of $2 earlier this month.
Read MoreWholesaler/retailer Metcash (MTS), number 3 behind Woolies and Coles, faces more change in the New Year after reporting a moderate quality interim result yesterday and a cut to dividend.
Read MoreThere was nothing from the flow of data here or offshore yesterday and last night to force a change of heart from the Reserve Bank’s last board meeting of 2013 which will leave the cash rate steady on 2.5%.
Read MoreAnother loss for GrainCorp (GNC) yesterday, with CEO Alison Watkins leaving to take up the vacant CEO’s role at Coca Cola Amatil (CCL), one of the plum jobs of Australian business.
Read MoreThe RBA goes into 2014 with a close eye on jobs, knowing very well that the economic outlook for Australia remains fragile. This statement was always going to sound cautious so it doesn’t come as a complete surprise – but the focus on the slowdown in the mining space cannot be understated. There is the prospect for one more cut in the first quarter of 2014.
Read MoreNovember ended up a curious month for markets – some rose, some eased, some went sideways – and one or two bombed – led by gold.
Read MoreThe world’s most exclusive club – countries with AAA credit ratings, of which Australia is a member – just got smaller with the news that the Netherlands has had its top notch standing cut by Standard & Poor’s.
Read MoreA big, big week for economies here and around the world, as well as for investors large and small. In fact it’s one of the biggest weeks of the year for the amount of information and number of key decisions to be made.
Read MoreGrainCorp’s (GNC) share price was trashed this morning – down by nearly 30% in pre trading, slashing the company’s value by around $900 million, based on the ADM takeover price of $13.20 a share.
Read MoreSuddenly, life is getting tougher for the Murdoch media empire with challenges emerging in the US and Europe which strike at the heart of his new media strategy of building the size and profitability of his new main company, 21st Century Fox in film, in video content, online and distribution.
Read MoreThe great cheese takeover soap opera continues with yet another bid increased – this time from Murray Goulburn, which was only moaning about the rival offer from Saputo of Canada, to the takeovers police on Wednesday.
Read MoreYesterday’s investment figures from the Australian Bureau of Statistics tells us that the mining services sector is facing further grief, on top of what they have experienced so far in the past year.
Read MoreForge Group (FGE) will join the likes of Elders (ELD) in being in the hands of a bank or banks as it battles to survive. That’s the bottom line after a dramatic day on the market yesterday for its shareholders.
Read MoreAnd another mining services group, Ausenco (AAX), revealed a big downgrade yesterday, with a trading loss of more than $20 million forecast for the year to December, which was a big turnaround from a forecast profit a few months ago.
Read MoreThere was further bad news for the embattled mining services sector last night with the news that Rio Tinto (RIO) has chopped its WA iron ore expansion output plans by nearly 10% and around $US3 billion in cost.
Read MoreMinus a lead from Wall St overnight the local market closed softer Friday with the S&P/ASX200 index off 14.3 points, or 0.27%, at 5,320.0, while the broader All Ords index was down 12.3 points, or 0.23%, to 5,314.3.
Read MoreGloomy news for shareholders in two mid-ranking stocks – Regional Express Holdings (REX) and Bank of Queensland (BOQ) – at AGMs yesterday.
Read MoreYou wouldn’t credit it, but Elders (ELD) has managed to produce another surprise – no, it’s not more losses, another disastrous investment or unexplained problem in the ever diminishing empire.
Read MoreJust as Elders (ELD) continues to produce more twists and turns than a TV soap opera, so does the continuing battle for the cows (and farmers), milk and cheeses of Warrnambool Butter and Cheese (WCB).
Read MoreMelbourne-based Programmed Maintenance Services (PRG) has joined the ranks of companies hit by the downturn in resource spending.
Read MoreGroundhog day with more records overnight on Wall St, the local market unable to hold onto the highs of the session, more economic data surprising to the upside and more developments in the Victorian cheese war.
Read MoreGaming machine maker Aristocrat Leisure (ALL) has lifted full year profit by almost 17% despite a slide in revenue caused by weak sales in Australia, Japan and several other markets.
Read MoreAnsell (ANN) has returned to the acquisition trail, this time with a $US600 million plus deal to buy a major glove and protective wear rival in the US. It is the second purchase by Ansell in the past two months.
Read MoreIt sounds like it was a case of ‘trust us, we are Woolworths, we know what we are doing’ on two counts from the retailer’s chairman at yesterday’s annual meeting.
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