Metcash Opts For Grocery Review
Amid yesterday’s big market sell-off, Supermarket group and supplier, Metcash (MTS) stood out with a sharp, 6.7% jump in earnings for the year to April 30.
Read MoreAmid yesterday’s big market sell-off, Supermarket group and supplier, Metcash (MTS) stood out with a sharp, 6.7% jump in earnings for the year to April 30.
Read MoreAccording to the share price index future contract, the Australian stock market faces a rough morning when trading restarts after the weekend break.
Read MoreThankfully, we should have a much quieter week after the tumult and selling triggered by the results of last week’s meeting of the US Federal Reserve.
Read MoreA rare profit upgrade emerged from the late filings at the ASX on Friday night.
Read MoreThe Cooper review included 29 recommendations for reforms of self managed superannuation funds (SMSFs).
Read MoreDon’t worry about the slide in the dollar, or yesterday’s fall in the stockmarket – pay attention to what’s happening in China where the country’s central bank has again driven short term interest rates to new highs as it seemingly tries to bring banks and others into line.
Read MoreA combination of a weak stock market, the worse than expected early figures from the monthly survey of Chinese manufacturing and a surprising downgrade of its iron ore production target for 2012-13 saw shares in Fortescue Metals Group sold off sharply yesterday.
Read MoreLike Australia, NZ experienced weak to sluggish economic growth in the first quarter of this year.
Read MoreA more confident US Federal Reserve moved markets this morning when it produced more upbeat forecasts for the US economy after its two day meeting in Washington.
Read MoreTroubled former billionaire, Nathan Tinkler has lost his $600 million stake in Whitehaven Coal (WHC) to US investment firm Farallon Funds and other creditors.
Read MoreShares in Sydney-based McPherson’s Limited (MCP) plunged more than 20% yesterday as investors reacted negatively (as they would) to the market update and profit downgrade issued well after trading ended on Tuesday afternoon.
Read MoreThe future of Elders continues to remain up in the air.
Read MoreNow that wasn’t too hard, was it?
Read MoreMelbourne-based Labour hire company Skilled Group (SKE) has returned to the acquisition trail after a long absence and nailed a $75 million purchase in the oil and gas sector.
Read MoreAgricultural products and water group Tandou Ltd (TAN) yesterday forecast a modest rise in profit for the year to June of between $200,000 and $1 million, thanks to some well-timed harvesting.
Read MoreLend Lease (LLC) shares fell more than 7% yesterday after it became the latest company to join the ‘bad news’ club with an indifferent earnings update.
Read MoreA few hours of peace on Friday in Asian trading was again replaced by a finishing panic on Wall Street as markets faded back into the red in a funk over the Fed’s quantitative easing.
Read MoreHopefully this week will see the future of the embattled rural services group, Elders, clarified once and for all.
Read MoreThe words of the US Federal Reserve and its chairman, Ben Bernanke dominate the week ahead for markets here and offshore.
Read MoreBrisbane-based financial services group, Suncorp (SUN), is attempting to clean up its balance sheet and get rid it of its ‘non-core’ or bad bank loans – at a cost of close to half a billion dollars in losses to be reported in the 2012-13 full year results in August.
Read MoreHere’s a heads up for the new financial year.
Read MoreGet used to it – the rising volatility we have seen in the past three weeks will continue, especially for much of next week – the US is recovering and that, plus the stuttering attempts to reflate the moribund Japanese economy, are going to rattle confidence levels for investors around the world.
Read MoreThe great Rio Tinto crash diet continues with reports the company is looking to sell down part of its collection of coal mining assets in NSW to another big miner – Glencore, owners of Xstrata.
Read MoreNews Corporation is on its way to separating itself into two companies from June 28, with the one centred on Australia to be left behind as the rest of the group grows more rapidly in the growth markets of media content and production.
Read MoreIf the stock market act is any guide (and it was last week), then the selling wave that has overwhelmed Newcrest Mining seems to be ending.
Read MoreAnother rough day for the Australian dollar with new 32 month lows set in Asian trading yesterday and in European and US trading overnight.
Read MoreNot surprisingly, Perth-based mining contractor NRW Holdings (NWH) has joined the ever lengthening queue of companies from the sector reporting that its revenue and earnings have taken a hit or two from the slowdown in mining investment.
Read MoreASX Ltd plans to raise up to $550 million in a two for 19 rights issue at $30 a share to in part fund new capital needed for the exchange’s clearing house.
Read MoreLimited relief for Leighton Holdings, the German-Spanish controlled construction giant which seems to be re-emerging slowly from the management and operational turmoil of the last two to three years.
Read MoreThe events last week at Newcrest Mining will be centre stage today as investors wait for any sign that the market regulator ASIC is going to do more than just talk about the events of last week that saw the company’s shares plunge 21%, including on Friday when the company cut its final dividend, announced more cost cutting and plans to cut its asset values by up to $6 billion.
Read MoreYes, the Chinese economy is slowing, no it isn’t a basket case. But growth has definitely slowed from more than 8% at end of 2012 to the range of 7% to 7.5% (down slightly from the first quarter estimate of 7.8%).
Read MoreNo wonder Fairfax Media says it will get an extra $60 million in cost reductions above the quarter of a billion already promised from the continuing restructure of its print and digital operations. Its revenue is sliding, along with profits.
Read MoreThe fall in the market last month and so far in June, is getting close to wiping out the gains for the current year.
Read MoreSo what’s the bigger story for investors – dollar down to new 32 month lows – or the Australian share market shedding most of this year’s gains and leaving those invested in the market and in the various forms of superannuation looking at a very limp end to 2012-23?
Read MoreWe saw conflicting news from two of the market’s perennial disappointers in recent years – Federation Centres (FDC) (better known as the failed shopping mall group, Centro, but now revamped) and contractor and mining services group, Macmahon Holdings (MAH), 19% controlled by Leighton Holdings.
Read MoreAustralian car sales continue to outperform the growth rate in the Australian economy.
Read MoreAs forecast yesterday, the Australian economy grew modestly in the March quarter and in the year to March, thanks to strong exports (especially of iron ore) and retail sales (household consumption such as cars) which offset the slowing impact of the mining investment boom and a fall in government investment.
Read MoreNo rate cut from the Reserve Bank yesterday after its surprise cut last month.
Read MoreIf Australia had a solid quarter of growth in the three months to March, then we will be able to thank the sharp improvement in our trade position which is expected to add 1.0 percentage points to growth in the quarter, according to data from the Australian Bureau of Statistics yesterday.
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