Profits 1: Flight Centre, Sonic, Seek
Shareholders in travel group Flight Centre have shared in the boom in Australian’s flying overseas in increasing numbers to take advantage of the higher Australian dollar.
Read MoreShareholders in travel group Flight Centre have shared in the boom in Australian’s flying overseas in increasing numbers to take advantage of the higher Australian dollar.
Read MoreAs forecast, Foster’s is backing its rejection of the $4.90 a share offer from SABMiller with a big share buyback and a solid final dividend of 13.25c.
Read MoreToday it’s the turn of the under siege Foster’s Group to report its maiden full year profit as a beer group.
Read MoreShares in Amcor rose in yesterday’s lacklustre market as the global packaging giant revealed that it is overcome the stronger Australian dollar and almost doubled full year profit to $356.7 million for the 12 months to June 30.
Read MoreIt was a telling contrast, the day BlueScope Steel cuts 1,000 jobs, closes two steel plants and reveals a loss, including write-downs totalling $1.05 billion, its smaller competitor, OneSteel reveals plans to spend another half a billion dollars expanding its iron ore export business.
Read MoreDespite another fall in global markets on Friday, the Australian market looks like steadying today.
Read MoreThe June half profit reporting season is about one third complete and really hits its peak this week with majors such as BHP Billiton and Woolworths reporting.
Read MoreOnce again it will be a very busy week here and offshore.
Read More“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” J.S. Mill
Read MoreAs good as Wesfarmer’s results were for the 2010-11 financial year, with a 23% lift in after tax earnings; let’s pause for a moment to put them in some perspective.
Read MoreAfter Thursday’s massive sell-off in Europe and the US you can hardly blame investors of all sizes for heading for safety.
Read MoreThe poor blinkered dears in the market turned against Boral yesterday, selling the shares down almost 6% or so after it revealed a half a billion dollar deal to buy control of a plasterboard joint venture in Asia.
Read MoreThe annual results of CSL yesterday highlighted, quite nicely, the swings and roundabouts from the way currencies are moving and what companies are doing to protect and reshape their businesses.
Read MoreSo we are going to have a hostile takeover battle from international brewer SABMiller for Foster’s Group.
Read MoreUnlike the receptions for other banks reports or updates this reporting season, Westpac’s third quarter trading statement yesterday was given the thumbs down by the market.
Read MoreUnlike BlueScope Steel, which has cut the value of its assets by around $900 million and warned of a major restructuring to be announced next week, rival steelmaker, OneSteel has been quietly hacking away at costs without the too much publicity.
Read MoreQantas yesterday joined the gathering rush of corporate restructuring in Australian business.
Read MoreRelief might have been the best way to describe the reaction yesterday to the annual figures from Leighton Holdings, Australia’s major mining and construction contractor.
Read MoreContrasting market reactions yesterday to two annual results from mid-level industrial companies.
Read MoreAs expected Newcrest Mining boosted full year profit by a big margin in the wake of the last year’s takeover of Lihir Gold and its 1 million ounces a year of production.
Read MoreFor the first time in a fortnight, investors will start the trading week without the threat of a major market slump.
Read MoreGold and oil both finished a difficult week down at the close on Friday for differing reasons.
Read MoreIt’s another big week for the markets and economy here and offshore.
Read MoreAnother month of Chinese economic data (which was dribbled out in a surprisingly vague manner over a number of days) tells us that growth engine of the global economy remains beating and performing well.
Read MoreAfter the flow of data for June and a couple of early reports on July, the Australian economy remains mired in a very slow lane, except for the resources sector.
Read MoreSuddenly the same analysts and ‘experts’ who have been negative on Telstra, are fans after the company reported a smaller than expected fall in earnings for the year to June 30; a result that included rising revenues and profits from mobile phones and telecoms.
Read MoreWell, looking at yesterday’s Commonwealth Bank full year result, several points stand out.
Read MoreThe restructuring of Australian retailing continues.
Read MoreWell, there’s one bit of good news around: the Chinese economy has avoided flopping into recession or a credit crunch amid all the hue and cry over America’s credit rating cut and the market instability surrounding that.
Read MoreCoca-Cola Amatil (CCA) management obviously decided that with the stockmarket tanking and all shares under pressure, that it was better to reveal some bad news than hide it and wait until later in the year.
Read MoreThere should be a lot of shamefaced and apologetic investors, brokers and fund managers for the silly sell-off yesterday morning in a follow on reaction to the US market slump on Monday night.
Read MoreThe Fed came and met and may have worked enough magic, with what little it has left in its armory, to steady nervy markets.
Read MoreAdelaide based Argo Investments lifted earnings by 11.8% for the year to June 2011 and says it is ready to take advantage of buying opportunities as they come along.
Read MoreThe market reaction to the 2011 profit statement from leading electronics retailer JB Hi-Fi told us much about the current statement of investors thinking.
Read MoreRed ink everywhere as market lump deepened overnight.
Read MoreSo the biggest questions about the impact of the S&P downgrade of America’s credit rating are: the impact on the share market here and offshore today and tonight, and how many dominoes will fall as the rating cut impacts on the emerging crisis of confidence.
Read MorePerhaps all those doomers and gloomers in Australia moaning about how tough times are here, will lift their blinkers and have a quick look at Australia’s AAA credit rating and compare that to the US after Standard & Poor’s cut on Saturday, our time.
Read MoreSo all eyes will be on the markets here and especially in the US tonight after the dramatic and controversial downgrade of America’s credit rating on Saturday, our time.
Read MoreMore pain for various economies means more pain for stockmarket investors, according to the chief economist and strategist at AMP Capital Investors, Dr Shane Oliver.
Read MoreThe market had been looking for an interim profit of just over $US8 billion for the six months to June from Rio Tinto.
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