Results: Skinny CSR Reports Less Sugar
It was a skinnier CSR that reported its full year profit yesterday.
Read MoreIt was a skinnier CSR that reported its full year profit yesterday.
Read MoreWe saw a couple of positive updates yesterday in that the two companies involved, Westfield Group and Boral, didn’t follow other companies in cutting 2011 guidance but maintained it at previous declared levels.
Read MoreYesterday we had two very good examples of the sort of outlook that could be in front of the country’s retailers for the next year or so, if the forecasts in Tuesday night’s budget turn out to be anywhere near accurate.
Read MoreSo will China give the economy another rate rise for good measure after a small fall in inflation in April, but a rise in bank lending?
Read MoreNo wonder shares in agricultural chemicals supplier Nufarm jumped sharply yesterday: the market reckons it’s only a matter of time before Japan’s Sumitomo Chemical Company makes a move to snaffle more of the company.
Read MoreSteelmaker and iron ore exporter, OneSteel has downgraded full-year earnings guidance by 14%, a move that justifies the long slump in the share price this year.
Read MoreAustralia isn’t the only country to see a significant improvement in recent months (see next story).
Read MoreAmong the budget papers were a couple of interesting ideas for investors interested in a bit of fixed interest income.
Read MoreA lean, but not mean budget? Perhaps. Not tough in the usual sense, cautious, with the underlying economic outlook more of the same? Certainly.
Read MoreShares in NSW coal miner Gloucester Coal were suspended from trading yesterday after it revealed it was in talks for potential acquisitions and a capital raising.
Read MoreSome commentators reckon the Labour Force figures on Thursday could see 15,000 to 20,000 new jobs reported.
Read MoreOn the even of the budget, the National Australia Bank’s latest monthly report says Australian business conditions and confidence softened in April.
Read MoreMarket punters (hedge funds) drove Spotless Group shares up more than 22% yesterday at one stage in the wake of the company’s rejection of an approach from an unknown private equity group.
Read MorePrivate equity offers are not very successful in Australia, nor are some of their investments, as the collapse of retailer, Colorado Group and Borders and Angus & Robertson show.
Read MoreEconomists are tipping a tough 2011-12 Federal Budget which will be delivered tomorrow night.
Read MoreAlthough the budget will have a lot to say about cutting spending to reduce pressure on the economy and will contain the government’s forecasts for inflation, jobs, growth and trade, the only ones that matter are from the Reserve Bank.
Read MoreRespite on Friday night our time for the markets with an easing of the sell off of the preceding four days, thanks to a better than expected jobs report for the US for April.
Read MoreA steadier end to the week for commodities after Friday’s jobs report settled nerves in the US.
Read MoreThe federal budget dominates this week, along with the April jobs report on Thursday and a scattering of other local data.
Read MoreThe US economy seems to be struggling to maintain momentum, 10 days away from the debt ceiling D-day that seems to be concerning few people at the moment.
Read MoreWell, pitching yourself as being customer-friendly by ending charges and fees, such as the controversial home loan exit imposts (and insulting its peers in its advertising) seems to have paid off for the National Australia Bank.
Read MoreThe March 11 quake and tsunami and the associated Fukushima nuclear crisis seems certain to produce a dramatic change in Japan’s latest growth and energy policy which was only adopted 11 months ago.
Read MoreSo the economy is in a strange place.
Read MoreWho’s the first one out the door as markets tank and tremble?
Read MoreSo what’s Reckon up to, buying a bit of Melbourne IT, ruling out a takeover offer, but suggesting closer commercial links.
Read MoreThe long and rare combined Easter-Anzac Day break (and the usual one fewer selling day for April) clipped new car sales last month, compared with the corresponding month in 2010.
Read MoreEven though Macarthur Coal had good news on the profit front yesterday, the market wasn’t listening, or so it seems.
Read MoreInvestors had a couple of thoughts about yesterday’s trading update from the usually reliable Coca-Cola Amatil.
Read MoreWestpac has joined the banking reality club, along with charter member, ANZ.
Read MoreThe market took a look at what was on the whole a positive update from property developer and investor, Stockland yesterday and went ‘hmmmmm, don’t know’ and marked the securities down by more than 2% by the close.
Read MoreAt least one retailer is having a good time at the moment.
Read MoreThe bad news continues about the newspaper sector of the Australian and NZ media: it’s glum and there’s not much future to be seen.
Read MoreThe headline figures looked good, but the market didn’t like the interim results from the ANZ yesterday: it seems there were too many unanswered queries about the quality of the earnings.
Read MoreNo change in interest rates yesterday, but an increase is looming, perhaps next month or in July after the RBA Governor Glenn Stevens made a significant change to the statement issued after yesterday’s rate setting meeting of the bank’s board.
Read MoreA weekend after gold and especially silver closed at new highs, they got belted in very thin trading electronic yesterday, especially silver.
Read MoreMore faint signs of a slowdown in Chinese manufacturing, but they are nothing to get excited about, despite the attempt to do so by some analysts.
Read MoreAustralian home prices are falling, where they will end up no one knows, but they could have a way to go given that lending finance figures for March from the Reserve Bank were weak.
Read MoreMining services and explosives group, Orica withstood the impact of floods and bad weather in Australia and the US and the stronger dollar to report an improved profit performance in the six months to March 31.
Read MoreThe Reserve Bank board meets tomorrow and is not expected to lift rates.
Read More