Markets Thumps Gunns On Big Profit Drop
The sharemarket is nervous about the future of forestry company Gunns Ltd after it revealed a 98% fall in first half profit yesterday.
Read MoreThe sharemarket is nervous about the future of forestry company Gunns Ltd after it revealed a 98% fall in first half profit yesterday.
Read MoreWe are now just over 50% of the way through the December half profit reporting season in Australia.
Read MoreFriday saw a very mixed bag of interim reports and updates.
Read MoreIron ore miner Fortescue Metals Group has reported a sharp fall in first-half net profit despite an increase in revenue.
Read MoreThe US dollar continues to make gains.
Read MoreThe AMP’s Chief Economist, Dr Shane Oliver believes the Australian economy is set to grow by around 4% through this year, reflecting the lagged impact of monetary and fiscal stimulus, high levels of business and consumer confidence, the rebound in wealth and higher export prices.
Read MoreLower oil and gas prices and the absence of any large scale asset sales saw the bottom line at Santos trimmed by more than 70% in the year to December 2009.
Read MoreUnlike the AMP and Wesfarmers, Qantas muddied the market yesterday, getting its guidance all mixed up and helping send the shares down by the largest amount in 10 months at one stage.
Read MoreSo will the AMP have another run at AXA Asia Pacific?
Read MoreWesfarmers produced a surprise on the upside yesterday in its 2009-10 first half profit announcement.
Read MoreCoca-Cola Amatil shares were on the nose yesterday in the upbeat trading conditions, despite the drinks giant reporting a 16.4% improvement in profit for the year to last December.
Read MoreNo one found much good in the Westfield full year result, except that the company returned to profit in the second half.
Read MoreShares in CSL Ltd, the country’s major pharmaceutical group, rose strong yesterday after a bullish outlook from the company and CEO Brian McNamee.
Read MoreShareholders in Brambles will have to wait a bit longer for any improvement in dividend income from the company.
Read MoreRoll road operator, Transurban Group, says there’s been no new approaches from possible bidders from Canada and Australia.
Read MoreIn mid-December Fosters Group issued a trading update that warned of the impact of the strong Australian dollar on wine revenues from offshore and the tough trading conditions in some parts of the division here and in foreign markets.
Read MoreMirvac Group seems to be back on track after an expected return to the black happened in the December 31 half year.
Read MoreFirst it was the Commonwealth, then Bendigo Bank, and yesterday Westpac joined the queue to reveal that profits in this now highly concentrated sector were better than at any other time, and we are not yet fully out of the slump.
Read MoreWell, one comment can be made about OneSteel, the country’s second steelmaker. It did better than its rival BlueScope in earning a small profit in the December half.
Read MoreInterest rates in neutral for a bit longer?
Read MoreWest Australian Newspapers shares fell more than 4% yesterday after the company produced a 15.4% per cent fall in first half net profit.
Read MorePlumbing supplier Crane Group has slashed interim dividend by nearly 50% after profit fell 47% in the six months to December.
Read MoreJapan remains ahead of China as the world’s number two economy after a solid 1.1% rise in 4th quarter GDP.
Read MoreBlueScope Steel Ltd expects to recover to a small full-year profit after reporting a small first-half loss.
Read MoreShares in Bendigo and Adelaide Bank ended higher yesterday after the bank produced a reasonably strong first half profit.
Read MoreAll eyes in this region will be on markets today after news of the second lift in China’s reserve asset ratio for banks came after trading ended Friday.
Read MoreGold dropped on Friday as the US dollar rose to new recent highs on worries about Greece, a slowing European economy and the surprise move by China to tighten bank lending.
Read MoreThe Australian profit reporting season has so far proven to be very strong.
Read MoreShares in Leighton Holdings sank on Friday, despite doing better than expected, lifting guidance and dividend.
Read MoreTelstra shares were sold off yesterday by more than 5% on a disappointing interim earnings release.
Read MoreConsumer inflation stable, producer inflation still rising, but bank lending exploding.
Read MoreEnjoy the sub-4% official interest rates while you can, they won’t be around much longer, nor will home loan rates at present levels.
Read MoreRio Tinto’s 33% rise in 2009 earnings was well anticipated by the market.
Read MoreIt might have been the weakest first half profit in four years, but BHP Billiton did better than analysts had forecast, nudged its US dollar denominated dividend a touch higher and made the right cautious noises about the chances of a sustained global recovery.
Read MoreCommonwealth Bank shares weakened yesterday after the bank refused to give analysts an upbeat outlook on dividend hikes or capital management issues.
Read MoreTuesday we saw a hint of an improvement for property in the results from Australand and AV Jennings.
Read MoreShares in building products supplier Boral bounced more than 4% yesterday, despite it trimming dividend after reporting a 9.2% fall in first half profit.
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