|ACCC Delays Transurban Decision|
Added On - 7/20/2018 7:54:01 AM
The competition regulator, the ACCC sent chills through the Australian business community yesterday, days after its chair, Rod Sims made a speech where he singled out a spate of cases where the Commission had sprung companies engaging in bad behaviour.
|Manganese Drives South32 North|
Added On - 7/20/2018 7:35:12 AM
South32 did well in the year to June, even if there was some weakness in 4th quarter performance in some of its key commodities, according to its June quarter and year production and sales report yesterday.
|OZ Minerals Keeps Shareholder Faith|
Added On - 7/20/2018 7:34:58 AM
Shareholders in OZ Minerals will not miss out when the company reveals its interim financial results next month along with an updated capital management plan.
|Santos Shifts Closer To Dividend Payout|
Added On - 7/20/2018 7:34:46 AM
Santos has moved closer to resuming dividend payouts to the company's loyal and long suffering shareholders following a solid second quarter.
|NSW Leads Jobs Rebound In June|
Added On - 7/20/2018 7:34:39 AM
The slowdown in the Australian jobs market seen since the start of this year, came to a halt in June.
|Wheatstone LNG Lifts Woodside Q2 Profit|
Added On - 7/20/2018 7:34:31 AM
Woodside Petroleum's second quarter revenue jumped nearly 25% as global oil and gas prices surged and the slowly rising growth in output from the huge Wheatstone liquefied natural gas project.
|Carnarvon Surges On "Significant" Oil Find|
Added On - 7/19/2018 8:41:16 AM
Whoosh, up went shares in Carnarvon Petroleum yesterday after it revealed it had made what it called a 'significant' oil discovery in WA.
|Navitas Takes Axe To US Colleges|
Added On - 7/19/2018 8:41:02 AM
Education services group Navitas is taking a $130 million hit from rationalising its operations. The write down will be a one off item in the company's 2017-18 results to be announced shortly.
|Fairfax & News Ink Print Deal|
Added On - 7/19/2018 8:26:24 AM
Fairfax Media and News Corp Australia are to finally merge some of their printing operations to cut costs with around 120 jobs going.
|Buffett Blinks On Berkshire Buyback Stance|
Added On - 7/19/2018 8:26:10 AM
Has Warren Buffett blinked and fallen into line with the prevailing Wall Street belief that favours share buybacks? Not that Buffett was against the idea, its just that for years he has set very high benchmarks for Berkshire Hathaway to meet to allow them to be done.
|Global Funds Turn Bearish On Trade Tensions|
Added On - 7/19/2018 8:26:03 AM
Big global investors are now very worried about the fallout from Donald Trump's trade war with America's allies and China and as a result they have gone all negative on some shares (not the US and not mega techs) and on some economies.
|Golden Run Rolls On For Northern Star|
Added On - 7/19/2018 8:25:56 AM
Northern Star Resources is looking at a solid boost to 2018-19 production guidance after topping its 2017-18 guidance quite easily.
|BHP Beat Sparks Dividend Speculation|
Added On - 7/19/2018 8:25:44 AM
BHP saved the market from a weakish day after surprising with an upbeat set of numbers for its production and sales effort for the June quarter and 2017-18, and a forecast for more of the same in the coming year.
|Euroz Rides The Market Higher|
Added On - 7/18/2018 8:12:53 AM
The solid rise in the ASX in the year to June 30 (and especially in the June quarter) has produced an outsized rise in Euroz Limited's unaudited net profit after tax (attributable to members) of approximately $31.3 million up a large 61% uplift on the previous year’s $19.4 million result.
|Netflix Scores Own Goal On Subscriber Growth|
Added On - 7/18/2018 8:12:41 AM
Stock valuations are stretched, especially for tech major and megamajors and doubters are just waiting for some bad news did Netflix provide an instalment by underperforming in the June quarter - a self-imposed stumble and an example of managerial hubris.
|Oil Search Confirms Revenue Hit From PNG Quake|
Added On - 7/18/2018 8:12:30 AM
Oil Search has confirmed the damage done to its finances by the severe earthquakes in Papua New Guinea in February with an 18% fall in first half revenue.
|Rio Tinto On Track To Top Iron Ore Guidance|
Added On - 7/18/2018 8:12:21 AM
Boom times for the world's major iron ore miners. Rio Tinto says it is on track to hit the upper end of its 2018 guidance for iron ore shipments after sales from its mines in WA's Pilbara rose 14% in the June quarter from the same period last year.
|Asaleo Wiped As Costs Surge Hits Earnings|
Added On - 7/18/2018 8:12:13 AM
Shares in Asaleo Care took a hammering for the second time in eight months after surprising the market with the second profit downgrade in that time.
|Q2 Data Shows China Growth Continues To Cool|
Added On - 7/17/2018 11:50:13 AM
China's economic growth slowed slightly to 6.7% in the second quarter, its slowest pace since 2016, as the impact of an aggressive deleveraging campaign curtailed investment in infrastructure and manufacturing.
|Djerriwarrh Undershoots But Holds Dividend Steady|
Added On - 7/17/2018 8:28:02 AM
Melbourne-based listed investor, Djerriwarrh Investments (which is affiliated with the larger Australian Foundation investment Company) will pay a steady final dividends of 10 cents a share after reporting weaker earnings and an undershooting the performance of the ASX200 in the year to June 30.
|Emeco Turnaround Fails To Inspire Investors|
Added On - 7/17/2018 8:27:53 AM
A bit of a thumbs down from investors for Emeco Holdings, the heavy equipment rental group, despite the update showing a rise in earnings.
|Whitehaven Overcomes Coal Port Congestion|
Added On - 7/17/2018 8:27:43 AM
Whitehaven Coal topped its full year coal export targets despite port congestion in Newcastle in the final months of 2017-18 which limited sales. But thanks to stronger coal prices, especially for thermal and soft coking coal, the company should report strong earnings next month.
|Diary: China GDP, Resource Reports, US Earnings|
Added On - 7/16/2018 8:54:16 AM
President Donald Trump will again dominate the start of the week with his trip to Helsinki for a closely watched tete-a-tete with his Russian counterpart Vladimir Putin, tonight Sydney time.
|Record Trade Surplus As China Exports Top Estimates In June|
Added On - 7/16/2018 8:53:56 AM
China's export were surprisingly buoyant in June and its trade surplus with the United States news that will keep a bitter trade dispute with Washington on the boil for a while longer.
|US Yield Curve Raises Recession Concerns|
Added On - 7/16/2018 8:53:46 AM
Global investors and analysts remain worried about the outlook for global markets. While the US-China trade war, and President Trump's arguments with European countries dominate headlines, there is a growing fear that economic growth might be weaker than it seems.
|Gold Fails To Find Safe-Haven Support|
Added On - 7/16/2018 8:53:38 AM
Metals were rattled for a second week by Donald Trump's trade war, despite solid import data from China - gold though slid to its lowest level in nearly a year as investors failed to see its traditional role as a 'safe-haven' in volatile times.
|Oil Prices Slip After Libyan Ports Reopen|
Added On - 7/16/2018 8:52:42 AM
Global oil prices rose on Friday, but that wasn't enough to offset losses earlier in the week, as traders worried about a rebound in Libyan crude supplies and Donald Trump's global trade disputes.
|Will The Sky Deal Set In Sun Valley?|
Added On - 7/13/2018 2:25:22 PM
The annual meeting of media and tech moguls and mogulettes is being held in Sun Valley, Idaho this week and what's the betting that the takeover battles for Sky Plc and media assets of 21st Century Fox get sorted out in meetings in the next day or so (the conference ends at the weekend).
|Comcast Ups The Ante In Sky-High Bidding War|
Added On - 7/13/2018 1:38:34 PM
The bidding war for Sky Plc has gotten hotter with Comcast topping the higher offer from the Murdoch family's 21st Century Fox.
|Village Roadshow Thumped On Relisting|
Added On - 7/13/2018 8:25:50 AM
Trading in Village Roadshow shares resumed yesterday and on the face of it the 14.4% fall to $1.865 after the suspension to allow the first stage of a $51 million fund raising to happen was good news.
|Mortgage Choice Overhauls Remuneration Structure|
Added On - 7/13/2018 8:25:41 AM
Mortgage Choice announced the overhaul of its remuneration model that will see a $30 million one-off hit on its full-year profit.
|US Share Buybacks Soar To Record Levels|
Added On - 7/13/2018 8:25:33 AM
Corporate America is gorging itself on the $US1.5 trillion in Trump tax cuts, spending record amounts on buybacks, dividends and takeovers - and in doing so keeping Wall Street (and through it, global markets) buoyant and staving off a selling surge that seems to be lurking in the background.
|a2 Milk Shares Slip As Revenue Jumps 68%|
Added On - 7/13/2018 8:25:25 AM
Shares in A2 Milk Company eased nearly 3% yesterday despite the company reporting revenue at the top of its guidance range.
|LIC Mirrabooka Lifts Profit 37%|
Added On - 7/12/2018 8:26:36 AM
Melbourne-based listed investment company, Mirrabooka Investments yesterday reported a 37% lift in net profit to $10.4 million for the year to June 30.
|Murdoch Ups Takeover Offer For Sky|
Added On - 7/12/2018 8:26:32 AM
The Murdoch family's 21st Century Fox has, as widely forecast, lifted its offer for the 61% of UK based pay-TV group Sky PLC that it doesn't already own to 24.5 billion pounds and topping an existing bid from Comcast Corp (worth $US31 billion).
|'Tit For Tat' Tariff Warnings Grow Louder|
Added On - 7/12/2018 8:26:27 AM
The National Australia Bank has warned that new risks from Donald Trump's trade wars are a rising threat to the health of the Australian economy - a warning underlined by Trump's latest salvo of 10% tariffs on another$US200 billion of imports from China.
|Stockland On Track To Meet 'Tightened' Guidance|
Added On - 7/11/2018 8:01:39 AM
Property and retailing group Stockland, says its earnings guidance for the 2017-18 financial year will be for 'approximately 6.5% growth' in Funds From Operations (FFO) per security
|NAB Survey Confirms RBA Stance|
Added On - 7/11/2018 8:01:32 AM
The Australian economy continues to burble along, but there is no sign of any upward pressure on wages or inflation according to the latest monthly survey from the National Australia Bank.
|Village Roadshow Confirms Theme Park Pain|
Added On - 7/11/2018 8:01:21 AM
It's no wonder Village Roadshow is looking to raise $51 million from shareholders - the company's losses through impairments ballooned in the year to June, according to a release from the company yesterday.
|Media Reports Take Toll On Transurban|
Added On - 7/11/2018 8:01:14 AM
Media reports claiming how toll road operator Transurban has been hitting motorists with high fees have forced the giant to reveal plans to revamp its tolling system and other services from next week.
|Elders Talks Down PGG Wrightson Tilt|
Added On - 7/11/2018 8:01:04 AM
Already smarting from a slide in its shares because of a weak earnings update last Friday, Elders was quick to deny claims in The Australian newspaper that it was preparing a $300 million fund raising to help pay for the purchase of NZ rural group, PGG Wrightson.
|China Inflation Ticks Higher In June|
Added On - 7/11/2018 8:00:55 AM
No worries about the level of Chinese inflation in June even though there was a small rise in both consumer and producer price pressures.
|ASX Marches To New Decade Highs|
Added On - 7/10/2018 1:21:08 AM
The Australian sharemarket hit a 10 and a half year high briefly yesterday before throwing up its hands and falling back.
|Village Roadshow Eyes Fresh Capital Raising|
Added On - 7/10/2018 1:20:56 AM
Village Roadshow is reported to be looking at raising up to $50 million in an issue after the shares were suspended yesterday at the company's request.
|City Of Sydney Contract Sheds Light On Ad M&A|
Added On - 7/10/2018 1:20:50 AM
After close to $2 billion was committed in mergers and acquisition activity in the country's outdoor advertising sector - the reason for the shake up - the competition to win the country's most lucrative outdoor ad deal with the Sydney City Council (estimated to be worth over $500 million or more) is no longer.
|Asset Sale Masks Villa World Performance|
Added On - 7/10/2018 1:20:43 AM
Not convincing. Medium sized east coast housing developer, Villa World claimed yesterday it is on track to top guidance for the 2017-18 financial year of a 10% rise in earnings, thanks to a recent property sale.
|ASX Shrugs Off Trade War Worries|
Added On - 7/9/2018 6:13:12 AM
The ASX looks like hitting new 10 year highs today after a solid 26 point gain in futures trading overnight Friday.
|Banks To Kickstart US Q2 Earnings|
Added On - 7/9/2018 6:13:03 AM
The US second quarter earnings season kicks off this week with three banks and a big airline releasing results for the three months to June.
|BP Swooping In On BHP Shale Assets|
Added On - 7/9/2018 6:12:52 AM
According to weekend media reports BHP is on the verge of getting rid of its costly US shale gas and oil headache with global major, BP emerging as the front runner to buy the unwanted assets in one go.
|Commodities Caught In Trade War Crossfire|
Added On - 7/9/2018 6:12:43 AM
While it was a weak to mixed finish on Friday for the first week of trading in the new month and quarter for commodity markets - the next couple of weeks might see more volatility, especially for oil and energy.
|Diary: Nato Meets, Trump Travels, US Earnings|
Added On - 7/9/2018 6:12:21 AM
Donald Trump dominates the coming week. On top of his triggering of a trade war with China - which he has threatened to expand, he goes to Europe for a Nato summit in Brussels ahead of his trip to the UK.
|Woolworths, Caltex Renew Vows|
Added On - 7/6/2018 7:08:50 AM
Woolworths and Caltex have struck a new 15-year fuel supply agreement and entered a long-term alliance covering convenience stores, wholesale food supply and loyalty rewards.
|Domino's Dumped On Broker Downgrades|
Added On - 7/6/2018 7:08:37 AM
Another dump Domino's Pizza shares yesterday after a couple of brokers gave the stock a less than glowing review. Domino's shares fell to their lowest level in more than a month as investors sold in the wake of analysts’ downgrades.
|ASX Listings Jump 46% In FY2017-2018|
Added On - 7/6/2018 7:08:28 AM
The value of ASX capital raisings surged in the year to June according to data released by the exchange yesterday.
|Online Retail Surging Ahead|
Added On - 7/6/2018 7:08:17 AM
If you listen to the bleats from the likes of Gerry Harvey of Harvey Norman and Solomon Lew of Premier Investments (Smiggle, Just Jeans etc) the online world - especially from offshore - is nasty and unfair and that's why from July 1 we have the now very costly (to administer) tax on imports under $1,000.
|Asian Markets On Edge Ahead Of Chinese Tariff Deadline|
Added On - 7/5/2018 7:39:36 AM
Stockmarkets seemed poised to sell off on Friday if the July 6 deadline for the imposition of 25% tariffs on some Chinese exports passes without any attempt to delay or limit the impact.
|Creasy Seals New JV Agreement Near Nova Mine|
Added On - 7/5/2018 7:39:31 AM
There's nothing like success to breed success and WA prospector Mark Creasy is a perfect example of that. On Tuesday he did another rich deal with miner Independence Group over his landholdings in the Fraser Range east of Norseman.
|Retail Sales Perk Up As Department Stores Rebound|
Added On - 7/5/2018 7:39:27 AM
Signs of life at the nation's cash registers with a better than forecast rise in retail sales in May on top of a higher revised performance in April.
|RBA Reinforces On Hold Until 2020 Call|
Added On - 7/4/2018 2:14:28 AM
No change from the Reserve Bank at its July meeting with the cash rate remaining on hold at 1.50% and likely to do so for the next year at least, if current economic trends continue, particularly weak wage growth.
|Domain Secures Google Australia Boss For CEO|
Added On - 7/4/2018 2:14:22 AM
Domain's new CEO Google's Australian and New Zealand managing director Jason Pellegrino who will join on August 27 and, if he is still in the job on December 31, will pocket $500,000 in cash.
|LNG, Coal Drive Record Resource Exports|
Added On - 7/4/2018 2:14:17 AM
Australia's resource and energy export figures are on track to set a new record of $226 billion in the year to last Saturday, June 30.
|Slowing China Could Squeeze Iron Ore|
Added On - 7/4/2018 2:14:12 AM
The Australian Government's commodity forecasting group has again forecast that iron ore prices are expected to fall by more than 20% over the next two years as demand from China's steel mills eases, while domestic and Brazilian output climbs.
|Former Ford Boss To Steer GUD Holdings|
Added On - 7/3/2018 7:51:01 AM
GUD, the Sydney based diversified manufacturer lost a CEO yesterday, gained a replacement and settled on a $20 million dollar expansion into the aftermarket for car parts. The company announced yesterday that the CEO of the past five years, Jonathan Ling had resigned as CEO and will be leaving the Company at the end of September 2018.
|Auto Holdings Confirms China Deal Gone Cold|
Added On - 7/3/2018 7:50:58 AM
Automotive Holdings Group, Australia's largest car dealer, has confirmed the worst kept secret in Australian business - that China's HNA Group has pulled out of a $400 million deal to purchase AHG's refrigerated logistics business.
|Bitter Pill For Sigma As Chemist Warehouse Walks|
Added On - 7/3/2018 7:50:53 AM
Sigma Healthcare shares plunged 44% at one stage yesterday after it confirmed that it would not be continuing as a key supplier to the giant Chemist Warehouse chain in a new deal from July 1, 2019.
|No Stress: Buffett Set For Big Windfall|
Added On - 7/3/2018 7:50:49 AM
Warren Buffett does it again - the one commodity he has too much of (according to some analysts) - cash, more cash for his huge $100 billion-plus float because of the robust health of the US financial sector.
|Shares Eye Fresh Start To The Financial Year|
Added On - 7/2/2018 3:44:27 AM
Markets will be looking for a positive start to the new 2018-19 financial year, the month of July, the September quarter and December half-year thanks mostly to higher energy prices.
|Best & Worst Performers On The ASX In FY 2017-2018|
Added On - 7/2/2018 3:38:52 AM
Without a surge in the June quarter and the month of June, led by the big banks and miners, Australian stockmarket investors would have been looking at a flat financial year, a flat quarter and virtually no capital gains.
|Is Oil On Its Way Back To $100?|
Added On - 7/2/2018 3:38:38 AM
Oil was the star commodity over 2017-18, and now, despite the move by OPEC to ease its production cap (with Russia and other producers), some analysts are wondering when $US100 a barrel will be regained for the first time since 2014.
|Gold, Metals Fail To Shine In 2017-18|
Added On - 7/2/2018 3:38:26 AM
A very mixed, month, quarter, half year and 12-months for the Aussie dollar, the greenback and commodity prices.
|Diary: RBA Rates Call, US Jobs, Oz Housing|
Added On - 7/2/2018 3:38:09 AM
A big week here and offshore - the start of a new week, a new month, a new quarter, a new half year and for most Australian companies, a new financial year - 2018-19.
|Fake Profits: Buffett Gives Up On US Newspapers|
Added On - 6/29/2018 6:55:49 AM
Warren Buffett has finally given the thumbs down to print media, all but abandoning it as an area of investment in a move that could see a new group of investors to manage America's dying newspapers into an assisted death.
|ASIC Blow Bumps AMP Shares To 15-Year Low |
Added On - 6/29/2018 6:55:40 AM
AMP shares fell to a fresh 15-year low yesterday after ASIC launched Federal Court action against the wealth manager on Wednesday afternoon over allegations its advisers churned customers into less suitable insurance policies purely to win commissions.
|Auto Holdings China Deal Frozen By FIRB|
Added On - 6/29/2018 6:55:32 AM
As was widely expected Chinese group HNA will not purchase Automotive Holdings refrigerated transport business for $400 million by the end of June.
|Ex-Wesfarmers CEO Flies Into Qantas Chair|
Added On - 6/29/2018 6:51:25 AM
Richard Goyder, the man who ran Wesfarmers for 12 years will become chair of Qantas - as well as chairing Woodside, and heading up the AFL.
|Dovish RBNZ Prepared To Cut Rates|
Added On - 6/29/2018 6:51:12 AM
The Reserve Bank of NZ has made it clear that it is prepared to cut rates as much as lift them in its latest policy announcement where it kept the official cash rate on hold at 1.75% for yet another meeting.
|Santos Flags Return To "Sustainable" Dividends|
Added On - 6/29/2018 6:49:48 AM
Santos is moving closer to resuming paying dividends to shareholders.
|ASIC Begins Legal Action Against AMP|
Added On - 6/28/2018 8:18:11 AM
Corporate regulator, ASIC has started Federal Court proceedings against AMP claiming the company and its financial planners who 'churned' clients into similar, new insurance policies so they could claim inflated commissions.
|Why China Shares Have Slumped Into A Bear Market|
Added On - 6/28/2018 8:08:19 AM
Another weak day for Chinese sharemarkets on Wednesday as the sell-off continues to drag the markets into bear territory.
|Index Reshuffle Set To Breakdown FANG Bite|
Added On - 6/28/2018 8:08:08 AM
Put this one in your diary for September so that you won't be alarmed at what could be some outsized movements in two key sub-indices of the S&P 500.