Brambles Upgrades 2014-15
And while Woolies was surprising on the downside, logistics giant Brambles (BXB) was revealing more pleasant news for its shareholders on the upside with an upgrade to its earnings guidance for 2014-15.
Read MoreAnd while Woolies was surprising on the downside, logistics giant Brambles (BXB) was revealing more pleasant news for its shareholders on the upside with an upgrade to its earnings guidance for 2014-15.
Read MoreMomentum in the sales battle between Coles and Woolies moved firmly in favour of Coles after Woolworths (WOW) reported a surprisingly weak set of first quarter figures yesterday.
Read MoreWestpac (WBC) wrapped up the bank reporting season yesterday and a muted end was had by all in contrast to the strong gains seen around the interim reports in May, and a year ago for the 2012-13 full year figures.
Read MoreNothing in yesterday’s flow of economic data to make the Reserve Bank board think about changing the current 2.5% level for the bank’s cash rate.
Read MoreWestpac (WBC) lifted cash earnings 8% to a record $7.628 billion for the year to September and has boosted final dividend two cents a share to 92 cents.
Read MoreGold was whacked for a second successive day and took a hard fall on Friday around the world as investors abandoned the metal in the wake of the end of the Fed huge easing campaign, and then the sudden expansion of the similar spending program by the Bank of Japan, at one point trading at levels not seen since 2010, as the dollar surged in the wake of the surprise move from the Bank of Japan to expand its easing program.
Read MoreWhat the Fed took away, the Bank of Japan gave back to the punchbowl in what was an astounding end to a big week for global finance.
Read MoreFrom a horse race in Melbourne tomorrow, to the mid-term polls in the US, a central bank meeting here and offshore, and the key monthly jobs data in America and in Australia, it will be one of those enormous weeks for the Australian and world economies.
Read MoreColes’ supermarkets business has set a high bar for rival Woolworths (WOW) to match with a noticeable quickening in the rate of top line and same store sales growth in the first quarter of the 2014-15 financial year.
Read MoreThere was a cautious market reaction yesterday to the news that The Coca-Cola Company will invest $US500 million ($A570 million) in Coca-Cola Amatil’s (CCL) Indonesia business, in return for a 29.4% equity stake, news that saw the shares rise 4.5% to $9.07.
Read MoreFlight Centre (FLT) is another major company which says it’s banking on a stronger second half to lift earnings for the full 2014-15 financial year.
Read MoreThe annual result from the National Australia Bank (NAB) came in as forecast, lower because of $1.3 billion in higher write-offs in the UK banking operation and some local asset write downs, all of which the bank told us about in updated guidance earlier this month.
Read MoreShares in Domino’s Pizza (DMP), the rapidly expanding fast food group, fell more than 6% yesterday as investors turned their noses up at what was a solid trading update from the company at the AGM in Brisbane late Tuesday.
Read MoreInvestors are jumpy – selling down companies that miss guidance or, even worse, downgrade their forecasts.
Read MoreAs expected, the US Federal Reserve has voted to end its bond-buying stimulus program commonly known as QE3 and signalled to markets that it was not worried about global weakness, low inflation or the recent wobble in financial markets.
Read MoreNew Zealand interest rates were left unchanged this morning by the country’s central bank after its latest monetary policy meeting.
Read MoreEngineering firm WorleyParsons (WOR) expects challenging conditions in global resources markets to continue.
Read MoreShares in education group, Vocation (VET) more than halved in trading on the ASX yesterday after the company finally stopped spinning and produced the real story on its falling out with its major client, the Victorian Government.
Read MoreBeach Energy (BPT) shares fell more than 10% in early trading yesterday after the company produced what seemed to be a poor quarterly update, and global oil prices took another downward lurch, with US prices dropping briefly under $US80 a barrel again.
Read MoreThe great dairy boom continues to be hit by the realities of the global market place.
Read MoreAustralia’s CSL Ltd (CSL), the world’s largest blood products company, said says it has agreed to buy Novartis AG’s global influenza vaccine business for $US275 million.
Read MoreBHP Billiton (BHP) has mounted a strong defense of its current business strategy of cutting costs, boosting productivity from the asset base it retains after spinning off around $US14 billion in unwanted assets.
Read MoreCafes and coffee, not to mention bread, pizzas and muffins, and the odd donuts are obviously hot so far as investors are concerned.
Read MoreA big week for the local market and investors lies ahead of us – not from what happens offshore (and yes, the Fed’s post meeting statement early Thursday morning and US market reaction will be vital, no doubt).
Read MoreThe US Federal Reserve holds the key to the health of financial markets this week – although the full year reports from three of our four big banks will have a major impact here in Australia late in the week.
Read MoreGlobal share markets rose on Friday after strong corporate results and reduced concerns over the possible spread of Ebola in America boosted Wall Street.
Read MoreAs expected, stumbling UK retailing giant, Tesco, produced some distressing interim figures overnight Thursday as a sort of first instalment of what is going to be a drawn out saga as the world’s third biggest retailer struggles to remain relevant, and even in business.
Read MoreShareholders in Oil Search (OSH), the PNG-focused oil and gas producer, can look forward to a sharp rise in dividend payouts following a strategic review of the company and its future directions.
Read MoreAustralian Pharmaceutical Industries (API) is now confident about boosting its performance in the 2014-15 year after cleaning up its accounts and taking a big bottom line loss in the year to August 31.
Read MoreDid we hear shouts of joy from long suffering shareholders in struggling drilling services group Boart Longyear (BLY) in the wake of a $US352 million recapitalisation plan revealed before trading on the ASX kicked off yesterday?
Read MoreAGL Energy (AGK) disappointed the market yesterday with profit forecast which verged on spin.
Read MoreAn earnings downgrade from Toll (TOL), delivered at its AGM in Melbourne yesterday brought punishment for the stock from investors with the shares losing more than 7% by the close yesterday.
Read MoreGood news and bad news for Origin Energy (ORG) shareholders at yesterday’s annual meeting.
Read MoreLike its great rival Rio Tinto (RIO) last week, BHP Billiton (BHP) yesterday produced a September production and sales report that surprised on the upside – especially in iron ore, petroleum and the biggest surprise of all – a surge in coking coal from its mines in Queensland.
Read MoreEven though shares in Super Retail Group (SUL) leapt yesterday after the company reported solid quarterly sales results at the annual meeting in Brisbane, there were a couple of lingering problems that enthusiastic investors seemingly overlooked.
Read MoreSome analysts reckon giant consumer products companies have gone ex-growth and are at best annuities.
Read MoreThe board and management of Coca Cola Amatil might have trekked to Atlanta last week for meetings with the board of the major shareholder, The Coca Cola Company about Indonesia and other issues. They may as well have stayed at home and saved the money judging by the surprisingly poor third quarter result produced by the US company overnight Tuesday.
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