Noni B’s Losses Rise
Things continue to get worse for embattled Sydney women’s fashionwear retailer, Noni B (NBL) with yet another earnings downgrade and a loss for 2013-14 that could approach $8 million.
Read MoreThings continue to get worse for embattled Sydney women’s fashionwear retailer, Noni B (NBL) with yet another earnings downgrade and a loss for 2013-14 that could approach $8 million.
Read MoreA disappointing production outlook for 2014-15 saw Beach Energy’s (BPT) shares sink 3% yesterday, to close at $1.705.
Read MoreA sharp fall in dairy prices for NZ farmers has raised the question if the country’s economy is heading for a slowdown much larger than anyone was thinking a week ago when the Reserve Bank of NZ lifted its official cash rate for a fourth time to 3.5%.
Read MoreLeighton Holdings (LEI) looks like a massive restructuring, with writedowns, losses as well as asset impairments.
Read MoreEducation services provider Navitas (NVT) remains confident of its outlook, despite suffering a sharp fall in profit for the year to June 30 from the loss of a contract with Macquarie University in Sydney from 2016.
Read MoreFriday bought some conflicting reports about 2013-14 profitability from two middle ranking industrial stocks.
Read MoreA febrile time for financial markets this week. The conjunction of a number of key reports in the US this week, overlain by the possible default by Argentina on up to $US29 billion of its debt, could trigger another bout of fear and loathing on all financial markets in the coming week.
Read MoreGold futures edged higher on Friday night in US trading as traders picked up on the emergence of low level concerns about Argentina and corporate debt, and the continuing tensions in Ukraine and Gaza.
Read MoreHere’s the one retail manager that Woolworths, struggling with its costly foray in hardware, should have kept.
Read MoreGood news and bad news from three of our major export markets yesterday.
Read MoreNewcrest Mining (NCM) shares took a hammering yesterday as the country’s biggest gold miner revealed a surprising second multi-billion dollar writedown in nearly 13-months.
Read MoreInsurance Australia Group (IAG) confirmed yesterday that the warm dry weather across much of the East Coast and the absence of any large natural disasters (earthquakes, cyclones and storms floods) would generate record earnings for the year to June.
Read MoreMacquarie Group (MQG) shares fell 3% yesterday after the company surprised with a weak trading update at the company’s AGM in Sydney.
Read MoreAugust 19 is the next big date for BHP Billiton (BHP) and its tens of thousands of shareholders, large and small.
Read MoreBKI Investment (BKI), a listed investment company (LIC) associated with the Brickworks-Washington H South Pattinson group of companies dominated by the Millner family, has joined the list of LICs reporting solid results for the year to June 30.
Read MoreThe Reserve Bank of New Zealand has imposed another check to the possibility of an inflation break out across the Tasman with its fourth rate rise this year this morning.
Read MoreWell, with the frothing and fretting about inflation after yesterday’s June quarter Consumer Price Index data, there’s one forecast that can be easily made about inflation – that one is that there will be a sharp fall in the next CPI for the current September quarter.
Read MoreBHP Billiton (BHP) reported record figures for four commodities, including iron ore and coal, two of its staple products, and 12 of its global mining empire, according to the June quarter and financial year operations report released this morning.
Read MoreListed investment company, AMCIL (AMH), has sold its holdings in some of the biggest companies on the ASX, such as the ANZ and Woodside to refocus its investment portfolio on small to medium stocks.
Read MoreNetflix, the video streaming service that’s changing the world of broadcast media, has had a very profitable second quarter.
Read MoreFive years of market reporting and disclosures by gold miner Newcrest Mining (NCM) will be probed in court if a class action launched by a listed law company makes it to court.
Read MoreOil Search (OSH) yesterday released its second-quarter production report, and investors liked what they saw. The report shows the company, like rivals Woodside (WPL) and Santos (STO), is benefitting from an upturn in production and prices for some products.
Read MoreAustralian Foundation Investment Co (AFI), the country’s biggest listed invest company (LIC) has started the process to boost its war chest for the coming year as it searches for new investment opportunities.
Read MoreThe damage done to the revenues of iron ore exporters by the global slump in prices in the June quarter was there for everyone to see in yesterday’s production and exploration report for the three month period from Arrium (ARI), which ships ore from its mines near its steel plant in Whyalla, South Australia.
Read MoreShares in stricken drilling contractor, Boart Longyear (BLY) surged (yes surged) yesterday after the company’s credit rating was again downgraded – this time by Standard & Poor’s.
Read MoreAustraland (ALZ) was again the first real estate investment trust to produce an earnings report for the June 30 period yesterday, and it will probably the last time its occupies that industry- leading position on the ASX with the $2.5 billion takeover by a Thai-controlled Singapore company heading for success.
Read MoreDon’t expect the Reserve Bank to be moved by the first significant June quarter Consumer Price Index due for release on Wednesday.
Read MoreThe June quarter and financial year inflation data will dominate local business and economic news this week, while offshore there’s the continuing tensions over the downing of MH17 and the invasion of Gaza by Israeli armed forces.
Read MoreCrude oil futures fell a touch on Friday amid continuing international tensions about the shooting down of MH17 and the Israeli invasion of Gaza saw heightened concerns about supply disruptions which in turn kept a floor on prices.
Read MoreFor all the drama and tragedy surrounding the shooting down of MH17, financial markets ended the week in good shape.
Read MoreSantos (STO) has joined Woodside (WPL) in revealing a sharp rise in revenues.
Read MoreShares in Cardno (CDD), the infrastructure and environmental services consultancy, dipped 3.2% yesterday after the company revealed a downgrade to its earnings guidance for the 2013-14 financial year.
Read MoreDjerriwarrh Investments (DJW), the second of the listed investment companies based in Melbourne and linked to the old JBWere stable of companies, yesterday produced a solid 2013-14 result, with a profit rise of nearly 21% after tax and a final dividend of a steady 16c a share. That takes dividend for the full year to an unchanged 26c a share.
Read MoreHigher gas prices along with higher volumes of oil (and higher oil prices) sold helped to offset a lower level of shipments for Woodside Petroleum (WPL) in the June quarter and for the first half of the year.
Read MoreIf Rupert Murdoch wants to cap his career as a media mogul by grabbing control of rival Time Warner, he will have to bet the company, including the family’s control over it, to succeed. Time Warner has rejected the $US80 billion cash and shares offer from Murdoch’s 21st Century Fox because the equity on offer from Fox consists of non-voting A class shares – the ones the Murdoch family have all but rejected.
Read MoreWorld markets went to risk off overnight, sending prices lower in Europe and the US after the shooting down of a Malaysian Airlines jet over eastern Ukraine and the launching of a ground invasion of Gaza by the Israeli military.
Read MoreBuried by all the hoo-ha about Rupert Murdoch’s $US80 billion bid for Time Warner was a smaller, but just as significant move in Britain overnight by US cable mogul, and Murdoch nemesis, John Malone, who is the only person to have taken Murdoch to the cleaners in an $US11 billion bit of greenmail in late 2006.
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