Economy: Rates Decision Today
Could we get another quarter of lower than expected economic growth?
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NZ Economy Slowing In Places?
Signs of a slowdown in the New Zealand economy, just when everyone thought it was on the road to recovery?
Read MoreWarren Buffett’s Berkshire’s 2009 Result, Letter
Warren Buffett’s Berkshire Hathaway saw 4th quarter profit jump sharply, thanks to derivatives tied to the rise and fall of major stockmarkets.
Read MoreCopper To Jump, Markets End February With Gains
The copper market will be rattled by the powerful weekend earthquake that hit Chile and halted production at several major mines and ports.
Read MoreRetail: Woolies, Harvey Norman Do Better
The blind investors and the analysts in various brokerages and banks who have been down on Woolworths in the past few months, got one in the eye on Friday when the country’s biggest retailer revealed higher profits, higher margins, higher dividend and a $400 million buyback.
Read MoreEarnings Season Over: Better Than Forecast
The Australian December half profit reporting season is now essentially complete.
Read MoreNo Crash For China?
As we read lower down today, China’s economic rebound has dragged the rest of Asia back into the black.
Read MoreBoom Gathers Pace
Led by a resurgent mining sector, business investment is rebounding strongly.
Read MoreAsia Growing Again
More evidence this week of just how strong a force China has been in driving the economic rebound in the Asian region.
Read MoreCorporates: Toll, IAG, Lend Lease
Gunns’ profit drop earlier in the week was a big shocker for investors, but apart from Tasmania, it was not a big deal for the rest of Australian business.
Read MoreGold’s 2010 Outlook
The outlook for gold looks promising in 2010, according to the World Gold Council and will be underpinned by investment demand.
Read MoreStimulus Stimulates Auto Holdings
The country’s leading car dealer, Perth-based Automotive Holdings Group Ltd, showed this week that it was one of the biggest direct beneficiaries of the federal government’s 2009 economic stimulus, especially the tax breaks for car purchases for small and medium businesses.
Read MoreMaccarthur Sees Coal Upturn Coming
Queensland-based Macarthur Coal had a similar story to Woodside and other resources group: both good news and not so good, with the promise of better times ahead.
Read MoreVirgin Blue Beats Qantas
As it forecast a couple of weeks ago, Virgin Blue returned to profitability in the first half of 2009-10 and maintained annual earnings guidance.
Read MoreWoodside’s Good News-Better News Report
As expected, Woodside Petroleum suffered a sharp fall in 2009 sales because of the slump in world prices (compared to much of 2008).
Read MoreSuncorp Surprises Market
Suncorp Metway baffled the market yesterday and paid for it with a bout of selling in an overall skittish market.
Read MoreGPT Survives, Looks Forward To 2010
There seems to be life after the credit crunch and recession for GPT.
Read More2009: The Start Of Oil Search’s Transformation
Oil Search is another company about to undergo a company-changing experience.
Read MoreAmcor’s Solid Half, Now For The Alcan Impact
Amcor’s interim was a bit anti-climatic after the company-changing the deal it has just closed on which saw it buy much of the packing assets of Alcan from its willing seller, Rio Tinto.
Read MoreAPN Still Here
The return to profit by APN News & Media was widely anticipated by the market, so perhaps that’s why some investors took their profits and sold yesterday.
Read MoreAristocrat Makes Guidance
Poker machine group, Aristocrat confirmed earlier guidance of an operating profit and a loss after one off items for the December 31 2009 financial year.
Read MoreCorporates 2: Ausdrill, IiNet, Patties
Drilling services provider Ausdrill expects to deliver its best ever operational result in the first half of 2009-10.
Read MoreCorporates 1: Caltex, UGL
Australia’s largest listed oil refiner, Caltex Australia, has warned about a tough outlook, while restoring dividend.
Read MoreFairfax Resumes Dividends After Better Result
Fairfax Media will pay a modest interim dividend to shareholders, sending a message that it’s increasingly confident the tough times are behind it.
Read MoreSeven Shares Down Over Westrac Proposal
An initial thumbs down from the market to Kerry Stokes’ plan to back his Westrac business into the Seven Network and grab a controlling stake in the combined group.
Read MoreMarkets 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 MoreResults 1: Improvement Still Evident
We are now just over 50% of the way through the December half profit reporting season in Australia.
Read MoreResults 3: FMG, CEY
Iron ore miner Fortescue Metals Group has reported a sharp fall in first-half net profit despite an increase in revenue.
Read MoreResults 2: NAB, BBG, PPX
Friday saw a very mixed bag of interim reports and updates.
Read MoreMarkets Make Gains, Despite Strong Greenback
The US dollar continues to make gains.
Read MoreThe Aussie Economy In 2010
The 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 MoreCorporates: Santos, Lihir, Worleyparsons
Lower 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 MoreQantas Profit Guidance Confusion Sends Shares Lower
Unlike 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 MoreWill AMP Take Another Look At AXA?
So will the AMP have another run at AXA Asia Pacific?
Read MoreColes Pays Off For Wesfarmers
Wesfarmers produced a surprise on the upside yesterday in its 2009-10 first half profit announcement.
Read MoreCoca Cola Amatil, Dominos Report Better Results
Coca-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 MoreCSL’s Trifecta; Profit, Dividend, Shares Up
Shares in CSL Ltd, the country’s major pharmaceutical group, rose strong yesterday after a bullish outlook from the company and CEO Brian McNamee.
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