Greatland Strike Adds Fuel To Rio Rumours
Has a massive new gold/copper discovery been made in the Eastern Pilbara region of WA, along with suggestions of a separate copper find by one of the world’s biggest miners?
Read MoreShares
Fletcher Building Lowers Guidance Again
Shares in embattled New Zealand building products giant, Fletcher Building (FBU) sold off yesterday after the company produced weaker than expected guidance at its 2017-18 annual meeting.
Read Morea2 Milk Toasts Chinese Consumers
Shares in A2Milk bounded ahead by more than 7% yesterday in the wake of a bullish trading update at the company’s AGM in Melbourne from newish CEO, Jayne Hrdlicka.
Read MoreALS Limited Rides Resources Rebound
The rebound in global resources and in the wider economy has seen the Brisbane-based global testing giant, ALS Limited boost interim dividend by a third after lifting earnings by 30% on an underlying basis to $93.3 million for the September half of its 2018-19 financial year.
Read MoreMonadelphous, NRW Offer Differing Perspectives Of Mining Services
The vagaries of the resources sector and the servicing of it were on display in Perth yesterday for NRW and the much larger Monadelphous Group.
Read MoreEBOS Inks New Chemist Warehouse Deal
EBOS, the NZ based pharmaceutical, and pet care and food products group have picked up a $1 billion a year major drug deal for its Symbion business from the huge Chemist Warehouse Group.
Read MoreInvestors Shrug Off Last Ditch Attempt On Fairfax-Nine Deal
Fairfax Media and Nine Entertainment shares rose yesterday after Fairfax shareholders ignored a last minute attempt to destabilise the $2.8 billion deal by former Fairfax property executive, Anthony Catalano.
Read MoreMyer Shares Sink After Forced Admission Of Weak Sales
The market has finally caught up with department store chain Myer Holdings and given the shares a passing whack after last week’s confusion and obfuscation.
Read MoreViva Loses Energy On Coles, Blackout Woes
Shares in oil refining and distribution group Viva Energy lost energy yesterday after the company – which only listed six months ago, downgraded full-year earnings – produced a surprise earnings downgrade.
Read MoreGrowth Surge Sends Baby Bunting Shares Higher
Baby Bunting shares jumped sharply yesterday after the company upgraded its earnings outlook for the current half.
Read MoreA Prospecting Family, Sitting On A Literal Goldmine, Are Calling In The Professionals
What do you do if you’re a family that owns significant gold mineralisation, and you’re seeking commercial support to extract the full potential? Well, in the case of the Williams family, you turn to the expertise of PVW Resources to join forces.
Read MoreFiji Kava Taps In To The Complementary Medicine Craze
We got listed pot stocks and even a listed medicinal opium producer, so it was only a matter of time that a kava play would launch an IPO ahead of an ASX listing.
Read MoreUnemployment Rate Rock Solid In October
Unemployment data on both a trend and seasonally adjusted basis was unambiguously solid in October, according to the Labour Force report from the Australian Bureau of Statistics (ABS).
Read MoreBeer Boom Unable To Save GrainCorp From Drought
As forecast in September, GrainCorp saw a big fall in profit that was softened by a solid performance by its barley and malting businesses which continue to ride the global craft beer boom.
Read MoreREA CEO Scales The News Corp Ladder
News Corp has underlined the importance of its REA property website listings business by promoting its CEO, Tracey Fellows to run all of the company’s operations in this year from the US.
Read MoreBuffett’s Latest Investment Moves
Warren Buffett has made another major investment switch to match the surprise of his move into Apple nearly three years ago and the move into airlines two years ago.
Read MoreElders Expects Growth Despite Dry Conditions
Elders expects to still deliver 5-10% growth in operating earnings in FY19 despite a reduced summer crop and continuing dry conditions on Australia’s east coast.
Read MoreInvestors Brace As RCR Extends Trading Halt
More problems ahead for troubled engineering group, RCR Tomlinson with the company winning an extension of the trading halt in its shares until next Tuesday.
Read MoreRenovation Resilience Underpins Solid Dulux Result
Dulux Group has lifted annual dividend with a higher final payout after reporting a 5.4% rise in full-year profit to $150.7 million for the year to the end of September.
Read MoreMore Pain As Pact Group Slammed On New Downgrade
Another earnings downgrade from Melbourne-based packager, Pact Group yesterday, sending the shares on another sharp slide, this time more than 14% at one stage.
Read MoreSilver Lake And Doray Minerals Agree On Gold Merger Deal
Doray Minerals has agreed to merge with Silver Lake Resources in a $421 million all paper deal that is yet another example of consolidation in the West Australian gold sector.
Read MoreFintechs Could Challenge The Business Model Of Savings Banks
Fintechs, especially if big tech gets serious about finance, are likely to peck away over time at the oligopolistic industry structures protecting savings banks due to two key advantages.
Read MoreFederal Court Throws Out Westpac, ASIC Settlement
ASIC and Westpac now have to start a court case all over again after the Federal Court rejected the bank’s offer to pay a $35 million settlement for contravening responsible lending laws.
Read MoreRuralco Rides Out The Big Dry
Despite the drought, Ruralco shares had a different experience yesterday as the company produced figures showing it was riding out the drought and doing a bit better than expected.
Read MoreDyno Nobel Damages Incitec Pivot Profit
Shares in Incitec Pivot nearly 8% yesterday in the wake of what turned out to be disappointing full-year figures – even though final and full year dividends were boosted.
Read MoreGas To Overtake Coal As World’s Second Largest Energy Source
Increasing production and consumption of LNG will see natural gas will replace coal as the world’s second most important energy source by the mid 2030s.
Read MoreRCR Set To Join Lendlease With Earnings Dowgrade
More problems in the engineering and contracting sector yesterday – RCR Tomlinson shares were suspended yesterday on fears about its earnings, while shareholders again sold off Lendlease shares for a second day.
Read MoreElders Beats Dry Expectations
Elders’ shares have jumped sharply after the company confirmed that it’s businesses had not been badly damaged by the continuing drought across much of Eastern Australia.
Read MoreNavitas Passes On Takeover Bid
In a second set back for local buyout group BGH (See the Healthscope story), education pioneer, Navitas has rejected the $2 billion offer from the group which includes founder and current director, Rodney Jones.
Read MoreHealthscope Rejects BGH, AusSuper, Opens Books To Brookfield
Is Healthscope about to give up its battle to remain independent? It yesterday offered exclusive due diligence to Brookfield Capital Partners after the Canadian-led investor group returned to the table with a takeover offer worth up to $4.5 billion.
Read MoreAnother Way To Turn Food Into Food
A new way to be efficient in agriculture is RotoGro International’s Rotational Hydroponic Garden Systems that can save on space, water, fertilizer, and pesticides.
Read MoreLendlease Downgraded On ‘Disappointing’ $350m Provision
More pain for shareholders in Lendlease today after the shock news Friday of $350 million of impairments in its engineering and services business saw a downgrade from a lead ratings agency.
Read MoreInvestors Disappointed As James Hardie Remodels Outlook
The growing weakness in the US homebuilding market, driven in part by rising mortgage costs as the Fed lifts interest rates, has seen James Hardie haul back on its guidance for the full year triggering a big slump in the share price yesterday.
Read MoreNo Profit, No Problem For Xero
New Zealand based but ASX-listed accounting software group, Xero continues to run up losses as it builds more sales and subscribers.
Read MoreACCC Ticks Nine Takeover Of Fairfax
The Nine Entertainment takeover of Fairfax Media has been given the green light, but it won’t be happening as a $4 billion deal as many media reported yesterday and this morning – at least it will be around $3 billion.
Read MoreAPRA Eyes Higher Bank Capital Requirements
More hybrids and other issues to come from our slimming banks? That could be the outcome of a new move by APRA, the banking regulator to force banks to hold more loss-absorbing capital by 2023.
Read MoreMicrocap Managers Continue To Outperform ETF’s
Q1FY19 was a challenging quarter for microcap managers but the majority of managers navigated the market well with the average manager posting a return of +2.6% for the quarter.
Read MoreZircon Miners On The March
While resources pundits regard copper as the commodity most reflective of the world’s economic strength or otherwise, the more obscure zircon arguably is an even better guide.
Read MoreRunaway Train Derails BHP Momentum
BHP could lose iron ore exports worth hundreds of millions dollars from this week’s rail derailment.
Read MoreBega Sells Out Of Capilano Battle
Bega Cheese has abandoned ambitions to take control of Capilano and will sell its stake to a Chinese-focused consortium bidding for the honey maker.
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