Nufarm: Debt Up Sharply In New Shock
Another market update, another sell off yesterday in the shares of Nufarm; it’s becoming a one way story for the agricultural chemicals group.
Read MoreAnother market update, another sell off yesterday in the shares of Nufarm; it’s becoming a one way story for the agricultural chemicals group.
Read MoreThe Australian economy has started the 2010-11 financial year on a more solid footing than many analysts and investors would have thought.
Read MoreA decidedly mixed month August, July’s gains continued into the early days, but problems emerged as doubts grew about the health of the US economy.
Read MoreThe last time Australia recorded a current account deficit as small as the one for the June quarter, we were coming out of the slowdown in the early years of last decade.
Read MoreCentro Properties and its associate, Centro Retail Trust, continue to struggle as they confront the next 12 months that look even more strained than the outlook was a year ago.
Read MoreLateritic nickel producer Minara Resources, controlled by the huge Glencore commodity trading group of Switzerland, yesterday reported a turnaround to profit for the first half of the 2010 financial year.
Read MoreBrisbane-based testing and chemicals group Campbell Brothers has blinked and has lifted its offer for Ammtec of Perth, and lowered its sights as to whether it wants total control.
Read MoreBeach Energy yesterday revealed an 87% drop in net profit for 2010, but is confident it can grow in 2011.
Read MoreYesterday was the second last day of the June 30 reporting period, so a string of losses or profit slumps were to be expected as companies held back the bad news.
Read MoreFor the second time this year, Singapore has moved to try and cool a rapidly overheating housing sector by taking a policy leaf from the current Chinese playbook, while in complete contrast, South Korea has moved to trying boost its sagging housing sector.
Read MoreBooming Asia is developing a few more growth twitches that question the sustainability of the recovery that has been holding global growth in the black for much of the past year or more.
Read MoreAs the June 30 reporting season comes to an end, how did it go and what does it mean for the outlook for rest of 2010 and into 2011?
Read MoreSlowing America, surging Britain (and Germany), slumping Japan, with news this week on Australian second quarter growth to position us amid the still solidly performing economies.
Read MoreOil prices jumped in US trading to beyond $US75 a barrel on Friday night, our time, after US Fed chairman, Ben Bernanke attempted to soothe concern about America’s slowing growth rate.
Read MoreA relief rally dominated US markets on Friday, despite Intel’s surprise warning on sales and profits which would have normally sent traders off on another selling spree, especially among tech stocks.
Read MoreSo where will we be ranking internationally after the release of second quarter growth figures this week?
Read MoreThere’s nothing like a big, rich share buyback, a higher dividend and confidence about the coming year to erase lingering thoughts among investors large and small that a major company may have lost its competitive spark in the face of a revitalised rival.
Read MoreSo where’s the evidence of the capital strike from the Rudd Government’s troubled resource rent tax brawl earlier this year, or the investment crowded out by the high federal deficit and debt?
Read MoreTonight, our time, two events will tell us a lot about the future direction of the US and global economies.
Read MoreTransport and logistics operator, Toll Group saw its shares jump 7% at one stage yesterday after it revealed a 3% rise in 2010 earnings after one off items and reported improving volumes and profit margins in its global businesses in the early weeks of 2011.
Read MoreLike Suncorp in 2009, Insurance Australia Group will have to dip into reserves to pay its full-year dividend after the insurer yesterday confirmed a July earnings downgrade and reported a miserable profit.
Read MoreWhile BHP boosted earnings and dividend significantly in the year to June, analysts and investors have to heed the caution expressed in the company’s outlook.
Read MoreAt least Suncorp Metway shares managed to hang onto some of their early gains yesterday from the released annual figures for the June 30 year that looked much sounder than those produced for 2009 and 2008.
Read MoreAnd it’s no wonder BHP Billiton has become more cautious.
Read MoreA rare sector of retailing that didn’t sink into the slough of despond in 2009-10 and that’s car bits and leisure, judging by the record result from market leader, Super Cheap Auto.
Read MoreAnd it wasn’t just the likes of Rio Tinto and BHP Billiton that enjoyed a bounce back in sales and earnings in 2010 from the losses or big profit falls of 2009.
Read MoreMuch of the fizz went out of the Fosters’ share price yesterday, despite the group producing a profit that was better than market forecasts.
Read MoreLooking at the results of leading property groups and those recent trading updates from three major banks, plus the full year figures of the Commonwealth, one common factor emerges.
Read MoreShares in Queensland-based Macarthur Coal were halted yesterday to allow the company to raise a reported $430 million in a quick capital issue after it delivered annual net profit at the top end of guidance.
Read MoreOrigin Energy is confidently expecting a solid rise in 2011 profit of up to 15%, according to upbeat guidance issued by the group yesterday.
Read MoreAs expected, earnings of Flight Centre took off in the year to June 30 as more Australians travelled overseas to take advantage of a stronger Aussie dollar.
Read MoreTelstra shares took the pounding we warned about last week yesterday in the wake of the indecisive election result and fears that the $11 billion NBN deal might be in danger.
Read MoreGlobal crude steel production continues to weaken, with July figures from the World Steel Association showing another slide in capacity utilisation across the 66 major steel producing countries.
Read MoreWith Westpac delivering its third quarter update yesterday a couple of points emerge strongly.
Read MoreAs forecast by the company, paint maker Wattyl Ltd has returned to the black as it moves closer to being absorbed by US paint group, Valspar.
Read MoreOil refiner and marketer, Caltex Australia, loves to play games with its profits, reporting them in two ways.
Read MoreEverywhere you look in the US, there seems to be unremitting gloom, even though there are some positives, such as jobs growth in the depressed car making state of Michigan and several other hard-hit areas of the US.
Read MoreSo what does the hung election mean for the economy, business and the markets?
Read MoreAmong commodities, oil prices fell for a second consecutive week and hit a six week low as the poor economic news and the surge in American oil stockpiles undermined sentiment.
Read MoreWestpac reveals its third quarter trading update this morning to complete the reports from the four big banks.
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