Cardno Shares Survive Earnings Revamp
Shares 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 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 MoreBy the closing bell on Friday the S&P/ASX200 gained 9.3 points or +0.17% on volume of $3.4 billion, closing at 5531.7.
Read MoreAs the day worked on, the markets started to calm down as more information over the Malaysia Airlines situation came to light. By the close the All Ordinaries Index (XAO) was up by 0.17 per cent to 5519.1 points.
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.
Read MoreKibaran Resources is emerging Tanzanian graphite producer that boasts an existing high-grade JORC-compliant resource base, Scoping Study and most importantly a binding off-take agreement with a European graphite trader.
Read MoreThere’s a misconception in the market that buying bonds means locking away your funds for a long time.
Read MoreSteven Daghlian provides a mid-session financial market update. The Australian market sees its first falls since Wednesday last week.
Read MoreBesides the full bore production and selling of its iron ore from its huge WA mines, Rio Tinto (RIO) has also revealed a considerable improvement in its copper business.
Read MoreWho would have thought that as BHP Billiton (BHP) prepares to sell off its Western Australian nickel operations that a once small exploration company appears to be on the verge of revealing a major new mining province in WA.
Read MoreChina’s economic growth accelerated in the three months to June, with quarter on quarter growth rising by 2%, up from the 1.4% seen in the March quarter.
Read MoreNow for some more facts that again tell us that the Chinese steel industry isn’t falling in a heap, as we have heard time and time again this year (and for the past three years).
Read MoreAfter opening at a 6-year high of 5559.4 points this morning, the Australian market remained steady throughout the day; the All Ords dropping slightly to 5509.9 points for a solid close.
Read MoreBy the closing bell on Thursday the S&P/ASX200 gained 3.5 points or +0.06% on volume of $4.3 billion, closing at 5522.4.
Read MoreInvestors in Australia trying to understand the interest rate securities market will often come across reference to 90 Day Bank Bill Futures. Launched in 1979, the 90 Day Bank Bill was the first interest rate futures contract to be listed outside the US.
Read MoreNote: This article was originally published on Oliver’s Insights on 16 July 2014 and has been republished with permission from the original author.
Read MoreJuliana Roadley provides a mid-session financial market update. At the open of trade the ASX 200 hit a 6 year high of 5559.4 points.
Read MoreBanks and retailers lower, but all eyes on Rio Tinto (RIO) after its strong June quarter production numbers.
Read MoreDespite the sharp fall in global iron ore prices, mining giant, Rio Tinto (RIO) kept its Western Australian iron ore production and selling machine operating at full bore in the six months to June 30.
Read MoreOz Minerals (OZL) yesterday revealed plans to boost copper production over the full year and lift waste removal operations – which saw the shares rise 18c to a day’s high of $4.49, before they turned lower and closed down 0.2% at $4.30. They had been as low as $4.215 during the early afternoon.
Read MoreWe had better than expected news from two mid level miners in Whitehaven Coal (WHC) and Oz Minerals (OZL) in their June quarter production reports released yesterday to the ASX.
Read MoreWhat are the odds that could Australia avoid an El Nino weather pattern and the associated very dry conditions, event later this year? Falling fast, according to the latest update from the Bureau of Meteorology (BOM).
Read MoreThe interim report into the Australian financial system, released yesterday, is heading down the route of recommending a significant tightening, not relaxing, of laws over superannuation advice, fees and other key rules.
Read MoreNufarm (NUF) shares sank 2.8% to $4.53 yesterday after credit rating agency Moody’s cut the company’s rating.
Read MoreThe Aussie market came under pressure within 30 minutes of the start of trade today, then thanks to a late surge, local shares higher for the second time this week. The All Ordinaries Index closed up 0.16% or 8.8pts higher; closing above 5,500 points for first time in a week.
Read MoreBy the close on Wednesday the S&P/ASX200 gained 7.6 points or +0.14% on volume of $3.1 billion, closing at 5518.9.
Read MoreThe All Ords is now only up 6 points as money come out of the banks and gold stocks.
Read MoreHere’s a trend or two that will become common to many listed investment companies (LICs) this reporting season, especially those in the old JBWere stable in Melbourne.
Read MoreOut of the blue, Singapore, which is one of Asia’s most successful economies yesterday reported a sharp slowdown in economic growth after GDP dipped into the red in the three months to June 30, thanks to a surprise slide in the island state’s large manufacturing sector.
Read MoreAnalysts had quick answers after it happened, but no one saw the surprise 2.3% fall in gold prices when it happened overnight.
Read MoreThe interim report of the Financial Inquiry headed by former Commonwealth Bank chief, David Murray, has given the Australian financial system a big tick, with no significant changes suggested for the structure and nature of the system, but one theme comes in for special and extensive comment and calls for more advice – the three interlinked areas of superannuation, retirement incomes policies and financial advice.
Read MoreDavid Jones (DJS) shareholders and South Africa’s Woolworths Ltd will have to wait until Thursday and a case in the Federal Court (not NSW Supreme Court) before the $2.15 billion takeover offer can be completed.
Read MoreThe Australian market struggled to hold on to early gains as the banks and mining stocks came under heavy selling.
Read MoreBy the close on Tuesday the ASX200 finished flat on volume of $3 billion, closing at 5511.3.
Read MoreJuliana Roadley provides a mid-session financial market update.
Read MoreAnother big week ahead for Australia, with key economic data from China, the Reserve Bank minutes, and the interim report of the inquiry into the financial system chaired by former Commonwealth Bank boss David Murray.
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