Profits: Bendigo And Adelaide Bank Back On The Up
Ignore the reports that the Bendigo and Adelaide Bank has reported a 189.5% increase in full-year net profit.While on on...
Deals: ACCC Gives NAB/AXA Another Month
The long running takeover battle for AXA Asia Pacific Holdings will run for another month at least after the ACCC said i...
Australian bourse to open flat amid positive lead
The Australian share market is set to open flat on Tuesday despite a positive lead from offshore markets during the overnight session. Wall Street finished stronger and the benchmark crude oil contract settled above $US81 a barrel.
Santos expects $200m profit
Adelaide-based Santos (ASX: STO), Australia's third-largest oil and gas producer, announced yesterday it expects its net profit after tax to range from $180 million to $200m, far beyond analysts' general forecast of $152m.
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NAB Kicks Of Bank Earnings Season
Australian banking major, National Australia Bank has posted a 22 per cent rise in its third quarter cash profits, which rose to $1.1 billion, as bad debt charges fell."In the June quarter NAB delivered solid, sustainable business results, improved customer satisfaction and remained financially stro...
Village Roadshow to simplify capital structure
Australian media company Village Roadshow Ltd (ASX: VRL) has proposed to simplify its capital structure by joining ordinary and preference shares into one listed security.
Analysts focus on next year’s outlook
Analysts believe blue chips such as Commonwealth Bank (ASX:CBA), Qantas (ASX:QAN) and Telstra (ASX:TLS) will meet market expectations when they announce annual earnings this week, says a newspaper.
IG Markets Australian Market Wrap
The Australian market showed sound resolve to finish 0.6% firmer and near session highs with the materials sector leading the way
Australian share market closed in positive territory
The Australian share market closed in positive territory amid expectations of strong results from the materials sector and a good performance from energy and financial stocks.
Revised tax lets Rio resume growth plans
Global miner Rio Tinto (ASX: RIO) has been partly reassured by revisions to the federal government's controversial resource tax.
Brisbane workers union decries job losses to Chinese competitions
The Australian Manufacturing Workers Union (AMWU) said on Monday that up to 120 workers suffered job losses when a Brisbane rail factory relocated to China as the union warned that more job cuts can be expected with more manufacturing companies opting to outsource their contracts.
Resources propel Australian share market at midday
The Australian share market was higher by noon, boosted by a rally in the resources sector and optimism that the US Federal Reserve could give more stimuli to the economy after weak jobs data.
LNG project urges Eastern Star to raise $100m
Pressing on with its ambition to be one of the first Australian companies to turn coal seam gas into LNG for export, Eastern Star Gas (ASX:ESG) has launched a $100 million share placement and declared it has acquired land for a small-scale LNG processing plant in New South Wales.
Rural Bank cites lower funding costs and better interest margins in netting good profits this year
Managing to reduce the high funding costs it incurred last year, Bendigo and Adelaide Bank Ltd (ASX: BEN) subsidiary, Rural Bank Ltd reported on Monday that its full year net profit jumped by 23 percent thanks to the bank’s much better interest margins in the same period.
Whitehaven likely target of US firms
American companies First Reserve and Alpha Natural Resources (NYSE:ANR) are contemplating a $3 billion takeover of Australia's Whitehaven Coal (ASX:WHC), which has confirmed it has had a data room open to suitors for some time.
Australian housing finance declines in June
Housing finance for owner-occupied commitments in Australia slumped by a seasonally-adjusted 3.9 per cent in June, well above analysts' prediction of a 2 per cent decline.
ResMed Wide Awake
Sleep disorder group ResMed delivered a solid result according to brokers, with most remaining positive on the expectation earnings momentum will continue in coming quarters.
ACCC studies NAB proposal of AXA’s North platform divestiture
The Australian Competition and Consumer Commission (ACCC) said on Monday that it is currently studying the revised proposal submitted by the National Australia Bank Ltd (NAB) for the acquisition of AXA Asia Pacific Holdings.
Job ads edge up in July
Australian job advertisements rose in July, with both online and newspaper ads higher after three months of successive declines, according to a survey by Australia and New Zealand Banking Group Limited (ASZ:ANZ).
Watson possibly eyeing Sigma
US-based Watson Pharmaceuticals (NYSE:WPI) has not ruled out a $600 million takeover bid for Australian healthcare group Sigma Pharmaceuticals (ASX:SIP).
With more electronic goods flying off its shelves, JB Hi-Fi reveals sales growth
Electronics retailer JB Hi-Fi announced on Monday that it has achieved a 26 percent jump on its full year profit as the company predicted that overall sales for the rest of the year would slow a bit and steady at 17 percent to close down the current year.
Australian Dollar Outlook 9/8/2010
The Australian Dollar has opened this morning just under 0.9200 after breaching this level on Friday night after the market digested the release of US July non-farm payrolls that saw a decline of 131k in the month, which was more than the forecast loss of 65k.
Australian Stock Market Report
US non-farm payrolls (employment) fell by 131,000 in July, above expectations for a decline of 87,000.
World Market Overview
U.S. stocks fell modestly in a day of volatile trading Friday, after a disappointing jobs report cast fresh doubts over hopes for the U.S. economic recovery.
Daily Forex Commentary 9/8/2010
Friday's release of the RBA Monetary Policy statement swayed little from the recent central bank rhetoric with a relatively neutral document.
Bendigo & Adelaide Bank profit up 190%
Australia-based Bendigo and Adelaide Bank (ASX:BEN) has announced a 189.5 per cent rise in annual net profit and claims it has "sound reasons for restrained optimism".
Jimmy Choo on sale yet again
Celebrity shoe provider Jimmy Choo is reportedly considering a potential sale of the business floating an asking price of $A869.11 million and as reported by the Sunday Telegraph over the weekend, the company is seeking out investment banks for further determination of its business options.
Markets: Shares Close Up
American shares recovered after earlier losses on Friday in the wake of the release of poor July jobs figures.But they ...
Earnings: Buffett's Option Hit
Warren Buffett turns 80 on the 30th of this month, and as an unwelcome advance present, his Berkshire Hathaway company h...
CBA under scrutiny over expected $6bn profit
A possible record $6 billion-plus profit from the Commonwealth Bank of Australia (ASX:CBA) this week will reawaken issues that major banks are giving a boost to their bottom lines at the expense of clients.
Mixed leads for Australian share market
The Australian share market has received mixed leads from offshore markets over the weekend, with Wall Street and oil prices closing negatively, and precious metals finishing higher.
DIARY: Fed Meets, China Figures, Aust. Jobs, Earnings
A big, week for the US, China, Australia and in fact, for the global economic recovery.A series of meetings, data and ...
The Economy: RBA Sees ''Robust" Growth
Swallow hard and believe this, the Reserve Bank sees a "robust' (their description) growth rate for Australia in 2011 an...
Commodities: Wheat Down Friday, Up Overall
Wheat was the focus last week for commodity markets and for equities where commodity groups' shares rose sharply, but so...
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