Shareholders in travel group Flight Centre have shared in the boom in Australian's flying overseas in increasing numbers to take advantage of the higher Australian dollar.
In new research released today, it was revealed that 44% of new recruits are falling short of employer expectations.
By Greg PeelThe Dow rose 322 points or 3.0% while the S&P gained 3.4% to 1162 and the Nasdaq jumped 4.
- Slowest rate of retail turnover growth will not remain in place forever, argues BIS Shrapnel- New report suggests solid returns should be achieved despite touch conditions- Improvement in consumer spending to help boost returnsBy Chris ShawThe current economic environment has resulted in the slowe...
U.S. stocks surged Tuesday as another dose of bleak economic data raised hopes that the Federal Reserve will take additional measures to stimulate the economy.
Economic volatility has delayed CUA's re-entry to the broker market, the mutual has indicated.
By Rudi Filapek-VandyckChina's manufacturers continue operating under tough circumstances, but minor improvements seem to be on the cards.
- Fortescue result meets consensus expectations- Cost guidance increased, earnings forecasts trimmed- Production guidance maintained, brokers factor in some slippage- Buy ratings continue to dominateBy Chris ShawFull year underlying earnings for iron ore play Fortescue Metals ((FMG)) came in at US$1...
It was a telling contrast, the day BlueScope Steel cuts 1,000 jobs, closes two steel plants and reveals a loss, including write-downs totalling $1.05 billion, its smaller competitor, OneSteel reveals plans to spend another half a billion dollars expanding its iron ore export business.
Despite another fall in global markets on Friday, the Australian market looks like steadying today.
By Greg PeelInterest in the spot uranium market has been quietly drying up week by week confirming earlier feedback provided by industry consultant TradeTech.
- Super Retail delivers standout result- FY12 trading has also started solidly- Improved value implies upside, ratings upgradedBy Chris ShawSuper Retail Group ((SUL)) has managed to buck the weak retail trend in Australia, delivering a 46% increase in FY11 net profit to $55.
U.S. stocks registered slim gains Monday in another choppy session as bargain hunting investors scrounged for buying opportunities after four straight weeks of sharp losses.
- Asian growth drives solid Blackmores result- More of the same expected in coming years- Credit Suisse upgrades to a Buy on valuation groundsBy Chris ShawVitamins and supplements distributor Blackmores ((BKL)) delivered what the market viewed as a solid full year result, net profit increasing by 12...
(This story was originally published on Wednesday, 22th August, 2011. It has now been repeated to make it available to non-paying members at FNArena and to readers elsewhere).
The Spanish Government has announced that it will temporarily cut the sales tax on new house purchases in order to boost activity in the construction sector.
The Australian Dollar appeared to have tired during the Asian session on Friday, consolidating in range-bound trade between 1.0320 and 1.0380.
U.S. stocks closed lower Friday and notched their fourth straight losing week, as investors continued worrying about a potential global recession and the health of the European banking system.
We have a long list of events and data including Australian profits, US economic growth, Fed chairman Ben Bernanke, stockmarket confidence and the appearance of RBA Governor, Glenn Stevens on Friday.
- Adelaide Brighton interim report meets expectations- Earnings guidance seen as conservative- Ratings upgraded post the resultBy Chris ShawThe market had been expecting interim earnings from Adelaide Brighton ((ABC)) of around $62 million and this was the result delivered by management.
After peaking above $US1800 an ounce last week, it slipped well below that, only rise 1.5% to end Thursday around $US1,828 an ounce Thursday as fears continue to burble on about Europe.
MetaQuotes officially released a new version of its MetaTrader 5 iPhone platform app for mobile trading. With the new version, in addition to broadened trading opportunities, forex and stock traders will receive full technical analysis features.
Images of periled polar bears sinking into arctic seas because of melting polar ice caps have become an iconic symbol of the devastating consequences of so-called global warming.
Recent discounting moves by lenders are "acts of desperation", and will eventually disadvantage brokers and borrowers, a top broker has stated.
By Greg PeelThe Dow closed down 419 points or 3.7% to 10,990 while the S&P fell 4.5% to 1140 and the Nasdaq dropped 5.
- Mermaid Marine delivers strong profit result- Brokers expect more growth in FY12 as oil and gas activity expands- RBS upgrades to a Buy rating on valuation groundsBy Chris ShawProfit for FY11 of $43.
US consumer prices rose by a surprising 0.5pct in July. Over the year the headline measure rose by 3.6pct largely due to the sharp rebound in gasoline prices.
Asian stock markets ended lower Thursday as worries about the global economic outlook trumped the bargain appeal. Japan's Nikkei Stock Average fell 1.3% to 8943.76, its lowest finish since March 15.
MARKET CLOSE
(4.30pm AEST)The Australian sharemarket lost ground for the second time this week, with the ASX 200 index (XJO) falling 1.2 pts or 52.7 pts to 4251.2 while the broader All Ordinaries index (XAO) dropped 1.2 pct or 52.4 pts to 4319.4. This takes the falls for August so far to 4 pct.
- Full year earnings from carsales.com better than expected- Company remains well placed to deal with increased competition- Forecasts lifted post the result- Brokers remain unanimous with Buy ratingsBy Chris ShawConsensus forecasts for FY11 net profit for carsales.
