Challenging business conditions for small-to medium-sized businesses dampened sales at Officeworks in the half-year to 31 December. The Wesfarmers subsidiary said it achieved “solid” earnings growth of 11.8 per cent to $38 ...
Tags: Officeworks, office supplies, office supplies division
Investors are betting the Australian market index can continue to push decisively beyond the 5000 mark for the first time in seven years as results from some of the blue-chip stocks and a rise in consumer confidence lent support to another ...
Tags: blue-chip stocks, Australia, investment
Half-year profits at Coles, Australia's second-largest retailer, increased by more than 15%, owner Wesfarmers has reported. Earnings before interest and tax from Coles for the six months to the end of December were up 15.1% at A$755m. ...
Tags: Coles, profits, second-largest retailer
US firm B&G Foods has recorded an increase in full-year profits, boosted by acquisitions and price increases in 2012. Earnings in the 12 months ended 29 December amounted to US$59.3m, a 17.9% increase on the prior year period. Operating ...
Tags: B&G Foods, full-year profits, acquisitions
Avery Dennison Corporation announced preliminary, unaudited fourth quarter and full-year 2012 results. All non-GAAP financial measures referenced in this document are reconciled to GAAP in the attached tables. Unless otherwise indicated, ...
Tags: RFID, RBIS Segment, Avery
G&K Services, Inc. reported operating results for the second quarter of its fiscal year 2013, which ended on December 29, 2012. Second quarter revenue grew by 5.6 percent to $229.2 million, up from $217.1 million in last year’s second ...
Tags: G&K Services, second quarter, 2013
The current managing director of Wesfarmers Insurance, Rob Scott, will become finance director of Coles in February. Wesfarmers’ managing director Richard Goyder said Mr Scott has performed extremely well in significantly improving ...
Tags: Wesfarmers Insurance, managing director, operational performance
PPG Industries reported fourth quarter 2012 net sales of $3.6 billion. Net income for the quarter was $227 million, or $1.46 per diluted share, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring ...
Tags: PPG, fourth quarter, 2012, net sales
The Australian cited Mr Jim Beyer CEO of Mt Gibson Iron as saying that Mount Gibson Iron is set to step up its acquisition efforts this year as the group looks to challenge the perception that it offers little earnings growth. Mr ...
Tags: Mt Gibson Iron, acquisition, earnings, mining
Market watchers predict the local sharemarket will forge further ahead this year after surging almost 15 per cent last year, the result of a second-half recovery that defied concerns about sovereign debt in Europe and the US and a Chinese ...
Tags: shares, 2013, non resource sectors, sharemarket
Tech stocks were flat Friday afternoon after earnings announcements from IT vendors this week and a government economic report offered glimpses of good news, but not enough to dispel the pall that hangs over the technology market. Apple, ...
Tags: Tech stocks, IT vendors, technology market, Apple, Facebook, SAP
The Australian reported that Arrium is considering expansions that could grow a key minerals processing business by more than 20% over the next 5 years through plants in Canada, Brazil and Peru. Mr Andrew Roberts consumables boss of ...
Big 5 Sporting Goods Corporation, a leading sporting goods retailer, reported financial results for the fiscal 2012 third quarter and first nine months ended September 30, 2012. For the fiscal 2012 third quarter, net sales increased to ...
It’s currently trading at $666.80, but Apple is going to hit $1,000 a share by January 2014, and will hit $2,000 by the end of the decade, according to a report. Writing for Bullish Cross, Andy Zaky explains why he thinks the Apple ...
Tags: Apple, iPhone, share price, Steve Jobs
An increase in the share price of software firm Sage this week has led to further speculation that the company is an imminent takeover target. Rumours about the likes of IBM and Microsoft circling the firm were rife all summer. ...