The sharemarket reversed an early rise as resources companies declined on uncertainty about China's growth outlook and Goldman Sachs downgraded the resources sector from overweight to neutral. High-yield and defensive sectors initially ...
Shares in Commonwealth Bank soared above $70 to a new record yesterday as the local stocks hit a 4 1/2-year high after encouraging US non-farm payrolls data suggested the world's biggest economy was recovering. Strength in defensive and ...
Tags: Shares, stocks, sharemarket
The Australian sharemarket roared back yesterday, recovering most of its 75-point loss on Monday, after a US Federal Reserve official reiterated the central bank's commitment to quantitative easing, local retail sales exceeded expectations ...
Tags: sharemarket, benchmark, Share trading value
The S&P/ASX200 is down 0.3 per cent as resources stocks including BHP Billiton, Rio Tinto, Fortescue and Oil Search are down 1.2 per cent to 2.7 per cent on commodity weakness and with ex-dividend falls today worth about 11 index points. ...
Thelocal sharemarket fell sharply yesterday as an indecisive national election in Italy raised the prospect of another sell-off in European bond markets that could rekindle the continent's debt crisis. Italy was headed for a political ...
Tags: debt crisis, economy
The sharemarket rose yesterday as defensive and high-yield stocks had broad-based gains after stronger-than-expected German business confidence data brightened the eurozone economic outlook and US earnings reports beat expectations. The ...
Tags: earnings, stocks, sharemarket
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
But passing the half-way mark of this interim profit season, we now have proof that his real error was putting a super-profits tax on the wrong industry. While profits were sliding at Rio Tinto, OZ Minerals and Wesfarmers' coal division, ...
Tags: Stocks, investment, Australia
Market sentiment was aided by news that China's Citic Resources was taking a big stake in Alumina. The benchmark S&P/ASX 200 closed up 0.7 per cent at 5036.9. This year it is up 8.3 per cent after rising 15 per cent in 2012. Trading value ...
Tags: Citic Resources, Alumina, stock market
The benchmark S&P/ASX200 index rose 33.2 points, or 0.66 per cent, to 5,036.9 points, and the broader All Ordinaries index was up 32.7 points, or 0.65 per cent, at 5,057.2 points. On the ASX 24, the March share price index futures ...
Tags: Rio Tinto, annual net loss, finance market
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
Weaker investor sentiment sent the Australian dollar to its lowest levels since October in thin trading conditions because of the Lunar New Year celebrations in Asia. The sharemarket was flat, also in thin trading, as investors remained ...
Tags: Australian dollar, October, lowest levels
Officeworks has reported a 0.3 increase in sales for the second quarter with online and B2B transactions continuing to trend upwards. Total sales for the second quarter4 were $350 million while store sales were 0.1 per cent above the ...
Tags: Officeworks, sales, second quarter
The sharemarket fell the most in four weeks yesterday after political uncertainty in Spain and Italy triggered risk aversion in global markets and domestic earnings reports mostly disappointed investors. THE sharemarket fell the most in ...
Tags: stocks, sharemarket, Australian market
Image courtesy of infotruck.blogspot.com.au.1 Wesfarmers Limited has released its second quarter retail sales results for the period ending 31 December 2012. Managing director Richard Goyder said he was generally pleased with the sales ...
Tags: Wesfarmers, retail sales, Coles, Bunnings, Kmart