Herald Sun Business
- + Europe debt worries dent shares—STOCKS were lower at noon, with financials and miners dragging down the market and after US stocks fell on fears relating to European debt levels. [Li...
- + Borrowing for homes up in July—HOUSING finance commitments for owner-occupied housing rose 1.7 per cent in July, seasonally adjusted, to 47,511, new official figures reval. [Link to...
- + Damp market for new politics—THE share market followed Wall Street lower in opening trade, as the nation's first minority government since World War II prepares to begin operation...
- + Fosters rejects $2.7b wine offer—FOSTER'S Group has received and rejected a non-binding proposal to buy its Treasury Wine Estates wine assets for $2.3 billion to $2.7 billion. [Link t...
- + Business presses Gillard for reform—BUSINESS leaders are calling on the new Federal Government not to lose sight of the need for bold reform to buffer the economy. [Link to media]
- + Finger back on rates trigger—AN INTEREST rate rise could be on the political agenda after a signal to borrowers not to get too comfortable. [Link to media]
- + Telstra's in eye of the storm—NOW that we have a minority government, the question for investors is which stocks will benefit and why. [Link to media]
- + Miners look to tax summit—AUSTRALIA'S junior miners have urged the Gillard Government to restore investor confidence in the nation's resources sector. [Link to media]
- + Shell denies Woodside takeover—ROYAL Dutch Shell says it's not preparing to take over Woodside Petroleum Ltd. [Link to media]
- + Market recovers after Labor shock—THE share market has finished flat after rebounding from intraday lows following news the Labor Party would be returned to power. [Link to media]
- + Freeze brings relief for homeowners—HOMEOWNERS can breathe a sigh of relief after the Reserve Bank left the cash rate on hold for the fourth consecutive month. [Link to media]
- + Stocks falter briefly on ALP win—THE share market dropped sharply once it became clear independent MP Rob Oakeshott would join Tony Windsor in supporting the Gillard Government. [Link...
- + RBA explains why no rate change—HERE is the official statement from RBA Governor Glenn Stevens on why the bank's board decided to leave the cash interest rate unchanged on 4.5 per ce...
- + World hungry for our wheat—AWB says drought in Russia and weather damage in Europe has helped lift interest for Australian wheat, which is likely to be a bumper crop. [Link to m...
- + Gold miner to concentrate wealth—GOLD miner St Barbara is proposing to consolidate its share base, in a bid to attract international institutional investors. [Link to media]
- + Market plays waiting game—THE sharemarket was flat at noon, with investors cautious ahead of an interest rate announcement and an indication on which political party will rule....
- + Axe finally falls on Willmott—THE long-delayed collapse yesterday of Willmott Forests signals the ultimate demise of a tax avoidance industry hit by high-profile corporate crashes....
- + Woolies weighs $900m anchor—A PLAN by Woolworths to sell a $900 million chunk of its shopping centre portfolio will test the strength of the commercial property market. [Link to ...
- + Insurers cool on disaster liability—INSURERS have rushed to reassure investors that they can easily manage their exposures to a repair bill above $1 billion for the weekend's natural dis...
- + Big Mac profit shrink—MACQUARIE Group has taken the knife to its first-half profit estimates, blaming weak global conditions for flagging revenues. [Link to media]
- + Economists tip no rate rise today—MOST economists spoken to by the media expect the Reserve Bank board to leave the cash rate unchanged for a fourth straight month at 4.5 per cent. [L...
- + Economists tip no rate rise tomorrow—MOST economists spoken to by the media expect the Reserve Bank board tomorrow to leave the cash rate unchanged for a fourth straight month at 4.5 per...
- + Market rises across most stocks—BROAD-based gains have pushed the share market higher to noon, with solid gains for most financial and mining stocks. [Link to media]
- + Lynas boasts more rare earths riches—SHARES in Lynas jumped after the rare earths mine developer announced a large increase in the estimate for its Mount Weld project near Laverton in WA....
- + New Cougar moves to get coal-gas going—COUGAR Energy will install more monitoring wells at its Kingaroy coal gasification project in a bid to have its pilot plant In Queensland reopened. [L...
- + Woolies $900m property change—WOOLWORTHS plans to offload $900 million of its retail sites from the company's property portfolio. [Link to media]
- + Job ad mix shows confidence—BUSINESSES appear confident about the economic outlook, with job ads rising 2.6 per cent in August and 36 per cent on a year ago, a survey shows. [Lin...
- + Aevum slams Stockland offer - again—AEVUM has reiterated that shareholders should reject a takeover offer from Stockland, describing the bid as inadequate, opportunistic and unsolicited....
- + Zambian backflip bonus for BHP Billiton—THE Zambian government has reversed a decision to cancel BHP Billiton's Mumbwa prospecting licence, which it cancelled last Wednesday. [Link to media]
- + Inflation needs checking, says survey—INFLATION is heading to the upper end of the RBA target band after rises in alcohol, tobacco and fruit and vegetables, a survey shows. [Link to media]
- + Macbank makes big profit downgrade—MACQUARIE Group shares slumped today after it forecast that first half profit will fall 25 per cent because conditions in most markets have been weak....
- + Earth, wind and flood claims mount—VICTORIA'S floods and Christchurch's earthquake may cost Australian insurance companies $1 billion. [Link to media]
- + Aussies at breaking point—NOT only do many Aussies not have enough superannuation but they are unhappy about the management of what they do have. [Link to media]
- + Doubts on bank profits—AUSTRALIA'S major banks are careering towards a "tipping point" that could see billions wiped from their profits. [Link to media]
- + Qantas forced to pay—QANTAS will be forced to pay upwards of $40 million to thousands of Australian travel agents it short-changed. [Link to media]
- + Nufarm in firing line—A COCKTAIL of damaging elements has wiped almost 14 per cent off the share price of fertiliser manufacturer Nufarm this week. [Link to media]
- + A recipe for disaster—FIRST homebuyers should have a savings history, an understanding of their mortgage and must be able to make the payments on it. [Link to media]
- + Market completes a strong week—THE Australian share market ended the week with a third successive gain after stocks rose marginally today. [Link to media]
- + Qantas loses court challenge—QANTAS may be forced to pay back millions of dollars in commissions to travel agents after it failed in a bid to overturn a court ruling. [Link to med...
- + Nufarm may face class action—NUFARM is likely to face a class action from shareholders alleging that it engaged in misleading conduct relating to profit forecasts. [Link to media]
- + Qantas affirms two-airline strategy—QANTAS says global operating conditions have rebounded, but the aviation industry remains challenging and potentially volatile. [Link to media]
- + Market follows Wall St higher—THE Australian stock market opened higher today after more gains on Wall Street overnight. [Link to media]
- + Super gripes surge—FORMAL complaints about superannuation have jumped again, up almost 14 per cent in the past three months to their second highest level on record. [Lin...
- + Profit envy spurs Coles comeback—THREE years into the Coles turnaround, Wesfarmers boss Richard Goyder is still not keen to draw comparisons with Woolworths. [Link to media]
- + Trade well to the fore—A SHARP drop in one of the nation's key exports wasn't enough to stop Australia banking a fourth straight monthly trade surplus. [Link to media]
- + Warne-Packer to spin poker gold—IT is a pair of aces you wouldn't dare bet against - Shane Warne going into business with gambling kingpin James Packer. [Link to media]
- + Groves to hit broker for $10m—EDDY Groves demands $10 million from his broker over a failed share transaction he says cost him his helicopter and a luxury yacht. [Link to media]
- + Global sales down for Jacob's Creek—JACOB'S Creek has seen a slump in global sales in the last financial year, as it tries to establish a position as a premium drop. [Link to media]
- + New cards offer speedy shopping—MILLIONS of Australians have been issued with "speed shopping" credit cards with no need to swipe, sign or punch in a PIN. [Link to media]
- + Macau win for Packer—IT SEEMS James Packer's foray into China's gambling enclave could yet come up trumps for the Australian casino tycoon. [Link to media]
- + Native owners to fight Barnett land order—WA Premier Barnett's move to compulsorily acquire land for a Woodside gas precinct risks destroying the project, the Kimberley Land Council says. [Li...
- + Cougar to meet Bligh Govt—COUGAR ENERGY - embroiled in a water contamination scare - will discuss with Queensland environmental authorities what it would take to lift a b...
- + Second day of solid gains—THE Australian share market has posted a second successive day of good gains with all sectors showing strength. [Link to media]
- + Rio opens new Pilbara iron ore mine—RIO Tinto Ltd has officially opened its $US1.5 billion Brockman 4 iron ore mine in Western Australia's Pilbara region. [Link to media]
- + WA seizes land for Woodside plant—WA Premier Colin Barnett will act to forcibly acquire Kimberley land for Woodside's LNG precinct despite objections of many Aboriginals. [Link to medi...
- + Poor export figure calms economic joy—A SHARP drop off in exports to China led to a worse than expected trade report for July, economists say. [Link to media]
- + Greens to act on land use—THE Greens will seek to amend federal environmental powers to ensure the mining boom in Queensland does not affect groundwater and agricultural land. ...
- + Mosaic may go for AGL offer—OIL and gas explorer Mosaic Oil NL says it has received an independent expert's report that supports the takeover offer made by AGL Energy Ltd. [Link ...
- + Foster's loses numbers man—FOSTER'S Group chief financial officer Angus McKay has resigned from the beverage company to join ports and rail operator Asciano Group. [Link t...
- + Blowout in super shortfall—ALARMING new figures show Australians are far less financially prepared for retirement than previously thought. [Link to media]
- + We're on the up, up and up—THE share market surged more than 2 per cent and the dollar broke through US90c yesterday as official data revealed Australia has recorded its stronge...
- + King tells of rock before MFS rolled—THE former chief executive of MFS hosted an Elton John concert and drank with friends as his company struggled to repay a creditor. [Link to media]
- + Faltering coal-gas firm blames Bligh Govt—A GLOBAL energy company says the Queensland government has mishandled a contamination scare that could result in the demise of Cougar Energy. [Link to...
- + Swan claims growth credit—TREASURER Wayne Swan has claimed credit for strong growth figures with June quarter GDP up by 1.2 per cent - and 3.3 per cent for the past year. [Lin...
- + James Hardie hit with $380m back tax—JAMES Hardie has lost its dispute over a tax office assessment that could cost it more than $380 million and empty its asbestos compensation fund. [Li...
- + Bendigo in share buy-back—BENDIGO and Adelaide Bank will buy back up to 3.4 million shares on market as it moves to manage its capital base more efficiently. [Link to media]
- + Economic growth boosts market—THE share market closed at its highest finish in three weeks after gaining two per cent on strong economic growth, which buoyed investor sentiment. [L...
- + Barnett pressures locals—WA Premier Colin Barnett must stop bullying Kimberley Aboriginals with threats to compulsorily acquire land for a gas hub, the state opposition says. ...
- + Jetset allowed to merge with Stella—STELLA Travel Services and Jetset Travelworld will be allowed to merge, the competition watchdog says. [Link to media]
- + Growth hits big 3.3 pc for year—GROWTH has exceeded expectations for the Australian economy with GDP for the June quarter up by 1.2 per cent - and 3.3 per cent for the past financial...
- + Nufarm starts debt pay back—AGRICULTURAL chemicals supplier Nufarm Ltd has maintained its annual profit guidance but says its net debt will be higher than an earlier estimate. [L...
- + Leighton takes Dubai Daman work—LEIGHTON Holdings has finalised a $220 million contract with UAE's Daman Investments to complete its major project at Dubai International Financial Ce...
- + Banks, miners open upward—THE national share market opened higher today as local investors ignored a mixed lead from Wall Street overnight. [Link to media]
- + Bustling time at Tulla—MELBOURNE Airport has reported a 6 per cent boom in international passenger arrivals during the past year, lifting the number of incoming passengers t...
- + Bush whacked by jet sale—REGIONAL Australia is bracing for yet another blow with Virgin Blue planning to sell its smallest Embraer jets because of heavy losses on their routes...
- + Indicators to good economic health—AUSTRALIA'S trade deficit is shrinking at its fastest pace in years and consumers are finally returning to the shops. [Link to media]
- + Potash dumps on BHP tactics—BHP Billiton has been accused of playing dirty in its $US43 billion hostile bid for Canadian fertiliser heavyweight PotashCorp. [Link to media]
- + Rent hikes cripple small retailers—SMALL retailers are being held to ransom by their landlords, the nation's peak retail body claims. [Link to media]
- + AMP email attacked—AMP has been accused of leaking an internal email by chief executive Craig Dunn in a push to destabilise NAB's bid for AXA-Asia Pacific. [Link to medi...
- + Mortgage lending slows—MELBOURNE-BASED banks are growing their mortgage books nearly twice as quickly as their Sydney counterparts. [Link to media]
- + Market down on global uncertainty—THE stock market went lower on uncertainty over the US economy early today and stayed there despite positive economic figures for Australia. [Link to ...
- + Moody's forecast 3-speed Australia—MOST of corporate Australia should maintain stable credit ratings in 2010-11 but conditions will remain choppy for retailers, airlines, builders. [Li...
- + Economy's bonus raises rates bogey—RETAIL trade at current prices rose 0.7 per cent in July as building approvals and balance of payments figures also greatly exceeded expectations. [Li...
- + HP battle Dell for data firm—HEWLETT-Packard's board has authorised the repurchase of $US10 billion ($A11.1 billion) in shares as it battles Dell for the data storage company 3Par...
- + Distrust drives DIY online trading—GROWING distrust toward funds managers after the GFC helped drive an 8.3 per cent rise in the number of online share traders to a record 650,000. [Lin...
- + Double dip hard to judge, says RBA—THERE is a risk the world will fall into a double dip recession, but its likelihood is hard to quantify, the Reserve Bank of Australia says. [Link to ...
- + Centro Properties begins restructure—CENTRO Properties Group has posted a $652.7 million annual loss as it continues to address debt issues and works to simplify its business model. [Link...
- + Big four facing heat on deposits—THE profit margins of Australian banks are falling as costs rise and competition for deposits and other funding intensifies. [Link to media]
- + Banks and market lead market higher—THE Australian share market closed firmer today as local banks and resource stocks followed a firm lead from Wall Street. [Link to media]
- + Centro Retail back in profit—CENTRO Retail has returned to profitability as property values stabilise, but a restructure of the group remains a stumbling block. [Link to media]
- + Newcrest takes the reins of Lihir—NEWCREST Mining has officially taken control of Lihir Gold, with Lihir's CEO being handed a golden parachute worth millions. [Link to media]
- + Profits point to strong growth—UPDATE 2.23pm: A SURGE in company profits points to strong economic growth but increases the chance of an interest rate rise. [Link to media]
- + Transfield wins Caltex contract—TRANSFIELD Services has won a contract to expand Caltex Australia's fuel terminal at Port Hedland in Western Australia's north-west. [Link to media]
- + Jetstar to increase flight numbers—LOW-COST carrier Jetstar will increase the number of flights it runs from Melbourne to Sydney. [Link to media]
- + Scarce cash to hit home—BANKS will have to pass on rising costs or accept lower profits in the next decade as funding becomes a "scarce commodity". [Link to media]
- + Qantas fires back—QANTAS has hit back at rival Virgin Blue's grab for a bigger share of the high-yield business market with a plan to ramp up Jetstar services. [Link to...
- + Glittering prize for miners—HIGHER prices spurred big rises in Australian gold production and earned miners about $11 billion last year, a new industry survey shows. [Link to med...
- + Stock confidence boosted—THE latest profit season ends tomorrow with many of the top Australian companies cashed-up and ready to expand. [Link to media]
- + Flight costs set to tumble—MORE low cost flights for Victorians flying interstate are to be released at Qantas and Virgin Blue battle for our travel market. [Link to media]
- + Harvey predicts minimal growth—GERRY Harvey says times are tough for retailers and he doesn't expect things to improve any time soon. [Link to media]
- + Banking mergers rile consumers—AUSSIE consumers believe the big banks have too much power and should be restricted from buying out other companies. [Link to media]
- + How to buy happiness—MANY of us want loads of money to afford truckloads of stuff. But after the spending, how happy are we and for how long? [Link to media]
Last new 8/9/10 4:35pm.
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