Recession On The Doorstep, Knocking
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Companies in the News
Australian Economy
NAB Earnings Down/Macquarie On Negative Watch
The financial and economic volatility has forced the National Australia Bank to bring forward its 2008 earnings report 10 days to next Tuesday, and seen the bank confirm that earnings will be lower.
Woodside, Macarthur Look Up
The collapse in the world price of oil hasn't had much of an impact on Woodside Petroleum.
CSR Guides To A Flat Outcome
Once again CSR has downgraded earnings: the diversified sugar and building products group is a serial offender as now there have been downgrades in each of the last three years.
Ten Earnings Down
Usually the Ten Network releases its half yearly results to the market, sends them out via email and has a press conference at which chairman Nick Falloon, TV boss, Grant Blackley and head of the outdoor business, Gerry Thorley explain the figures.
Midday Market Roundup 16/10/2008
The market is having a horrid day – down 217 or 5.1% - on the back of heavy falls on Wall Street overnight. The SFE Futures predicted a 301 point fall this morning. All sectors well down, resources underperforming – down 9.4% - led by the big boys BHP down 9.8%, Rio Tinto down 13.7% and Fortescue Metals down 10.4%. 54 stocks among the All Ords have hit fresh yearly lows.
Stockland's Second Play In A Week
Property developer Stockland continued to go fishing amid the volatile market conditions, grabbing its second stake in three days in a listed retirement operator.
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