Woodside's Oil Price Profit Ride
Woodside cracked the billion dollar profit mark for the first time in the June 30 half as it rode oil and gas price higher and higher.
Companies in the News
Australian Economy
Services Do Well: TPI, Hastie
On Tuesday Transpacific Industries Group (TPI) told the markets that 91% of the banks involved in a $300 million-plus tranche of credit had signalled their willingness to extend it for a year from this December.
Midday Market Roundup 27/08/2008
The market is down 20. That comes on the back of a 27 point rise on Wall St and a 6 point rise in Futures this morning. Pretty quiet day today. Hard to find a feature other than the fact RIO hasn't done much on the back of what looked like great results (see below). Resources flat and financials down a touch. We are awaiting Woodside's results.
Rio's Record, Confident About China
Rio Tinto is nothing but optimistic about its future and the future for China, much like the way BHP Billiton management is optimistic about its future and the future for China.
WOW Up, But Slowing, FLT Up, But Slowing
It was to be expected that leading retailer, Woolworths would see slowing growth in 2009 after the breakneck rise in sales and earnings from 2006 and 2007 and that's that the company forecast yesterday in its latest profit statement.
Fosters Pays The Price Of Botched Wine Deals
Quite a few companies reporting yesterday had already unloaded the bad news on the market: Fosters Group, Suncorp Metway, Mirvac and Toll were the notables.
Mirvac, Valad Pay The Price Of Botched Property Deals
Another company looking for redemption from asset write downs and a change in management (started, it claims well before the proverbial hit the fan in June and July) is Mirvac, a once promising real estate player now doing it tough among the growing flock of troubled property groups.
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