Wattyl/PPT: Tough Times In Paint And Money
Paintmaker Wattyl says it was caught up in intense competition caused by the downturn in the building industry which stopped the company passing on cost increases in the year to June 30.
Companies in the News
Australian Economy
Midday Market Roundup 20/08/2008
The market is up 33. It was up 36 at the peak. Not a bad performance in the face of a 131 point fall on Wall St and a 35 point fall in the Futures this morning. Main driver was a fall in the US dollar lifting commodities, metals, oil and gold. Financials down 0.7% following the lead from the US on unrelenting credit market concerns. Resources up 2.5% with metal prices well up – nickel up 7%. Nickel stocks flying as are copper stocks.
Interest Rates To Fall Next Month
Fears that the rise in interest rates had gone too far, thanks to the extra half a per cent or more from the banks, drove the change in interest rate policy by the Reserve Bank at its board meeting on August 5.
Boral/OST: Conflicting Stories
So far this year (up till yesterday, anyway), Boral shares had outperformed the Australian market: their 3% fall compared favourably with the 21% drop in the broader market.
JBH Tops Guidance/BNB Slumps Again
Consumer entertainment and technology group, JB Hi-Fi is maintaining its forecast 2009 sales growth estimate at 19%, after reporting a 61% rise in full-year profit for 2007-08, thanks to store expansion and booming demand for its products.
Gold: NCM/LGL, Why Quitting Hedging Works
Results yesterday from gold miners, Newcrest and Lihir (See below) confirm the rightness of their decisions last year to eliminate the costly drag on earnings and their balance sheets from their extensive hedging protection.
VBA/GWA: Similar Stories, Outlook
The sharp drop in oil prices and hints of corporate activity helped push Virgin Blue shares off their awful all time lows of around 50 cents a month or so ago.
◂Previous Page
Australian Economy Next Page▸
Banking & Finance
- VIDEO: The Australian Gold Conference 2024 - Education Evening with Expert Panel
- Lithium Universe Ltd (ASX:LU7) Finalises Frankfurt and US OTC Listing
- ISX Financial Reports Strong Q2 2024 Results, Highlighting Robust Growth and Innovation
Social Media
