Profits: ERA; T2
Uranium producer and partly-owned Rio Tinto subsidiary, Energy Resources of Australia (ERA) did everything wanted of it on Friday in its interim report.
Companies in the News
Australian Economy
Markets: Nervy
Wall Street finished the week cautious and wondering where to go to next.
Commodities: Nickel, Oil Down
Nickel had its biggest weekly decline in London in four months as stainless-steel mills, the biggest users of the metal, said demand is weakening.
DIARY
US June quarter GDP and July employment will be released in the week ahead and both are likely to tell different stories about where the American economy is right now.
Midday Market Roundup 25/07/08
It's a horrid day – we are down 148 – after Wall Street lost nearly 300 points and the NAB announced a higher than expected provision. The announcement has sent Financials down 5.5% and the Property Trust sector down 5%. It has also put paid the financial recovery and leaves us fretting about the CBA results on August 13th.
Lion Nathan: Boag's Fizz
The acquisition of the Tasmanian brewer, J. Boag, is paying off for Lion Nathan: Australia's second-largest brewer reported a 7% growth in nine-month sales revenues and it reaffirmed its earnings guidance for the full year and for 2009.
BHP's Copper Dilemma
A major dilemma is taking shape for BHP Billiton as two vital, major copper expansion projects compete for the board's attention
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