Corporate Express Gets Mop Up Bid
Corporate Express Australia has copped a $1 billion mop up bid from its major shareholder, the Staples office supplies chain of the US. Staples controls 98.6 million of Corporate Express's 168...
Australasian Investment Review -
Thursday March 18, 2010, 8:47 am
AWB Shares Belted After New Profit Downgrade
Shares in AWB took a pounding again yesterday after yet another profit downgrade. The company told the ASX that it now expects profit before tax and significant items for the year ending...
Australasian Investment Review -
Thursday March 18, 2010, 8:45 am
Housing Recovering
In the US the Fed yesterday morning said US housing starts were "at a depressed level". At its late January meeting it didn't single out the crushed housing sector. In Australia...
Australasian Investment Review -
Thursday March 18, 2010, 8:44 am
Greece Fixed, Who's Next, The UK?
So it looks like Greece will be supported and stopped from defaulting on its huge debts, who will be next? Moody's, the ratings agency, says AAA rated countries like the Germany, France, the UK,...
Australasian Investment Review -
Thursday March 18, 2010, 8:42 am
AIR Midday Market Roundup
The market is up 27. The SFE Futures were up 36 this morning. Wall St. closed up 43. Closed on its high again. Dow was up 52 at best and down 20 at worst. The FOMC statement repeated that the...
Australasian Investment Review -
Wednesday March 17, 2010, 11:58 am
Rio Upbeat
A year ago the 2008 annual report of Rio Tinto was full of qualified optimism, the Chinalco shareholding, commodity prices being low, and the uncertain outlook as the global recession and...
Australasian Investment Review -
Wednesday March 17, 2010, 8:15 am
Melbourne Storm Claims, Costs Rising
The cost of Melbourne's hailstorm 10 days ago is moving past half a billion dollars, with close to 70,000 claims made to three major insurers. Insurance Australia Group with over 24,000 claims,...
Australasian Investment Review -
Wednesday March 17, 2010, 8:15 am
CBH In Demand
Struggling CBH Resources has suddenly found itself the most popular kid on the block with either the third or fourth proposal to the company in as many months for a controlling stake. Investors...
Australasian Investment Review -
Wednesday March 17, 2010, 8:13 am
LNG, Arrow Agree To Trial Split
Arrow Energy says it's still talking to Shell and PetroChina about their joint unsolicited offer. LNG Ltd says it and Arrow have agreed to a sort of trial separation, if yesterday's...
Australasian Investment Review -
Wednesday March 17, 2010, 1:11 am
Anglo beats forecast but no divi yet
<p>Shares in Anglo-American dipped in early trading following the US discount rate decision but there was good news for investors as the company reported a bigger-than expected profit in 2009...
Australasian Investment Review -
Tuesday March 16, 2010, 5:55 pm
European earnings disappoint
It was a gloomy morning in Paris as two of France’s most prestitigous names reported a slump in profits below expectations. Cement-maker Lafarge, the worlds biggest cement maker, said Friday...
Australasian Investment Review -
Tuesday March 16, 2010, 5:54 pm
Sterling battered to nine-month low
Sterling continued its fall to hit a nine-month low against the dollar on Friday as the US currency continued to gain broadly after the Federal Reserve raised its discount rate. The pound fell more...
Australasian Investment Review -
Tuesday March 16, 2010, 5:49 pm
Morrison dips on weak outlook
UK supermarket William Morrison fell 5.7p to 298.5p after painting an uncertain picture for consumer despite beating estimates with a 30% rise in profits. The UK’ s fourth largest...
Australasian Investment Review -
Tuesday March 16, 2010, 5:46 pm
Old Mutual dips on loss
Life insurer Old Mutual fell 2.9% after slumping to a full-year loss and announcing further details of a strategic shake-up. The company reported a net loss of £340m ($508 million),...
Australasian Investment Review -
Tuesday March 16, 2010, 4:53 pm
Agreement To Backstop Greece Coming?
The lingering worry that Greece will default on its billions of euros of government debt could be ended within days, according to media reports from Europe. Although Greece sold 5 billion...
Australasian Investment Review -
Tuesday March 16, 2010, 8:06 am
