Telcos, miners drag market lower
Telcos and miners led falls on the ASX, while Transurban surged on takeover manoeuvres and the department stores battled it out on sales.
Overall, the All Ordinaries index slipped 28 points to...
ABC Business News -
Thursday November 5, 2009, 6:00 pm
Myer not outdoing us: David Jones boss
David Jones Ltd chief executive Mark McInnes says he doesn't believe the department store group has been outdone by rival Myer Holdings Ltd, after both companies released their first quarter...
AAP -
Thursday November 5, 2009, 1:09 pm
Economic signs still good
The Tasmanian Government says the latest retail trade and building approval figures show the continued resilience of the state's economy.
There has been a recovery in the number of new homes...
ABC Business News -
Thursday November 5, 2009, 9:00 am
Retail Sales Down, Building Approvals Up
The surprise fall in September's retail sales took some in the market by surprise and seems to have taken some of the steam out of the 'rate rise for Christmas' clamour that was around...
Australasian Investment Review -
Thursday November 5, 2009, 8:08 am
British retailer Marks&Spencer in brand shake-up
LONDON (AFP) - Marks and Spencer will for the first time sell grocery and household products featuring top brand names across all of its British stores alongside its own branded goods, it said on...
AFP Finance News -
Thursday November 5, 2009, 4:56 am
Aussie dlr off lows after retail data disappointment
* Aussie recover from lows, helped by short covering
* Weak Sept. retail sales dims chance of Dec rate rise
* Bond futures ease, tracking losses in Treasuries
SYDNEY, Nov 4 (Reuters) - The...
Reuters Finance News, Australia -
Wednesday November 4, 2009, 5:33 pm
Sales in line with outlook despite dip
An unexpected dip in retail sales is a reminder that the economy is still struggling to gain traction, but not a sign that it is hopelessly bogged.The value of retail turnover fell by 0.2 per cent in...
AAP -
Wednesday November 4, 2009, 4:13 pm
Retail data falls as cash stimulus fades
Weaker discretionary spending dragged retail sales lower in September as the stimulus from the federal government's cash payments receded.The result is likely to encourage the Reserve Bank of...
AAP -
Wednesday November 4, 2009, 3:59 pm
Big Four banks have turned corner: PwC
PricewaterhouseCoopers (PwC) says Australia's big four banks have turned a corner toward positive earnings growth but will depend upon higher retail deposit volumes and margins to maintain...
AAP -
Wednesday November 4, 2009, 3:19 pm
Services sector moves into the black
Activity in the services sector has expanded into the black for the first time in 19 months, as more Australians consume retail goods and recreational services.The Australian Industry...
AAP -
Wednesday November 4, 2009, 1:58 pm
Australia shares turn negative; retailers dip
(Adds retailers)
WELLINGTON, Nov 4 (Reuters) - Australian shares reversed
early gains to dip 0.3 percent lower on Wednesday, as
supermarket chains dipped on weak retail sales data.
The benchmark...
Reuters Finance News, Australia -
Wednesday November 4, 2009, 1:45 pm
Retail fall cuts December rate rise chances
September retail sales have posted a surprise fall that has increased financial market speculation that the Reserve Bank may wait until February before raising rates again.
The official...
ABC Business News -
Wednesday November 4, 2009, 1:31 pm
Aussie dips as retail data dims chance of Dec hike
__________AUSTRALIAN CREDIT/FOREX (0130 GMT) SNAPSHOT__________
FOREIGN EXCHANGE (against previous Sydney close) AUD=
0.9008/10 (0.9021/26) AUDNZD=R1.2522/31 (1.2487/05)
AUDJPY=R 81.27/32 (81.41/48)...
Reuters Finance News, Australia -
Wednesday November 4, 2009, 12:51 pm
Rates Up, As Predicted
While the Reserve Bank followed form and lifted its key interest rate by 0.25% to 3.50% yesterday, there's a tip of another kind from the post meeting statement: watch the impact of the...
Australasian Investment Review -
Wednesday November 4, 2009, 8:41 am
West Australian Newspapers Still Doing it Hard
Tough times continue in the media sector, despite the market lifting share prices for major players in anticipating of a return to the good old days. The Kerry Stokes-dominated West Australian...
Australasian Investment Review -
Wednesday November 4, 2009, 8:40 am
