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IAG takes a hit from storms
Insurance Australia Group has said it has received more than 24,000 claims following Victorian storms earlier this month.
Extract Resources mine on track
Extract Resources said that its Rossing South project in Namibia still has the potential to be one of the world’s largest uranium mines as the feasibility study into the mine continues.
Cape Lambert to sell Lady Annie for $135m
Cape Lambert Resources shares climbed Friday morning after the company said its has entered into an agreement with Hong Kong company China Sci-Tech Holdings, for the sale of its 100% interest in the L...
Cooper Energy expects flooding to impact operations
Cooper Energy said flooding in the Cooper Basin is expected to have some impact on its operations in South Australia due to roads being cut-off and oil fields being isolated.
Pharmaxis completes Phase II study
Pharmaxis announced the successful completion of a Phase IIa dose profiling study with its new anti-inflammatory agent ASM8 in patients with allergic asthma.
Leighton sub secures $463m rail contract
Leighton said its subsidiary, Leighton Asia, had been awarded a $463m contract to construct the Tse Uk Tsuen to Shek Yam section of the Guangzhou – Shenzhen – Hong Kong Express Rail Link (...
Oroton 1H profit up 24%
OrotonGroup reported a net profit of $15.4m for the six months ended 23 January 2010, an increase of 24% on the previous corresponding period.
Myer posts 38% hike in profit
Myer said its profit for the six months to 23 January 2010 jumped 38% to $115m, not including the costs of its recent IPO.
ANZ closer to Asian RBS acquisitions
Australia and New Zealand Banking Group said it has received regulatory approvals in the acquisition of the Royal Bank of Scotland’s Singapore and Taiwan businesses.
Simpson retires as Aristocrat chairman
Aristocrat Leisure announced the impending retirement of three long standing directors in an update on its board succession planning and renewal programme.
Insurance Australia Group has said it has received more than 24,000 claims following Victorian storms earlier this month.
Extract Resources mine on track
Extract Resources said that its Rossing South project in Namibia still has the potential to be one of the world’s largest uranium mines as the feasibility study into the mine continues.
Cape Lambert to sell Lady Annie for $135m
Cape Lambert Resources shares climbed Friday morning after the company said its has entered into an agreement with Hong Kong company China Sci-Tech Holdings, for the sale of its 100% interest in the L...
Cooper Energy expects flooding to impact operations
Cooper Energy said flooding in the Cooper Basin is expected to have some impact on its operations in South Australia due to roads being cut-off and oil fields being isolated.
Pharmaxis completes Phase II study
Pharmaxis announced the successful completion of a Phase IIa dose profiling study with its new anti-inflammatory agent ASM8 in patients with allergic asthma.
Leighton sub secures $463m rail contract
Leighton said its subsidiary, Leighton Asia, had been awarded a $463m contract to construct the Tse Uk Tsuen to Shek Yam section of the Guangzhou – Shenzhen – Hong Kong Express Rail Link (...
Oroton 1H profit up 24%
OrotonGroup reported a net profit of $15.4m for the six months ended 23 January 2010, an increase of 24% on the previous corresponding period.
Myer posts 38% hike in profit
Myer said its profit for the six months to 23 January 2010 jumped 38% to $115m, not including the costs of its recent IPO.
ANZ closer to Asian RBS acquisitions
Australia and New Zealand Banking Group said it has received regulatory approvals in the acquisition of the Royal Bank of Scotland’s Singapore and Taiwan businesses.
Simpson retires as Aristocrat chairman
Aristocrat Leisure announced the impending retirement of three long standing directors in an update on its board succession planning and renewal programme.
Market Watch
 12/03/2010 | Aussie shares finish week on a flat noteLocal stocks continued a common theme for the week, finishing the day near where it started. Read More |
 12/03/2010 | Market edges higher in light tradeAustralian stocks followed a positive lead from Wall Street overnight to be 0.2% higher by midday. Read More |
 12/03/2010 | Late rally sends Wall Street higherWall Street recovered at the end of a choppy session Thursday as investors weighed mixed economic data and news that China’s inflation had spiked in February. Read More |
11/03/2010 | Market edges lowerThe Australian sharemarket finished lower Thursday as losses from a few of the heavyweight miners and financials eventually outweighed strong gains seen among other blue chips. Read More |
11/03/2010 | Aussie shares edge slightly higherLocal shares paced modest rises in international markets, adding 0.1% by lunch in quiet trade. Read More |
11/03/2010 | US stocks rise on positive economic dataIn the US, the Dow continued to trade around the gain line for the third straight session in light trade. Read More |
10/03/2010 | Market flat as stocks counter one anotherThe Australian sharemarket closed the smallest margin below the gain line possible to end an eight-day winning streak. Read More |
10/03/2010 | Mixed day for the marketAussie shares were lower by lunch after retreating in late morning trade. Read More |
10/03/2010 | Wall Street edges higherGains were slim on Wall Street at the close Tuesday after an earlier rally withered away in the afternoon on the first year anniversary of the bear market low. Read More |
9/03/2010 | Local market makes it eight in a rowAussie shares closed higher Tuesday after being below the line for most of the morning and drifting lower again just after lunchtime. Read More |
9/03/2010 | Market flat on mixed morningLocal shares were little changed at lunch as the index strives to stretch gains into an eighth consecutive day. Read More |
9/03/2010 | Wall St ends quiet session flatIt was a quiet day on Wall Street Monday ahead of tomorrow’s one-year anniversary of the bear market low. Read More |
8/03/2010 | Commodity stocks lead Aussie market rallyLocal shares retreated from morning highs, as banks softened, however still finished firmly in the black. Read More |
8/03/2010 | Arrow Energy leads market higherA strong lead from Wall Street and rise in commodity prices led a rally on the Australian market Monday morning. Read More |
8/03/2010 | Jobs data boosts market confidenceWall Street rallied Friday following the release of a better than expected government monthly jobs report. Read More |
5/03/2010 | Shares extend gains to sixth straight dayThe Australian sharemarket finished the week higher after recording its sixth consecutive session of gains. Read More |
5/03/2010 | Aussie market follows solid US leadLocal shares edged higher Friday morning with modest, but broad-based gains. Read More |
5/03/2010 | US stocks higher on mixed dataA late rally on Wall Street pushed the market higher, disguising the broader trend that stocks traded close to the gain line for much of the day. Read More |
4/03/2010 | Late surge sees market close higherThe Australian stock market traded both sides of the gain line Thursday, although a late flourish saw it close 0.3% higher. Read More |
4/03/2010 | Aussie shares mixed at lunchThe Australian market had edged lower by lunch Thursday as investors concentrated on individual stocks rather than sectors as a whole. Read More |
4/03/2010 | Wall Street closes flatWall Street finished flat at the end of a day that saw the broader indices move either side of the gain line throughout. Read More |
3/03/2010 | Local shares up 0.7%The Australian sharemarket closed 0.7% higher Wednesday on the back of a strong lead from global markets and a rise in metal prices. Read More |
3/03/2010 | Metals prices and global lead send market higherAussie shares edged gained 0.8% by lunch on renewed optimism over the strength of the economic recovery as concerns about Greece’s debt burden abated. Read More |
3/03/2010 | US stocks flat after late sell offUS markets traded higher for most of Tuesday before a late sell-off saw the major indices close to where they started. Read More |
2/03/2010 | Market closes 0.3% higher as RBA lifts interest ratesDespite a jump at the start of trade, the local market spent most of the day trading in a narrow range between 4,686 and 4,709 points. Read More |
2/03/2010 | Shares flat at lunchAfter a positive start to the session following a strong lead from Wall Street overnight, the Australian sharemarket fell away to be flat by midday. Read More |
2/03/2010 | Wall Street returns to positive territory for 2010Wall Street closed higher Monday on the back of a US$35.5 billion asset sale by AIG and merger talks within the healthcare sector. Read More |
1/03/2010 | Widespread gains see market up over 1%The Australian sharemarket rallied 1.1% Monday on the back of a consistent gains among blue-chip stocks, in particular the banks and consumer staples. Read More |
1/03/2010 | Energy and resource stocks take market higherInvestors jumped into the Aussie market Monday morning, sending the broader indices 0.6% higher at lunch. Read More |
1/03/2010 | Wall Street flat on mixed dataThe release of mixed data on Friday, and through the week, saw Friday’s session bring February to close on a flat note. Read More |
26/02/2010 | Shares start and end week levelDespite a 1% rise today, the market finished virtually exactly were it started the week. Read More |
26/02/2010 | Strong earnings help local marketOn the last day of reporting season local shares edged 0.3% higher, on the back of a string of upbeat earnings from blue chip companies. Read More |
26/02/2010 | Wall St trims losses in afternoon tradeUS stocks were well below the gain line for most of the session on concerns about Greece’s debt and US economic data. Read More |
25/02/2010 | Aussie shares tumble in afternoon tradeAussie shares tumbled late in day, despite being firmly higher at lunch, with the market trading between highs and lows nearly 100 points apart. Read More |
25/02/2010 | Local stocks edge higher on Wall St leadAussie shares were up 0.5% following a positive lead from Wall Street where Fed chairman Ben Bernanke flagged low interest rates for the foreseeable future. Read More |
25/02/2010 | Bernanke comments boost Wall StreetUS stocks rallied on Wednesday as Federal Reserve chairman Ben Bernanke once again said the central bank would keep interest rates low for the foreseeable future. Read More |
24/02/2010 | Market down on energy and banking concernsAussie shares tumbled 1.5% following a sharp drop in US consumer confidence overnight, which added to uncertainty about whether current shares prices matched earnings. Read More |
24/02/2010 | Shares stumble on poor lead from Wall StLocal markets fell as a drop in US consumer confidence dampened Aussie investor sentiment. Read More |
24/02/2010 | Confidence weighs on US marketsUS markets closed lower after a disappointing consumer confidence reading highlighted the fragility of the economic recovery. Read More |
23/02/2010 | Stocks flat after late runLocal shares traded most of the day in negative territory, however a late swing to the banks and property stocks saw the market finish flat. Read More |
