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aap and australian associated press pty ltd.
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- CBA September Qtr Cash Earnings $1.4b
- Commonwealth Bank of Australia Ltd CBA says cash earnings for the September quarter totalled $1.4 billion, following good income growth and continued costs management.Its impairment expense charge was about $700 million for the three months ended September 30, with credit quality trends generally moving in line with expectations.Total impaired...
- News items 2009-11-09
- Stokes Says Seven's in Good Shape
- Seven Network Ltd executive chairman Kerry Stokes says the company has come through a difficult 12 months in good shape."I am pleased to report that Seven Network Limited has come through a tough 12 months for the economy, and is in good shape today," Mr Stokes told shareholders at...
- News items 2009-11-09
- Ten Says It's Positioned Well For 2010
- Television broadcaster Ten Network Holdings Ltd says it is in a strong position and media remains an exciting and relevant sector."The work done during the year to strengthen our businesses and establish momentum across the company means Ten Holdings is in a much stronger position for 2010 and beyond,"...
- News items 2009-11-09
- Owner Occupier Finance Up 5%: ABS
- Demand for home loans grew by more than five per cent in September in what appears to have been a last minute rush by first home buyers to secure the full benefit of a more generous housing grant.Owner-occupier home loans jumped by a seasonally adjusted 5.1 per cent to...
- News items 2009-11-09
- Cedenco Foods in Receivership
- Tomato processing company Cedenco Foods Australia has been placed into receivership but its processing facility will operate as usual.This comes after Cedenco Foods in New Zealand was placed in receivership.The company continues to trade pending a sale of the business.ANZ Banking Group NZ subsidiary, ANZ National Bank, said on...
- News items 2009-11-09
- Stokes Says He Has Eyes on Foxtel
- Seven Network Ltd executive chairman Kerry Stokes would like to buy Foxtel but says he doubts Telstra Corporation Ltd will ever offload its stake in the lucrative pay-TV business."Should they ever decide they wanted to, I think there would be certainly at least two very enthusiastic buyers," Mr Stokes...
- News items 2009-11-09
- NAB to Offer Amex Card Cancellation
- National Australia Bank Ltd NAB will ask customers to confirm whether they want an American Express credit card that the bank sent to them without a request.The move comes after the corporate watchdog questioned whether NAB breached the law by issuing the card without the consent of its customers.The...
- News items 2009-11-09
- Petrol Prices Relatively Stable: CommSec
- Motorists have the strength of the Australian dollar to thank for the relatively stable petrol prices, although the national average nudged up again in the past week.The Australian Institute of Petroleum's weekly report, released on Monday, showed the national average for unleaded petrol rose for a second-straight week by...
- News items 2009-11-09
- Australian Treasury Sells $A700m Bonds
- The Australian Office of Financial Management AOFM has priced $700 million of April 15, 2015, Treasury bonds at a weighted average yield of 5.4534 per cent.The Reserve Bank of Australia took up none of the offer, the AOFM said on Friday.The bonds have a coupon of 6.25 per cent.Bids...
- News items 2009-10-30
- NAB Completes Takeover of 80% of JBWere
- National Australia Bank Ltd NAB has completed the takeover of 80.1 per cent of Goldman Sachs JBWere's private wealth management business in Australia and New Zealand.Australia's biggest bank by assets announced the strategic alliance with Goldman on July 29, Melbourne-based NAB said in a statement on Monday.The wealth management...
- News items 2009-11-02
- Buying a Property 'should Not Be Scary'
- Home buyers should prepare carefully before taking out a first mortgage, a leading broker says.Buying a first home could be nerve-racking but it can also help the buyer's financial future, says Mortgage Choice senior corporate affairs manager Kristy Sheppard."Property ownership need not be scary, as long as you take...
- News items 2009-10-30
- Australian Private Credit Falls 0.2%
- Total credit provided to the private sector by financial intermediaries fell by 0.2 per cent in September, following an 0.2 per cent increase in August, the Reserve Bank of Australia RBA said on Friday.Over the year to September, total credit rose by 1.7 per cent.Housing credit rose by 0.7...
- News items 2009-10-30
- Guidance on Track: Insurance Australia
- Insurance Australia Group Ltd IAG says it's on track to deliver on its fiscal 2010 guidance after enjoying improved conditions in the first quarter.Managing director Michael Wilkins said if the positive operating conditions continue, the group expects to report an annual insurance margin towards the upper end of its...
- News items 2009-10-30
- IiNet Broadband For 8 More Communities
- Internet service provider iiNet Ltd is on track to boost its market share of fixed broadband customers by installing its network infrastructure into eight new regional communities.Australia's third largest internet services provider says existing customers in NSW, Queensland, Victoria and Western Australia will enjoy faster broadband with more quota...
- News items 2009-11-02
- Australian Vintage in Merger Talks
- Winemaker Australian Vintage Ltd AVL says it is in preliminary talks with US-based Constellation Brands Inc CBI on merging their Australian and UK wine operations.AVL said on Monday the discussions were focusing on a possible merger of CBI's Australian and UK wine operations with AVL in exchange for a...
- News items 2009-11-02
- Macquarie's Boom Days Ending: Analyst
- Macquarie Group Ltd is transforming into a traditional investment bank whose share price is unlikely to return to its $97 peak for years, a banking analyst says.Axiome Equities' Brett Le Mesurier said the "Macquarie model", built on infrastructure investments during the credit boom, is disappearing, and with it the...
- News items 2009-11-01
- Name Change For Peak Stockbroking Body
- Australia's peak stockbroking industry body has celebrated its 10-year anniversary with a name change amid turbulent times for its members.The Securities and Derivatives Industry Association on Sunday became the Stockbrokers Association of Australia, after receiving approval from its members at the association's annual meeting last week.Managing director and chief...
- News items 2009-11-01
- Flight Centre's Q1 Beats Expectations
- Travel agency group Flight Centre Ltd has reiterated its annual pre-tax profit guidance and says it's happy with its progress in 2009/10 so far."While we are reasonably happy with our progress so far and we are currently ahead of expectations, our previous full year profit guidance of a $125...
- News items 2009-10-29
- Myer Share Set to Price at $4.10: Report
- Shares in department store owner Myer Holdings Ltd are expected to price at $4.10 each, a report says.The shares were being offered in an indicative range of $3.90 to $4.90 a piece.As the institutional offer closed on Thursday, the shares were seen likely pricing at $4.10, at the lower...
- News items 2009-10-29
- Super Cheap Auto Sales Up 16%
- Super Cheap Auto Group Ltd says it has made a good start to the 2009/10 year after sales for the first 17 week sales rose 16.1 per cent.Overall sales were $278.3 milion in the 17 weeks ended October 24, up from $239.8 million in previous corresponding period.On a like-for-like...
- News items 2009-10-28
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