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aap and australian associated press pty ltd.
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- Most Listed Firms Worse Off, Report Says
- Most listed companies ended the financial year in worse financial shape compared with a year earlier, a report says.The Australian Corporate Health Index report from specialist advisory firm 333 Consulting found 71 per cent of listed companies had gone backwards over the past financial year.This was up from the...
- News items 2009-12-13
- CBA Raises Home Loan Rate By 37bps
- Australia's biggest home loan lender Commonwealth Bank of Australia Ltd CBA has raised its standard variable lending rate by more than the central bank's increase.CBA said in a statement on Friday that it would increase its standard variable home loan rate by 37 basis points to 6.61 per cent,...
- News items 2009-12-04
- Rate Rises to Continue, Economists Say
- Homeowners face steadily rising interest rates during the next two years with the Reserve Bank's cash rate reaching 5.5 per cent in 2011, economists say.The results of the Australian Business Economists ABE annual forecasting survey, released on Tuesday, forecast the cash rate to reach 4.75 per cent in 2010,...
- News items 2009-12-08
- CBA Bulks Up Equities Research, Sales
- Australia's biggest lender, Commonwealth Bank of Australia Ltd, has bulked up its institutional equities business by poaching 16 employees, mostly from investment banks.A telecommunications analyst formerly at Credit Suisse, Mark Storey, has been appointed head of research product, Sydney-based CBA said in a statement on Tuesday.CBA appointed a further...
- News items 2009-12-08
- Seven Loses Appeal Against C7 Finding
- Seven Network Ltd has lost its bid to appeal a judgment in an earlier case against a raft of media, telco and sporting parties related to the 2002 demise of its pay-Television sports channel, C7.Kerry Stokes's Seven had appealed against Justice Ronald Sackville's 2007 dismissal of its bid to...
- News items 2009-12-02
- Australian Retail Trade Up 0.3%
- Consumers appear to have been undeterred by an October interest rate rise, spending $19.8 billion at the shops that month.The figure represented a seasonally-adjusted 0.3 per cent increase on September, according to Australian Bureau of Statistics data released on Thursday.The result was in line with economists' expectations.Department stores reported...
- News items 2009-12-03
- Myer Pre-Xmas Sales Tracking Forecast
- Myer Holdings Ltd chief executive Bernie Brookes says Christmas sales tracking are in line with Myer's forecast FY10 sales growth of three per cent.Mr Brookes said Myer gauged its expected Christmas sales by the sales of Christmas wrap, hampers, and gift-giving vouchers, etc.He said those items were selling "in...
- News items 2009-12-03
- New Motor Vehicle Sales Rise 19.9%
- New motor vehicle sales rose 19.9 per cent in the year ended November, as businesses took advantage of government tax incentives to buy light commercial and sports utility vehicles SUV.Official data released by the Federal Chamber of Automotive Industries FCAI shows 85,833 passenger cars, SUVs and commercial vehicles were...
- News items 2009-12-03
- Xstrata Mining Jobs Secured Until 2024
- Miners in northwest Queensland have been handed an early Christmas present with Xstrata Copper announcing it won't be shutting down its operation near Cloncurry.The Ernest Henry Mine was due to be closed in 2012 but the mining giant said on Wednesday that it'll be transforming the open cut copper,...
- News items 2009-12-03
- NAB Raises Home Loan Rate By 25bps
- National Bank of Australia Ltd NAB has raised its standard variable mortgage rate by the same amount as the central bank's increase.NAB said in a statement on Thursday that it would increase its standard variable home loan rate by 25 basis points to 6.49 per cent, effective Friday December...
- News items 2009-12-03
- Qld Budget Deficit Grows
- The Queensland government is forecast to record a $2.351 billion deficit for 2009/10, blowing out from a budget forecast of $1.954 billion, Treasurer Andrew Fraser says.Releasing the mid-year economic and fiscal review on Friday, Mr Fraser said unemployment was now expected to peak at 6.5 per cent in 2010/11,...
- News items 2009-12-04
- AACo New CEO to Be Paid Up to $A1.1m
- The new chief executive of beef producer Australian Agricultural Company Ltd AACo, David Farley, could receive an annual pay package of up to $1.1 million.Mr Farley took up his new position on December 1, 2009.AACo said on Friday that Mr Farley's annual remuneration comprised fixed remuneration of $600,000, an...
- News items 2009-12-04
- ConnectEast Says EastLink Traffic Up
- Melbourne toll road operator ConnectEast Group has recorded the highest number of average daily trips on its EastLink tollway since tolling started on July 27, 2008.ConnectEast owns and operates the 39km EastLink toll road connecting the eastern and south-eastern suburbs of Melbourne. It opened in June 2008.ConnectEast said on...
- News items 2009-12-04
- Lend Lease Eyes ING Retail Property Fund
- Lend Lease Corp Ltd says it is eying the unlisted ING Retail Property Fund as part of a continuing review of potential asset acquisitions."Currently this includes a potential acquisition of the ING Retail Property Fund," it said on Friday in a statement."Lend Lease's involvement in the competitive process for...
- News items 2009-12-04
- Current Account Deficit Hits $16b: ABS
- Australia reported a seasonally adjusted current account deficit of $16.183 billion in the September quarter from a revised deficit of $13.133 billion in the June quarter, the Australian Bureau of Statistics ABS said on Tuesday.The median market forecast was for a deficit of $16.8 billion in the September quarter.The...
- News items 2009-12-08
- ING Industrial Completes $700m Raising
- ING Industrial Fund has completed a $700 million capital raising, which it used to repay debt and set aside for potential purchases of Australian industrial properties.The fund will issue about 443 million new units, representing the final close of the accelerated non renounceable retail entitlement offer, Sydney-based manager of...
- News items 2009-12-08
- Macquarie to Buy Shares For Bonuses
- Investment bank Macquarie Group Ltd will buy $350 million of existing shares for bonus payments to senior staff, after changing its remuneration arrangements in October.The shares will be bought and held under the Macquarie Group Employee Retained Equity Plan, a proposed new plan, the Sydney-based investment bank said in...
- News items 2009-12-11
- AP Eagers Lifts 2009 Earnings Estimate
- Automotive retail group AP Eagers Ltd has lifted its earnings guidance for calendar 2009.Net profit before tax was expected to be within the range of $48 million to $50 million for the year ending December 31, 2009, the company said in a statement on Friday.The company's previous forecast, on...
- News items 2009-12-11
- Sept Quarter GDP Data Due to Show Growth
- The Australian economy continued to expand in the third quarter as fiscal stimulus, company stock re-building and a lift in construction compensated for relatively flat consumption growth.The Australian Bureau of Statistics ABS national accounts data due next week are expected to show that gross domestic product GDP expanded by...
- News items 2009-12-11
- Personal Loans Fell 1.5% in October
- Total personal finance commitments fell 1.5 per cent in October, seasonally adjusted, to $6.953 billion, from $7.062 billion in September, the Australian Bureau of Statistics ABS said on Monday.Total commercial finance was down 16.3 per cent in October, seasonally adjusted, to $25.778 billion, down from $30.803 billion in September.Lease...
- News items 2009-12-14
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