ASX ends week lower as AGMs reveal soft growth
Despite rallying 0.9 per cent on Friday, the S&P/ASX200 Index lost 1.2 per cent for the week as an annual general meeting season continued to be characterised by soft earnings growth.
$A continues slide after Stevens ‘intervention’ speech
A threat of intervention to push down the Australian dollar began a slide in the currency that has taken it to a two-month low against the US dollar and a five-year low against the New Zealand dollar.
Gasoline, oil rally fuels biggest CRB gain in 7 weeks
A sharp rally in the energy complex and higher grains and metals prices gave the key Thomson Reuters/Core Commodity CRB index its largest gain in seven weeks on Thursday.
Plans for Extension Hill iron ore mine proceeding well: Guo
The $US3 billion Extension Hill iron ore mine and refinery in Western Australia will proceed, according to a senior Chinese steel executive.
Investors humble David Jones chairman
David Jones’ major shareholders are demanding further meetings with the board to discuss lapses in corporate governance after rejecting chairman Peter Mason’s “mea culpa” over directors’ share trading and remuneration policies.
$12.4m fees for Redcape’s Hotel Property Investments float
Bankers, lawyers and accountants associated with Redcape Property Group’s Hotel Property Investments (HPI) float are set to share in $12.4 million worth of fees associated with the $279 million capital raising.
Latest dividend announcements
| SGT | 21/11/13 | Notice of Book Closure Date for Dividend |
| WCB | 21/11/13 | BGA: Potential WCB Dividends under Bega Cheese Offer |
| RMD | 21/11/13 | RMD ANNOUNCES EXCHANGE RATE FOR UPCOMING DIVIDEND PAYMENT |
| SCP | 21/11/13 |
Refinancing and Extension of Debt
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| HNG | 21/11/13 |
Preliminary Final Report
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| HHV | 20/11/13 | Letter to Shareholders |
| WDS | 20/11/13 |
WDS Announces First Interim Quarterly Dividend
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| NAB | 20/11/13 | NAB 2014 Financial Calendar |
| WCB | 20/11/13 | ASX Circular - Special Dividends |
| WCB | 20/11/13 |
Guidance on Permitted Dividends Under Revised Saputo Offer
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Taking Stock
Kathmandu tipped to scale greater heights
Kathmandu Holdings shares have outpaced the 21 per cent gain by the benchmark S&P/ASX 200 Index, giving the outdoor apparel and equipment company a market value of almost $650 million.
ERM powers on in share price and business
Australia’s fourth-biggest electricity retailer ERM Power is on the growth path both in terms of its business and its sharemarket presence.
Broker Watch
Ainsworth Game Technology (AGI)
JPMorgan has held its ‘neutral’ rating on Ainsworth Game Technology, which is currently trading at its valuation of $4.37 apiece.
OZ Minerals (OZL)
UBS has raised its recommendation on OZ Minerals to ‘neutral’ and lifted its target price amid expectations that its production will rise in 2014 to about 92,000 tonnes.
Columnists
D-day for Swiss bonus referendum
Swiss bankers, commodity traders and chief executives are waiting anxiously to see whether Swiss voters give the green light to a radical new proposal that would impose strict limits on how much they can pocket each year.
The keys to better decision-making
Decision-making affects all aspects of life – including making the best investments – and we spend less time than we should improving how we make choices.
