Thodey riding a telco wave
Telstra has built up a tidy kitty to retire debt, make an acquisition, or issue a special dividend or share buyback.
Stock Ticker
- AGK AGL ENERGY LIMITED 1.02%
- AIO ASCIANO LIMITED 0.53%
- AMC AMCOR LIMITED -0.19%
- AMP AMP LIMITED 0.70%
- ANZ ANZ BANKING GRP LTD 2.09%
- APA APA GROUP -1.29%
- ASX ASX LIMITED 1.08%
- AZJ AURIZON HOLDINGS LTD 1.46%
- BHP BHP BILLITON LIMITED 1.17%
- BXB BRAMBLES LIMITED 2.60%
- CBA COMMONWEALTH BANK. 1.44%
- CCL COCA-COLA AMATIL 0.17%
- CFX CFS RETAIL TRUST GRP 0.00%
- CPU COMPUTERSHARE LTD 2.26%
- CSL CSL LIMITED 1.12%
- CWN CROWN RESORTS LTD 1.98%
- DXS DEXUS PROPERTY GROUP 2.96%
- FMG FORTESCUE METALS GRP -0.35%
- FOX TWENTY-FIRST FOX INC 2.37%
- GMG GOODMAN GROUP 1.46%
- GPT GPT GROUP -1.71%
- IAG INSURANCE AUSTRALIA 2.16%
- ILU ILUKA RESOURCES 1.42%
- IPL INCITEC PIVOT 3.91%
- LLC LEND LEASE GROUP 1.86%
- MGR MIRVAC GROUP 2.99%
- NAB NATIONAL AUST. BANK 0.68%
- NCM NEWCREST MINING 5.19%
- ORG ORIGIN ENERGY 0.44%
- ORI ORICA LIMITED 2.52%
- OSH OIL SEARCH LTD 1.37%
- QAN QANTAS AIRWAYS 3.33%
- QBE QBE INSURANCE GROUP 5.41%
- RIO RIO TINTO LIMITED 0.32%
- SGP STOCKLAND -0.27%
- SHL SONIC HEALTHCARE 1.06%
- STO SANTOS LTD 2.34%
- SUN SUNCORP GROUP LTD 0.62%
- SYD SYD AIRPORT -1.28%
- TCL TRANSURBAN GROUP -0.14%
- TLS TELSTRA CORPORATION. 1.76%
- TOL TOLL HOLDINGS LTD -0.09%
- WBC WESTPAC BANKING CORP 0.64%
- WDC WESTFIELD GROUP 0.40%
- WES WESFARMERS LIMITED 0.42%
- WOR WORLEYPARSONS LTD 5.38%
- WOW WOOLWORTHS LIMITED 1.36%
- WPL WOODSIDE PETROLEUM 1.69%
- WRT WESTFIELD RETAIL TST 2.39%
Key Stories
US stocks hit records on positive GDP data
US stocks jumped on Friday after the US government said the economy grew at its briskest pace in nearly two years.
Cash grabs win top gong
Merry Christmas to all! What a rollicking good year it was. Let us present the 2013 gongs for high achievement in the corporate arena.
Nothing shifty about the MYEFO numbers
In this week's midyear budget review, Joe Hockey's claim to have found a black hole left by Labor was dishonest, but the revised forecasts for the economy and the budget deficit are not political spin.
CBD: Goliaths come head to head
Picking the highlights from the rich tapestry of events that passed before CBD this year was never going to be easy, but the big end of town is always a good place to start.
The great money makeover
Bank deposits, insurance, retirement savings and home loans will all be scrutinised by the government's Murray inquiry.
Rivals challenge Freelancer numbers
User figures given by sharemarket debutant Freelancer in its prospectus are wrong by more than 40 per cent, according to data from a key competitor.
Headline Stories
- Markets ASX A bumper week for shares
- Business Telco Telstra shares near eight-year high with CSL mobile sale
- Mining and Resources Coal Whitehaven wins legal bid against Maules Creek mine
- Mining and Resources Resources International loans for Gina Rinehart's Roy Hill mine approved
Market Indices
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December 20, 2013 - 4:52PM
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Currencies
| Last updated: | |
| United States Dollar | |
|---|---|
| 0.8922 | 0.62% |
| Euro | |
| 0.6526 | 0.52% |
| British Pound | |
| 0.5463 | 0.93% |
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Weekend Feature
Market bulls take over
Local shares chalked up their biggest weekly gain since April, buoyed by rising global optimism on the back of the US Federal Reserve's taper decision.
In Depth
Asia urged to snub US trade pact
The Trans-Pacific Partnership being pushed by Washington is nothing more than a corporatist power grab.
Inquiry faces complex challenges
In May 1996 a ''whole wave of change'' was moving through Australia's financial system.
Losing streak for Chinese shares
China’s stocks fell for a ninth day, with the benchmark index poised for its longest losing streak in almost two decades.
Trading Room
Rollback a Christmas present for banks, insurers
Just when consumers thought the bad old days of financial planning were over, comes the neutering of hard-fought reforms.
Perpetual splashing cash amid small cap weakness
Demand for Perpetual’s microcap fund is going through the roof.
Business News Wire
Markets
US stocks hit records on positive GDP data
US stocks jumped on Friday after the US government said the economy grew at its briskest pace in nearly two years.
EU loses triple-A credit rating
The European Union lost its top credit rating from Standard & Poor’s, which cited the deteriorating creditworthiness of the bloc’s 28 member nations.
- ASX Market bulls take over
- Currencies Dollar inches higher
- Wall Street Dow posts new record close on quiet day
- Global markets European stocks soar on Fed tapering
- Commodities Gold falls to six-month low
- Fed Investors finally let go of taper terrors
- What's on this week Business calendar for December 16 - 20
Investors wary as China readies to re-open IPOs
Search Quotes & Charts
The Economy
ANZ’s Smith upbeat on Australia
ANZ chief Mike Smith says he is upbeat about the Australian economy and says Japan will help shield Asia from any US Fed tapering fallout.
There is a barista for everyone
A common mistake has been to describe the economic outlook as "bleak". For the vast majority of Australians, it's actually predicting an improvement.
Retail
Target pays $1m over MAC fake case
Target will pay global make-up giant MAC Cosmetics $1 million after settling a long running legal case
M&S eyes site in George Street
British department chain Marks & Spencer said to be looking at new sites across town.
Banking & Finance
Murray inquiry puts finances under microscope
Bank deposits, insurance, retirement savings and home loans will all be scrutinised by the government's Murray inquiry.
'Son of Wallis' faces complex challenges
In May 1996, in the words of then-treasurer Peter Costello, a ''whole wave of change'' was moving through Australia's financial system.
Mining & Resources
Palmer's China First mine approved
Christmas has come early for mining billionaire and newly minted MP Clive Palmer.
Whitehaven wins Maules Creek battle
Construction is set to begin on the controversial Maules Creek coalmine near Tamworth.
World Business
BlackBerry soars after hiring Foxconn
BlackBerry shares soared after the smartphone maker struck a five-year deal to have Foxconn Group manufacture its devices.
Deutsche Bank to pay $US1.9b in mortgage case
Deutsche Bank will pay $US1.9 billion to settle claims that it defrauded two US government-controlled companies
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China
Huawei expects 4G revenue to double in 2014
Chinese telecommunications equipment maker Huawei expects revenue from its 4G mobile network business to double in 2014.
Chinese shares near worst run in nearly 20 years
China’s stocks fell for a ninth day, with the benchmark index poised for its longest losing streak in almost two decades.
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Property Focus
Sydney CBD office space to get a $2b makover
More than $2 billion worth of office redevelopment is earmarked for Sydney’s CBD in the coming year.
CFS Retail to internalise in $460m deal
One of the last few remaining externally-managed real estate investment trusts has signed a $460 million deal with the CBA to internalise the vehicle.
Disgraced developer reportedly dies
One of the more flamboyant personalities of the 1980s property sector, George Herscu, has reportedly died.
Big deals tell the story
- Residential Melbourne vacancies soar
- Executive moves REA chief Greg Ellis resigns
- Takeover GPT tipped to sweeten its CPA takeover deal
- Building Sydney construction activity on the rise
Ratings tool crucial to lifting sustainability standards
Westfield buys remaining WTC stake
Westfield has not wasted any time in getting back to business after news of its split yesterday, with the revelation that its moving to full ownership of the retail component of the World Trade Centre, New York for $US800 million.
Executive Style
Luxe of the prestige class
Mercedes' loaded S-Class limo again sets new luxury and technology benchmarks.
Money
Still lots of reasons to hold gold
The market price of gold might have fallen but hoarding it is approaching record levels.
Bernanke kicks of the Santa rally
What does the announcement of a tapering of the US stimulus package mean for the local market?
Small Business
How to be CEO at 23
Not every member of Gen Y is greedy and lazy, as Genevieve George demonstrates.
The industries we love to hate
New research has been released on the worst industries for customer service. The usual suspects are on the list.
Business Video
Business Week: RBA's Christmas wish
The Reserve Bank receives an early Christmas present with the Fed starting to taper, helping drop the Aussie dollar below 89 US cents.
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Comment & Analysis
Nothing shifty about Treasury's numbers
Packer says Mac bank looks after itself
Thodey riding a telco wave he created