Vodafone Australia appoints new CEO
Updated | Vodafone Hutchison Australia has brought in Vodafone Romania’s chief executive, Iñaki Berroeta, to be its new chief executive officer, replacing Bill Morrow who will leave to lead NBN Co.
Burdett departure forces ANZ Treasury shake-up
ANZ Banking Group has been forced into a reshuffle in its Treasury team following the departure of the Institutional Bank’s chief financial officer James Burdett.
AACo promotes Jason Strong to CEO
The Australian Agricultural Company (AACo) has appointed its marketing executive Jason Strong as the new managing director and chief executive of the beef producer.
Bendigo and Adelaide Bank makes it big with bonds
In the years that followed the financial crisis, the regional lender was the only bank that didn’t turn to the government for backing in the wholesale debt markets.
Tiger results might prove a drag on Virgin profit
Virgin Australia Holdings is poised to report a half-year loss of about $19 million from its share of Tigerair Australia in the first half amid a debate in the market over whether Virgin will report an overall profit or loss for the same period.
Reject Shop reconsiders mall stores after share plunge
Shares in The Reject Shop have plunged after it blamed a poor pre-Christmas trading period and a heavier-than-expected discounting for flat like-for-like sales in the first half of the financial year.
A-REITS produce steady income but returns are down
Australian Real Estate Investment Trusts have delivered steady, reliable and, in some cases, growing distributions for mum and dad investors in the first half of 2014.
Newcrest at risk of up to $3bn writedown: RBC
Newcrest Mining could post writedowns of as much as $3 billion when it releases its annual results next month depending on its gold-price assumptions, according to RBC Capital Markets.
Corporate cash holdings hit record highs
Philip Baker | At the end of last year global companies had almost $US7 trillion of cash and equivalents on their balance sheets – more than double the figure of a decade ago. The story is similar in Australia.
The happy tale of Aurizon’s privatisation
Chanticleer | Queensland’s decision to spin-off QR National proved wise as cost cuts and solid coal haulage volumes over the past year have pushed the rail-freight company’s share price to fresh highs.
News Corp boss questions Facebook’s role in media
News Corp CEO Robert Thomson says there should be more debate about websites like Facebook, which aggregate other people’s news rather than creating their own content.
How 2013 went sour for office towers
The GFC helped avert disastrous overbuilding but the office sector hasn’t been able to avoid cyclical and structural downturns in demand.
Latest ASX profit reports
| RMD | 24/01/14 |
Record Financial Results for Quarter Ended December 31,2013
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| SCC | 24/01/14 |
Market Update
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| AZJ | 24/01/14 |
Aurizon - Quarterly above rail volumes for Dec 2013
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| MQA | 24/01/14 |
Toll Revenue and Traffic Statistics - 4th Quarter 2013
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| TRS | 24/01/14 |
Half Year December Trading Update
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| KOV | 23/01/14 |
Half Yearly Report and Accounts
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| FDC | 23/01/14 |
FDC December 2013 preliminary property valuations
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| LEP | 23/01/14 |
Appendix 4D
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| PAB | 23/01/14 |
Patrys Provides Shareholder Update
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| NNW | 23/01/14 |
December quarter financial highlights
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Coal seams, fracking stump Victoria government
The Victorian government’s excessively cautious response to Peter Reith’s appraisal of the state’s energy future is disappointing.
A radically different inquiry
David Murray’s inquiry into Australia’s financial system will be radically different from the two landmark inquiries that preceded it.
WorleyParsons joins contracting gallery of shame
There’s been a hopefully temporary evaporation of trust between investors and Worley Parsons.
Voluntary code frees supermarket giants
The voluntary grocery code of conduct is a major victory for the powerful supermarket giants as they try to put a stop to the endless attacks.
Tomcar roars along the road to success
At a time when Australia’s biggest car makers have to be subsidised to survive, how is it that a mere slip of a car maker says the sky’s the limit?
Moody’s and S&P prefer a bailout promise
The focus for bank investors from the developing measures to protect taxpayers from banks deemed “too big to fail” has been mostly on dividends.
Thick skin needed at Treasury
When it comes to the vice industries, Treasury Wine Estates chairman Paul Rayner has few equals in corporate Australia.
Bill joins Nick on SS Dick
The listing of Freelancer.com and the release of a prospectus for the float of Dick Smith are sure signs of a frenzy in Australia’s equity capital markets.
National interest should come before nationalism
The increasingly aggressive battle for Australia’s oldest dairy company is about far more than which company outbids the other for control.
War over big cheese not over yet
Murray Goulburn Co-operative is winning an extraordinary bidding war but it needs to win the hearts and minds of local dairy farmers.
Resources Daily
Newcrest at risk of up to $3bn writedown: RBC
Newcrest Mining could post writedowns of as much as $3 billion when it releases its annual results next month depending on its gold-price assumptions, according to RBC Capital Markets.
Atlas Iron takes on rail operators over road charges
Iron ore producer Atlas Iron has rejected calls by rail operators for higher road charges for heavy vehicles, arguing any increases would hurt smaller miners’ profits.
Companies
Telstra’s Indonesia venture a gateway to wider region
Telstra’s foray into Indonesia could provide a much-needed entrance to a wider Asian market worth tens of billions of dollars to the telco, analysts say.
Optus, iiNet join Fetch in ad campaign
Exclusive | SingTel-Optus and iiNet will launch simultaneous ad campaigns worth millions of dollars that promote the set top box of Foxtel and Telstra rival, Fetch TV.
Financial Services
Goldman considers new ‘chat’ limits on employees
Goldman Sachs is contemplating a new policy to prohibit employees from using internal peer-to-peer chat services provided by Bloomberg, Yahoo and other third-party companies, a person said.
Big Four firms, China in talks over audit impasse
In the midst of a US-China quarrel over corporate auditing, the global chairman of audit giant KPMG said on Friday that a "constructive dialogue" was under way to defuse the dispute.
Marketing & Media
Telegraph editor the latest casualty of digital age
Tony Gallagher, the editor of The Daily Telegraph, was sacked on Tuesday.
Fox scores with Hispanic TV, online ads for Super Bowl
Twenty First Century Fox, whose Fox network is getting about $US4m for 30 seconds on its Super Bowl telecast, has almost reached that mark on its Spanish-language channel and online video stream.
Enterprise
Tech start-ups leave Oz over tax
Australia risks missing out on the digital investment boom as local technology companies increasingly move their operations overseas in search of better regulatory incentives.
Sphere Healthcare and Bellamy’s shine with Australia’s clean image
Aussie baby food manufacturers are leveraging Australia’s “clean, healthy” image to crack the Chinese market.
