Investors back Metcash bid for Home Timber & Hardware
Metcash revealed its interest in Woolworths' Home Timber & Hardware business as long ago as the middle of 2015, sources close to the listed wholesaler say.
Stock Ticker
- AGL AGL ENERGY LIMITED. -1.03%
- AIO ASCIANO LIMITED -0.12%
- AMC AMCOR LIMITED -2.56%
- AMP AMP LIMITED -1.48%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -1.95%
- APA APA GROUP -1.06%
- ASX ASX LIMITED 0.34%
- AZJ AURIZON HOLDINGS LIMITED -5.00%
- BHP BHP BILLITON LIMITED -1.77%
- BXB BRAMBLES LIMITED -0.99%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -1.77%
- CCL COCA-COLA AMATIL LIMITED 0.48%
- CPU COMPUTERSHARE LIMITED. -1.58%
- CSL CSL LIMITED -1.64%
- CTX CALTEX AUSTRALIA LIMITED -0.49%
- CWN CROWN RESORTS LIMITED 0.34%
- DXS DEXUS PROPERTY GROUP 0.82%
- GMG GOODMAN GROUP 0.16%
- GPT GPT GROUP 1.26%
- IAG INSURANCE AUSTRALIA GROUP LIMITED -1.34%
- IPL INCITEC PIVOT LIMITED -0.64%
- JHX JAMES HARDIE INDUSTRIES PLC -1.84%
- LLC LENDLEASE GROUP 0.39%
- MGR MIRVAC GROUP 0.54%
- MPL MEDIBANK PRIVATE LIMITED -0.79%
- MQG MACQUARIE GROUP LIMITED -2.10%
- NAB NATIONAL AUSTRALIA BANK LIMITED -3.10%
- NCM NEWCREST MINING LIMITED 3.21%
- ORG ORIGIN ENERGY LIMITED -4.20%
- ORI ORICA LIMITED -3.59%
- OSH OIL SEARCH LIMITED -4.62%
- QBE QBE INSURANCE GROUP LIMITED -1.48%
- RHC RAMSAY HEALTH CARE LIMITED -1.02%
- RIO RIO TINTO LIMITED -2.68%
- S32 SOUTH32 LIMITED -4.02%
- SCG SCENTRE GROUP 0.94%
- SEK SEEK LIMITED -1.10%
- SGP STOCKLAND -0.24%
- SHL SONIC HEALTHCARE LIMITED 1.09%
- STO SANTOS LIMITED -2.70%
- SUN SUNCORP GROUP LIMITED -1.47%
- SYD SYDNEY AIRPORT 0.15%
- TCL TRANSURBAN GROUP 0.84%
- TLS TELSTRA CORPORATION LIMITED. -0.90%
- VCX VICINITY CENTRES 1.04%
- WBC WESTPAC BANKING CORPORATION -1.88%
- WES WESFARMERS LIMITED -0.55%
- WFD WESTFIELD CORPORATION 0.20%
- WOW WOOLWORTHS LIMITED -0.74%
- WPL WOODSIDE PETROLEUM LIMITED -1.63%
Key Stories
Rio sells more assets, buyers gamble
The queue of investors betting on a rebound on coal prices is lengthening, with Indonesia's powerful Salim group committing to acquire the Mt Pleasant coal assets in the NSW Hunter Valley for $US244 million.
ASX slides back below 5000
Australian shares ended a three-day winning streak, as the big banks suffered some heavy selling and an early mining rally went into reverse.
Air NZ plans Queenstown night flights
Air New Zealand is poised to begin its first-ever night flights in and out of Queenstown Airport in July.
Dick Smith staff 'not properly consulted'
The union representing Dick Smith workers says staff at the electronic retailers' concession stores were "not properly consulted" about the impact of the concession closures.
Packer's Blackstone bet
Better known for hotels and shopping malls, Blackstone Real Estate has proved critics of its casino foray wrong. Now James Packer wants to talk.
Australia to win from China's crackdown
Australian infant formula makers are poised to profit after Beijing authorities introduced tougher food safety laws.
- The Economy Gareth Hutchens Why weak inflation won't force a rate cut
- Banking and Finance NAB shareholders back Clydesdale float
- Currencies $A jumps on inflation data
- China China's industrial profits fall
- Markets Apple: When $US18b isn't enough
Market Indices
Last updated: January 27, 2016 - 6:29PM
Last updated: January 27, 2016 - 6:29PM
Last updated: January 27, 2016 - 6:29PM
Last updated: January 27, 2016 - 6:29PM
China's 'daigou' shoppers leading Australian retail drive
First they bought up our baby formula, then vitamins, now the millions back home have their eyes on Australia's fresh food.
In Depth
Why nobody's buying gold
Gold, usually a safe haven in times of crisis, has increased only marginally this year despite the widespread turmoil.
Stocks can't predict the future
Little weight is accorded to stock prices by serious economists whose job is to estimate the future course of the economy.
Supermarkets stand by local honey
Claims that Australian honey is the most contaminated in the world dismissed as an 'exaggeration'.
Workplace
Public servants owe it to taxpayers to turn up
Public servants urged not to chuck sickies on Monday.
Are you a job hopper? Why you need to find your fit
What we often fail to appreciate is that job satisfaction is more to do with personality than luck.
Markets
NAB shareholders welcome Clydesdale exit
Long-suffering shareholders in National Australia Bank voted overwhelmingly for the spin-off of its British bank Clydesdale, but they are not inclined to forgive and forget past mistakes that destroyed billions of dollars in value.
Markets Live: ASX drops below 5000
Live
Mood sours as oil and Chinese shares fall, with banks dragging shares lower.
Apple sells fewer iPhones than expected
Applereported lower-than-expected iPhone sales in the latest quarter, its slowest-ever growth in shipments, as the company began to feel the effects of economic softness in the critical Chinese market.
Wall St falls, weighed down by energy shares
Search Quotes & Charts
The Economy
Inflation slightly higher than expected
Inflation has come in slightly higher than expected, with December quarter inflation of 0.4 per cent, or 1.7 per cent year-on-year.
Apple's tax bill hits $85m on revenue of $7.9b
Apple paid $85Â million in Australian income tax last year, despite making almost $8 billion in local revenue, accounts filed with the corporate regulator show.
Retail
Quiksilver to go private under rescue plan
The largest shareholder in Billabong International could emerge with almost full control of arch rival Quiksilver if the now-US based surf and skate wear retailer emerges from bankruptcy.
Metcash rallies on Home hardware talk
Investors are buying into Metcash's grocery recovery story and intensifying talk it may buy Woolworth's Home Timber and Hardware business.
Banking & Finance
ANZ's Elliott wants to improve Asian returns
ANZ Banking Group's new chief executive Shayne Elliott will retreat from the expansion through Asia pursued by his predecessor Mike Smith and play catch-up by using digital technology to try to increase retail banking market share in Australia and New Zealand.
NAB shareholders welcome Clydesdale exit
Long-suffering shareholders in National Australia Bank voted overwhelmingly for the spin-off of its British bank Clydesdale, but they are not inclined to forgive and forget past mistakes that destroyed billions of dollars in value.
Mining & Resources
Nickel bloodbath in WA as Mincor, Panoramic announce closures
The sustained decline in the nickel price has forced three more West Australian operations into suspension at the cost of more than 100 jobs, as the toll of the price crash mounts.
Rio extends coal mining retreat with sale
Rio Tinto has extended its retreat from the coal industry with the sale of its second mine in a matter of months amid the extended slump in coal prices.
World Business
Apple's tax bill hits $85m on revenue of $7.9b
Apple paid $85Â million in Australian income tax last year, despite making almost $8 billion in local revenue, accounts filed with the corporate regulator show.
McDonald's all-day breakfast a hit
McDonald's posts improved sales thanks to Americans loving the start of all-day breakfasts and renewed consumer demand in China.
China
China's 'daigou' shoppers leading Australian retail drive
First they bought up our baby formula, next it was vitamins, now the millions back home have their eyes on Australia's fresh food - and they're sending in their shoppers.
China stocks plunge again
China's stocks plunged 6.4 per cent to 2,749.79 at the close amid concern capital outflows will accelerate.
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Property Focus
Mike Baird's $3 billion sell-off of public buildings
The NSW government is selling off some of Sydney's most iconic buildings.
No more beer and schnitzel in suburban pub war
Prompted by changing tastes and lockout laws, glammed-up pubs are heading further out into Sydney's suburbs.
Pub sector intoxicated with sales
Investors have poured more than $500 million into the pub sector, making it one of the busiest areas in the real estate sector.
City Tattersalls votes for $200m redevelopment
Scentre strikes $2.85m deal with Booodl start up
Shopping is not everyone's most enjoyable way to spend a day, particularly wandering around a mall trying to locate the stores selling the items on your list.
Executive Style
Australia's best craft beers named
Surprises abound in annual ranking of craft beer's own 'hottest 100'.
Money
Beating the curse of problem gambling
Matt Torcasio is proof that there is hope for the millions of Australians affected by problem gambling.
Sold to the lady in the pirate sundress
Mind Over Money | If your goal is to buy a home, you need a strategy for how to deal with auctions.
Small Business
Aussie startup unlocks US market
Startup backed by Lachlan Murdoch is now available to more than 9 million customers in the United States thanks to a deal with Boost Mobile.
Over 50 and just starting up
How I started a human resources tech startup at the age of 52 which attracted $2 million in investment.
Business Video
Anger mounts over Google's UK tax bill
A British parliamentary committee will ask Google to testify about a back tax deal under which it will pay 130 million pounds (AUS$266 million) to settle claims covering a 10-year period.
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Comment & Analysis
Guvera: it's like radio without the money
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Apple's tax bill hits $85m on revenue of $7.9b
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Apple earnings: Has the iPhone peaked?
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