Last updated: November 13, 2016

Sales fall at JC Penney

Sales fall at JC Penney

A day after Macy’s reported declining sales, JC Penney unveiled a soft result and cut its sales forecast for the year.

News Corp beats dual-class bid

News Corp beats dual-class bid

News Corp has defeated a campaign by activist investors to remove the company’s dual-class capital structure.

Hedge funds nominate targets

Hedge funds nominate targets

Leading managers say it’s not hard to find red flags in a list of companies that are ripe for a share-price hit.

SPC seals deal with Woolworths

SPC seals deal with Woolworths

SPC Ardmona has confirmed it has signed a three-year deal with Woolworths to supply its home brand canned fruit.

Volvo signs on for long haul

Volvo signs on for long haul

Volvo has joined its Australian partners to invest $165m in new facilities for building heavy trucks.

Winter woes hit DJs sales growth

Winter woes hit DJs sales growth

David Jones is the latest fashion victim of the late start to winter with sales growth almost grinding to a halt.

ASX 200 TOP GAINERS & LOSERS

Company Name Price Change %Change
Galaxy Resources Limited 0.36 +0.04 UP +12.5%
Santos Limited 3.81 +0.23 UP +6.4246%
South32 Limited 2.82 +0.14 UP +5.2239%
CYBG Plc 4.85 +0.21 UP +4.5259%
Fortescue Metals Group Ltd 6.28 +0.27 UP +4.4925%
NEXTDC Limited 3.39 -0.17 Down -4.7753%
ALS Limited 6.19 -0.31 Down -4.7692%
Aconex Limited 5.69 -0.27 Down -4.5302%
APA Group 7.39 -0.34 Down -4.3985%
iSentia Group Limited 3.36 -0.14 Down -4.0%

12:00AM AEDT

News defeats vote on structure

News defeats vote on structure
News Corp has defeated a campaign by activist investors to remove the dual-class capital structure.

Vue de monde gets new owners

Vue de monde gets new owners
Celebrity chef Shannon Bennett has sold off a majority stake in his empire to Singaporean rich listers.

DJs sales growth drops sharply

DJs sales growth drops sharply
Sales growth at the upmarket department store has ground to a near halt, as unseasonal weather bites.

Wellard hits back at former ally

Wellard hits back at former ally
The cattle exporter has struck back against Butt’s efforts to place a representative on its board.

Apple firms as fund favourite

Apple firms as fund favourite
Magellan’s chief executive says Apple has earned its place as a firm favourite despite a share drop in recent days.

Macquarie warms to Woolworths

Macquarie warms to Woolworths
The sale of Woolworths’ petrol retail arm could provide a $2bn boost to the group’s balance sheet, says Macquarie.

A peek into Waislitz’s empire

A peek into Waislitz’s empire
Papers linked to the upcoming Thorney tech float provide a snapshot the Melbourne billionaire’s portfolio.

Russia to block LinkedIn

Russia to block LinkedIn
A court ruling enforced a law that requires foreign companies to store Russian user data within the country.

Tech CEOs react to Trump

Tech CEOs react to Trump
Apple boss Tim Cook told employees that the election result won’t shake the company’s belief in diversity.

Macy’s sales continue to fall

Macy’s sales continue to fall
Sales at the US department store shrank for the seventh straight quarter, but hopes are high for Christmas.

‘Friendly’ rival eyes Simonds

‘Friendly’ rival eyes Simonds
McDonald Jones Homes has signalled it holds serious — but friendly — intent towards the embattled Simonds Group.

Iron ore hits Hancock profits

Iron ore hits Hancock profits
The weaker iron ore price has taken another bite out of the profitability of Gina Rinehart’s Hancock Prospecting.

US Navy set to buoy Austal

US Navy set to buoy Austal
Listed shipbuilder Austal is shaping as a likely winner from Donald Trump’s plans to boost defence spending.

Rural lender prunes jobs

Rural lender prunes jobs
Rabobank Australia has quietly cut jobs to adapt to “changing requirements” in the agrilender’s operations.

Rio’s transparency takes a hit

Rio’s transparency takes a hit
An email chain concerning consultancy fees paid to a French banker has tarnished Rio Tinto’s transparency reputation.

Chaney lashes iron ore tax plan

Chaney lashes iron ore tax plan
Wesfarmers chair Michael Chaney says the $5 per tonne iron ore tax proposed by the WA Nationals is “a very bad deal”.

Morgan Stanley set for road gig

Morgan Stanley set for road gig
Macquarie Infrastructure Real Assets is thought to be rallying super funds to rival Transurban on WestConnex.

Zip has Vestal on tap for $10m

Zip has Vestal on tap for $10m
Zip Industries has purchased on-tap drinking water systems provider Vestal for about $10 million.

Treasury uncorks margin targets

Treasury uncorks margin targets
TWE chief Michael Clarke has unveiled an ambitious plan to lift earnings margins to as high as 30 per cent.

No free kick for Optus EPL play

No free kick for Optus EPL play
SingTel-Optus boss Allen Lew says the telco’s English Premier League content will pay off in the long run.

REIT fall hits solid Westfield

REIT fall hits solid Westfield
Westfield was caught up in the domestic selldown of Australian real estate investment trusts yesterday.

BlueScope leaner on cost cuts

BlueScope leaner on cost cuts
BlueScope is in better shape, with more opportunities, than it has been in a decade, says its managing director.

Firms buoyed by US exposure

Firms buoyed by US exposure
Companies with large exposure to the United States economy have played down the prospects of a global trade war.

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