Medibank ekes out higher profit amid 'challenging conditions'
Stronger investment returns helped Medibank Private defy challenging conditions and deliver a small rise in profit.
Stronger investment returns helped Medibank Private defy challenging conditions and deliver a small rise in profit.
Bellamy's shareholders told not to back the push to grab board control of the troubled company
The electricity market operator should be given additional power so it can intervene directly in the energy market, the head of Origin Energy has said.
South 32, the spin-out of orphan assets from BHP Billiton, has benefited handsomely from the surge in metal prices in the latter part of 2016, but has opted to hang on to a large chunk of its cash.
Ansell might be willing to curry favour with the new US President Donald Trump's call to 'make America great again' by forcing more companies to create jobs in the US, but CSL has got a tin ear by comparison.
The heavy write-down of assets disclosed earlier in the week pushed Origin Energy's earnings into the red, with the improved performance of its energy utility business overwhelmed by asset valuation adjustments.
Unlike some key local competitors, A2 Milk has boasted of "strong growth in demand" for its infant milk formula in China as it posted a surge in earnings.
The fall in the oil price has prompted Origin Energy to slash $1.9 billion off the value of its assets, primarily for its gas export project in Queensland.
Competitor problems opened the door for CSL to boost revenues and earnings, with sales to remain strong through the balance of fiscal 2017.
Day traders in China? Taxi drivers in Dalian? Take your pick, but either way the sustained surge in the iron ore price has caught the smart money by surprise while giving a second wind to a group of second tier iron ore miners which have been struggling with busted balance sheets and bloated costs to stay afloat.
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