Stocks hit by commodities rout
Daniel PalmerThe local sharemarket and dollar fall in tandem as heavy commodities and bank stocks weigh on trade.
‘Keep tax cuts on the table’
Daniel PalmerWoodside’s chairman has taken aim at the PRRT review, 457 visa policy changes and a lack of progress on tax cuts.
updatedMacquarie taps ten-year high
Daniel PalmerMacquarie shares have tapped a 10-year high after it beat expectations by booking a record $2.2bn full-year profit.
Iron ore dives 6pc on glut fears
Daniel PalmerIron ore prices have slumped, with one analyst predicting a ‘spectacular decline’ as sentiment sours on oversupply fears.
Housing fall to ‘shock’ economy
Adam Creighton, Daniel PalmerRBA warns a sharp drop in house prices would force homeowners to curb spending and cause economic shockwaves.
Qantas revenue grown at home
Daniel PalmerQantas won’t match last year’s record result, but strong domestic growth has the airline upbeat.
Stocks stumble on heavyweights
Daniel PalmerLocal shares wallow in the red for the third-straight day as big bank and commodity weakness drag on the bourse.
Downer calls out Spotless rebuff
Daniel PalmerDowner takes target Spotless’ “opportunistic” response to the Takeovers Panel citing holes in details of its reform.
Rio cheery on China demand
Daniel PalmerRio Tinto’s CEO has expressed confidence that China’s strong demand for resources will continue at today’s AGM.
RBA wary of household spending
Daniel PalmerThe RBA has said banks are well-placed to handle any property crunch but warned of the potential hit to spending.
Pot stock pops fresh from Cann
Daniel PalmerPot stock Cann pops on ASX debut after receiving the first licence under the government’s new medical cannabis system.
Updated’These are last Fairfax cuts’
Scott Murdoch and Daniel PalmerFairfax CEO Greg Hywood says planned 125 job cuts will be the last stage of a major company restructure begun in 2012.
New home sales dip in March
Daniel PalmerSales of new homes slipped in March, a further sign that the residential property building boom might have peaked.
Fairfax revenue still sliding
Daniel PalmerFairfax has detailed a continued slide in revenues, as it reaffirmed plans to list its Domain arm by the end of the year.
Housing prices ‘to drop 7pc’
ELIZABETH REDMAN, DANIEL PALMERHousing prices could fall by more than 7 per cent next year, as signs emerge of a cooling in Sydney and Melbourne.
Local stocks drop ahead of Fed
Daniel PalmerThe local sharemarket tapers on large-cap losses ahead of the US Federal Reserve’s rate decision.
Property ‘cooling’ in play
Daniel PalmerA new survey reveals unease among fixed-income investors and tips certain markets to “correct” in 12-18 months.
Moelis swoops on Armada
Daniel PalmerRecently listed Moelis has made quick use of its funding injection, with an acquisition worth tens of millions of dollars.
Genworth books net profit
Daniel PalmerGenworth has reaffirmed its full-year guidance despite warning of rising mortgage stress in regional cities.
Stocks shy from 6000
Daniel PalmerAn ANZ earnings miss proves too big an obstacle for the local sharemarket as it trips up in pursuit of the magic mark.
updatedReserve Bank keeps rates on hold
Daniel PalmerThe RBA has kept rates on hold as anticipated, noting a pick-up in inflation as the mining boom hangover comes to an end.
UpdatedANZ slides on flat revenue
Daniel PalmerANZ shares have skidded almost 3pc, as analysts note weak revenue performance in an update that broadly met expectations.
updatedWoolies tops Coles again
Daniel Palmer, Eli GreenblatWoolworths has outperformed Coles for a second straight quarter, as the turnaround in its fortunes gathers pace.
Stocks stumble in early trade
Daniel PalmerThe local sharemarket has dipped in morning deals, as banks drag on the bourse following a mixed update from ANZ.
Primary Health taps new chief
Daniel PalmerMalcolm Parmenter will take the reigns as Primary stands behind its outgoing CEO in the ASIC spotlight.
Sydney Airport shuns Badgerys
Daniel PalmerSydney Airport has informed the government it will not proceed with an opportunity to build a second airport.
Cash carries South32 forward
Daniel PalmerSouth32 booked a strong increase in cashflow yesterday despite struggling to match production forecasts.
Newcrest cuts costs amid fears
Daniel PalmerAnalysts have cheered cost containment at Newcrest but there are fears about the restart of its giant Cadia mine.
Stocks in black despite gas slump
Daniel PalmerThe local market has eked out another day of gains, despite heavily weighed energy stocks.
Trump bump buoys Future Fund
Daniel PalmerThe Future Fund has brushed off earlier concerns, as bullish global markets helped lift returns in line with targets.
