BUSINESS

Foster's shareholders complain on costly split fees

The Australian dollar’s upsurge has affected Foster’s beer business, subjecting the company to a shareholders’ vote by month end that will divide the company into halves. SABMIller shows interest on the great divide.
More news

Uranium Takes A Breather

- Spot U3O8 market goes quiet with few utilities buying only- It would appear a return to prices pre-Japan crisis remains unlikely for foreseeable future By Greg PeelOne assumes that the tone at last week's World Nuclear Fuel Cycle conference in Chicago would have been somewhat more sombre than if i...

The Overnight Report: Off And Running

By Greg PeelThe Dow closed up 1 point while the S&P fell 0.3% to 1324 and the Nasdaq dropped 0.3%.Will profit-taking be the story of this quarter's US earnings season? If Alcoa is any guide it might be.

Gindalbie In Need Of A Sizeable Capital Raising

- DJ Carmichael initiates coverage with Buy on Gindalbie- Karara project expansion should grow earnings- Value on offer despite a likely equity raising By Chris ShawGindalbie Metals ((GBG)) is an emerging iron ore producer, owning the Karara project in Western Australia with joint venture partner An...

Daily Forex Forecast 04/12/2011

With little in terms of significant local events yesterday the Australian dollar drifted slightly lower overnight to open this morning at a rate of 1.0497.

Shell inks deal with Chevron for Wheatstone project

Chevron Corporation (NYSE: CVX) says it has entered into agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant.

Leighton downgrades from profit to loss

After completing a major review of its operations and asset base which has resulted in a revision of the profit forecast for the 2010/11 financial year, Leighton Holdings Ltd (ASX: LEI) says the group now expects to report a loss of $427 million for the financial year versus its previous guidance for a profit of $480 million after tax.

More Focused Alesco Offers More Upside

- Alesco sells Marathon Tyres division- Divestment completes non-core asset sales program- Stockbrokers see value from improved efficiencies in remaining core businessesBy Chris ShawBuilding products group Alesco ((ALS)) surprised the market last week with the sale of its Marathon Tyres business.

Australia mulls tough smoking rules

Australia is closely watched by other countries in the Asia-Pacific as to how it will implement a very tough anti-smoking law that seeks to discourage the habit and promote a more healthy lifestyle.

Aussie Dollar: Stronger For Longer

(This story was originally written and published on March 30, 2011. It has now been repeated to make it available to non-paying members at FNArena and to readers elsewhere).

Rio okays feasibility study

Anglo-Australian Rio Tinto (ASX: RIO) says it has given the go ahead to spending US$238 million to advance a feasibility study for extending the life of Kennecott Utah Copper’s Bingham Canyon Mine in Salt Lake City, and for the purchase of related long-lead time equipment.

Don?t Ignore Stocks In Favor of Gold

- While the temptation is to always see present crises as the worst ever, history shows life resumes its normal path given time- Gold has outperformed equities over the past decade, but history shows such trends do reverse- Investors should ask whether this time really is different, because history ...

For Your Calendar: Rudi's Presentations

- ASX Investment HourDate = 17th May (12-1pm)Place of action = Wesley Theatre, Wesley Conference Centre, 220 Pitt St, SydneyTheme = Stocks That Consistently Beat the MarketWrap = How to beat the market? It's not a super-formula.

Global Copper Supply Deficit Seen Until 2013

Mining experts are convinced that the global supply deficit could further push copper prices higher until the year 2013 to the benefit of mining companies world-wide, mining experts attending the CRU World Copper conference in Sanitago, Chile said today.

The Economy: It's Growing Solidly, The Jobs Market Says So

A strong jobs report will not be ignored at the Reserve Bank, but you bet there will be a flock of commentators, lobbyists and their employers who will ignore it and still insist that the Australian economy is sluggish, two speed and worse.

Metals: Copper Should Be Up, But Its Weak

Copper prices face a curious outlook in 2011.Despite a record hit in February, the metal has fallen by around 8%, while oil, gold and silver (other speculators' favourites) have hit new all time or recent highs.

Pages