Aaron Bunch Journalist with Australian Associated Press | Collection of published work | + 61 484 008 119 | abunch@aap.com.au
Archive for December, 2017
Better times ahead for Orica: Calderon
Predictions of better prices and an improved outlook for chemical shipments have helped lift shares in explosives giant Orica. December 15, 2017 Orica shares have climbed after the company flagged an improved outlook for chemicals sales and new contracted pricing. CEO of the the explosives and industrial chemicals maker, Alberto Calderon, told shareholders at the […]
Banks, property, healthcare pull ASX lower
Financial stocks have dragged on the Australian share market which is lower at noon, while healthcare and property stocks have also weighed. December 15, 2017 The Australian share market is lower at noon, weighed down by falls in finance, healthcare and property stocks. The benchmark S&P/ASX200 stock index was down 19.8 points, or 0.33 per […]
A review of the week’s economic data
A review of this week’s economic data, December 11 to December 15. December 15, 2017 CORELOGIC CAPITAL CITY HOUSE PRICES The number of homes going under the hammer across the nation bounced back from a two-year low in the week to December 10, but house prices hardly moved. More than 3,350 auctions were held across […]
Stocks of interest on the ASX this week
Stocks of interest on the Australian share market. December 15, 2019 RFG – Retail Food Group – down $1.55, or 35.2 per cent, to $2.85Australia’s largest multi-brand food retailer, which includes the Gloria Jean’s, Brumby’s Bakery and Crust Pizza brands, has been accused of mistreating franchisees, including charging hefty fees that have driven some to […]
Microsoft teams up with Aussie tech firm
An Australian tech firm’s shares have skyrocketed on news it will team up with Microsoft to supply software to the global giant. December 14, 2017 Australian software company LiveTiles has announced it will team up with Microsoft, sending the tech firm’s shares soaring by more than 40 per cent. Microsoft will rollout LiveTiles’ software, which allows […]
Mortgage broking couple banned by ASIC
A husband and wife mortgage broking team have been permanently banned by ASIC after the couple ignored an earlier ban and continued to process loans. December 14, 2017 A husband and wife mortgage broking team have been permanently banned by the corporate watchdog after the couple continued to process home loans despite an earlier ban. […]
Ten appoints new chief operating officer
Ten Network has made its first leadership change following its takeover by US media giant CBS. December 14, 2017 Ten Network has made its first leadership change following its takeover by US media giant CBS. The broadcaster has appointed director of corporate and regulatory affairs Annabelle Herd to the newly created role of chief operating […]
Gains by miners and energy push ASX higher
The morning’s strong gains in energy and mining stocks have helped push the Australian share market higher by noon. December 14, 2017 The Australian share market is higher at noon following strong gains by mining and energy stocks. The benchmark S&P/ASX200 stock index was up 10.2 points, or 0.17 per cent, at 6,032.0 points at […]
Gas challenge not over, AiGroup warns
Australia’s peak industry lobby group says gas prices are still not affordable for business despite signs the market is improving. December 13, 2017 Australia’s peak industry body has warned manufacturers still face damaging gas prices despite a report showing improvements in the market. The Australian Industry Group has welcomed a new report from the Australian Competition […]
Former CBA financial planner fined
A former CBA financial planner has been fined $3,000 after pleading guilty to forging client signatures. December 13, 2017 A former Commonwealth Bank financial planner has been fined $3,000 for forging client signatures on documents. Ricky David Gillespie, a former senior financial planner at Commonwealth Financial Planning, pleaded guilty in October to one charge related […]
Toilet paper maker issues profit warning
Asaleo Care, the company behind the Sorbent and Libra brands, says it expects a fall in net profit in 2017. December 12, 2017 Shares in the company behind the Sorbent and Libra brands have fallen after it warned of a drop in full year profit. Asaleo Care said it expects to make a net profit […]
ASX flat despite gains by miners, energy
The Australian share market is flat at noon, as gains by the big miners and energy sector is offset by a fall in health and retail stocks. December 12, 2017 The Australian share market is flat at noon AEDT with solid gains by the big miners and energy stocks offset by falls in the retail […]
Financial concerns weigh on confidence
Consumer confidence declined in the week to December 10, reversing the previous week’s improvement. December 12, 2017 Consumer confidence has slipped due to a drop in sentiment towards the health of household finances. The latest ANZ-Roy Morgan Consumer Confidence Index shows a 0.6 per cent decline to 115.1 points in the week to December 10, […]
Shark finder changes name for bigger bite
The Australian-makers of a sonar shark detection system have dropped their self-describing moniker to chase bigger fish. December 8, 2017 The Australian maker of a sonar-based shark detection system, which was recently adopted for trial in southern California, has dropped its toothy name as it chases bigger fish. Perth-based Shark Mitigation Systems, which debuted on […]
Banks, energy boost Aust share market
The local share market is up at noon following strong gains in the energy and financials sectors. December 8, 2017 The Australian share market is up at noon thanks to strength in banking and energy stocks following a rise in the oil price and the latest stage of global banking reforms. The benchmark S&P/ASX200 stock […]
A review of the week’s economic data
A review of this week’s economic data, December 4 to December 8. December 8, 2017 CORELOGIC CAPITAL CITY HOUSE PRICES Australia’s capital city property markets continued to slow, with prices and auction activity flat in the week to December 3. Home values in Sydney dropped 0.2 per cent, while Perth, Melbourne and Adelaide added 0.1 […]
Stocks of interest on the ASX this week
Stocks of interest on the Australian share market. December 8, 2017 HVN – Harvey Norman – up 18 cents, or 4.5 per cent, to $4.20 Better-than-expected retail spending figures for October and Amazon’s underwhelming Australia launch boosted furniture and electrical goods retailer Harvey Norman. MTC – METALSTECH – up 6.5 cents, or 22.8 per cent, […]
Local shares climb with most sectors up
The Australian share market has continued its climbed with gains spread across most sectors. December 7, 2017 The Australian share market has built on its morning momentum with gains in nearly every sector. The benchmark S&P/ASX200 stock index was up 29.4 points, or 0.5 per cent, at 5,975.1 points at 1200 AEDT. Strength across the […]
Yowie chocolates expands further into US
The conservation-themed treats made by chocolate maker Yowie Group will soon be on more store shelves across the US, including 1,250 Target outlets. December 7, 2017 Australian chocolate maker Yowie is stepping up its expansion in the US, quadrupling the number of Target stores stocking its character-themed treats and moving into more than 8,000 convenience […]
‘Creepy’ technology puts off consumers
“Creepy” intuitive technology and a lack of trust with personal information is challenging brands offering customised shopping experiences, a study has found. December 6, 2017 Consumers don’t trust companies with their personal information and many think technology that knows when their fridge needs refilling is creepy, a study has found. A big challenge for companies […]
Aust shares recoup some morning losses
The Australian share market has recovered some of the early losses but the miners and energy stocks continue to drag. December 6, 2017 Gains by financial and telco stocks have failed to offset the mining and energy sectors’ falls with the Australian share market still down at midday. The benchmark S&P/ASX200 stock index was down […]
Consumers ‘misled by Voltaren advertising’
Consumer watchdog is taking two pharmaceutical companies to court over allegations they falsely advertised painkilling products. December 6, 2017 The consumer watchdog is taking two pharmaceutical companies to Federal Court over allegations they falsely claimed a painkilling product was capable of targeting specific conditions. The Australian Competition and Consumer Commission alleges the local divisions of […]
Aust share market is flat at midday
The Australian share market has hauled itself out of its red to be flat at midday, but retail, energy, utilities and telcos are the only sectors in the green. December 5, 2017 A bounce in retail stocks following a softer-than-expected launch for Amazon is one of the few bright spots in a flat Australian market […]
Service sector activity edges up in Nov
The Australian Industry Group’s Performance of Services Index rose 0.3 points in November, keeping service sector activity in expansion mode during the month. December 5, 2017 Australian services sector activity has edged higher for a second month but growth is still below the 12-month average. The Australian Industry Group’s Performance of Services Index rose 0.3 […]