ASX lifts profit, boosted by listing services
In share trading, which is the only area where the bourse faces competition, revenues edged up just 0. 7 per cent to $33. 1 million. 4 ” /> Macquarie’s dirty little secret: Select clients...
Tagged: ASX
ASX at six-year high despite BHP plunge
NAB and Westpac gained 0. 9 and 0. 3 per cent to $34. 24 and $34. 88, respectively. “The banks are still implying earnings growth of about 9 per cent across the sector going...
Macquarie’s BrisConnections IPO handling under fire: report
By Staff Reporter The firm’s stock tanked by almost 60 per cent on its first trading day, with several Macquarie advisers reportedly forced to wear the losses on behalf of the clients. “They knew...
Arrium profit surges on iron ore exports
Steel and mining group Arrium has reported an 83 per cent jump in full-year underlying net profit to $296 million as growth in iron ore exports boosted earnings. The group’s mining consumables business reported...
Dick Smith FY profit beats forecast
By Maggie Lu Yueyang In June, Dick Smith said it beat its prospectus sales guidance after announcing unaudited pro forma sales of $1. 23 billion on a strong improvement in Australian sales. Australian sales...
Shares flat on split market, NAB update drags finance sector lower
By Simon Frazer The finance sector was also dragging on the market. NAB shares had fallen 1. 6 per cent after the bank posted a net profit of $1. 7 billion for the three...
Newcrest in profit but writedowns weigh
As foreshadowed in July, Newcrest has suffered asset impairments of $2. 35 billion, largely on the Lihir mine but there were also write downs linked to Bonikro, Hidden Valley and Telfer. The biggest gold...
Suncorp chief takes home $9.12m in 2014
By AAP Growth in Suncorp's insurance and banking operations boosted its 2013/14 annual profit by 49 per cent to $730 million, as the company lifted insurance premiums, incurred lower claims, and increased loans and...
Bank of Queensland CEO resigns
A fundamental transformation is in full swing, ranging from the implementation of systems to help digitise our processes through to advocacy to create a level playing field through the Financial System Inquiry,” he said....
Satellite business jumps on ASX debut
By Maggie Lu Yueyang Satellite network services provider Speedcast ended its first day of trading on the ASX with a 7. 7 per cent jump, suggesting solid support for its $150 million initial public...
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