GLOBAL investment house Merrill Lynch has reduced its annual earnings forecasts for Woolworths but says the nation’s largest retailer is still in great shape.
Archive for June, 2008 Page 2 of 21
FUND manager City Pacific has cut its operating earnings outlook by as much two thirds after its exposure to the global credit crunch.
FUEL refiner Caltex Australia says it expects first half net profit to fall by up to 40 per cent due to flat petrol sales, lower margins and plant shutdowns.
SHARES in ABC Learning Centres revived from seven-year lows yesterday on completion of a US sale and talk of British deals.
THREE of the biggest names able to attract mining speculators came together yesterday when Andrew ‘Twiggy’ Forrest persuaded US investor Philip A. Falcone to put $US50 million ($52 million) into the Poseidon Nickel venture to try to build Australia’s third-biggest nickel mine.
SHARES in conglomerate Wesfarmers slumped yesterday after it revealed that the West Australian gas crisis would erode its second-half earnings.
OUTGOING Futuris boss Les Woznickza made himself an extra $1 million yesterday as investors cheered by his resignation from the firm pushed the company’s share price up 23 per cent.
TELSTRA has slammed the formation of a special Senate committee to investigate the Rudd Government’s $4.7 billion national broadband network tender.
BELEAGURED businessman Paul Choiselat has been cut a break and will not have to pay costs in part of his case against the ANZ over collapsed broker Opes Prime.
TAKEOVER target St George Bank remains on track to meet its earnings growth target for fiscal 2008 and says that its credit quality is strong.
