User login

Google Friend Connect

loading...
Syndicate content
EBIT

REDGroup Retail will be colouring its books red

WHAT a difference six months makes. At the start of the year REDGroup Retail, owner of the Borders and Angus & Robertson book chains, figured prominently in the suite of retail floats pencilled in for 2010. Investors dodged a bullet when float talk went quiet as markets softened. The
WHAT a difference six months makes. At the start of the year REDGroup Retail, owner of the Borders and Angus & Robertson book chains, figured prominently in the suite of retail floats pencilled in for 2010. Investors dodged a bullet when float talk went quiet as markets softened. The
Article image

Profit shiver rattles spine of book seller

Investors dodged a bullet when float talk went quiet as markets softened. The private equity-backed REDgroup is now at risk of drowning under its $175 million debt burden as profits evaporate. After recording pre-tax profit of $19.5 million for the six months to February, the company has
Investors dodged a bullet when float talk went quiet as markets softened. The private equity-backed REDgroup is now at risk of drowning under its $175 million debt burden as profits evaporate. After recording pre-tax profit of $19.5 million for the six months to February, the company has

Daimler predicts a big profit for 2010

AFP A strong recovery by premium car makers has led the German group Daimler to ramp up output and forecast a handsome profit for 2010. Daimler raised its core earnings guidance for the year to six billion euros ($A8.65 billion) as second-quarter net profit pulled from a loss to
AFP A strong recovery by premium car makers has led the German group Daimler to ramp up output and forecast a handsome profit for 2010. Daimler raised its core earnings guidance for the year to six billion euros ($A8.65 billion) as second-quarter net profit pulled from a loss to
Article image

GUD announces record profit

Underlying net profit increased 24 per cent after allowing for significant items in the prior corresponding period, GUD said. Shares in GUD were up 14 cents, or 1.59 per cent, at $8.93 in early afternoon trade, about double the gain on the overall market. Revenue rose two per cent to
Underlying net profit increased 24 per cent after allowing for significant items in the prior corresponding period, GUD said. Shares in GUD were up 14 cents, or 1.59 per cent, at $8.93 in early afternoon trade, about double the gain on the overall market. Revenue rose two per cent to

GUD announces record profit

AAP GUD Holdings Ltd, which owns the Sunbeam and Emjoi electrical brands, says a stronger Australian dollar and selective price rises helped increase full-year profit 33 per cent to a record $46.4 million. Underlying net profit increased 24 per cent after allowing for significant
AAP GUD Holdings Ltd, which owns the Sunbeam and Emjoi electrical brands, says a stronger Australian dollar and selective price rises helped increase full-year profit 33 per cent to a record $46.4 million. Underlying net profit increased 24 per cent after allowing for significant
Article image

Ferret"s stock to watch

RWE Shares of Foster's Group rose 8c to $5.97, the best price in three weeks as market speculation is brewing that a takeover bid may be coming out of the woodwork. At the moment the company is trying to get its house in order, especially its wine division. In Ferret's younger
RWE Shares of Foster's Group rose 8c to $5.97, the best price in three weeks as market speculation is brewing that a takeover bid may be coming out of the woodwork. At the moment the company is trying to get its house in order, especially its wine division. In Ferret's younger
Article image

Sydney Airport improves earnings | Corporate profit

Sydney Airport has achieved a double-digit increase in earnings for the first half of calendar 2010. The airport has reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $367.23 million in the six months to June 30, 2010, up 12.9 per cent from the prior
Sydney Airport has achieved a double-digit increase in earnings for the first half of calendar 2010. The airport has reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $367.23 million in the six months to June 30, 2010, up 12.9 per cent from the prior
Article image

Sydney Airport improves earnings

AAP Sydney Airport has achieved a double-digit increase in earnings for the first half of calendar 2010. The airport has reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $367.23 million in the six months to June 30, 2010, up 12.9 per cent from the
AAP Sydney Airport has achieved a double-digit increase in earnings for the first half of calendar 2010. The airport has reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $367.23 million in the six months to June 30, 2010, up 12.9 per cent from the
Article image

Dulux"s pretty picture, Part II

We took an initial look at the newly-floated DuluxGroup on Monday, concentrating on its high profile paint business. But DuluxGroup isn't just about Dulux paint. About 75% of the company's sales come from its ''coatings'' brands, including Dulux, British Paints, Berger, Cabot's
We took an initial look at the newly-floated DuluxGroup on Monday, concentrating on its high profile paint business. But DuluxGroup isn't just about Dulux paint. About 75% of the company's sales come from its ''coatings'' brands, including Dulux, British Paints, Berger, Cabot's
Article image

Amcor sells Spanish business for $134m

AAP Paper maker and packager Amcor Ltd has sold its Tobepal operations in Spain for 92 million euros ($A134.24 million). The transaction, with Constantia Packaging AG, was required by the European Commission when it approved Amcor's acquisition of parts of the Alcan Packaging
AAP Paper maker and packager Amcor Ltd has sold its Tobepal operations in Spain for 92 million euros ($A134.24 million). The transaction, with Constantia Packaging AG, was required by the European Commission when it approved Amcor's acquisition of parts of the Alcan Packaging
Article image

Peoplebank may need to sharpen its pencil

VALUE investors sitting on the Ross Human Directions register will be hoping the 61.5¢-a-share offer unveiled by Peoplebank this week is just the first step to receiving a fair reward for their loyalty to the recruitment specialist. While the $55 million offer is pitched at a 60 pe
r
VALUE investors sitting on the Ross Human Directions register will be hoping the 61.5¢-a-share offer unveiled by Peoplebank this week is just the first step to receiving a fair reward for their loyalty to the recruitment specialist. While the $55 million offer is pitched at a 60 pe
r
Article image

Recruitment drive for Ross share offer

Value investors sitting on the Ross Human Directions register will be hoping that the 61.5¢ a share offer unveiled by Peoplebank this week is just the first step towards receiving a fair reward for their loyalty to the recruitment specialist. While the $55 million offer is pitched a
t
Value investors sitting on the Ross Human Directions register will be hoping that the 61.5¢ a share offer unveiled by Peoplebank this week is just the first step towards receiving a fair reward for their loyalty to the recruitment specialist. While the $55 million offer is pitched a
t
Article image

Real health of Healthscope deal is in the detail

EXTRACTING a generous $6.26-a-share offer in shaky markets was a solid start, but where Healthscope's bankers from Goldman Sachs and Lazard really earned their success fee was in persuading TPG and the Carlyle Group to frame a proposal that allowed shareholders to sleep easily. This
EXTRACTING a generous $6.26-a-share offer in shaky markets was a solid start, but where Healthscope's bankers from Goldman Sachs and Lazard really earned their success fee was in persuading TPG and the Carlyle Group to frame a proposal that allowed shareholders to sleep easily. This
Article image

Healthscope falls to $2.7b bid

Healthscope announced yesterday that after an exhaustive three-month process it would recommend that shareholders accept a $6.26 a share cash offer worth $2.7 billion from the pair, representing a 16 per cent premium on the closing price of $5.40 on Friday. This is the largest private equity
Healthscope announced yesterday that after an exhaustive three-month process it would recommend that shareholders accept a $6.26 a share cash offer worth $2.7 billion from the pair, representing a 16 per cent premium on the closing price of $5.40 on Friday. This is the largest private equity

NQM unveils net profit fall

The miner, the subject of a takeover battle between Conquest Mining Ltd and Heemskirk Consolidated Ltd, recorded a net profit in fiscal 2010 of $4.5 million, it said today. The result for the year to June 30 is 19 per cent down on last year's figure of $5.6 million. NQM said its net profit
The miner, the subject of a takeover battle between Conquest Mining Ltd and Heemskirk Consolidated Ltd, recorded a net profit in fiscal 2010 of $4.5 million, it said today. The result for the year to June 30 is 19 per cent down on last year's figure of $5.6 million. NQM said its net profit

Dulux paints a pretty picture

For an otherwise robust brand, Dulux leaves something to be desired. The logo is unremarkable and the accompanying slogan isn't memorable. Yet, when it comes to paint, Dulux is the name you'll know. Few of us can tell one tin of paint from another, but Dulux is the ''no-brainer'' decision.
For an otherwise robust brand, Dulux leaves something to be desired. The logo is unremarkable and the accompanying slogan isn't memorable. Yet, when it comes to paint, Dulux is the name you'll know. Few of us can tell one tin of paint from another, but Dulux is the ''no-brainer'' decision.

NQM unveils NPAT fall

AAP Takeover target North Queensland Metals Ltd (NQM) says its unaudited full year profit has fallen due to greater exploration, impairment and corporate costs, but it forecast better times ahead. The miner, the subject of a takeover battle between Conquest Mining Ltd and Heemskirk
AAP Takeover target North Queensland Metals Ltd (NQM) says its unaudited full year profit has fallen due to greater exploration, impairment and corporate costs, but it forecast better times ahead. The miner, the subject of a takeover battle between Conquest Mining Ltd and Heemskirk
Article image

Mercedes sales rev up Daimler profits

AFP Daimler on Friday reported a second quarter operating profit of 2.1 billion euros ($A3.07 billion), reversing a year-earlier loss of one billion euros and exceeding market expectations. The group said its sales in the three months to June jumped to 25.1 billion euros ($A36.74 billion)
AFP Daimler on Friday reported a second quarter operating profit of 2.1 billion euros ($A3.07 billion), reversing a year-earlier loss of one billion euros and exceeding market expectations. The group said its sales in the three months to June jumped to 25.1 billion euros ($A36.74 billion)

Sigma downgrades profit guidance on higher corporate costs

The drugs maker and distributor said it expects reported net profit to January 2011 to be in the range of $43 million to $47 million, down from earlier guidance of around $80 million. Sigma's result in fiscal 2010 was a net loss of $389 million, following net profit of $80.1 million in
The drugs maker and distributor said it expects reported net profit to January 2011 to be in the range of $43 million to $47 million, down from earlier guidance of around $80 million. Sigma's result in fiscal 2010 was a net loss of $389 million, following net profit of $80.1 million in
Article image

Rio forecasts growth even as iron ore output falls

Rio Tinto says growth is firmly back on its agenda and has a range of expansion and investment options competing for capital. The company said that although global iron ore production was 2 per cent lower in the second quarter of 2010 than the same period last year, first-half
Rio Tinto says growth is firmly back on its agenda and has a range of expansion and investment options competing for capital. The company said that although global iron ore production was 2 per cent lower in the second quarter of 2010 than the same period last year, first-half
Article image