Share (Stocks) Trading News

One of the largest financial institutions of Australia, Macquarie Group (MQG) is planning to close down its management trust that worth $10 billion and direct the investors into a deposit account which is market focused. Macquarie held the Government deposit guarantee as the reason due to which funds drained out from the trust. read more

Renowned domestic and global air transportation service provider Qantas Airways (QAN) has denied the claims presented by the union that a number of female employees were sacked by the company due to gender biasness. According to the Union, as many as fourteen female workers lost their jobs in the last month that were replaced by male workers who were able to double as the baggage handlers. read more

Nufarm (NUF), a company that manufactures and supplies various types of agricultural chemicals have posted a shocking $105 million worth of drop in its first-half earnings on Tuesday. The company came up with the announcement just before the investors were about to cast their votes on the fractional takeover from Japan based Sumitomo Chemical. read more

Roger Corbett, the chairman of Fairfax Media (FXJ) stated that despite the board of the company is currently very much effective and satisfied; the reconstruction of the company is not going to be complete until it includes another director in the team who has in good experience about the media. read more

Mining giant BHP Billiton’s (BHP) campaign to come out of the annual coking coal pricing is picking up its pace as the coal indexes are being set up for the first time. In addition to this, Teck resources, the second largest exporter of the world is going to join the campaign against benchmark pricing. Data provider Platts is currently looking forward to reveal a daily cash price which is believed to be targeting a start-up during mid-March. read more

The executive chairman of Seven Network (SEV) Kerry Stokes is looking forward to achieve further strength in the corporate sector through the $3 billion worth of merger of his mining and media operations. However, Mr. Stokes will be required to convince the market that the merger is going protect the best interest of the investors. read more

Rio Tinto (RIO), one of the largest mining companies of Australia have seen the beginning of a new era for its iron ore operations as the first load of iron ore was dispatched from its new Mesa A/Warramboo mine which is located 50 km. west of the township of Pannawonica. It is to be mentioned that the Mesa A/Warramboo is the part of the Robe River Joint Venture where Rio Tinto holds 53 percent ownership. read more

Wesfarmers (WES), an Australia based company that concentrates in the resource, retail, chemical and insurance business has posted a 1 percent first-half profit growth after the company’s Target divisions and Kmart went for offsetting $662 million fall in the earnings of its coal business. According to the Wesfarmers chief executive Richard Goyder, the result displayed a clear benefit of having a diversified business plan. read more

As a part of its plan to acquire 100 percent ownership of the Fisherman's Landing liquefied natural gas project which is located at Gladstone, the leading Australia base coal seam gas explorer and producer Arrow Energy (AOE) has flagged a $750 million float of the company’s global coal seam gas operation in either Hong Kong or Singapore. read more

Gail Kelly, the chief executive of Westpac (WBC) claimed that the worldwide financial meltdown is over. Her declaration came after Westpac- one of the largest banks of Australia saw its cash profit climbing up 33 percent to as much as $1.6 billion for the first quarter due to a sharp fall in bad debts. In her statement Mrs. Kelly said, it seems the worst of the financial crisis is over although the company is monitoring the development closely. read more

Australia based Crane Group Limited (CRG), a company that concentrates in the manufacture and distribution of copper tube, copper alloy rod, aluminium extrusions, bar extrusions and plumbing supplies have reduced its full-year outlook on Monday after it was reveled that the first-half earnings of the company was almost halved with key water projects in Australia drying up. read more

Australia’s largest telecommunication carrier Telstra (TLS), continues to struggle as a large number of analysts downgraded its share this week. The downgrading took place at a time when the company is planning to offload fresh block of shares in the market. The $66 billion worth of Future Fund of commonwealth, which holds 10.9 percent ownership of Telstra, will be able to go on with selling its stake from Tuesday next week. read more

One of the leading Australia based miner Rio Tinto (RIO), a company that focuses on the production of iron ore, copper and coal have seen a sharp rise in its share price after it revealed its better than expected annual earning figures on Thursday. While making statement on the earnings, Rio authority stated that the under lying profit of the company was as much as $US6.3 billion where previously the analysts expected it to be $US6 billion. read more

Australia based global manufacturer and wholesaler of building and construction materials Boral (BLD), a company that operates in Australia, United Sates and Asia is considering to take necessary steps in an attempt to reduce its costs after posting a 9 percent fall in the first half net profit to $68 million. In addition to that, Mark Selway, the newly appointed chief of the company admitted that the figures can get even worse in the second half. According to Mr. read more

Australand Property Group (ALZ), a renowned Australia based diversified property group that has operations in Sydney, Perth, Melbourne and south east Queensland posted a $298.2 million worth of net tax loss for the full year to December 31st, 2009 and stated that it is not expecting to see any pick up in earnings before the next year. read more

Chris Campbell, the ex- nickel executive has been appointed as the new iron ore president by mining giant BHP Billiton (BHP) as the merger of its West Australian iron ore projects with Rio Tinto gathers pace. The merger is expected to prompt top-level restructuring in the mining companies. Mr. Campbell, who was playing the lead role in the iron ore merger talks on behalf of BHP Billiton since last June will be replacing Ian Ashby. read more

One of the leading coal seam gas producers QGC, formerly know as Queensland Gas Company (QGC), which primarily focuses on exploration, production and supply of onshore gas have declared that it will spend more than $US3 billion on its liquefied natural gas (LNG) operation at Curtis Land, Queensland. QGC will invest the money in the project in next six months. read more

Australia based mining giant Rio Tinto (RIO) has taken fresh moves to enhance its ties with China by appointing a new managing director for that country. Rio stated that the new managing director- Ian Bauert will take new role for the company in China and will be based in Shanghai. One of the primary goals for Mr. read more

CSR Limited (CSR), a company that concentrates on the production of sugar and aluminum and manufacture of constructions and building materials have taken a major blow to its $3 billon worth of plan to demerge its operations after the court blocked the proposal on Wednesday. CSR authority previously planned to demerge its renewable energy and sugar business into spin-off named Sucrogen and another CSR company was suppose to maintain the aluminium, building products and property business. read more

Equinox Minerals (EQN), an Australia based global mineral exploration and development company that mainly concentrates on precious and base metals has managed to secure as much as $US580 million worth of funding from the international banks to clear its debt as the miner is working to give a boost to its Lumwana copper mine in Zambia which is fully owned by the company. read more