Hard man too tough for Boral
A tough manager with a forceful personality, Mark Selway set a cracking pace in overhauling Australia’s largest building materials group.
Super Retail hatches plan to stem bike losses
Super Retail Group has hatched a plan to stem losses in its bicycle retail business by converting Goldcross stores into Amart sports stores.
Retail stocks face mundane times
As consumers continue to favour buying over the internet and desert bricks-and-mortar stores, the possibility of retail shares rebounding looks bleak.
Qantas splits domestic and international wings
Qantas has split its international and domestic operations as it seeks to stem losses from the struggling overseas arm by installing a dedicated management team charged with cutting costs and finding partners.
Bakrie visit lifts political profile
Indonesian businessman Aburizal Bakrie has met senior government and opposition figures in Canberra as an indication he is stepping up presidential bid in two years.
Macau casinos try to beat the odds
Macau’s $US34 billion gaming industry has an obstacle: with 28 million visitors and 21 per cent economic growth last year, Macau is confronting a severe labour shortage.
Leighton’s Johns rejects investor concerns
Leighton Holdings chairman Stephen Johns has dismissed investor concerns that majority shareholders Hochtief and Grupo ACS are strengthening their grip on the Australian contractor.
It doesn’t have to be this nasty: BCA
Updated | BCA president and Transfield chairman Tony Shepherd has called for a return to a less-confrontational approach to industrial relations by unions and employers.
China looks good for second half, says Xstrata
China’s demand for copper should improve in the second half of the year despite “problematic” economic conditions globally, says Xstrata’s Charlie Sartain.
Qld ranks $2bn Gladstone terminal ‘significant’
A consortium of high-powered businessmen have won state significant project status for a new $2 billion-plus coal terminal project at the industrial port of Gladstone.
Rio’s great barrier grief
Stevens | Tony Burke’s decision to send Rio Tinto’s South of Embley bauxite project into stasis in the name of the Great Barrier Reef is a political stunt.
CEO strategies on the block
He was in charge of the company for a decade but the meeting that ended his career only lasted minutes.
Bendigo firms for Ipswich tower
Leighton Properties is firming as favourite to snare a lucrative commitment from the listed Bendigo and Adelaide Bank.
Market sensitive announcements
| SGZ | 22/05/12 |
Crown Lease fo Cononish
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| EMU | 22/05/12 |
Reinstatement to Official Quotation
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| EMU | 22/05/12 |
Re-quotation of Securities
|
| RIC | 22/05/12 |
Full Year Earnings Guidance for Ridley
|
| CUV | 22/05/12 |
Clinuvel commences US Phase III trial of SCENESSE
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| RVR | 22/05/12 |
RC Drilling Results - East Kirup Project
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| AMO | 22/05/12 |
Profit Guidance
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| CWK | 22/05/12 |
Coalworks Responds to Whitehaven Announcement
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| BGH | 22/05/12 |
Bligh Commences Gold Exploration at Leonora
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| KGD | 22/05/12 |
Woodlark Project Update
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Local market indices
| ALL ORDINARIES | 4,173.5 | + 49.1 | + 1.19% |
| METALS & MINING | 3,432.6 | + 37.0 | + 1.09% |
| ENERGY | 12,589.2 | + 225.7 | + 1.83% |
| INDUSTRIALS | 3,455.6 | + 78.3 | + 2.32% |
| UTILITIES | 4,836.7 | + 28.7 | + 0.60% |
| A-REIT | 856.5 | + 5.7 | + 0.67% |
| TELECOMMS | 1,235.9 | + 18.1 | + 1.49% |
| INFO TECH | 503.7 | - 1.1 | - 0.22% |
| CONSUMER DISC | 1,262.8 | + 14.3 | + 1.15% |
| FINANCIALS | 4,025.6 | + 33.8 | + 0.85% |
| MATERIALS | 9,871.7 | + 121.5 | + 1.25% |
| S&P/ASX 200 RES | 4,115.1 | + 52.2 | + 1.28% |
| HEALTH CARE | 8,987.8 | + 85.2 | + 0.96% |
Clash of cultures at Boral
In a world in which management performance is mainly measured by financial ratios, it is easy to forget the importance of workplace culture.
More Greek muddle
Hewett | Berlin and Paris are in furious agreement that they’ll “do everything to keep Greece in the euro club’’, if not on how to achieve this.
Mentoring a better option than golf
Women who find informal business networks difficult to crack are turning to an external mentor for advice.
Flying high with the Iconia Tab A510
We struggled to get close to the 15-hour battery life claimed for this tablet. But in our other tests, the A510 performed a good deal better.
Resources Daily
‘Dark ages’ threaten Australian LNG
Australia’s “golden age” of gas could soon give way to the LNG “dark ages” amid rampant cost inflation, tax uncertainty, increased competition from North America and East Africa and a public backlash against coal seam gas, Bernstein Research has warned.
- BHP to fire up TEMCO operation
- China looks good for second half, says Xstrata
- NAB adds warning on LNG outlook
- Baillieu pressured to toughen coal seam gas laws
- Qld ranks $2bn Gladstone terminal ‘significant’
- Leighton’s Johns rejects investor concerns
- Whitehaven bid a bit low but no talks in sight
- Queensland to streamline major project regulation
- Flinders wrapped in Russian enigma
Walker capitalises on Hunter Valley coalmining
Property developer Lang Walker has bought 56.7 hectares of land near Maitland in the NSW Hunter Valley, hoping to tap into rising demand for housing as a result of coalmining in the area.
Financial Services
Affordability barriers hit life insurance firms
Australian life insurers will have to battle affordability barriers to grow market share amid one of the toughest business periods on record, an insurance chief says.
Perpetual sacks 40 managers in cost cutting
Perpetual has slashed its business development managers by more than half as it overhauls distribution and cuts deep to remove costs in preparation for its forthcoming strategic review.
DIYSuper
How to put in $50,000 – and get back 30pc
If they can get their act together in time, do-it-yourself super fund members have a one-off opportunity to maximise the tax deductible benefits of super contributions ahead of the reduction in contribution limits that applies from July 1.
Choosing between a lump sum and a pension
When it comes to your actual retirement, it’s hard to work out which is the best option for your retirement funds. The whole amount might look enticing, but consider all options before you make a decision.
Marketing & Media
Australian Twittersphere mapped
Queensland researchers have created the first map of the Australian “Twittersphere” to chart the trends and relationships of the country’s two million Twitter users.
- PMP confirms takeover talks with TMA
- Group buying sales tally hits $690m
- Fairytale TV ratings for Seven
- Slow start for Olympic sponsors
- Ad slump high on Fairfax’s agenda
- The ‘mood reel’ ads that leave us cold
- Make Google pay more tax: Turnbull
- Bikie Wars fails to dispel blues for undercooked ten
- Meet Ten’s new big game hunter
At last, a gadget that cuts out TV ads
A device that allows people to skip ads from television shows is likely to be a big hit with viewers but will meet with some fierce resistance.
Companies
FSC joins chorus against relaxed capital raisings
Pressure is mounting on the Australian Securities Exchange to back down from its push to relax rules around capital raisings.
Farmers to plant more wheat as price grows
GrainCorp chief executive Alison Watkins says a strong rebound in wheat prices in the past week could help encourage farmers to plant more wheat this year.
Enterprise
Tax reforms can foster start-ups
Entrepreneur Michael Malone says changes to tax policy are needed to nurture start-up businesses.
Q&A: Trust timing
We operate our business through a family trust. The profits are distributed each year to various family members. We sign off a resolution each year confirming the distributions. Normally our accountant organises this for us. Does it matter when we do this?
