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Recent and archived work by AAP for The Bull:

Target AHG downgrades FY profit guidance

Takeover target Automotive Holdings has downgraded its profit guidance and warned that its full-year results could also contain writedowns. AHG – which last week recommended an improved offer from rival auto retailer AP Eagers – said on Tuesday that challenging retail conditions and subdued trade in its refrigerated logistics division around Easter meant it expects…

Ruralco profit dips 3.7% on takeover costs

Ruralco’s first-half profit has dipped 3.7 per cent to $15.5 million after a jump in one-off costs including those associated with the agribusiness company’s proposed acquisition by Canadian fertiliser maker Nutrien. Revenue rose 2.7 per cent to $686.1 million and Ruralco raised its interim dividend after underlying profit was stable in line with guidance, but…

Girl stumbles on gold nugget near Bendigo

A young girl has stumbled across a gold nugget, estimated to be worth more than $30,000, near Bendigo. She was on a walk with her father, sister and dog on Sunday when they made the glittering find, the Bendigo Advertiser has reported. “I actually walked right past it but my daughter pretty much kicked it…

Kathmandu appoints CFO after role split

Kathmandu has appointed Chris Kinraid as chief financial officer as the New Zealand-based company makes a change it hopes will help it expand internationally. The outdoor clothing and equipment retailer said Tuesday it was splitting the previously combined CFO and chief operating officer roles, with Reuben Casey continuing as the latter with additional responsibilities. The…

Confidence slips after RBA holds rate: ANZ

Consumer confidence fell last week as Australians’ perception of the economy at large took a sharp negative turn following the central bank’s decision not to cut the cash rate, ANZ analysts say. The ANZ-Roy Morgan Australian Consumer Confidence index slid by 2.1 per cent from the previous week, with the “time to buy a household…

Gold eyes best day in three months

Gold prices climbed and were on track for their best day in nearly three months overnight as investors sought a safe haven from market turmoil triggered by a Chinese announcement that it will retaliate over levies imposed by the US government. Spot gold climbed 1.1 per cent to $US1,299.30 per ounce after hitting $US1,301.10, its…

ASX expected to fall as Wall Street slumps

The Australian share market is expected to open lower after large falls on Wall Street overnight. The SPI200 futures contract was down 54 points, or 0.86 per cent, at 6,243.0 at 0700 AEST, suggesting a negative start for the benchmark S&P/ASX200 on Tuesday. On Wall Street, the Dow Jones Industrial Average was down 2.38 per…

Trump to meet Xi as China sets new tariffs

US President Donald Trump says he will meet with Chinese President Xi Jinping next month and expects their discussions will be “very fruitful”, as the trade war between the world’s two largest economies intensified. Earlier on Monday, China announced higher tariffs on a range of US goods including frozen vegetables and liquefied natural gas. The…

Zebpay crypto exchange sets up in Aust

A large cryptocurrency exchange that was virtually pushed out of India has praised Australia’s clear stance on digital currencies as it set up shop here. Zebpay says Australia’s clarity on cryptocurrency was a major reason it chose to open offices in Melbourne and Sydney this month, joining more than 240 cryptocurrency exchanges registered nationwide. The…

Wall St shudders as trade war intensifies

Wall Street sank after China defied Washington by announcing retaliatory tariffs, the latest salvo in the two countries’ increasingly belligerent trade war, sending investors fleeing equities for less risky assets. All three major US indexes lost ground on Monday in a widespread sell-off, with the tech-heavy Nasdaq posting its biggest one-day percentage loss this year….