All news

Bendigo & Adelaide Bank Half Year Result – BEN boosts profits through loan growth

Bendigo & Adelaide Bank Half Year Result – BEN boosts profits through loan growthBendigo and Adelaide Bank has recorded a near 11% lift in cash profit to $225.3 million. This result was helped by growth in owner occupied loan activity, even with a tighter regulatory environment.  Click Here to view report & videohttps://www.commsec.com.au/market-news/reporting-season/feb-18/BendigoandAdelaideBankLtd-BEN-half-year-results-2018What is reporting…

JB Hi-Fi (JBH) Half Year Result – JBH lifts half year profits but disappoints on annual guidance

JB Hi-Fi (JBH) lifts half year profits but disappoints on annual guidanceDiscount retailer JB Hi-Fi has posted a largely in-line with consensus 37.4% lift in statutory net profit to $151.7m. Its shares have still pushed lower however, due to lower than hoped guidance for the full year.Click Here to view report & videohttps://www.commsec.com.au/market-news/reporting-season/feb-18/JBHi-FiLtd-JBH-half-year-results-2018What is reporting…

$1.4b collected in welfare crackdown

A Turnbull government crackdown on welfare fraud has netted $1.4 billion for the budget bottom line over the past 18 months. From July 2016 to the end of last year, the human services department investigated more than 1400 cases of potential welfare fraud, asking prosecutors to pursue 956 of these. One case ultimately resulted in…

Aussie market in for another volatile week

Traders are preparing for another week of volatility when the Australian share market resumes with investors adjusting their portfolios in the wake of official corrections in the United States. A late rally in the US on Friday saw the Dow Jones finish 330 points higher – almost 1.4 per cent – but experts suggest the…

Jobs, wages ‘don’t grow on trees’: Cormann

Finance Minister Mathias Cormann has again pressed the case for lower business taxes, saying they will help the success of firms and allow them to hire more and pay higher wages. “We want to secure more jobs and higher wages. More jobs and higher wages don’t grow on trees, they are created and paid for…

Labor to push Joyce over jobs for partner

Labor will continue to pursue Barnaby Joyce over what special treatment may have been afforded his now-pregnant partner – but insists it doesn’t want to cause any more distress to the deputy prime minister’s family. The government maintains there was nothing untoward about the jobs Vikki Campion held in National Party MPs’ offices after she…

Finance Week for February 11 – 17

DIARY OF AUSTRALIAN FINANCE: Sunday, February 11 to Saturday, 17. (*Some items may change due to company/organiser re-arrangements. To advise of amendments please email AAP Finance Desk: [email protected]). SUNDAY, February 11 No items listed MONDAY, February 12 Melbourne – Royal Commission into misconduct in the banking, superannuation and financial services industry holds initial public hearing…

The Week Ahead

In Australia, the January job report together with estimates of business and consumer confidence are the key indicators in Australia in the coming week. Reserve Bank Governor Philip Lowe appears before the House of Representatives’ Standing Committee on Economics on Friday. An update on monetary policy and recent economic developments is expected.The main interest in…

Aust shares close weaker after US plunge

Australian shares have closed lower in the wake of another overnight collapse on Wall Street but local losses were relatively contained as many Asian markets tumbled steeply. The benchmark S&P/ASX200 index ended Friday down 0.9 per cent at 5,838.0 points, leaving it down 4.6 per cent for the week. In late trading Japan’s Nikkei was…

Lew tears into Myer after profit warning

Solomon Lew is calling on fellow Myer shareholders to “save the company” with a board spill after shares in the troubled retailer plummeted to a fresh all-time low on the back of its latest profit warning. Shares in the department store chain fell as much as 12.4 per cent on Friday after it warned it…