Emma & Roe chain to shrink by 80%
Jewellery chain Michael Hill International will close 80 per cent of its struggling Emma & Roe stores at the cost of up to $7.9 million, with just six outlets surviving the cull. The Brisbane-based company on Tuesday said it expects to close 24 stores by June 30, with the remainder to be repositioned in previously…
Expectations versus Actual Performance for Top Tech Stock Picks for 2017
Next month investors will be treated to the annual extravaganza of “best stocks to buy for 2018” advisory articles. The predictions from stockmarket experts can be useful tools for developing watch lists of investment possibilities. However, sage investors temper exuberant expectations, recalling the famous adage accredited to Danish physicist Niels Bohr: • “It is very…
Market wrap: popular stocks
Market wrap and popular stocks at close on Friday. To see the latest data, click here to go to TheBull’s data centre for individual stock data and charts. S&P 200 (Monday) The publication of information…
Amazon buys video doorbell startup Ring
Amazon confirmed Tuesday that it bought video doorbell startup Ring, in a move that could help the internet giant’s delivery arm reach into people’s homes. Financial terms of the acquisition were not disclosed, but online reports valued the deal at more than a billion dollars. ‘We’re excited to work with this talented team and help…
Reporting Season: 9 Mining and Energy Stocks to Watch
Sharemarket bulls and bears have little in common beyond the desire to make money – yet both look to earnings season reports as potentially catalytic events. It’s not a simple matter of good or bad numbers, instead share prices can soar or plummet according to how the numbers fare relative to market expectations. In the…
SpaceX Dragon capsule successfully docks with ISS
The demonstration mission of SpaceX’s new Crew Dragon capsule successfully docked Sunday on the International Space Station, passing a key test before it can begin taking US astronauts into space.The docking of the capsule, which has only a dummy on board, was concluded at 1051 GMT, nearly 250 miles (400 kilometers) over the surface of…
ASIC appeals Westpac test case over advice
The corporate regulator is appealing a test case it lost against Westpac over the advice given to customers during a campaign encouraging them to roll over their superannuation accounts. The Australian Securities and Investments Commission has filed an appeal over a case that has wider implications for the wealth management industry because it centres on…
Zinc hits 3-month high on shortage fears
Zinc prices hit their highest in three months on Friday on worries that weak refined output in China could send the global market into deficit. Lead also hit a three-month peak after inventories dwindled, while the wider industrial metals market was boosted by a sliding US dollar. ‘The big question in zinc is smelter utilisation…
Renault to chart course for post-Ghosn era with new bosses
Renault is expected Thursday to appoint a new leadership duo to drive the French carmaker into an era without lynchpin Carlos Ghosn, who remains in a Japanese jail on financial misconduct charges. The firm is poised to select interim chief executive Thierry Bollore as CEO and the head of tyre manufacturer Michelin, Jean-Dominique Senard, as chairman….
Oil surges 3pct on OPEC glut-cut plan
Oil prices have jumped about 3 per cent, rising after OPEC detailed specifics on its production-cut activity to ease global oversupply, and on signs of progress in ending the US-China trade war. Brent crude was up $US1.52 to settle at $US62.70 a barrel, or 2.48 per cent. US West Texas Intermediate crude futures added $US1.73…
