Our banks are the world s most profitable. Hooray..?
Westpac is the world s most profitable bank, according to a survey by Boston Consulting Group. This is terrific news for shareholders, but may make Westpac s customers wonder who is paying for these...
View ArticleWhat s the latest with the miners?
Rio Chinalco As Rio s board of directors discusses the Chinalco alliance, only one Australian voice remains. Rod Eddington has chosen to stand aside from voting on this issue, due to a perceived...
View ArticleMonday 2nd March 2009 MDS Morning Wrap
Presented by Michael Hevern MDS Financial Click here to watch the presentation. or Click here to download the mp3 audio recording (1237Kb). *************************************************** In this...
View ArticleTelstra sells its IT unit
Telstra has announced a $200 million deal to sell off its IT services arm, KAZ Group, to Fujitsu. In a statement this morning, Telstra said IT services were no longer a strategic priority for the...
View ArticleWhite knight claims check mate
Nicholas Bolton has gained $4.5 million, and a few angry enemies. His dramatic last-minute sell-out, negotiated last week but only revealed to BrisConnections shareholders yesterday, effectively leaves...
View ArticleRio's plan to appeal to shareholders
Rio is thought to be exploring ways to make the Chinalco deal more palatable to investors. According to the Financial Times, Rio and Chinalco are trying to address shareholders concerns regarding the...
View ArticleCBA earns $1bn, slashes dividend
In disappointing news for shareholders, the CBA plans to slash its dividend by 25% to $1.15 a share, in an effort to protect itself from the impact of the weakened economy, rising unemployment and a...
View ArticleCSL wins U.S. vaccine contract
The U.S. government has placed a $232 million order with Australian pharmaceutical company CSL for a swine flu vaccine. The vaccine for the type A (H1N1) influenza is still in development but clinical...
View ArticleTuesday, 9th June 2009 Morning Wrap
Presented by Michael Hevern MDSFinancial Click here to watch the presentation. or Click here to download the mp3 audio recording (869Kb). General Advice Only...
View ArticleGood results for Fairfax
Fairfax had some good news for shareholders yesterday, posting an increase in underlying earnings of 37%, and a return to profitability. Cost cutting and a rise in digital advertising revenue have...
View Article
More Pages to Explore .....