Virgin profit doubles, restructure announced
Updated | Virgin Australia announced first-half net profit that more than doubled on a push into the domestic corporate market as the company proposed a split of its international and domestic airline units.
Better service helps DJs slow sales decline
Updated | David Jones has attributed better than expected second-quarter sales to improved service levels and the company's decision to reduce discounting before Christmas.
Fairfax plan to reignite fortunes
Fairfax Media unveiled a three-year plan to improve the company’s fortunes after reporting a 41 per cent plunge in interim net profit to $96.7 million after restructuring and impairment charges.
Toll to diversify to boost earnings
Logistics group Toll has warned of aggressive competition in its domestic business and said it would diversify away from fashion apparel to boost earnings as it reported a 3.7 per cent drop in net profit to $158 million.
Origin 61pc profit surge beats forecast
Origin Energy beat forecasts with a 61 per cent surge in first-half profit to $489 million boosted by its $3.25 billion acquisition of NSW power assets last year and lower spending.
Iluka posts $541.8m profit
China's hunger for mineral sands has helped propel Iluka's 2011 full year net profit 15 times higher from the previous year.
IAG profit $271m as margins slide
Updated | Insurance Australia Group has posted a first-half insurance profit of $271 million and reported a sharp fall in its margins because of the high costs from natural disasters.
New Perpetual boss gets tough on costs
Updated | Wealth manager Perpetual’s new chief executive says the company will aggressively cut costs as profits continue to fall and investment markets remain weak.
Restructuring charges push APN into red
APN News and Media swung to a full-year loss of $45 million after an impairment charge of $159 million associated with restructuring and other charges.
Brazil eyes move on Australian iron ore
Exclusive | Brazilian miner Vale is examining investment in iron ore assets in Western Australia to help overcome the disadvantage of the distance between Brazil and China relative to Australia and China.
Chanticleer | Virgin profits top Qantas
Virgin Australia is a bit like the Liberal Party at the moment. It sits back smugly as its main rival hogs the negative headlines.
Consumers keen to buy premium
Some of Australia’s biggest blue-chip brands are seeing signs of life in consumer confidence and are tentatively formulating more aggressive plans to gain market share.
Interim results calendar
Stay up to date with The Australian Financial Review’s 2012 interim results calendar.
Market sensitive announcements
| TTI | 3:56:00 PM |
Half Yearly Report and Accounts
|
| ATR | 3:56:00 PM |
31 December 2011 Half Year Report
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| KIS | 3:48:00 PM |
Half Year Accounts December 2011
|
| ZHE | 3:46:00 PM |
Suspension from Official Quotation
|
| KAR | 3:45:00 PM |
Karoon Browse Basin Drilling Program
|
| SEN | 3:44:00 PM |
Appendix 4D and Half Yearly Report
|
| ENV | 3:43:00 PM |
Correction to Record Date
|
| GFL | 3:36:00 PM |
Half Yearly Report and Accounts
|
| CIN | 3:33:00 PM |
Half Yearly Report and Accounts
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| LYL | 3:33:00 PM |
Half Yearly Report and Accounts
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Local market indices
| ALL ORDINARIES | 4,367.5 | - 4.6 | - 0.11% |
| METALS & MINING | 4,109.2 | - 18.6 | - 0.45% |
| ENERGY | 14,705.5 | + 264.2 | + 1.83% |
| INDUSTRIALS | 3,725.2 | + 11.4 | + 0.31% |
| UTILITIES | 4,642.8 | - 6.9 | - 0.15% |
| A-REIT | 812.4 | - 0.8 | - 0.10% |
| TELECOMMS | 1,112.2 | - 19.1 | - 1.69% |
| INFO TECH | 507.2 | - 4.8 | - 0.94% |
| CONSUMER DISC | 1,265.5 | + 1.6 | + 0.13% |
| FINANCIALS | 4,004.4 | - 18.5 | - 0.46% |
| MATERIALS | 11,532.0 | - 43.3 | - 0.37% |
| S&P/ASX 200 RES | 4,878.8 | + 6.0 | + 0.12% |
| HEALTH CARE | 8,131.2 | + 73.4 | + 0.91% |
Coleman vague on exploration plans
In his heads-down, low-key way, Peter Coleman seems to be paving the way for some potentially significant changes at Woodside.
No free kicks in a tough market
A couple of things are clear from Ten Network Holdings earnings downgrade and Seven West Media’s interim profit.
Fizz goes out of Coca-Cola’s result
Terry Davis was over-egging the omelet when he said the bottler’s 2011 result was one of the best.
Why the internet of things is the next big thing
The ‘Internet of Things’ is probably the most apt description for the seismic shift blurring the lines between worlds.
OneSteel mulls what’s in a name
Geoff Plummer’s is an executive life invested on either side of Australia’s economic paradox. Plummer, you see, runs OneSteel.
Resources Daily
Brazil eyes move on Australian iron ore
Exclusive | Brazilian miner Vale is examining investment in iron ore assets in Western Australia to help overcome the disadvantage of the distance between Brazil and China relative to Australia and China.
- Origin 61pc profit surge beats forecast
- Iluka posts $541.8m profit
- BHP puts TEMCO on care and maintenance
- Lynas fights delay to Malaysia rare earths licence
- Blackthorn hits paydirt with copper find
- Ausdrill profits from positive resources outlook
- Feeling at home in a sweet spot
- Toll to diversify to boost earnings
Boom’s glory days drawing to a close
Australia’s resources boom is beginning to fade and most analysts expect the iron ore price to halve over the next three years.
Financial Services
New Perpetual boss gets tough on costs
Updated | Wealth manager Perpetual’s new chief executive says the company will aggressively cut costs as profits continue to fall and investment markets remain weak.
IAG profit $271m as margins slide
Updated | Insurance Australia Group has posted a first-half insurance profit of $271 million and reported a sharp fall in its margins because of the high costs from natural disasters.
DIYSuper
Advice fight heats up
The government is expected to make an announcement this month on the level of financial advice accountants can give clients.
What happens to super contributions when you’re over 65?
Is it true the rule that allows you to make three years worth of non-concessional super contributions in a single year does not apply after the age of 65?
Marketing & Media
Fairfax plan to reignite fortunes
Fairfax Media unveiled a three-year plan to improve the company’s fortunes after reporting a 41 per cent plunge in interim net profit to $96.7 million after restructuring and impairment charges.
- Restructuring charges push APN into red
- Cherie Blair suing over phone hacking
- Why the internet of things is the next big thing
- Shares drop as Ten flags earnings fall
- Leckie hopeful on ad outlook
- Hacking suspect pleads guilty to conspiracy
- Remember Lachlan? Rupert does
- News Corp must act, top US investor warns
- Expansive role for McLennan
No free kicks in a tough market
A couple of things are clear from Ten Network Holdings earnings downgrade and Seven West Media’s interim profit.
Companies
About 330 jobs at risk in BHP Tas plant
About 330 jobs may be at risk at BHP Billiton's Tasmanian manganese alloy plant as it undertakes a three-month review of the 50-year-old operation.
Sydney Airport reports loss, gains stake
The company running Sydney Airport has reported a full year tax loss after striking a deal to sell its stake in two European airports.
Enterprise
Franchises buy up the supply chain
Established franchise businesses whose growth has slowed are looking at their options, including buying up suppliers.
Allied health to suffer
Health professionals running small businesses fear the impact of means testing health insurance.
