Little wonder then that investors boosted Noni B’s share price by 35% yesterday in celebration.
Jb hi fi
JB Hi-Fly
Executives at JB Hi-Fi are currently popping champers and nibbling caviar, no doubt chuffed that the electronics retailer’s full-year profits have risen 26 percent. CEO Terry Smart credits government stimulus and low interest rates.
Clive Peeters gone … $160m debt too much for NAB
The board of retailer Clive Peeters yesterday appointed McGrath Nichol to act as administrator of the company after the company’s banker, NAB, refused to provide new funding to the retailer.
Our top five good-value CEOs for 2009
Some Australian CEOs are worth their pay cheques. Here’s the pick of the top five boardroom bunch for 2009.
Morning Market Report: CSL announces $1.59bn share buyback
CSL Ltd has announced it will undertake a $1.59bn share buyback after the $3.1bn takeover of Talecris fell through.
Australians complacent on economy, analysts warn
Economists warned Australia to brace for the impact of a downturn in demand for its strongly performing export sector.
Misplaced optimism at United Group and JB Hi Fi
In consecutive days, market darlings, United Group and JB Hi Fi have “disappointed” investors with profit increases of 46 percent and 49 percent respectively. One thing that Leupen and Uechtrtritz may be guilty of is failing to dampen investor over-enthusiasm regarding their respective share prices, writes Adam Schwab.
Coles quietly slips away
The penultimate chapter in the sad recent history of Coles was played out this morning. Coles announced their last financial results as an independent retailer. A quiet little affair was arranged for the event. CEO John Fletcher, COO Mick McMahon and Chair Rick Allert delivered their final results to a phone hook up and Internet broadcast, electing not to eyeball pesky investors, writes Rob Lake.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Fish fight: How tuna went from can to canard
Monday night’s edition of Media Watch picked up on a nasty editorial in Ausmarine, a national fishing magazine. But what really motivated its author was not concern for conservation, rather the self-interest of fishing industry businessman, writes Lionel Elmore.
Chances amidst the chaos in market shake-down
The broader market was down by about 2.7% for most of the morning, but I managed to pick $500 worth of shares in the following stocks at prices more than 5% below the previous close - Technology One, Geodynamics, Reverse Corp, Sally Malay Mining, Allegiance Mining, Henderson Group and JB Hi-Fi.
Just you wait: invigorated Coles to turn up the heat
The easy ride for some retailers is about to end. Every company operating in a sector in which Coles is a player will soon feel the heat of an invigorated Coles, writes Rob Lake.
