Aust shares open higher

Aust shares open higher

AAP The Australian share market has opened higher. At 1010 AEST on Thursday, the benchmark S&P/ASX200 index was up 23.9 points, or 0.44 per cent, at 5,444.2, while the broader All Ordinaries index was up 23.8 ...

Australian Markets

  • McAleese Ltd plunges 15.5% – Should you sell too? The Motley Fool Australia - 2 hours 6 minutes ago

    If you were unlucky enough to receive an allocation in the McAleese Ltd (MCS.AX) initial public offering (IPO) last November, or unfortunate enough to have decided to purchase stock on market since the IPO you are no doubt bewildered by the transport company's second profit warning which has sent the share price down 15.5% to close at a new all-time low of 43.5 cents. It's a far cry from the $1.47 float price and for shareholders it's now a question of whether to wait and see if the share price can regain some ground or whether to cut their losses and move on. Perhaps one comforting factor for investors is that Chairman and now CEO Mark Rowsthorn - who was previously CEO at rail freight company Asciano Ltd (AIO.AX) and before that a senior director at freight and logistics group Toll Holdings Limited (TOL.AX) - owns around 30% of McAleese, so at least he is feeling the pain of the company's dismal performance too! McAleese has certainly been the worst of the recent bundle of floats to hit the market and a far cry from Beacon Lighting Group Ltd's (ASX:BLX) 60% gain on debut.

  • Denbury Announces Pricing and Upsizing of Its Senior Subordinated Notes Offering GlobeNewswire - 2 hours 38 minutes ago

    PLANO, Texas -- Denbury Resources Inc. ("Denbury" or the "Company") today announced that it has priced its public offering of senior subordinated notes due May 2022 and increased the ...

  • CORRECTING and REPLACING -- Sonoco Board Increases Common Stock Dividend GlobeNewswire - 4 hours ago

    Please replace the release with the following corrected version due to a revision.

  • Moelis & Co. prices initial public offering at $25 Associated Press - 13 hours ago

    Moelis & Co. priced its initial public offering at $25 per share, which was below expectations. The New York investment bank plans to offer 6.5 million shares to raise $162.5 million. Underwriters have ...

  • Statoil's share saving plan allocates shares GlobeNewswire - 14 hours ago

    STAVANGER, Norway -- The shares purchased by DNB on behalf of Statoil ASA (OSE:STL, NYSE:STO) on 15 April 2014 for use in the group's share saving plan have on 16 April 2014 been distributed to the employees ...

  • Aussie shares close higher AAP - 18 hours ago

    The Australian share market closed higher on Thursday, with positive manufacturing data out of the US overnight and China during the day promoting positive investor sentiment.

  • Alibaba steals Yahoo's thunder ahead of IPO AFP - 19 hours ago
    Alibaba steals Yahoo's thunder ahead of IPO

    If Yahoo appears back in favor, it can thank Alibaba, the Chinese Web giant in which it holds a big stake and which is set for a public stock offering. Yahoo shares soared 7.3 percent to $36.71 at the opening Wednesday on the heels of a better-than-expected quarterly report, but some were more focused on the Alibaba financial results buried in the document. "The salient point of Yahoo's first quarter results was the very strong December quarter results from Alibaba," said Jordan Rohan, analyst at the brokerage Stifel. "Alibaba's results paint a favorable picture for a favorable IPO despite the recent period of weakness in the Internet sector."

  • Is hot market for IPOs cooling? AAP - 22 hours ago

    Car financing company Ally Financial and hotel operator La Quinta Holdings had lukewarm receptions for their recent IPOs. La Quinta priced its shares at $US17 each, lower than its expected range of $US18 to $US21, which suggested less demand. Ally, the largest IPO this year, priced its shares at $US25 each, the bottom of its expected range of $US25 to $US28. Some companies delayed their IPOs last week as the stock market turned bumpy.

  • Coca-Cola and MasterCard are big market movers Associated Press - Wed, Apr 16, 2014 7:01 AM AEST

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE The Coca-Cola Co., up $1.45 to $40.18 The first global sales volume decline for ...

  • Tuesday's Top Upgrades (and Downgrades) Motley Fool - Wed, Apr 16, 2014 5:40 AM AEST

    Analysts shift stance on Pier 1, New York & Co., and PetSmart.

 

Company Finances

  • Final Glance: Restaurant companies Associated Press - 2 hours 50 minutes ago

    Shares of some top restaurant companies were mixed at the close of trading: Brinker International Inc. rose $.10 or .2 percent, to $51.20. Chipotle Mexican Grill Inc. rose $11.86 or 2.2 percent, to $552.40. ...

  • Final Glance: Tools and Appliances companies Associated Press - 2 hours 50 minutes ago

    Shares of some top tools and appliances companies were up at the close of trading: General Electric Co. rose $.30 or 1.2 percent, to $26.12. Snap-On rose $2.03 or 1.8 percent, to $112.56. Stanley Works ...

  • Final Glance: Food companies Associated Press - 2 hours 50 minutes ago

    Shares of some top food companies were up at the close of trading: ConAgra Foods Inc. rose $.33 or 1.1 percent, to $31.20. General Mills Inc. rose $1.01 or 2.0 percent, to $52.26. Hormel Foods Corp. rose ...

  • Final Glance: Consumer companies Associated Press - 2 hours 50 minutes ago

    Shares of some top consumer companies were up at the close of trading: Clorox rose $.63 or .7 percent, to $90.51. Colgate-Palmolive Co. rose $.81 or 1.2 percent, to $67.18. Kimberly-Clark Corp. rose $1.86 ...

  • Final Glance: Beverages companies Associated Press - 2 hours 50 minutes ago

    Shares of some top beverages companies were up at the close of trading: Anheuser-Busch Inbev ADR rose $.73 or .7 percent, to $108.96. Coca-Cola Co. rose $.41 or 1.0 percent, to $40.59. Dr Pepper Snapple ...

  • CORRECTING and REPLACING -- Sonoco Board Increases Common Stock Dividend GlobeNewswire - 4 hours ago

    Please replace the release with the following corrected version due to a revision.

  • Sprouts Farmers Market Sets Date for First Quarter 2014 Earnings Release and Conference Call GlobeNewswire - 4 hours ago

    PHOENIX -- Sprouts Farmers Market, Inc. (the "Company") today announced it will issue financial results for the first quarter ended March 30, 2014 after the market closes on Wednesday, May 7, ...

  • Arkansas lottery commission approves monitor games Associated Press - 4 hours ago

    The Arkansas Lottery Commission on Wednesday voted to start the process of implementing monitor-style games in which players can watch drawings every four minutes. The proposal drew criticism Tuesday from ...

  • KFC to Bring Back the Infamous Double Down Entrepreneur - 5 hours ago

    Hot on the heels of the drumstick corsage, KFC is bringing back the super-hyped Double Down.

  • Research and Markets: Global Processed Poultry Meat & Poultry Meat Processing Equipment Market 2014- … Business Wire - 6 hours ago

    DUBLIN--(BUSINESSWIRE)-- Research and Markets ( http://www.researchandmarkets.com/research/jplcbh/processed_poultry ) has announced the addition of the "Global Processed Poultry Meat & Poultry Meat ...