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General

Market wrap

AAP  |  TUESDAY, 29 JUN 2004
The Australian market is likely to drift lower again today as a poor lead from US markets sets the tone for retracement ahead of the end of the financial year.

Market wrap

AAP  |  MONDAY, 28 JUN 2004
The Australian market is tipped to open slightly weaker this morning, however a lack of domestic news and the approach of the end of the financial year should conspire to limit the range on the local bourse.

ASIC announces changes to financial reporting standards

The Australian Securities and Investments Commission (ASIC) yesterday announced changes to its financial reporting standards, removing the requirement for some wholly-owned subsidiary companies, the company directors and professional advisers to seek ...

Market wrap

AAP  |  FRIDAY, 25 JUN 2004
The Australian market will be hit by conflicting forces with weaker US equity markets being pitted against firmer commodity and base metal prices to set the tone for the local market.

News Corp shares fall in early trade

AAP  |  THURSDAY, 24 JUN 2004
News Corp shares fell in early trade today after global stocks indexing group Standard & Poor's said Rupert Murdoch's company could not sit in key market indices in both Australia and the United States.

Market wrap

AAP  |  THURSDAY, 24 JUN 2004
The Australian sharemarket will probably start the day weaker, as some heavy selling from media company News Corp is expected following a decision from Standard and Poor's yesterday.

Market wrap

AAP  |  WEDNESDAY, 23 JUN 2004
The Australian market could continue with yesterday's retracement as weaker commodity prices overnight may have a negative impact on resource stocks.

Market wrap

AAP  |  TUESDAY, 22 JUN 2004
The recent run of positive days on the stockmarket could be set to come to an end as mixed commodity prices and weaker offshore markets are expected to weigh on the local bourse.

Telstra returns $1.5 bln a yr to shareholders over next

AAP  |  MONDAY, 21 JUN 2004
Telstra Corp today pledged to return $1.5 billion to shareholders annually for the next three years, in a move chief financial officer John Stanhope said should dent its credit rating but boost its shares.

Market wrap

AAP  |  MONDAY, 21 JUN 2004
The Australian market is likely to extend the recent record closes with further gains today as strong commodity prices and US markets help to underpin growing investor confidence.