C24 Machinery and Equipment Manufacturing

Focus on sales reboots growth at Cochlear

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Original article by Tim Binsted
The Australian Financial Review – Page: 15 : 12-Feb-16

Australian-listed Cochlear has posted a 2015-16 interim net profit of $A94m, which is 32 per cent higher than previously. Revenue also increased by 32 per cent, to $A581.7m, and sales of its hearing implants rose by 26 per cent to 14,748 units. CEO Chris Smith says the group has benefited from its consumer-focused strategy, and notes that the 65-plus age group represents a huge growth opportunity for Cochlear.

CORPORATES
COCHLEAR LIMITED – ASX COH

Sunbeam blenders help to cook up profit surge at GUD

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Original article by Jared Lynch, Simon Evans
The Australian Financial Review – Page: 16 : 31-Jul-15

Australian-listed GUD Holdings has posted a 2014-15 net profit of $A33.2m, which is 88 per cent higher than previously. Group revenue was three per cent higher at $A611.5m. The Sunbeam appliances division recorded underlying EBIT of $A7.3m. The 383 per cent increase has been attributed to the introduction of new products and reduced freight costs. GUD Holdings’ shares closed 10.9 per cent higher at $A9.38 on 30 July 2015.

CORPORATES
GUD HOLDINGS LIMITED – ASX GUD, SUNBEAM CORPORATION LIMITED, DEXION LIMITED, DAVEY PRODUCTS PTY LTD, RYCO PTY LTD, OATES CLEAN, JARDEN CORPORATION LIMITED

Ainsworth looks to lift its international game

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Original article by Perry Williams
The Australian Financial Review – Page: 16 : 5-Jun-15

Ainsworth Game Technology has advised that its 2014-15 after-tax net profit will be line with the previous financial year. The listed gaming machine maker expects revenue to be two per cent lower at about $A240m, citing disappointing sales in Australia during the second half. CEO Danny Gladstone says the group will focus on expanding its international business, noting that there is limited opportunity for growth in the Australian market.

CORPORATES
AINSWORTH GAME TECHNOLOGY LIMITED – ASX AGI, ARISTOCRAT LEISURE LIMITED – ASX ALL

Breville wants ‘internet of things’ future

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Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 8-Apr-15

Australian-listed Breville Group has advised that LG executive Jim Clayton will become CEO in July 2015. Breville chairman Steven Fisher says the company will pursue growth by developing a range of household appliances that are connected to the internet, with a focus on Wi-Fi in particular. However, he has ruled out an expansion into the wearable technology sector

CORPORATES
BREVILLE GROUP LIMITED – ASX BRG, LG ELECTRONICS INCORPORATED, APPLE INCORPORATED, JAWBONE, FITBIT INCORPORATED, GARMIN LIMITED, SYMPHONY TECHNOLOGY GROUP, SYMPHONY-METRO, McKINSEY AND COMPANY, THE GOLDMAN SACHS GROUP INCORPORATED, KORN/FERRY INTERNATIONAL

Cochlear amplifies profit result

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Original article by Jessica Gardner
The Australian Financial Review – Page: 15 & 20 : 11-Feb-15

Australian-listed Cochlear has posted a 2014-15 interim underlying net profit of $A71.4m, which is 94 per cent higher than previously. The group’s statutory net profit was 240 per cent higher, while revenue was up 18 per cent at $A438.3m. Shareholders will receive a half-year dividend of $A0.90 per share. Cochlear shares fell by $A0.84 on 10 February 2015, closing at $A86.76

CORPORATES
COCHLEAR LIMITED – ASX COH, UBS HOLDINGS PTY LTD, AUSTRALIAN ETHICAL INVESTMENT LIMITED – ASX AEF, STANDARD AND POOR’S ASX 200 INDEX

Caterpillar’s sales crawl backwards hits Seven

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Original article by Sarah-Jane Tasker
The Australian – Page: 18 : 29-Jan-15

The profit for the final three months of calendar 2014 at US mining machinery manufacturer Caterpillar has fallen 25%, prompting it to also predict declines of 9% and 22% respectively for sales and earnings per share in 2015. The slump due to the ending of the resources boom will have a negative impact on Australian-listed conglomerate Seven Group Holdings as well. It owns the WesTrac distributor of Caterpillar products in parts of Australia and China

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, CATERPILLAR INCORPORATED, WESTRAC HOLDINGS PTY LTD

PM pledges SA jobs in submarine project

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Original article by John Kerin
The Australian Financial Review – Page: 6 : 9-Jan-15

The Australian Government has not yet decided which option it will choose to replace the Collins class submarine fleet. Prime Minster Tony Abbott said on 8 January 2015 that there will be no loss of jobs in Adelaide. The Japanese Government proposed to build the new vessels with the Soryu-class submarine as the basis for the $A20 billion project, and some work to be done in Australia

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, THYSSENKRUPP AUSTRALIA PTY LTD, DCNS SA, BAE SYSTEMS AUSTRALIA LIMITED, FORGACS ENGINEERING PTY LTD

Woz – who started Apple – becomes an Aussie and looks to Tassie

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Original article by Paul Smith
The Australian Financial Review – Page: 1 & 8 : 19-Dec-14

US businessman Steve Wozniak plans to eventually relocate to Australia when he retires, after being granted permanent residency. The co-founder of Apple intends to buy a home in Sydney but says he ultimately hopes to live in Tasmania when he retires. Meanwhile, Wozniak has praised Apple CEO Tim Cook for developing an iPhone with a larger screen rather than remaining focused on the design preferences of Steve Jobs. Wozniak is upbeat about internet-connected cars, but describes Google Glass as an "admirable failure" which lacks sufficient reason to use it given the high cost of the device

CORPORATES
APPLE INCORPORATED, GOOGLE INCORPORATED, UNIVERSITY OF TECHNOLOGY, SYDNEY, SONY CORPORATION, SAMSUNG CORPORATION, LG CORPORATION, PEBBLE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Limbo leads to turbine layoffs

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Original article by Joanna Heath, Lucille Keen
The Australian Financial Review – Page: 4 : 24-Oct-14

Keppel Prince is to close its wind turbine division, which will result in 100 job losses. The retrenchments are the first to arise from the Australian Government’s review of the renewable energy target (RET). Keppel Prince’s Steve Garner says no orders for wind turbines have been received in 14 months, which would not have been the case had the RET be left unchanged. The sackings came one day after Industry Minister Ian Macfarlane said the Government will pursue a close to 40 per cent drop in the RET in absolute terms

CORPORATES
KEPPEL PRINCE ENGINEERING PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, AUSTRALIAN LABOR PARTY, VICTORIA. DEPT OF PREMIER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PACIFIC HYDRO LIMITED, INDUSTRY FUNDS MANAGEMENT PTY LTD, IFM RENEWABLE ENERGY PTY LTD, ALCOA INCORPORATED – ASX AAI

Aristocrat scores jackpot in pokies deal

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Original article by Andrew White
The Australian – Page: 21 : 8-Jul-14

Australian-listed poker machines maker Aristocrat Leisure has acquired US company Video Gaming Technologies for $A1.3 billion. The purchase is being funded by an equity raising and debt, with $A375 million of shares offered to institutions at $A5.12 and $US1.3 billion raised via loans in the US. Aristocrat CEO Jamie Odell said on 7 July 2014 that the program of acquiring digital gaming companies will be continued

CORPORATES
ARISTOCRAT LEISURE LIMITED – ASX ALL, VIDEO GAMING TECHNOLOGIES INCORPORATED, OPTIONSXPRESS AUSTRALIA PTY LTD, BALLY ENTERTAINMENT CORPORATION, SHUFFLE MASTER AUSTRALIA PTY LTD, SCIENTIFIC GAMES CORPORATION, WMS GAMING INCORPORATED