COMPANY RESULTS – AUSTRALIA

Northern Star shares shine as Jundee kicks in

roymorgansocial Leave a comment

Original article by Matt Chambers
The Australian – Page: 20 : 10-Jul-14

The stock of Northern Star Resources (NST) on 9 July 2014 closed $A0.185 higher at $A1.505. It is edging back to the all-time high of $A1.57 set in early 2013, as investors react to news of surprisingly good output data. The production of the gold mining group for the quarter ending 30 June 2014 was 115,819 ounces, compared with the forecast range of 80,000 to 90,000. The figure will soon be boosted further by the recent purchase of the Jundee mine in Western Australia. The rising gold price, up $US9 an ounce to $US1,325 for the day, also helped

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, EVOLUTION MINING LIMITED – ASX EVN, RESOLUTE MINING LIMITED – ASX RSG, OCEANA GOLD LIMITED, BARRICK GOLD OF AUSTRALIA LIMITED, NEWMONT MINING CORPORATION

Tobacco firms suck in $2.2b payday

roymorgansocial Leave a comment

Original article by Neil Chenoweth
The Australian Financial Review – Page: 6 : 2-Jul-14

Aggressive price increases ahead of the adoption of plain packaging laws allowed tobacco companies to post profit increases of 30 per cent in 2013-14. In the last five years, the profits of the three biggest cigarette makers have climbed by over 100 per cent, to $A2.2 billion. British American Tobacco Australasia, Philip Morris Australia and Imperial Tobacco Australia have resisted increased excise, plain packaging and a drop in smoker numbers via cost-cutting and price rises

CORPORATES
BRITISH AMERICAN TOBACCO AUSTRALASIA LIMITED, PHILIP MORRIS (AUSTRALIA) LIMITED, IMPERIAL TOBACCO AUSTRALIA LIMITED, THE CANCER COUNCIL VICTORIA, RETAIL TOBACCO TRADERS’ ASSOCIATION, AUSTRALIA. DEPT OF THE TREASURY

Ten falls on weak outlook

roymorgansocial Leave a comment

Original article by Vanessa Desloires, Tom Cowie
The Australian Financial Review – Page: 16 : 20-Jun-14

Australian-listed TV broadcaster Ten Network has advised that its 2013-14 revenue will be between 3.5 per cent and 4.5 per cent lower than previously. COO Paul Anderson has noted the difficult conditions in the TV advertising market and the low ratings for many of the network’s programs earlier in 2014. The group’s shares closed 6.9 per cent lower at $A0.27 on 19 June

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN