Bega Cheese extends decline on infant formula, milk woes
Bega Cheese shares were marked lower yet again on Wednesday as a new wave of selling hit the shares, with investors continuing the sell-off prompted by the dairy company's announcement on Tuesday that it will book writedowns against a new venture targeting the China market for infant milk formula.In mid-afternoon trading the shares were down another 4.6 per cent at $5.15, adding to their steep 17 per cent dive on Tuesday before climbing back at the end of the day to finish 2.9 per cent down. ..>> view originalMarkets Live: Wesfarmers falls most since GFC
That's it for Markets Live today. Thanks for reading and your comments. See you all again tomorrow morning from 9. Shares plunged at the open and then showed no signs of a recovery as investors sniffed the air and decided it was time to sell. The ASX 200 index shed 83 points or 1.5 per cent to 5360, with only one in 10 constituents managing to finish in the green. The Aussie dollar maintained its post-CPI gains at 76.9 US cents after starting the session at more like 76.5 US cents. A poor lead..>> view originalCBA customers suffer payments delay
Dreamworld owner Ardent Leisure defends safety record after deaths
Community in disbelief after Dreamworld tragedy Dreamworld owner Ardent Leisure has rebuffed accusations it resisted calls to improve the maintenance of its rides despite claims of concerns being repeatedly raised in the lead up to the tragic incident that caused the deaths of four people.Ardent's share price dived as much as 22 per cent on Wednesday as analysts downgraded price targets on the stock, while plaintiff law firm Maurice Blackburn said it had started assisting famili..>> view originalForget big tax cuts, say Telstra and Virgin Australia bosses
The bosses of two large companies have poured cold water on the federal government's broader push to drop corporate tax rates but backed the policy to cut rates for smaller companies.Federal treasurer Scott Morrison on Wednesday mounted a "blitz" in South Australia in an attempt to put pressure on independent senator Nick Xenophon over his opposition to corporate tax cuts. More Business Videos Previous slide Next slide Telstra chair: you can't blame companies for avoidi..>> view originalTarget boss Guy Russo says he moved too fast
New Target boss Guy Russo is impatient to fix the ailing chain, admitting he "moved too fast" in the first few months, contributing to a plunge in sales. Wayne Taylor New Wesfarmers department stores boss Guy Russo says he "moved too fast" to restructure Target but is confident the ailing discount department store chain will eventually return to profitability.After losing $50 million in 2016, Target appears likely to make another big loss this..>> view originalWednesday Wrap: ASX plunges 1.53%
As soon as the share market opened this morning, it plunged. Throughout the day, it continued on that downward spiral, even falling below the 5,400 points mark, and ultimately closed 1.53% lower.After yesterday’s tragedy at the Dreamworld theme park which killed four people, Ardent Leisure’s shares continued to plummet, is indeed today’s worst performer stock.Wesfarmers shares also dropped significantly due to its Coles supermarkets facing a slow-down in sales growth.In today’s sea of red, all ..>> view originalAlphabet, Microsoft and Facebook are hitting all-time highs
These stocks are doing most of the work.Wall Street's key benchmark, the S&P 500, is sitting less than 2 per cent off of its all-time high, much of it thanks to a few of the biggest companies in the index hitting new highs of their own. More News Videos Previous slide Next slide China's plan to step up to Silicon Valley Polar Bear lives in Chinese mall Gingrich says news anchor 'fascinated with sex' Exposed: James O'Keefe's political stings..>> view originalNational compensation scheme needed for victims of forced labour and slave trade: new report
Forced labour, forced marriage and other forms of human trafficking and slavery should be compensated in Australia under a national scheme, according to a new report by legal and anti-slavery groups.Fiona McLeod, SC, president-elect of the Law Council of Australia, said a national compensation scheme for survivors of human trafficking and slavery was needed to fill the void in Australian law that provides inadequate redress for victims. More News Videos Previous slide Next slide ..>> view originalAustralian dollar could be poised for significant drop
Australian dollar could be poised for significant drop Posted October 26, 2016 15:26:23 I'm constantly looking at financial markets commentary. I may be a little biased in saying this, but I've noticed recently that writing about every movement in the Aussie dollar, and predicting where it may move, seems to be a national pastime.I can see where the interest is coming from — a significant movement one way or the other in the currency can affect your plans.It can make ..>> view original
Tuesday, November 8, 2016
Bega Cheese extends decline on infant formula, milk woes and other top stories.
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