Cattle exporter downgrades profit forecast and other top stories.

• Cattle exporter downgrades profit forecast

  

  Shares in cattle exporter Wellard continue to fall after the company downgraded its profit forecast for the second time in less than a week.The West Australian company listed on the market in December at $1.39 a share, but its shares have fallen 20 per cent this week to 38.5 cents after two profit forecast downgrades within six days.Wellard on Thursday warned its full year profit will be at the lower end of the $23.5 million to $30 million forecast range it advised the market of on June 10.It ha..

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• Chaos as man climbs down Bridge

  

  Man who climbed Sydney Harbour Bridge comes back down0:32The man who brought Sydney traffic to a standstill after climbing the Sydney Harbour Bridge has come back down. Courtesy: Channel Seven News THE man who scaled the Sydney Harbour Bridge, bringing traffic to a standstill, has now climbed down and is with police.The man was treated by paramedics at the scene and was taken to Royal North Shore Hospital for assessment.Traffic was halted after the man reportedly got out of a car and climbed up..

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• ASX blocks Guvera initial public offering

  

  Guvera CEO Darren Herft David Rowe The board of music streaming company Guvera will be forced to consider putting the company into administration after the ASX rejected the company's request to list on the exchange through an initial public offering.The ASX blocked the Guvera IPO within days of the Australian Securities and Investments Commission approving a revised prospectus for investors to raise a minimum of $50 million.The company admitt..

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• Barnaby Joyce warns live cattle exporters as animal advocates seek ban over Vietnam abuse

  

  Video will begin in 5 seconds. Distressing video renews calls for live export ban Footage appearing to show Australian cattle being sledgehammered to death in Vietnam has renewed calls for a ban as animal rights activists reveal the troubling conditions faced by Australian cattle. Vision courtesy ABC. PT1M42S 620 349 Agriculture Minister Barnaby Joyce has warned negligent live cattle exporters they could have their licences revoked after footage emerged of animals being bludg..

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• Consumer watchdog investigates new car retail industry after wave of complaints

  

  Have you been screwed over buying a new car?SICK of dodgy car dealers pushing expensive post-sale car service and making misleading claims? The consumer watchdog wants to hear from you.The Australian Competition and Consumer Commission is launching an investigation into the new car retailing industry following a “high volume of complaints” about defects.The study will focus on competition and consumer issues that may be present in the industry.“A new car is a significant purchase for consumers a..

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• ASX finally posts gain despite Brexit fears

  

  The very real possibility of a "leave" vote on June 23 was spooking markets, said AMP Capital chief economist Shane Oliver. Photo: Bloomberg Australian shares finally posted a gain on Friday after six successive losses, although the market fell for the third successive week as global concerns over a British exit from the European Union took their toll on investors. Even the US Federal Reserve's dovish commentary after keeping rates on hold was not enough to ..

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• Warragamba Dam: Wall flood-protection plan raises environmental concerns

  

  Warragamba Dam: Wall flood-protection plan raises environmental concerns Posted June 17, 2016 13:28:58 A decision to raise the wall of Sydney's Warragamba Dam will provide vital flood protection for communities downstream, the NSW Government says, but critics have raised environmental concerns about the plan.The State Government will set aside $58 million in next week's budget for the project, which has a total price tag of about $690 million.It would see the height o..

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• International retailers like H&M, Zara, Topshop have only started their invasion

  

  COMMENT Australian consumers have embraced international brands such as H&M, putting the heat on local retailers. Photo: Bloomberg If you thought the entry of international retailers like H&M and Zara looks like a shopping mall invasion, the fact is their colonisation is just getting started.With only one third of their planned stores now opened, international retailers are yet to fire the full force of their onslaught on local established competitors.In the ..

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• Elders works to simplify capital structure

  

  Agribusiness Elders is raising $102 million from investors so it can buy back the group's hybrid securities and simplify its share structure.Elders on Friday announced a $77.4 million one-for-four non-renounceable entitlement offer at $3.40 per share.It also said it had completed a placement of 7.35 million ordinary shares to institutional and sophisticated investors at the same price, raising $25 million.The $102.4 million raised in total will be used to acquire Elders Hybrids at $95 each.Chief..

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