Monday, October 17, 2016

Why the Brexit hard landing will be worse than you think and other top stories.

  • Why the Brexit hard landing will be worse than you think

    Why the Brexit hard landing will be worse than you think
    Very few managed to profit out of Britain's shock exit from the European Union, but one man who shorted the pound prior to the dramatic plunge says the drawn out pain of its economic problems is going to be rougher than anyone expects. "You never know what people are going to tick in the box on the day," said Lukas Daalder, chief investment officer for Robeco Investment Solutions, of the hedge decision that managed to avoid the harsh smack of the Brexit shock. More Business Videos ..
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  • Slater & Gordon faces $250m class action

    Slater & Gordon faces $250m class action
    Slater and Gordon is facing a $250 million class action from Maurice Blackburn. Listed law firm Slater & Gordon is facing a class action that is $100 million bigger than its market cap, but it is unlikely to drive the law firm to insolvency, says Maurice Blackburn.On Wednesday, Maurice Blackburn filed a $250 million class action on behalf of more than 3000 shareholders, including over 80 institutional investors and super funds. The action is backed by ..
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  • Australia fastest growing AAA-rated commodity exporter despite Govt debt: Moody's

    Australia fastest growing AAA-rated commodity exporter despite Govt debt: Moody's
    Australia fastest growing AAA-rated commodity exporter despite Govt debt: Moody's Posted October 12, 2016 16:46:59 Australia is the fastest growing AAA-rated commodity exporter this year despite escalating government debt, according to credit ratings agency Moody's.Moody's said Australia is likely to maintain faster GDP expansion than Canada and Norway, and similar to New Zealand but, even with government debt rising to around 41 per cent of GDP in 2017 - the burden r..
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  • Life insurance claims data to be made public

    Life insurance claims data to be made public
    Three insurers declined total permanent disability claims at rates as high as 37 per cent, compared to an industry average of 16 per cent. Life insurance companies will be forced to release data on the number of claims they reject as part of an Australian Investment and Securities Commission crackdown on the troubled industry.The action comes despite an ASIC review, which found nine out of 10 life insurance claims were accepted and paid out without dis..
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  • SHANE OLIVER: Here's what could spark a housing market collapse in Australia

    SHANE OLIVER: Here's what could spark a housing market collapse in Australia
    Australian house prices are expensive on almost every metric. Check. Australian households are heavily indebted compared to global standards. Check. Australia is building a lot of apartments right now, the highest number on record. Check. Combined, those factors have Australia’s housing bears growling loudly, seen as a potent and damaging cocktail that will eventually lead to a collapse in house prices. “It’s nothing but a debt-fuelled bubble that’s going to pop in spectacular fashion” is the ..
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  • Vocus leadership coup rattles investors

    Vocus leadership coup rattles investors
    Vocus Communications boss Geoff Horth has survived a plot to remove him from the helm of Australia's fourth-biggest telecommunications firm.The bid to oust Mr Horth, less than a month after chief financial officer Rick Correll resigned, was instigated by non-executive director Tony Grist, whose confidential proposal to the board was supported by executive director James Spenceley. It has been a tough day for Vocus Communications, and executive director James Spenceley.  Photo: Ben Rushton ..
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  • ASX slips as investors turn wary on miners

    ASX slips as investors turn wary on miners
    Australian stocks recovered from an early resources-led slump to close only marginally lower, as investors picked up Telstra shares and were cheered by another buyback announcement from CSL.A disappointing start to US earnings season, a drop in the oil price as well as another jump in the greenback had combined to drag down Wall Street's S&P 500 index by 1.2 per cent, triggering a leap in Wall Street's "fear gauge", the CBOE Market Volatility index, which ended the day up 15 per cent. Mini..
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  • Succession on new CBA chair Catherine Livingstone's plan

    Succession on new CBA chair Catherine Livingstone's plan
    The appointment of a new chairman at CBA will put the spotlight on Ian Narev's successor. Julian Andrews Catherine Livingstone has had seven months to size up her fellow directors and the senior executive team at Commonwealth Bank of Australia. It was inevitable she was in line for the chairman's role when David Turner brought her in as a director in March.Confirmation she will replace Turner as chairman on December 31, means attention can now ..
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  • Inghams poultry could be this year's biggest IPO as private equity firm TPG prepares $1.5 billion float

    Inghams poultry could be this year's biggest IPO as private equity firm TPG prepares $1.5 billion float
    Australia's largest poultry producer Inghams Group will list on the ASX next month with an equity value of up to $1.5 billion, putting it on course to be the country's largest initial public offering this year.US private equity giant TPG Capital Management will sell between 50 per cent and 70 per cent of the firm in the IPO, at an indicative price range of $3.57 to $4.14 a share. Chicken producer Inghams Group is preparing for its initial public offering.  Photo: Jay Cronan The range val..
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  • Masters employs muscle to control ugly behaviour

    Masters employs muscle to control ugly behaviour
    Masters Home Improvement has employed security guards to protect its staff from obnoxious customers who have lashed out and trashed stores as the fire sale heats up.In scenes reminiscent of the ugly drama of the Dick Smith closing down sale, Masters sales staff are reporting a slew of bad behaviour from verbal abuse to taunts about losing their jobs, tampering with price tags and even theft. More Business Videos Previous slide Next slide The end of Masters - bargain opp..
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