View all pages
Subscribe for free
by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
InDaily : December 8th 2011
THURSDAY 8TH DECEMBER 2011 PARTNERS BUSINESS JOBS JUST POSTED Lighting group feels the heat KEVIN NAUGHTON A DOWNTURN in residential building consents and continued weak approvals in commercial and retail construction have hit profits at Gerard lighting Group. In a market update to the Stock Exchange, the company detailed a range of “challenging conditions” in its profit guidance. Shares in the company have slumped from around $1 six months ago to 69 cents at open this morning. ‘Based on the Board’s current assessment of market conditions and the unaudited management accounts and forecasts, GLG estimates its Net Profit after Tax (NPAT) for H1 FY12 to be in the range of $7.75 million to $8.25 million, compared to $9.6 million in H1 FY11,” the company statement said. “The 2012 financial year NPAT is expected to be in the range of $17.5 million to $18.5 compared to $19.5 million for FY11.” Read more RENOWNED clothing retailer Fletcher Jones last night became the latest casualty of the gloom gripping Australian retail, being placed in administration after 93 years in the tailoring trade, Fairfax media reported this morning. The company joined a string of retail sector failures this year that includes outdoor-wear chain Colorado, Borders bookstores, and fashion groups Ed Hardy, Bettina Liano, Brown Sugar and Satch. Staff at Fletcher Jones’ 45 stores across Australia... Read more BHP assets review BHP Billiton Ltd chief executive Marius Kloppers has said the miner may consider selling its under-performing aluminium and nickel units as their role in the company weakens against robust growth in the iron ore, copper, coking coal, potash and petroleum sectors, according to a report by The Australian newspaper. The roughly $US200 billion ($A194 billion) worth of potential growth in the stronger sectors may force the company to raise the bar it uses to judge whether the size of sectors, such as aluminium and nickel, justifies their existence within BHP’s portfolio. Read more Grants relief for business IN news that will cheer businesses looking for financial support for a new product or service, early stage commercialisation grants of up to $2 million will no longer have to be repaid and larger companies are now encouraged to apply. In changes announced yesterday, businesses with annual revenue of up to $50 million – up from $20 million – are now eligible for the early stage commercialisation grant. Under the new system, grants of between $50,000 and $2 million will no longer need to be repaid once certain sales targets are met. Chief executive of Commercialisation Australia... Read more Gerard Lighting CEO Simon Gerard Say it ain’t so, Jones World War I veteran Fletcher Jones built one of the biggest names in retail
December 7th 2011
December 9th 2011