Articles by Downer EDI

  • Australian Stock Market Report – Midday 11/6/13

    November 06 2013 1:25 PM

    Australian shares are lower for the fourth time in five trading sessions, with the All Ordinaries Index (XAO) down by 0.3 per cent. Despite low volumes yesterday (generally around 30% quieter than usual on Melbourne Cup day), local stocks rose by 0.75 per cent, which is still keeping the market positive this week.

  • Australian Stock Market Report – Midday 8/6/13

    August 06 2013 1:26 PM

    The Australian share market is flat in the early session, following a mixed session on US and European markets and as investors tread water ahead of this afternoon's rate decision.

  • Australian Stock Market Report – Afternoon 2/14/2013

    February 14 2013 6:50 PM

    Local stocks performed well again today, with the All Ordinaries Index (XAO) closing at its highest level since April 2011 and the ASX200 (XJO) at its best level since September 8, 2008.

  • Australian Stock Market Report – Midday 2/14/2013

    February 14 2013 4:16 PM

    Local stocks are managing to hold onto yesterday's impressive gains in the early session, despite US blue chip stocks easing overnight. The NASDAQ however closed firmer while European markets were lifted by upbeat corporate results.

  • Australian Stock Market Report – Afternoon 2/12/2013

    February 12 2013 6:14 PM

    Day 2 of the year of the year of the snake. With most regional indices offline to celebrate the Lunar New Year activity was stilted for much of the day, although volumes improved over the course of the afternoon.

  • Australian Stock Market Report – Afternoon 1/22/2013

    January 22 2013 5:38 PM

    The market inertia that dominated the start of the week continued for regional markets on Tuesday. The close of trade for the ASX 200 saw only modest gains on similarly modest volume. The atmosphere of inertia in itself is a test for the overall market. Since November last year, the index has rallied in the order of 10%. The end of 2012 has seen investors become less risk averse with hurdles being navigated successfully. It will be worth examining the behaviour of markets in general in the event...

  • NBN Co Admits Slight Delays on Roll Out, Insists Project Remains on Track

    June 28 2012 12:39 PM

    NBN Co flatly denied that Australia's $36-billion nationwide broadband roll out has hit a snag following reports that major contractors attached to the federal initiative were mulling possible pull outs from the project that has been plagued by numerous delays.

  • Profits: OneSteel, Downer Cut Or Omit Dividends, Sonic Solid

    February 22 2012 12:53 PM

    Just a suggestion that OneSteel, in seeking a new name, might be about to ditch its low profit steel making business, was enough to send the shares up more than 12% by the close yesterday.

  • Earnings: Watch For Some Surprises This Week

    February 20 2012 11:03 AM

    It's the peak week in the December 31 profit reporting season with over 100 major companies due to report interim or full year figures in the next five days.

  • Updates: Argo Profit Down, Dividend Steady, Downer Shares Up On Rail Deal

    February 07 2012 10:28 AM

    Listed investment company Argo Investments has joined most of its competitors in revealing the impact of the weak stockmarket on its interim result.

  • Australian Stock Market Report - Midday 12/22/2011

    December 22 2011 1:06 PM

    The local share market opened lower this morning after a negative sessions on overseas markets. European markets were held back by uncertainty over the European Central Banks (ECB's) new bond program and the U.S. markets hit by large downward revisions to existing home sales.

  • Ai Group petitions Fair Work to avoid uncertainty and risk with bargaining laws

    April 07 2011 11:48 AM

    Australian industry lobby group Australian Industry Group (Ai Group) has filed an appeal with Fair Work Australia to overturn a decision which is creating uncertainty and risk for employers who have reached agreement with their employees over the terms of an enterprise agreement, Ai Group Chief Executive Heather Ridout said today.

  • World Market Overview Report 04/03/2011

    March 04 2011 9:44 AM

    The Australian sharemarket proved resilient to a steady stream of negative news from the Middle East, closing flat on solid performances from resources and healthcare sectors.

  • NSW's new trains face production setbacks, Downer EDI admits

    March 01 2011 8:23 PM

    Australian commuters' daily stress maybe prolonged as production of the commuter trains set to be launched in a month is still hounded by setbacks left and right.

  • CBA: Downer shares recover but credibility damage remain

    January 31 2011 7:37 PM

    Contracting firm Downer EDI gradually sees the recovery of the market values it lost last week when it admitted last week that cost blowouts of the Waratah train project in New South Wales forced it to absorb losses of up to $250 million.

  • Australian Stock Market - Lunchtime Report 27/1/2011

    January 27 2011 4:07 PM

    The Australian share market is slightly lower at lunchtime in the East, following a muted offshore lead.

  • Downer flags another delay on RailCorp project

    January 27 2011 1:45 PM

    Downer EDI informed the Australian Stock Exchange on Thursday that it is set to take a hit of up to $250 million on its Waratah train project, apart from the $190 million provision the company had previously booked in June 2010.

  • Downer in trade halt before train contract update

    January 24 2011 3:27 PM

    Trading in the shares of Australian mining contractor Downer EDI (ASX: DOW) were halted on Monday pending an announcement about its troubled Waratah train contract with the NSW government.

  • Australian Stock Market Report - Closing

    December 08 2010 10:53 PM

    Local stocks eased into the red today, as a bout of afternoon selling dragged down financial, mining and energy stocks.

  • Australian Stock Market Report - Closing

    November 03 2010 8:29 PM

    The local share market was well supported today, ahead of an expected injection of stimulus by the US Federal Reserve.