Small Business

Fonterra ups Farmgate milk price forecast

Fonterra Co-operative Group has increased forecast Farmgate milk price for the upcoming 2018 season to $6.75 per kilogram of milksolids. The Co-operative also forecast an earnings per share range of 45 to 55 cents, making the forecast total available payout to farmers in the 2017/2018 season $7.20 to $7.30. The …

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Finance

Real reason behind Trump’s transgender ban

Celebrities react to President Donald Trump’s ban on transgender people serving in the military. US President Donald Trump sparked controversy with his ban on transgender military ban. Picture: Saul Loeb/AFP IT appeared to be a sudden snap decision made with little or no consultation. But US President Donald Trump’s controversial …

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Finance

Victory encouraged by Laverton results

Victory Mines (ASX: VIC) has released encouraging nickel and copper results from an exploration program at its Laverton project in Western Australia. Values in the top 5% were strongly anomalous, and values within the top 10% were viewed as moderately anomalous. The company’s E 38/3075 tenement lies to the north …

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Finance

Stocks to watch

Stocks to watch on the Australian stock exchange: AZJ – AURIZON HOLDINGS – up 1 cent, or 0.2 per cent, at $5.06 Aurizon has outlined fresh impairments of $606 million with its intermodal and bulk transport divisions continuing to face challenging market conditions. FMG – FORTESCUE METALS GROUP – down …

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Finance

Creso expands into Canada with Mernova buy

Creso Pharma Limited (ASX: CPH) has expanded into the Canadian market with the proposed acquisition of emerging Nova Scotia-based medicinal cannabis producer, Mernova Medicinal Inc for a total of C$10.1 million (A$10.2 million) in cash and equity. This will see CPH become the only Australian cannabis company with direct exposure …

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Finance

Jealousy isn’t a curse, ‘it’s a con’

Opposition Leader Bill Shorten is playing the politics of envy, Treasurer Scott Morrison says. LABOR wants to put the handbrake on successful Aussies as it engages in the politics of envy, Treasurer Scott Morrison has said in pre-emptive strike at the Opposition’s tax policies. The Treasurer accused Opposition Leader Bill …

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Finance

Kiwi to 26-month high as greenback weakens

The kiwi dollar pushed to a fresh 26-month high on Thursday against the greenback as the US dollar remained out of favour in Asian trading. The kiwi traded at US75.45c at 5pm from US75.12c at 8am and 73.38c lateWednesday. It touched 75.58 the highest since May 2015 when it traded …

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Finance

Power bill shock to drag retail lower: ANZ

Soaring electricity prices are becoming a drag for Australia’s weakened retail sector, with the latest round of increases likely to further crimp consumer spending, a new ANZ report says. The sharp increase in energy prices from July 1 will lead to the average Australian household facing a 10 per cent …

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Finance

Woolies shopping cards ‘hacked’

Woolworths Rewards cards have been breached. Picture: Cameron Richardson WOOLWORTHS is investigating reports of Rewards cards being “hacked” and points stolen from customers’ accounts using a major security vulnerability in the Woolworths app. Currently, the app allows anyone to enter a random card number to see the points balance on …

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Finance

GUD Holdings posts another annual loss

The owner of the Oates cleaning product brand made a loss of $7.3 million in 2016/17 due to the impact of the sale of its locks and storage products businesses. GUD Holdings said underlying profit from the businesses it continues to operate – car parts and accessories, Davey pumps and …

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