Banks always have and always will attract the type of individual who wants to make a lot of money from being ‘a banker’. And while there are plenty of decent ones around, the truth is there are plenty of abhorrent individuals willing to fleece other people for their own benefit. Things took a turn for the worse when the banks began to get into the wealth management game in the early 2000s.
After a delayed process, Woodside Petroleum Ltd [ASX:WPL]’s gas project off Western Australia has managed to gain support amongst partners with North West Shelf liquefied natural gas. Today Woodside’s share price grew by 1.11%
All the banks charge Lender Mortgage Insurance when home loans with more than 80% loan-to-value ratios are taken. Let’s get this very clear. This is a very expensive premium. And you pay it to protect the bank if you can’t repay the loan. That’s right, you’re paying an insurance policy that protects THE BANK...
Village Roadshow Limited’s [ASX: VRL] share price has fallen by 12.70% today, following the release of a trading update. Shares are currently trading at $2.75, down from $3.15 yesterday. The fallen share price reflects the decrease in expected earnings for FY18, revealed in today’s trading update.
Blue Sky Limited [ASX:BLA] shares have dropped by nearly 20% today. Currently trading at US $8.47, down from $10.40 on 28 March. The investment fund’s share price plunged by 9% before it went into a trading halt on Wednesday, 28 March — from $11.43 to $10.40.
Santos Limited [ASX:STO] share price has increased by 16.47% today. Shares are currently trading at $5.91, after closing last week on $5.07. The Adelaide-based company is the country’s third-largest energy producer, with a market cap of $12.30 billion.
I’m not sure what’s worse; Trump’s trade war that is set to wipe billions more from the Aussie market today, or Steve Smith’s attempts to wipe one side of a cricket ball with tape to get some sort of a demented edge to win a cricket game. But when you think about it — or at least when you think about it the way that I do — both situations might not be as bad as you think.
Prime Minister Malcolm Turnbull may be one step closer to passing corporate tax cuts. This comes after One Nation’s Senator, Pauline Hanson, backflipped and announced she would back the company tax plan. Ms Hanson struck a deal with the Turnbull government. But what does this tax cut plan mean for Aussie businesses and workers?
Today Collins Foods Limited [ASX:CKF] has shot up in share value by 1.68% They are now trading at $5.14 a share while sitting on a market cap of $597.481 million. Collins Foods was founded in 1968 and are based in…
The decision to spin-off Coles comes after a portfolio review. As with many spin-offs, Wesfarmers shareholders will receive a proportional number of Coles shares. Many of those shares will go to fund managers, who own more than 80% of Wesfarmers stock. They’ll have separate boards and management. Wesfarmers will still trade under the ticker WES, but Coles could soon be a new admission to the ASX.