Stocks to watch at close on Wednesday

Stocks to watch on the Australian stock exchange at close on Wednesday: AER - AEERIS - down two cents, or eight per cent, at 22 cents Aeeris, the owner of The Early Warning Network currently used by 100 ...

  • Tech firm linked with Michael Jackson AAP - 24 minutes ago

    An Australian technology investment company has bought a stake in a new American social media app linked with Michael Jackson's estate. Yonder and Beyond, which listed locally in February, is buying 10 per cent of PlayMeet, which will connect users who share similar musical tastes, whether it's Kylie Minogue, Elvis Presley or One Direction. "Tinder for music is the best way to explain it," chief executive Shashi Fernando told AAP, comparing it to a popular dating app. Renowned music producer John McClain, an executor of Michael Jackson's estate who has previously worked with Janet Jackson and Justin Timberlake, helped create PlayMeet.

  • Aust shares close lower AAP - 27 minutes ago

    The Australian share market has closed lower, with the materials and energy sectors again reeling from commodity price falls. At the close on Wednesday, the benchmark S&P/ASX200 index was 30.7 points, ...

  • CBA says deposit tax could hit customers AAP - 49 minutes ago

    Australia's largest deposit holder Commonwealth Bank has warned any new levy on deposits could be passed on to customers. A bank deposits insurance levy of 0.05 per cent on savings of up to $250,000 is likely to be unveiled in the May budget as part of a move to raise $500 million a year. The levy was first floated by the former Labor government to pay for the scheme introduced during the global financial crisis to protect consumers if a bank collapsed. Commonwealth Bank, which holds $450 billion in deposits, has criticised the levy in its final submission to the federal government's financial system inquiry.

  • Building approvals dip in February AAP - 51 minutes ago
    Building approvals dip in February

    Building approvals have fallen for the first time in five months, but economists believe it is a temporary setback for the booming property sector. Over the 12 months to February, building approvals were up 14.3 per cent. February's fall was to be expected after four consecutive months of growth, National Australia Bank senior economist David de Garis said. Approvals for private sector houses fell 0.1 per cent in February, and 'other dwellings', which includes apartment blocks and townhouses, was down 6.0 per cent.

  • MARKET CLOSE: NZ shares rise led by A2, Spark rebo … BusinessDesk - 1 hour 8 minutes ago

    New Zealand shares rose, led by A2 Milk Co on its plans for US expansion. Spark New Zealand advanced as investors returned to yield-paying stocks. "The market has responded positively to those announcements," said Mark Lister, head of private wealth research at Craigs Investment Partners. Dividend paying equities, which have been pushed higher as investors seek income paying investments, came in for some selling last month as traders weighed the possibility of the US Federal Reserve raising interest rates in the world's largest economy sooner than expected.

  • NZ dollar slips vs. Australian dollar, yen ahead of … BusinessDesk - 1 hour 19 minutes ago

    The New Zealand dollar fell against the Australian dollar and the yen ahead of the latest GlobalDairyTrade auction overnight, on speculation prices will fall for a second straight sale amid increased supply of milk powder. The kiwi fell to 97.87 Australian cents as at 5pm in Wellington, from 98.09 cents yesterday, retreating from the post-float high of 98.43 cents earlier this week. The local currency fell to 89.35 yen from 89.94 yen, and traded at 74.76 US cents from 74.79 cents yesterday. Dairy futures have declined on the NZX since Fonterra Cooperative Group said last month it will increase the amount of product it offers through the GDT platform, suggesting prices will fall in the auction.

  • Scion follows Flirtey in trialling new drone technologies … BusinessDesk - 1 hour 59 minutes ago

    Forestry crown research institute Scion will next month trial the use of drones for use in forestry management and hopes to be an early adopter of imminent rule changes allowing them to be flown beyond line of sight.

  • RBA weighing up its options AAP - 2 hours 24 minutes ago

    As the Abbott government weighs up its budget options and mulls over its tax and competition reviews, the Reserve Bank has one crucial consideration. Does it deliver another interest rate cut at next Tuesday's board meeting, wait until May when it would have the latest inflation figures or just sit back feeling it can do no more? Treasurer Joe Hockey has said his May 12 budget will work hand in hand with the RBA's monetary policy. Commonwealth Securities chief economist Craig James says the RBA will question whether cutting rates actually boosts confidence and spending rather than just inflating home prices.

  • Warnings as Sydney home prices skyrocket AAP - 2 hours 40 minutes ago

    Sydney property prices have skyrocketed to new record highs, sparking warnings to investors amid growing risks of a housing bubble. Sydney home prices jumped three per cent in March, to be 14 per cent higher over the past year, according to figures from CoreLogic RP Data on Wednesday. Property prices in Sydney are growing at double the rate of all the capital cities combined and are showing no signs of slowing down, after February's interest rate cut fuelled another boom in the market. CoreLogic RP Data head of research Tim Lawless said Sydney had recorded auction clearance rates of more than 80 per cent in each week since the February 3 rate cut.

  • Early warning provider joins share market AAP - 3 hours ago

    Warnings of an impending storm or natural disaster, workplace accident or health issue delivered straight to your smartwatch - that's the vision of a growing new tech company. Aeeris, the owner of The Early Warning Network currently used by 100 businesses and governments, has listed on the Australian share market as it looks to develop new products and expand internationally. Chief executive Kerry Plowright said rapidly improving technology provides Aeeris with many opportunities. Health data could one day be added to the mix to monitor an individual's wellbeing, Mr Plowright said.

  • $A boosted by upbeat China data AAP - 4 hours ago

    Better-than-expected building approvals data and Chinese manufacturing figures have given the Australian dollar a boost. At 1200 AEDT on Wednesday, the local currency was trading at 76.47 US cents, up ...

  • New test could push up prices: Woolies AAP - 4 hours ago

    Woolworths has rejected renewed calls for a test to check whether big businesses are abusing their market power, warning it would drive up food and grocery prices. The national competition policy review has recommended an "effects test" be applied to major retailers like Coles and Woolworths to stop the misuse of market power. The review, unveiled on Tuesday, said any conduct by firms with substantial market power that is designed to or is likely to substantially lessen competition should be banned under section 46 of the Competition and Consumer Act. The review's author Professor Ian Harper has defended the need for an effects test, saying that big business should be able to play competitively, like in a game of football, but be penalised if their actions harm the game.

  • Shares extend losses AAP - 4 hours ago

    Australian stocks have extended their losses on heavy drops in commodity prices and overnight falls on Wall Street. Crude prices eased and iron ore fell to its lowest price since tracking began in 2008. ...

  • Consumers worried about government policy AAP - 4 hours ago

    Consumers are more uptight about government policy and are going to the movies less. Concerns about government policy have overtaken cost of living woes to become the biggest consumer worry, for the first time since the National Australia Bank began gauging hip pocket anxieties two years ago. State and federal government policies are both to blame, including power privatisation plans in NSW, NAB chief economist Alan Oster said. "People look at the performance of government in general ... and they're uptight about it," he told AAP.

  • Stocks to watch at noon on Wednesday AAP - 4 hours ago

    Stocks to watch on the Australian stock exchange at noon on Wednesday: AER - AEERIS - down 1.00 cent, or 4.00 per cent, at 24 cents Early warning provider Aeeris has started trading on the Australian stock ...

New Zealand Markets

Company Finances

  • US consumer spending edges up 0.1 percent in February Associated Press - Tue, Mar 31, 2015 10:33 AM NZDT
    US consumer spending edges up 0.1 percent in February

    U.S. consumers spent just slightly more in February even though their income rose by a healthy amount. But economists hope bigger paychecks will give spending a bigger boost in the coming months. Consumer ...

  • Mexican growers offer 15 pct in Baja farm strike Associated Press - Tue, Mar 31, 2015 10:23 AM NZDT
    Mexican growers offer 15 pct in Baja farm strike

    Export-oriented commercial farms in Mexico's Baja California state say they have offered farm workers a 15-percent wage increase to end a two-week-old strike. But leaders of the farmworkers called the ...

  • Michigan entrepreneur claiming idea for Heinz Dip & Squeeze Associated Press - Tue, Mar 31, 2015 9:05 AM NZDT
    Michigan entrepreneur claiming idea for Heinz Dip & Squeeze

    A Michigan food entrepreneur claims the "Little Dipper" condiment package he patented in 1997 led H.J. Heinz Co. to develop its Dip & Squeeze ketchup packets, which it rolled out in February ...

  • McDonald's to test all-day breakfast beginning in April Associated Press - Tue, Mar 31, 2015 6:58 AM NZDT
    McDonald's to test all-day breakfast beginning in April

    A McMuffin for dinner? It might happen, as McDonald's plans to test an all-day breakfast at some locations in the San Diego area starting next month. The company said in a statement that the test is in ...

  • Aussie Beer made in China AAP - Mon, Mar 30, 2015 6:51 PM NZDT
    Aussie Beer made in China

    A liquor wholesaler has been fined $10,200 for trying to pass off a beer brewed in China as Australian. Aussie Beer had green and gold labelling featuring the slogan `Australia's finest malt', plus the words `100% owned' within a map of Australia. The Independent Liquor Group, which includes the Little Bottler, Super Cellars and Pubmart chains of bottle shops, supplied Aussie Beer between March and August 2014. The Australian Competition and Consumer Commission said the packaging was misleading and breached consumer law.

  • Bird flu found in a top Minnesota turkey producing county Associated Press - Sun, Mar 29, 2015 12:27 PM NZDT
    Bird flu found in a top Minnesota turkey producing county

    An outbreak of a deadly bird flu strain spread to one of the top poultry producing counties of the nation's top turkey producing state of Minnesota, government officials confirmed on Saturday, raising ...

  • Dairy farms asked to consider breeding no-horn cows Associated Press - Sun, Mar 29, 2015 3:27 AM NZDT
    Dairy farms asked to consider breeding no-horn cows

    Food manufacturers and restaurants are taking the dairy industry by the horns on an animal welfare issue that's long bothered activists but is little known to consumers: the painful removal of budding ...

  • How This Franchisee Runs More Than 275 Restaurants Entrepreneur - Sun, Mar 29, 2015 12:00 AM NZDT
    How This Franchisee Runs More Than 275 Restaurants

    Aslam Khan is still actively involved in running his Church's Chicken, Long John silvers and Hardees locations across the U.S.

  • Analysts shrug off the Diet Coke downturn CNBC - Sat, Mar 28, 2015 9:13 AM NZDT
    Analysts shrug off the Diet Coke downturn

    Diet Coke sales are plummeting, but most analysts aren't too concerned. Here's why.

  • Old Bay seasoning works on crabs...and beer too! CNBC - Sat, Mar 28, 2015 6:06 AM NZDT
    Old Bay seasoning works on crabs...and beer too!

    Maryland's Flying Dog Brewery is bringing back its Dead Rise Old Bay Summer Ale after having trouble keeping it in stock during its debut.