February 2021
All the key profit results for February 17
On the biggest day yet of the interim profit reporting season we have results from Coles, Westpac, Treasury Wines, Tabcorp, Charter Hall, Corporate Travel, Domino’s Pizza, Carsales, TPG, Super Retail Group, Netwealth, Asaleo Care, Bapcor, Pro Medicus, Pact Group, EBOS and McPherson’s. Find full reports and analysis here.
- Updated
- Earnings season
Asaleo Care snared by Sweden’s Essity for $788m
The Swedish toilet paper and tampon giant increased its offer to $1.45 a share, gaining the backing of the board of Asaleo Care.
- Carrie LaFrenz
Done deal! Swedes to snap up Asaleo Care
Swedish toilet paper and tampons giant Essity has agreed a $750 million deal to buy back its Australian distributor, ASX-listed Asaleo Care.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
January 2021
ASX dips 0.7pc; Tyro says ‘limited’ merchants affected
The sharemarket fell as big miners retreated on weaker iron ore prices. Fortescue tumbles 6 per cent. Reliance jumped more than 6 per cent on upbeat guidance. Eagers eyes $209 million full year profit. Temple & Webster, AMA slammed.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, Tom Richardson and Luke Housego
December 2020
Essity's Asaleo takeover bid takes the biscuit
Essity's takeover bid at a 24 per cent discount to Asaleo's sold price six years ago has been politely labelled 'highly opportunistic' by Asaleo's board.
- Tom Richardson
Asaleo Care investors push for more, eyes on guidance
Takeover target Asaleo Care's minority shareholders are coming out of the woodwork - but it's up to chairman Harry Boon to tell his biggest investor and strategic partner to hit the road.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
All in a week's work: Essity in hasty bid for Asaleo Care
Seven days – that's all Swedish group Essity reckons it needs to firm up its $684 million bid for its Australian affiliate.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
ASX falls 0.7pc; Appen plunges 12pc; Fortescue soars as iron ore hits $US150
The sharemarket snapped a seven day winning streak as tech and gold stocks weighed on the index. Appen was smashed after cutting full year earnings guidance. China slapped more duties on Treasury Wine Estates. Fortescue closed at a record high.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes and Luke Housego
Sweden's Essity seeks to mop up hygiene products group Asaleo
Asaleo Care missed the toilet paper boom earlier this year in Australia after selling Sorbent in 2019, and has been a disappointment to many investors.
- Simon Evans
Asaleo Care enters defence mode as buyer circles
The alarm bells are ringing at ASX-listed tampons, pads and nappies maker Asaleo Care.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
March 2020
Toilet paper makers say no need for shopper panic
The manufacturers of Kleenex and Sorbent toilet paper say there won't be any shortages of product because of coronavirus fears, as some shoppers buy up big.
- Simon Evans
August 2019
Asaleo affirms guidance, braces after weaker first-half
Chief executive Sid Takla expects a stronger second half as pulp prices fall and the company benefits from new marketing campaigns and products.
- Updated
- Sue Mitchell
June 2019
- Opinion
- Sharemarket
10 predictions for shares from July 1
Slower global growth, a tech bust and a boost to tourism thanks to a lower Aussie dollar are on professional investor Chris Stott's radar from July 1.
- Updated
- Chris Stott
December 2018
Asaleo Care sells Handee, Sorbent, Deeko to Solaris Paper for $180m
Asaleo Care will sell its Australian consumer tissue business to Solaris Paper for $180 million and focus on more profitable divisions.
- Updated
- Liz Main
July 2018
Asaleo Care slashes guidance as battle between Coles, Woolworths takes toll
Asaleo Care is considering selling assets and cutting costs after becoming the latest casualty of the battle for market share between Woolworths and Coles.
- Updated
- Sue Mitchell
At Asaleo Care, Harry Boon's bad luck continues
Harry Boon is evidence you can't count on non-executive roles for a cushy retirement.
- Updated
- Myriam Robin
February 2018
Asaleo Care earnings hit as Libra tampons undercut
Asaleo Care, a maker of personal care and hygiene products, has blamed price undercutting of its Libra tampons for a 4.9 per cent fall in earnings
- Updated
- Michael Bailey
December 2017
Telco boss turned fund manager James Spenceley on small caps investing
The Vocus founder gave up executive life more than a year ago to become a fund manager. Now he's creating $200 Airtasker jobs to help him pick stocks.
- Updated
- Vesna Poljak
June 2017
QBE, Wesfarmers, Primary Healthcare: June 2017 CFOs on the move
The promotion of Anthony Gianotti at Wesfarmers and the recruitment of Michael Ford to insurer QBE are the biggest chief financial officer moves of the past month
- Updated
- Edmund Tadros
May 2017
Asaleo's Peter Diplaris joins list of CEO share sellers
For those of us with a gimlet eye on CEOs selling stock in their companies, it's been a fruitful year.
- Updated
- Joe Aston