ASX ends flat, James Hardie up
Sharemarket ends flat as soft earnings reports undermine early gains. James Hardie soars on earning beat. Myer upgrades profit forecast.
James Hardie
James Hardie defies housing downturn
Shares in the world’s leading building materials supplier rallied more than 8 per cent as investors looked beyond full-year earnings and dire predictions.
ASX falls 0.5pc on outlook fears
The sharemarket fell to a five-week low amid concerns about the economic outlook. Consumer confidence has tanked and the RBA board minutes flag more rate hikes. Consumer-exposed stocks hardest hit.
ASX ends flat; Allkem soars, Silver Lake falls
Allkem surges on $US10bn merger. Goodman and GrainCorp upgrade guidance. NT approves Core Lithium project. Westpac card activity shows significant weakening.
James Hardie cuts guidance again
James Hardie has cut its earnings guidance for a third time and slashed its workforce as the global housing downturn deepens.
ASX adds 0.2pc as Sims offset Star, Ansell falls
Shares end losing streak. Sims jumps on consensus beat. Challenger up on reaffirmed guidance. Star crashes to new low. Ansell and Temple & Webster dumped on profit slumps.
Wilson eyes badly hit stocks
Geoff Wilson’s specialist large-cap fund is pivoting towards companies down on their luck, after delivering double-digit dividend growth.
James Hardie warns on housing outlook, cuts earnings forecast
The materials giant said it had seen a ‘significant change’ in the last 45 days as labour shortages and unfavourable weather constrained demand for its products.
ASX ends higher; Webuild rescues partner Clough
Treasury maintains CPI forecast. Sims shares tank on earnings warning. Business confidence, consumer sentiment lower, surveys find. Magellan shares recover. Whitehaven stocks tumble.
James Hardie’s new chief ready to get constructive
The new building materials’ boss reveals his plans to steady the company as it faces strengthening economic headwinds.
ASX dives 3.9pc for week; worst since June
ASX caps off a bad week with broad losses led by miners and tech. AMP loses control of retail trust, Dexus lowers Collimate offer, Rex bookings surge and A2 Milk extends rally.
James Hardie cuts earnings guidance as costs rise
Rising transport and energy costs weighed on the global construction materials giant as it missed expectations and trimmed forward guidance.
James Hardie accused of bullying by former executive
Jessica Griffin, a former executive, has alleged that her attempts to raise concerns about safety saw her subjected to bullying and harassment by management.
James Hardie builds for growth despite inflation strain
Sacked chief Jack Truong’s strategic shift to high-value products and direct marketing to homeowners continues to deliver ‘above market’ growth for the building products supplier.
ASX up 0.3pc; Cannon-Brookes fresh AGL buy-up
ASX climbs as energy and utility stocks bounce. Lynas Rare Earths and MinRes rally, Brambles ends worst performer, Cannon-Brookes buys more AGL shares and ANZ tips 40bps June hike.
Added scope to spruik low-carbon products
Analysts at Macquarie have named companies and property groups with the potential to promote credentials for producing low-carbon products.
Hardie backing boom in renovations
Building materials titan James Hardie says the home renovation boom can withstand interest rate rises and borrowers have the capacity to pay more for mortgage repayments.
ASX flat; travel stocks soar on border news
Sharemarket closes steady after sharp intraday fall on US futures slippage, ANZ margin warning. Investors dump Magellan after Hamish Douglass takes ‘medical leave’. GrainCorp jumps on bullish guidance.
‘Bully boss’ prepares for bonus battle
Just days after being fired amid claims of ‘intimidating’ behaviour, the former James Hardie boss looks ready for a fight.
Truong hits back at Hardie chairman after sacking
The ouster of James Hardie chief executive Jack Truong has descended into a public spat between the former building materials boss and the company’s board.
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