News Highlights: Top Equities Stories of the Day
August 24 2016 - 9:16PM
Dow Jones News
Woolworths Books A$1.2B Loss on Writedowns, Restructure Costs
Australian retailer Woolworths Ltd. recorded a large annual loss
as it wrote down the value of poorly performing businesses and
recorded restructuring costs designed to turn the company around in
an increasingly competitive market. (published 2324 GMT
Wednesday)
MIE Holdings: 1H Net Loss Widens to CNY1.40 Billion
Oil and gas company MIE Holdings Corp. said Thursday its
first-half net loss widened to 1.40 billion yuan from CNY324.4
million a year earlier, partly due to lower revenue and higher
impairment charges. (published 0039 GMT)
Sunshine 100 China Appoints Lin Shaozhou as New CEO With Immediate Effect
Chinese real estate developer Sunshine 100 China Holdings Ltd.
said Thursday it has appointed Lin Shaozhou as chief executive,
replacing Yi Xiaodi. (published 0022 GMT)
Amcor Flags Growth Ahead after Net Profit Falls 64%
Paper and packaging company Amcor Ltd. said it expects earnings
to grow in constant currency terms this fiscal year after net
profit fell 64% driven by unfavorable foreign exchange moves and a
writedown of its Venezuelan operations. (published 0013 GMT)
AWE Annual Loss Widens
Oil and gas producer AWE Ltd. reported a wider annual loss, hit
by impairment costs and the slump in global energy prices.
(published 0005 GMT)
Nine Entertainment Annual Profit Falls 15%
Australian broadcaster Nine Entertainment said its annual net
profit fell 15% as it lost market share in a weak overall
free-to-air television market. (published 2340 GMT Wednesday)
Iluka Cuts Dividend on 1H Loss; Says Concerns Raised on Takeover
Australian miner Iluka Resources Ltd. halved its midyear payout
as it recorded a first-half loss, and also said the government in
Sierra Leone has raised concerns over its proposed takeover of
Sierra Rutile Ltd. . (published 2334 GMT Wednesday)
Digital Agency Barbarian Names Third CEO in Less Than a Year
its third in a year. (published 2250 GMT Wednesday)
South32 Pays Maiden Dividend Despite Large Loss
Base metals and coal miner South32 Ltd. recorded a large annual
loss for its first full fiscal year because of US$1.7 billion in
charges and weak commodity prices. (published 2247 GMT
Wednesday)
Western Areas Swings to Loss After Nickel Prices Slump
Western Areas Ltd. slumped to an annual loss because of weak
nickel prices and write downs against its assets. (published 2237
GMT Wednesday)
HP Reports Lower Earnings, Revenue--Update
HP Inc.'s revenue and earnings shrank in its most recent
quarter, but the company showed signs of stabilizing its
long-declining personal-computer business, its largest revenue
generator. (published 2232 GMT Wednesday)
(END) Dow Jones Newswires
August 24, 2016 21:01 ET (01:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.