Trade opportunities
Inflation figures are due out today and many believe a low number will prompt the RBA board to cut interest rates next month
Opinion
Ian Silk, Chief Executive of the $100 billion Australian Super fund, has dispelled any doubt that we are stuck in a low interest, low inflation environment, announcing this week that Australian Super’s Balanced Fund had returned 4.54 percent for the 2015 to 2016 year
Company updates
Downer has reported its results for 1H16. Net profit after tax is down 24% to $72m reflecting the intense and challenging conditions in the mining and energy markets but the company is guiding an improvement in earnings in the second half. The company’s balance sheet is in a healthy position with gearing at 8.4% and available liquidity of $1.0bn. We remain comfortable with the credit
Company factsheets
The Issuer is a wholly owned subsidiary of Downer EDI Limited (Downer). Downer is an ASX listed engineering and services firm providing engineering solutions across a number of sectors to clients throughout the Asia Pacific region, with a market capitalisation of $1.4bn as at the date of this factsheet
Company updates
Downer delivers consistent year-on-year performance on an overall basis, but has reduced its FY16 profit guidance in light of challenging conditions in the mining sector
Company updates
Downer’s performance reflects the challenging conditions facing the mining-related services sector. All key financial measures are down in 1H14, and mining based construction and services markets remain subdued