Commodity Brokers News
Rio's Output Rise Fails To Shield Bottom Line
Monday July 26, 1999
Rio Tinto is expected to report on Thursday a June-half net profit of about $US475 million ($735 million), well down from $US551 million earned in the same period a year ago. The lower profit reflects the impact of lower commodity prices, more than offsetting production increases in most of the Fletcher Energy, Paper Backers Win
Wednesday July 14, 1999
Investors holding shares in Fletcher Energy and Fletcher Paper look likely to emerge the big winners in a major restructuring of the group's listed entities. The long-awaited plans for a shake-up at industrial conglomerate Fletcher Challenge con- firmed moves outlined in a memo leaked to brokersInternational Rush For Stock
Tuesday July 6, 1999
The sharemarket soared yesterday following record-breaking trading on Wall Street over the weekend. The All Ordinaries index rose 49.2 to 3078.1. This compares with the all-time high of 3145, which was set on April 27. Brokers reported several fund managers rebalancing portfolios for the nNews Archive
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