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Market Wrap: Aussie stocks close sharply lower

The Australian share market closes sharply lower. Sigma Pharmaceuticals Ltd (ASX:SIP) Chairman Dr John Stocker announces his retirement following the company’s annual general meeti…

Stock Watch - 19/05/10

Stockbroker Gary Glover takes a technical look at Dow Jones, Dow Industrial Historical Charts 1932-1988, S&P ASX200, Spot Gold, SUN and ASX

Stockland Ltd (ASX:SGP) to deliver record sales in fiscal 2010

Stockland Ltd (ASX:SGP) on track to deliver record residential sales in fiscal 2010, with around 5,000 net deposits achieved in the financial year to the end of April.

Market at Midday: Aussie stocks lower

The local share market is lower at midday. Coca-Cola Amatil Ltd (ASX:CCL) reaffirms its expectations for high single digit growth in earnings for the first half of 2010.

Outlook - Aussie shares look set to open weaker

The Australian share market looks set to open weaker after a late sell off on Wall Street. SingTel (ASX:SGT) owned, Optus vows to supports controversial measures included in the NB…

Sigma Pharmaceuticals Ltd (ASX:SIP) CFO resigns

Sigma Pharmaceuticals Ltd (ASX:SIP) announces the resignation of chief financial officer, Mark Smith, effective immediately.

Optus reports a 16% jump in profit for the year

Optus reports a 16% jump in profit for the year and says the fourth quarter was its strongest in five years for new mobile customer additions.

Midday: Aussie stocks higher

The local share market is higher at midday. SP AusNet (ASX:SPN) reports an 18% increase in full year profit to $209 million today on the back of a 14% increase in revenue.

Suncorp Metway Ltd (ASX:SUN) reports sharp rise in impairment charges

Suncorp-Metway Ltd (ASX:SUN) reports sharp rise in impairment charges at its core banking division during the three months to March 31.

Market Wrap: Shares close deeply lower

Aussie shares close deep in the red. Santos Ltd (ASX:STO) is confident of making an announcement soon about a new customer for its LNG joint venture in Queensland.

Sims Metal Management Ltd (ASX:SGM) reports 31% fall in sales

Sims Metal Management Ltd (ASX:SGM) reports 31% fall in sales for the nine months to March 31 due to a weak North American market.

Outlook - Aussie shares expected to fall at open

The Australian share market is expected to open lower on Thursday, after Wall Street extended losses from the day before, due to further concerns about the debt crisis in Europe.

Midday: Aussie stocks lower

The local share market is weaker at midday. Skilled Group Ltd's (ASX:SKE) CEO has resigned as the company downgrades its earnings outlook for the year.

Market Wrap: Shares finish flat

Aussie shares finish the day flat. AWB Ltd (ASX:AWB) receives court approval for its $39.5 million settlement plan in a shareholder class action relating to the Iraqi kickbacks sca…

Market at Midday: Stocks slightly higher

Aussie stocks are slightly higher at midday. Kerry Stokes’ proposed merger between the Seven Network Ltd (ASX:SEV) and WesTrac has received court approval.

Super Cheap Auto Group Ltd (ASX:SUL) buys Rays Outdoors for $54 million

Super Cheap Auto Group Ltd (ASX:SUL) agrees to acquire outdoor leisure retailer Ray’s Outdoors for $54 million.

Nexus Energy Ltd (ASX:NXS) halts gas production at Longtom

Nexus Energy Ltd (ASX:NXS) says gas production from the Longtom gas field has ceased after low levels of mercury were detected in test samples.

Outlook: Stocks might be in for a flat start

Australian share market looks like it may be in for a flat start this morning. BHP Billiton Ltd (ASX:BHP) CEO expresses concern over 'tea money' scandal.

Santos Ltd (ASX:STO) floods impact production in March quarter

Santos Ltd (ASX:STO) reports a decrease in output for the March quarter due to heavy rains and major floods in Central Australia and Queensland.

Outlook: Aussie stocks likely to open lower

Aus shares likely to open slightly lower following mixed leads from overseas markets. NAB Ltd (ASX:NAB) says it will not sell Aviva as it pursues options regarding its bid for AXA …

Market Wrap: Shares close higher

Aussie shares close higher. ANZ (ASX:ANZ) rules itself out as a bidder for AXA Asia Pacific (ASX:AXA) after NAB’s (ASX:NAB) offer was knocked back by the ACCC.

Outlook: Stocks likely to open higher

Australian share market likely to open higher following a mostly positive lead from Wall St. Merrill Lynch cuts its profit forecast for Rio Tinto Ltd (ASX:RIO) after the miner's p…

Seven Network Ltd (ASX:SEV) shareholders likely to approve merger

Seven Network Ltd (ASX:SEV) shareholders expected to approve $3 billion merger with industrial equipment group WesTrac.

Sigma (ASX:SIP) taking responsibility

The now former Sigma Pharmaceuticals (ASX:SIP) chief executive Elmo de Alwis says he quit because he wanted to take responsibility for the company not doing what it said it would.

Market Wrap: Shares close above 5000 level

The local share market clung onto gains to close above the 5,000 level today. Sigma Pharmaceuticals Ltd (ASX:SIP) CEO Elmo De Alwis has resigned.