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The local share market recovered most of the day's earlier losses,which was sparked by a sale-off on global markets.By the close,the ALL-Ordinaries Index lost just few points as did the ASX 200 Index.QR National Stocks slumped1.Premier2 investments went the other way.The miners lost ground while the banks gained.Spot gold is set in Asian trade,West Texas Crude slipped overnight on concerns about falling demand and the Australian dollar is buying 103.8 US cents.
Premier Investment has defied the tough retail3 environment,posting a small fall in first half earnings4.Premier,which owns brands including Just Jeans,Portmans and Peter Alexander,revealed a 2.4% slide in first half profit to 32.5 million dollars.Shareholders5 will receive a dividend6 of 18 cents per share fully7 franked.
The freight operator, QR National,has cuts its profits guidance on the back of falling demand for coal transport from Queensland.
Two months ago,the company told investors8 it's expected earnings to come in as five hundred and seventy-eight million dollars.Then now is expected to be as low as five hundred and forty million dollars.
Laws that crack down on shonky financial advisers9 has passed the lower House of Parliament.They are designed to end a secret commission and make sure advisers put their clients' interests first. The Federal opposition10 says the new laws simply add more red tape.
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1 slumped | |
大幅度下降,暴跌( slump的过去式和过去分词 ); 沉重或突然地落下[倒下] | |
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2 premier | |
adj.首要的;n.总理,首相 | |
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3 retail | |
v./n.零售;adv.以零售价格 | |
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4 earnings | |
n.工资收人;利润,利益,所得 | |
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5 shareholders | |
n.股东( shareholder的名词复数 ) | |
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6 dividend | |
n.红利,股息;回报,效益 | |
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7 fully | |
adv.完全地,全部地,彻底地;充分地 | |
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8 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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9 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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10 opposition | |
n.反对,敌对 | |
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