Elders Limited
Elders Limited, formerly Futuris Corporation Limited, is Australia's rural and regional company. The Company's businesses consist of Elders Rural Services, Elders Financial Services, Forestry and Automotive. The Company provides farmers in Australia and New Zealand with an integrated service offering for farming that extends from the supply of financial services and farm inputs to the marketing and sale of farm outputs. Its product areas include sheep and cattle, wool, grain, merchandise, financial services and real estate. Elders Financial Services include Elders Rural Bank and Elders Insurance. Forestry includes ITC Forestry and ITC Timber. The Futuris Automotive Group includes a 100% of Futuris Automotive Interiors and a 35% owned share in Air International Thermal Systems. Futuris Automotive Interiors designs, engineers and manufactures automotive interior solutions. In December 2008, the Company completed divestment of Amcom Telecommunications.
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News
On Friday, the Australian market closed marginally higher with rise on most sectors except energy stocks. The benchmark S&P/ASX200 index gained 34.5 points, or 0.96 per cent, at 3,615.7, while the broader All Ordinaries index rose 25.5 points, or 0.72 per cent, to 3,547.2. Low trading volumes are expected this week.
Yesterday Australia's share market closed higher after surge in the mining sector. The benchmark S&P/ASX200 index yesterday ended 36.4 points or 1% higher at 3640.7, while the broader All Ordinaries was up 39.6 points, or 1.1%, at 3,573.3. The stronger commodity prices for gold and oil overnight may further buoy the stocks market which has been oversold.
Yesterday, the S&P/ASX-200 share index fell about 1.6%, or 61.3 points, to 3681.2, while the broader All Ordinaries lost 53.7 points, or 1.5%, at 3619. Some US economic research institutions admitted the recession actually started last December, and now the questions are how bad and how long it will be.
Overnight Wall Street slumped in late trading with Dow Jones Industrial Average ended the day down 2.5%. Australia's benchmark S&P/ASX-200 share index yesterday advanced almost 4% for a second straight session, bringing the two-day increase to more than 8%, as buyers flooded back into big mining companies.
Yesterday, the Australian share market closed slightly lower following weaker commodity prices. The benchmark S&P/ASX200 index was down 17.3 points, or 0.34%, to 5118.3, while the broader All Ordinaries index fell 15.5 points, or 0.3%, to 5200.
In early trade today, the benchmark S&P/ASX200 index had risen as much as 60.8 points, or 1.2%, to 5047.0 with financial stocks leading the way, as the Wall Street lifted more than 302 points on Friday night. Wall Street's rally was a result of a surge in the US dollar and a drop in oil prices, which fell below $US115 a barrel for the first time since May.
Futuris Corporation Limited (ASX: FCL) - FY06 Interim Results - Mr Leslie Wozniczka, CEO; Boardroomradio is pleased to announce that Futuris Corporation Limited (ASX: FCL) has published an audio file.
Futuris Corporation Limited (ASX: FCL) - Full Year Results for 2006 - Mr Les Wozniczka, CEO; Boardroomradio is pleased to announce that Futuris Corporation Limited (ASX: FCL) has published an audio file.
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