The Wesfarmers result was disappointing
New leadership at Wesfarmers has moved to clean up operations with a major writedown and hard look at overseas operations, says Hugh Dive of Atlas Funds Management.
Category: In the press
National Australia Bank to slash headcount as profit breaks record
UPDATE 2-National Australia Bank to slash headcount as profit breaks record
NAB increases cash profit by 2.5 pct to A$6.64 bln * Bank flags 6,000 job cuts * High restructure costs prompt share price fall * NAB improves margins after lifting interest rates (Adds broker and analyst quotes, share price reaction) By Jonathan Barrett and Paulina Duran SYDNEY, Nov 2 (Reuters) – National Australia Bank (NAB) flagged thousands of job cuts as it posted a record annual cash profit of A$6.64 billion ($5.1 billion) on Thursday, underpinned by surging home loan volumes and higher business lending margins.
CNBC: BHP could be in a net cash position next year
BHP’s decision to use free cash flow to pay down debt instead of paying it out to shareholders was a good idea, says Hugh Dive of Atlas Funds Management link
What investing insights would you give your 20 year old self?
Atlas’ Hugh Dive is among the 37 high-profile investors asked what advice they would give to themselves at the age of 20, for this 200th edition of Cuffelinks:
What two investing insights would you give your 20-year-old self?