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False hope you can believe in: Pacific Brands' turnaround

Brands are often a source of above average profitability - but not always. Tally up Pacific Brands' (ASX: PBG) cumulative net profit for the past decade and you arrive at a pretty sobering sum: negative $652 million. Pacific Brands' recent profit upgrade is great news for investors, but a true turnaround won't be a walk in the park.

03 Jul 2015
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Cautious end to the week looks likely

After three days of good gains, markets are likely to baton down the hatches as we head into the now familiar routine of a weekend with potential to create Greek induced risk and volatility next week. Having rallied to reflect consensus views that Monday's negative market reaction to the situation in Greece was overstated, traders may be a little more cautious today. Both the result of Sunday's referendum and its immediate consequences remain difficult to assess.

03 Jul 2015
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