Business

JB Hi Fi

Miclyn: Time to talk back to your broker

Shares

Greg Hoffman If someone is encouraging you to buy shares in upcoming float Miclyn Express Offshore, you might like to raise a couple of questions.

JB Hi-Fi unveils record half year profit

Retailer JB Hi-Fi has reported a 29 per cent increase in net profit for the first half of 2009/10 and announced CEO Richard Uechtritz will step down this year.

Record results for JB Hi-Fi as Uechtritz to exit

JB Hi Fi

Retailer reports a 29% increase in first-half profit and announced CEO Richard Uechtritz will step down. Shares fell.

JB Hi-Fi sails on strong in downturn

Ruth Williams JB Hi-Fi continues to sail through the economic downturn, unveiling 8.4 per cent comparable sales growth for the first three months of 2009-10.

JB Hi-Fi confident to meet expectations

Electronics retailer JB Hi-Fi says it is encouraged by signs of consumer confidence and is confident of meeting market expectations in the financial year.

Drift to thrift drives jump in JB Hi-Fi’s sales

A ‘‘drift to thrift’’ by consumers has delivered JB Hi-Fi a large 8.4 per cent jump in first quarter sales, allowing it to maintain its annual sales guidance and lift its target for new store...

JB Hi-Fi shares hit record high

Shares in market darling JB Hi-Fi advanced to a record high on several broker upgrades following a surprise surge in September quarter comparable store sales.

Brokers upgrade market darling JB Hi-Fi

Shares in JB Hi-Fi advanced to a record high on several broker upgrades following a surprise surge in sales.

JB Hi-Fi confirms growth forecast

JB Hi-Fi Ltd has reiterated its upbeat growth forecast for the current financial year saying much of the uncertainty in the macro economy seems to have abated.

Bosses share the risk: $30m scrip sold, $5m bought

Christopher Webb There is only one thing better than one director buying shares in his own company and that's two directors doing a bit of buying.

Uechtritz bags $10m from JB stock sale

Richard Uechtritz

Eli Greenblat Outgoing JB Hi-Fi chief executive Richard Uechtritz has sold 500,000 shares in the music and electronics retailer to raise $9.87 million.

Medicare changes put pressure on Primary

Insider Investors in Primary Health are still reeling from a December half in which the company underperformed in all three of its major divisions.

Asian firms to boost share portfolios

Lema Samandar Share portfolios can offer rewarding returns by including Asian-based companies because of the region's strong growth, a global investment house says.

JB's Uechtritz to bow out on top

Eli Greenblat JB Hi-Fi boss Richard Uechtritz has achieved a rare feat among corporate chiefs - choosing the timing of his own departure.

JB discounted as boss jumps ship

Eli Greenblat JB Hi-Fi's shares fall after it announces that long-serving chief Richard Uechtritz will retire soon.

Market closes flat

The Australian share market closed flat with major banks buffering the market against the effect of profit-takers.

Australia's 'new king of retailing' ready to hand in his crown

James Kirby

James Kirby They say the definition of a ''blue chip'' stock is that the chief executive can walk under a bus and it won't make a difference to the share price.

Cunning Colonial shows high fidelity to JB

Christopher Webb JB HI-FI'S true believers have used the recent near 7 per cent decline in the share price as a chance to load up.

Elliott buys the pain out of JB's scrip punishment

Christopher Webb JB Hi-Fi chairman Patrick Elliott decided that enough was enough when his company's scrip was still being punished three days after the release of what some investors took to be negative news.

ASX dragged lower by banks

The ASX closed weaker after Macquarie Group disappointed investors and as concerns about Europe's sovereign debt flowed through to local bank stocks.