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Boart Longyear Ltd

Type: Company

Name: Boart Longyear Ltd

Nationality: Australia

Web Address: http://www.boartlongyear.com/

Fact Sheet: Fact Sheet for Boart Longyear Ltd

First reported May 22 2013 - Updated 22 hours ago - 2 reports

Federal Reserve System

Stocks down in cautious trading

THE sharemarket fell in cautious trade before US Federal Reserve chairman Ben Bernanke's testimony to US lawmakers and the minutes of the Fed's May board meeting, both due overnight. The benchmark S&P/ASX200 closed down 0.3pc at 5165.4 after an early ... [Published Adelaide Now - May 22 2013]

Entities: Federal Reserve System, CFS Retail Property Trust, Ben Bernanke

First reported May 22 2013 - Updated May 22 2013 - 2 reports

Australian shares reverse early gains to end lower, banks drag

Entrance interior of the Australian Securities Exchange (Adds details, comments) SYDNEY, May 22 (Reuters) - Australian shares closed 0.3 percent lower on Wednesday as the financial sector and mining services dragged on the market while investors awaited ... [Published Sharenet - May 22 2013]

Entities: Stocks, Profit Warnings, MEDICAL DEVELOPMENTS INTERNATIONAL LIMITED, Australian Dollar

First reported May 22 2013 - Updated May 22 2013 - 1 reports

JPMorgan Chase & Co

Boart Longyear Downgrades, As Expected

-Downgrade to FY13 earnings-Gearing may present a problem-Threat to dividends-Broad footprint a mitigating factorAnother week, another downgrade in the mining services sector. At its AGM, drilling services and products supplier Boart Longyear ((BLY)) ... [Published FNArena - May 22 2013]

Entities: Boart Longyear Ltd, Mineral, JPMorgan Chase & Co, Dividend

First reported May 22 2013 - Updated May 22 2013 - 2 reports

Boart Longyear Ltd

Boart Longyear Downgrades, As Expected

-Downgrade to FY13 earnings-Gearing may present a problem-Threat to dividends-Broad footprint a mitigating factorMust Read ... [Published International Business Times Australia - May 22 2013]

Entities: Boart Longyear Ltd, Dividend, Threat

First reported May 21 2013 - Updated May 22 2013 - 2 reports

Newcrest Mining Ltd

Weakness in banks, industry cause drag

The sharemarket closed about half a per cent lower, dragged down by weakness among the banks and industrial stocks.At the close on Tuesday, the benchmark S&P/ASX 200 Index was down 28.9 points, or 0.55 per cent, at 5180.1. The All Ordinaries fell 29.2 ... [Published WA Today - May 21 2013]

Entities: Tim Worner, Boart Longyear Ltd, Seven West Media Ltd, Newcrest Mining Ltd

First reported May 21 2013 - Updated May 22 2013 - 5 reports

Transfield Services Ltd

Drill manufacturer cuts over 1000 jobs

Massive cuts across the contract mining sector have come home to roost as drilling service and manufacturing company Boart Longyear slashes over 1000 jobs from its operations globally this year.Chief executive Richard O'Brien yesterday warned investors ... [Published Manufacturers Monthly - May 22 2013]

Entities: Richard O'Brien, Mining, Transfield Services Ltd, Boart Longyear Ltd

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Jobs go as Boart Longyear feels pain

heard from CEO Richard O'Brien. He lowered the Australian-listed mining services provider's 2012-13 revenue forecast to about $US1.466bn and that for EBITDA to $US19m. This compares with $US2.01bn and $US322m respectively in 2011-12. Boart has also made ... [Published Individual.com - May 22 2013]

Entities: Boart Longyear Ltd, Richard O'Brien, Layoffs

First reported May 21 2013 - Updated May 21 2013 - 1 reports

Drilling contractor Boart Longyear eyes more cost cuts

Updated | New Boart Longyear chief executive Richard O’Brien will use an operational review as an opportunity to cut more costs, arguing there is no obvious catalyst for improvement in the mining sector. Jamie writes about the mining industry from our ... [Published Australian Financial Review - May 21 2013]

Entities: Boart Longyear Ltd, Richard O'Brien, Mining

First reported May 21 2013 - Updated May 21 2013 - 1 reports

Boart Longyear Ltd Cuts 1,000 Jobs-DJ

3:57am BSTDow Jones reported that Boart Longyear Ltd it had cut more than 1,000 staff since the start of the calendar year amid a slowing down in global mining investment. The Company, which mainly provides drilling services to the resources industry, ... [Published Reuters UK - May 21 2013]

Entities: Boart Longyear Ltd, Mining

First reported May 21 2013 - Updated May 21 2013 - 3 reports

Transfield falls to record lows

Short-selling helped push shares in Transfield Services to a record low following an earnings downgrade that was coupled with 113 jobs being axed.Transfield was the latest in a list of mining services companies to warn of tough times, after WorleyParsons, ... [Published Melbourne Age - May 21 2013]

Entities: Monadelphous Group Ltd, Downer Edi Ltd, Stocks, Debtor

First reported May 21 2013 - Updated May 21 2013 - 3 reports

Boart's earnings hit by mining downturn (AAP)

Drilling company Boart Longyear says reduced spending on mineral exploration is causing its earnings to fall. ... [Published Yahoo! News Australia - May 21 2013]

Entities: Mining, Boart Longyear Ltd, Mineral

First reported May 21 2013 - Updated May 21 2013 - 2 reports

Boart Longyear flags weaker earnings despite job cuts

You must be logged in to read this articleNot a member yet? Register today ›Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you likeAlready a member? Sign in hereEmail Address *Enter ... [Published Business Spectator - May 21 2013]

Entities: Boart Longyear Ltd, Layoffs, Richard O'Brien

Quotes

"But there is only so much you can move from the low interest-rate policy," Meckler said. "It has got to translate into economic news or earnings news and that's why the market has remained largely unchanged." Contributors: Thomas Hunter, Jens Meyer, Georgia Wilkins

Markets Live: ASX closes 14 points lower [Published Brisbane Times - May 22 2013]

...facing a massive multi-year adjustment as mining investment returns to normal," said Kieran Davies, chief economist at Barclays in Sydney. "The adjustment in mining investment is unlikely to be fully offset by a combination of strength in the rest of the economy."

Australian Consumer Sentiment Falls Sharply [Published Nasdaq - May 22 2013]

..."There's no way Bernanke will mention tapering...not after Dudley's comments," said IG chief market strategist Chris Weston. "If he did there would be major moves in all asset classes. However, he will defend his current policy, talk about the costs and benefits of policy and probably say that the Fed can increase or decrease asset purchases in line with its economic objectives. As with Dudley's comments that would be dovish but four hours later we get the minutes and they will be hawkish as they give non-voters a chance to have their say." Newcrest Mining declined 1.7 per cent after spot gold fell 1.3 per cent overnight

Market stalls ahead of Fed [Published Adelaide Now - May 22 2013]

More Content

sort by: Date \| Relevance
Miners limit losses on ASX as banks falter [Published Individual.com - 20 hours ago]
Stocks down in cautious trading [Published Adelaide Now - May 22 2013]
Australian shares reverse early gains to end lo... [Published Sharenet - May 22 2013]
Markets Live: ASX closes 14 points lower [Published Brisbane Times - May 22 2013]
Australian Consumer Sentiment Falls Sharply [Published Nasdaq - May 22 2013]
Boart Longyear Downgrades, As Expected [Published FNArena - May 22 2013]
Boart Longyear Downgrades, As Expected [Published International Business Times Australia - May 22 2013]
Boart Longyear Downgrades, As Expected [Published International Business Times UK - May 22 2013]
Drill manufacturer cuts over 1000 jobs [Published Birmingham Star - May 22 2013]
Market stalls ahead of Fed [Published Adelaide Now - May 22 2013]
Markets Live: Low on confidence [Published Brisbane Times - May 22 2013]
Australia shares inch higher on Wall St, banks ... [Published Yahoo! UK and Ireland - May 22 2013]
Drill manufacturer cuts over 1000 jobs [Published Manufacturers Monthly - May 22 2013]
S&P ASX 200 higher on improved iron ore price [Published Proactive Investors Australia - May 22 2013]
DJ MARKET COMMENT: S&P/ASX 200 Up 0.3% As Resou... [Published Individual.com - May 22 2013]
Boart joins long list of hard-hit service provi... [Published Individual.com - May 22 2013]
Bull market no check at confession time [Published Individual.com - May 22 2013]
Jobs go as Boart Longyear feels pain [Published Individual.com - May 22 2013]
Boart cuts more costs [Published Individual.com - May 21 2013]
Drilling contractor Boart Longyear eyes more co... [Published Australian Financial Review - May 21 2013]
Boart Longyear Ltd Cuts 1,000 Jobs-DJ [Published Reuters UK - May 21 2013]
Weakness in banks, industry cause drag [Published WA Today - May 21 2013]
Boart Longyear to cut 1000 jobs worldwide [Published Topnews.in - May 21 2013]
Australian Indexes Fall, QBE in Focus on Oklaho... [Published Ticker - May 21 2013]
Jobs go as Boart Longyear feels pain [Published Melbourne Age - May 21 2013]
Transfield falls to record lows [Published Melbourne Age - May 21 2013]
21 May - Australian stocks close lower [Published Switzer - May 21 2013]
Mining Services Feel Heat as Australia Resource... [Published 4 Traders - May 21 2013]
Death by 3,000 cuts [Published NineMSN Finance - May 21 2013]
Stocks down on profit warnings [Published Adelaide Now - May 21 2013]

Blogs

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NEWS: Missing man found “alive and well” near N... [Published Nunatsiaq News - Online - May 17 2013] Michel Pilon, 39, a driller lost on the land for more than two days, was found late May 16.In a news release sent out at about 1 a.m. May 17, Agnico Eagle Mines Ltd. said is was “very happy” to report that its search and rescue teams located Pilon “alive ...
The Obama Economy: Layoffs And Business Closing... [Published Wake up America - Dec 07 2012] By Susan Duclos Additional layoffs and business closings will be listed as reports are found throughout the day. Below are reports found on December 7, 2012.Layoff Reports: December 7, 2012: Denver-based Allonhill LLC is laying off 140 workers iVox ...

Press Releases

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Boart Longyear Announces Safe Rescue of Drill R... [Published Business Wire - May 18 2013]
Boart Longyear Announces Safe Rescue of Drill R... [Published Business Wire Natural Resources News - May 18 2013]
Boart Longyear Announces Safe Rescue of Drill R... [Published Business Wire Energy News - May 18 2013]
Boart Longyear Enhances Fleet Safety With inthi... [Published Marketwire - Breaking News Releases - Mar 06 2013]
Boart Longyear Launches Next Generation LF120A ... [Published PR Newswire: General Business - Mar 05 2013]