Spotless Group Limited

Australian Market Report of December 1, 2010 includes: Tawana Resources NL (ASX:TAW) today announced a strategic alliance agreement with Gryphon Minerals Limited (ASX:GRY); Pacrim Energy Limited (ASX:PRE) announced further exploration success at Redcliffe Gold Project; Golden Rim Resources Limited (ASX:GMR) acquired an additional gold exploration permit in Burkina Faso; Spotless Group Limited (ASX:SPT) announced UK acquisition in the Leisure, Sports & Entertainment sector.

Australian shares and Asian markets Friday were down on the US Federal Reserve's decision to raise the discount rate for the first time since the financial crisis. NAB's flat cash earnings result also weighed on the Australian shares. At the close, the benchmark S&P/ASX200 index declined 19.8 points, or 0.4 per cent, at 4635.1, while the broader All Ordinaries index slid 17.6 points, or 0.4 per cent, to 4656.3. The local market gained 2 per cent for the week.

Wall Street declined overnight on a weak housing report, despite some strong earnings results. The Commerce Department said that construction starts on privately owned homes rose 0.5 per cent to 590,000, lower than expectations.

Wall Street was higher on Friday as a government report showed that the pace of job losses slowed in August. But the US stocks were still in negative territory for the week with the worst performance since early July.

US stocks rose on Friday after Federal Reserve Chairman Ben Bernanke said the central bank is winding down its emergency lending programs established to end the financial crisis.

Australian shares closed lowered yesterday as investors expected a further fall on US market. The S&P/ASX 200 fell 86.8 points, or 2.3 per cent, to 3619.5, while the All Ordinaries was down 81 points, or 2.22 per cent at 3567.5. The financial stocks may be hit by International Monetary Fund's forecast of increasing toxic assets.

The Australian share market closed firmly in the black on last Friday, driven by a resurgent resources sector after the commodities index posted its biggest weekly gain in 33 years. US stocks rose on Friday as financial stocks gained and a plunge in oil prices soothed worries about inflation and consumer spending.

Spotless Group Limited (ASX: SPT) - FY2007 Full Year Results - Mr Peter Wilson, MD; Spotless Group Limited (ASX: SPT) present the following audio webcast regarding "FY2007 Full Year Results". You may also download this audio webcast to your computer or portable audio player.