Sydney, Aug 15, 2007 (ABN Newswire) - Australian shares fell this morning as fresh signs of trouble from the U.S overnight in global credit markets sent financial stocks such as Macquarie Bank lower, while a tumble in metal prices pressured mining firms.
At Midday the S&P/ASX200 index has fallen 115 points to 5,850 and on the futures market the SPI 200's down 138.
In company news this hour, Computershare has posted a massive increase in its full year profit. Earnings rose 71 per cent to 233.78 million US dollars. Analysts had forecast a profit result of around 228 million US dollars. The company says the positive result was on the back of a global takeover boom and says it sees no material impact from the recent market volatility. Computershare is the world's leading share registry company and shares are down 2.41% at $8.92
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