Sydney, Aug 16, 2007 (ABN Newswire) - Aussie shares have fallen further this morning as financial shares such as National Australia Bank skidded on growing concern about credit markets, while weaker metal prices weighed down on mining firms.

At Midday the S&P/ASX200 index has fallen 114 points to 5,674 and on the futures market the SPI 200's down 130.
In economic news, the Melbourne Institute Consumer Inflationary Expectations survey found the median expectation of price increases in the coming year rose to 3.8 percent in August, reversing July's drop to 3.5 percent.

In company news this hour, CFS Retail Property Trust this morning reported that annual profit rose 84 per cent and said says its development pipeline will continue to drive growth. Net profit for 2006/07 was $1.11 billion, up from $605.92 million in the previous year. CFS fund manager Michael Gorman said the result was driven by profitable completed developments, solid income growth and strong valuation increases. CFS Retails Property Trust shares are 0.94% higher at $2.15

The full report is available at the following video and audio links.

Video Link

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