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Investors wiped almost 13 per cent from the share price of steelmaker Arrium after its Asian suitor walked away from a $1 billion plus takeover bid. Shares in Arrium, formerly OneSteel, closed 10 c..
The Australian share market has closed more than one per cent lower, despite encouraging manufacturing data from China. At the close on Thursday, the benchmark S&P/ASX200 index was down 59.4 po..
Shareholders have backed the appointment of Graeme Hunt as Transfield Services' new chief executive, as the company begins cutting costs amid weaker industry conditions. The construction and mainte..
Shares in investment manager Perpetual have slumped after the company said it won't post an improved performance in the first half of the financial year. But Perpetual has escaped a "second strike"..
Mining magnate Nathan Tinkler says reports he is in financial strife are incorrect. Mr Tinkler has been involved in several legal disputes in recent months over his failure to pay debts to a number..
Lend Lease has appointed Kylie Rampa as head of its $8.8 billion investment management business in Australia. The investment management business is part of Lend Lease's property division. Lend L..
Women's fashion retailer Noni B says tough retail conditions have continued into the current financial year. "Last year's challenging business conditions are continuing in the current year," Noni B..
Treasury Wine Estates has extended its presence in New Zealand by taking complete ownership in the Rapaura Vintners winery and warehouse in the county's Marlborough region. Treasury Wine, which own..
Australia's manufacturing sector has contracted for an eighth consecutive month amid weakness in selling prices and new orders. The latest Australian Industry Group performance of manufacturing ind..
