Latest Finance News



Australian share market edges lower

The Australian share market's run of gains has ended, due to mixed reactions to corporate profit reports. Shares had posted five straight days of gains, but the market closed marginally lower on Th..

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Dairy bidding war comes to end

Canadian dairy giant Saputo has fallen short of taking full ownership of Victoria's Warrnambool Cheese and Butter Factory. Beverage and food group Lion has refused to sell its 10 per cent stake, an..

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Aussie stocks give up early gains

Australian stocks gave up early gains in share prices after the unemployment rate hit its highest level in more than a decade. News that the jobless rate was 6.0 per cent sent the ASX200 falling fr..

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At least 1300 Forge employees sacked

At least 1300 Forge Group employees have been sacked without pay after the engineering company's clients cancelled their contracts. Forge is on the verge of being delisted from the Australian share..

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Telstra 10% profit rise lifts dividend

Telstra has increased its dividend for the first time in eight years as it gains almost 740,000 new mobile customers and lifts its half yearly profit by nearly 10 per cent. Telstra made a net profi..

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Transurban looks for major stake in QML

Toll road operator Transurban says it will take a substantial stake if it and its consortium partners bid for Queensland Motorways Ltd (QML). "Clearly, for us to be involved it would have to a very..

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Unemployment rate hits 10 year high

Economists expect little improvement in the jobs market in the months ahead, after the unemployment rate hit six per cent for the first time in over 10 years. Australia's jobless rate for January r..

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