Latest Finance News



Market unimpressed by major companies

The Australian share market is slightly lower after strong earnings reports from major companies failed to hearten investors. Investors were subdued on Wednesday despite market heavyweight Commonwe..

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Sydney Airport in $1.2b buy-out

Sydney Airport will buy out its minority shareholders in a $1.2 billion move to simplify its ownership.The company says it will buy the 15.2 per cent interest in Australia's biggest airport that it do..

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we need to improve our network

Optus admits it needs to improve the quality of its network after seeing rival Telstra scoop up most of the 550,000 customers who this year abandoned struggling telco Vodafone.The telco has watched it..

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Optus says network needs improvement

Optus admits it needs to improve the quality of its network after seeing rival Telstra scoop up most of the 550,000 customers who this year abandoned struggling telco Vodafone. The telco has watche..

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DJ scandals weigh on Southern Cross

Poorly rating TV programs and the royal radio prank have hit Southern Cross Austereo's revenue.But the TV and radio broadcaster still managed a slight rise in full year profit, and says it is confiden..

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CSL records 19% net profit boost

Blood products and vaccine provider CSL has lifted its profit 19 per cent amid stronger sales and improved margins.CSL made a net profit of $US1.22 billion ($A1.35 billion) for the 2012/13 financial y..

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Leighton shares slide as profit triples

Construction giant Leighton boosted its profit in the first half of 2013, but investors remain concerned about the impact of the mining downturn on the company.Leighton made a net profit of $366.2 mil..

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CBA boss wants a majority government

The head of Australia's largest and most profitable bank wants a majority government elected in September to help restore business and consumer confidence.Commonwealth Bank made a $7.8 billion profit ..

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US stocks flat on mixed economic data

US stocks have opened little changed as improving economic conditions in Europe were offset by a US inflation report that pointed to tepid growth.Five minutes into trade, the Dow Jones Industrial Aver..

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