Latest Finance News



IAG upgrades financial guidance

Insurance Australia Group says fewer than expected insurance claims in the 2012/13 financial year will improve its financial performance. The owner of the CGU and NRMA brands has increased its guid..

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Downer wins $230 million in contracts

Engineering company Downer has had its blasting services contracts in the mining sector extended for $230 million. Coal miners Yancoal and Sojitz and gold producer Saracen extended its contracts wi..

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BHP posts record output for year

BHP Billiton's shareholders could be in for a cash bonanza after it posted record production in a year in which it slashed billions of dollars in spending. Commodity prices have fallen but are stil..

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Investors welcome Billabong deal

Investors have cheered a refinancing deal that will keep troubled retailer Billabong solvent, but the company faces a long road back to profitability. Billabong has reached a $US294 million ($A325 ..

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