Latest Finance News



Sharemarket hits six year high

A week of daily gains has taken the sharemarket to its highest level in nearly six years. A positive lead from Wall Street and a continuation of positive reaction to local earnings reports helped t..

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APN shares jump more than 30%

APN News & Media shares have jumped more than 30 per cent after trading resumed following a $112 million capital raising to take full control of its radio businesses. The dual listed stock surg..

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Jobs safe as Shell sells assets

The new owner of Shell's downstream assets in Australia has guaranteed no jobs will be slashed under a $2.9 billion buy-out of its petrol stations and Geelong refinery. Shell confirmed on Friday it..

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Crown complains about high-roller tax

Casinos operator Crown Resorts says tax rates on high-roller play at its Melbourne casino are making the facility uncompetitive with other casinos in Australia and Asia. Crown Resorts chief executi..

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Santos set to increase dividends

Oil and gas producer Santos has flagged higher dividends as it prepares to boost production. Santos expects to double its earnings and operating cash flow over the next two years as the Papua New G..

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IAG impacted by a rise in claims

Insurance Australia Group has lifted its first half profit almost by 40 per cent despite a decline in its margins due to higher than expected claims. The owner of brands such as NRMA and CGU incurr..

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US stocks rally despite weak data

US stocks have rallied, as investors shrugged off some disappointing US economic data that was largely chalked up to severe winter weather. The Dow Jones Industrial Average gained 92.67 points (0.5..

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NAB still facing troubles in the UK

National Australia Bank has grown its quarterly cash profit to $1.55 billion, but warns it could face more costs in its troubled UK businesses. Improved earnings in the UK operations was marred by ..

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