Latest Finance News



Consumers prefer services to goods: RBA

The struggles of retailers across the country have come as consumers switch their spending away from goods to services and so-called "experiences", a central bank official says.Reserve Bank of Austral..

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Alesco sees no improvement

Building products distributor Alesco Corporation says trading conditions in the Australian housing and construction markets have not improved since August when it said that it expected lower profits i..

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Kathmandu’s profit soars

Kathmandu Holdings has quadrupled annual profit as sales shot up through the year.The outdoor clothing retailer faced none of the previous year's cost of floating on the stock exchange.Net profit was ..

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Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange on Wednesday:JHX - JAMES HARDIE INDUSTRIES SE - down 14 cents at $5.57The tax office has appealed to the High Court after the Full Federal Court found ..

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