Latest Finance News



Aussie shares hit high on BHP forecasts

Australian shares have reached a fresh five and a half year high as the world's biggest miner BHP Billiton drove market gains. Bell Direct equities analyst Julia Lee said BHP's upgraded full year f..

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Rio to cut jobs as it outsources to IBM

Mining giant Rio Tinto is likely to axe hundreds of back office jobs after signing an outsourcing deal with US technology company IBM. Rio has signed a $100 million, 10 year deal with IBM that will..

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Profit continues to fall for Blackmores

Health products maker Blackmores' profit fell by 31 per cent in the first quarter of the financial year due to falling sales in Australia.The company's local sales in the three months to September 30 ..

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DJs likely to look overseas for new CEO

Department store David Jones could take up to six months to find a new boss, and is likely to look overseas, analysts say.Chief executive Paul Zahra unexpectedly quit on Monday, citing personal reason..

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Oil Search produces more but earns less

Oil Search lifted production during the September quarter but sold less oil and gas.Production in the three months to the end of September was up 10 per cent from the preceding quarter to 1.78 million..

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BHP beats forecasts, lifts ore guidance

BHP Billiton's shares leapt up after a record-breaking production report that has investors eyeing a strong profit and better capital returns.The global mining giant upgraded full year iron ore produc..

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US stocks end flat after recent gains

US stocks have ended little changed as investors took a breather after last week's hefty gains. At the closing bell on Monday, the Dow Jones Industrial Average fell 9.64 points (0.06 per cent) to 1..

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DJs boss says quitting was personal

Paul Zahra has cited personal reasons for stepping down as chief executive of high-end department store chain David Jones. The announcement that he would leave the company was made on Monday after ..

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