Latest Finance News



Leighton shake-up a long time coming

A major shake-up of the board at construction giant Leighton Holdings has been a long-time coming amid pressure from its major shareholder Hochtief, analysts say. Chairman Stephen Johns and non-exe..

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Stocks to watch at close on Friday

Stocks to watch on the Australian stock exchange at close on Friday: BBG - BILLABONG INTERNATIONAL LTD - up 5.5 cents, or 7.91 per cent, at 75.0 cents Shares in Billabong have leapt by more than..

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Ridley shares tumble on trading update

Animal feed provider Ridley Corporation says problems in the dairy industry, and other factors, are hurting its business. "Ridley advises that a number of external factors are currently having a de..

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Australian share market trading higher

The Australian share market is trading higher at noon, boosted by the big banks. Although the Cyprus bailout saga was casting a shadow over the market, IG Markets market strategist Evan Lucas said ..

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Whitehaven Coal axes 40 jobs

Loss-making Whitehaven Coal is laying off 40 workers in NSW as it cuts costs to deal with lower coal prices. News of the cuts sent the company's shares to a near four-year low, further cheapening N..

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Billabong shares jump almost 8%

Billabong shares have staged a partial recovery after the troubled retailer reassured investors it was still in takeover talks with two potential suitors. Billabong shares plunged more than 20 per ..

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Many reasons Oz pays more for digital

Big music labels, steep freight costs and import taxes are being blamed for the higher prices Australians pay for everything from software to songs. Global technology giants Apple, Microsoft and Ad..

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