Latest Finance News



Australian shares hit two-month high

The Australian share market closed at its highest levels in two months due to strong gains in the mining and energy sectors. The S&P/ASX200 index closed above 5,000 points for the first time si..

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AFIC profits up 10%

Australia's largest listed investment company has recorded a 10 per cent rise in profit but says caution is needed in the local stock market. Australian Foundation Investment Company (AFIC) made a ..

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Concerns over Billabong deal

A shareholders' rights group has taken aim at Billabong's planned recapitalisation deal, arguing competing offers for the surfwear icon should be considered. Billabong last week announced it had re..

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