Latest Finance News



Gold sector weighs on share market

The share market has closed lower as gold stocks came under pressure because of a significant fall in the price of the precious metal. A rebound in iron ore-focused stocks on Tuesday offset some of..

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New Hope’s profit falls to $22.7m

New Hope Corporation says it expects coal prices to remain low, as it reports its first half net profit has slumped 67 per cent to $22.7 million. The weaker result was blamed on lower thermal coal ..

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New Hope plans to acquire coal miners

Most Australian coal miners have been struggling for two years but New Hope has $1.1 billion in the bank and plans to capitalise by making acquisitions. The Queensland miner was up for sale itself ..

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Bundle plans boost TPG’s profit

Internet provider TPG Telecom has lifted its half year profit by 15 per cent thanks to solid growth in broadband subscribers. TPG made a net profit of $90.1 million in the six months to January 31,..

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