Latest Finance News



AMP improves its quarterly cash flows

Wealth manager AMP has increased its cash flows in the third quarter of calendar 2012 due to growth in self-managed superannuation funds. AMP said it had a net cashflow of $605 million in the three..

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Macquarie lifts profit on cost cutting

Job cuts and lower costs helped investment firm Macquarie Group overcome subdued financial markets to increase its first half profit. Macquarie met expectations with a net profit of $361 million in..

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Billabong is hip, its grey leaders say

Struggling surfwear brand Billabong is a bit like the Australian Greens - it appeals to the youth market, but its leaders are mature-aged. Slides of teenage swimwear models holding surfboards and s..

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Stocks to watch early on Friday

Stocks to watch on the Australian stock exchange on Friday October 26 ANZ - ANZ BANKING GROUP LTD - down 22 cents at $25.38 Small and medium businesses are in for more economic pain, which could..

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