Latest Finance News



Australian stocks close lower

The Australian share market has closed lower but pared back earlier heavy falls. There were losses among the miners and big banks as investors took profits after recent gains. The benchmark S&am..

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QBE to cut hundreds of jobs worldwide

QBE Insurance will cut hundreds of staff as it streamlines its global operations, but insists there will be no mass redundancies. Six months after taking over as chief executive, John Neal on Tuesd..

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Australian shares weaker at noon

The Australian sharemarket is weaker at noon as uncertainty about the Italian election result helped weigh down a soft market. At 1200 AEDT on Tuesday, the benchmark S&P/ASX200 index was down 3..

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Becton holding companies in receivership

Troubled retirement village developer Becton Property Group has had some of its holding companies placed in receivership.Mark Korda and Janna Robertson were appointed receivers and managers of Becton ..

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Flight Centre first half profit soars

Travellers beware - bargain airline tickets could be about to dry up.The head of travel agency Flight Centre believes airline tickets have hit an all-time low and are about to start climbing.But while..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, February 26 BPT - BEACH ENERGY LTD - up 7.5 cents at $1.37 Shares in Beach Energy have gained almost six per cent after Chevron Austr..

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Ten shares up after CEO sacking

Investors' hopes of a turnaround at the Ten Network have been boosted amid speculation about a possible News Corporation takeover of the struggling broadcaster. Analysts believe that closer ties co..

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Domestic seat flood hits Virgin profit

Virgin Australia's first half profit more than halved as a flood of extra seats forced down airfares. Heavy discounting in the battle for passengers with rival Qantas Airways also prevented the air..

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QBE to raise premiums

QBE Insurance says Australian premiums will continue to rise in 2013 as it deals with major catastrophe costs from its north American business.QBE has also flagged major changes to its business to sav..

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