Latest Finance News



AV Jennings optimistic after $19m loss

Buyers are finally returning to the new housing market after an extended slowdown, leaving property developer AV Jennings cautiously optimistic for 2013. Chief executive Peter Summers says improvem..

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Stocks to watch at close on Wednesday

Stocks to watch on the Australian stock exchange at close on Wednesday: AGK - AGL ENERGY LTD - up 68 cents at $15.87 AGL Energy's acquisition of a major Victorian power plant has contributed to ..

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Prime hoping for ad boost from election

The federal election campaign should breathe new life into a challenging television advertising market, regional broadcaster Prime Media Group says. While current conditions were difficult, with we..

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PMP maintains guidance despite H1 loss

Printing and distribution business PMP will continue to sell off assets in 2013 as it tries to recoup money lost from changes to the media landscape.The company on Wednesday posted a net loss of $24 m..

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Macmahon to post loss before new future

Mining services company Macmahon Holdings will post a loss of up to $20 million this financial year because of its troubled construction business.But the sale of the construction operations, approved ..

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Slater & Gordon eyes Aussie invasion

It set up shop in the UK barely a year ago and, already, law firm Slater & Gordon is planning an Aussie invasion.The 78-year-old Melbourne company says it intends to expand aggressively into the Briti..

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Australian shares open higher

The Australian share market has opened higher. At 1023 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 37.2 points, or 0.74 per cent, at 5040.8, while the broader All Ordinaries index ..

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Mining slowdown changes UGL business

By Kim Christian PERTH, Feb 27 AAP - Belt tightening in the mining industry has prompted engineering firm UGL to change its business model and downgrade profit targets after a fall in first half pr..

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Consumer confidence jump sends US higher

US stocks have closed decisively higher following strong reports on consumer confidence and the housing market.The Dow Jones Industrial Average rose 115.96 (0.84 per cent) to 13,900.13 on Tuesday.The ..

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