Latest Finance News



Macquarie cuts guidance

Macquarie Group has downgraded its 2012 profit forecast after subdued market activity led to reduced income and a 24 per cent fall in first half profit.But the investment bank's shares rose on Friday ..

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Fairfax to keep metro radio

Fairfax Media says it will hold onto its metropolitan radio assets due to a lack of acceptable takeover offers. Fairfax said in May it would consider selling its metropolitan and regional radio ass..

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Santos to sell Evans Shoal

Santos has agreed to sell its entire working interest in the Evans Shoal gas field in the Bonaparte Basin offshore northern Australia for up to $US350 million ($A327 million).Santos said it would sell..

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US, European stocks rally

A roundup of trading on major world markets: NEW YORK - US stocks closed sharply higher Thursday after European leaders reached a deal to resolve the eurozone crisis and new US growth data damped d..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange Friday October 28AGK - AGL ENERGY LTD - up 14 cents at $14.57Energy distributor AGL Energy has told shareholders it expects its underlying profit to gr..

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