Latest Finance News



Rio appoints Chris Lynch as new CFO

Mining giant Rio Tinto has appointed the former boss of toll road owner Transurban, Chris Lynch, as its new chief financial officer.Mr Lynch will replace Guy Elliot on April 18.Rio said Mr Lynch will ..

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Vita reports 189pct lift in net profit

Vita Group first half net profit has almost tripled as it benefitted from Telstra's strong performance in the mobile market. Vita operates 96 Telstra-branded stores, as well as a number of Fone Zon..

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Harvey Norman looks to heavens above

Gerry Harvey is banking on a little divine intervention to keep cashed-up shoppers flooding into his stores.The co-founder and chairman of Harvey Norman is confident the heavens above will deliver, as..

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Woolworths says price war not over

Woolworths has no plans to surrender in its price war with its rival Coles, but denies it will hurt suppliers in the process.Woolworths lifted its first half profit by 19.4 per cent and despite food, ..

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Lend Lease sells aged care homes

The new private equity owners of 30 aged care homes across Australia say there will be no change to the level of care provided to residents.Construction and development firm Lend Lease has sold its ag..

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Slimmed down Perpetual lifts profit

Rising share markets and continued cost cutting have delivered a 19 per cent rise in wealth manager Perpetual's half year profit.The company has cut about 450 staff and reduced pay and bonuses since t..

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