Latest Finance News



Market rally comes to an end

Australian shares fell flat on the last day of trade in the financial year as cautious investors sold mining and insurance stocks. Australia's share market gained 17 per cent over the past year, bu..

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SunRice profits rise as drought eases

Australia's biggest rice company has announced a 5.5 per cent profit increase as drought conditions ease. SunRice's net profit in the year to April 30 rose to $35.8 million, up from $33.9 million. ..

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WesTrac cuts 350 jobs

Heavy machinery dealer WesTrac is cutting 350 jobs as part of a restructure.The company provides Caterpillar machinery such as bulldozers and trucks to miners and builders.It is a division of Seven Gr..

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Kingsgate shares slump on $300m charge

Kingsgate Consolidated shares have slumped after the gold miner announced job cuts and a $300 million impairment charge caused by weak gold prices.Kingsgate said it would reduce staff as it undertakes..

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Caltex profit drop hits shares

Caltex shares have hit six month lows after the oil refiner and distributor blamed the falling dollar and a pipeline outage for a predicted cut to first half profit.Caltex has forecast a net profit of..

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US stocks open lower after 3-day rally

US stocks fell in opening trade on Friday after a three-day rally, with shares of Blackberry leading the way as the struggling phone maker reported a surprise quarterly loss.Five minutes into trade, t..

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