Latest Finance News



BT Investment’s profit falls

A "wall of cash" is expected to pour back into investment markets once investor confidence improves, a leading fund manager says. Global concerns in particular had caused a drop in market activity,..

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Home values on the mend

The decline in Australian residential property values appears to be waning, according to a private sector study. Capital city homes posted their best relative performance in seven months, the RP Da..

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TD inflation gauge eases

Consumer prices eased in October, with rises associated with travel and home ownership offset by falling fruit and vegetable, and rent costs.The TD Securities-Melbourne Institute inflation gauge rose ..

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New Chi-X exchange opens

Stockbrokers will have an alternative market for trading Australian shares for the first time on Monday when Australian Stock Exchange rival Chi-X opens for business. Chi-X, a subsidiary of Chi-X G..

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US stock markets close flat

A roundup of trading on major world markets: NEW YORK - US stocks closed narrowly mixed, taking a pause a day after a blockbuster rally as investors digested Europe's eurozone debt deal and company..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday October 31FXJ - FAIRFAX MEDIA LTD - up 5.5 cents at 96 centsFairfax Media says it will hold onto its metropolitan radio assets due to a lack ..

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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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Tatts says business is solid

Gambling firm Tatts Group says it has had a good start to the financial year, with higher sales in lotteries.But sales growth is expected to slow as a result of smaller jackpots."The good start to the..

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NAB posts record profit

National Australia Bank (NAB) posted a record annual cash profit of $5.5 billion and warned its funding costs will rise until 2014. Strong growth in deposits and home lending helped Australia's fou..

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