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The Australian share market closed higher after gains across most sectors despite low volumes of trading. At close on Wednesday, the benchmark S&P/ASX200 index was up 31.3 points, or 0.7 per ce..
National Australia Bank has forecast a challenging year ahead after ongoing troubles in Britain caused its first drop in profit since the global financial crisis (GFC). Almost $1 billion in costs f..
In a sign that consumer sentiment may be picking up, Country Road has had a 13.5 per cent increase in comparable sales across Australasia for the first four months of fiscal 2013. Chairman Ian Moir..
Telstra says its half-owned subsidiary Foxtel is free to sell telephone and broadband services alongside pay TV if it helps the business build subscriber numbers. Telstra chief executive David Thod..
JB Hi-Fi says trading conditions remain challenging but it remains confident that it can grow market share during fiscal 2013. Chief executive Terry Smart told the electronics and entertainment ret..
Consolidated Media shareholders have voted overwhelmingly to sell the company's stake in Foxtel to News Limited. More than 99 per cent of shareholders voted in favour of the proposal at a meeting i..
National Australia Bank (NAB) boss Cameron Clyne says rate cuts don't always stimulate economic activity, and not because the banks have failed to pass on cuts in full. After delivering a 22 per ce..
WTI oil prices has risen slightly as traders assessed the impact of superstorm Sandy on crude demand in the United States. In the US, there was only electronic trading as markets were shut down ahe..
Leighton Holdings has posted a net profit of $317 million for the nine months ended 30 September and has reconfirmed its underlying net profit guidance for its full calendar year. The result compar..
Stocks to watch on the Australian stock exchange on Wednesday, October 31 BHP - BHP BILLITON LTD - up 14 cents at $33.97 BHP Billiton expects its Queensland coking coal production capacity to gr..
Homeowners are using rate cuts to pay off their mortgage faster rather than reduce their home loan burden, Commonwealth Bank (CBA) chief executive Ian Narev said on Tuesday. As attention focuses on..
The Australian market finished slightly higher as the closure of Wall Street due to superstorm Sandy led to subdued local trading. At close on Tuesday, the benchmark S&P/ASX200 index was 8.8 po..
Nib is on track to lift its underwriting profits this financial year and remains confident changes to the private health insurance rebate will not have a major impact on the industry. Chief executi..
A joint review by Australia's central bank and other financial regulators has recommended tighter rules for trading of over-the-counter (OTC) derivatives. OTC derivatives, contracts traded between ..
Casino operator Crown wants to make Perth a major gateway for mass-market Chinese gamblers following the success of casino hotspot Singapore. Crown chairman James Packer said Perth's proximity to A..
BHP Billiton expects its Queensland coking coal production capacity to grow by 50 per cent by the end of 2014. The global miner said production capacity in Queensland would reach 66 million tonnes ..
Travel agent Flight Centre says that despite the soft global economy, it plans to expand its number of outlets worldwide and hire more staff. Flight Centre also said on Tuesday that trading in the ..
Virgin Australia has made a $98.7 million takeover offer for regional carrier Skywest. The news came among a slew of announcements by Virgin on Tuesday, including that it had bought a 60 per cent s..
Stocks to watch on the Australian stock exchange on Tuesday, October 30 AAD - ARDENT LEISURE GROUP - up 1.5 cents at $1.375 Ardent Leisure holds its annual general meeting on Tuesday. It said..
US stock markets are closed as Hurricane Sandy nears landfall on the heavily populated east coast and parts of New York City's financial district were evacuated. The markets are likely to remain cl..
The Australian share market closed a touch higher as investors sold off shares ahead of some major annual general meetings this week. At the close on Monday, the benchmark S&P/ASX200 index was ..
Theme park owner Ardent Leisure says visitor numbers have risen at its Gold Coast venues because of better weather, helping it to post higher earnings. Ardent Leisure's theme parks - Dreamworld, Wh..
Vodafone will axe 500 jobs as the telco attempts to revive its ailing Australian business. During the last few years in Australia, Vodafone has haemorrhaged customers as the telco experienced ongoi..
Agribusiness and automotive interiors supplier Elders wants to sell its biggest business unit, its rural services business, before someone tries to take it over. Elders said on Monday that it would..
PanAust says it's on track to meet full year production guidance of 64,000 tonnes of copper and 135,000 ounces of gold due to expanded processing. The copper and gold producer, which has operations..
