Latest Finance News



Shares post third week of gains

The share market has closed higher as the big miners rebounded from recent falls and ANZ's record profit helped the banks. That capped another week of gains for local shares, the third straight wee..

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Shares hit seven week high

The share market has maintained its solid start to trading, driven partly by ANZ's strong profit growth. Lonsec senior client adviser Michael Heffernan said the fact the market's main indices had p..

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US economy clocks solid growth in Q3

The US economy grew at a faster-than-expected 3.5 per cent pace in the third quarter helped by stronger exports and defence spending, suggesting enough momentum to do without Federal Reserve stimulus...

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Banks and insurers lead market higher

The share market has closed higher as the big banks resumed their strong run, despite a fall in profit for National Australia Bank. The US Federal Reserve's decision to end its quantitative easing ..

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Shares extend gains in morning trade

The share market has extended its early gains due to well-received earnings and sales updates from some of the country's largest companies. Despite a fall in its annual profit, the performance of N..

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Home sales flat in September

New home sales were flat in September, weighed down by a 2.3 per cent fall in the sale of detached houses. However sales of apartments and semi detached houses rose 11 per cent in the month, and we..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, Oct 30: AAD - ARDENT LEISURE - up 3.00 cents, or 0.88 per cent, at $3.44 Theme parks and family entertainment centres operator Arden..

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Banks weigh down share market

The share market is weaker as investors cautiously wait for the big banks to deliver their full-year results. The major banks weighed down the market on Wednesday ahead of National Australia Bank u..

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Shares close flat

The Australian share market has closed slightly lower, with gains by the big miners offset by falls by the big banks. At the close on Wednesday, the benchmark S&P/ASX200 index was 4.9 points, o..

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Medibank will come out swinging: nib

Health insurer nib expects rival Medibank Private to become a much tougher competitor following its public float. Chief executive of nib Mark Fitzgibbon said Medibank's performance had lagged behin..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Oct 29: AHF - AUSTRALIAN DAIRY FARMS GROUP - up two cents, or 10 per cent, at 22 cents The first milk producer to list on the Austr..

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Shares close slightly lower

The share market improved from a poor start but still closed marginally lower, due to weakness in sectors exposed to commodities. Lonsec senior client adviser Michael Heffernan said some investors ..

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Aussie shares close lower

The Australian share market has closed lower, weighed down by falls in BHP Billiton shares and despite an afternoon pick-up. At the close on Tuesday, the benchmark S&P/ASX200 index was 6.4 poin..

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Challenger flags healthy life annuities

Investment manager Challenger says its business may benefit from the share market's current volatility. A large part of the company's business is annuities - which provide fixed income for retirees..

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Consumer confidence hits 12-week high

Australians are becoming more upbeat about the economy as worries about the federal budget fade and the sharemarket rallies. The ANZ/Roy Morgan consumer confidence index rose 2.7 per cent last week..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, Oct 28: AMM - AMCOM - up 23 cents, or 12.4 per cent, at $2.09 VOC - VOCUS COMMUNICATIONS - up 13 cents, or 2.45 per cent, at $5.44 ..

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US stocks inch higher as Amazon slumps

US stocks have edged up in opening trade as strong earnings from UPS and others offset disappointing results from Amazon. Five minutes into trade, the Dow Jones Industrial Average stood at 16,687.4..

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Shares lower amid global growth worries

The Australian share market has finished slightly lower as global growth worries kept buyers at bay after a seven day winning streak. Disappointing US inflation figures contributed to a weaker fini..

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