Latest Finance News



Aussie stocks close stronger

The Australian share market closed higher on Wednesday, boosted by encouraging economic data from Japan and South Korea and slightly stronger retail sales data in Australia. The S&P/ASX200 inde..

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WorleyParsons disapoints

Analysts are expected to downgrade full year forecasts for WorleyParsons after the engineering company's first half result missed expectations. WorleyParsons on Wednesday delivered an 18 per cent r..

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Seven Group shares soar

Seven Group Holdings shares were stronger at noon after the diversified investments company forecast buoyant full year earnings. Seven Group chief executive Peter Gammell on Wednesday flagged the c..

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Harvey Norman shares fall

Shares in consumer goods retailer Harvey Norman fell more than six per cent after the company reported worse than expected sales in an uncertain retail environment. Harvey Norman said net profit af..

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Macquarie Atlas posts loss

Global toll road owner Macquarie Atlas Roads has posted another full-year loss, but says it expects to pay dividends to its shareholders in 2013. The company has interests in six toll roads in the ..

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Dow closes above 13,000

The Dow Jones industrial average on Tuesday finally reclaimed the ground it held before the carnage of the Great Recession - bailouts bank failures layoffs by the million and a stock market panic that..

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Aussie stocks close flat

The Australian share market closed flat after a directionless trading session in the absence of firm leads from offshore markets. The benchmark S&P/ASX200 index was down 4.7 points, or 0.11 per..

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QBE’s profit plunges 45%

QBE Insurance Group's annual net profit plunged 45 per cent during what it described as one of the worst years for catastrophic events. QBE on Tuesday reported a statutory net profit of $US704 mill..

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Leighton wins large contract

Leighton Holdings subsidiary Habtoor Leighton Group has been awarded a $A480 million property redevelopment contract in Dubai in the Middle East. The contract forms part of the $A3 billion Jewel of..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange early on Tuesday: BPT - BEACH ENERGY LTD - down 9.5 cents at $1.67 Oil and gas producer Beach Energy has returned to first half profitability des..

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Aussie stocks close weaker

The Australian share market closed lower on Monday, partly pulled back by market giant BHP Billiton, which paid its interim dividend; the big banks, three of which had a ratings downgrade on Friday; a..

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Aussie dollar falls vs. euro

The Australian dollar has fallen more than a quarter of a US cent as demand rises for European currencies. At 1700 AEDT the Australian dollar was trading at 106.89, down from 107.17 on Friday. E..

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Telstra releases NBN pricing

Telstra Corporation will start selling internet plans to be delivered over the national broadband network (NBN) from Tuesday. The move comes after the nation's largest telco signed a wholesale serv..

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Gunns’s losses worsening

Woodchipper Gunns says the future value of the company relies upon the completion of its controversial $2.5 billion pulp mill at Bell Bay in Tasmania. Gunns on Monday posted a $173.3 million loss f..

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SFG eyes more M&A deals

Wealth manager SFG Australia Ltd is ready for more transformational mergers and acquisitions after its friendly merger with Shadforth Financial Group helped boost interim profit by 84 per cent. For..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange early on Monday: AGK - AGL ENERGY LTD - down 67 cents at $13.67 MELBOURNE, Feb 24 AAP - AGL Energy says it is confident of getting regulatory app..

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