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The Australian share market has reached a fresh four and a half year high, buoyed by improved investor sentiment towards the Italian election outcome. At the close on Thursday, the benchmark S&..
Mining giant Rio Tinto has appointed the former boss of toll road owner Transurban, Chris Lynch, as its new chief financial officer.Mr Lynch will replace Guy Elliot on April 18.Rio said Mr Lynch will ..
Vita Group first half net profit has almost tripled as it benefitted from Telstra's strong performance in the mobile market. Vita operates 96 Telstra-branded stores, as well as a number of Fone Zon..
Gerry Harvey is banking on a little divine intervention to keep cashed-up shoppers flooding into his stores.The co-founder and chairman of Harvey Norman is confident the heavens above will deliver, as..
The Australian share market has opened almost one per cent higher. At 1010 AEDT on Thursday, the benchmark S&P/ASX200 index was up 48.7 points, or 0.97 per cent, at 5,085.3, while the broader A..
Woolworths has no plans to surrender in its price war with its rival Coles, but denies it will hurt suppliers in the process.Woolworths lifted its first half profit by 19.4 per cent and despite food, ..
The new private equity owners of 30 aged care homes across Australia say there will be no change to the level of care provided to residents.Construction and development firm Lend Lease has sold its ag..
Rising share markets and continued cost cutting have delivered a 19 per cent rise in wealth manager Perpetual's half year profit.The company has cut about 450 staff and reduced pay and bonuses since t..
Strong reports on the US housing market and durable goods orders propelled stocks higher on Wednesday, with the much-watched Dow index reaching its highest level in more than five years.The Dow Jones ..
The Australian share market finished higher following a strong lead from Wall Street and encouraging earnings reports locally. At the close on Wednesday, the benchmark S&P/ASX200 index was 33 p..
Buyers are finally returning to the new housing market after an extended slowdown, leaving property developer AV Jennings cautiously optimistic for 2013. Chief executive Peter Summers says improvem..
Stocks to watch on the Australian stock exchange at close on Wednesday: AGK - AGL ENERGY LTD - up 68 cents at $15.87 AGL Energy's acquisition of a major Victorian power plant has contributed to ..
The federal election campaign should breathe new life into a challenging television advertising market, regional broadcaster Prime Media Group says. While current conditions were difficult, with we..
Printing and distribution business PMP will continue to sell off assets in 2013 as it tries to recoup money lost from changes to the media landscape.The company on Wednesday posted a net loss of $24 m..
Mining services company Macmahon Holdings will post a loss of up to $20 million this financial year because of its troubled construction business.But the sale of the construction operations, approved ..
It set up shop in the UK barely a year ago and, already, law firm Slater & Gordon is planning an Aussie invasion.The 78-year-old Melbourne company says it intends to expand aggressively into the Briti..
The Australian share market has opened higher. At 1023 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 37.2 points, or 0.74 per cent, at 5040.8, while the broader All Ordinaries index ..
By Kim Christian PERTH, Feb 27 AAP - Belt tightening in the mining industry has prompted engineering firm UGL to change its business model and downgrade profit targets after a fall in first half pr..
US stocks have closed decisively higher following strong reports on consumer confidence and the housing market.The Dow Jones Industrial Average rose 115.96 (0.84 per cent) to 13,900.13 on Tuesday.The ..
Becton Property Group says it's business as usual despite some of its holding companies collapsing with debts of $250 million. Receivers were appointed to the listed Becton Property Group Ltd and t..
The Australian share market has closed lower but pared back earlier heavy falls. There were losses among the miners and big banks as investors took profits after recent gains. The benchmark S&am..
QBE Insurance will cut hundreds of staff as it streamlines its global operations, but insists there will be no mass redundancies. Six months after taking over as chief executive, John Neal on Tuesd..
The Australian sharemarket is weaker at noon as uncertainty about the Italian election result helped weigh down a soft market. At 1200 AEDT on Tuesday, the benchmark S&P/ASX200 index was down 3..
Troubled retirement village developer Becton Property Group has had some of its holding companies placed in receivership.Mark Korda and Janna Robertson were appointed receivers and managers of Becton ..
Travellers beware - bargain airline tickets could be about to dry up.The head of travel agency Flight Centre believes airline tickets have hit an all-time low and are about to start climbing.But while..
