Latest Finance News



Shares sold off to end financial year

Last minute share sales to lock in the profits of a strong financial year have caused the market to fall. The year's best performing stocks - banks, Telstra and healthcare providers - were the hard..

Full Article >

Dick Smith defies retail sector slump

Australians appear to be skimping on the jackets but spending on gadgets.Electronics retailer Dick Smith says its sales have grown in recent months, in stark contrast to several other major retailers ..

Full Article >

Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, June 30: AHY - ASALEO CARE - steady at $1.65 Toilet paper and tissue company Asaleo has had a positive debut on the share market, give..

Full Article >

International markets roundup

A roundup of trading on major world markets: NEW YORK - US stocks have finished a quiet day of trade higher as strong earnings from Nike helped offset a profit warning from DuPont. The Dow Jones..

Full Article >

Shares end week with a fall

The share market has ended the week with a fall as investor caution resulted in muted trade. The weakness on the local market followed a negative performance in Japan and the release of poor spendi..

Full Article >

Aust shares close lower

The Australian share market has closed lower, with the banks, miners and consumer staples all suffering losses. At the close on Friday, the benchmark S&P/ASX200 index was 19.2 points, or 0.35 p..

Full Article >

Stocks to watch at close on Friday

Stocks to watch on the Australian stock exchange at the close on Friday:ATP - ATLAS PEARLS - up 0.5 cents, or 6.3 per cent, at 8.5 centsSouth Sea pearl farmer Atlas has sold $2.5 million worth of the ..

Full Article >

Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, June 27: AGK - AGL ENERGY - up 43 cents, or 2.8 per cent, a $15.61 The competition tribunal has backed energy giant AGL's bid to buy t..

Full Article >

Retailers lead strong gains on market

A strong performance by the share market has more than recovered losses suffered in the previous two days, with retailers and banks among the best performers. "The bulls are back in town, lifting s..

Full Article >

Aust shares close higher

The Australian share market has closed higher, with the big miners, banks and food retailers recovering from losses earlier in the week. At the close on Thursday, the benchmark S&P/ASX200 index..

Full Article >

Iluka pursuing possible takeover

Mineral sands miner Iluka has approached the operator of a titanium mine in Mozambique about a possible takeover. Iluka has confirmed it has approached Kenmare Resources about a potential combinati..

Full Article >

Job vacancies up 2.1% in May

The number of jobs on offer for those looking for work has risen, new figures show. There were 146,000 job vacancies in May, up 2.1 per cent from the number on offer in February. The latest quar..

Full Article >

AOFM sells $500m of Treasury notes

The Australian government has sold $500 million of Treasury notes that mature on October 24, 2014. The Australian Office of Financial Management (AOFM), which conducts bond auctions on behalf of th..

Full Article >

Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, June 26: ALL - ARISTOCRAT LEISURE - down 14 cents, or 2.6 per cent, at $5.33 Poker machine maker Aristocrat Leisure is in takeover t..

Full Article >

Global unrest weighs on share market

The share market has fallen, with weakness in most sectors, as investors remain cautious due to conflict in Iraq and Ukraine. Uninspiring local jobs data and Chinese consumer confidence figures als..

Full Article >

Jobs outlook grows bleaker

If economic growth is so strong, why is the number of job vacancies falling? It's not because there's anything wrong with the figures. Economic growth is indeed above average, or at least it was..

Full Article >

Major restructure for Penfolds maker

The company behind Penfolds is making major changes to its global business as takeover speculation continues to swirl around the wine maker.Treasury Wine Estates plans to ramp up promotions, cut costs..

Full Article >

Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, June 25: BHP - BHP BILLITON - up one cent, or 0.03 per cent, at $36.46 The world's largest miner, BHP Billiton, has cut 500 Austral..

Full Article >

Australian bonds bouncing back

The Australian bond market is bouncing back after its fall on Monday on the back of strong Chinese manufacturing figures. Westpac senior market strategist Damien McColough said the Australian bond ..

Full Article >

Aussie shares down on negative leads

The share market is lower on falling risk appetite and as another retailer downgrades its profit forecasts. Disappointing manufacturing data out of Europe and concerns that US markets have been ove..

Full Article >