Latest Finance News



Hastings says gas demand is softer

Domestic demand for gas has softened but long-term demand prospects are good, says takeover target and energy infrastructure investor Hastings Diversified Utilities Fund (HDF). HDF owns several pri..

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Colebatch retires from IAG board

Insurance Australia Group has begun a search for a new board member after Phillip Colebatch announced his retirement. Mr Colebatch, who has a background in insurance and investment banking, will st..

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Harvey Norman profit plunges by 32%

Beleaguered consumer goods retailer Harvey Norman hopes to claw back market share, as tough trading conditions are expected to force many of its competitors to close. Harvey Norman chairman Gerry H..

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Private sector credit up 0.2% in July

Total credit provided to the private sector by banks and other lenders rose by 0.2 per cent in July after a rise of 0.3 per cent in June and an increase of 0.5 per cent in May. It was the slowest m..

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Job cuts to continue at Perpetual

Fund manager Perpetual will cut more jobs next year as it continues with a major restructure that contributed to a 57 per cent drop in its full year profit. The company on Thursday announced a $68 ..

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Newcrest resolves dispute in PNG

Operations have resumed at Newcrest's flagship gold mine in Papua New Guinea (PNG) after a dispute with local land owners was resolved. Australia's biggest gold miner said normal operations had res..

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