Latest Finance News



GPT will not increase offer for CPA

Property group GPT Group will not increase its offer for the Commonwealth Property Office Fund (CPA) nor extend the offer period. GPT's offer of 0.141 GPT securities and 75.32 cents in cash for eac..

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Forge shares punished again

Forge Group's shareholders have been punished after the company announced another profit writedown, bringing the total in less than two months to up to $155 million. The latest problems for the Per..

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Australian market set to open lower

The Australian market looks set to open lower following the lead of Wall Street which has fallen more than three-quarters of a per cent. At 0645 AEDT on Tuesday, the March share price index futures..

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Australian share market closes lower

The Australian share market has closed lower following the release of disappointing US jobs figures. CommSec market analyst Steven Daghlian said it was the sixth session in seven trading sessions t..

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Theiss wins $135m iron ore contract

Leighton subsidiary Thiess has won a $135 million contract from Western Desert Resources to lead the mining operations at the Roper Bar iron ore mine in the Northern Territory. The contract starts ..

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Stocks to watch at noon on Monday

Stocks to watch on the Australian stock exchange at noon on Monday: AIO - ASCIANO - up 1.5 cents, or 0.27 per cent, at $5.635 WHC - WHITEHAVEN COAL - down 4.00 cents, or 2.16 per cent, at $1.815..

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Telstra offloads Sensis for $450m

Telstra has sold off its shrinking directories business Sensis as it builds up a multi-billion-dollar stockpile of cash to fund investment and, possibly, higher returns for shareholders. The telco ..

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Australian market set to open flat

The Australian market looks set to open flat after Wall Street closed mostly higher following a surprisingly weak US jobs report. At 0645 AEDT on Monday, the March share price index futures contrac..

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US stocks open higher

US stocks have opened higher after the much-watched December US employment report showed the economy added less than half the expected number of jobs. Five minutes into trade, the Dow Jones Industr..

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Stocks to watch at close on Friday

Stocks to watch on the Australian stock exchange at close on Friday: AWC - ALCOA - down 2.5 cents, or 2.19 per cent, at $1.115 The news that Alcoa will not ask for any more government help at it..

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New home sales rise 7.5 per cent

Sales of new homes jumped to a two-and-a-half-year high, adding fuel to hopes a recovery is underway in the residential construction sector. New Home sales grew by 7.5 per cent in November, accordi..

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21st Century Fox shares down almost 5%

Institutional investors have started offloading Twenty-First Century Fox shares after the company announced plans to remove its listing from the Australian Securities Exchange (ASX). The dual-liste..

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Saputo lifts Warrnambool Cheese stake

The parties battling for Warrnambool Cheese and Butter (WCB) are still a long way off gaining control of the target, with the offer of one suitor set to expire on Friday evening, and the other suitor ..

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Australian market set to open lower

The Australian market looks set to open lower after US and European markets lost ground overnight. At 0715 AEDT on Friday, the March share price index futures contract was down six points at 5,287...

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