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Engineering firm UGL has blamed a slowdown in resources and infrastructure investment for a big downgrade in its profit guidance.The company also says a demerger of its property services business DTZ ..
France has entered a recession as its first quarter gross domestic product fell 0.2 per cent, after a similar contraction in the last quarter of 2012, the official INSEE statistics office said.A reces..
Building products group CSR has put on a brave face after posting a $147 million loss, saying it believes Australia's housing market is recovering.Chief executive Rob Sindel pointed to two sets of str..
Commonwealth Bank of Australia has lifted its third quarter profit by 12 per cent to $1.9 billion.Australia's largest home lender said market conditions remained subdued during the three months to Mar..
BHP Billiton's new chief executive Andrew Mackenzie has outlined plans to slash capital spending by almost a fifth.In his first major address as head of the world's biggest resources company, Mr Macke..
Former prime minister John Howard says the federal budget was more about politically disadvantaging the opposition than the future of the economy.Mr Howard has told a business breakfast in Brisbane th..
US stocks have surged to new all-time closing highs on renewed optimism after a prominent hedge fund manager said the stock rally of 2013 still has more room to go. The Dow Jones Industrial Average..
The Australian market has closed higher after a volatile day of trading due to the impending federal budget. RBS Morgans private client adviser Craig Walker said the local market had been all over ..
New Zealand shares fell on Tuesday as recently listed Mighty River Power continued to dominate trading, dropping to within 1 cent of last week's offering price. P The NZX 50 Index declined 25.78 po..
Mining services provider Macmahon Holdings' shares have shot up by more than 20 per cent after it detailed positive growth in a "changing and challenging environment". Macmahon in an update on Tues..
Mining contractor Barminco has refinanced $US485 million in debt.Barminco said the senior note offering was oversubscribed."The note facility will provide Barminco with a simplified, long-term debt st..
Chrysler is recalling 469,000 older model sport-utility vehicles worldwide to fix an electrical problem that could allow the SUV to unintentionally roll away.The US automaker announced over the weeken..
Owner-occupier home loan approvals have posted the strongest jump in four years. Personal and business financing are also showing signs of growth, following a series of interest rate cuts. But h..
Business management software developer and publisher MYOB's New Zealand subsidiary is to buy accounting service BankLink. MYOB Finance NZ Limited will acquire the unlisted business from Media Trans..
Mineral drilling services and products supplier Boart Longyear has named Jay Clement as its acting chief financial officer. Mr Clement, vice president Treasury and Investor Relations, will step int..
US stocks have traded largely flat under the shadow of poor Chinese economic data and a slight gain in US monthly retail sales. The S&P 500 managed to set a new closing record, but only on the ..
The Australian share market closed flat ahead of Tuesday's federal budget and after the local currency dropped below parity with the US dollar. CMC Markets chief market analyst Ric Spooner resource..
The biggest jump in home loan approvals in four years has all but confirmed the housing sector is recovering after a difficult couple of years. The number of home loans taken out in March jumped by..
Property developer Stockland says its earnings will drop because of the costs associated with changes to improve its long-term performance. Chief executive Mark Steinert said on Monday that he had ..
Defence, security and aerospace company BAE Systems will slash 100 positions by year's end, primarily in South Australia. Chief executive David Allott says the job cuts are due to reduced governmen..
Business confidence has slipped in the month before the federal budget. National Australia Bank's April survey shows employers are particularly worried about weaker than forecast growth in the US, ..
Aurizon's move to sell a stake in its formerly state-owned rail track infrastructure group is expected to attract strong interest and free up billions of dollars.Australia's largest rail freight compa..
Shopping centre owner Westfield Retail Trust (WRT) says consumer confidence is improving, but shoppers are still cautious and sales growth is still low. The company announced that rents for special..
Explosives and fertiliser maker Incitec Pivot has urged Australian governments to deal with soaring local gas prices as it posted a fall in first half profit.As a heavy natural gas user, the global co..
Paint maker DuluxGroup hopes the new homes market will pick up later in the year, but further interest rate cuts could be needed to stimulate the sector.The group expects its core Australian markets t..
