Latest Finance News



Stocks to watch at noon on Tuesday

Stocks to watch on the Australian stock exchange at noon on Tuesday: TEN - TEN NETWORK HOLDINGS - up one cent, or 3.4 per cent, at 30.5 cents Ten has posted a $243.3 million first half loss, its..

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Michael Hill sales rise

Michael Hill International, the jewellery chain that bears its founder's name, said sales in the first nine months of the year rose 8.8 per cent on revenue gains in its biggest markets of Australia an..

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Ten posts $243 million first half loss

Ten Network Holdings has posted a $243.3 million first half loss, its results dragged down by one-off redundancy, termination and impairment costs. The network's loss was hit by $304 million in cos..

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Australian stocks close higher

Australian stocks finished mildly higher as investors took their cues from Japan, amid renewed interest in local mining stocks. The Tokyo market surged by as much as 3.5 per cent during their tradi..

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Russell Caplan to chair Orica

Chemical firm Orica says former oil and gas head Russell Caplan has been elected company chairman to take over from Peter Duncan next year. Mr Caplan is a director of Aurizon, chairman of the Melbo..

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New Target chief appointed

Wesfarmers has parachuted in the head of operations at its Coles supermarkets chain, Stuart Machin, to run discount department store Target following the shock resignation of Dene Rogers. Mr Rogers..

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Australian stocks trading flat

Australian stocks were flat at noon, propped up by investors looking to buy following last week's falls. There is negative sentiment about the global economy following the release of weak US employ..

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Boart Longyear CFO to leave

Boart Longyear's chief financial officer Joseph Raglan has agreed to leave the drilling company. The company said in a statement that it was a mutual decision and that Mr Raglan would remain at Boa..

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Australian market preview

The Australian market looks set to open lower after weak US employment figures late last week. At 0649 AEST on Friday, the June share price index futures contract was five points lower at 4,890, wi..

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Poor economic data send US stocks lower

After a meteoric climb in the first quarter, US equity markets finally began to come back down to earth this week. The question now is whether this week's retreat is the start of a more dramatic pullb..

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Stocks to watch at close on Friday

Stocks to watch on the Australian stock exchange at close on Friday: AMP - AMP - steady at $5.10 ANZ - ANZ - down 28 cents at $27.75 CBA - COMMONWEALTH BANK - down $1.17 at $66.93 WBC - WE..

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All about super and the latest changes

Superannuation is a low-tax way of saving for retirement. Which explains why successive treasurers have continually tinkered with the rules, trying to encourage retirement savings without giving up..

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Australian share market closes lower

The Australian share market has closed lower as investors struggle to maintain the confidence that marked the earlier months of this year. OptionsXpress market analyst Ben Le Brun said that althoug..

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Mirvac finance director to leave group

Property developer Mirvac says its finance director Greg Dyer will stand down after only eight months in the job. Mr Dyer will vacate the position immediately as the board looks for a replacement. ..

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Sundance concluding Hanlong talks

Sundance Resources says it is concluding talks with suitor Hanlong Mining. The Africa-focused iron ore hopeful released a statement saying it is "concluding and documenting outcomes of its good fai..

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Australian stocks weaker at noon

The Australian market is lower at noon as investors move in to take profits. CMC Markets chief strategist Ric Spooner said the Australian market was lower as it continued to correct itself after re..

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Australian stocks open flat

The Australian stock market has opened flat, with gains by the two big miners offset by weakness among healthcare companies and major retailers. Macquarie Private Wealth division director Lucinda C..

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Panicked Cypriots queue at banks

Panicked Cypriots have queued outside banks on rumours that a new levy would be imposed on deposits as part of a bailout, but the authorities moved quickly to assure them this was not the case.Cyprus ..

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Australian shares close weaker

The Australian share market finished almost one per cent lower due to weaker offshore leads and lower commodity prices. RBS Morgans director of equities Bill Chatterton said the local market had fo..

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Australian share market trading lower

The Australian share market is trading lower in the wake of weaker offshore markets overnight. But better-than-expected figures on retail spending in Australia may provide some impetus for the loca..

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