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Oil refiner Caltex says up to 30 positions will be lost when it closes two plants at its Kurnell refinery in Sydney's south.Caltex said on Thursday it plans to close its propane de-asphalting unit (PD..
Leighton Holdings has confirmed previous full year guidance for net profit of $600 million to $650 million, after the company conducted a forecasting review. The guidance does not include the estim..
AMP reported net cash outflows were $335 million at AMP Financial Services for the quarter to September after the wealth manager lost a major client. AMP said there was a net outflow of $192 millio..
Insurance Australia Group (IAG) says it is on track to deliver on its full year financial guidance after an encouraging performance in the first quarter.Chief executive Mike Wilkins told the insurer's..
Woolworths has reported a "patchy" first quarter sales result, with its supermarkets, liquor and new homeware divisions performing well, while sales declined at Big W. Australia's biggest supermark..
Australian shares rebounded strongly to finish the day in positive territory after initially falling more than one per cent. The consumer price index (CPI) for the September quarter showed that inf..
Specialty retailer Super Retail Group says it has started the current financial year well, despite uncertain conditions in the broader retail sector.Super Retail operates Supercheap Auto outlets, BCF ..
Wagering and gaming firm Tabcorp Holdings expects to pay its $410 million wagering and betting licence fee to the Victorian government shortly.Tabcorp retained its Victorian licence in return for an u..
European steelmaker ArcelorMittal has pulled out of its joint deal to takeover Macarthur Coal with US-based Peabody Energy. The deal will continue but with ArcelorMittal to sell its interest to Pea..
The rate of inflation has slowed but economists are divided on whether there will be an interest rate cut in the coming months. The market is also keenly awaiting to see if European leaders will re..
Woolworths has increased the size of a note issue to $700 million after strong demand.The retailer had previously aimed to raise $500 million through the note issue but said its issue of unsecured, su..
Fortescue Metals Group has borrowed $US1.5 billion ($A1.44 billion), half a billion more than initially intended, to fund the iron ore miner's expansion plans.Fortescue said in a statement on Wednesda..
A roundup of trading on major world markets: NEW YORK - Lower corporate earnings and reports that a key meeting between European financial ministers had been cancelled pulled Wall Street stocks low..
Stocks to watch on the Australian stock exchange on Wednesday October 26:BBG - BILLABONG INTERNATIONAL LTD - up 31 cents at $3.91Surfing brand Billabong International says its strategy of buying retai..
Australian shares reversed their previous strong gains to decline on Tuesday, as investors awaited key domestic inflation data and a meeting of European leaders to resolve the eurozone debt crisis.The..
Oil Search's third quarter revenue has slumped 26.4 per cent from the preceding quarter because of lower oil sales and as the company shut down processing facilities.The company still forecast that oi..
The backlash from the UK phone hacking scandal has resulted in a majority of independent News Corporation shareholders voting against the re-election of James and Lachlan Murdoch to the media giant's ..
Surfing brand Billabong International says its strategy of buying retail outlets will increase the struggling company's margins. Billabong's comments that it is on track for strong earnings growth ..
Irate Foster's shareholders have opened the way for the re-election of non-executive board members, after 42 per cent rejected a $2.65 million incentive for chief executive John Pollaers to stay with ..
The Reserve Bank of Australia (RBA) has again left the door open for cut in interest rates after flagging Wednesday's inflation data as potentially paving the way for such a move. RBA deputy govern..
Stocks to watch on the Australian stock exchange Tuesday, October 25: AIO - ASCIANO LTD - up three cents at $1.51 Ports and rail operator Asciano has no debts due until fiscal 2015 after refinan..
The Australian dollar rose to a six-week high on hopes that European leaders would soon announce plans to contain the region's debt crisis and avert a recession. German Chancellor Angela Merkel tol..
A roundup of trading on major world markets: NEW YORK - US stocks rose Monday on strong earnings from Caterpillar, a spate of merger activity, and signs that Europe is making progress in tackling t..
Australian shares gained about $35 billion in value as buyers and confidence returned, amid hopes of a comprehensive fiscal stability plan for Europe that also led to a rally on offshore markets.The b..
Shares in ResMed slumped 13 per cent after the medical equipment maker said currency exchange movements led to an 11 per cent fall in its first quarter net profit.Resmed said its net profit for the th..
