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Japanese dairy and beverage company Lion has entered the takeover battle for Warrnambool Cheese and Butter Factory, taking a 9.99 per cent stake in the company.Warrnambool's share price surged on Tues..
Reserve Bank governor Glenn Stevens is not concerned about the current surge in housing prices, but has urged borrowers not to over-extend themselves.Recent rises in house prices are a reversal of ear..
ANZ boss Mike Smith has declared the bank is "firing on all cylinders" as strong demand for home loans and growth in its Asian business lifted it to a record $6.5 billion profit.The bank's cash profit..
US stocks have ended a quiet day essentially flat ahead of a two-day US Federal Reserve policy meeting that concludes on Wednesday.The Dow Jones Industrial Average slipped 1.35 points (0.01 per cent) ..
The Australian sharemarket has closed at a five year high as the major banks lifted ahead of the release of NAB and ANZ results. CommSec analyst Steven Daghlian said the one per cent gain was the n..
Shares in Perth-based minerals explorer Greenland Minerals and Energy have spiked after Greenland's parliament voted to remove a 25-year-old ban on uranium mining. Greenland Minerals shares rose 5...
What to make of Australia's coal industry machinations, such as Rio Tinto opening a new coal mine and selling an old one in 10 days? Less than five years years ago, coal was Australia's biggest exp..
A Queensland-grown cafe empire is expanding its presence in the Middle East with The Coffee Club planning to open 100 new stores in the Persian Gulf within the next decade. The group has signed a l..
The head of Australia's largest regional lender says current banking regulations have left it "having to fight with one hand tied behind our back" compared to the big four banks. Bendigo and Adelai..
The Australian sharemarket is trading at its highest level for the year, led by the major banks. Lonsec senior client adviser Michael Heffernan said the Australian market was looking very strong. ..
Rio Tinto has agreed to sell its majority stake in its Clermont coal mine, in central Queensland for more than $1 billion. The mining giant will sell its 50.1 per cent stake in the Clermont mine to..
Treasury Wine Estates (TWE) may be sued by shareholders over writedowns on excess stock in the United States.Litigation funder IMF and Maurice Blackburn lawyers announced the funding of the class acti..
A solid performance from its expanded health clubs division has helped boost first quarter revenue and earnings for Ardent Leisure Group.The leisure and entertainment provider, which operates health c..
US stocks have risen, with the S&P 500 striking a new record on strong corporate earnings and expectations of continued loose monetary policy when the Federal Reserve meets next week. The Dow J..
Australian shares defied falls on other Asian markets to end the week with a gain. A positive mood among investors came after better than expected quarterly earnings from US companies overnight inc..
Two massive Queensland liquefied natural gas (LNG) projects will share pipeline infrastructure and swap gas in a deal expected to save hundreds of millions of dollars. The proponents of the multi-b..
Bank of Queensland chief executive Stuart Grimshaw's pay grew by 60 per cent to $2.9 million as the bank returned to profitability. Mr Grimshaw's base salary, bonuses and post-employment benefits r..
Sleep disorder equipment supplier ResMed's quarterly income is up 14 per cent with encouraging sales of new products.ResMed, which makes products for the diagnosis and treatment of respiratory disorde..
Australian shares are firmer as better than expected earnings from US companies boosts investor sentiment. Ford, 3M and Microsoft were among the companies to post strong quarterly earnings reports ..
Superannuation and insurance firm AMP expects earnings to take a hit of up to $65 million in the final quarter of 2013 due to the poor performance of its wealth protection business.The number of polic..
Whitehaven Coal says it is seeing a recovery in long-depressed prices, after achieving record quarterly output.The NSW coal miner has also started talks with its lenders, led by ANZ, about restructuri..
Construction and maintenance group Transfield Services remains confident of hitting its profit target as it continues to cut costs and reduce debt.Transfield's earnings in the first quarter of the 201..
US stocks have risen amid a mixed bag of earnings reports, as investors punished underperforming companies while bidding the overall market higher.The Dow Jones Industrial Average on Thursday rose 95...
Australian shares have finished higher, driven by strong gains among the big banks. The nation's biggest bank, Commonwealth, surged to a record high as the bank reporting season approaches. IG m..
Clothing group Pacific Brands expects challenging trading conditions to continue, with first half profit likely to be lower than the previous year. Chief executive John Pollaers said trading at the..
