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Property and construction giant Lend Lease is upbeat about its outlook, despite a 16 per cent slide in its half year profit. Weakness in the company's Australian and European construction businesse..
The Abbott government's repeal of the carbon tax and a bump in energy prices is set to benefit AGL Energy more than its utility rivals. Australia's second largest energy retailer posted weaker firs..
Australian Westfield shopping centres have proved highly resilient, with near record low vacancy rates and growing rents despite retail conditions continuing to be challenging. Shopping centre owne..
Wall Street stocks have fallen following weak US economic data and a mixed outlook from JPMorgan Chase on some of its key business units. The Dow Jones Industrial Average dropped 27.48 points (0.17..
The sharemarket's run of seven straight days of gains is over, as a weaker iron ore price weighed on the resources sector. The market opened with gains and hit its highest level since mid-2008 duri..
Qantas will announce massive job cuts on Thursday, possibly in the thousands, despite federal government assistance looking increasingly likely. The national carrier warned on Tuesday it would stil..
Australia's largest private hospitals operator, Ramsay Health Care, is looking forward to more expansion overseas, particularly in Asia. The company also has lifted its full-year guidance, after a ..
The sharemarket is higher for an eighth consecutive day despite losing some of its early gains. Gains on Wall Street overnight helped local stocks open higher, but as morning trade continued the ma..
Taxi payments company Cabcharge says improved economic conditions and the growing popularity of "tap-and-go" card technology has contributed to an eight per cent rise in its half year profit. The c..
Atlas Iron is confident that the iron ore price will trade around $US120 per tonne over the next half as Chinese demand continues to hold up. The Pilbara-focused iron ore producer has swung back to..
QBE boss John Neal says it will take some time to turn around the insurance giant from its first full year loss since the September 11 attacks in the US. QBE suffered a net loss of $US254 million (..
US stocks have finished higher as a February rally accelerates amid continued strength of some high-flying technology equities. The broad-market S&P 500 rose 11.36 points (0.62 per cent) to 1,8..
The sharemarket has closed flat after a slower increase in property prices in China generated anxiety about the strength of the Chinese economy. The market had been doing reasonably well in early t..
Shares in Beach Energy have jumped after higher oil prices and sales helped the producer more than triple its half year profit. The company, which operates out of the Cooper Basin in South Australi..
The Australian stock market is on track for a seventh consecutive day of gains, despite the negative impact of several high profile companies trading ex-dividend. The market had defied a mixed lead..
Caltex Australia is counting on the impending closure of its Sydney refinery to reduce volatility in its earnings, after annual profit fell by 28 per cent. The company plans to shut the Kurnell pla..
Asset management firm Transfield Services has won a $1.2 billion contract to provide garrison and welfare services over a 20-month period at Australia's offshore refugee processing centres on Nauru, a..
Investors have punished Boart Longyear shares after the company made a heavy loss and said would review its operations after having slashed almost 3,500 jobs in the past year. The world's largest d..
Health insurer nib has grown its half year profit by nine per cent, as it attracts more policy holders and increases premium revenue. The company made a net profit of $39.7 million in the six month..
BlueScope Steel has achieved a half year profit for the first time in five years, but its Australian operations continue to lose money. BlueScope turned last year's first half loss of $24 million i..
US stocks have finished with modest declines as investors shrugged off a drop in sale of existing homes as weather-related. The Dow Jones Industrial Average fell 29.93 points (0.19 per cent) on Fri..
A week of daily gains has taken the sharemarket to its highest level in nearly six years. A positive lead from Wall Street and a continuation of positive reaction to local earnings reports helped t..
APN News & Media shares have jumped more than 30 per cent after trading resumed following a $112 million capital raising to take full control of its radio businesses. The dual listed stock surg..
The new owner of Shell's downstream assets in Australia has guaranteed no jobs will be slashed under a $2.9 billion buy-out of its petrol stations and Geelong refinery. Shell confirmed on Friday it..
The Australian sharemarket has maintained its early rally to hit a near six-year high. The All Ordinaries index was around 0.6 per cent up by early afternoon, putting it at its highest level since ..
