Latest Finance News



Brambles delays Recall sale

Brambles says the potential sale of its data management business is taking longer than expected. The company had planned to sell the Recall business by March 31, allowing it to focus completely on ..

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Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange today: BPT - BEACH ENERGY LTD - steady at $1.575 Oil and gas producer Beach Energy has announced a $345 million capital raising to fund future ex..

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Aussie stocks close stronger

The Australian share market closed higher on Tuesday with gains across most sectors after strong leads from the United States. At the close on Tuesday, the benchmark S&P/ASX200 index was up 38...

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Rates hit Stockland earnings

Home builder Stockland has cut its full year earnings guidance and blamed high interest rates and wet weather for the slowing of property sales. Securities in the property developer fell four per c..

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Nufarm predicts profit rise

Agricultural chemicals supplier Nufarm says some markets in Europe could pose a business risk, but the performance of other regions would enable it to increase its full year operating profit. Nufar..

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Charter Hall boosts portfolio

Property owner Charter Hall Group has paid $61.5 million for a 50 per cent stake in a Perth distribution centre leased by grocery wholesaler Metcash. Charter Hall bought the interest in the Metcash..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange early on Tuesday: AQA - AQUILA RESOURCES LTD - down four cents at $4.94 Aquila Resources has placed its shares in a trading halt pending an annou..

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Aquila, Vale resolve brawl

A legal brawl between mining giant Vale and Australia's Aquila Resources has been halted so they can start selling coal again. The miners' Isaac Plains Coal Mine had been subject to a stoush in whi..

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Aussie stocks close trade flat

The Australian stock market closed flat after offshore bourses failed to inspire investors with a strong lead. Key indices were in the green towards market close but finished lower after a sell-off..

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CFS plans share buyback

CFS Retail Property Trust has sold a 50 per cent stake in Myer's Brisbane shopping centre to a fellow property investment trust for $366 million. Property investor ISPT bough the half share in the ..

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Leighton Asia names boss

Leighton Holdings has appointed an internal candidate to head its largest international subsidiary. Ian Edwards will be managing director of Leighton Asia, India and Offshore, which employs more th..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange early on Monday: AGK - AGL ENERGY LTD - up 24 cents at $14.83 AGL Energy has bought the right to develop the Silverton wind farm in the far west ..

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Gunns might raise $400m

Woodchipper Gunns Ltd may seek to raise about $400 million to cut debt and support the development of its $2.5 billion pulp mill project, in what one analyst describes as its "last throw of the dice"...

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QR cuts earnings forecasts

Private rail operator QR National, previously owned by the state government, has downgraded its forecasts for full year earnings, one day before the Queensland election. QR's shares fell sharply af..

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