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Construction and maintenance group Transfield Services will continue to axe jobs, cut costs and sell assets, after reporting a $250 million annual loss.Transfield cut 359 jobs in the 2012/13 financial..
Retail giant Woolworths expects consumer confidence to remain weak for the next 12 months as Australians deal with cost of living pressures and a flat job market.But it hopes the end of the federal el..
Australia's second largest energy retailer AGL has raised the prospect of buying a NSW government-owned coal fired power station.The comments surprised analysts, given the current weakness in wholesal..
US stocks have plunged as the country moves closer to punitive military action against Syria for its alleged use of chemical weapons in a devastating attack on civilians.Warnings stepped up from the U..
The Australian share market has closed slightly higher as the United States builds its case for a military response to the Syrian situation.At the close on Tuesday, the benchmark S&P/ASX200 index was ..
Builder Watpac has made another annual loss as it overhauls its business to address the dwindling mining boom, but expects improvement in the current financial year.Watpac made a loss of $4.7 million ..
WesTrac owner Seven Group expects its earnings to fall by more than a third in the year ahead as a downturn in the mining sector causes a slump in machinery sales.The industrials and media group's glo..
Fashion retailer Noni B's sales in the new financial year have been hit by nervous shoppers amid economic uncertainty ahead of the federal election.Noni B on Tuesday reported a $3.5 million loss in th..
A court challenge by environmentalists has forced Whitehaven Coal to again delay planned first sales from a new coal mine, as lower prices forced the company into the red.Chief executive Paul Flynn in..
Beach Energy says it will boost spending and production this year after achieving a better than expected full year profit and lifting dividends.Net profit of $153.7 million in the 2012/13 financial ye..
Troubled surfwear company Billabong has made a net loss of $860 million with major writedowns and a drop in revenue. The 2012/13 result was affected by $867 million in significant items, including ..
The Australian share market has opened lower after the United States' condemnation of chemical weapon attacks in Syria triggered sharp falls on Wall Street. After opening on Tuesday, the All Ordina..
Troubled retailer Billabong says it needs to decide on a funding lifeline as soon as possible after falling to a $860 million full year loss.A huge writedown on the value of its brands and weaker sale..
Flight Centre is overhauling its shops, staff and services in a bid to keep up its run of record profits.Stronger sales and improved margins helped boost the travel agency group's 2012/2013 profit by ..
US stocks have closed sharply lower after Secretary of State John Kerry warned that the US will demand "accountability" after an "obscene" chemical weapons attack on Syrian civilians. The Dow Jones..
Australian shares finished higher as investors bought banking stocks in the absence of local drivers. RBS Morgans client adviser Alistair McCorquodale said the local market was in a holding pattern..
The owner of the Primus and Dodo telco businesses has increased its full year profit by 33 per cent and expects further growth in the year ahead. M2 Telecommunications made a net profit of $43.8 mi..
Specialty Fashion Group has returned to profit but has given a cautious outlook because consumer confidence remains weak. The company, whose brands include Millers, Katies, Crossroads, Autograph an..
Electricity network investor Spark Infrastructure's half year profit has fallen but it expects to pay its shareholders higher distributions in the coming two years. The company, which owns interest..
The Australian share market has opened higher after Wall Street made solid gains on Friday. "It's really been a bit of a positive lift from the fact that the US dollar retreated on Friday," IG mark..
The world's largest drilling company Boart Longyear is bracing for another tough year as mining companies continue to slash their exploration budgets.The company made a loss of $US329 million ($A366.1..
Health insurer nib's yearly profit has taken a hit as Australians claim more for hospital stays, day surgery and dental work.But the company says a likely change in government could provide a boost to..
Caltex remains committed to reducing its oil refinery operations despite better margins and a falling dollar throwing the move's economics into question.Australia's largest transport fuel supplier sai..
US stocks have scored solid gains with the market getting a jolt from Microsoft's announcement that chief executive Steve Ballmer will retire within the next 12 months. The computing giant's shares..
Australian shares have outperformed Wall Street as the first positive Chinese manufacturing data in four months boosted the big banks and miners. RBS Morgans senior private client adviser Bill Chat..
