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Jetset Travelworld's full year profit has fallen by 72 per cent because of costs related to a restructure that resulted in 110 job cuts. The travel group recently overhauled its loss-making Travel ..
Caltex Australia has played down the strong turnaround for its refining business that it plans to partially close, after the company posted a big rise in profits. Net profit on a replacement cost b..
Transport and logistics group Toll Holdings says resolving problems in its business in Japan and its marine shipping operations in Asia are its current priority. Toll on Monday booked a 77 per cent..
Investors are sceptical about whether a reduced takeover offer for Africa-focused iron ore hopeful Sundance Resources by China's Hanlong Mining will get over the line. As iron ore prices have tumbl..
Troubled surfwear retailer Billabong will shut stores, cut product lines and expand its online presence as it works to recover from a $275.6 million loss. The result to June 30, 2012 was a huge dro..
The corporate watchdog will appeal a $10,000 fine recently handed to the former chief financial officer of AWB, seeking a harsher penalty. Paul Ingleby was fined and banned from managing a corporat..
Atlas Iron has posted a $114.6 million loss due mainly to costs associated with its sale of some mines and takeover of another resources company. The Western Australia-based iron ore miner's result..
The mining boom - or at least investment in it - will peak in 2014 but the non-resources sector will then drive growth, a report has found. People would probably overreact with pessimism at the tho..
US stocks have rebounded from morning losses to end solidly higher boosted by new hints at stimulus from the Federal Reserve and more reports on the European Central Bank's possible bond buying. Th..
The Australian stockmarket closed lower on Friday, also finishing down for the week and ending a run of five weeks of gains. At the close on Friday, the benchmark S&P/ASX200 index was down 34.7..
Automotive Holdings Group (AHG) says it will be on the look out for more acquisitions in the current year after reporting a hefty jump in full year net profit. The car dealer and logistics group sa..
Australia's biggest cheese maker says demand from Asia will be a big driver for earnings this year and it's confident of overcoming a volatile global dairy market. Bega Cheese said its domestic per..
ANZ chief executive Mike Smith has raised $4.6 million through the sale of shares to meet an income tax bill and reduce his debt. Mr Smith paid $6.24 million to obtain 440,000 ANZ shares that were ..
Woolworths shares have fallen after it posted a 15 per cent fall in full year profit because of its exit from the Dick Smith electronics chain. The retail giant's net profit in the year to June 24 ..
Nathan Tinkler may sell down his major shareholding in Whitehaven Coal after dropping his $5.2 billion takeover bid amid rumours he is in financial strife. The 36-year-old mining entrepreneur and e..
BHP Billiton's decision to shelve two high profile projects has not changed the central bank's upbeat view about the economic outlook. Reserve Bank of Australia (RBA) governor Glenn Stevens told a ..
Fairfax Media shares have plunged to record lows after the company's biggest shareholder, mining magnate Gina Rinehart, tried to sell a chunk of her shares. Fairfax shares plunged 11 per cent to 45..
Woolworths has posted a 14.5 per cent fall in annual net profit as a result of its restructure of the Dick Smith electronics chain and says group sales at the start of the new financial year are stead..
Australian stocks closed firmer as strong gains among mining and gold stocks pushed the broader market higher. At 1615 AEST on Thursday, the benchmark S&P/ASX200 index was up 7.7 points, or 0.1..
Qantas Airways will cancel $US8.5 billion ($A8.12 billion) in aircraft orders to cut costs after the struggling airline notched up its first full year loss since privatisation. Qantas on Thursday b..
Origin Energy has warned that growth in its net profit will halt this year as it battles the Queensland government over electricity prices and weakening energy demand. The flat forecast from managi..
Drive-through cafes and standalone stores are just some of the ideas Retail Food Group will be serving up as it gets creative in dealing with a difficult retail environment. The company behind bran..
A $100-million strong annual development pipeline and more acquisitions are expected to continue driving growth for Ramsay Health Care. The private hospital group reported a 23 per cent increase in..
David Jones will reduce its exposure to the underperforming home and electrical product categories as the upmarket retailer works "furiously" to counter a continual sales slump. The department stor..
Australia's third largest iron ore producer, Fortescue Metals Group, has increased full year net profit by 53 per cent to a record $US1.56 billion ($A1.49 billion). The result comes despite falls i..
