Latest Finance News



Gerard Lighting shares soar 26%

The Gerard Lighting Group has endorsed a $186 million takeover offer from Lighting Group Australia, sending shares soaring more than 26 per cent. Shares in Gerard closed 21.5 cents, or 26.71 per ce..

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New chief executive for MHM Metals

The former CEO of Coogee Chemicals Pty Ltd Phil Thick has been appointed managing director and chief executive of diversified resources company MHM Metals. MHM Metals will shift its business focus ..

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BHP Billiton hit by negative outlook

BHP Billiton is expected to face a challenging few months as risk-averse investors abandon the stock despite positive production numbers. Shares in the world's biggest resources company hit near th..

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NAB’s UK banks in rate swap review

National Australia Bank's (NAB) two British lenders are under review by the UK financial watchdog as part of its probe into the alleged mis-selling of interest rate hedging products. NAB said its C..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, July 18: BHP - BHP BILLITON LTD - up two cents at $30.79 Production and sales at BHP Billiton's key iron ore division are expected ..

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US stocks extend gains

US stocks climbed for a second straight day on Wednesday amid upbeat earnings reports and after a Federal Reserve report said the economy continued to grow, at least at a modest pace. The Dow Jones..

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ClearView rejects $220m takeover bid

ClearView Wealth Management's board has unanimously rejected a $220 million unsolicited takeover bid from CCP Bid Co, branding the bid inadequate and opportunistic. CCP, a subsidiary of private equ..

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Shares up at noon

The Australian shares have risen three-quarters of one per cent after resource stocks had a positive turnaround from a sluggish opening. At 1201 on Tuesday, the benchmark S&P/ASX200 index was u..

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Stocks to watch early on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, July 17 AAC - AUSTRALIAN AGRICULTURAL COMPANY - up 1.5 cents at $1.13 Beef producer Australian Agricultural Company (AACo) has reache..

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Rio hits record iron ore numbers

Rio Tinto has achieved record first half iron ore production in a result it hopes will offset plunging commodity prices. First half iron ore production of 120 million tonnes (94mt attributable to R..

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Canada approves Viterra acquisition

The Canadian government has approved commodities trader Glencore International's $6 billion takeover of dual-listed agribusiness Viterra Inc but the transaction still requires the approval of the Chin..

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Seven West to raise $440m to pay debts

Seven West Media has renewed its faith in its print media assets and expects an eventual turnaround in the moribund advertising market as it taps shareholders for $440 million. Seven on Monday conf..

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