Latest Finance News



Ivanhoe’s Merlin costs rise

Ivanhoe Australia's Merlin project is poised to be the nation's first rhenium mine but will cost more to develop than previously estimated. The copper and gold producer also on Monday said it would..

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Cedar says profit on track

Property developer Cedar Woods says it's on track to post a record full year profit and that its outlook remains positive. Managing director Paul Sadleir on Monday reiterated the company's net prof..

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M2 buys Primus Telecom

Primus Telecom has been bought by business telco M2 Telecommunications for $192.4 million in cash. M2 chief executive Geoff Horth said the acquisition would ensure the company is prepared for oppor..

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Growth fears hit US stocks

US stocks have closed out a miserable week with steep losses as worries about growth in the United States, China and Europe eclipsed a solid start to the corporate earnings season. All three main s..

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Aussie stocks close up 1%

The Australian share market ended the week on a high, gaining one per cent on the back of a strong lead from Wall Street and higher commodity prices. The benchmark S&P/ASX200 index was up 42.7 ..

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IAG expands in Malaysia

Insurance Australia Group (IAG) continues to grow in Asia, with a $480 million acquisition making its Malaysian joint venture that country's largest general insurer. AmG Insurance Berhad, which is ..

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Bega Cheese seals Coles deal

Bega Cheese will supply Coles-branded cheese to the supermarket giant under a five-year deal. The cheesemaker said on Friday it had finalised its previously announced private label cheese supply ag..

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Gunns to sell Portland port

Woodchipper Gunns is selling its export woodchip terminal at the Port of Portland in western Victoria as it focuses on progressing its $2.5 billion pulp mill project at Bell Bay in Tasmania. "There..

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Centro looking for investors

Shopping centre owner Centro Retail Australia is looking for investors to take co-ownership in some of its centres. Centro Retail was established in late 2011 after a restructure of the debt-laden ..

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Aussie shares close higher

The Australian share market has closed higher after gains on overseas markets and stronger than expected job figures domestically. At 1615 AEST, the benchmark S&P/ASX200 index had risen 34.4 po..

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Bonds lower on jobs data

Australian bond futures prices have fallen after stronger than expected domestic employment data lowered expectations the central bank would deliver a string of interest rate cuts in the coming months..

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Aston sued by former boss

The former head of billionaire Nathan Tinkler's Aston Resources has begun a $157 million legal case against the company. Hamish Collins claims he is entitled an `equity participation' worth $157.44..

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Ten shares hit by profit fall

Ten Network Holdings is forecasting a more stable advertising market as it pins its hopes on a suite of new shows to secure more eyeballs and improve earnings. Presenting his first set of financial..

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Iluka’s revenue falls by 13%

Minerals sands miner Iluka's production and revenue fell in the first quarter of 2012. The company said previously advised changes to its mining operations, such as a shutdown for maintenance and a..

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Flinders enters trading halt

Shares in Flinders Mines have been placed in a trading halt pending the outcome of court action aimed at preventing the iron ore explorer's $554 million takeover by a Russian steel maker. Flinders ..

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