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ANZ Bank has hinted at further interest rate rises, despite its stronger than expected $1.48 billion first quarter profit. Chief executive Mike Smith said the bank's margins would "continue to be s..
Surfwear retailer Billabong International has left the door open for takeover offers as it starts shedding 400 jobs, closing stores and offloading a chunk of its accessories business. Billabong sha..
Santos Ltd says its Crown gas prospect in Western Australia could turn out to be a large discovery and may be fed into major liquefied natural gas (LNG) projects in the area. The liquids-rich prosp..
Stocks to watch on the Australian stock exchange early on Friday: AAD - ARDENT LEISURE GROUP - up two cents at $1.075 Theme park operator Ardent Leisure has reported a statutory profit of $19.2 ..
Investors sent US stocks barrelling to their highest levels of the year Thursday, buoyed by slivers of encouraging news about jobs and housing. At least for a day, they overlooked the lack of clarity ..
The Australian share market was dragged lower by renewed concerns that Greece is heading towards default and a weak lead from Wall Street while lower commodity prices weighed on mining stocks. The ..
AMP chief executive Craig Dunn is adamant the wealth manager is on track for growth despite suffering an 11 per cent slump in full year profit. AMP on Thursday reported a fall in net profit to $688..
Investors have given the tick of approval to Qantas Airways' plans to reduce costs through staff cuts and deferring aircraft orders, sending the stock up to a near three-month high. While unions an..
Pallet supplier Brambles has downgraded its earnings expectations despite overcoming a tough trading period with a rise in first half profit. Brambles on Thursday reported a nine per cent rise in n..
The Queensland floods have not dampened the profit projections of grain handlers GrainCorp, which is on track to enjoy more record earnings this financial year. GrainCorp on Thursday announced full..
Westpac has painted a bleak outlook for the economy after posting a weaker than expected $1.5 billion quarterly profit. Chief executive Gail Kelly said Europe's debt problems continued to raise the..
Unemployment has fallen to its lowest level in six months but the outlook for the labour market remains bleak as many companies cut their workforce. The unemployment rate fell to 5.1 per cent in Ja..
Billabong shares have been placed in a trading halt amid reports it received a $A776 million takeover bid from US private equity giant TPG. Billabong issued a statement on Thursday announcing the t..
Stocks to watch on the Australian stock exchange early on Thursday: AIO - ASCIANO LTD - steady at $4.59 Asciano chief executive John Mullen is recovering in hospital after undergoing surgery for..
US stocks ended in the red Wednesday amid renewed concerns that Greece was veering toward default after a debt bailout hit fresh turbulence. The Dow Jones Industrial Average fell 97.33 points (0.76..
Australia's biggest mortgage lender has posted a record first half profit result just days after inflicting more pain on home loan customers. The Commonwealth Bank of Australia (CBA) on Wednesday r..
The Australian stock market closed slightly higher on Wednesday, with financial sector stocks dragging it across the line in a late rally. The benchmark S&P/ASX200 index closed up 10.6 points, ..
Fortescue Metals Group has maintained its full year production target despite a weather-related dip in the third quarter and remains optimistic about its ambitious plans for a sixfold increase in iron..
Shopping centre giant Westfield is upbeat about the future of retail sales in Australia despite overriding consumer caution and economic uncertainty abroad. Westfield chief executive Steven Lowy sa..
Sales of new motor vehicles in Australia rose 1.3 per cent in January, official data showed. The Australian Bureau of Statistics (ABS) said on Wednesday new vehicle sales rose to 85,624 units in Ja..
Domino's Pizza has booked a 23 per cent rise in first-half profits and has lifted its expectations for earnings growth in 2012. The Australian pizza maker on Wednesday announced a $12.6 million hal..
St George Bank has lifted its standard variable home loan rate by more than the big four banks, saying it is important for the economy that it remains strong. St George will lift its standard varia..
The Australian market looks set to open lower after further doubt were raised regarding Greece's bailout package and its ability to avoid default, and Moody's ratings cut on six European nations due t..
Miner Western Areas says it is looking forward to a continued rebound in nickel prices and will not be curbing its operations or expansion plans despite a decline in profit. Lower nickel prices and..
Wagering and gaming firm Tabcorp Holdings is returning to the bond market to raise about $200 million to help pay off existing debt. Tabcorp on Tuesday said it will issue new subordinated notes to ..
