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Leighton Holdings recent downgrading of its profit guidance has drawn a humbling apology from its board in front of angry shareholders. During the company's annual general meeting on Tuesday, many ..
The Australian share market continued its second consecutive day of recovery from last week's big drops, driven by overnight offshore leads. At the close on Tuesday, the benchmark S&P/ASX200 in..
Vodafone says annual net profits have dropped almost 13 per cent as eurozone losses offset asset sale gains and strong performances in emerging markets and the US. Vodafone said profit after tax hi..
Woodchipper Gunns expects the sale of its hardwood mill at Heyfield in Victoria to the Hermal Group to be completed after a contract dispute is resolved in court. Gunns said on Tuesday that it had ..
Qantas is splitting its domestic airline business from its loss-making international operations, but says customer benefits such as its popular frequent flyer scheme won't be put at risk. The flyin..
Boral boss Mark Selway has been pushed from his post a month after the building products company issued a surprise profit warning. Mr Selway stood down, effective immediately, on Tuesday after appa..
GrainCorp expects another large national harvest after a bumper crop helped lift first half profit by more than 50 per cent and upgraded its full year profit forecast. The better news pushed up sha..
Stocks to watch on the Australian stock exchange on Tuesday, May 22 CPB - CAMPBELL BROTHERS LTD - down 60 cents at $56.70 Laboratory group Campbell Brothers' expects the booming mining sector an..
The euro has clawed back ground from the US dollar after G8 leaders and the foreign ministers of Germany and France pledged to work hard to keep Greece in the eurozone. While worries remained deep ..
US shares have racked up strong gains with the Nasdaq adding nearly 2.5 per cent helped by an Apple surge, but Facebook shares flipped below their IPO price on their first full day of trading. Jump..
Building products maker James Hardie fears Australia's soft housing market will be a drag on the company's earnings this year. Chief executive Louis Gries says the residential market has contracted..
Australian stocks have closed higher, driven by a gains in resource and finance stocks, as world leaders reaffirmed they wanted beleaguered Greece to remain in the eurozone. The benchmark S&P/A..
Australian bond future prices have fallen from last week's record levels as investors made a tentative move back towards higher risk assets. JP Morgan interest rate strategist Sally Auld said a str..
The Australian dollar has rebounded to finish back above US98 cents after its recent big falls to the lowest levels in six months. At 1700 AEST on Monday, the Australian dollar was trading at 98.36..
Qantas Airways has flagged more job losses may be on cards after confirming it would cut 500 maintenance positions. Qantas chief executive Alan Joyce said the decision to stop heavy maintenance at ..
Laboratory group Campbell Brothers' expects the booming mining sector and recent acquisitions to fuel profit growth after another record earnings result. The company on Monday posted a 68 per cent ..
Orica is shrugging off doubts about iron ore demand by pressing ahead with the construction of a $US800 million ($A815.87 million) ammonium nitrate plant in Western Australia. Orica, together with ..
Elders says the outlook for agriculture is positive, after a large tax win helped the agribusiness and automotive interiors supplier return to profitability. Elders on Monday reported a net profit ..
A roundup of trading on major world markets: NEW YORK - It's going to take more than Facebook's initial public offering to push the stock market higher. Facebook shares rose 23 US cents above th..
Retail spending rose for the ninth straight month in April, but it is unclear whether the outlook is favourable. The Commonwealth Bank (CBA) Business Sales Indicator (BSI) rose by 0.5 per cent in t..
Credit markets are already closing as the euro zone debt crisis continues, ANZ chief executive Mike Smith says. "This is what happens in this sort of situation," Mr Smith told a Trans Tasman Busine..
More than $120 billion has been wiped off the share market in May, with shareholders braced for more turbulence as Europe tries to sort out its debt crisis. Australian shares dropped to their lowes..
A dearth of customers and heavy discounting are expected to have kept Myer's sales in the doldrums. However, the market will be looking for signs of a recovery as the department store chain continu..
The Australian dollar has fallen to its lowest level in almost six months as fears of a worsening European debt crisis hit global stock markets. At 1200 AEST on Friday the Australian dollar was tra..
Sleep disorder equipment supplier ResMed will begin paying dividends next financial year. ResMed said on Friday it will pay a quarterly dividend of 17 US cents per share from the first quarter of 2..
