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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..
Transport group Cabcharge has lifted its full year profit 30 per cent and says it is cautiously confident about future earnings growth. Cabcharge's net profit rose to $60 million for the year to Ju..
Stocks to watch on the Australian stock exchange on Thursday, August 23 AGK - AGL ENERGY LTD - down six cents at $15.69 Energy supplier AGL Energy says the implementation of the federal governme..
US stocks have erased early losses to close mixed after a fresh sign that the US Federal Reserve is leaning toward new economic stimulus efforts. The Dow Jones Industrial Average finished down 30.8..
Woodside Petroleum has left the door open to process gas from its Browse project offshore and abandon its controversial plant near Broome. Under an agreement announced on Monday, Royal Dutch Shell,..
Seven West Media will pursue cost cuts to maintain profitability in the face of declining advertising markets affecting its television, newspaper and magazine operations. The media group reported a..
Boral chief executive Ross Batstone said conditions in the Australian housing industry have been at their worst in two decades as wet weather exacerbated a downturn in construction. Boral reported ..
Shares in Pacific Brands have dived by more than five per cent after the troubled clothing maker unveiled a blowout in full-year losses and announced its boss will leave. Pacific Brands on Wednesda..
International blood plasma and vaccine company CSL will focus future investment on a range of specialty products to drive its profits higher and consider another $900 million share buyback. CSL on ..
Ports and rail operator Asciano has predicted earnings growth for all of its business divisions this year, despite the spectre of a waterfront war and sluggish global economy. Asciano on Wednesday ..
Australian economic conditions are expected to stay subdued for the rest of the year, although they will improve slowly. The Westpac-Melbourne Institute Leading Index, which indicates the likely pa..
