Latest Finance News



Wine maker says cheap drop sales down

Demand for high quality wine has helped keep Australian Vintage's full year profit steady despite a slump in sales of casks and bulk wine. The owner of brands ranging from McGuigan to Passion Pop m..

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Crown looks forward to Macau growth

Casinos operator Crown expects its interests in the Asian gambling hub of Macau to grow into a major contributor to profit alongside its Australian venues.Crown chief executive Rowen Craigie says the ..

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US stocks gain despite Nasdaq halt

US stocks have managed solid gains despite a three-hour shutdown of the Nasdaq market that disrupted trade on other exchanges as well. Nasdaq blamed technical problems in its computers for the shut..

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Australian shares close lower

Australian shares fell as local investors followed offshore leads and sold riskier stocks, including those in resources companies. The bourse is down 1.6 per cent in the last week, with market watc..

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Big screens reel in profit for Village

More people are going to the movies, boosting Village Roadshow's profit by more than 50 per cent. The film distributor and amusement park operator made a net profit of $50.9 million in the year to ..

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Toll says slowdown makes forecasts hard

The slowdown in the mining sector and the uncertain business environment make it difficult to predict earnings for the year ahead, says transport and logistics firm Toll Holdings."It is too early to b..

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Fortescue to start paying back debt

Fortescue Metals Group has turned the corner, notching up a 12 per cent increase in annual profit as it prepares to make its first major debt repayment.The heavily indebted iron ore miner has grown an..

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Atlas shares slump 10% on rail worries

Atlas Iron boss Ken Brinsden has dismissed takeover fears as the stock fell more than 10 per cent due to scepticism over the company's expansion plans.Atlas has written down $458.1 million in asset va..

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China and EU data boost US stocks

Positive figures from China and Europe have sent US stocks higher on opening, a day after the Fed left anxious markets confused over its plans to reduce its stimulus program.Ten minutes into trade on ..

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Banks lift share market

The Australian share market is higher as strong gains among the major banks offset falls by several major resources companies. IG Markets institutional dealer Chris Weston said there was no real ex..

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Seek defies rising unemployment

Jobs website Seek has made a record profit but its chief executive warns its business will go backwards unless the economy improves. A weakening job market is bad news for the company, as the numbe..

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Super Retail Group profits up

Super Retail Group has grown its full year profit by 23 per cent as discerning shoppers tweak their budgets so they can afford to keep up their hobbies. The auto, sports and leisure retailer lifted..

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NBN speeds up iiNet profit, growth

Australia's second-largest internet provider iiNet is proving there's nothing wrong with being number two, after posting a 64 per cent rise in profit.The company made a net profit of $60.9 million in ..

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Iluka learns but profit well down

Iluka Resources' chief says he has learnt from the violent swings in the mineral sands market and does not want a repeat of them or the $31.1 million in restructuring costs incurred this year.A year a..

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US stocks fall ahead of Fed minutes

US stocks have opened lower after a series of mixed retail earnings reports ahead of the afternoon release of minutes from the last Federal Reserve monetary policy meeting.Five minutes into trade on T..

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