Latest Finance News



Disappointing earnings weigh on market

The share market is flat as disappointing earnings from National Australia Bank and gold miner Newcrest offset gains in the retail and energy sectors. "Corporate results have dominated the early mo..

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Stocks to watch on Monday

Stocks of interest on the Australian Securities Exchange on Monday ANZ - AUSTRALIA & NEW ZEALAND BANKING GROUP - down 35 cents, or 1.07 per cent, at $32.39 ANZ made a cash profit of $5.2 bil..

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GE in talks to sell appliance division

General Electric has confirmed it is considering the sale of its historic appliance division, part of its effort to focus on selling more complex and profitable industrial equipment. The confirmati..

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Coca-Cola buys $US2b stake in Monster

Coca-Cola has announced it will pay $US2.15 billion ($A2.33 billion) for a 16.7 per cent stake in Monster Beverage, cementing a distribution-based link between the two that had added significantly to ..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, Aug 15: AQZ - ALLIANCE AVIATION - up seven cents, or 5.5 per cent, at $1.35 Regional airline Alliance Airlines is confident of returni..

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ANZ on track for record $7b profit

ANZ has made a $5.2 billion profit in just nine months, but investors are disappointed with the bank's revenue growth. ANZ's cash profit grew by eight per cent in the nine months to June 30, puttin..

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US stocks march higher

US stocks have advanced, extending the prior day's gains after jobless claims increased but overall the data continued to suggest an improving labour market. The Dow Jones Industrial Average added ..

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Aussie stocks higher at close

The Australian share market has closed higher thanks to strong profit performances by local companies, including market heavyweight Telstra. The gains came after Tokyo stocks closed 0.66 per cent h..

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Aussie stocks higher at noon

The Australian market is higher across most sectors as investors react to a flurry of positive company results. The gains come after a strong finish on Wall Street where the Dow Jones overcame disa..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, Aug 14: BOQ - BANK OF QUEENSLAND - down 23 cents, or 1.9 per cent, at $11.98 The unexpected resignation of Bank of Queensland chief ..

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Wednesday’s key earnings reports

CBA'S RECORD PROFIT FAILS TO IMPRESS INVESTORS * Commonwealth Bank full year profit up 12 pct to $8.7b, shares down 0.9 pct to $80.96 * CSL full year profit up eight pct to $US1.31b, shares up 2..

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Banks and miners send shares lower

The stock market has closed lower after a mixed day of earnings reports, highlighted by a negative reaction to Commonwealth Bank's record profit. Earnings reports from many companies, including bio..

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Aussie shares close lower

The Australian share market has closed lower, despite a record profit by market heavyweight the Commonwealth Bank of Australia. At the close on Wednesday, the benchmark S&P/ASX200 index was 15...

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Australian market lower at noon

The Australian market has fallen as it digests a flurry of company results. The drop follows Wall Street and European market declines after data showed that investor sentiment in Germany had fallen..

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CBA makes record $8.68b profit

Commonwealth Bank has posted a record $8.68 billion full year cash profit, with gains across each of its core divisions. Australia's largest bank lifted its cash profit 12 per cent for the year to ..

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Tuesday’s key earnings reports

DOMINO'S PIZZA PROFIT SENDS SHARES TO RECORD HIGH * Domino's Pizza full year profit up 48 pct to $42.3m, shares up 13.5 pct to $23.39 * Wotif.com full year profit down 15 pct to $43.2m, shares u..

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Consumer confidence slides again

Consumer confidence has slumped amid concerns over global tensions, lower share prices and higher unemployment. The weekly ANZ-Roy Morgan consumer confidence index fell sharply, moving to 108.5, in..

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Business confidence hits one year high

Business confidence is at its highest level in almost a year, but it is uncertain whether the improvement will last. NAB chief economist Alan Oster said a bounce in consumer confidence after its po..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, Aug 12: BCI - BC IRON - down 32 cents, or 9.7 per cent, at $2.99 IOH - IRON ORE HOLDINGS - up 37.5 cents, or 39.5 per cent, at $1.325..

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Share market closes higher

The Australian share market has closed higher, snapping a six-session losing streak. IG market analyst Stan Shamu said despite the gains, equities were still at risk of being sold into strength in ..

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Share market breaks run of losses

The share market is higher for the first time in more than a week, after gains on Wall Street helped boost investor confidence. The market is around half a per cent higher, ending a six-session los..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, Aug 11: CBA - COMMONWEALTH BANK OF AUSTRALIA - down $1.22, or 1.5 per cent, at $80.13 Commonwealth Bank is refreshing its senior execu..

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