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Spending on new businesses has caused a five per cent fall in half year profit for the owner of Radio Rentals, Thorn Group. Thorn's profit of $13.3 million for the six months to September 30, is do..
Australian shares are weaker as Wall Street volatility hits all local sectors. The miners are suffering the heaviest falls as gold and oil prices fell, Australian Stock Report senior equity analyst..
The Reserve Bank says it could deliver another cash rate cut, as the Australian dollar remains "uncomfortably high".Low interest rates were working to stimulate the economy but the Australian dollar n..
Seven Group is on the hunt for new acquisitions as it sheds more than a 1,000 jobs at its earthmoving company WesTrac.Seven Group chief executive Don Voelte said there were "tremendous opportunities" ..
The Australian dollar is lower in cautious trade ahead of the release of the minutes of the Reserve Bank of Australia's November board meeting. At 0700 AEDT on Tuesday, the local unit was trading a..
The Dow edged higher to a fresh record after topping 16,000 for the first time, while the S&P 500 breached 1,800 but pulled back in late trade.The Dow Jones Industrial Average closed with a meager gai..
Falls by financial stocks have kept the Australian share market in negative territory, despite positive offshore leads. Resources stocks did reasonably well thanks to economic reforms announced in ..
Insurance comparison website iSelect's first AGM as a public company has resulted in a first strike vote against its executive pay. Shareholders were unimpressed that while they have received no di..
Qantas has called on the federal government to examine a "virtual takeover" of Virgin Australia by foreign airlines which it says could distort the domestic aviation market. But Virgin Australia sa..
National Australia Bank boss Cameron Clyne's annual pay has dropped by more than $1 million to $7.76 million. The fall, from $8.78 million in the previous year, was caused by a slightly lower cash ..
Australian engineering firms Leighton and John Holland have been awarded another contract to build part of a Singapore mass transit rail line. The $329 million contract to build a section of the 30..
Engineering group Downer EDI has won a $500 million contract with mining magnate Gina Rinehart's Roy Hill iron ore project. Downer is expecting to employ more than 220 people over four years as it ..
Disappointing US manufacturing data has boosted Australian bond futures contract prices. The drop in October industrial production and November manufacturing data from the Federal Reserve Bank of N..
Agribusiness Elders has fallen to an annual loss of $505 million, but says big costs from its restructure are behind it.The $505 million loss, which the company had previously flagged, was a result of..
US stocks have set fresh all-time highs for the third straight day after Federal Reserve chief nominee Janet Yellen bolstered expectations of the Fed keeping the flow of easy money. The Dow Jones I..
The Australian market ended the week with solid gains as investors welcomed the incoming US Federal Reserve chair's comments about maintaining economic stimulus. Janet Yellen's comments suggesting ..
Dick Smith's astonishing turnaround from Woolworths' $20 million discard to a listed company valued at more than $500 million has failed to convince some analysts. The electronics retailer is set t..
Online employment outsourcing group Freelancer has enjoyed a stellar debut on the Australian share market. The company's shares listed on the market at 50 cents, and soared after trade began on Fri..
Construction giant Lend Lease is looking to capitalise on the new federal government's focus on major infrastructure. The company is also casting its eye on overseas work again, after deliberately ..
The stock market has opened flat, as weakness in banking stocks overshadows a positive lead from overseas. Markets in Europe and the US rose overnight, but there was an early negative tone on the l..
Canadian dairy giant Saputo is set to raise its takeover offer for Warrnambool Cheese and Butter after rival bidders trumped its previous offer.Warrnambool shares were halted from trade on Friday afte..
US stocks have barrelled to fresh records, shrugging off some disappointing earnings results amid greater confidence the Federal Reserve will wait longer before scaling back its aggressive stimulus pr..
The share market has closed higher due to indications economic stimulus in the US is likely to run into next year. Janet Yellen, nominated to take over as head of the US Federal Reserve, has said t..
Virgin Australia is raising $350 million from shareholders to reduce debt and provide cash for its new business strategy. The airline will offer existing shareholders five new shares for every 14 t..
US stocks have pushed to fresh all-time highs after a strong earnings report from Macy's raised hopes about the upcoming holiday shopping season. The Dow Jones Industrial Average increased 70.96 po..
