Latest Finance News



US stocks score third day of gains

US stocks have notched gains for a third straight day as investors looked past disappointing economic data to a batch of positive corporate earnings reports. The Dow Jones Industrial Average on Thu..

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Fairfax appoints Jack Cowin to board

Mining billionaire Gina Rinehart's battle over board seats at Fairfax Media is expected to continue despite the appointment of her close ally Jack Cowin as an independent director. The troubled med..

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Santos boosts sales and production

Santos has posted an 18 per cent jump in quarterly sales revenue, giving it a financial boost as it develops its costly giant LNG projects. The market and analysts were impressed with the better th..

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Woodside lifts production target

Woodside Petroleum has upgraded its full year production target, thanks to a stellar start to its giant Pluto liquefied natural gas project (LNG) that helped boost second quarter output by 43 per cent..

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Business conditions weaker: survey

Australian business conditions weakened in the three months to June, according to a private survey. The National Australia Bank (NAB) quarterly survey showed the business conditions index for the J..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, July 19 AIO - ASCIANO LTD - up three cents at $4.37 Asciano will axe half its Sydney workforce as it expands and automates its Port ..

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Gerard Lighting shares soar 26%

The Gerard Lighting Group has endorsed a $186 million takeover offer from Lighting Group Australia, sending shares soaring more than 26 per cent. Shares in Gerard closed 21.5 cents, or 26.71 per ce..

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New chief executive for MHM Metals

The former CEO of Coogee Chemicals Pty Ltd Phil Thick has been appointed managing director and chief executive of diversified resources company MHM Metals. MHM Metals will shift its business focus ..

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BHP Billiton hit by negative outlook

BHP Billiton is expected to face a challenging few months as risk-averse investors abandon the stock despite positive production numbers. Shares in the world's biggest resources company hit near th..

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NAB’s UK banks in rate swap review

National Australia Bank's (NAB) two British lenders are under review by the UK financial watchdog as part of its probe into the alleged mis-selling of interest rate hedging products. NAB said its C..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, July 18: BHP - BHP BILLITON LTD - up two cents at $30.79 Production and sales at BHP Billiton's key iron ore division are expected ..

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US stocks extend gains

US stocks climbed for a second straight day on Wednesday amid upbeat earnings reports and after a Federal Reserve report said the economy continued to grow, at least at a modest pace. The Dow Jones..

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ClearView rejects $220m takeover bid

ClearView Wealth Management's board has unanimously rejected a $220 million unsolicited takeover bid from CCP Bid Co, branding the bid inadequate and opportunistic. CCP, a subsidiary of private equ..

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Shares up at noon

The Australian shares have risen three-quarters of one per cent after resource stocks had a positive turnaround from a sluggish opening. At 1201 on Tuesday, the benchmark S&P/ASX200 index was u..

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