Latest Finance News



Leighton wins $437m in new work

Two Leighton subsidiaries have won new contracts worth a total of $437 million. Leighton's 45 per cent-owned Middle East associated Habtoor Leighton Group won a $US316 million ($A302.96 million) co..

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Wotif.com chief executive resigns

The chief executive of online travel group Wotif.com has resigned to take a job in another industry. After five years as company head, Robbie Cooke is expected to leave the company at the end of 20..

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Reforms will support the markets: RBA

Regulatory reforms will act as a stabiliser in less certain economic times, the Reserve Bank of Australia says. Speaking to the Financial Services Institute of Australia on Tuesday, RBA assistant g..

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BHP boss is the nation’s top earner

BHP Billiton boss Marius Kloppers is the nation's highest-paid chief executive, earning $11.8 million last year, research finds. But this was well down on 2010's champion earner, the then chief exe..

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New vehicle sales hit record high

Car yards sold more new vehicles in August than ever before. More than 93,000 new vehicles were sold in August, seasonally adjusted, a 3.6 per cent jump on the previous month, figures released by t..

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Macmahon expected to downgrade profits

Macmahon Holdings is poised to cut its earnings guidance, only a month after the mining services and construction group forecast 20 per cent profit growth for fiscal 2013. The group requested a tra..

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Stocks to watch early on Monday

Stocks to watch on the Australian stock exchange on Monday, September 17 ANZ - ANZ BANKING GROUP LTD - up nine cents at $24.23 ANZ Bank on Friday said its variable interest rates for Australian ..

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Fortescue Metals told to raise cash

Fortescue Metals is expected to cave to pressure from its bankers and announce a capital raising, as negotiations continue to restructure the troubled miner's heavy debt. The company placed its sha..

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AGMs could be on the chopping block

Shareholders could lose their once-a-year opportunity to mingle with the company directors, if the government's corporate law adviser has its way and scraps annual general meetings (AGMs). Corporat..

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Crown raises $532m in notes offer

James Packer's Crown Casino has raised $532 million through its subordinated notes offer. The amount exceeded the $400 million Crown in August said it was seeking to raise. Crown said it had iss..

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Thiess wins $154m Barangaroo contract

Leighton Holdings' engineering, construction and mining services subsidiary Thiess has won a $154 million contract to build a walkway through Sydney's CBD to the Barangaroo development. The key ped..

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