Latest Finance News



Goodman retains capital for future

Property firm Goodman Group is keeping its money in its pockets in case acquisition opportunities arise. Goodman, which on Thursday booked a rise in annual operating profit of 17 per cent, said gea..

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Lenovo profit up 23% as mobile grows

Lenovo Group, the world's biggest personal computer maker, says its quarterly profit rose 23 per cent as sales of smartphones and other mobile devices doubled. Lenovo said Thursday it earned $US174..

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BOQ to refund customers for errors

Bank of Queensland will refund 38,000 customers about $34.5 million after they were overcharged in fees and underpaid in interest. The bank will also incur additional remediation costs of $11.5 mil..

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Wesfarmers’ profit up six per cent

Wesfarmers has lifted its net profit six per cent in the 2012/13 financial year. The company has made a net profit of $2.26 billion during the year, up from $2.12 billion in the 12 months. Coles..

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Coles lifts Wesfarmers profit to $2.26b

The head of Coles says Australians are still paying too much for groceries, even as it posted a $1.5 billion full year profit.A 13 per cent rise in earnings from Coles helped its parent company Wesfar..

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US stocks fall on mixed economic data

US stocks have opened lower following mixed economic data and disappointing earnings outlooks from Dow components Cisco and Walmart.Five minutes into trade on Thursday, the Dow Jones Industrial Averag..

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Market unimpressed by major companies

The Australian share market is slightly lower after strong earnings reports from major companies failed to hearten investors. Investors were subdued on Wednesday despite market heavyweight Commonwe..

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Sydney Airport in $1.2b buy-out

Sydney Airport will buy out its minority shareholders in a $1.2 billion move to simplify its ownership.The company says it will buy the 15.2 per cent interest in Australia's biggest airport that it do..

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we need to improve our network

Optus admits it needs to improve the quality of its network after seeing rival Telstra scoop up most of the 550,000 customers who this year abandoned struggling telco Vodafone.The telco has watched it..

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Optus says network needs improvement

Optus admits it needs to improve the quality of its network after seeing rival Telstra scoop up most of the 550,000 customers who this year abandoned struggling telco Vodafone. The telco has watche..

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DJ scandals weigh on Southern Cross

Poorly rating TV programs and the royal radio prank have hit Southern Cross Austereo's revenue.But the TV and radio broadcaster still managed a slight rise in full year profit, and says it is confiden..

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CSL records 19% net profit boost

Blood products and vaccine provider CSL has lifted its profit 19 per cent amid stronger sales and improved margins.CSL made a net profit of $US1.22 billion ($A1.35 billion) for the 2012/13 financial y..

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Leighton shares slide as profit triples

Construction giant Leighton boosted its profit in the first half of 2013, but investors remain concerned about the impact of the mining downturn on the company.Leighton made a net profit of $366.2 mil..

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CBA boss wants a majority government

The head of Australia's largest and most profitable bank wants a majority government elected in September to help restore business and consumer confidence.Commonwealth Bank made a $7.8 billion profit ..

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US stocks flat on mixed economic data

US stocks have opened little changed as improving economic conditions in Europe were offset by a US inflation report that pointed to tepid growth.Five minutes into trade, the Dow Jones Industrial Aver..

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Australian shares hit three month high

The Australian share market has hit a three month high, with investors buoyed by positive local earnings performances potential stimulus measures in Japan. Every sector of the market was higher, wi..

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PEFO’s jobs forecasts may be wrong

One of the most disappointing aspects of the Pre-Election Economic and Fiscal Outlook on Tuesday is its bleak outlook for jobs. Bleak, but by no means locked in. The jobless rate is now 5.7 per ..

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Bradken flags more job losses

Engineering firm Bradken has flagged more job losses as part of a new round of cost cutting to deal with a slowing mining sector. The company has already cut 575 positions since January, and says i..

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