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The sharemarket has fallen due to a worse than expected fall in business investment in the December quarter. Trading was also marked by a sharp fall in the value of Qantas shares, after the airline..
Qantas chief executive Alan Joyce says he's the right man for the job of overseeing the tough measures needed to return the airline to profit. He said their plan to axe 5,000 jobs, defer buying or ..
Wealth manager Perpetual has lifted its half year profit due to improved equity markets and lower costs as a result of a restructure. Perpetual made a $33 million net profit in the six months to De..
Optus chief Kevin Russell will step down at the end of March, just over two years after taking the post. Paul O'Sullivan, currently group consumer chief executive at Optus' parent company Singapore..
Australia's mining investment boom is well and truly over, but other parts of the economy aren't quite ready to pick up the slack. Total new capital expenditure (capex) was down 5.2 per cent in the..
Maintenance and project management firm Transfield Services says activity levels in Australia and New Zealand remain subdued leading into the second half of the financial year. But there may be sig..
The Australian dollar has fallen more than a third of a US cent after the release of worse-than-expected business investment figures for the December quarter. The Australian dollar was trading at 8..
Business investment in Australia had an unexpectedly large fall in the last three months of 2013, led by a big drop in mining related investment. Capital expenditure (capex) was down 5.2 per cent i..
Billionaire Kerry Stokes' cashed-up Seven Group has shrugged off a forecast 30-40 per cent fall in full year profit, declaring it is chasing growth and takeovers. The media, industrial services and..
Nine Entertainment boss David Gyngell says his television network will build its business with a focus on local content, as the recently relisted company showed it is on track to beat its earnings for..
US stocks have finished with modest gains as investors look ahead to Thursday's congressional testimony by Federal Reserve Chair Janet Yellen. The Dow Jones Industrial Average advanced 18.75 points..
Resources stocks have weighed on the local sharemarket due to investor concerns about the Chinese economy and weaker commodities prices. The resources sector fell by around 1.1 per cent on Wednesda..
BC Iron says it's focused on achieving its growth targets after increasing net profit nine fold. The Pilbara iron ore producer has recorded a statutory net profit of $70.3 million for the six month..
The housing construction sector struggled to gain strength at the end of 2013, a sign that the recovery in non-mining investment is still sluggish. The amount of construction work done in Australia..
A tough market for coal miners has led to Whitehaven Coal reporting an $11.6 million half year loss. The result in the six months to December 31 was an improvement on the $48.6 million loss the NSW..
Sales and profits at travel agency Flight Centre have taken off. The company said its evolution from travel agent to "travel retailer" had gained momentum as it lifted its first half profit by 20.7..
Property and construction giant Lend Lease is upbeat about its outlook, despite a 16 per cent slide in its half year profit. Weakness in the company's Australian and European construction businesse..
The Abbott government's repeal of the carbon tax and a bump in energy prices is set to benefit AGL Energy more than its utility rivals. Australia's second largest energy retailer posted weaker firs..
Australian Westfield shopping centres have proved highly resilient, with near record low vacancy rates and growing rents despite retail conditions continuing to be challenging. Shopping centre owne..
Wall Street stocks have fallen following weak US economic data and a mixed outlook from JPMorgan Chase on some of its key business units. The Dow Jones Industrial Average dropped 27.48 points (0.17..
The sharemarket's run of seven straight days of gains is over, as a weaker iron ore price weighed on the resources sector. The market opened with gains and hit its highest level since mid-2008 duri..
Qantas will announce massive job cuts on Thursday, possibly in the thousands, despite federal government assistance looking increasingly likely. The national carrier warned on Tuesday it would stil..
Australia's largest private hospitals operator, Ramsay Health Care, is looking forward to more expansion overseas, particularly in Asia. The company also has lifted its full-year guidance, after a ..
The sharemarket is higher for an eighth consecutive day despite losing some of its early gains. Gains on Wall Street overnight helped local stocks open higher, but as morning trade continued the ma..
Taxi payments company Cabcharge says improved economic conditions and the growing popularity of "tap-and-go" card technology has contributed to an eight per cent rise in its half year profit. The c..
