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Shares in Fairfax Media have risen to their highest level in more than two years after the media group reported improved underlying profit and earnings in its first half. Fairfax shares were up 25...
Spending has risen for the 17th consecutive month as business conditions improve, partly thanks to a lower Australian dollar. Economy-wide spending in January rose 2.2 per cent, according to the Co..
Households can look forward to some power bill relief this year due to fierce competition between energy retailers. Origin Energy managing director Grant King said his company's gross profit per cu..
Australia's largest life insurer, AMP, has suffered a fall in full year profit on the back of higher claims and the loss of customers. Net profit fell two per cent to $672 million for the year to D..
Construction giant Leighton Holdings has emerged from its scandal-filled 2013 with a higher than expected profit and predictions for a better result this year. Leighton chief executive Hamish Tyrwh..
New home construction and building permits plunged more than expected in January amid severe winter weather in large parts of the United States, official data shows. Housing starts plummeted 16.0 p..
US stocks have finished lower after minutes from the latest US Federal Reserve meeting showed some policymakers sought an early hike in the Fed's benchmark interest rate. The Dow Jones Industrial A..
The share market has closed slightly higher but gave away most of its earlier gains as investors took profits late in the session. The market stumbled in the afternoon on the back of weakness in th..
Telstra is cutting 800 jobs from its directories business Sensis with a union fearing most will go offshore and more could follow. Sensis said the restructure is designed to support its digital tra..
Fortescue Metals has more than tripled its half year profit to a record $US1.71 billion ($A1.9 billion) and maintained its production targets. The world's fourth biggest iron ore miner's profit in ..
Australian wages growth has been the weakest in at least 17 years as the mining boom slows down and unemployment climbs. Total hourly rates of pay, excluding bonuses, rose by a seasonally adjusted ..
Engineering firm Leighton Holdings has won a third contract to work on the construction of Hong Kong's Central-Wan Chai Bypass tunnel. Under the deal worth $453 million, Leighton Asia, India and Of..
Transport and logistics firm Toll Group is not expecting a short term improvement in the economy, so says winning new business, improving productivity and cutting costs will be its focus. Managing ..
US home builders' confidence in the housing market has declined sharply as the severe weather battering much of America keeps many would-be buyers at home. Storms and cold weather dampened builders..
Wesfarmers boss Richard Goyder says there is more it can do to improve the performance of Coles, even after another strong earnings result from the supermarkets business. Coles lifted its pre-tax e..
Insurance and banking firm Suncorp Group has increased its dividend to shareholders despite a slide in its half year profit. The owner of the AAMI and GIO insurance brands received more insurance c..
Woodside Petroleum chief executive Peter Coleman has promised a better 2014 after weaker prices and low oil sales led to a 41.4 per cent slump in profit. Woodside's shares fell on Wednesday after t..
US stocks have closed mostly higher as investors weighed mixed company news and an unexpected slump in home builder confidence. The Dow Jones Industrial Average shed 23.99 points (0.15 per cent) at..
The Australian market closed slightly higher as gains from mining giant BHP Billiton's strong profit results were dragged down by more disappointing results from other companies. CMC Markets chief ..
Shares in engineering group Monadelphous climbed more than nine per cent after the company posted a strong rise in its first half profit. Monadelphous defied the weakness in the mining services sec..
The federal government has approved Sydney Airport's 20-year masterplan which is designed to meet forecast demand of 74 million passengers by 2033. The plan includes shared domestic and internation..
The sharemarket has lost its early gains as investors digest a wealth corporate earnings reports. Stocks were buoyed in early trade after BHP Billiton reported an 83 per cent rise in half year prof..
Steel and mining group Arrium expects iron ore prices to remain at solid levels this year as it returned to profit thanks to record mining earnings. Statutory net profit for the first half to Decem..
The economy is showing signs of getting stronger and that means more interest rate cuts from the central bank are unlikely. The minutes of the Reserve Bank of Australia's February board meeting sho..
Global packaging giant Amcor says solid growth in emerging markets such as China has contributed to a 21 per cent rise in profit from the group's continuing operations. Amcor on Tuesday reported a ..
