Latest Finance News



MUA’s Patrick strike to end

The Maritime Union of Australia (MUA) says its strike affecting Asciano's Patrick stevedoring operations will end on Monday. However, the union pledged to undertake further industrial action if it ..

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Aussie stocks finish flat

The Australian share market closed flat, having recouped losses earlier in the day. The benchmark S&P/ASX200 index on Friday was down 1.6 points, or 0.04 per cent, at 4,276.2 points, while the ..

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Asciano, union talks collapse

Asciano says a long-running dispute across its Patrick stevedoring operations has so far cost it $15 million. The dispute is set to continue although the Maritime Union of Australia (MUA) has rejec..

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Rio, BHP, Woodside brace for cyclone

Rio Tinto's salt operations at Port Hedland in Western Australian are being secured as Tropical Cyclone Lua comes closer to land. The cyclone was upgraded from a category 2 to a more powerful categ..

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Virgin split gets the go ahead

Virgin Australia will go ahead with its ownership restructure after all conditions were met. In a bid to open up the share register to foreign investors, Virgin Australia in February proposed to sp..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange early on Friday: CQO - CHARTER HALL OFFICE REAL ESTATE INVESTMENT TRUST - down one cent at $3.07 Unitholders of an Australian office tower owner ..

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Travel hits Myer’s earnings

Australia's love affair with overseas travel is harming big department stores. Myer chief executive Bernie Brookes fears the high Australian dollar is hitting his and other department stores as lar..

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Miners bracing for Cyclone

Resources companies in Western Australia's north are bracing for Tropical Cyclone Lua, which is expected to intensify as it approaches the Pilbara coast. Forecasters believe Lua could cause floodin..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange early on Thursday: AAX - AUSENCO LTD - up 14 cent at $4.55 BSE - BASE RESOURCES LTD - up two cents at 47.5 cents Engineering firm Ausenco has ..

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Wall Street closes mixed

Stocks have ended pretty much where they started on Wall Street, a day after the market had its biggest gain of the year. The Dow Jones industrial average on Wednesday eked out an increase of 16.42..

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Stockland extends buyback

Property developer Stockland Group has expanded its on-market buyback of its securities to up to 10 per cent of issued capital. The previous target for the buyback, announced in August 2011, was fi..

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Consumer sentiment slips

Consumer sentiment has fallen following the Reserve Bank of Australia's (RBA) decisions in February and March to keep the official interest rate on hold, a survey shows. The Westpac/Melbourne Insti..

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Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange early on Wednesday: FUN - FUNTASTIC LTD - steady at 15 cents Kids toy supplier Funtastic has taken over KP Multinational Pty Ltd for almost $3 mi..

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