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QBE Insurance Group's annual net profit plunged 45 per cent during what it described as one of the worst years for catastrophic events. QBE on Tuesday reported a statutory net profit of $US704 mill..
Telstra's participation in the national broadband network (NBN) has cleared the final hurdle after the competition regulator said it had accepted the telco's structural separation undertakings (SSU). ..
Southern Cross Media has almost tripled its net profit after acquiring the Austereo radio group. Now called Southern Cross Austereo, the rebranded company has assets across regional television, reg..
Leighton Holdings subsidiary Habtoor Leighton Group has been awarded a $A480 million property redevelopment contract in Dubai in the Middle East. The contract forms part of the $A3 billion Jewel of..
Stocks to watch on the Australian stock exchange early on Tuesday: BPT - BEACH ENERGY LTD - down 9.5 cents at $1.67 Oil and gas producer Beach Energy has returned to first half profitability des..
The Australian share market closed lower on Monday, partly pulled back by market giant BHP Billiton, which paid its interim dividend; the big banks, three of which had a ratings downgrade on Friday; a..
The Australian dollar has fallen more than a quarter of a US cent as demand rises for European currencies. At 1700 AEDT the Australian dollar was trading at 106.89, down from 107.17 on Friday. E..
Telstra Corporation will start selling internet plans to be delivered over the national broadband network (NBN) from Tuesday. The move comes after the nation's largest telco signed a wholesale serv..
Caltex Australia says the it expects the recent deterioration of its refining business to be sustained for a prolonged period. The company, which earlier this month flagged the possible closure of ..
Woodchipper Gunns says the future value of the company relies upon the completion of its controversial $2.5 billion pulp mill at Bell Bay in Tasmania. Gunns on Monday posted a $173.3 million loss f..
Wealth manager SFG Australia Ltd is ready for more transformational mergers and acquisitions after its friendly merger with Shadforth Financial Group helped boost interim profit by 84 per cent. For..
Oil and gas producer ROC Oil Company has booked its first annual profit since 2005, partly as a result of the higher oil price. ROC on Monday announced a net profit of $US27.7 million for the 12 mo..
Oil and gas producer Beach Energy has returned to first half profitability despite a small fall in production. Beach on Monday posted a net profit of $56 million for the six months to December 31, ..
Stocks to watch on the Australian stock exchange early on Monday: AGK - AGL ENERGY LTD - down 67 cents at $13.67 MELBOURNE, Feb 24 AAP - AGL Energy says it is confident of getting regulatory app..
A roundup of trading on major world markets: NEW YORK - US stocks drifted to a mixed close on Friday in lacklustre trade as the broad market scored a modest gain. The Dow Jones Industrial Averag..
Electricity provider AGL Energy says it is confident of getting regulatory approval for its plans to buy Australia's biggest brown coal power station and biggest coal mine. If the Australian Compet..
The Australian share market ended the week on a high note after a positive lead from Wall Street, with financial and mining stocks driving gains. The benchmark S&P/ASX200 index broke through th..
Casinos operator Crown says it has not yet decided whether it will increase its stake in fellow casinos firm Echo Entertainment Group. Crown said on Friday that it now holds a 10 per cent interest ..
South America-focused gold and silver producer Troy Resources has posted a jump in first half net profit after a production ramp-up at its new Casposo operation in Argentina and a strong performance a..
Civil construction and mining services contractor NRW Holdings has booked a record interim net profit on the back of strong work in iron ore and coal, and says it expects to achieve a 75 per cent surg..
Energy infrastructure company and takeover target Hastings Diversified Utilities Fund has narrowed its full year net loss and says the outlook is favourable. The company on Friday reported a net lo..
Reserve Bank of Australia (RBA) governor Glenn Stevens does not believe it is the job of the central bank to tell retail banks to take a hit on their profits so they can offer lower lending rates.Mr S..
Upmarket department store chain David Jones hopes to make about 10 per cent of its sales online as it tries to lure new customers and avoid closing stores. Chief executive Paul Zahra would not reve..
US stocks have closed broadly higher, helped by solid gains from Procter & Gamble over its cost-cutting plan and blue-chip stalwart IBM. The Dow Jones Industrial Average on Thursday closed up 4..
Stocks to watch on the Australian stock exchange early on Friday: APN - APN NEWS AND MEDIA LTD - up 1.5 cents at 83.5 cents APN News & Media has unveiled a $45.1 million full year loss as it..
