Latest Finance News



BKI’s half-year profit up 5%

BKI Investment Company will conserve capital in readiness to snap up investment opportunities arising from an "ugly" fallout from Europe's debt crisis. The listed investment company on Monday poste..

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Transurban’s CEO resigns

Chief executive of toll road operator Transurban Chris Lynch will leave the company after handing in his resignation. Mr Lynch intends to resign as CEO and a director of the company with effect fro..

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US, European stocks decline

A roundup of trading on major world markets: NEW YORK - The US stock market closed mostly lower on Friday, capping its first losing week of 2012, after the government reported that economic growth ..

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Shares close at 7-week high

The Australian share market ended Friday at a seven-week high led by the resources and materials sector. A decision by the US central bank to keep interest rates low for longer in the world's bigge..

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Friday stock market movers

Stocks to watch on the Australian stock exchange at close on Friday: RMD - RESMED INCORPORATED - up 19 cents at $2.73 US-based sleep disorder specialist ResMed Inc has reported a drop in profit ..

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Amgen quarterly profit falls

Amgen Inc says its fourth-quarter profit fell 8.5 per cent as its expenses for taxes and for producing and selling drugs rose faster than its revenue. The world's largest biotech company said its n..

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ResMed half-year profit falls

Sleep disorder equipment supplier ResMed Inc has suffered a first half profit fall, despite revenue and income hitting record levels in the final months of 2011. ResMed on Friday booked a net profi..

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US stocks slip on weak data

US stocks erased early gains on solid earnings reports from Caterpillar and Netflix to end lower on Thursday, with some weak economic data and profit-taking seeming to drive the selling. The Dow Jo..

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Stocks rise on rate cut hopes

Australian shares closed at a six-week high after official figures showing an easing of inflation boosted hopes for further interest rate cuts. Financial stocks surged two per cent on hopes that an..

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Asciano restructures Patrick

Asciano has restructured its Patrick ports division, resulting in a significant reshuffle of its executive team. The Patrick business comprises a containers and terminals arm, a ports and stevedori..

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Alesco triples its net profit

Building products distributor Alesco Corporation has more than tripled its first half profit but says trading conditions are tough and will continue to be so. The construction, mining and home prod..

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Wall Street closes weaker

A roundup of trading on major world markets: NEW YORK - Stocks closed marginally lower overnight as investors remained concerned that a deal to cut Greece's debt might fall through. The Dow Jone..

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Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange early on Wednesday: GUD - GUD HOLDINGS LTD - down four cents at $7.31 Consumer and industrial products supplier GUD Holdings says trading conditi..

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Stocks flat on eurozone woes

Australian shares ended flat after retreating from positive territory on growing concerns that Greece and Portugal may need more bailout funds. "Risk assets continue to trade cautiously on the slig..

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Oil Search flags flat output

Oil Search expects flat production into 2013 as natural field decline and processing shutdowns are offset by new exploration success. The warning came after the oil and gas explorer and producer ac..

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