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Aristocrat shares fall by more than 11%

Aristocrat shares have fallen more than 11 per cent despite the company saying it expects to report an improved first half net profit.

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Europe’s leaders agree to funnel cash into ailing banks

European leaders have agreed to funnel money directly to struggling banks, which is good news for Italy and Spain, which face rising borrowing costs.

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Aussie sharemarket closes higher as EU leaders seal deal

The Australian sharemarket has been boosted by some encouraging developments in Europe and a takeover offer for retailer David Jones.

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Metcash completes $325m placement

Grocery wholesaler Metcash has successfully completed its $325 million share placement to fund planned acquisitions and growth opportunities.

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David Jones gets a $1.65bln takeover offer from British private equity firm

David Jones shares have soared after news that the retailer has received a $1.65 billion takeover offer from a UK private equity firm.

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Lift Fairfax or go, Rinehart tells chair

Billionaire Gina Rinehart has called on Fairfax chairman Roger Corbett to resign if he cannot boost circulation, revenue and the share price.

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