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Australian shares close slightly higher

The Australian market closed slightly higher as BHP Billiton's strong profit result was offset by a weak one by Coca-Cola Amatil.

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Monadelphous lifts 1H profit 10%

Engineering group Monadelphous lifted its first half profit 10 per cent to $87.1 million.

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Sydney Airport 20 year plan approved

Sydney Airport's 20-year plan has been approved, ensuring it can meet forecast increased demand.

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Australian shares lose early gains

Australian stocks are flat as several disappointing corporate earnings reports offset earlier gains fuelled by strong profit growth by BHP Billiton.

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Arrium in black as iron ore price holds

Steel and mining group Arrium expects strong prices as it bounces into the black with a $220 million first half profit thanks to record mining earnings.

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RBA more confident about the economy

The Reserve Bank of Australia says the local economy is strengthening and that is why it's prudent to keep the cash rate unchanged.

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