Latest Finance News



Aust shares close at 18-month highs

Investors have brought some festive cheer to the Australian sharemarket, sending it back up to 18-month highs on light volumes on Christmas Eve.The benchmark S&P/ASX200 index closed 11.6 points, o..

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Aust shares close higher

The Australian share market has closed higher despite low volumes during a shortened Christmas Eve session.At the close of trade on Monday, the benchmark S&P/ASX200 index was 11.6 points, or 0.25 ..

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Resources stocks boost market

Australian shares were trading higher at noon on Monday despite falls on Wall Street on Friday as the US economy edges toward the so-called fiscal cliff.At 1220 AEDT on Monday, the benchmark S&P/A..

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Resources stocks boost Aust market

Australian shares made a positive start on Monday despite falls on Wall Street on Friday as the US economy edges toward the so-called fiscal cliff.At 1040 AEDT on Monday, the benchmark S&P/ASX200 ..

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Aust shares open higher

The Australian share market has opened higher due to gains by mining and energy stocks.At 1020 AEDT on Monday, the benchmark S&P/ASX200 index was up 11.4 points, or 0.25 per cent, at 4,635, while ..

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Australian market to rise

The Australian share market looks set for a positive start on Monday despite falls on Wall Street on Friday as the US economy edges toward the so-called fiscal cliff.At 0700 AEDT the March share price..

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Stocks to watch at noon on Friday

Stocks to watch on the Australian stock exchange at noon on Friday: BBG - BILLABONG - up 4.5 cents or 5.6 per cent to 84.5 cents Billabong's chief financial officer Craig White has left the trou..

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Aussie shares flat at noon

The Australian share market was flat at noon with investors watchful about how US fiscal cliff negotiations were tracking. At 1230 AEDT on Friday, the benchmark S&P/ASX200 index was up two poin..

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Dexus buys more Sydney properties

Dexus Property Group has spent $504 million to take part ownership in several major Sydney office properties. The purchases were made with the proceeds of Dexus' recent sale of the majority of its ..

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Qantas-Emirates deal gets ACCC go ahead

Christmas has come early for Qantas, with the competition watchdog approving its alliance with Emirates, but the struggling Flying Kangaroo did not get all the yuletide presents it wished for. The ..

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Elders says no choice but to sell

Embattled agribusiness Elders has told shareholders the decision to sell off its operations is right because its high debts will prevent its share price ever really recovering. Elders wants to sell..

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US stocks lower as fiscal cliff looms

US stocks have closed lower as market sentiment soured less than two weeks before the United States risks going over the so-called fiscal cliff. The Dow Jones Industrial Average slumped 99.14 point..

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News Ltd posts heavy loss in 2011/12

Poor advertising markets have led to losses at the Australian arm of Rupert Murdoch's global media empire blowing out by more than 50 per cent. News Limited lost $476.7 million in the 12 months to ..

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IAG to make a loss from UK sale

Shares in Insurance Australia Group have fallen after it finalised the sale of its ailing UK assets for a loss of $240 million. The company, which owns the CGU and NRMA Insurance brands in Australi..

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Storm investors sue Bank of Queensland

Investors who lost money through the $3 billion collapse of Storm Financial are suing the Bank of Queensland (BoQ) over its role in the group's demise. Lawyers acting for the investors filed a stat..

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Macmahon shares drop to eight-year lows

Shares in Macmahon Holdings slumped to an eight-year low after the mining contract launched a $80.7 million capital raising and sold its ailing construction business. The stock dropped heavily afte..

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APN shares tumble on profit warning

APN News & Media had $33 million wiped off its market value after its shares plunged to new lows following a profit warning. In a statement released after the market closed on Thursday, APN sai..

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