Latest Finance News



Leighton appoints new CEO

Leighton says a change in leadership style is necessary to re-energise the construction company and return it to profitability, after its chief executive was sacked just eight months into the job.A un..

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Iluka returns to profitability

Iluka Resources has booked a first half profit due to higher mineral sands production and a jump in prices, and expects strong prices will continue amid tight supply. Shares in Iluka had jumped 78 ..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, August 25AAX - AUSENCO LTD - up 15 cents at $2.22Ausenco has reported a first half profit of $7.71 million, as the engineering and mining ..

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Aussie shares close flat

The Australian share market closed flat, pulling back from earlier gains as investors awaited firmer direction from a global meeting of central bankers later in the week in the United States.The bench..

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Downer EDI future unclear

Downer EDI Ltd says it's unclear whether market volatility will have a negative effect on future projects after the firm posted a $27.8 million full year loss.The engineering and infrastructure servic..

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Gold breaks $1,900 level

Gold topped $US1,900 per ounce for a new record Tuesday but pulled back sharply in later trade as bulls returned to Wall Street and the euro made an upward jump.In early Asian trading hours, the preci..

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US, European stocks surge

A roundup of trading on major world markets: NEW YORK - US stocks surged strongly on Tuesday, boosted by growing hopes the US Federal Reserve will offer new stimulus measures to kick-start a sluggi..

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Seven West shares surge 20% on outlook

Shares in Seven West Media Ltd surged nearly 20 per cent after the company said it was on track to refinance debt and strengthen its balance sheet despite a tough advertising market.The broadcaster an..

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Aussie shares close up 2.2%

The Australian share market closed sharply higher, buoyed by a return to confidence from overseas investors and solid earnings results. At 1615 AEST on Tuesday, the benchmark S&P/ASX200 index w..

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Foster’s hints at job cuts

Foster's Group has foreshadowed more job cuts, reporting an annual net loss and a continued drop in the Australian beer market.However, the brewer says the decline is slowing and believes a pick-up in..

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Sonic Healthcare shares sink

Shares in Sonic Healthcare Ltd plunged almost six per cent after the company forecast 15 per cent earnings growth after a flat full year profit in 2010/11.Sonic reported on Tuesday profit of $294.5 mi..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday:AMC - AMCOR LTD - up 17 cents at $6.70Amcor has almost doubled full year profit as the packaging manufacturer expects to achieve more cost b..

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