Latest Finance News



US stock market inches up

A roundup of trading on major world markets: NEW YORK - US stocks made slight gains on Monday, after an exuberant early rally sparked by the apparent downfall of Libyan ruler Muammar Gaddafi gave w..

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Flight Centre confident of FY12 growth

Flight Centre is confident that low airfares and growth in its overseas operations can boost profit this financial year.Managing director Graham Turner forecast an underlying profit increase of around..

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Emeco returns to profit, eyes growth

Earthmoving equipment firm Emeco Holdings is back in the black after a rise in resources sector activity in the first half.It says it will spend $165 million on new gear this financial year to meet ri..

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Aussie stocks close lower

The Australian share market fell back into negative territory to close lower after earlier positive trading on the back of takeover announcements and strong earnings results.At 1615 AEST on Monday, th..

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Adamus signs merger deal

Gold producer Adamus Resources has signed a merger deal with the Toronto Stock Exchange-listed Endeavour Mining Corporation to create a larger, acquisition-focused West Africa-based miner.Ghana-focuse..

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Primary Health profit falls

One of Australia's biggest medical centre operators says the expansion of GP training places will not cover gaps left by retiring baby boomer GPs. Primary Health Care employs more than 700 GPs at i..

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Stocks to watch on Monday

ANZ - AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD - down 92 cents at $19.50ANZ Bank is on track for full year earnings growth of 17 per cent to another record profit and remains confident about the Au..

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Stocks close 3.5% lower

The Australian share market closed sharply lower on a mixture of poor company results and big falls on US and European bourses spooked by the poor global growth outlook. The benchmark S&P/ASX20..

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Billabong shares wipe out

Shares in Billabong International suffered a 26 per cent wipeout to the lowest in a decade, after the surfwear retailer reported a sharp decline in profit.Net profit was $119.14 million in the year to..

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Stockland to buy back shares

Stockland plans to buy back up to five per cent of its stock, equivalent to 119.15 million securities.The on-market buyback will be funded by asset sales and the deferral of some uncommitted developme..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday: ABC - ADELAIDE BRIGHTON LTD - up 10 cents at $2.66 Cement and lime manufacturer Adelaide Brighton says half year profit declined by 10..

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Santos sticks up for CSG, posts profit

Santos Ltd's boss says coal seam gas (CSG) is a crucial way forward to a low carbon economy and many attacking it oppose the resources industry generally.Greens senators Bob Brown and Christine Milne ..

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