Finance News, Wednesday 4th May 2011
EFTPOS glitch leaves many cashless
There are major problems with the EFTPOS payments network of two major banks this morning.Westpac and St George customers in Sydney were the first to experience problems with ATM- EFTPOS and online bank ... ...Wed 4th May 2011 - 11:54pm
11th hour legal challenge over Kimberley gas hub
On the eve of a vote on the future of the Kimberley gas hub- a Supreme Court challenge has been launched that could derail the plans.Neil McKenzie and Phillip Roe are among the traditional owners of James ... ...Wed 4th May 2011 - 11:49pm
Australia shares seen down for third day as metal prices fall
MARKETS-AUSTRALIA-STOCKS-Australia shares seen down for third day as metal prices fall ...Wed 4th May 2011 - 11:46pm
Newscorp profits slide on silver screen slump
Newscorp has suffered a significant fall in quarterly profits- mainly due to less revenue from movies.The net profit for the three months to March was US639 million. The result is down around 30 per cent ... ...Wed 4th May 2011 - 11:44pm
EFTPOS glitch leaves many cashless
There are major problems with the EFTPOS payments network of two major banks this morning.Westpac and St George customers in Sydney were the first to experience problems with ATM- EFTPOS and online bank ... ...Wed 4th May 2011 - 11:41pm
NAB H1 profit up 15.9 to 2.428 billion
National Australia Bank Ltd has increased first-half profit by 15.9 per cent as it cements its place as the nations biggest business lender- a position it says will grow this year.Net profit rose ... ...Wed 4th May 2011 - 11:40pm
NAB posts 16pc profit rise
National Australia Bank has posted a 16 per cent rise in its half-year statutory profit- with its cash profit slightly exceeding analyst forecasts.The banks statutory profit rose to 2.43 billion- ... ...Wed 4th May 2011 - 11:38pm
EFTPOS glitch leaves many cashless
There are major problems with the EFTPOS payments network of two major banks this morning.Westpac and St George customers in Sydney were the first to experience problems with ATM- EFTPOS and online bank ... ...Wed 4th May 2011 - 11:37pm
EFTPOS glitch leaves many Australians cashless
There are major problems with the EFTPOS payments network of two major banks this morning.Westpac and St George customers in Sydney were the first to experience problems with ATM- EFTPOS and online bank ... ...Wed 4th May 2011 - 11:22pm
Cheaper mobile calls- sms on way in NZ
Lower costs for mobile phone calls and text messages are expected after the Commerce Commission decided that significant reductions should be made in wholesale termination rates.The commissions ... ...Wed 4th May 2011 - 11:09pm
NAB H1 profit up 15.9 to 2.428 billion
National Australia Bank Ltd has increased first half profit by 15.9 per cent as the lender says the Australian economy looks strong and business lending is set to rise.Net profit rose to 2.428 billion ... ...Wed 4th May 2011 - 11:09pm
NZ unemployment rate falls to 6.6
New Zealands unemployment rate edged down to 6.6 percent in the March quarter- from 6.7 percent in the previous three months. ...Wed 4th May 2011 - 10:56pm
NAB H1 profit up 15.9 to 2.428 billion
National Australia Bank Ltd has increased first half profit by 15.9 per cent as the lender says the Australian economy looks strong and business lending is set to rise.Net profit rose to 2.428 billion ... ...Wed 4th May 2011 - 10:33pm
Final investment decision looms for 1b Xstrata coal port
Mining company Xstrata says it expects the terms of reference for its proposed coal port in central Queensland will be released this week.Xstrata is due to make a final investment decision on the proposed ... ...Wed 4th May 2011 - 10:28pm
NAB H1 profit up 15.9 to 2.428 billion
National Australia Bank Ltd has increased first half profit by 15.9 per cent as the lender says the Australian economy looks strong and business lending is set to rise.Net profit rose to 2.428 billion ... ...Wed 4th May 2011 - 10:18pm
NAB 1H profit up 15.9 to 2.428bn
National Australia Bank Ltd has increased first half profit by 15.9 per cent as the lender says the Australian economy looks strong and business lending is set to rise.Net profit rose to 2.428 billion ... ...Wed 4th May 2011 - 10:12pm
Sydney train travellers cant use plastic
EFTPOS machines at railway stations and some Westpac bank terminals in Sydney are not operating- after a Westpac data centre shut down.A Westpac spokesman said the data centre shut down after its airconditioning ... ...Wed 4th May 2011 - 09:58pm
Glencore says its worth about US61bn
Commodities giant Glencore International PLC says its partial share float later this month could value the company at US61 billion A55.87 billion- making it one of the biggest initial public offerings ... ...Wed 4th May 2011 - 09:52pm
Union flags Fairfax strike action
The union representing Fairfax journalists says it is highly likely there will be industrial action over planned job cuts that could see hundreds of subediting positions outsourced.Fairfax Media has announced ... ...Wed 4th May 2011 - 09:32pm
BMW Q1 profit rises to A1.64 billion
German luxury carmaker BMW reported that first-quarter net profit rose almost fourfold to 1.21 billion euros A1.64 billion as sales climbed all around the world- particularly in China.Profits were up ... ...Wed 4th May 2011 - 09:30pm
News Corp Q3 profit slumps
News Corporation Ltd has reported a slump in third quarter net profit- saying film revenue was lower after a record contribution by Avatar in the third quarter last year.News Corporation reported a net ... ...Wed 4th May 2011 - 09:23pm
Union flags Fairfax IR action
The union representing Fairfax journalists says it is highly likely there will be industrial action over planned job cuts that could see hundreds of subediting positions outsourced.Fairfax Media has announced ... ...Wed 4th May 2011 - 09:10pm
News Corp Q3 profit slumps
News Corporation Ltd has reported a slump in third quarter net profit- saying film revenue was lower after a record contribution by Avatar in the third quarter last year.News Corporation reported a net ... ...Wed 4th May 2011 - 08:57pm
News Corp. fiscal 3Q profit falls 24 pct
News Corp- the media conglomerate controlled by Rupert Murdoch- says its net income for latest quarter fell by 24 per cent as the afterglow of its blockbuster movie Avatar faded even though ... ...Wed 4th May 2011 - 08:47pm
Deficit forecast to blow out extra 10b
A leading economic forecaster predicts next weeks budget will show the deficit is 10 billion worse than last forecast.Deloitte Access Economics says it expects the budget to be 51 billion in the ... ...Wed 4th May 2011 - 08:04pm
Glencore pricing values firm at about 61
Commodities giant Glencore International PLC said on Wednesday that its partial share float later this month could value the company at US61 billion A55.87 billion- making it one of the biggest initial ... ...Wed 4th May 2011 - 07:58pm
Australias NAB profits rise 15.9 percent
Australias biggest lender National Australia Bank NAB announced a 15.9 percent rise in half-year profits Thursday on lower bad debts and disciplined cost management.The bank booked a profit of Aus2.43 ... ...Wed 4th May 2011 - 03:32pm
News Corp. net profit down 21 percent
The lack of a new blockbuster hit like 2009s Avatar helped push third-quarter profits down 21 percent- media and entertainment giant News Corporation said.Profit for the quarter to March ... ...Wed 4th May 2011 - 02:42pm
Housing financer Freddie Mac returns to profit
The US government-controlled housing financer Freddie Mac reported its first quarterly profit in three and a half years Wednesday- after years of losses on its huge mortgage portfolio.Bailed out at huge ... ...Wed 4th May 2011 - 12:44pm
News Corp. net profit down 21 percent
The lack of another blockbuster hit like 2009s Avatar helped push third-quarter profits down 21 percent- media and entertainment giant News Corporation said Wednesday.Profit for the quarter ... ...Wed 4th May 2011 - 11:11am
News Corp. net profit down 21 percent
Media and entertainment giant News Corp. said Wednesday its fiscal third quarter net profit fell 21 percent to 682 million.Revenue declined to 8.26 billion from 8.78 billion in the same quarter a year ... ...Wed 4th May 2011 - 10:49am
CCA profit growth to halve- shares sink
Coca-Cola Amatil Ltd expects first-half earnings growth to halve from previous years- prompting the beverage makers shares to slump to the lowest in a month.The company forecasts net profit will rise ... ...Wed 4th May 2011 - 10:07am
Power blackout affects thousands
Aurora Energy says a major sub-station fault cut power to 13-000 homes on Hobarts eastern shore last night.It took about four hours to restore electricity to suburbs including Howrah- Lauderdale- ... ...Wed 4th May 2011 - 10:03am
Power out on Hobarts eastern shore
There is a major power outage on Hobarts eastern shore.About 13-thousand customers are without power from Bellerive through to South Arm.Aurora Energy says its investigating a problem at the ... ...Wed 4th May 2011 - 10:01am
UBS fined 160 million for US bond-fixing scheme
The Swiss bank UBS was fined 160.2 million for a bid-rigging scheme involving the issue of US municipal bonds and reinvestment of their proceeds- the Justice Department announced Wednesday.The bank admitted ... ...Wed 4th May 2011 - 09:53am
Alstom net profit plunged 62 percent in full-year results
French energy and transport company Alstom said Wednesday net profit dropped 62 percent in its 2010-2011 fiscal year due to restructuring costs- but that robust demand from emerging markets boosted the ... ...Wed 4th May 2011 - 09:10am
Ferragamo planning to list 25 percent of capital- source
Italian fashion and luxury goods firm Salvatore Ferragamo is planning to list up to 25 percent of its capital on the Milan stock exchange before the summer- an informed source told AFP on Wednesday.The ... ...Wed 4th May 2011 - 09:02am
FMG loses fight for access to rail line
The Fortescue Metals Group has lost a seven year court battle over rail line access in Western Australias Pilbara region. The Australian Competition Tribunal last year declared Rios Robe River ... ...Wed 4th May 2011 - 09:00am
BMW Q1 profit rises to A1.64 billion
German luxury carmaker BMW reported that first-quarter net profit rose almost fourfold to 1.21 billion euros A1.64 billion as sales climbed all around the world- particularly in China.Profits were up ... ...Wed 4th May 2011 - 08:52am
Russia orders arrest of Western investment fund worker
A Moscow court on Wednesday ordered the arrest of a Russian executive at a top Western investment fund- now living in London- after his colleague Sergei Magnitsky died in jail awaiting trial.The Tverskoy ... ...Wed 4th May 2011 - 08:38am
Alstom net profit plunged 62 percent in full-year results
French energy and transport company Alstom said Wednesday net profit dropped 62 percent in its 2010-2011 fiscal year due to restructuring costs- but that robust demand from emerging markets boosted the ... ...Wed 4th May 2011 - 08:36am
Deutsche Bank says hit by another US lawsuit
German giant Deutsche Bank said Wednesday it had been hit by another lawsuit in the United States over property loans- a day after the US Justice Department sued it for 1 billion for mortgage fraud.The ... ...Wed 4th May 2011 - 08:33am
Portugal third eurozone economy on lifeline
Portugal is now the third eurozone country to take up rescue crutches- with the opposition signalling Wednesday it will go along with a 78-billion-euro EU-IMF deal to avoid debt default.The government ... ...Wed 4th May 2011 - 08:32am
AOL net profit down- display ad revenue increases
AOLs quarterly net profit fell sharply but the Internet company pointed to an increase in display advertising revenue as evidence that its turnaround plan is beginning to pay off.AOL- which bought ... ...Wed 4th May 2011 - 07:43am
Banks drag down market
The local share market extended yesterdays losses- with banking shares doing the bulk of the damage today.The All Ordinaries Index fell 41 points to 4-814 and the ASX 200 ended the day down almost ... ...Wed 4th May 2011 - 07:32am
FMG loses fight for access to rail line
The Fortescue Metals Group has lost a seven year court battle over rail line access in Western Australias Pilbara region. The Australian Competition Tribunal last year declared Rios Robe River ... ...Wed 4th May 2011 - 07:28am
FMG loses fight for access to rail line
The Fortescue Metals Group has lost a seven year court battle over rail line access in Western Australias Pilbara region. The Australian Competition Tribunal last year declared Rios Robe River ... ...Wed 4th May 2011 - 07:23am
Australia shares wilt on banks slower growth outlooks
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares wilt on banks slower growth outlooks ...Wed 4th May 2011 - 07:12am
BNP Paribas reports profits up 14.6- shares rise
BNP Paribas announced a 14.6-percent rise in net profit to 2.61 billion euros 3.86 billion- in its first-quarter results on Wednesday.The results had occurred against a backcloth of an improved ... ...Wed 4th May 2011 - 07:11am
Euro briefly bounces above 1.49
The euro briefly soared above 1.49 Wednesday to a 16-month dollar high- lifted by weaker-than-expected US economic data- Portugals bailout and jitters on the eve of a eurozone interest rate decision.At ... ...Wed 4th May 2011 - 07:10am
Last ACT Angus and Robertson store to close
Canberras final Angus and Robertson book store will close within the next month. The national retail REDgroup went into administration earlier this year blaming a slump in sales and competition from ... ...Wed 4th May 2011 - 07:08am
Glencore draws big investors for years biggest IPO
Commodities giant Glencore said on Wednesday that it has already attracted big investment- as it took the long awaited step of setting a price for the worlds biggest initial public offering so far ... ...Wed 4th May 2011 - 07:03am
CCA profit growth to halve- shares fall
Coca-Cola Amatil Ltd expects first-half earnings growth to halve from previous years- prompting the beverage makers shares to slump to the lowest in a month.The company forecasts net profit will rise ... ...Wed 4th May 2011 - 06:54am
High dollar flattens Coke profits
Coca-Cola Amatil says the high Australian dollar is wiping between 1-2 percentage points off its first-half profit growth- which is now forecast at 5 per cent.The company says the soaring Australian dollar ... ...Wed 4th May 2011 - 06:45am
Westpac H1 profit up 38 to 3.96bn
Westpac Banking Corporation has increased first half profit by 38 per cent but says funding costs will continue to rise well into 2012.Westpacs net profit rose to 3.961 billion for the six months ... ...Wed 4th May 2011 - 06:32am
Australia shares end down 0.9
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares end down 0.9 ...Wed 4th May 2011 - 06:28am
Renren shares soar on Wall Street debut
Shares in Renren surged Wednesday as the social network seen as Chinas answer to Facebook made its debut on Wall Street.Renren- which is trading under the symbol RENN- is seeking to raise ... ...Wed 4th May 2011 - 06:27am
Coal price to boost Macarthur FY profit
Macarthur Coal Ltd says record metallurgical coal prices will substantially boost its annual net profit- more than offsetting lower full year production.Shares in the coal miner were down 32 cents- or ... ...Wed 4th May 2011 - 06:25am
Virgin pins hopes on a stylish rebrand
High-flying entrepreneur Sir Richard Branson is banking on a stylish new brand name to return Virgin Blue Holdings Ltd to profitability.Virgin Australia will replace the groups three brands - Virgin ... ...Wed 4th May 2011 - 06:25am
Volatile capital flows a threat- G20 chair France
Volatile flows of external capital that have poured into Asia are a hurdle to economic stability- Frances finance minister said Wednesday- calling for an agreement on how to deal with them.What ... ...Wed 4th May 2011 - 06:11am
New house sales climb- unit sales slump
The Housing Industry Association says steady interest rates probably drove a rise in new home sales in March.HIA figures show the number of new homes sold increased by 4.3 per cent from February to March.A ... ...Wed 4th May 2011 - 06:06am
US private-sector employment slows
The US private sector added a modest 179-000 jobs in April as the labor market slowly recovers from a steep slump- a report showed Wednesday ahead of the governments monthly employment numbers.Payrolls ... ...Wed 4th May 2011 - 06:00am
Westpac bullish on Aussie economy
Westpac has delivered an upbeat assessment of the Australian economy and a positive outlook for consumers- in contrast to comments from rival ANZ a day earlier.Westpac chief executive Gail Kelly on Wednesday ... ...Wed 4th May 2011 - 05:58am
Population boom increasing global food crisis
The United Nations says the worlds population is growing faster than expected and predicts it will hit seven billion by the end of this year.It warns there are particular risks for Africa- where the ... ...Wed 4th May 2011 - 05:53am
Population boom increasing global food crisis
The United Nations says the worlds population is growing faster than expected and predicts it will hit seven billion by the end of this year.It warns there are particular risks for Africa- where the ... ...Wed 4th May 2011 - 05:41am
Legislation to protect Margaret Rivers status
The Premier Colin Barnett says proposed legislation to protect the Margaret River region from coal mining could extend to banning other development proposals. This week- the Environmental Protection Authority ... ...Wed 4th May 2011 - 05:37am
Westpac bullish on Aussie economy
Westpac has delivered an upbeat assessment of the Australian economy and a positive outlook for consumers- in contrast to comments from rival ANZ a day earlier.Westpac chief executive Gail Kelly on Wednesday ... ...Wed 4th May 2011 - 05:36am
Call for quick repairs to NT roads
The Northern Territory Road Transport Association says it is imperative the Government repairs major highways that were damaged during the biggest wet season on record in the territory.The Government says ... ...Wed 4th May 2011 - 05:19am
Westpac profit threatened by consumer- housing caution
Westpac has posted a record half-year profit- but analysts are questioning whether its earnings growth is sustainable in a soft housing market.The bank posted a record half-year statutory profit of 3.96 ... ...Wed 4th May 2011 - 05:14am
Westpac profit threatened by consumer- housing caution
Westpac has posted a record half-year profit- but analysts are questioning whether its earnings growth is sustainable in a soft housing market.The bank posted a record half-year statutory profit of 3.96 ... ...Wed 4th May 2011 - 05:13am
Coal price to boost Macarthur FY profit
Macarthur Coal Ltd says record metallurgical coal prices will substantially boost its annual net profit- more than offsetting lower full year production.Shares in the coal miner were down 33 cents- or ... ...Wed 4th May 2011 - 04:56am
EU-IMF rescue deal for Portugal hangs on terms
Portugal is now the third eurozone country to take up rescue crutches- with the opposition signalling Wednesday it will go along with a 78-billion-euro EU-IMF deal to avoid debt default.The government ... ...Wed 4th May 2011 - 04:56am
Qantas March passengers grow 4.8
Qantas Airways Ltd says passenger numbers in March grew 4.8 per cent to 3.74 million as travel in the month was hit by the Christchurch and Japanese earthquakes.Revenue passenger kilometres for March grew ... ...Wed 4th May 2011 - 04:54am
House sales hit 20-year low
House sales in Tasmania have slumped to a 20-year low.The Real Estate Institute of Tasmania says sales in the March quarter are 20 per cent lower than the same time last year.The Institutes Adrian ... ...Wed 4th May 2011 - 04:43am
House sales slump to 20-year low
House sales in Tasmania have hit a 20-year low.The Real Estate Institute of Tasmania says sales in the March quarter are 20 per cent lower than the same time last year.The Institutes Adrian Kelly ... ...Wed 4th May 2011 - 04:36am
Licence to trade for alternative stock exchange
The Federal Government has granted a licence to Chi-X to operate as an alternative securities exchange- competing with the ASX.The Government had already given in-principle approval to Chi-X in March last ... ...Wed 4th May 2011 - 04:32am
US firms post lackluster jobs growth
US businesses added jobs at a weaker-than-expected pace in April as the job market struggles to recover from a steep slump- according to a key private report published Wednesday.Payrolls firm ADP said ... ...Wed 4th May 2011 - 04:23am
Euro strikes new 16-month peak after US data
The euro soared Wednesday to a 16-month dollar high- lifted by weaker-than-expected US economic data- Portugals bailout and jitters on the eve of a eurozone interest rate decision.At about 1400 GMT- ... ...Wed 4th May 2011 - 04:23am
FMG loses fight for access to rail line
Fortescue Metals has lost its fight in the Federal Court to overturn the Competition Tribunals ruling that kept it from using a Rio Tinto-owned rail line in Western Australia. It ends a seven year ... ...Wed 4th May 2011 - 04:19am
FMG loses fight for access to rail line
Fortescue Metals has lost its fight in the Federal Court to overturn the Competition Tribunals ruling that kept it from using a Rio Tinto-owned rail line in Western Australia. It ends a seven year ... ...Wed 4th May 2011 - 04:12am
US firms post lackluster jobs growth
US businesses added jobs at a weaker-than-expected pace in April as the job market struggles to recover from a steep slump- according to a key private report published Wednesday.Payrolls firm ADP said ... ...Wed 4th May 2011 - 03:57am
US firms post lackluster jobs growth
US businesses added jobs at a weaker-than-expected pace in April as the job market struggles to recover from a steep slump- according to a key private report published Wednesday.Payrolls firm ADP said ... ...Wed 4th May 2011 - 03:47am
Portugal reaches 78b euro bailout deal
Portugal has reached a deal on a joint bail out from the European Union and the International Monetary Fund. The countrys caretaker prime minister Jose Socrates has announced the deal is worth 78 ... ...Wed 4th May 2011 - 03:39am
Virgin Blue no more
Budget airline Virgin Blue will now be known as Virgin Australia under a massive re-branding of the airlines Australian operation.V-Australia and Pacific Blue will also come under the new banner- ... ...Wed 4th May 2011 - 03:25am
EU-IMF rescue deal for Portugal hangs on terms
Portugal is now the third eurozone debt rescue case- with an EU-IMF bailout of 78 billion euros to avoid default- but the conditions as well as the key reaction of opposition parties remain unclear.The ... ...Wed 4th May 2011 - 03:05am
Licence to trade for alternative stock exchange
The Federal Government has granted a licence to Chi-X to operate as an alternative securities exchange- competing with the ASX.The Government had already given in-principle approval to Chi-X in March last ... ...Wed 4th May 2011 - 03:02am
EU-IMF rescue deal for Portugal hangs on terms
Portugal is now the third eurozone debt rescue case- with an EU-IMF bailout of 78 billion euros to avoid default- but the conditions as well as the key reaction of opposition parties remain unclear.The ... ...Wed 4th May 2011 - 02:58am
EU-IMF rescue deal for Portugal hangs on terms
Portugal is now the third eurozone debt rescue case- with an EU-IMF bailout of 78 billion euros to avoid default- but the conditions as well as the key reaction of opposition parties remain unclear.The ... ...Wed 4th May 2011 - 02:43am
US firms post lackluster jobs growth
US businesses added jobs at a weaker-than-expected pace in April as the ailing job market struggles to recover- according to a key private report published Wednesday.Payrolls firm ADP said private companies ... ...Wed 4th May 2011 - 02:41am
Virgin Blue no more
Budget airline Virgin Blue will now be known as Virgin Australia under a massive re-branding of the airlines Australian operation.V-Australia and Pacific Blue will also come under the new banner- ... ...Wed 4th May 2011 - 02:34am
Virgin Blue no more
Budget airline Virgin Blue will now be known as Virgin Australia under a massive re-branding of the airlines Australian operation.V-Australia and Pacific Blue will also come under the new banner- ... ...Wed 4th May 2011 - 02:32am
Virgin Blue no more
Budget airline Virgin Blue will now be known as Virgin Australia under a massive re-branding of the airlines Australian operation.V-Australia and Pacific Blue will also come under the new banner- ... ...Wed 4th May 2011 - 02:24am
Virgin Australia targets business market
Virgin Blue Holdings Ltd has launched the Virgin Australia brand- to eventually replace the existing three brands- as the airline aims to capture a larger slice of the business travel market.Virgin Australia ... ...Wed 4th May 2011 - 02:21am
Australia shares down- Westpac drops after H1
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares down- Westpac drops after H1 ...Wed 4th May 2011 - 02:06am
Market doubts sustainability of Westpacs profit
Westpac has posted a record half-year profit- but analysts are questioning whether its earnings growth is sustainable in a soft housing market.The bank posted a record half-year statutory profit of 3.96 ... ...Wed 4th May 2011 - 01:55am
Sparkling autumn days boost wine stocks
The wine industry has welcomed last weeks fine- sunny weather saying it has come just at the right time.Coal River Valley winemaker Tony Sherer says a challenging summer with wet and cold conditions- ... ...Wed 4th May 2011 - 01:54am
Market doubts sustainability of Westpacs profit
Westpac has posted a record half-year profit- but analysts are questioning whether its earnings growth is sustainable in a soft housing market.The bank posted a record half-year statutory profit of 3.96 ... ...Wed 4th May 2011 - 01:47am
Coca-Cola Amatil H1 profit to grow 5
Coca-Cola Amatil Ltd expects first-half profit to rise five per cent- before significant items- as natural disasters- higher resin prices and the stronger Australian dollar slow earnings growth.The five ... ...Wed 4th May 2011 - 01:27am
Public projects driving ACT investments
Public sector projects are dominating ACT investment with several major engineering projects driving spending. The latest Access Economics report has found the overall value of investment projects underway ... ...Wed 4th May 2011 - 01:10am
Market doubts sustainability of Westpacs profit
Westpac has posted a record half-year profit- but analysts are questioning whether its earnings growth is sustainable in a soft housing market.The bank posted a record half-year statutory profit of 3.96 ... ...Wed 4th May 2011 - 12:57am
Westpac posts record profit
Westpac has posted a record half-year statutory profit of 3.96 billion- with underlying cash earnings up a more modest 7 per cent to 3.17 billion.The banks statutory profit increased 38 per cent ... ...Wed 4th May 2011 - 12:56am
Rail network defended
The states rail operator has rejected claims business is losing confidence in Tasmanias rail network.The Opposition is concerned low confidence in the network will put pressure on roads.In the ... ...Wed 4th May 2011 - 12:55am
Rail network defended
The states rail operator has rejected claims business is losing confidence in Tasmanias rail network.The Opposition is concerned low confidence in the network will put pressure on roads.In the ... ...Wed 4th May 2011 - 12:54am
Scantily clad barmaids a slowly dying tradition
The country pub skimpy barmaid could become a thing of the past with one of the states biggest agencies saying many hotels are abandoning the tradition.For more than 100 years- scantily-clad barmaids ... ...Wed 4th May 2011 - 12:52am
Westpac H1 profit up 38 to 3.96bn
Westpac Banking Corporation has increased first half profit by 38 per cent but says its funding costs continue to rise and are likely to do so well into 2012.Westpacs net profit rose to 3.961 billion ... ...Wed 4th May 2011 - 12:43am
Australia shares nipped on profit growth worries
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares nipped on profit growth worries ...Wed 4th May 2011 - 12:40am
Services expand but industry calls for dollar depreciation
The services sector edged back into growth in April- but industry groups are still calling for the Reserve Bank to take action to lower the Australian dollar.The Australian Industry Group - Commonwealth ... ...Wed 4th May 2011 - 12:40am
Coca-Cola Amatil 1H profit to grow 5
Coca-Cola Amatil Ltd expects first half profit to rise five per cent- before significant items- as natural disasters- higher resin prices and the stronger Australian dollar slow earnings growth.The five ... ...Wed 4th May 2011 - 12:38am
Resource projects fuel Qlds infrastructure investment
A new report on infrastructure spending says investment in Queensland continues to be led by resources projects.The Investment Monitor report from Deloitte Access Economics has found almost a quarter of ... ...Wed 4th May 2011 - 12:34am
Scantily clad barmaids a slowly dying tradition
The country pub skimpy barmaid could become a thing of the past- with one of the states biggest agencies saying many hotels are abandoning the tradition.For more than 100 years- scantily-clad barmaids ... ...Wed 4th May 2011 - 12:21am
Scantily clad barmaids a slowly dying tradition
The country pub skimpy barmaid could become a thing of the past with one of the states biggest agencies saying many hotels are abandoning the tradition.For more than 100 years- scantily-clad barmaids ... ...Wed 4th May 2011 - 12:18am
Scantily clad barmaids a slowly dying tradition
The country pub skimpy barmaid could become a thing of the past- with one of the states biggest agencies saying many hotels are abandoning the tradition.For more than 100 years- scantily-clad barmaids ... ...Wed 4th May 2011 - 12:17am
Resource projects fuel Qlds infrastructure investment
A new report on infrastructure spending says investment in Queensland continues to be led by resources projects.The Investment Monitor report from Deloitte Access Economics has found almost a quarter of ... ...Wed 4th May 2011 - 12:05am
Share ownership on the rise
The number of people owning shares in Australia has increased in the last three years- despite the fall-out from the global financial crisis.A study by the stock market operator has found that 43 per cent ... ...Wed 4th May 2011 - 12:04am
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