Finance News, Thursday 25th August 2011
BHPs Petrohawk takeover complete
BHP Billiton Ltd has completed its takeover of the US-based Petrohawk Energy Corporation through a short-form merger under Delaware law.The merger is the final step of the acquisition process and follows ... ...Thu 25th August 2011 - 11:58pm
Greens target mobile phone towers
The Australian Greens are moving to give communities more say in the location of new mobile phone towers.Greens Leader Bob Brown says he will introduce legislation into Federal Parliament next month.Senator ... ...Thu 25th August 2011 - 11:53pm
Report predicts carbon price drop
Independent modelling has cast doubt on Federal Government predictions that the carbon price will help fund the development of Australias clean energy industry.The analysis- from Bloomberg New Energy ... ...Thu 25th August 2011 - 11:53pm
Lend Lease FY profit jumps 42.6
Lend Lease Group has increased full year profit by 42.6 per cent as the construction company and property developer says it is well placed to deliver growth despite the global uncertainty.Net profit rose ... ...Thu 25th August 2011 - 11:44pm
Southern Cross newsroom safe
Southern Cross Television says its Tasmanian news division is safe from a company restructure.The company has sacked a Hobart-based production manager and creative director from the production department ... ...Thu 25th August 2011 - 11:36pm
Report predicts carbon price drop
Independent modelling has cast doubt on Federal Government predictions that the carbon price will help fund the development of Australias clean energy industry.The analysis- from Bloomberg New Energy ... ...Thu 25th August 2011 - 11:32pm
Sims Metal Management profit up 52
Sims Metal Management Ltd has increased full year profit by 51.6 per cent- with the metal recycling company saying it is pleased with the result in the face of uncertain global economic conditions.Net ... ...Thu 25th August 2011 - 11:31pm
Lend Lease FY profit jumps 42.6
Lend Lease Group has increased full year profit by 42.6 per cent as the construction company and property developer says it is well placed to deliver growth despite the global uncertainty.Net profit rose ... ...Thu 25th August 2011 - 11:23pm
GPT 1H profit jumps 67
GPT Group has increased first half profit by 67 per cent as the firm says it is on track to be Australias best performing property group.GPT forecast that realised operating income per security would ... ...Thu 25th August 2011 - 11:19pm
ASX appoints Funke Kupper CEO
ASX Ltd has appointed Elmer Funke Kupper as its next chief executive to replace Robert Elstone when he steps down from the top job.ASX Ltd on Friday said Mr Funke Kupper will start his new role on October ... ...Thu 25th August 2011 - 11:16pm
Fairfax reports full year net loss
Fairfax Media Ltd has slumped to a full year net loss after booking more than 600 million of impairment and restructuring charges in fiscal 2011.The diversified publishing house reported a net loss for ... ...Thu 25th August 2011 - 11:15pm
Court adjourns Hutton case
Environmentalist Drew Hutton yesterday appeared in the Chinchilla Magistrates Court in Queenslands southern inland region.Mr Hutton was charged with violating the Petroleum and Gas Act at a anti-coal ... ...Thu 25th August 2011 - 11:13pm
GPT 1H profit jumps 67
GPT Group has increased full year profit by 67 per cent as the firm says it is on track to be Australias best performing property group.GPT forecast that realised operating income per security would ... ...Thu 25th August 2011 - 11:10pm
Buffett invests US5bn in Bank of America
Billionaire Warren Buffett has thrown a lifeline to Bank of America- announcing he will invest US5 billion A4.78 billion in the beleaguered US banking giant- a move that has sent its stock price soaring.Bank ... ...Thu 25th August 2011 - 11:06pm
ASX appoints Funke Kupper CEO
ASX Ltd has appointed Elmer Funke Kupper as its next chief executive to replace Robert Elstone when he steps down from the top job.ASX Ltd on Friday said Mr Funke Kupper will start his new role on October ... ...Thu 25th August 2011 - 11:05pm
Journalists sacked over faked Morcombe reports
Channel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 11:04pm
Australia shares seen lower- eyes on policy makers
MARKETS-AUSTRALIA-STOCKS-Australia shares seen lower- eyes on policy makers ...Thu 25th August 2011 - 11:02pm
Fairfax reports full year net loss
Fairfax Media Ltd has slumped to a full year net loss after booking more than 600 million of impairment and restructuring charges in fiscal 2011.The diversified publishing house reported a net loss for ... ...Thu 25th August 2011 - 10:51pm
Sims Metal Management profit up 52
Sims Metal Management Ltd has increased full year profit by 51.6 per cent- with the metal recycling company saying it is pleased with the result in the face of uncertain global economic conditions.Net ... ...Thu 25th August 2011 - 10:50pm
Journalists sacked over faked Morcombe reports
hannel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 10:45pm
Journalists sacked over faked Morcombe reports
Channel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 10:25pm
Aussie -amp NZ dlrs softer ahead of RBA- Fed
MARKETS-AUSTRALIA-FOREX UPDATE2-Aussie -amp NZ dlrs softer ahead of RBA- Fed ...Thu 25th August 2011 - 10:19pm
Proserpine Sugar rejects 120m takeover bid
The board of Proserpine Sugar says it cannot accept a 120 million takeover bid by Tully Sugar in north Queensland.The Proserpine board met shareholders yesterday- after the offer from the COFCO subsidiary.Proserpine ... ...Thu 25th August 2011 - 10:14pm
200m tourism development goes into receivership
The Queensland Government says there was nothing it could do to prevent one of the biggest tourism developments at Airlie Beach- in the Whitsundays region of the states north- from going into receivership.Administrators ... ...Thu 25th August 2011 - 10:01pm
Journalists sacked over faked Morcombe reports
Channel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 10:00pm
Iraqi ambassador impressed by Adelaide
Potential business and trade relationships between South Australia and Iraq are being discussed during an Australian visit by the Iraqi Ambassador.Mouayed Saleh says Iraq faces similar climatic challenges ... ...Thu 25th August 2011 - 09:55pm
Journalists sacked over faked Morcombe reports
Channel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 09:16pm
Journalists sacked over faked Morcombe reports
Channel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 09:01pm
Buffett to sink 5b into Bank of America
Billionaire Warren Buffetts Berkshire Hathaway will buy US5 billion 4.7 billion in preferred shares of beleaguered US banking giant Bank of America- the bank said on Thursday.Bank of America ... ...Thu 25th August 2011 - 08:38pm
C9 journalists sacked over faked Morcombe reports
Channel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 08:37pm
C9 journalists sacked over faked Morcombe report
Channel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 08:33pm
C9 journalists sacked over faked Morcombe report
Channel Nines director of news in Brisbane has resigned and three journalists have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters ... ...Thu 25th August 2011 - 08:00pm
C9 journalists sacked over faked Morcombe report
Channel Nines director of news in Brisbane has resigned and three employees have been sacked for faking reports about the search for Daniel Morcombes remains.On separate days- two reporters filed ... ...Thu 25th August 2011 - 07:50pm
C9 journalists sacked over faked Morcombe report
Channel Nines director of news in Brisbane has resigned and three employees have been sacked over the fake live helicopter crosses aired by the station last week.On separate days- two reporters filed ... ...Thu 25th August 2011 - 07:32pm
Unions pressure Labor for steel protection
The debate is intensifying inside Federal Labor over the plight of the manufacturing sector.Unions and some Labor MPs are still agitating for the Government to make sure that mining companies buy more ... ...Thu 25th August 2011 - 07:30pm
Buffet to sink 5b into Bank of America
Billionaire Warren Buffetts Berkshire Hathaway will buy US5 billion 4.7 billion in preferred shares of beleaguered US banking giant Bank of America- the bank said on Thursday.Bank of America ... ...Thu 25th August 2011 - 07:26pm
C9 journalists sacked over faked Morcombe report
Channel Nines director of news in Brisbane has resigned and three employees have been sacked over the fake live helicopter crosses aired by the station last week.On separate days- two reporters filed ... ...Thu 25th August 2011 - 07:26pm
Reporters- producer sacked over fake chopper crosses
The director of news for Channel Nine in Brisbane has resigned- and three employees have been sacked over the fake-live crosses from helicopters the station aired last weekend.On separate days- two reporters ... ...Thu 25th August 2011 - 05:07pm
Buffett invests US5bn in Bank of America
Billionaire Warren Buffett has thrown a lifeline to Bank of America- announcing he will invest US5 billion A4.78 billion in the beleaguered US banking giant- a move that has sent its stock price soaring.Bank ... ...Thu 25th August 2011 - 03:20pm
Buffet to sink 5b into Bank of America
Billionaire Warren Buffetts Berkshire Hathaway will buy US5 billion 4.7 billion in preferred shares of beleaguered US banking giant Bank of America- the bank said on Thursday.Bank of America ... ...Thu 25th August 2011 - 03:17pm
Japan consumer prices up 0.1 in July
Japans core consumer prices rose 0.1 percent in July from a year earlier- beating market expectations of a 0.1 percent fall- government data showed Friday.The core consumer price index- which excludes ... ...Thu 25th August 2011 - 02:06pm
Pandora net loss widens but revenue up sharply
Internet radio company Pandora on Thursday posted its first quarterly earnings since going public- reporting a wider net loss but revenue that more than doubled on solid advertising growth.The Oakland- ... ...Thu 25th August 2011 - 12:49pm
Road rage directed at truckie protest
A protest by truck drivers has paralysed traffic in Sydneys west- with angry motorists tipping scorn on the actionUp to 300 members of the Transport Workers Union sat down this morning in the middle ... ...Thu 25th August 2011 - 12:15pm
Apple shares fall slightly after Jobs resignation
Apple shares fell only slightly on Wall Street on Thursday as investors digested the stunning announcement of the resignation of the companys co-founder and visionary Steve Jobs.Shares in the Cupertino- ... ...Thu 25th August 2011 - 11:51am
Buffett to invest 5 billion in Bank of America
Billionaire Warren Buffett threw a lifeline to Bank of America on Thursday- announcing he would invest 5 billion in the beleaguered US banking giant- a move that sent its stock price soaring.Bank ... ...Thu 25th August 2011 - 11:25am
US govt recovers nearly 900 mn in TARP bailout
The US Treasury said Thursday it had recovered nearly 900 million during the first six months of the year in taxpayer money used to bail out the banking system during the financial crisis.The Treasury ... ...Thu 25th August 2011 - 11:14am
Unions pressure Labor for steel protection
The debate is intensifying inside Federal Labor over the plight of the manufacturing sector.Unions and some Labor MPs are still agitating for the Government to make sure that mining companies buy more ... ...Thu 25th August 2011 - 11:07am
WA misses out on fly-in- fly-out inquiry place
The Chamber of Minerals and Energy of Western Australia says it is surprised there is no WA representative on a federal parliamentary committee looking into Australias fly-in- fly out FIFO workforce.The ... ...Thu 25th August 2011 - 10:37am
AMD taps Lenovo executive as new CEO
Semiconductor maker Advanced Micro Devices on Thursday said it had picked an executive who oversaw the global expansion of Chinese computer giant Lenovo to lead the US company.Rory Read- 49- was appointed ... ...Thu 25th August 2011 - 10:06am
Oil prices rise on eve of Bernanke speech
World oil prices rose modestly on Thursday as traders awaited a major speech by US Federal Reserve chief Ben Bernanke and the arrival of Hurricane Irene on the United Statess east coast.New Yorks ... ...Thu 25th August 2011 - 09:49am
JPMorgan fined for contravening Iran- Cuba sanctions
JPMorgan Chase Bank has been fined 88.3 million for contravening US sanctions against regimes in Iran- Cuba and Sudan- and the former Liberian government- the US Treasury Department announced Thursday.The ... ...Thu 25th August 2011 - 09:48am
Tiger resumes Melbourne-Gold Coast flights
Tiger Airways Australia will resume flights between Melbourne and the Gold Coast next week.Its the third route the airline has started flying again after its six-week grounding ended earlier this ... ...Thu 25th August 2011 - 09:48am
JPMorgan fined for breaking US sanctions on Cuba- Iran
JPMorgan Chase Bank has been fined 88.3 million for breaking US sanctions against regimes in Iran- Cuba and Sudan- and the former regime in Liberia- the US Treasury Department announced Thursday.The Treasury ... ...Thu 25th August 2011 - 09:42am
Aristocrat 1H profit down 49.5 per cent
Aristocrats first half profit declined by 49.5 per cent as the gaming machine maker was hit by the strong Australian dollar- higher interest costs and generally weak global market conditions.Still- ... ...Thu 25th August 2011 - 09:25am
Cook vows to stay true to Apple core
Tim Cook began his first day as Apple chief executive on Thursday by assuring employees that he will stick to the winning ways of his legendary predecessor Steve Jobs.I want you to be confident that ... ...Thu 25th August 2011 - 08:55am
Seven Group says WesTrac on target
Seven Group Holdings SGH says the financial performance of caterpillar franchise operator WesTrac has exceeded targets issued when the company was folded into the group in April 2010.SGH was formed after ... ...Thu 25th August 2011 - 08:40am
Gold- copper prices boost PanAust profit
PanAust says its cashed up to pursue acquisitions but has downgraded its full year earnings forecast.This follows a 45 per cent jump in first half net profit due to higher gold and copper prices.Net ... ...Thu 25th August 2011 - 08:38am
Gunns posts 355.5m full year loss
Timber company Gunns Ltd has posted a 355.5 million full year loss- which its chairman says reflects a business in transition.The loss for the 12 months to June 30 is substantially down from ... ...Thu 25th August 2011 - 08:29am
Toll FY profit up 1- conditions stabilise
Transport group Toll Holdings says conditions for the firm have stabilised- although the outlook remains challenging given its relatively flat profit result.Net profit rose one per cent to 281 million ... ...Thu 25th August 2011 - 08:24am
Seven Group says WesTrac on target
Seven Group Holdings SGH says the financial performance of caterpillar franchise operator WesTrac has exceeded targets issued when the company was folded into the group in April 2010.SGH was formed after ... ...Thu 25th August 2011 - 08:22am
Bloomberg buying publisher BNA for 990 million
US financial news agency Bloomberg announced Thursday that it is acquiring specialty publisher BNA in a deal valued at nearly 1 billion dollars.Bloomberg said it had reached agreement with BNA- which ... ...Thu 25th August 2011 - 08:22am
Cook vows to stay true to Apple core
Tim Cook began his first day as Apple chief executive on Thursday by assuring employees that he will stick to the winning ways of his legendary predecessor Steve Jobs.I want you to be confident that ... ...Thu 25th August 2011 - 08:21am
Transfield posts 19.7m loss in FY11
Shares in Transfield Services have plunged to a two-year low after the company fell out of profitability to post a full year loss of 19.73 million.Shares in Transfield plunged 66 cents- or 22.3 per cent- ... ...Thu 25th August 2011 - 08:19am
Fairfax metros under the spotlight
The performance of Fairfax Medias metropolitan mastheads is expected to be under the spotlight when the diversified publishing house presents full year earnings on Friday.Global economic woes abroad- ... ...Thu 25th August 2011 - 08:17am
Oil companies lead market higher
The local share market finished higher this afternoon- led by the big oil companies.The All Ordinaries Index gained 44 points to close at 4- 280.The ASX 200 finished the day 45 points higher at 4-212.A ... ...Thu 25th August 2011 - 08:15am
Buffett to invest 5 billion in Bank of America
Billionaire Warren Buffett threw a lifeline to Bank of America on Thursday- announcing he would invest 5 billion in the beleaguered US banking giant- a move that sent its stock price soaring.Bank ... ...Thu 25th August 2011 - 07:56am
Madoff- insider trading rife on Wall Street
Bernard Madoff- who ran one of the biggest Wall Street frauds in history- says that many of his former colleagues in the financial industry are also crooks.In a prison interview with Fox Business Network ... ...Thu 25th August 2011 - 07:51am
Leighton pins turnaround hopes on 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 unanimous ... ...Thu 25th August 2011 - 07:40am
Virgin CEO upbeat despite full year loss
Virgin Australia chief executive John Borghetti says there are plenty of reasons to be upbeat about the year ahead- despite the airline slumping to a full year loss during 2010-11.Australias number ... ...Thu 25th August 2011 - 07:37am
Consumers have stopped dead- Woolworths
Woolworths expects tough times for retailers are here to stay as consumers have stopped dead- leading to the supermarket giants own anaemic trading for July and August.Australias ... ...Thu 25th August 2011 - 07:34am
European countries extend short-selling ban
Several European countries announced Thursday they were extending their bans on short-selling stocks imposed two weeks ago amid a spike in speculative trading.France- Spain and Italy decided to extend ... ...Thu 25th August 2011 - 07:22am
Libs urge Govt to come clean on mill permit
It has been revealed the Tasmanian Government has known for almost two years that construction permits for Gunns pulp mill needed clarification.Documents obtained by the Opposition show senior bureaucrats ... ...Thu 25th August 2011 - 07:19am
Australia shares up ahead of policy maker speeches
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares up ahead of policy maker speeches ...Thu 25th August 2011 - 07:19am
Euro slips against dollar before Bernanke speech
The euro slipped against the dollar as markets remained cautious on the eve of US growth data and a key speech on the economy by Federal Reserve chairman Ben Bernanke.In London deals- the euro slid to ... ...Thu 25th August 2011 - 07:08am
Oil prices mixed as traders wait on Bernanke- data
World oil prices were mixed on Thursday ahead of fresh US data and a crucial speech by Federal Reserve chief Ben Bernanke- analysts said.Brent North Sea crude for October delivery firmed 55 cents to 110.70 ... ...Thu 25th August 2011 - 07:04am
Greece may get loan tranche end-Sept- IMF
The International Monetary Fund said Thursday that Greece may get the next tranche of its bailout financing by end-September- depending on its progress under the program.The IMF executive board could ... ...Thu 25th August 2011 - 07:01am
European equities slide on eve of Bernanke speech
European stock markets fell Thursday- following Wall Streets lead- as a rally on expectations that the US Federal Reserve could unveil new economy-boosting plans finally lost steam.Disappointing US ... ...Thu 25th August 2011 - 06:59am
Steve Jobs resigns as Apple CEO
The stock market will grapple on Thursday with what to make of Apples future now that legendary co-founder Steve Jobs has stepped down from the helm. The culture-changing California companys ... ...Thu 25th August 2011 - 06:57am
Tatts confident going into 2012
Gambling firm Tatts Group is confident going into the 2012 financial year- with integration of its NSW Lotteries business ahead of plan.Tatts on Thursday reported a net profit of 275.4 million for the ... ...Thu 25th August 2011 - 06:55am
Maiden profit- dividend for Atlas Iron
Expanding iron ore miner Atlas Iron has posted its maiden annual net profit after a near four-fold jump in export volumes and will pay its first dividend.Net profit for the year to June 30 was 169 million- ... ...Thu 25th August 2011 - 06:54am
MAp posts first half loss
Lower valuations of soon-to-be offloaded European airports have led to a first half loss of 273.5 million for Sydney Airport owner MAp Group.MAps loss for the six months to June 30 compares to a ... ...Thu 25th August 2011 - 06:51am
IAG to cover costs with premium hikes
Insurance Australia Group IAG has forecast higher insurance margins this financial year as bigger costs brought on by natural disasters are covered by premium rises.Despite being one of the worst years ... ...Thu 25th August 2011 - 06:45am
AGL wants to raise electricity prices
Beleaguered electricity customers could be in for another price rise after AGL Energy said it wanted to bolster margins.Chief financial officer Stephen Mikkelsen said the energy distributor had endured ... ...Thu 25th August 2011 - 06:41am
Steve Jobs resigns as Apple CEO
The stock market will grapple on Thursday with what to make of Apples future now that legendary co-founder Steve Jobs has stepped down from the helm. The culture-changing California companys ... ...Thu 25th August 2011 - 06:38am
Crown feels the competition from Singapore
Crown Ltd says it is feeling the effect of competition from new casinos in Singapore- but may be in a better position when extensive refurbishments of its Melbourne and Perth casinos are completed.We ... ...Thu 25th August 2011 - 06:31am
Australia shares up 1.1 pct on banks- miners
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares up 1.1 pct on banks- miners ...Thu 25th August 2011 - 06:19am
Aussie -amp NZ dlrs drift off- await RBA chief
MARKETS-AUSTRALIA-FOREX UPDATE2-Aussie -amp NZ dlrs drift off- await RBA chief ...Thu 25th August 2011 - 06:12am
IAG nearly triples full year profit
Insurance Australia Group Ltd has nearly tripled its full year profit to 250 million and the owner of NRMA and CGU expects insurance margin growth in the year ahead.The net profit for the 12 months to ... ...Thu 25th August 2011 - 06:05am
Community divided over mining money
New figures show that the states biggest resource companies donated almost 90 million to northern charities and community groups in the past year.Woodside- BHP Billiton and Rio Tinto spent 90 million ... ...Thu 25th August 2011 - 05:57am
ACCC defeat marks end of Franklins Supermarkets
The Franklins Supermarket chain is soon to be no more- after a Federal Court judgement against the national competition watchdog.The court has dismissed proceedings brought by the Australian Competition ... ...Thu 25th August 2011 - 05:54am
Captain Cook Cruises sold to SeakLink
Captain Cook Cruises is being sold for an undisclosed sum to SeaLink Travel Group- which operates a ferry service south of Adelaide.The sale includes 15 Sydney Harbour craft but not Captain Cooks ... ...Thu 25th August 2011 - 05:50am
Rio Tinto increases stake in Ivanhoe Mines
Rio Tinto has increased its stake in Ivanhoe Mines with a payment of C529.5 million A511.76 million.Under existing arrangements between the two companies- Ivanhoe will issue 27.9 million new shares ... ...Thu 25th August 2011 - 05:50am
Hopes for shipping lifeline
There are moves to lock in a new shipping service from Tasmanias Bell Bay port to Melbourne.The northern port will not have a container shipping service when Agility Shipping completes its last run ... ...Thu 25th August 2011 - 05:42am
Iluka reports first half net profit
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 cents- ... ...Thu 25th August 2011 - 05:32am
Woolworths posts 2.12b profit
Woolworths has reported a modest increase in its annual profit- but says the tough conditions for retailers are set to continue.The retailer has posted a net profit of 2.12 billion in the full year to ... ...Thu 25th August 2011 - 05:31am
Move to ban union boss from worksites
The State Government has moved to permanently ban local union leader Joe McDonald from Western Australian worksites.The Industrial Relations Commission revoked Mr McDonalds right of entry authority ... ...Thu 25th August 2011 - 05:30am
Metcash now free to take over Franklins
The consumer watchdog has suffered a defeat as the Federal Court rejected its bid to prevent Metcash taking over the Franklins chain of supermarkets.Metcash is now poised to acquire Franklins 80 corporate ... ...Thu 25th August 2011 - 05:21am
IOOF delivers 29 profit rise- eyes deals
IOOF Holdings Ltd kept its profit promise to investors- delivering a 29 per cent rise in annual net profit and flagging it is eyeing acquisitions.The wealth manager posted a net profit of 99.5 million ... ...Thu 25th August 2011 - 04:57am
Crown feels the competition from Singapore
Casinos operator Crown Ltd says it is feeling the effect of competition from new casinos in Singapore but may be in a better position when extensive refurbishments of its Melbourne and Perth casinos are ... ...Thu 25th August 2011 - 04:49am
Scratchie case loss a picture of pain
Lotto lovers have been warned the odds might be even more stacked against them than they thought after a Sydney couple were ordered to hand back their 100-000 scratchie ticket winnings.A lawyer for the ... ...Thu 25th August 2011 - 04:49am
Crown feels the competition from Singapore
Casinos operator Crown Ltd says it is feeling the effect of competition from new casinos in Singapore but may be in a better position when extensive refurbishments of its Melbourne and Perth casinos are ... ...Thu 25th August 2011 - 04:10am
Virgin Blue records loss of 67.8 million
Virgin Blue Holdings Ltd has reported a full year loss as the airline expects an improvement in financial performance in 2012.There are early indications of improving earnings in financial year 2012- ... ...Thu 25th August 2011 - 04:03am
WA misses out on fly-in- fly-out inquiry place
The Chamber of Minerals and Energy of Western Australia says it is surprised there is no WA representative on a federal parliamentary committee looking into Australias fly-in- fly out FIFO workforce.The ... ...Thu 25th August 2011 - 04:02am
Woolworths FY profit up 5.1
Woolworths Ltd has increased full year profit by 5.1 per cent as the countrys biggest supermarket chain says its well positioned in all its market segments.Net profit rose to 2.12 billion for ... ...Thu 25th August 2011 - 04:02am
ACCC defeat marks end of Franklins Supermarkets
The Franklins Supermarket chain is soon to be no more- after a Federal Court judgement against the national competition watchdog.The court has dismissed proceedings brought by the Australian Competition ... ...Thu 25th August 2011 - 03:27am
Call for pedicab controls on busy city streets
Darwin City Council is considering introducing a permit system for pedicabs operating in the CBD.About 20 of the three-wheeled pedal cabs have been operating in Darwin this dry season.They are advertised ... ...Thu 25th August 2011 - 03:18am
SeaLink buying Capt Cook Cruises
SeaLink- the operator of the Kangaroo Island ferry service south of Adelaide- has agreed to buy the Captain Cook Cruises business on Sydney Harbour.Captain Cook Cruises runs a fleet of 15 boats on the ... ...Thu 25th August 2011 - 03:14am
Push for control of pedicabs on busy city streets
Darwin City Council is considering introducing a permit system for pedicabs operating in the CBD.About 20 of the three-wheeled pedal cabs have been operating in Darwin this dry season.They are advertised ... ...Thu 25th August 2011 - 03:13am
Road rage directed at truckie protest
A protest by truck drivers has paralysed traffic in Sydneys west- with angry motorists tipping scorn on the actionUp to 300 members of the Transport Workers Union sat down this morning in the middle ... ...Thu 25th August 2011 - 03:12am
Tyrwhitt named new CEO for Leighton
The sudden resignation of the two men at the top of Australias largest contract miner is a disruption Leighton Holdings can ill afford as it battles to return to profitability- analysts say.Construction ... ...Thu 25th August 2011 - 02:58am
Gouger St set to get tram line- Opposition
The Opposition says it has been leaked information that Adelaide will get more city tram lines.The Liberals say Premier Mike Rann is set to announce a 100 million tramline extension along Gouger Street ... ...Thu 25th August 2011 - 02:51am
Gouger St set to get tram line- Opposition
The Opposition says it has been leaked information that Adelaide will get more city tram lines.The Liberals say Premier Mike Rann is set to announce a 100 million tramline extension along Gouger Street ... ...Thu 25th August 2011 - 02:46am
Rock attacks threaten bus routes
An increase in rock-throwing attacks on buses could force the closure of services in Bridgewater and Gagebrook.Metro Tasmania has given its drivers permission to cut short or detour services to avoid the ... ...Thu 25th August 2011 - 02:33am
Gouger St set to get tram line- Opposition
The Opposition says it has been leaked information that Adelaide will get more city tram lines.The Liberals say Premier Mike Rann is set to announce a 100 million tramline extension along Gouger Street ... ...Thu 25th August 2011 - 02:30am
SeaLink buying Capt Cook Cruises
SeaLink- the operator of the Kangaroo Island ferry service south of Adelaide- has agreed to buy the Captain Cook Cruises business on Sydney Harbour.Captain Cook Cruises runs a fleet of 15 boats on the ... ...Thu 25th August 2011 - 02:30am
All food and no play- KFC ditches meal toys
Fast food retailer KFC has begun removing all toys from its childrens meals- in a move welcomed by anti-obesity lobby groups.The fast food retailer will begin eliminating the toys from today and expects ... ...Thu 25th August 2011 - 02:22am
Another defence firm given right to discriminate
A third company involved in defence projects in South Australia has succeeded with an application to the Equal Opportunity Tribunal to let it discriminate based on nationality when hiring and deploying ... ...Thu 25th August 2011 - 02:20am
WA misses out on fly-in- fly-out inquiry place
The Chamber of Minerals and Energy of Western Australia says it is surprised there is no WA representative on a federal parliamentary committee looking into Australias fly-in- fly out FIFO workforce.The ... ...Thu 25th August 2011 - 02:13am
All food and no play- KFC ditches meal toys
Fast food retailer KFC has begun removing all toys from its childrens meals- in a move welcomed by anti-obesity lobby groups.The fast food retailer will begin eliminating the toys from today and expects ... ...Thu 25th August 2011 - 02:08am
All food and no play- KFC ditches meal toys
Fast food retailer KFC has begun removing all toys from its childrens meals- in a move welcomed by anti-obesity lobby groups.The fast food retailer will begin eliminating the toys from today and expects ... ...Thu 25th August 2011 - 02:06am
Scratchie case loss a picture of pain
Lotto lovers have been warned the odds might be even more stacked against them than they thought- after a Sydney couple were ordered to hand back their 100-000 scratchie ticket winnings.The case has prompted ... ...Thu 25th August 2011 - 02:06am
Aussie -amp NZ dlrs under mild pressure- eyes on Fed
MARKETS-AUSTRALIA-FOREX UPDATE1-Aussie -amp NZ dlrs under mild pressure- eyes on Fed ...Thu 25th August 2011 - 02:03am
All food and no play- KFC ditches meal toys
Fast food retailer KFC has begun removing all toys from its childrens meals- in a move welcomed by anti-obesity lobby groups.The fast food retailer will begin eliminating the toys from today and expects ... ...Thu 25th August 2011 - 01:57am
Scratchie case loss a picture of pain
Lotto lovers have been warned the odds might be even more stacked against them than they thought after a Sydney couple were ordered to hand back their 100-000 scratchie ticket winnings.The case has prompted ... ...Thu 25th August 2011 - 01:55am
Atlas posts maiden FY profit and dividend
Atlas Iron Ltd has posted its first annual profit and will pay its first dividend.Atlas Irons net profit for the 12 months to June 30 was 169 million- a turnaround from the 40.8 million loss a year ... ...Thu 25th August 2011 - 01:51am
Virgin Blue records loss of 67.8 million
Virgin Blue Holdings Ltd has reported a full year loss as the airline expects an improvement in financial performance in 2012.There are early indications of improving earnings in financial year 2012- ... ...Thu 25th August 2011 - 01:39am
Atlas posts maiden FY profit and dividend
Atlas Iron Ltd has posted its first annual profit and will pay its first dividend.Atlas Irons net profit for the 12 months to June 30 was 169 million- a turnaround from the 40.8 million loss a year ... ...Thu 25th August 2011 - 01:37am
IOOF FY profit up 29
IOOF Holdings Ltd has increased full year profit by 29 per cent as the wealth manager says it is well positioned to navigate its way through the current challenging times.Net profit rose to 99.5 million ... ...Thu 25th August 2011 - 01:36am
SeaLink buying Capt Cook Cruises
SeaLink- the operator of the Kangaroo Island ferry service south of Adelaide- has agreed to buy the Captain Cook Cruises business on Sydney Harbour.Captain Cook Cruises runs a fleet of 15 boats on the ... ...Thu 25th August 2011 - 01:34am
Libs urge Govt to come clean on mill permit
It has been revealed the Tasmanian Government has known for almost two years that construction permits for Gunns pulp mill needed clarification.Documents obtained by the Opposition show senior bureaucrats ... ...Thu 25th August 2011 - 01:33am
Atlas posts maiden FY profit and dividend
Atlas Iron Ltd has posted its first annual profit and will pay its first dividend.Atlas Irons net profit for the 12 months to June 30 was 169 million- a turnaround from the 40.8 million loss a year ... ...Thu 25th August 2011 - 01:28am
Spanner in Uluru works as mechanical service goes
The only mechanical service at Uluru in the Northern Territory has shut its doors- meaning motorists will have to wait for service from Alice Springs for repairs or be towed.Alice Springs is 450 kilometres ... ...Thu 25th August 2011 - 01:22am
SeaLink buying Capt Cook Cruises
SeaLink- the operator of the Kangaroo Island ferry service south of Adelaide- has agreed to buy the Captain Cook Cruises business on Sydney Harbour.Captain Cook Cruises runs a fleet of 15 boats on the ... ...Thu 25th August 2011 - 01:20am
SeaLink buying Capt Cook Cruises
SeaLink- the operator of the Kangaroo Island ferry service south of Adelaide- has agreed to buy the Captain Cook Cruises business on Sydney Harbour.Captain Cook Cruises runs a fleet of 15 boats on the ... ...Thu 25th August 2011 - 01:14am
Spanner in Uluru works as mechanical service goes
The only mechanical service at Uluru in the Northern Territory has shut its doors- meaning motorists will have to wait for service from Alice Springs for repairs or be towed.Alice Springs is 450 kilometres ... ...Thu 25th August 2011 - 01:10am
Community divided over mining money
New figures show that the states biggest resource companies donated almost 90 million to northern charities and community groups in the past year.Woodside- BHP Billiton and Rio Tinto spent 90 million ... ...Thu 25th August 2011 - 01:09am
SeaLink buying Capt Cook Cruises
SeaLink- the operator of the Kangaroo Island ferry service south of Adelaide- has agreed to buy the Captain Cook Cruises business on Sydney Harbour.Captain Cook Cruises runs a fleet of 16 boats on the ... ...Thu 25th August 2011 - 01:05am
Transfield posts 19.73m loss in FY11
Shares in Transfield Services Ltd have plunged 26 per cent to a two-year low after the company posted a full year loss of 19.73 million.By 1100 AEST- Shares in Transfield plunged 77 cents- or 26 per cent- ... ...Thu 25th August 2011 - 01:05am
Woolworths FY profit up 5.1
Woolworths Ltd has increased full year profit by 5.1 per cent as the countrys biggest supermarket chain says its well positioned in all its market segments.Net profit rose to 2.12 billion for ... ...Thu 25th August 2011 - 12:58am
Aristocrat 1H profit down 49.5
Aristocrat Ltds first half profit declined by 49.5 per cent as the gaming machine maker was hit by the strong Australian dollar- higher interest costs and generally weak global market conditions.Still- ... ...Thu 25th August 2011 - 12:54am
AGL FY profit jumps 57
AGL Energy Ltd has increased full year profit by 57 per cent as the electricity and gas provider expects solid growth from its retail energy business.The company said it would provide specific financial ... ...Thu 25th August 2011 - 12:54am
Bushfire victims satisfied with media treatment
A study has found Black Saturday bushfire survivors who dealt with the media felt the exposure did more good than harm.Researchers from the University of Melbourne interviewed 27 people from eight communities ... ...Thu 25th August 2011 - 12:48am
Woolworths posts 2.12b profit
Woolworths has reported a modest increase in its annual profit- but says the tough conditions for retailers are set to continue.The retailer has posted a net profit of 2.12 billion in the full year to ... ...Thu 25th August 2011 - 12:46am
IAG nearly triples full year profit
Insurance Australia Group Ltd has nearly tripled its full year profit to 250 million and the owner of NRMA and CGU expects insurance margin growth in the year ahead.The net profit for the 12 months to ... ...Thu 25th August 2011 - 12:43am
ACCC defeat marks end of Franklins Supermarkets
The Franklins Supermarket chain is soon to be no more- after a Federal Court judgement against the national competition watchdog.The court has dismissed proceedings brought by the Australian Competition ... ...Thu 25th August 2011 - 12:43am
Metcash now free to take over Franklins
Metcash- Australias largest grocery wholesaler- is poised to acquire Franklins in a 215 million takeover- after a Federal Court judge dismissed the consumer watchdogs case against it.Metcash ... ...Thu 25th August 2011 - 12:41am
Ramsay Health FY profit up 34
Ramsay Health Care Ltd has increased full year profit by 34 per cent as the private hospital operator targets core earnings growth in the current year of 10 to 12 per cent.Shares in Ramsay jumped 1.07- ... ...Thu 25th August 2011 - 12:40am
Union threatens more action in power station dispute
The Queensland Council of Trade Unions QCTU is not ruling out further industrial action at two state-owned power stations in central Queensland.There have been strikes and stoppages at CS Energys ... ...Thu 25th August 2011 - 12:37am
Tatts FY profit more than doubles
Tatts Group Ltd has more than doubled full year profit after the wagering company integrated NSW Lotteries into its business.Net profit rose to 275.4 million for the 12 months to June 30 from 119.4 million ... ...Thu 25th August 2011 - 12:36am
Australia shares up 1.4- Woolworths slides
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares up 1.4- Woolworths slides ...Thu 25th August 2011 - 12:31am
Sugar mill bid offers growers security
Tully Sugar says its bid for the Proserpine Sugar Mill- near Mackay in north Queensland- will give growers greater financial security than a rival offer.The COFCO subsidiary has made a 120 million offer- ... ...Thu 25th August 2011 - 12:29am
Tyrwhitt named new CEO for Leighton
Construction giant Leighton Holdings has unexpectedly appointed a new chief executive- as well as a new chairman- a day after chairman David Mortimer suddenly stood down.Leightons head of its Asian ... ...Thu 25th August 2011 - 12:26am
Iluka reports first half net profit
Iluka Resources has reported a return to profitability in the first half of calendar 2011 and says pricing is expected to be good in the period ahead.Shares in Iluka jumped 1.05- or 6.8 per cent- to 16.55 ... ...Thu 25th August 2011 - 12:19am
Crown FY profit up 15 per cent
Crown Ltd has increased full year profit by 15 per cent- but the casino operator says it has begun to see the impact of soft consumer sentiment.Net profit rose to 335.9 billion for the 12 months to June ... ...Thu 25th August 2011 - 12:18am
Woolworths posts 2b profit
Woolworths has reported a modest increase in its annual profit- but says the tough conditions for retailers are set to continue.The retailer has posted a net profit of 2.12 billion in the full year to ... ...Thu 25th August 2011 - 12:15am
Toll Holdings profit up 1 per cent
Toll Holdings Ltd has increased full year profit by one per cent as the freight delivery company says conditions for the firm have stabilised- although the outlook remains challenging.Net profit rose to ... ...Thu 25th August 2011 - 12:14am
Hutton to front court over gas firm protest
Green campaigner Drew Hutton will face court today over his arrest in March at an anti-mining rally on Queenslands western Darling Downs.Mr Hutton is the chairman of the Lock the Gates alliance- a ... ...Thu 25th August 2011 - 12:14am
Virgin Blue FY loss of 67.8 million
Virgin Blue Holdings Ltd has reported a full year loss as the airline expects an improvement in financial performance in 2012.There are early indications of improving earnings in financial year 2012- ... ...Thu 25th August 2011 - 12:12am
Scratchie case loss a picture of pain
Lotto lovers have been warned the odds might be even more stacked against them than they thought after a Sydney couple were ordered to hand back their 100-000 scratchie ticket winnings.The case has prompted ... ...Thu 25th August 2011 - 12:04am
IOOF FY profit up 29
IOOF Holdings Ltd has increased full year profit by 29 per cent as the wealth manager says it is well positioned to navigate its way through the current challenging times.Net profit rose to 99.5 million ... ...Thu 25th August 2011 - 12:01am
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