Business Breaking News
Today
- 1:20PM(AWST)
Village Roadshow shares dive as debt rises
Village Roadshow shares have slumped to their lowest level in more than four years after the company said it could be forced to sell assets in an effort to cut debt. Read more
- 1:19PM(AWST)
Shares down as Spark, Sky continue losses
New Zealand shares fell on Friday, led lower by Sky Television and Spark, while Auckland International Airport gained after its first-half profit rose 19 per cent. Read more
- 12:46PM(AWST)
Whitehaven to boost debt reduction
Whitehaven Coal plans to use extra cashflow from the recent jump in coal prices to speed up its debt repayments, even as it holds off on shareholder payouts despite a surge in profitability. Read more
- 11:53AM(AWST)
Medibank still losing customers
Australia's biggest private health insurer, Medibank Private, continues to lose customers in its core health insurance business as affordability issues pressure the health cover sector. Read more
- 11:27AM(AWST)
Santos may revive dividend as loss narrows
Santos has flagged the prospect of resuming dividends in 2017 as it looks to benefit from a slow recovery in oil prices and a ramp up of its Gladstone liquefied natural gas plant in Queensland. Read more
- 9:59AM(AWST)
ANZ optimistic as Q1 profit rises 31%
ANZ chief executive Shayne Elliott is optimistic about prospects for the rest of the financial year after the lender lifted its first-quarter cash profit 31 per cent to $2 billion. Read more
- 9:26AM(AWST)
Tea party gains voice in Trump's Cabinet
The tea party wing of the GOP has gained a voice in President Donald Trump's Cabinet with Mick Mulvaney sworn in as director of the White House budget office. Read more
- 8:30AM(AWST)
Link grows first-half earnings
Financial data administrator Link Group has lifted first-half revenue and profit and says it is carrying "good momentum" into its full-year result. Read more
- 8:29AM(AWST)
Virgin hurting from soft market conditions
Virgin Australia's financial performance has been whacked by leisure and corporate travellers tightening their belts. Read more
- 4:03AM(AWST)
Kiwi steady despite positive US news
The New Zealand dollar was little changed and may test new multi-month highs against the greenback as optimism about US President Donald Trump's economic policies starts to wane. Read more
- 4:03AM(AWST)
Kiwi steady despite positive US news
The New Zealand dollar was little changed and may test new multi-month highs against the greenback as optimism about US President Donald Trump's economic policies starts to wane. Read more
- 4:20PM(AWST)
Ten warns of an earnings loss
Ten Network shares have dropped after the broadcaster warned it is facing a full year earnings loss of up to $30 million due to weak ad revenue and rising costs. Read more
- 3:07PM(AWST)
Slater and Gordon reeling from UK fallout
Slater and Gordon shares have hit a fresh all-time low after the law firm flagged falling revenue at its Australian business, with customers heading elsewhere in the wake of the company's problems in the UK. Read more
- 2:24PM(AWST)
Flat wages hurt spending, DJs owner says
The South African retailer that owns David Jones and Country Road says consumer spending in Australia is being suppressed by low wage growth and underemployment. Read more
- 1:31PM(AWST)
Telstra under pressure as revenue slides
Telstra's mobile and fixed broadband operations have been hit by fierce price competition and lower regulated call charges , leading to a worse-than-expected first-half financial performance and a cut in forecast full-year income. Read more