Go figure: Soaring mining profits drive ASX lower
Resource companies have driven the standout earnings season on the ASX200. But at the same time, their floundering share prices have held the index back.
Resource companies have driven the standout earnings season on the ASX200. But at the same time, their floundering share prices have held the index back.
Declining output from existing oilfields will more than offset low demand growth resulting in the present oversupply to evaporate over the year ahead, BHP Billiton has forecast.
The surge in the price of gas is threatening a rising number of jobs in the manufacturing sector
Shares posted small losses on the final day of earnings season, as steep falls in the gold sector offset a rally in WorleyParsons.
Legal eagle families, the Galballys and the O'Bryans, have put their prominent William Street office on the market after nearly 50 years.
Shares in WorleyParsons surged to a two-year high after a Dubai-based consulting group emerged with a 13.35 per cent holding and confirmed it had made an indicative bid for the engineering contractor last year but was knocked back.
A home building company that once sponsored the St Kilda Football team has gone into administration with the loss of 90 jobs.
The strong result means Australia is likely to technically avoid a recession.
Shares slide on the final day of reporting season amid caution ahead of Trump's big speech tomorrow, while WorleyParsons shares surge after a Dubai investor takes a stake.
At Bellamy’s EGM, shareholder Jan Cameron blames a sudden price increase in November 2015 for the company’s downfall.
A yawning growth gap has opened between our inner-cities and the rest
Apparel retailer the Specialty Fashion Group says it is uncertain whether a takeover offer it received from Middle Eastern investment company Al Alfia will go ahead.
Retail queen Jan Cameron has failed in her bid to join the board of troubled baby formula marketer Bellamy's Australia, but has succeeded in turfing out existing directors and getting her associates appointed.
Harvey Norman's $2.6 billion property portfolio continues to underpin the group's profitability, generating a $75.74 million value uplift and another $71 million in income.
An appeal against a multimillion dollar tax bill owed by multinational oil giant Chevron is taking place, and will have global implications for the way tax paid by large companies is assessed.
Just as quickly as the fortunes of La La Land and Moonlight changed, PwC, one of the so-called Big Four accounting firms, had a major brand crisis on its hands.
You don't have to actually work for Rupert Murdoch to make a fortune. Just ask News Corp's retiring chief financial officer, Bedi Singh. He will make $US10m over the next three years from drawing his base salary and bonuses despite walking out the door for the last time this Wednesday.
We've been calling these products 'milk' for decades. Will we have to stop?
Anonymous rogue websites continue to create legal headaches for Seven West Media with a new page registered over the weekend repeating allegations about chief executive Tim Worner and former Seven employees.Â
Runaway property prices and blistering summer weather helped drive furniture and whitegoods retailer Harvey Norman's profits 39 per cent higher to $257.29 million.
Former NSW premier Mike Baird is joining National Australia Bank as chief customer officer for the lender's corporate and institutional banking unit.
Online clothing and sports equipment retailer Surfstitch has narrowed its half-year loss to $8.3 million from $14.5 million a year earlier.
Spotless shares hit a record low after the cleaning and catering company signalled smaller dividends following a writedown-heavy $358 million half-year loss.
It's hard to believe that there aren't plenty of executives around town sweating a little more profusely this week as they delete their text messages and rethink the merits of any secret romantic trysts with their staff.
Forget the banks, they're relative amateurs. If you want outrage, check out the private health insurance rip-off as demonstrated by NIB and Medibank.
US stocks ended slightly higher to start the week and the Dow hit a record high close for a 12th straight session.
Gold fell after tapping a 3-1/2-month high as US Treasury yields rose and investors waited for US President Donald Trump.
The difficulty is trying to figure out if US equities and global equities for that matter, are too expensive.
BHP Billiton and striking workers at its Escondida copper mine have differing views on the state of play.
Hedge funds have never been so confident that the price of US oil will eventually rally as the current global glut clears.
Revised AANA guidelines require social media influencers to reveal payments.
An online store selling mountain bike accessories was experiencing financial trouble. But a financial detox turned the business's finances around within six months. Here's how.
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.