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SGH writes down Seven West stake by $140m

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Kerry Stokes' Seven Group Holdings has slipped to a half-year loss of $41.8 million due to $145 million of write-downs almost entirely related to the value of its stake in Seven West Media.

Monadelphous profit slips 24%

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Engineering firm Monadelphous Group is looking to diversify into new markets such as infrastructure and renewables as revenue from mining and energy customers continues to decline.

Shares open 7pts lower

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The Australian share market has drifted lower in early trade as investors wait on the release of the Reserve Bank's February board meeting minutes.

$A creeps up slightly against $U

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The Australian dollar is up slightly against its US counterpart which has followed bond yields lower amid continued political uncertainty.

Oil up, but swelling US output caps rally

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Oil prices has inched higher, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing US output and stubbornly high stockpiles kept price gains in check.

Shares close 10pts lower

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Australian shares finished lower on Monday, hurt by disappointing earnings results from logistics giant Brambles and engineering group Worley Parsons.

Beach swings to profit after record sales

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Beach Energy has swung to a first-half net profit on the back of record sales volumes and higher oil prices.

WorleyParsons shares plunge on loss

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Engineering and project management firm WorleyParsons says the slump in activity among its customers, which caused revenue to plunge by 35 per cent and pushed the company to a first-half loss, may have bottomed out.

PM aiming for WA GST floor in 2019-20

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Prime Minister Malcolm Turnbull's promise to put a floor on what the states receive as a share of the revenue they raise from GST still stands, although it is still a few years away before it can b

Shares open 14pts lower

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The Australian share market has opened slightly lower as Wesfarmers goes ex-dividend and logistics firm Brambles unveils a weaker-than-expected half-year profit.

$A back below 77 US cents

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The Australian dollar is lower against its US counterpart, slipping back below the 77 US cent mark.

Oil steady, but down for week on glut fear

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Oil prices have ended steady on the day but lower on the week, with US crude notching its first weekly decline in five weeks, as the market weighed rising US drilling and record stockpiles against efforts by major producers to cut output to reduce a global glut.

Gold steady as equities rally loses steam

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Gold prices have eased but have notched a weekly gain as investors opted for the safe-haven qualities of bullion due to uncertainty about US and European politics as well as the direction of stock markets.

Shares close 10pts lower

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Australian shares fell as losses across healthcare, resource and energy companies offset gains in some banking and real estate stocks amid another batch of company earnings results.

ANZ optimistic as profit rises

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ANZ Banking Group 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.

Santos halves loss, cuts debt

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Oil and gas producer Santos has halved its full-year loss and cut net debt as it continues to restructure and cut costs.

Virgin Australia to start flying to Hong Kong

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Virgin Australia's financial performance has been whacked by leisure and corporate travellers tightening their belts.

Medibank profit up but core business slows

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Medibank Private has lifted half-year profit 1.9 per cent to $231.9 million as higher investment income offset lower returns from its core health insurance business.

Shares open 4pts lower

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The Australian share market has opened flat, as strength in the industrials and IT sectors bolsters local shares against falls on Wall Street overnight.

$A falls back below 77 US cents

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The Australian dollar is lower, dropping back below the 77 US cent mark, despite the US dollar weakening against a basket of currencies.

Gold up on $US fall, political uncertainty

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Gold has risen as the US dollar has weakened following a 10-day winning streak and investors take the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe.

Market closes up 7.2pts

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A big drop in Telstra shares following a disappointing half-year profit result has weighed upon a relatively flat Australian share market in another busy day of company earnings reports.

Telstra under pressure as revenue slides

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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

WA unemployment down, but worst in nation

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Western Australia's unemployment rate fell 0.1 percentage points in January to be 6.5 per cent in seasonally adjusted terms, although the state now has the worst unemployment rate in the nation.

South32 buoyed by cost cuts, higher prices

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Diversified miner South32 has posted a sharp jump in half-year underlying earnings, thanks to ongoing cost reductions and stronger coal and manganese prices.

Wall Street in record-high territory

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Wall Street pushed further into record-high territory, with the S&P 500 notching a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes.

$A higher against $US

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The Australian dollar is higher against its US counterpart and the yen and euro, performing strongly following positive earnings reports.

Oil prices slip after US stockpiles soar

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US crude prices have slipped in choppy trade, even as record high US crude and petrol inventories fed concerns about a glut.

Gold firms despite strong data, rate talk

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Gold has risen as the dollar comes off its highs, shrugging off earlier pressure from stronger-than-forecast US inflation and retail sales that added to expectations for near-term US interest rate rises.

Shares close 53pts higher

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Strong investor demand for financial stocks, thanks to Commonwealth Bank's record first-half profit, has pushed the share market to its highest level since mid-2015.

Liberals promise payroll tax cut if elected

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The WA Liberals have pledged to raise the payroll tax threshold by $50,000 from next year, and have promised not to raise taxes or bring in new ones if re-elected, in contrast with Labor and despite the state's record debt and deficit.

CBA targets investors with rate hike

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Commonwealth Bank of Australia is lifting some of its mortgage rates as it tries to rein in stubbornly high investor lending growth and keep on the right side of the regulator.