News

Qantas set to pay tax after strong result

The Australian share market has posted a modest rise as big gains for Qantas, Crown Resorts and Nine Entertainment were partly offset by big ex-dividend retreats for AGL Energy and Woodside Petroleum.

The Australian share market has opened higher, shrugging off Wall Street's turnaround from strong gains to finish firmly in the red.

Boost to State from economic revival

The Australian dollar is little changed against its US counterpart which has again risen helped by buoyant short-term US Treasury yields.

The Australian share market looks set to open around half a per cent higher with Wall Street offering a positive lead despite some of its earlier strong gains ebbing closer to the close.

Oil prices are little changed ahead of data expected to show rising crude inventories in the United States and as the dollar has strengthened from last week's three-year lows.

Gold has dipped further, a day after its biggest daily slide in two-and-a-half months, but briefly bounced higher as the US dollar slipped for a short time after the release of minutes from the US Federal Reserve's January policy meeting.

The Australian share market inched higher as well received financial results from Wesfarmers and a2 Milk were countered by steep falls by heavyweight miners.

Woolworths’ liquor arm has resigned from the Liquor Stores Association of Western Australia, following the association's support for state government plans to restrict the growth of large liquor stores, such as Dan Murphy's and First Choice.

Australian shares are marginally lower in early trade as investors take cues from a decline on Wall Street and local corporate earnings weigh on sentiment.

Joyce clings to power as Nats dissent grows

US crude has risen to a near two-week high on signs of inventory declines at a key storage hub, while Brent eased under pressure from a stronger dollar.

The Australian dollar is firmly back below 79 US cents.

Gold prices have been pressured by a stronger US dollar and rising interest rates, dropping for a third session, but were underpinned by political worries and uncertainty about this week's huge US bond auctions.

Australian shares have ended the day flat with a no-surprises line-up of company profit results failing to fire investor action in the absence of major overseas leads.

The director of a Perth security company has been acknowledged for selling personal assets to provide back pay for staff who were underpaid more than $200,000.

The Australian share market has opened lower in the absence of a lead from US markets, which were shut for a public holiday, leaving local investors with only a negative lead from Europe and Britain.

Union readies for new tug of war with BHP

EY has named Fiona Drummond as its next managing partner in Western Australia, making it the second of the big four accounting firms to have a female heading its Perth office, and only the sixth out of 86 accounting firms listed on the BNiQ Search Engine.

Gold prices are down slightly as the US dollar claws back some recent losses and stocks rose, but worries about US inflation keep buyers in the metal.

The Australian dollar is slightly lower against its US counterpart which has rebounded off three-year lows.

The Australian share market has closed higher with most sectors posting gains, led by healthcare companies, big banks and industrial stocks.

City of Perth chief executive Martin Mileham has taken indefinite leave, with Lord Mayor Lisa Scaffidi explaining today that his move comes after a private investigation by law firm Herbert Smith Freehills late last year.

Australian shares have got off to a tepid start with investors still cautious amid a busy earnings week despite positive momentum in the last few sessions.

Merger plan: HBF agrees to $4b deal

The Australian dollar has fallen more than half a US cent against its US counterpart which continues to experience weakness despite bouncing off a three-year low.

The state government’s chief information officer Giles Nunis is moving to the private sector after a recent review recommended sweeping changes to his office, which was established under the Barnett government.

Australian shares fell back in afternoon trade to close lower on Friday despite the impetus of some strong company profit figures and overnight gains on Wall Street.

The Australian share market has held on to morning gains as investors selectively take positions amid a slew of corporate results.

Woodside’s LNG estimates under fire

The share market has posted its best session in seven months due to positive half-year earnings results and strong gains for the miners and the energy producers.