A re-elected Labor government will provide $150 million to a new port authority to oversee the development of a deepwater port in regional South Australia. The funds will allow the authority to borrow more than $500 million to develop the port in the Spencer Gulf, giving a boost to the agriculture and
A piece of Brisbane's history could end up in one of the world's most prestigious museums, with Queensland Premier Annastacia Palaszczuk due to visit the Smithsonian Institute in the US. As part of a trade mission to the US, Ms Palaszczuk will visit the Smithsonian on Saturday morning (AEST)
Woolworths is considering challenging the competition watchdog's decision to reject the sale of its service stations to BP. The supermarket giant struck a deal in December, 2016, to sell its 527 petrol stations and convenience stores and 16 development sites to BP for $1.8 billion. Mr Banducci
Adani has fired back at the Queensland government, saying it is to blame, after Acting Premier Jackie Trad accused the Indian miner of stalling on funding for its controversial Carmichael coal mine. Adani had set a March 31 deadline to secure the full $16 billion for the project but it has abandoned
The Australian share market has made solid gains after a strong lineup of company earnings results briefly drove stocks above 6,000 points on Friday before closing just shy of the mark and up 1.6 per cent ...
Stocks to watch on the Australian stock exchange: AX1 - ACCENT GROUP - up 16.5 cents, or 18.5 per cent, to $1.055 Owner of The Athlete's Foot brand, Accent group, has lifted first-half profit 19.4 per ...
The Athlete Foot's brand owner Accent Group has lifted first half profit by 19.4 per cent to $25.3 million thanks to strong growth in online sales and the rollout of more stores. Shares in Accent soared 18.5 per cent to an 11-month high of $1.055 on Friday following its record results. The group
Tassal expects a record annual profit after bigger and heavier salmon helped the fish farmer lift first-half profit to a record $28.4 million. Driving the result was a increase in salmon volumes, which rose 43.8 per cent in the six months, as well as the benefit of bigger fish and the premium prices
Shares in Southern Cross Austereo have plummeted after the company posted a 21 per cent fall in first-half profit, as the media group signalled more changes were needed at its struggling 2Day FM breakfast show. The company, which also operates the Triple M radio network and has a regional television
Woolworths has outperformed Coles in sales and earnings growth, three years after it started spending $1 billion in slashing food prices and improving service. The supermarket giant's crucial comparable food sales rose 4.9 per cent for the first half of 2017/18 compared to the same period a year
The Australian share market has almost climbed back past 6,000 points after a strong lineup of company earnings results drove local stocks higher on Friday. The benchmark S&P/ASX200 index was up 48.9 points, ...
Embattled property group McGrath Limited has announced that former chief operating officer Geoff Lucas will return as its new chief executive. Mr Lucas was COO of McGrath for eight years from 2008 to 2016, and left the company shortly after the company listed on the ASX in 2016. The appointment follows
Domain declares a decent dividend despite a profit fall, A2 Milk doubles its first-half profit and Nine Entertainment grows its advertising revenue for the first time in two and a half years: here are a few of the numbers that grabbed attention - or should have - in the business world this week. Underlying
Regis Healthcare has forecast steady full-year earnings despite ongoing cuts to residential aged care funding and industry-wide occupancy pressure, after posting a slight dip in first-half profit. The aged care provider expects full-year underlying profit to be in the range of $56 to $58 million, slightly
Commonwealth Bank has denied liability in a shareholder class action alleging it breached continuous disclosure obligations with its handling of AUSTRAC's investigations into its compliance with money-laundering and terrorism-funding laws. Australia's largest bank on Friday partially admitted