• SA Labor pledges funds for deepwater port
    AAP10 hours ago

    SA Labor pledges funds for deepwater port

    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

  • AAP20 hours ago

    Qld premier offers US piece of history

    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)

  • AAPyesterday

    Woolies may challenge ACCC over BP deal

    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

  • AAPyesterday

    Adani stalling on mine funding: Qld govt

    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

  • Solid results day drives Aust share gains
    AAPyesterday

    Solid results day drives Aust share gains

    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 ...

  • AAPyesterday

    Stocks to watch

    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 ...

  • AAPyesterday

    Athlete's Foot owner kicks record H1 goal

    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

  • AAPyesterday

    Big fish help Tassal to record HY profit

    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

  • Southern Cross falls as 2DayFm struggles
    AAPyesterday

    Southern Cross falls as 2DayFm struggles

    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

  • Woolies in lead in supermarket growth race
    AAPyesterday

    Woolies in lead in supermarket growth race

    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

  • Good results drive strong Aust shares gain
    AAPyesterday

    Good results drive strong Aust shares gain

    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, ...

  • AAPyesterday

    Old hand Lucas returns as McGrath CEO

    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

  • AAPyesterday

    The business week in numbers

    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

  • AAPyesterday

    Regis positive despite dip in H1 profit

    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

  • CBA denies AUSTRAC class action liability
    AAPyesterday

    CBA denies AUSTRAC class action liability

    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