PreviousHeadlines AustraliaNext

Power prices 'put jobs at risk': AiGroup
Ai Group says Australia must boost gas development, hit the RET and have a coherent national energy policy to bring down electricity prices and keep jobs here.
(Mon, 27 Feb 2017 13:04:14 GMT)

Fair Work Commission Vice President Graeme Watson issues his last judgement
Fair Work Commission Vice President Graeme Watson has broken with tradition by issuing his own separate decision on the future of paid domestic violence leave ahead of a single majority decision being made.
(Mon, 27 Feb 2017 08:30:04 GMT)

CIMIC circles as Macmahon results slide
Mining services company Macmahon has posted a $23.3 million net loss and its board has rejected CIMIC's hostile takeover bid.
(Mon, 27 Feb 2017 04:31:13 GMT)

How prepared are university students for the jobs of the future?
University of Sydney aeronautical engineering student Caroline Hamilton Smith loves measuring rocket trajectories.
(Mon, 27 Feb 2017 07:25:02 GMT)

Adairs weak first-half unnerves investors
Linen and homewares retailer Adairs has disappointed investors with a decline in first-half profit as its crucial comparable sales slide four per cent.
(Mon, 27 Feb 2017 03:22:13 GMT)

Auctions surge to Feb record: CoreLogic
Property auctions hit record levels in Sydney and Melbourne last week, driving up the national tally as clearance rates improved as well.
(Mon, 27 Feb 2017 01:07:13 GMT)

How Rosie Batty's discovery of ex-partner's child-porn charges traumatised her
She endured years of domestic violence and sexual abuse. Her son was murdered at the hand of her ex-partner. But there was another blow Rosie Batty had to deal with.
(Mon, 27 Feb 2017 08:09:02 GMT)

Profits soar as wages, investment flounder
Falling wages and weak business investment, as well as a commodity export boom, helped company profits soar in the December quarter.
(Mon, 27 Feb 2017 06:20:13 GMT)

NZME snubs Southern Cross radio bid
NZME has declined to talk to about the potential sale of its radio assets with Southern Cross Media.
(Mon, 27 Feb 2017 00:28:13 GMT)

ASIC 'raised concern' on Nine TV valuation
ASIC says it has reviewed Nine Entertainment's 2015/16 financial report and raised concerns over the value of goodwill attributed to the television network.
(Mon, 27 Feb 2017 00:01:13 GMT)

Temple & Webster reduces HY loss
Struggling online retailer Temple & Webster's turnaround plan appears to be working as the group cuts its first-half loss by almost 70 per cent to $5.38m.
(Mon, 27 Feb 2017 00:44:13 GMT)

Aristocrat's social gaming grows
Aristocrat Leisure's digital social gaming business is now the fourth biggest in the world.
(Mon, 27 Feb 2017 00:00:14 GMT)

APA to buy Orbost gas plant from Cooper
APA Group will acquire the Orbost gas plant in Victoria from Cooper Energy and upgrade its at a cost of $250 million.
(Sun, 26 Feb 2017 22:23:14 GMT)

Austal says strong opportunities ahead
Austal's half-year profit is down 44.1 per cent, but the shipbuilder says it has a strong pipeline of opportunity.
(Mon, 27 Feb 2017 05:22:13 GMT)

Slater & Gordon shares hit new depths
Law firm Slater and Gordon has taken another $350 million writedown amid personal injury claims unit underperformance, sending shares to a fresh all-time low.
(Mon, 27 Feb 2017 02:46:13 GMT)

Lender caps hit apartment deals: LendLease
Real estate developer Lendlease is seeing signs of pressure in apartment deals as buyers deal with a clampdown by banks.
(Mon, 27 Feb 2017 04:10:13 GMT)

Relationship costs QBE boss $550K
QBE CEO John Neal has delivered a profit boost but had his pay docked by more than $550,000 for a delay in notifying the board about a workplace relationship.
(Mon, 27 Feb 2017 06:01:13 GMT)

New customers lift Amaysim's earnings
Amaysim's mobile customer base has jumped 59,000 to 1.03 million, helping deliver strong earnings growth.
(Mon, 27 Feb 2017 06:11:13 GMT)

Stocks to watch
Stocks of interest on the Australian share market
(Mon, 27 Feb 2017 06:46:13 GMT)

Energy, banks drag ASX lower
A sell-off across energy and financials stocks has led the Australian share market lower.
(Mon, 27 Feb 2017 06:12:11 GMT)

Perth businessman in court battle for billion-dollar mining birthright
It is the battle between a businessman who lost a billion-dollar birthright and his family, who didn't.
(Mon, 27 Feb 2017 02:49:02 GMT)

Does jealousy equal love? One in five young people say yes
One in five young people still think that jealousy is a sign that your partner loves you, and men should be the head of a household.
(Sun, 26 Feb 2017 13:15:00 GMT)

Surrogate babies born in Cambodia stuck in limbo waiting for visas to leave for Australia
Up to 10 surrogacy-born babies with Australian biological parents are stuck in legal limbo in Cambodia after a crackdown on commercial surrogacy there last year.
(Sun, 26 Feb 2017 08:35:11 GMT)

A rapist and the woman he raped explore that dark chapter in their lives
One morning in Reykjavik, Thordis Elva kisses her son and partner goodbye before flying thousands of kilometres to Cape Town, South Africa, to meet up with Tom Stranger, the Australian who raped her when she was 16 years old and he was 18. This is an edited extract from the book they wrote together after eight years of exchanging emails, exploring a dark chapter in both of their lives.
(Sat, 25 Feb 2017 13:15:00 GMT)

Child bride survivor Eman Sharobeem has assets frozen by NSW Crime Commission
Eman Sharobeem's life story reads like an inspiring tale of overcoming the odds: forced into an arranged marriage to her first cousin as a teenager, then widowed at 29 with two young sons, having endured a violent 14-year marriage.
(Sat, 25 Feb 2017 18:12:08 GMT)

Sunday penalty rates: Women to bear the brunt of cuts, experts say
Single mother Sharon Eurlings has worked Sunday shifts for more than 20 years to help pay the bills and get care for her children.
(Sat, 25 Feb 2017 13:15:18 GMT)

Press Council Adjudication
The Press Council considered a complaint by Tom Thompson, an authenticator of historical artifacts, about an article in The Sun-Herald on 27 March 2016.
(Sat, 25 Feb 2017 13:01:00 GMT)

Pet owners warned to vaccinate against rabbit-killer virus
What's up, Doc? Pet owners warned to vaccinate against soon-to-be-released rabbit-killer virus.
(Sat, 25 Feb 2017 09:00:00 GMT)

Life on Mars: NASA scientist Carmel Johnston has a 'taste'
People intending to travel somewhere exotic – a region, for instance, without an abundance of working toilets – accept the necessity of sometimes painful vaccinations to protect them against nasty diseases.
(Sat, 25 Feb 2017 09:32:04 GMT)

You, old? Not until you're 75
A third of Australians – about 7 million people – are now at their peak, but it is not when most people think. 
(Fri, 24 Feb 2017 14:47:03 GMT)

A review of this week's economic data
A review of this week's economic data.
(Fri, 24 Feb 2017 05:56:13 GMT)

Tough outlook steps on strong RCG result
Shares in RCG Corporation, the owner of Athlete's Foot and Hype DC, have plunged more than 15 per cent despite a record underlying first-half profit.
(Fri, 24 Feb 2017 05:31:13 GMT)

ACCC to seek stiffer penalties this year
Australia's competition regulator plans to seek stiffer penalties against large companies in an effort to deter misconduct.
(Fri, 24 Feb 2017 04:59:13 GMT)

Litigation funder IMF back in the black
Litigation funder IMF Bentham says a small number of completions helped it to a first-half net profit of $14 million.
(Fri, 24 Feb 2017 03:12:13 GMT)

Economy of scales: Depleted stocks force Asian fishermen into Australian waters
A modern war on the high seas is intruding into Australia's neighbourhood – the attempt to protect vulnerable fish stocks from the rampant demand of Asia's growing middle class and fishermen forced south by tensions in the South China Sea.
(Fri, 24 Feb 2017 23:17:05 GMT)

Consumer fears raised as Veda switches from Financial Ombudsman Service to the Credit and Investments Ombudsman
If you have a complaint about Veda, you can no longer take it the Financial Ombudsman Service.
(Mon, 27 Feb 2017 03:08:04 GMT)

Bellamy's vows turnaround amid profit fall
Organic baby food maker Bellamy's has posted a 47 per cent fall in half-year profit ahead of a critical board spill meeting next Tuesday.
(Fri, 24 Feb 2017 05:15:13 GMT)

Energy costs should be competitive: RBA
The Reserve Bank boss says it would be remarkable if energy costs were a competitive disadvantage for the Australian economy.
(Fri, 24 Feb 2017 00:46:17 GMT)

Cabcharge slumps to half-year loss
Taxi payments system operator Cabcharge has slumped to a half-year loss of $106.75 million on the back of writedowns and impairments.
(Fri, 24 Feb 2017 00:41:13 GMT)

Graincorp flags strong FY profit growth
Graincorp says full-year earnings could rise by as much as two thirds and underlying profit treble to up to $160 million.
(Fri, 24 Feb 2017 00:57:13 GMT)

Better transport to ease house prices: RBA
The best way to lower housing prices and make the nation more productive is to build new urban transport infrastructure, the RBA says.
(Sun, 26 Feb 2017 23:37:23 GMT)

RBA on China: 'That risk is out there'
Reserve Bank governor Philip Lowe says a major slowdown in China remains a potential risk for Australia's economy.
(Thu, 23 Feb 2017 23:34:13 GMT)

Debt risks too high for rate cuts: RBA
The Reserve Bank says cutting interest rates may benefit jobs in the short term, but will be dangerous in the long-term for household debt levels.
(Thu, 23 Feb 2017 23:29:13 GMT)

Royal commission: Outrage over church's financial support for paedophile priests
An admission that the Sydney Catholic Archdiocese financially supports convicted pedophile priests has drawn outrage from sex abuse survivors at the royal commission.
(Fri, 24 Feb 2017 06:19:12 GMT)

Billabong HY loss deepens to $16.1m
Billabong's half-year net loss has widened to about $16 million after revenue declines 9.6 per cent to $511 million.
(Fri, 24 Feb 2017 02:29:17 GMT)

Regis Healthcare in line for growth target
Aged care provider Regis Healthcare has lifted half-year net profit to $30.9 million, and reaffirmed its full-year earnings guidance.
(Fri, 24 Feb 2017 00:25:13 GMT)

Debt, housing risk in more rate cuts: RBA
The Reserve Bank is putting stability above generating inflation and jobs growth by avoiding a rate cut amid soaring house prices and household debt.
(Fri, 24 Feb 2017 04:37:13 GMT)

Incitec Pivot chief executive to step down
Fertiliser and explosives maker Incitec Pivot's chief executive James Fazzino will step down in 12 months.
(Thu, 23 Feb 2017 22:26:13 GMT)

News Corp picks Australian as new CFO
Rupert Murdoch says News Corp Australia's Susan Panuccio's "superb work" makes her the ideal successor to CFO Bedi A Singh.
(Thu, 23 Feb 2017 22:23:15 GMT)

Shaver Shop guidance cut amid retail gloom
Shaver Shop says first-half profit rose 9.3 per cent but warns full-year earnings will likely fall short of its prospectus forecast by as much as 18 per cent.
(Thu, 23 Feb 2017 23:28:13 GMT)

Farmgate milk price may lift: MG
Dairy processor Murray Goulburn has booked a $31.9 million first-half loss on a plunge in milk supply, but the price it pays dairy farmers for milk may improve.
(Fri, 24 Feb 2017 03:22:14 GMT)

Genworth profit down as delinquencies rise
Genworth Mortgage Insurance expects its 2017 full-year loss ratio to widen to 40-50 per cent, from 2016's 35.1 per cent, as delinquencies rise.
(Thu, 23 Feb 2017 23:11:13 GMT)

Automotive Holdings' HY profit falls 19.8%
Automotive Holdings Group has left its interim dividend unchanged after its half-year profit slumped 19.8 per cent despite a jump in revenue.
(Thu, 23 Feb 2017 21:57:13 GMT)

Corp Travel Management profit up 28%
Corporate Travel Management expects full-year earnings to be at the top end of its guidance range as half-year net profit lifts 28 per cent to $22.1 million.
(Thu, 23 Feb 2017 21:47:14 GMT)

Super Retail Group lifts profit 66%
Rebel Sport, Rays, BCF, Amart Sports and Supercheap Auto owner Super Retail Group boosts sales and revenue and records a 66 per cent lift in half-year profit.
(Fri, 24 Feb 2017 00:09:13 GMT)

Stocks to watch
Stocks of interest on the Australian share market
(Fri, 24 Feb 2017 05:43:12 GMT)

Share market dips as miners, banks fall
Weakness among both the heavyweight mining and banking sectors has pulled the share market lower in another day of mixed company earnings reports.
(Fri, 24 Feb 2017 06:36:11 GMT)

Nicholas Marchesi and Lucas Patchett launch Orange Sky Digital
Nicholas Marchesi and Lucas Patchett were crowned Young Australians of the Year in 2016 after creating a mobile laundry for the homeless. But experts argue their good intentions are harming, not helping people who are homeless.
(Thu, 23 Feb 2017 11:02:05 GMT)

'Going gangbusters': Solar surge has only just begun and batteries' charge close behind
A new wave of solar energy is about to crest and it won't just be households benefiting.
(Thu, 23 Feb 2017 21:57:02 GMT)

Ahmed Fahour leaves his stamp on Aust Post
Australia Post CEO Ahmed Fahour has resigned after seven years in the role but has left behind his stamp on a transformed postal service.
(Thu, 23 Feb 2017 05:43:13 GMT)

Qantas shows strength despite profit fall
Qantas' turnaround continues, but fierce international competition has hurt first-half earnings.
(Thu, 23 Feb 2017 04:58:13 GMT)

Vodafone Aust set to enter broadband fray
Vodafone Australia says it is "geting closer" to entering the broadband market, as it achieved a 12 per cent rise in earnings.
(Thu, 23 Feb 2017 06:02:13 GMT)

As penalty rates are slashed, what is your Sunday worth now?
The time you spend working on a Sunday is still worth more than it is on a Saturday, but not as much as it was in the past, according to the Fair Work umpire.
(Thu, 23 Feb 2017 08:42:02 GMT)

Plane crash lands near Princes Highway, pilot and passenger 'shaken' but unharmed
Two people have had a lucky escape after a light plane crashed in Traralgon on Thursday afternoon.
(Thu, 23 Feb 2017 06:05:06 GMT)

Victoria demands answers from AEMO for blackout risks during NSW heatwave
The Victorian government is demanding the operator of Australia's main electricity grid explain how the state came close to losing electricity during the recent extreme heatwave to ensure NSW avoided power outages, adding to calls for a wider inquiry.
(Thu, 23 Feb 2017 06:00:10 GMT)

Fahour calls time on Aust Post career
Australia Post CEO Ahmed Fahour has resigned after seven years in the role, presiding over a transformation of the postal service.
(Thu, 23 Feb 2017 06:52:13 GMT)

Average weekly earnings up two percent
The Australian Bureau of Statistics has released the official figures for the average weekly earnings for adult full-time workers in November.
(Thu, 23 Feb 2017 01:32:04 GMT)

Crown in the dark over China detentions
Casinos operator Crown Resorts is still awaiting information on its detained employees in China.
(Thu, 23 Feb 2017 01:08:05 GMT)

Weak investment growth may spark rate cut
Economists say business investment will be at its lowest level in a decade next financial year.
(Thu, 23 Feb 2017 04:40:23 GMT)

CEO Craigie steps down at Crown
Crown Resorts chief executive Rowen Craigie has been replaced by executive chairman John Alexander as the casino operator refocuses after trouble in China.
(Thu, 23 Feb 2017 05:11:13 GMT)

Retail Food Group HY profit up
The Retail Food Group says earnings from its recently acquired food distribution business Hudson Pacific Corporation has played a major role in its profit rise.
(Thu, 23 Feb 2017 00:30:50 GMT)

Crown pursuing new strategy under new boss
Crown executive chairman John Alexander has taken the helm of the casinos operator after a comprehensive strategy overhaul in the wake of problems in China.
(Thu, 23 Feb 2017 05:25:13 GMT)

ACCC flags concerns on South32 coal deal
The ACCC has expressed concerns over South32's planned buy of the Metropolitan Colliery in NSW, saying the deal will reduce competition in coking coal supply.
(Thu, 23 Feb 2017 04:40:23 GMT)

InvoCare to address fall in market share
A fall in the number of deaths in Australia, NZ and Singapore hasn't hit funeral giant InvoCare's bottom line, with full-year profit rising almost 30 per cent.
(Thu, 23 Feb 2017 05:21:13 GMT)

Dreamworld owner confident it will recover
Dreamworld's owner says there are signs the theme park is recovering from the impact of October's fatal accident.
(Thu, 23 Feb 2017 06:12:13 GMT)

Cheap airfares cloud Flight Centre outlook
Flight Centre cuts full-year profit guidance, saying it is still concerned about the challenges of airfare pricing and yield, plus foreign exchange movements.
(Thu, 23 Feb 2017 02:34:29 GMT)

Penalty rate cuts: Who gains, and who will be hit the hardest
Who will gain the most from the changes, and who will be the hardest hit? The penalty rates decision in a nutshell.
(Thu, 23 Feb 2017 06:18:07 GMT)

Kogan's trend analysis drives growth
Retailer's analysis of shoppers' search trends has helped it exceed its annual earnings forecasts in just six months.
(Thu, 23 Feb 2017 05:41:13 GMT)

Lower prices and write-offs hit Alumina
Miner and metals producer Alumina made a loss of $39 million in 2016 because of restructuring related charges and lower alumina prices.
(Thu, 23 Feb 2017 02:53:25 GMT)

Nine loses $237m but flags ratings rise
Nine Entertainment has slipped to a first-half loss of $236.9 million after writing down the value of its free-to-air TV network by $260 million.
(Thu, 23 Feb 2017 04:37:05 GMT)

Low property listings hit McGrath's profit
Real estate agent McGrath has been hit by a drop in the number of homes being listed for sale, and a shrinking sales force.
(Thu, 23 Feb 2017 01:59:17 GMT)

Iluka slides to $224m loss
Mineral sands miner Iluka Resources has swung to a full-year loss of $224 million, from a $53.5 million profit a year earlier.
(Thu, 23 Feb 2017 01:01:30 GMT)

Parcel pickup for Aust Post as Fahour goes
Australia Post has lifted half-year net profit more than six times on the back of higher parcel volumes as letter deliveries continue to decline.
(Thu, 23 Feb 2017 07:23:14 GMT)

Ramsay lifts profits, CEO to retire
Private hospitals operator Ramsay Health Care has lifted half-year profit and upgraded its guidance, while its chief executive says he will step down this year.
(Thu, 23 Feb 2017 05:24:17 GMT)

Nine move lifts Southern Cross profit 12%
Southern Cross Austereo's first-half profit has risen 11.8 per cent to $48.5 million after its switch to Nine helped regional revenue surge 15 per cent.
(Thu, 23 Feb 2017 00:20:48 GMT)

Qantas is outperforming peers in Asia: CEO
Qantas has reported a drop in first-half profit but chief executive Alan Joyce says the airline is outperforming its peers across Asia.
(Thu, 23 Feb 2017 01:21:15 GMT)

Telstra offloads final stake in Autohome
Telstra says it has received $US217 million from Ping An Insurance Group for its final Autohome stake at $US29.30 per share.
(Wed, 22 Feb 2017 21:46:03 GMT)

Blackouts hurt Adelaide Brighton's profit
Lower property sale profits and power outages in South Australia have impacted construction materials supplier Adelaide Brighton's full year earnings.
(Thu, 23 Feb 2017 04:13:40 GMT)

Catholic leaders speak of church's 'catastrophic failure' in past approach to child abuse
Five Australian Catholic archbishops have given a scathing assessment of the church's past response to sexual abuse victims.
(Thu, 23 Feb 2017 08:23:12 GMT)

Stocks to watch
Stocks of interest on the Australian share market
(Thu, 23 Feb 2017 07:02:11 GMT)

Big miners drag share market lower
The share market has fallen as weaker prices for commodities pulled back the big miners, and Rio Tinto traded ex-dividend.
(Thu, 23 Feb 2017 06:26:11 GMT)

Woolworths cuts its way to sales victory
Aggressive discounting on food has helped supermarket giant Woolworths beat its fierce rival Coles on sales growth.
(Wed, 22 Feb 2017 05:21:27 GMT)

Domain the jewel in Fairfax's crown
Spinning off Domain would strip Fairfax Media of its best earner, but the slimmed down company would still have plenty of high-profile assets.
(Wed, 22 Feb 2017 04:59:24 GMT)

Victorian cities faced power cuts to ensure NSW made it through big heatwave
Ballarat and Bendigo faced losing electricity during the recent great eastern Australian heatwave so NSW could avoid power cuts, underscoring the parlous state of the country's grid.
(Wed, 22 Feb 2017 08:50:32 GMT)

Construction work won't add to Q4 growth
Economists say sluggish construction work is unlikely to have added to growth in the final quarter of 2016, with public sector construction falling the most.
(Wed, 22 Feb 2017 03:41:12 GMT)

Wage growth slows to a record low
Wages grew by just 1.9 per cent in 2016, the slowest annual growth rate since records began in 1998.
(Wed, 22 Feb 2017 02:40:55 GMT)

ACCC urges consumers to use petrol price comparison apps to increase competition
Here's what the ACCC says you can do to help reduce petrol prices at a time when costs are going through the roof.
(Wed, 22 Feb 2017 01:31:38 GMT)

Solid growth still likely in 2017: Westpac
The Westpac-Melbourne Institute Leading Index shows that the economic outlook has been above or at trend for six months.
(Wed, 22 Feb 2017 00:12:15 GMT)

Farmers could get better milk price: Bega
Dairy processor Bega Cheese says farmers could receive a better price for their milk later this year because dairy commodity prices have improved.
(Wed, 22 Feb 2017 02:11:53 GMT)

Healthscope warns of slow earnings growth
Weak patient numbers are expected to keep the brakes on earnings growth in Healthscope's private hospitals business.
(Wed, 22 Feb 2017 02:31:36 GMT)