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Australian stocks gain ground on signs of dovish Fed
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Business
Australian Associated Press
Boral posts solid result under new CEO Bansal
Construction materials manufacturer Boral has delighted investors with bumper profits in its first reporting period under new CEO Vik Bansal.Boral's share price shot up 11 per cent by noon on Wednesday after the company reported net profit after tax rose 53 per cent to $57 million for the six months to December 31.
Business
Australian Associated Press
Suncorp rains down dividends despite La Nina challenge
Insurance and banking giant Suncorp will reward investors with higher dividends after earnings shot up even as natural disaster claims increased.The finance group, which own brands including AAMI, GIO and Suncorp Bank, reported a 63 per cent jump in cash earnings to $588 million, with a 44 per cent increase in after-tax profit to $560 million for the six months to December 31.
Business
Australian Associated Press
Australia Post hits 'crossroads' as letter losses soar
Australia Post says it is at a "crossroads" and it expects to report a full-year loss for the first time since 2015 as letters continue to decline.The government-owned enterprise announced on Wednesday it made a profit before tax of just $23.