BHP Billiton has joined other big miners in lifting payouts to shareholders as strong commodity prices boost profits. The resources giant will deliver $US2.9 billion in dividends for the first half of the 2016/17 financial year, lifting its interim dividend by 38 per cent from aRead More »
Gold miner Northern Star is bringing forward exploration investments after making significant discoveries at its Jundee mine in Western Australia. Executive chairman Bill Beament said the miner will bring forward $25.4 million of exploration spending that had been planned for future years into the second
Seven West Media boss Tim Worner has denied there are any issues with the company's internal staff policies following the fallout from his affair with a former employee and the network's alleged mistreatment of a cadet journalist. Releasing the company's half-year results on Tuesday, Mr
Community-owned petrol stations could help regional Victorian towns overcome the loss when the big fuel retailers shut up shop. Successful co-operatives at Kaniva in the state's west and Yackandandah in ...
Stocks to watch on the Australian stock exchange: APO - APN OUTDOORS - down 17 cents, or 3.8 per cent, at $4.35 APN Outdoor's full-year profit dropped nine per cent to $44 million due to costs, including ...
BHP Billiton has posted a 37 per cent drop in half-year profit to $US2.02 billion ($A2.55 billion) due to one-off losses of $US2 billion related to a cut to corporate tax rates in the US. The mining giant's revenue in the six months to December 31 rose 16 per cent from a year earlier to $US21.8
Shares in Vocus Group have hit a four month low after the telco held off paying its half-year dividend and downgraded its annual earnings guidance. The owner of the iPrimus and dodo brands made a net profit of $37.3 million in the six months to December, down 21 per cent from a year earlier, and said
The Australian share market has closed flat as gains by energy producers and IT companies were offset by falls among the big banks and miners. The benchmark S&P/ASX200 index was down 0.7 points, or 0.01 per cent, at 5,940.9 at 1615 AEDT, while the broader All Ordinaries index was up 1.6 points, or 0.03
Super Retail Group's shares have tumbled after the sports and auto retailer announced weak first-half results and a surprise $135 million takeover of New Zealand outdoor brand Macpac. Super Retail Chief executive Peter Birtles said research had shown a gap for a "big box" specialist in
Oil Search says it has progressed plans with global giants ExxonMobil and Total for new facilities that could double production of liquefied natural gas in Papua New Guinea. The three companies have reached broad agreement on a preferred development concept, which is likely to include the construction
Australia's five largest banks and financial services institutions last year paid another $21.4 million in compensation to customers who lost out because of poor financial advice. The Australian Securities ...
The West Australian government will review laws surrounding e-cigarettes despite a nationwide ban on sales and a lack of scientific agreement on their safety. Health Minister Roger Cook has flagged changes ...
Pets and vets specialist Greencross is benefiting from a surge in sales as pet owners lavish increasing sums on their animals and spread their spending across new services and online channels. Greencross lifted first-half profit by 8.9 per cent to $23.2 million after strong performances from its shops
The financial services royal commission's first round of public hearings focusing on inappropriate lending in home loans, car loans and credit cards will begin on March 13. The hearings will be held in Melbourne and run until March 23, the royal commission said on Tuesday. The opening day of the
Confidence among Australians has stumbled for a second week in a row as concerns over recent volatility in financial markets turned to potential turmoil within the ranks of the Turnbull government. Despite last week's strong employment figures, the result of the weekly ANZ-Roy Morgan consumer confidence
The Queensland government is in talks with the state's peak motoring body to introduce real-time fuel price disclosures after repeatedly ruling out any action on the issue. Energy Minister Anthony Lynham and Transport Minister Mark Bailey on Monday met with RACQ's head of public policy Rebecca
Record production, stronger energy prices and a lower tax rate in Papua New Guinea have helped Oil Search more than triple full-year net profit to $US302.1 million ($A381.9 million). The Papua New Guinea-focused oil and gas explorer's revenue for the year to December 31 has risen 17 per cent to
Engineering services firm Monadelphous Group has lifted half-year profit by nearly a third as it rides the rebound in activity in the resources sector. The company posted net profit of $37.6 million for the six months to December 31, up 32 per cent from a year ago after the high volume of contracts
More people are finding jobs and business conditions are healthy but retailers will endure tough times for a few more years yet, the central bank warns. The minutes of the Reserve Bank of Australia board's February meeting, at which the cash rate was again left at a record low of 1.5 per cent, show
The ACCC hopes an international report into global antitrust sanctions will lend extra force to its argument that bigger companies should face bigger penalties for breaching consumer law. Australian Competition and Consumer Commission chairman Rod Sims has told a Committee for Economic Development of
Fertility clinic owner Virtus Health expects its volumes in Australia to pick up as the impact of a rival's entrance into the Queensland market subsides. Strength in the NSW and Victoria fertility markets, growth in its diagnostics and international activities and cost reductions contributed to
Mexico has long been a good neighbour to the United States, and in more recent years a good ally - which is why it's more than a little absurd that a false narrative about our relationship with Mexico contributed to shutting down the federal government in January, and threatened to do so again last