• AAP8 hours ago

    Northern Star boosts exploration spend

    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

  • Worner backs HR stance as Seven ups profit
    AAP9 hours ago

    Worner backs HR stance as Seven ups profit

    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

  • AAP9 hours ago

    Co-op fuel stations could help Vic towns

    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 ...

  • AAP10 hours ago

    Stocks to watch

    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 ...

  • AAP10 hours ago

    BHP Billiton H1 profit falls 37% to $US2b

    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

  • AAP10 hours ago

    Earnings downgrade hits Vocus shares

    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

  • Market flat despite falls by banks, miners
    AAP10 hours ago

    Market flat despite falls by banks, miners

    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 gears up with Macpac purchase
    AAP10 hours ago

    Super Retail gears up with Macpac purchase

    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 a step closer to PNG expansion
    AAP10 hours ago

    Oil Search a step closer to PNG expansion

    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

  • AAP10 hours ago

    Banks paid $21.4m compensation in 2017

    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 ...

  • AAP10 hours ago

    E-cigarette use triggers law review in WA

    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 ...

  • AAP11 hours ago

    Pet-loving cross-shoppers boost Greencross

    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

  • AAP11 hours ago

    Banks royal commission sets hearing date

    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

  • AAP11 hours ago

    Confidence stumbles as Joyce saga rolls on

    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

  • AAP11 hours ago

    Qld in talks on fuel price disclosures

    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

  • Oil Search more than triples FY profit
    AAP12 hours ago

    Oil Search more than triples FY profit

    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

  • AAP12 hours ago

    Resources spending boosts Monadelphous H1

    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

  • Tough retail times to continue, warns RBA
    AAP13 hours ago

    Tough retail times to continue, warns RBA

    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

  • AAP13 hours ago

    ACCC wants bigger fines for bigger firms

    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

  • AAP13 hours ago

    NSW, Vic drive profit growth for Virtus

    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

  • AAP14 hours ago

    What Trump gets wrong about Mexico

    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