Australian shares edge higher

The Australia share market is slightly higher with gains in the industrial and staples sectors offset by major losses from Commonwealth Bank. At 1230 AEDT on Wednesday, the benchmark S&P/ASX200 index was ...

  • Stocks to watch AAP - 8 minutes ago

    Stocks to watch on the Australian stock exchange: APN - AP&N NEWS & MEDIA - up 1 cent, or 0.4 per cent, at $2.60 APN News and Media has paid a dividend for the first time in five years after it slashed ...

  • NT govt pledges not to hike power prices AAP - 14 minutes ago

    The Northern Territory government says consumers won't foot the bill of a staff cost blowout in its three utility companies. Treasurer Nicole Manison has ruled out hiking power prices but has no plans to reassemble the single Power And Water Corporation that was split up under the former Country Liberals government in 2014. Ms Manison said the structural separation of PWC into Power and Water, Jacana Energy and Territory Generation had resulted in inefficiencies and duplication.

  • French cafe mistakenly given Michelin star AAP - 17 minutes ago
    French cafe mistakenly given Michelin star

    In a case of culinary mistaken identity, the Michelin Guide has accidentally awarded one of its coveted stars to a lowly local cafe that shares its name with a gastronomic restaurant 150km away. In the annual restaurant list unveiled February 9, the publishers confused Le Bouche a Oreilles in Bourges, central France, which serves up burgers and fries, with Le Bouche a Oreille in Boutervilliers, which boasts an award-winning chef. Calling it "impossible", cafe owner Veronique Jacquet said she laughed when local radio called her to break the news.

  • Woodside profit jumps but oil prices weigh AAP - 48 minutes ago

    Woodside Petroleum has posted a sharp rebound in profitability as it avoided large writedowns that had weighed down its results a year earlier. Australia's largest oil and gas producer reported a headline full-year profit of $US868 million ($A1.1 billion) for 2016 - a turnaround from 2015, when it posted a profit of just $US26 million after impairments of $US1.1 billion. Excluding 2015's write-offs, Woodside's profit for 2016 was 23 per cent down on the previous year's underlying profit of $US1.13 billion as a result of weak oil and gas prices.

  • Better dairy prices help lift Bega profit AAP - 50 minutes ago
    Better dairy prices help lift Bega profit

    Improved global dairy commodity prices and a lift in first-half sales in the nutritional business have helped lift dairy processor Bega Cheese's first-half net profit by 8.2 per cent. Bega's profit for the six months to December 25, 2016, was $15.7 million. Excluding a $7.1 million inventory impairment related to its Bemore partnership - a 50:50 joint-venture with Blackmores to sell infant formula to China and Australia - Bega's profit was up 39 per cent to $20.7 million.

  • Warrant sought for Mensink's arrest AAP - 52 minutes ago
    Warrant sought for Mensink's arrest

    Queensland Nickel's special purpose liquidators will ask the Federal Court to issue an arrest warrant for Clive Palmer's globe-trotting nephew, Clive Mensink. PPB Advisory barrister David De Jersey flagged the move in court on Wednesday after Mr Mensink again failed to show up to face questions over his role in the collapse of the nickel refinery. According to the material he doesn't seem to have any intention to return to Australia until mid-this year," Mr De Jersey told the court.

  • Construction work falls 7.8% in 2016 AAP - 1 hour 4 minutes ago

    The amount of construction work done in Australia fell 7.8 per cent in 2016. Construction work dropped 0.2 per cent in the December quarter, the Australian Bureau of Statistics said, missing economists' ...

  • Wages rose 1.9% in 2016 AAP - 1 hour 8 minutes ago

    Total hourly rates of pay, excluding bonuses, rose 1.9 per cent in 2016. Wages rose 0.5 per cent in the December quarter, according to the latest Australian Bureau of Statistics Wage Price Index, matching ...

  • Blackmores hit by Aust vitamin sales slump AAP - 1 hour 16 minutes ago
    Blackmores hit by Aust vitamin sales slump

    Blackmores has suffered a 41 per cent fall in first-half profit on the back of a slump in Australian vitamin sales, eroding hope of reaching 2016's financial year result. The vitamins and nutritional supplements maker's net profit for the six months to December 31 fell to $28.5 million, while its sales revenue dropped 5.6 per cent to $322 million. Chief executive Christine Holgate said sales in the first quarter were impacted by changes to the buying patterns of Chinese exporters and high stock levels held by Australian retailers.

  • Mixed reaction to Philippine mine closures AAP - 1 hour 42 minutes ago

    Ordonez worked at the nickel mine operated by Eramen Minerals near Santa Cruz, a town in the mountains of the northern Philippines, that was suspended for environmental offences in July and later ordered to shut for good. The Philippines is the world's top nickel ore supplier and China's huge demand for the raw material that makes stainless steel meant there was long a captive market for the four big mines in the Santa Cruz area.

  • Solid growth still likely in 2017: Westpac AAP - 1 hour 45 minutes ago

    Economic growth of 3.0 per cent is still likely this year despite the outlook being slightly more downbeat in January, Westpac says. The Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, fell to 1.30 per cent in January, from 1.36 per cent in December. Westpac chief economist Bill Evans said the index, being at or above trend for six consecutive months, indicated economic growth in the current calendar year will be close to the Reserve Bank's forecast of 3.0 per cent.

  • Aust shares flat on mixed earnings AAP - 1 hour 56 minutes ago

    Australian shares are flat on the negative side with profit taking in mining and energy stocks and Commonwealth Bank going ex-dividend offsetting some solid corporate results. At 1020 AEDT on Wednesday, ...

  • Bega profit up as dairy prices improve AAP - 2 hours 1 minute ago

    Dairy processor Bega Cheese has lifted its first-half net profit by 8.2 per cent to $15.7 million as global dairy commodity prices improved and first-half sales in the nutritional business increased. Bega ...

  • Vocus HY profit surges on acquisitions AAP - 2 hours 4 minutes ago

    The transformation of telecom operator Vocus Group via a string of acquisitions has delivered a 95 per cent jump in first-half net profit. Vocus - which has acquired M2 Group, Amcom and Nextgen Networks over the past 18 months - has reported a net profit of $47.2 million for the six months to December 31, up from $24.2 million. Vocus on Wednesday also reaffirmed its recently revised annual underlying earnings guidance of between $430 million to $450 million.

  • Woolies wins back shoppers with $725m profit AAP - 2 hours 4 minutes ago
    Woolies wins back shoppers with $725m profit

    Woolworths' crucial comparable food sales for the first half have outshone those at fierce rival Coles in a sign that heavy discounting is luring shoppers back. The supermarket giant's comparable food sales, which removes one-off events, grew 3.1 per cent in the second quarter and 1.9 per cent for the six months to January 1. Woolworths' improvement comes a year after chief executive Brad Banducci was appointed and the group invested more than $1 billion into lowering food prices in an acknowledgement that the previous leadership had put profit margins ahead of sales.

New Zealand Markets

Company Finances

  • 'McDealerships' multiply to serve auto-sales boom CNBC - Wed, Sep 2, 2015 4:15 AM NZST
    'McDealerships' multiply to serve auto-sales boom

    The rise in US auto sales is sparking the emergence of the so-called "McDealership," and possibly creating a new leg for economic growth.

  • McDonald's is messing with your McMuffin CNBC - Tue, Sep 1, 2015 6:52 AM NZST
    McDonald's is messing with your McMuffin

    McDonald's has some good news for dairy farmers and bad news for the lactose intolerant.

  • Fall's hottest new flavors may surprise you CNBC - Sat, Aug 15, 2015 8:05 AM NZST
    Fall's hottest new flavors may surprise you

    With less than a month left of summer, big-name brands are busting out the pumpkin spice and apple pie ahead of schedule.

  • Coca-Cola Amatil in NZ spirits deal AAP - Fri, Aug 14, 2015 6:01 PM NZST
    Coca-Cola Amatil in NZ spirits deal

    Beverages giant Coca-Cola Amatil has struck a 10-year deal to sell and distribute Beam Suntory's brands in New Zealand. Beam Suntory's spirits portfolio in New Zealand includes Jim Beam Bourbon, Canadian ...

  • Kraft Heinz shares fall after Q2 earnings CNBC - Tue, Aug 11, 2015 8:38 AM NZST
    Kraft Heinz shares fall after Q2 earnings

    Kraft Heinz reported second-quarter earnings and revenue on Monday following the closing bell.

  • Bras: The 'athleisure' trend's latest casualty CNBC - Tue, Aug 11, 2015 2:00 AM NZST
    Bras: The 'athleisure' trend's latest casualty

    U.S. dollar sales of sports bras are on the rise, while revenues from the sports bra are inversely taking a hit.

  • Tax cuts help lift JB Hi-Fi profits AAP - Mon, Aug 10, 2015 7:20 PM NZST
    Tax cuts help lift JB Hi-Fi profits

    Joe Hockey's small businesses tax cuts and Australia's housing boom have got the cash registers in overdrive at electronics retailer JB Hi-Fi. The electronic and home appliances retailer posted a stronger-than-expected annual net profit of $136.5 million and flagged stronger sales for the year ahead. The result was largely driven by a 7.4 per cent rise in sales in the second-half as shoppers splashed out on smart phones, computers, fitness devices and home appliances.

  • Nine pays $925m for NRL rights AAP - Mon, Aug 10, 2015 12:56 PM NZST
    Nine pays $925m for NRL rights

    The Nine Network has won the rights to broadcast NRL games from 2018 to 2022 in a deal worth $925 million. "This is a transformational outcome for supporters, rugby league and Nine, enabling viewers to see the best of the NRL, live and free, 4 days per week, anywhere, on any device," chief executive David Gyngell said.

  • The luxury car line banning haggling at dealerships CNBC - Sat, Aug 8, 2015 3:04 AM NZST
    The luxury car line banning haggling at dealerships

    Lexus, Toyota's luxury brand, is introducing negotiation-free dealerships according to the Detroit Free Press.

  • It's time to bet on McDonald's-here's how: Goldman CNBC - Fri, Aug 7, 2015 12:10 AM NZST
    It's time to bet on McDonald's-here's how: Goldman

    A key event in November could boost McDonald's shares, presenting an interesting trading opportunity.