Tag: Company News
Australian Central profit up 55 pc
Adelaide-based credit union Australian Central has recorded a 55 per cent increase in half-year profit.[MORE]
Mid West miner records $20m loss
Mid West iron ore miner Murchison Metals has posted a $20 million loss for the first half of this financial year.[MORE]
Timber workers want support for FEA
Timber workers have criticised the Tasmanian Government for failing to prop up ailing timber company Forest Enterprises Australia (FEA). [MORE]
Cape Lambert off-loads Lady Annie mine
An exploration company has sold its copper mine in north-west Queensland less than a year after it purchased the operation. [MORE]
Beaconsfield gold production shrinks
The owners of the Beaconsfield Gold Mine in northern Tasmania say production at the mine for the March quarter is about 6,00 ounces down on projections. [MORE]
FEA lifeline denied
The troubled Tasmanian timber company Forest Enterprises Australia has suffered another blow. [MORE]
Market finishes marginally higher
The Australian share market finished flat on Friday, after initially making gains on a positive lead from Wall Street overnight.[MORE]
Atlas, Aurox merger to heat up iron ore market
Analysts say the merger between mining juniors Atlas Iron and Aurox Resources will heat up competition in the Pilbara iron ore sector in north-west Western Australia.[MORE]
Vitasoy plans $18m factory expansion
A major food manufacturer has announced an $18 million expansion of its Baranduda factory near Wodonga.[MORE]
Biofuels study in Cooper Basin
South Australian resource company Beach Energy and a US business General Atomics are doing a joint study on producing biofuels in the Cooper Basin.[MORE]
New market push for 'home-grown' veg
Tasmania's three political parties have put aside their differences to support a new vegetable marketing campaign. [MORE]
Myer reveals higher first-half profit
The department store chain, Myer has reported a 38 per cent rise in its first-half profit.[MORE]
Housing slump drags on shares
A slump in housing finance figures offset gains resulting from positive consumer confidence data on the Australian share market today.[MORE]
Miners Atlas, Aurox to merge
Mining juniors Atlas Iron and Aurox Resources have agreed to merge in a bid to boost iron ore production in the Pilbara.[MORE]
Great Southern land up for sale
The liquidators of the failed agribusiness Great Southern are trying to repay some debts with a sale of timber plantation land in the Green Triangle.[MORE]
Market higher on business confidence and job ads
The Australian share market finished the day slightly higher, on the back of strong business confidence and job advertisements data, which provided further evidence of the economy's resilience.[MORE]
Indonesian firm sues Billabong for $58m
Surf wear company Billabong says it is facing a civil claim from its former Indonesian licensee, which is seeking compensation over the termination of its distribution licence in that country.[MORE]
Arrow Energy takeover offer pushes market higher
The Australian share market has made a good start to the week, closing almost 1 per cent higher today, on the back of rising commodity prices and a multi-billion dollar takeover offer.[MORE]
Bad earnings sound much worse on a Friday
Feature
New research shows it is a tactical mistake for companies to release bad news on Friday.[MORE]
Commodity gains drive shares, dollar higher
The Australian share market is continuing to gain ground after a positive lead from Wall Street and a rise in commodity prices.[MORE]
Lay-offs at Sigma-Herron pharmaceutical plant
The National Union of Workers (NUW) says 20 people were made redundant this morning at a pharmaceutical plant on Brisbane's southside.[MORE]
Shell makes bid for Arrow Energy
Arrow Energy says it has received a non-binding offer from a company jointly owned by the oil giant, Royal Dutch Shell and PetroChina.[MORE]
Union lobbies for forestry workers' entitlements
The union representing workers at the troubled forestry company Forest Enterprises Australia (FEA) has demanded the Tasmanian Labor and Liberal parties secure workers' entitlements.[MORE]
Modest share gains ahead of US employment data
The share market has recorded its sixth straight day of gains, led by the healthcare and resources sectors.[MORE]
MacAir liquidator sues ATO
The liquidator of the failed regional airline MacAir is suing the Australian Tax Office (ATO) for more than a million dollars.[MORE]
