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The Australian
Rss Feed IconWesfarmers falls as profit disappoints
Thursday, 21 August 2008 12:00 AM
SHARES of Wesfarmers dropped today after the owner of retail giant Coles posted full-year earnings just below market expectations.


Rss Feed IconQantas shares up after record profit
Thursday, 21 August 2008 12:00 AM
QANTAS posted today a record annual net profit of $970 million but warned it expected profitability to fall in fiscal 2009.


Rss Feed IconBabcock tumbles after board changes
Thursday, 21 August 2008 12:00 AM
SHARES of Babcock & Brown plunged today after the company confirmed its chairman and chief executive had stepped down.


Rss Feed IconLend Lease in search for new CEO
Thursday, 21 August 2008 12:00 AM
LEND Lease posted a 46.7 per cent fall in full-year profit and warned of further property volatility as it searches for a new CEO.


Rss Feed IconQBE shares fall on investment risks
Thursday, 21 August 2008 12:00 AM
QBE Insurance posted a 7 per cent fall in first-half profit on the back of lower investment returns and a stronger Australian dollar.


Rss Feed IconAmcor earnings plunge 51.5pc
Thursday, 21 August 2008 12:00 AM
PACKAGING group Amcor posted a 51.5 per cent fall in profit and said a global slowdown could hurt sales in fiscal 2009.


Rss Feed IconNAB promise sparks rate cut row
Thursday, 21 August 2008 12:00 AM
NATIONAL Australia Bank will pass on in full a quarter-point cut if the central bank lowers official rates by that amount next month.


Rss Feed IconSantos lifts profit by 57.6pc
Thursday, 21 August 2008 12:00 AM
SANTOS today lifted first-half profit by 57.6 per cent and announced a $300 million off-market share buyback.


Rss Feed IconFairfax acquisition boosts profit
Thursday, 21 August 2008 12:00 AM
FAIRFAX Media's full-year net profit rose 47 per cent, boosted by the acquisition of regional newspaper group Rural Press.


Rss Feed IconWall St higher as Hewlett surprises
Thursday, 21 August 2008 12:00 AM
A BUILD-UP in oil supplies and a Hewlett-Packard profit surprise helped offset fears on the future of Fannie Mae and Freddie Mac.


Rss Feed IconLehman faces further $US3bn write-down
Thursday, 21 August 2008 12:00 AM
WALL Street is bracing itself for surging losses and another $US3 billion worth of write-downs at Lehman Brothers.


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