Alex Druce
Bellamy’s stock soars 56% on China buyout
Bellamy’s shares have surged by more than 50 per cent after the infant formula maker announced it had entered into a $1.5...
Myer back in the black, but sales continue to slip
Myer shares have climbed nearly 12 per cent on a better-than-expected full-year profit, but the department store chain’s sales continue to fall....
RBA holds cash rate at record low 1.0%
The Reserve Bank has held the cash rate at a record low 1.0 per cent as it continues to monitor the effect...
Harvey Norman boosts its offshore profit to $400 million
Harvey Norman has lifted full-year profit by 7.2 per cent to $402.3 million with its overseas ventures again outshining local franchisees, which...
Construction downturn tipped to dent GDP
Construction activity fell further again in the June quarter, with the value of work across Australia’s residential and non-residential sectors plummeting by...
BHP misses on profit, pays record dividend
BHP has delivered a record payout to shareholders but the global miner’s underlying result has fallen short of expectations. The ASX-listed titan...
Jobless rate remains stuck at 5.2 per cent
The addition of 41,000 people to Australia’s workforce failed to shift the jobless rate in July, with unemployment remaining at seasonally adjusted...
Job market slack keeps lid on wages
Year-on-year wages growth has remained flat at 2.3 per cent for another quarter, firming up the Reserve Bank’s view that job market...
Telstra profit drops 40% as NBN hits hard
Telstra has reported a 40 per cent fall in full-year profit to $2.15 billion and flagged another earnings squeeze next year as...
Reserve Bank finds plenty of upside for Australian property
The Reserve Bank has issued a surprisingly rosy outlook for the Australian property market. The central bank said on Friday it expected...