BUSINESS

Photon Group founder Tim Hughes will step down as executive chairman after the company announces a trading update today.

World stocks, as measured by the MSCI, are down more than 7% since January, leaving many investors wondering where grow...

Worries about bank regulation, the global economy, US economic growth and BP saw markets finish mostly lower on Friday.T...

Oil prices rose more than 3% on Friday, but it had nothing to do with the normal ebb and flow of the markets and daily a...

Last week the US Federal Reserve surprised with a post meeting statement that weakened its previously confident stance a...

A big week for markets here and offshore, and for investors large and small.The 2009-10 financial year and the second q...

The Phillips River gold project is not likely to be cancelled if the resource super profits tax is implemented in its current form, according to Junior gold and base metals explorer Tectonic Resources.

With 48 ASX200 companies now trading on single digit FY11 multiples, is there "value" in the Australian share market?

Ford Australia chief Marin Burela is in drive for a greener Ford Territory and more fuel efficient power in its Landmark Falcon, believing that these are among the initiatives that will uphold the company's fortunes in Australia.

Starting Thursday this week, the Australian Securities and Investments Commission (ASIC) will be granted the authority to void skyrocketing home loan exit charges that are not directly related to expenses banks actually shouldered in closing accounts, a clear benefit for consumers and home owners.

Vodaphone Hutchison Australia has started on a multi-million-dollar exercise that will see all 93 of VHA's 3 mobile stores revamped as multi-branded Vodafone and 3 stores.

Telstra intends to acquire companies with software capabilities and product development as it seeks to chart a new course to focus on digital households and customer services, David Thodey, chief executive officer of Telstra said.

Chinese consumers' growing thirst for premium Western Australian wine has led to a new book profiling top local wineries.Agriculture and Food Minister Terry Redman will tonight launch the ‘Western Australia Wineries' book, as part of a WA wine masterclass in Shanghai. The publication is printed in...

Fonterra Australia has launched a new incentive payment which provides returns to all Victorian and Tasmanian suppliers, gives improved cash flow through the season and enhances the popular Seasonal Ratio Payment (SRP) with up-front payments.Fonterra's National Milk Services Manager, Heather Stacy, ...

Some of the biggest names on the world food scene are heading to Sydney this October for the Crave Sydney International Food Festival, including some of the hottest stars from the World's Best Restaurants list.Festival Director Joanna Savill today announced the extraordinary line up fronting the Wor...

Cold Rock Ice Creamery is embracing the social media revolution by using Facebook and Twitter to communicate with its customers.The national ice cream franchise, which has an official Cold Rock Facebook fan page, is encouraging franchisees to set up their own fan pages to give customers exclusive co...

Lenders offering the most competitive interest rates, and mortgage borrowers will be amongst those who benefit the most from the proposed Australian federal government ban on unfair mortgage exit fees, according to Australian banking major NAB.

Management of The Reject Shop has confirmed earnings guidance and brokers are encouraged by expansion plans.

The Australia 200 CFD Index finished 1.5% lower, with material and energy names detracting most of the points.

Mining companies’ gains on yesterday’s leadership change were reversed today as overall share market slid by 1.4 percent, with the All Ordinaries index dipping by 60 points to 4,444 as of 1438 AEST while the ASX 200 shed 62 points to 4,418.

Perth-based Samson Oil & Gas Ltd announced on Friday that it has sealed a binding deal with a large US-based oil and gas producer for large-scale acquisition of the junior company’s US estate to the tune of $US79 million or $A91.5 million.

Plans to demerge Guinness Peat Group Australia should be dropped as it is not backed by shareholders, according to GPG director Tony Gibbs.

Mosaic Oil NL announced today that it has sold its Papua New Guinea subsidiary for $US11 million or $A12.7 million in cash to an unidentified company it merely described as a major player in the international oil and gas industry.

Fuel marketer Caltex Australia expected its net profit for the first half of calendar 2010 to reach half of what was earned from the same period last year based on a stronger Australian dollar.

Guinness Peat Group (GPG) director Tony Gibbs said on Friday that the company must abandon its planned spin off on its Australian operation, which it announced last week along with its intention to float Coats Group within the year.

Mining firm Rio Tinto has finally opened its high-tech operations center in Perth today that would remotely control and maneuver the mining giant's network of mines, rail systems, infrastructure facilities, and its port operations in Western Australia's Pilbara.

Shanghai-based Bright Food is on its way to signing a contract with Australian conglomerate CSR over the sale of the latter's Sucrogen. Reports suggested a settlement could be reached as soon as today.

Australian mining group Macarthur Coal has urged the new Prime Minister Julia Gillard to water down and take out the revenue from the proposed resources super profit tax .

Downer EDI’s Board has announced its appointment of a new Deputy Chairman in the person of Mike Harding today, starting July 1, 2010. Currently, Mr. Harding is non-executive director of Santos Ltd. and chairman of Clough Ltd. He had also held various administrative positions with British Petroleum. Since July 2008, Downer has had him as Director.