Future Fund strategy shift reaps rewards
The $92 billion Future Fund says it will maintain its shift to listed equities, infrastructure and private equity after reporting returns that beat the performance of superannuation funds.
China's austerity drive takes toll on Treasury Wine sales
Treasury Wine Estates, the world's largest pure-play winemaker, has warned that consumer demand for wine in China has softened as a result of March's leadership change and a recent austerity drive pushed through by the central communist government.
Warmer winter hits AGL, Origin Utilities Flat earnings forecast
Unseasonably warm weather and the lingering effects of intense competition will weigh on the earnings of two of the country's largest energy utilities - AGL and Origin Energy - in the year ahead, with both forecasting flat earnings.
Crash puts McAleese float on hold
McAleese Transport has indicated that plans for a $155 million public float will be delayed until after Christmas, as it deals with the fallout from a fatal fuel-tanker crash early this month.
Market breaks rising spiral on China bank liquidity fears
The sharemarket fell for the first time in seven trading sessions after a jump in China's money market rate.
Marks & Spencer executive to help revitalise Target
'It is still unclear what role Ms Ridley Whittle might have.'
Meridian IPO raises NZ$1.88bn
The New Zealand government sold shares in the Meridian Energy IPO at the bottom of the indicative pricing range.
Abbott's chance to seize the G20 lead
Australia will chair the G20 for a year beginning in December. With a host of global trade issues critically ignored, Tony Abbott must set a disciplined agenda to get multilateral consensus back on track.
Lazard may snare Medibank Private mandate
Lazard's predecessor Carnegie Wylie conducted two previous studies on the potential privatisation of the health insurer.
The Aussie's busy day
The Aussie dollar swung in a wide one-cent range this afternoon, leaving traders scratching their heads.
MOC defaults on outlook
Mortgage Choice (MOC) is the second worst performer on the Uncapped 100 today with the stock suffering its biggest one-day selloff in nearly a year.
Seven stocks that are not so magnificent
These well-known companies are all trading well above their intrinsic values.
Small caps in AGM firing line
These three stocks are at risk of issuing disappointing outlooks or guidance at their next AGMs.
WCB: All the way to $8.50?
The Victorian dairy group can lure offers well beyond last week's $7.50 Murray Goulbourn bid.
Aust stocks close lower
Local market drops after fresh five-year intra-day high, investors raise eyebrows at report of Chinese banks writing off debt.