News archive from 23 October 2013

Markets Live: ASX poised for seventh-straight day of gains

10:04am: NBN Co has confirmed that ex-Telstra executive JB Rousselot has been name head of strategy and transformation. This impacts the role of Mike Kaiser, who will leave the company. Mr Kaiser was the head of quality. His appointment in December...

 

Weather takes bite out of AGL's profit outlook

In the year to June, 2013, the underlying net profit was $585.4 million. The largest drag on earnings identified by the company was the warmer than usual winter and spring which will wipe up to $30 million off underlying earnings this financial year....

 

Origin stems market share erosion

At today's annual general meeting of shareholders, managing director Grant King said the erosion of market share has been stemmed, with the company seeing small gains since the June 30 balance date. But the lagged effect of earlier heavy discounting...

 

Weather takes bite out of AGL's profit outlook

In the year to June, 2013, the underlying net profit was $585.4 million. The largest drag on earnings identified by the company was the warmer than usual winter and spring which will wipe up to $30 million off underlying earnings this financial year....

 

Origin stems market share erosion

At today's annual general meeting of shareholders, managing director Grant King said the erosion of market share has been stemmed, with the company seeing small gains since the June 30 balance date. But the lagged effect of earlier heavy discounting...

 

Markets Live: ASX poised for seventh day of gains

10:04am: NBN Co has confirmed that ex-Telstra executive JB Rousselot has been name head of strategy and transformation. This impacts the role of Mike Kaiser, who will leave the company. Mr Kaiser was the head of quality. His appointment in December...

TheAge, 10:12 in Business
 
Complaints to financial ombudsman drop due to tougher laws

Complaints to financial ombudsman drop due to tougher laws

Tougher insurance laws and better hardship programs for bank customers have seen a drop in the number of complaints lodged with Australia's financial ombudsman. In its annual report, the Financial Ombudsman Service says the number of disputes between...

ABC News, 10:13 in Business
 
Markets Live: ASX poised for seventh day of gains

Markets Live: ASX poised for seventh day of gains

10:04am: NBN Co has confirmed that ex-Telstra executive JB Rousselot has been name head of strategy and transformation. This impacts the role of Mike Kaiser, who will leave the company. Mr Kaiser was the head of quality. His appointment in December...

 

Markets Live: ASX poised for seventh day of gains

10:13am: The Australian share market has opened more than quarter of a per cent higher. In early trade, the benchmark S&P/ASX200 index was up 15.5 points, or 0.29 per cent, at 5,388.6. The broader All Ordinaries index was up 14.7 points, or 0.27...

 

Weather takes bite out of AGL's profit outlook

In the year to June, 2013, the underlying net profit was $585.4 million. The largest drag on earnings identified by the company was the warmer than usual winter and spring which will wipe up to $30 million off underlying earnings this financial year....

 

Origin stems market share erosion

At today's annual general meeting of shareholders, managing director Grant King said the erosion of market share has been stemmed, with the company seeing small gains since the June 30 balance date. But the lagged effect of earlier heavy discounting...

 
Federal Government gives Reserve Bank of Australia $8.8 billion grant for 'challenges ahead'

Federal Government gives Reserve Bank of Australia $8.8 billion grant for 'challenges ahead'

The Federal Government has given the Reserve Bank of Australia a $8.8 billion dollar one-off grant to help it manage future economic crises.The money will be added to a fund used offset the central bank's exposure to risky financial assets. The...

ABC News, 10:49 in Business
 
Russian billionaire Abramovich buys historic New York mansion

Russian billionaire Abramovich buys historic New York mansion

RUSSIAN billionaire Roman Abramovich is just $US23 million away from taking over the entire historic Berwind Mansion at 828 Fifth Ave., sources exclusively tell Page Six. The Post reported earlier this month that Abramovich, the owner of Britain's...

 
BHP says new central Qld mine helps deliver strong quarterly result

BHP says new central Qld mine helps deliver strong quarterly result

BHP Billiton says increased production at a new central Queensland mine helped drive a strong third quarter production result for the company.In its quarterly production and sales report, BHP Billiton says metallurgical coal production has increased...

ABC News, 11:10 in Business
 
Outback tribute to cattle duffer Captain Starlight wins tourism gong

Outback tribute to cattle duffer Captain Starlight wins tourism gong

A western Queensland grazing family who diversified into tourism to survive a drought seven years ago has won a state tourism award.Kinnon and Co, from Longreach in the state's central-west, has won the inaugural Queensland Tourism Industry Council's...

ABC News, 11:10 in Business
 
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