News
Donald Trump flags visit to Australia
US President Donald Trump says he will be visiting Australia “at some point” and has hailed Scott Morrison as “fantastic”. The two leaders met on the sides of the G7 meeting in Biarritz and Mr […]
Month: August 2019
Business
Bellamy’s shares fall after FY profit drop
Bellamy’s shares have dropped as much as 14.5 per cent after the infant formula maker deferred its medium-term revenue target as full-year profit fell by nearly half. Profit for the 12 months to June 30 […]
Business
Macquarie Group flags $1bn capital-raising
Macquarie Group will embark on a $1 billion capital-raising program as it seeks to shore up investments and meet new APRA credit risk requirements. Shares in the wealth management and financial services group were placed […]
Markets
Demand doubts cap copper price
Copper prices steadied overnight but remained near two-year lows on worries about damage to industrial activity and demand from the prolonged US-China trade conflict. Benchmark copper on the London Metal Exchange was untraded at the […]
Business
Virgin to cut 750 roles on full-year loss
Virgin Australia says it will cut 750 corporate and head office positions as part of a restructure after posting a “disappointing” full-year loss of $349.1 million. Revenue for the 12 months to June 30 rose […]