Shares in DuluxGroup have soared more than 27 per cent to a record high after its board backed a $3.8 billion acquisition proposal by Japanese paint giant Nippon. The Australian paint and homeware company recommended on […]
BHP Group, the world’s biggest miner, has joined rival Rio Tinto in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits. Cyclone […]
The Australian dollar retreated as policymakers reminded markets of the risk of rate cuts, nudging bond yields lower. The Aussie dollar slipped 0.4 per cent to 71.46 US cents and away from a six-week peak […]
Takeover target Lynas Corp Ltd on Tuesday reported a 32.5 per cent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers Ltd . […]
Vitamin maker Blackmores has reported a 14.3 per cent fall in net profit for the first nine months, as the company continues to grapple with softening demand from its largest Asian market, China. Net profit […]
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