Increased competition is making attracting subscribers more difficult for Pay-TV group Austar, so brokers are trimming expectations for the stock.
Experts have warned that retail may take years to recover with continual sales over the past year having trained consumers to expect and only accept reduced prices.The warnings come as research group TNS' Discount Retailing Study found that 65% of Australians perceive retailers to constantly have sa...
Speaking in Orange today Australian Greens Leader Bob Brown called for a national register of foreign purchases of land or water in rural Australia."In the coming century food and fibre production will be a huge issue as the world population soars to 10 billion people or more," said Senator Brown."I...
Australian mining firm Rio Tinto and Chalco today signed a binding agreement to establish a joint venture (JV) covering the development and operation of the Simandou iron ore project in Guinea.
Australian digital publishing services provider Realview today confirmed that more than 30,000 editions from over 2,000 publications it produces for clients can now be interactively viewed on the Apple iPad, without having to download anything from the App Store.
The Reserve Bank of New Zealand Governor Allan Bollard is likely to raise interest rates in September and then take a respite to allow the economy to grow further amid a fragile global recovery, RBC Capital Markets today said in a forecast.
The ASX 200 makes a last minute attempt to break into positive territory but gets sold off in the post market auction
Junior coal miner Aston Resources Ltd has been reportedly identified by mining giants Xstrata and Peabody Energy Corporation for a possible buyout deal as sources privy to the company’s moves revealed that an initial public offering would be announced next week to raise an estimated $400 million.
The Australian share market broke a four day winning streak today, despite an afternoon buying frenzy which briefly the main indices in the black. A weak lead from Wall Street saw local investors pull back, with the All Ordinaries Index (XAO) closing down 5.9pts or 0.1pct to 4536.2.
Australia's share market has snapped a four day winning streak, after finishing a little weaker despite gains to miners and banks.
Freight company TNT announced in a statement today it had launched a new $6 million depot in East Arm, signalling its expanding international business and ongoing commitment to the Darwin region.
Gas and electricity firm Arrow Energy Ltd (ASX: AOE) said on Thursday that its annual gross sales in financial year 2010 indicated strong performance in the June quarter as gas and electricity sales more than doubled from the prior year.
The Australian share market was weaker by early afternoon after a negative lead from Wall Street, while the resources sector rallied.
Many Australians are bracing for a property slowdown over the next 12 months following the accelerated price expansion seen last year as the latest survey by the National Australia Bank (NAB) showed that the annual property price growth plunged from the 5.2 percent posted in March to a mere 1.4 percent in the June quarter.
Australian airline company Qantas (ASX:QAN) today launched a trial of its all-new Next Generation Check-in system at its domestic terminal at Perth Airport.
To help it sell five-year bonds, SPI (Australia) Assets Ltd., a unit of Singapore Power Ltd has acquired the services of Commonwealth Bank of Australia and Westpac Banking Corp.
The Australian share market is currently off by 0.4pct or 20.4pts to 4521.7 with almost all sectors currently in the red at lunch.
The spot uranium price has suddenly jumped but experts are warning investors not to read too much into it.
Oil major Royal Dutch Shell is likely to join Chevron's Wheatstone liquefied natural gas project in competition with Woodside Petroleum's Pluto project.
Whitehaven continues to make progress at its Narrabri longwall operation
Australia's major project development and contracting group Leighton Holdings (ASX: LEI) has secured a five-year $100m contract with Queensland's electricity provider, Ergon Energy.
A transport group said on Thursday that enabling trucking companies to implement the dual-run system would lead to better profits, slashed costs and less travel time for the freight industry as the Australian Competition and Consumer Commission (ACCC) instructed DP World Australia and Patrick to set up a blue print on the trucking scheme.
Regional Express Holdings Ltd (REX) (ASX: REX) announced on Thursday that it is set to reduce its seat capacity by 18 percent for the Port Lincoln-Adelaide service route in South Australia, blaming stiffer competition from QantasLink which earlier resumed its flight services on the region.
Australia's lottery market is worth $3.6bn a year but only 4% of punters play online. Manaccom is well established to take advantage of inevitable growth.
Australian telecommunications and media company Telstra (ASX: TLS, NZX: TLS) is continuing with its plans to lay-off the 900 operational employees announced several weeks ago, according to a statement released today by the Communications Electrical Plumbing Union.
Property specialist Centro Properties Group (CNP) (ASX: CNP) said on Thursday that its financial arrangements covering a total of $US2.7 billion or $A3.03 billion of debt in the company’s US operations have been completed amidst the business’ continued restructuring.
Graeme Hunt, chief executive of Lihir Gold, says it is still possible to better the cash bid worth $9.7 billion by Newcrest Mining.
Graeme Hunt, chief executive of Lihir Gold, says it is still possible to better the cash bid worth $9.7 billion by Newcrest Mining.
Queensland's resource and construction industry employers today convened to discuss the latest issues confronting them under the Fair Work Act
Overnight, US stocks retreated on the back of a disappointing earnings report from Dow component Boeing and the latest Beige Book report which suggested several districts were experiencing softening growth.
