Marketplace

Supermarkets hit back at rip-off claims
Australia's major supermarket chains have hit back at claims they are ripping off consumers and suppliers by using the same products in their various in-house brands, but charging different...

Centro will defend class action
Debt-laden Centro Properties Group Ltd said on Monday it would vigorously defend a class action brought against it by shareholders over it allegedly not disclosing the true state of its finances.The...

AGL reiterates earnings guidance
Australia's largest power retailer, AGL Energy Ltd, has reconfirmed its full year guidance as the company continues to reassure the market of its outlook after a surprise earnings downgrade in...

Optus joins Australian iPhone party
Optus has announced that it will become the second mobile phone carrier in Australia to sell the iPhone.The two-sentence press release confirms speculation that the Singapore-owned telco will sell...

Rates deterring demand for home loans
The nation's appetite for property is waning as back-to-back interest rate rises by the Reserve Bank of Australia (RBA) in February and March to near 12-year highs have dented mortgage approvals,...

MBF policyholders approve BUPA merger
Health insurer MBF Australia Ltd policyholders have approved a $2.41 billion merger with BUPA Australia.The majority of MBF's 820,000 policyholders who voted were in favour of the takeover by...

NIB upbeat despite Medicare changes
Australia's only listed private health insurer, NIB Holdings Ltd, on Monday confirmed its full year market guidance as the company's share price fell sharply ahead of changes to the Medicare...

Westpac may offer premium for St George
Westpac Banking Corporation is in talks with St George Bank Ltd about a merger that will create Australia's biggest financial services company.A combined Westpac and St George would create a $64...

Bluescope 'on track' for strong 2nd half
BlueScope Steel Ltd, Australia's largest steel producer, has forecast net profit of about $305 million for the quarter amid strong global prices for steel products.The steel maker said on Monday...

Business confidence falls - survey
Business conditions might have stabilised in April but confidence continued to worsen, signalling difficult times ahead, a survey says.National Australia Bank's (NAB) monthly business survey for...

Bougainville too slow reopening Panguna
Bougainville Copper Limited (BCL) must speed up their process to reopen the abandoned Panguna mine, President of European Shareholders of BCL says.Axel Sturm, in Papua New Guinea's capital, Port...

Pan Australian opens mine in Laos
Pan Australian Resources Ltd has officially opened its $US241 million ($A257.03 million) Phu Kham copper-gold mine in Laos.Commissioning was completed several months ahead of the company's...

Westpac approaches St George over merger
Westpac Banking Corporation has approached St George Bank about a proposed merger between the two companies.St George told the Australian stock exchange on Monday that Westpac had approached it after...

More positive data on osteoporosis drug
Biotech Bone Medical Ltd says it has obtained more positive data from tests of its oral drug to treat osteoporosis.Bone Medical said the results came from a second clinical trial of its oral...

Warwick identifies iron ore target
Minerals explorer Warwick Resources Ltd has identified its largest direct shipping iron ore target to date at its Woggaginna project in Western Australia's Pilbara region.The project contains...

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