Stock Market & Financial News - Trading Room

Henderson Group profit sinks, CEO quits

Henderson Group posted a 54 per cent plunge in first half profit and says it's not optimistic about fund flows for the rest of the calendar year.

Peel Exploration shares up

Shares in Peel Exploration rose after the base metals explorer said it identified high grade tungsten-molybdenum mineralisation at its Attunga project in NSW.

Golden Gate Petroleum shares soar

Shares in oil and gas explorer and producer Golden Gate Petroleum have surged after encouraging results from early drilling at its Bullseye prospect in the US.

AWB enlists ex-deputy PM in reform push

Agribusiness AWB says it has enlisted the support of ex-deputy PM and National Party leader John Anderson for the company's constitutional reform push.

Toyota cuts 2009 global sales forecast

Toyota Motor Corp has slashed its 2009 global sales target due to slowing demand, pushing back plans to sell more than 10 million vehicles in a year.

Austbrokers eyes slower growth

Insurance broker Austbrokers Holdings expects only modest profit growth in the current year and will look to boost its earnings through acquisitions.

Tiger Airways to ply more routes

Tiger Airways will fly from Adelaide to Hobart, the Gold Coast, Perth and Alice Springs, from March next year after setting up a base in South Australia.

Australian reports

• Aust markets: Resource, finance stocks boost market
• Aust dollar report: $A closes higher after strong capex data
• Aust credit close: Bonds close weaker

World reports

• World commodities: Oil prices climb
• World markets: US stocks swing higher

Stocks to watch

BNB, BCM, REA, VRL, TTS, QGC, ORG, AMP, ALL, MCC, NPX, MQG,

ANZ joins other big banks in fixed rate cuts

MELBOURNE, Aug 28 AAP 6:08PM ANZ Banking Group Ltd has joined the other big banks in lowering its fixed home loan rates and fixed residential investment loans rates by between 30 basis points and 50 basis poin...

European shares dip at open, London down 0.11 percent

LONDON, Aug 28 AFP 6:08PM Europe's main stock markets slid in opening deals today, with London's FTSE 100 top shares index down 0.11 per cent at 5,522.10 points.

Aust dollar closes higher after strong capex data

SYDNEY, Aug 28 AAP 5:58PM The Australian dollar closed higher today after indications business investment remained strong reduced expectations of an aggressive easing of monetary policy by the Reserve Bank ...

Fairfax Age and SMH journalist vote to go out on strike(Update)

MELBOURNE, Aug 28 AAP 5:57PM Journalists at Fairfax newspapers The Sydney Morning Herald and The Age have voted to strike until Monday, the Media Entertainment and Arts Alliance (MEAA) says.

Babcock & Brown Wind asset sales to prop up security price

MELBOURNE, Aug 28 AAP 5:54PM Babcock and Brown Wind Partners Group (BBW) has moved to shore up its ailing security price by earmarking 40 per cent of the proceeds of a partial sale of its Spanish portfolio to ...

B&B Wind asset sales to prop up security price (Update)

MELBOURNE, Aug 28 AAP 5:54PM Babcock and Brown Wind Partners Group (BBW) has moved to shore up its ailing security price by earmarking 40 per cent of the proceeds of a partial sale of its Spanish portfolio to ...

Tatts says prospects good in FY09, books FY08 NPAT $257.6m

AAP 5:47PM By Trevor Chappell

AMP in strong position to take advantage of 2009 improvements

SYDNEY, Aug 28 AAP 5:44PM AMP Ltd says it's in a strong position to take advantage of an expected improvement in financial market conditions in 2009, after posting a fall in first half net profit as the val...

Aust stocks up, driven by resources and banks, strong US lead

PERTH, Aug 28 AAP 5:44PM The Australian share market closed firmly in the black, driven by gains in resources and finance stocks following a positive lead from Wall Street overnight.

AMP in strong position to take advantage of 2009 (Update)

SYDNEY, Aug 28 AAP 5:45PM AMP Ltd says it's in a strong position to take advantage of an expected improvement in financial market conditions in 2009, after posting a fall in first half net profit as the val...