Australian shares lose ground at noon

Australian shares lost ground by noon as sentiment was dampened by falls on overseas markets.

Dollar lower on equities and leadership

The Australian dollar was lower at noon as markets softened and uncertainty surrounded the Labor leadership.

Virgin says net profit doubles in 1H12

Virgin announced a net profit for the six months to December 31, 2011, came in at $51.8m, up 118 per cent.

Origin lifts net profit to $794m

Origin posted a first half net profit of $794m compared to a $136m loss for the previous corresponding time.

Toll Holdings first half profit falls 4%

Toll posted a net profit of $158 million for the six months to December 31, 2011, a four per cent fall.

New Perpetual boss gets tough on costs

Perpetual's new chief executive says the company will aggressively cut costs as profits continue to fall.

Tatts on track to up second half profit

Tatts Group has lifted its first half profit by 11 per cent and is encouraged by the outlook for the year.

IAG profit falls, claims costs rise

IAG's first half profit fell by 10.6 per cent after incurring $396 million in claims from natural disasters.

Austar customers down, profits up

Austar's full year net profit rose by 21 per cent despite a fall in the number of subscribers.

Fairfax first half profit down 44%

Fairfax Media's first half profit fell by 44 per cent, posting a net profit of $96.7m down from $172.3m.

ConsMedia reports decline in NPAT

Consolidated Media Holdings says net profit declined in the first half amid a challenging retail environment

$A falls after Rudd's resignation

The Australian dollar has fallen to its lowest level in a month.

$20b saving from super reform - govt

A research group says millions of Australians have lost or forgotten superannuation funds.

Rudd denies Clubs Australia pokie claims

Kevin Rudd says he has never asked any MP to speak to Clubs Australia about pokie machine reforms.

Exxon Mobil signs 20yr leases in Nigeria

Officials say Exxon Mobil Corp has signed 20-year leases on three major oil fields in Nigeria.

Atlas Iron, enough for Flanagan

New deal 'binds Greece to euro'

Honda recalls Odyssey minivans in US

GM's alliance talks with Peugeot Citroen

APN slides into red with $45m FY loss

Business urged to act in Aussie interest

Vic nurses warn of rolling stoppages

Small business to 'pay super increase'

Pluto delay dents Woodside profit

Aust stocks flat despite Greek debt deal

$A drops despite steady Chinese data