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Breaking news business

NAB holds dividend on $6.48b FY earnings

8:37am NAB has lifted its full-year cash earnings 4.2 per cent and held its final dividend unchanged at 99 cents, despite speculation it would cut it.

Stocks to watch

7:35am Stocks of interest on the Australian share market

International markets roundup

7:28am News from the world's major stock markets

Australian market set to open higher

7:54am The Australian share market looks set to open higher following its sharp drop in the previous session and a mixed performance from US stocks.

$A slips as short-sellers cash in

7:29am The Aussie dollar has fallen as short-sellers seeking to profit from the currency as it approached 77 US cents moved in overnight.

Russo backs Target despite Q1 sales slump

3:25pm Target's sales fell 17.1 per cent to $643 million during the first three months of the 2017 financial year, with comparable sales down nearly 22 per cent.

CBA customers hit by payments delay

5:38pm CBA has remedied a tech issue that caused a delay in the processing of payments including wages, Centrelink payments and transfers between accounts.

Bradken sticks to guidance amid takeover

Prashant Mehra 2:27pm Mining and engineering services group Bradken has reaffirmed its guidance of annual underlying earnings similar to last year's.

ACCC calls for mobile roaming submissions

Lilly Vitorovich 1:57pm Australia's corporate regulator has released its discussion paper into the possible regulation of mobile roaming, and is calling for comment.

Better Caring raises $3m

Trevor Chappell 11:39am Privately-owned Better Caring, which aims to change the way that aged care and disability support services are provided, has raised $3m to fund expansion.

Inflation likely to keep RBA on hold

5:46pm Economists aren't ruling out a Melbourne Cup Day interest rate cut, but they think the Reserve Bank is more likely to hold steady.

Ainsworth hit by weaker pokies sales

Trevor Chappell 5:28pm Shares in Ainsworth Game Technology have dived after the poker machine supplier's half year sales in Australia dropped 30 per cent.

ResMed slips on first quarter income drop

Tom Rabe 4:47pm Shares in sleep apnoea device maker ResMed fell 3.8 per cent after the company reported a eight per cent drop in first quarter profit.

Ardent CEO to address Dreamworld tragedy

Peter Trute and Stuart Condie 6:54pm Ardent shares continue to fall in value following the Dreamworld accident that killed four people on a water raft ride.

Coles sales pressured by tough competition

Petrina Berry 4:36pm Competition from Woolworths and Aldi, and a drop in consumer spending, have slowed Coles' sales in the first quarter of 2016/17.

Ramsay reaffirms FY profit guidance

9:15am Ramsay Health Care has reaffirmed its profit guidance for the current financial year, in contrast to a surprise profit warning last week by rival Healthscope.

Stockland sees record residential deposits

Lilly Vitorovich 5:44pm Stockland has reported a near 50 per cent jump in residential deposits as the property developer continues to benefit from the housing boom.

Rinehart spending $393m on UK fertiliser

Gina Rinehart's Hancock Prospecting is taking a $US50 million stake in London-listed Sirius Minerals and paying $US250 million for a royalty stream.

International markets roundup

News from the world's major stock markets

Share market drops 1.5 per cent

Trevor Chappell The share market has posted its worst session in four weeks as stocks in all sectors came under selling pressure.

$A strengthens on upbeat inflation data

The Australian dollar has rallied as the chance of further cuts to the cash rate faded after the release of stronger than expected consumer price data.

Stocks to watch

Stocks of interest on the Australian share market

Ardent confirms four deaths at Dreamworld

Peter Trute Ardent Leisure says it is working urgently to determine how four people died in an accident at its Gold Coast theme park, Dreamworld

Woolies expected to show sales are turning

Petrina Berry Wesfarmers and Woolworths will update the market on their first quarter sales with the former reporting on Wednesday and the latter on Friday.

Carbon footprint impacts shares: report

Prashant Mehra Analysis by global asset manager AXA Investment Managers shows that companies' carbon footprint is impacting their share prices.

WorleyParsons relying on cost cuts

Prashant Mehra WorleyParsons says recent gains in commodity prices have not translated into orders yet but it expects to improve its bottom line with cost cuts.

Royal commission 'waste of money': Bendigo

Stuart Condie Bendigo and Adelaide Bank has largely avoided criticisms that led to calls for a banking royal commission but says an inquiry would be a waste anyway.

Bega shares slump on weak Blackmores sales

Trevor Chappell Bega Cheese's shares have plunged after a joint venture with Blackmores failed to meet sales forecasts of infant formula and nutritional powders

Sirtex upbeat as it waits on cancer trials

Lilly Vitorovich Sirtex Medical is upbeat about its future as the cancer treatment developer awaits the findings of three of its five major clinical studies next year

Tabcorp shareholders content with merger

Tabcorp's board only fielded two questions about its proposed merger with Tatts Group at its annual meeting indicating shareholders are satisfied with the plan.

Residential defaults rise for Mirvac

Petrina Berry Mirvac says defaults on residential property settlements have increased in the first quarter of 2016/17 but it remains on track for higher earnings.

Consumer confidence slips 3.6%: ANZ

Consumer confidence is at its lowest since May after falling sharply on the back of a weak September jobs report and recent stock market declines, ANZ says.

Greencross lifts sales 3.9% in 4 months

Greencross is on track for another solid financial performance as it continues its strong expansion program.

APN to acquire rest of Adshel for $268.4m

APN says it will pay $268.4 million to acquire Clear Channel Outdoor Pty Limited, whose sole asset is its 50 per cent stake in Adshel.

Stocks to watch

Stocks of interest on the Australian share market

International markets roundup

News from the world's major stock markets

Bulls take lead as banks lift Aust stocks

Trevor Chappell Confident investors have pushed the Australian share market higher as earnings reports from three of the big four Australian banks approach.

$A recovers ahead of key inflation data

The Australian dollar is up against its US counterpart as investors await local inflation data, and the possible impact on the next interest rate decision.

Penn urged to take new path for Telstra

Lilly Vitorovich Telstra chief executive Andrew Penn needs to refocus, amid growing analyst concerns about the telcommunication giant's earnings pipeline.

Dividend decision for NAB in bank results

Stuart Condie Three of the big four are about to report annual profits and NAB dividends are under pressure with the bank needing to bolster capital.

Tassal defends salmon farming practices

Trevor Chappell Tassal has released information on its farming practices and other matters ahead of the screening of a Four Corners program about Tasmanian salmon farming.

Masters dents Supercheap Auto sales

Petrina Berry Tool sales at Supercheap Auto have been dented by clearances at Woolworths' collapsed Masters hardware business, says Super Retail Group.

Auction clearance rate at 18-month high

Garry Shilson-Josling, Economist The housing auction clearance rate has hit its highest level since April last year, despite a pickup in the number of auctions held, CoreLogic figures show.

All Medibank investments now tobacco-free

Trevor Chappell Private health insurer Medibank Private has shifted $170 million of investments in international shares to a tobacco-free fund.

Santos sheds Victoria gas assets for $82m

Oil and gas producer Santos has agreed to sell its Victorian gas assets to Cooper Energy for up to $82 million.

Genworth to get new Chinese owners

Chinese conglomerate China Oceanwide has agreed to buy mortgage insurer Genworth's New York-listed parent company for $US2.7 billion ($A3.6 billion).

Yowie posts record quarterly sales

Lilly Vitorovich Yowie has delivered record quarterly sales of $US4.9 million, thanks to a new range of chocolate treats.

Stocks to watch

Stocks of interest on the Australian share market

International markets roundup

News from the world's major stock markets

Health and energy stocks lead ASX lower

Australian shares have finished lower, with healthcare and energy the worst performing sectors.

Aussie dollar weaker against greenback

Trevor Chappell The Australian dollar is lower against the US dollar in quiet trade as investors await the release of inflation data on Wednesday.

NSW remains the nation's top economy

NSW is still on top of CommSec's quarterly state economy rankings, while WA suffers from the end of the mining construction boom.

Aust graziers confirm bid for Kidman land

Senator Nick Xenophon says it would unforgivable for the government to reject the wholly Australian bid for the large S Kidman & Co cattle properties.

AT&T; buying HBO, CNN owner TimeWarner

TALI ARBEL and BERNARD CONDON AT&T is buying Time Warner giving it control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets.

Coke hopes ginger can restore its fizz

Trevor Chappell A cross between Coca-Cola and ginger beer is the latest effort from Coca-Cola Amatil as it aims to boost sales of carbonated soft drinks.

Delay for ASIC bank monitoring measures

Stuart Condie Former Commonwealth auditor-general Ian McPhee has praised banks' efforts on reform but says progress on so-called "user-pays" funding for ASIC has been slow.

Qantas warns of industry headwinds

Lilly Vitorovich Qantas CEO Alan Joyce has told shareholders the airline is not immune from the aviation industry's challenges despite its improved financial performance.

Santos narrows sales, output guidance

Santos is forecasting total sales of between 81-83 million barrels of oil equivalent (mmboe) this year, compared to its earlier estimate of 76-83 mmboe.

BHP Billiton chairman to step down

Prashant Mehra BHP Billiton chairman Jac Nasser will step down after more than 10 years on the company's board, and a global search will be launched to find his successor.

Healthscope punished after revenue warning

Healthscope says revenue growth in its hospitals division could feel the impact if a slowing in patient volume growth continues in the second quarter.

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