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Business

Breaking news business

Secrecy, security key in pot stock growth

Trevor Chappell 3:33am Medicinal cannabis producer Cann Group is set to join the growing number of "pot stocks" listed on the Australian share market.

Producer prices rose 0.5% in March qtr

Australian Bureau of Statistics shows that producer prices were up 0.5 per cent in the March quarter, compared to the previous three months.

ACCC says Murray Goulburn 'misled farmers'

Trevor Chappell The consumer watchdog is taking Federal Court action against dairy co-op Murray Goulburn over its shock farmgate milk price cut that hurt suppliers in 2016.

Origin quarterly revenue rises

Prashant Mehra Origin Energy's third-quarter revenue is up on the preceding three months, helped by an increase in oil and gas prices and steady production.

Westpac coal refusals a blow for Adani

Stuart Condie Australia's oldest bank has updated its climate change action plan, which appears rule out funding the controversial Adani mine.

Retail's comic lesson on surviving Amazon

Stuart Condie Free Comic Book Day offers Australian retailers a lesson on how they might build a bulwark against Amazon's advance Down Under.

Jetstar angered by 'worst airline' survey

A survey released on Friday by consumer advocacy group Choice found passengers rated Jetstar lowest or equal lowest in six of nine categories.

Brightree helps boost ResMed Q3 revenue

Trevor Chappell ResMed's US software unit, Brightree, and strong demand for respiratory face masks and machines has helped lift third-quarter revenue by 13 per cent.

Pacific Consortium drops Tatts pursuit

Petrina Berry and Trevor Chappell Tatts Group has again rejected a takeover proposal from Pacific Consortium, prompting the predator to drop its pursuit.

Stocks to watch

Stocks of interest on the Australian share market

International markets roundup

News from the world's major stock markets

Near-flat finish but ASX continues gains

Trevor Chappell The Australian share market has closed slightly higher, but few sectors provided clear direction.

Blackmores sales down, but on the improve

Trevor Chappell Blackmores says sales in the first nine months of the financial year are lower than a year ago, but have been improving through the year.

Testing times for Ten Network

Ten Network has heavy hitting shareholders and Logie-winning programs but earnings remain under pressure

Debt rethink to open infrastructure spend

Marty Silk Economists believe the Turnbull government will soon end Australian politics' decades-old damning of debt in any form and move to fund critical infrastructure.

Profit underestimated, says Spotless

Trevor Chappell Takeover target Spotless Group says its expectations for underlying profit in the next financial year are not reflected in current broker forecasts.

Gas industry weighs impact of export curbs

Prashant Mehra The gas industry has criticised the federal government's export restrictions for liquefied natural gas, while Santos shares have slumped.

Terms of trade boosted by commodity prices

The Australian Bureau of Statistics has released the official trade price indexes for the March quarter.

Debbie to hit Wesfarmers coking coal sales

Wesfarmers expects full-year coking coal sales volumes to be at the lower end of its guidance range because of Cyclone Debbie's impact in Queensland.

Wesfarmers retailers Q3 sales

Snapshot of Wesfarmers retail businesses total sales for the March quarter.

South32 cuts guidance for some commodities

South 32 has cut full-year production targets for several commodities after disruptions at its South Africa and Western Australia operations.

Coles sales slow as price war takes toll

Petrina Berry The pace of sales growth at Coles continues to slow, a sign it may be losing customers to rivals Woolworths and Aldi.

Newcrest eyes FY target despite Cadia hit

Prashant Mehra Gold miner Newcrest expects to hit its full-year guidance despite a drop in March quarter output and a likely disruption of several months at its biggest mine.

Northern Star lifts sales in March quarter

Gold miner Northern Star has lifted output to 132,558 ounces of gold in the March quarter and expects to comfortably achieve its full-year guidance.

Stocks to watch

Stocks of interest on the Australian share market

International markets roundup

News from the world's major stock markets

Banks drive modest share market gain

Lilly Vitorovich The share market has gained ground for a fifth straight session, with investors continuing to buy financial stocks.

Ten's fate lies with major shareholders

Lilly Vitorovich Ten Network's future looks bleak as management seek to improve the broadcaster's earnings performance to secure new funding of $250 million.

Deborah Thomas' time at Ardent Leisure

Some of the key moments for theme park owner Ardent Leisure during Deborah Thomas' two years as CEO.

Inflation returns to RBA's target band

Marty Silk Consumer prices rose 0.5 per cent in the March quarter and 2.1 per cent annually, putting consumer price rises in line with the Reserve Bank's forecasts.

Thomas steps down as Ardent Leisure CEO

Marty Silk and Trevor Chappell Dreamworld owner Ardent Leisure has announced the surprise end of CEO Deborah Thomas's brief tenure.

Aurizon Qld coal volumes drop 5% on Debbie

Rail freight operator Aurizon says coal haulage volumes in Queensland were down five per cent in the March quarter because of Cyclone Debbie.

Low wage growth sapping confidence: ANZ

Marty Silk Low wage growth and rising global geopolitical risks are weighing heavily on consumer confidence, which has fallen for a second consecutive week, ANZ says.

Stocks to watch

Stocks of interest on the Australian share market

BHP cuts copper guidance, plans shale sale

Trevor Chappell Industrial action at the Escondida copper mine has forced BHP to cut its full-year production guidance but investors still seem reasonably happy.

Bounce in China sales boosts a2 Milk

Petrina Berry Infant formula maker a2 Milk has upgraded its full year revenue forecast due to surprisingly strong sales in Australia and China.

International markets roundup

News from the world's major stock markets

Banks lead Wall St catch-up in ASX gains

Trevor Chappell The share market has gained ground as investors catch up with overseas gains following the Anzac Day holiday.

LVMH takes control of Dior in $A17b deal

French luxury empire LVMH has agreed to take full control of fashion giant Christian Dior in a mammoth deal worth around $A17 billion.

Inflation set to match RBA target

Prashant Mehra Consumer prices in the March quarter are expected to have lifted 0.6 per cent on the back of rising costs for petrol and for fruits and vegetables.

Inflation set to match RBA target

Prashant Mehra Consumer prices in the March quarter are expected to have lifted 0.6 per cent on the back of rising costs for petrol and for fruits and vegetables.

Village Roadshow hit by theme park woes

Investors dumped Village Roadshow shares after the theme park operator warned of a 9.4 per cent decline in Gold Coast visitors.

ASX company sells DroneGun to G7 military

Petrina Berry DroneShield, an ASX-listed company that develops drone detection technology, says the military of a G7 country has bought its DroneGun.

Auctions surge, but clearance rate slips

Lilly Vitorovich The number of auctions held in the capital cities in the week to April 23 more than tripled to 1,732, but the clearance rate slipped.

Tatts predator to allow dividends

Trevor Chappell Pacific Consortium says dividend payments to Tatts shareholders won't affect its $4.21-a-share offer should a transaction take longer than expected.

Spotless rejects Downer EDI takeover bid

Spotless has rejected Downer EDI's takeover bid, arguing that it undervalues the company and is hostile and highly conditional.

Stocks to watch

Stocks of interest on the Australian share market

International markets roundup

News from the world's major stock markets

Shares boosted by French election relief

Petrina Berry The share market has finished Monday stronger with the financials leading the gains followed by energy and consumer stocks.

NSW still boasts top economy

Trevor Chappell NSW remains solidly on top of the nation's economic performance rankings, according to CommSec's latest State of the States report.

Investors waiting on international moves

Angus Livingston Australian investors will play the waiting game on major political and corporate news due this week, CommSec's chief economist says.

Inflation likely to hit RBA target band

Prashant Mehra Consumer prices in the March quarter are likely to have lifted 0.6 per cent on the back of rising costs for petrol, fruits and vegetables and tobacco.

ANZ continues Asian divestments in Vietnam

Stuart Condie ANZ is continuing its downsizing in Asia by selling its retail banking operation in Vietnam to the local arm of South Korea's Shinhan Financial Group.

CBA hikes interest-only and investor rates

CBA is lifting fixed investor and interest-only mortgage rates by up to half a percentage point, with owner-occupier principal and interest loans unchanged.

Kogan lifts full-year earnings forecast

Petrina Berry Kogan.com has upgraded its full-year earnings outlook after stronger-than-expected trade in the three months to March 31.

BHP to invest in Queensland coal project

Prashant Mehra BHP Billiton Mitsubishi Alliance will invest $US204 million for an overland conveyor system between two of its coal mines in Queensland's Bowen Basin.

People still cynical about banks: McPhee

Major banks have updated protections for staff who flag suspicions of wrongdoing but the public remains cynical of their commitment to change, Ian McPhee says.

Mixed stock market debut for Tinybeans

Lilly Vitorovich Niche social media network Tinybeans has made a timid arrival on the Australian share market after raising $6.5 million to fund its growth.

FIRB okays CKI's $7.5bn DUET bid

Trevor Chappell Hong Kong's Cheung Kong Infrastructure has secured FIRB approval for its $7.5 billion acquisition of energy utility operator DUET Group.

Coca-Cola Amatil flags profit weakness

Prashant Mehra Soft drinks maker Coca-Cola Amatil expects first-half underlying net profit to fall because of lower-than-expected sales at its Australian beverages business.

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