Breville Group has reaffirmed its guidance for a sharp lift in profit for the full financial year after reporting a 43 per cent rise in first-half earnings but says the strength of the economic recovery remains uncertain. The electrical products importer and distributor said yesterday net

Mr Davis said Tiger Australia was well positioned for growth as it entered the next stage of its development. "Tiger Airways Australia has been profitable for two successive quarters, proving that our Australian business has exited the start-up phase at a faster pace compared to the

The chief executive of Amcor, Ken MacKenzie, said it was ''not sensible'' to give guidance in the current economic environment. The company yesterday reported a 2.3 per cent increase in net profit to $95 million for the first half. Sales volumes had stabilised at levels higher than those

WASHINGTON (AFP) - The International Monetary Fund said Friday it would provide 3.3 billion dollars to Romania, part of a massive loan aimed at helping the EU member recover from a severe recession. The latest installment brings to 12.6 billion dollars the money Romania has received under

A survey of loan officers in all of Australia's big and regional banks reveals they expect credit standards to be tightened over the next six months, with home borrowers , consumers and small to medium sized enterprises the hardest hit. Underwriting standards for large corporates are

AFP Diageo, the world's biggest maker of alcoholic drinks, on Thursday reported a 10 per cent drop in net profits during the first half of the company's financial year, hit by a weak economic environment. The maker of Guinness, Baileys liquor and Smirnoff vodka said net profit fell

Tuesday February 2, 2010, 8:45 am Adelaide-based listed investment group , Argo Investments has joined its peers in reporting interim earnings lowered by the decline in corporate dividend payouts. The trend (which has been mentioned by all investors including the industr

By Keith Campbell The pound fell to $1.6172 from $1.6182 yesterday. Earlier today, it traded as high as $1.6276. The currency pared gains against the euro, trading at 1.1159 from 1.1625 earlier. S&P cited “the country’s weak economic environment, the reputational damage we bel

Thursday January 28, 2010, 8:32 am Australia's largest listed investment company, Australian Foundation (ASX: AFI.ax ) , says it is cautious, but confident about the outlook, despite experiencing the anticipated slump in earnings for the December half year as public companies cut