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Stuart Condie

Stuart Condie

is an AAP journalist.

NAB follows suit, hikes mortgage rates
Stocks
NAB follows suit, hikes mortgage rates
NAB has finally joined its big four rivals in hiking variable mortgage rates, citing funding costs and shareholders.
RBA holds cash rate at 1.5 pc
Markets
RBA holds cash rate at 1.5 pc
The Reserve Bank has left the official cash rate at a record low, reiterating its economic growth forecasts, while keeping a close watch on stumbling...
Westpac profit flat as compensation bites
Stocks
Westpac profit flat as compensation bites
Westpac has reported a flat full-year profit of $8.07 billion as customer compensation and legal costs reined in performance.
Healthscope again targeted with $4.1bn bid
Stocks
Healthscope again targeted with $4.1bn bid
Private equity firm BGH Capital and AustralianSuper have returned with another $4.11 billion bid for Healthscope, five months after the private...
Fairfax shares bounce on Nine merger news
Stocks
Fairfax shares bounce on Nine merger news
Fairfax Media shares have jumped to their highest level in seven years on the surprise announcement of a merger with Nine Entertainment that will...
CBA to demerge and list wealth management
Stocks
CBA to demerge and list wealth management
Commonwealth Bank will demerge and list its wealth management and mortgage broking businesses, and is looking at selling its CommInsure insurance...
Banks not highly profitable: Westpac CFO
Stocks
Banks not highly profitable: Westpac CFO
Westpac's chief financial officer has told the Productivity Commission that Australian banks are not highly profitable just because they make large...
AdBri's FY profit hit by underpayments
Stocks
AdBri's FY profit hit by underpayments
Adelaide Brighton's full-year profit has slipped 2.3 per cent to $182 million after the cement and masonry supplier took a $17.7 million earnings hit...
Rio offloads aluminium assets for $345m
Stocks
Rio offloads aluminium assets for $345m
Rio Tinto has agreed to offload a bundle of aluminium assets including an Icelandic smelter for a total $345 million.
Fresh Qantas buyback after 18pc profit lift
Stocks
Fresh Qantas buyback after 18pc profit lift
Qantas will return another $378m of capital to shareholders in the form of a share buyback after the carrier lifted first-half profit 18 per cent to...
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