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Transfield returns to profit

Transfield Services bounced back into the black in the past year says positive momentum is building.
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Harvey Norman has lifted annual sales despite a weak retail market, and expects a strong housing market to drive improvement in the year ahead.
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Woolworths profit rises to $2.45b

Woolworths has lifted its annual profit to $2.45 billion and expects moderate growth in the year ahead.
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NAB to float US subsidiary

National Australia Bank will sell a stake in its US subsidiary Great Western Bank through an initial public offering.
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Qantas at risk of ratings downgrade

Qantas is at risk of a further downgrade to its credit rating if it doesn't come good on its promise to improve earnings.
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No flight path to profit for Virgin

Virgin boss John Borghetti has been unable to provide a flight-path to profitability after the airline announced losses of $355.6 million.
Losses double but the full financial impact of the double tragedies of MH370 and MH17 is expected to hit Malaysia Airlines in the second half of the year.

City homes under $400,000 a rarity

The number of capital city houses priced under $400,000 in capital cities last financial year has more than more than halved from a decade ago.
Monash IVF expects to meet its forecasts for fiscal 2015 and is looking for expansion opportunities in Asia.
Unions say the Qantas board should be sacked after the airline posted one of the worst losses in Australian corporate history.
The owner of women's fashion brand Review is confident of lifting its profits this financial year.

PMP turns around from loss

Cost cutting has paid dividends for printer and distributor PMP, as it returned to profitability in the 2013/14 year.
Australian business investment beat expectations in the June quarter, rising 1.1 per cent, official figures show.
Billabong's full year losses have shrunk to $233.7 million as it carries on with the massive task of turning around its troubled surfwear business.

Jetstar loses ground in NZ

Jetstar's share of New Zealand's domestic market has fallen to 20.7 per cent, but it says yields have improved on key routes.
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Editor's Choice

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A famous Seoul dog meat restaurant is closing, reflecting the state of a trade that is neither legal nor explicitly banned in South Korea.