Business
The latest rebalance of the Australian Securities Exchange’s major indices show a changing of the guard for some of South Australia’s largest publicly-listed companies.
Business
Mining services company Boart Longyear has reported a US$19 million reduction in revenue for the March quarter, blaming declines in global exploration activity for the result.
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Adelaide-based oil and gas producer Santos has posted a seven per cent rise in annual net profit, as a jump in production helped offset weaker commodity prices across the year.
Investors have given their initial verdict on the findings of the royal commission, driving the financial sector to what looks like being its best day in more than two years.
The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade.
Australian shares have continued to gain ground as Asian markets recover from two days of heavy falls.
