UPDATE: Australia&#39;s Foodland Net Up 19% On Asset Sales
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PERTH (Dow Jones)--Buoyed by one-off gains from the sale of property assets and a New Zealand department store business, Australasian retailer Foodland Associated Ltd.
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Organics help lead the way as the supermarket chain continues to ring up sales and profits.
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Business & money: Supermarket chain trumps rivals with 9% sales jump, and new ad campaign helps lift profits
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Coles Myer Ltd. Australia&#39;s biggest retailer, increased second-half profit by 26 percent after opening fuel and convenience stores, selling more-profitable groceries and cutting costs.
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By Morag MacKinnon Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Australia&#39;s fifth-largest lender, St. George Bank Ltd. (SGB.AU) reported an 18% rise in full year net profit to A$717 million on Monday, and separated
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Australian dairy group National Foods says its shares are worth up to 22% more than a hostile $A1.6 billion takeover offer by New Zealand dairy giant Fonterra.
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Business & money: Â· Shares hit record high after Â£732m market raidÂ· Emirate royal family is now biggest shareholder
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US producer prices shot up 1.7 percent last month, the biggest gain in nearly 15 years and well above expectations, as energy costs skyrocketed and food prices surged, a government report showed on Tuesday.
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St George Bank, Australia&#39;s fifth-largest, says annual net profit rose 18 per cent to A$717 million ($782 million) on stronger housing and business lending and it forecasts double-digit
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THE Australia and New Zealand Banking Group announced a record increase in full-year profit of almost 20 per cent yesterday. ANZ, the smallest of Australia&#39;s big four banks, generated after-tax profit of $2.
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Stockland, Australia&#39;s second-biggest property trust by market value, will make a proposal involving General Property Trust, raising speculation it may trump aA$7.
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PERTH (Dow Jones)--Australian retailer Foodland Associated Ltd. (FOA.AU) on Monday requested a trading halt on its shares, pending its response to a takeover offer by Metcash Trading Ltd.
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Whole Foods Markets Inc.&#39;s earnings surged in the latest quarter from a year earlier, due to new stores, higher margins and healthy sales growth.
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Business & money: Fast food giant supersizes its dividend after reporting sales sizzling across the world.
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The food company said that strong performance from its commodities trading group helped it overcome the cost of a pot pie recall and post a 15 percent jump in 2nd-quarter earnings.
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Pub group Mitchells & Butlers reports growing food sales and strong trading over the festive period.
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By JANES, Andrew  Fonterra says its Chinese revenues could surpass those from Australasia in five years. ANDREW JANES looks at how the dairy co- operative is ramping up its presence in the world's fastest-growing dairy market.