Australia&#39;s Lend Lease Returns to Profit
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Property group Lend Lease Corp. on Wednesday announced a return to full-year profit and forecast earnings-per-share growth of more than 15 percent in the current year.
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Australian mining company WMC Resources Ltd. on Thursday forecast record profits for 2004 and announced plans to return up to 1 billion Australian dollars (US$761 million; euro570 million) to shareholders
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BHP Billiton, the world&#39;s biggest miner, will buy back as much as A$1.5 billion ($1.6 billion) of its Australian stock as part of a plan to return profit from soaring commodity prices to investors.
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Australian buyout target Qantas Airways  Ltd.  raised its annual profit forecast for the third  time in six months as fuel prices ease and demand for travel  increases.
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Aug. 19 (Bloomberg) -- Insurance Australia Group Ltd., the nation&#39;s largest auto and home insurer, increased second-half profit fourfold after acquisitions boosted policy sales and higher stock markets fueled income from investments.
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Business & money: Sales back into positive territory after double-digit decline suffered earlier this year.
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ST GEORGE Bank has continued to post big gains from its lending with the Sydney based company producing an 18 per cent lift in after tax profit to $717 million.
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Things are looking up for National Australia Bank, which could be a good foreign investment.
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TONY JONES: To business news now and a sharp rebound in the advertising market has improved the fortunes of Australia&#39;s media giants.
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ANZ Banking Group kicked off the bank reporting season on Tuesday, unveiling a record annual profit of $2.815 billion and extending the contract of chief executive John Macfarlane until 2007.
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The Australian share market has found its feet again after the largest retreat in some months yesterday. Mimicking the recovery on Wall Street overnight, the All Ordinaries climbed 32.1 points to 3,878.9.
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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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The answer, according to a report by the US government-sponsored housing finance agency&#39;s newly invigorated regulator, is that it was as profitable as it wanted to be.
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National Australia Bank, the country&#39;s biggest lender, has seen its profits slump following a trading scandal. Increased competition and rising costs have also taken their toll, producing what boss John Stewart called a &quot;poor and unacceptable result&quot;.
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SYDNEY : Australian share prices returned to record territory, adding 0.28 percent as investors shrugged off disappointing results from National Australia Bank to send the market higher, dealers said.
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Commonwealth Bank of Australia, the nation&#39;s second-largest lender, reiterated its forecast for compound annual growth in per-share operating profit of at least 10 percent in the next two years.
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LONDON (Dow Jones)--Australia and New Zealand Banking Group Ltd. (ANZ) has priced aC$100 million four-year bond with the following terms, lead manager TD Securities said Wednesday: Amount: C$100 million Maturity: Nov.