UPDATE: Australia NatFoods Lifts FY 14%, Outlook Unclear
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MELBOURNE (Dow Jones)--Spurred by new milk contracts and its expansion into gourmet foods, Australian dairy company National Foods Ltd.
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By staff writers and wires. AUSTRALIAN company profits jumped 10.3 per cent in the June quarter thanks to robust consumer and business spending that will boost economic growth outcomes and the electoral prospects of the Howard Government.
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Australia&#39;s biggest supplier of fresh milk, National Foods, has posted a net profit of $68.7 million, an increase of 14 per cent on last financial year.
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SYDNEY (Dow Jones)--Insurance Australia Group Ltd. (IAG.AU) said Thursday net profit rose to A$665 million for the year ended June 30, compared with A$153 million a year earlier.
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Stock futures rose slightly on Thursday, lifted by takeover news before economic data that could give clues on the outlook for interest rates.
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The Nikkei rose 1.14 percent on Wednesday as Softbank Corp.  and Fast Retailing Co. Ltd.  rebounded after recent drops.
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MELBOURNE (Dow Jones)--Australian shares closed slightly higher Wednesday, as money flowed into News Corp. on news of its addition to the US benchmark Standard &amp; Poor 500 Index next month.
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Australia&#39;s S&amp;P/ASX 200 Index rose to a record. Foodland Associated Ltd. surged after Metcash Trading Ltd., the nation&#39;s biggest grocery wholesaler, offered A$846 million ($660 million) for Foodland&#39;s local business.
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DAIRY company National Foods expects continuing growth after today reporting a 14 per cent rise in net profit to $68.66 million for 2003/04.
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McDonald's Corp. MCD.N on Tuesday  said quarterly net income rose 42 percent, in line with a  higher-than-expected forecast the company gave last week,  helped by strong sales in the United States and a tax benefit.
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Australian media empire Publishing &amp; Broadcasting Ltd. reported Thursday a 75 percent jump in earnings for the fiscal year ending June 30, thanks to a strong economy and a rebound in advertising revenue.
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Australia, expecting record earnings from commodity exports this fiscal year, increased its forecast a second time as soaring oil prices boost energy sales 38 percent.
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U.S. 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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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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Analysts saw earnings per share of $1.45. Instead, losing hedges and low poultry prices will make it a lot less. Even as a new $75 million ad campaign promotes how its protein is &quot;powering the world,&quot; Tyson
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Australia&#39;s economy expanded 1.6 percent in the March quarter, posting its strongest growth in three years and sending the Australian dollar to a 17-year high, official data released Wednesday showed.
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Procter & Gamble Co. PG.N on  Wednesday said quarterly profit rose 14 percent, boosted by  strong sales and a gain from the recent sale of its juice  business.