Shares close 29.1pts higher

The share market has posted its biggest weekly gain since February as easing concerns about Europe helped the big banks.

Gloria Jean’s Coffees sold for $163.5m

A takeaway and cafe giant is buying Gloria Jean's Coffees for $163.5 million from the man who brought the franchise to Australia.

Budget talks ‘painful’ but on track: Abbott

The federal budget deficit is running nearly $2 billion smaller than anticipated at this stage of the financial year.

Quickflix to add customers, look at tie-up

Movie and TV streaming service Quickflix expects to add more customers over summer as it looks for a tie-up amid flat growth.

No Royal Commission into CBA: Cormann

The federal government has rejected calls to establish a Royal Commission into the Commonwealth Bank of Australia.

BHP pushes demerger at London AGM

BHP Billiton bosses have made a strong sales pitch regarding the company's proposed demerger, telling shareholders in London they'd benefit from the next step in the big miner's "evolution".

Qantas on track to meet profit forecast

Qantas chief executive Alan Joyce says the troubled airline is on track to return to an underlying profit in the first half of this financial year.

Shares open 28.5pts higher

The share market is half a per cent firmer with the banks making, gains but the big miners sliding.

Medibank worth buying: analysts

The much-anticipated stock market float of Medibank Private has attracted the kind of hype not seen since the sell-off of Telstra.

Oil rebounds on Saudi cutbacks, data

Oil prices have rebounded from a two-year low in New York on encouraging Chinese and German economic data and reports of Saudi Arabia cutbacks.

$A weighed down by weak NZ inflation

The Australian dollar is lower following disappointing inflation figures out of New Zealand.

Gold prices fall as stocks make gains

Gold futures retreated on Thursday as upbeat economic data pushed US equities higher, reanimating investor appetite for risk and damping interest in haven assets.



Rio Tinto$26.71bn
BHP Billiton Iron Ore$24.30bn
North West Shelf Venture$19.62bn
Fortescue Metals Group$12.48bn
Woodside Petroleum$6.09bn
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