AAP

Share market closes 6.1pts lower

The share market has fallen slightly as gains by iron ore miners were outweighed by falls by most banks and retailers.

Boart Longyear’s earnings continue to fall

Mining services company Boart Longyear has said the fall in demand for its products may be over, but warned analysts are over-estimating what the company will earn in 2014.

Cameco, Mitsubishi get EPA approval for Kintyre

Cameco Australia and Mitsubishi Development's joint venture Kintyre uranium project in Western Australia's Little Sandy Desert has been given conditional approval by the Environmental Protection Authority.

BC Iron flags higher earnings

Miner BC Iron has flagged a lift in its full year earnings, despite being hit by a slide in iron ore prices.

Navitas profit falls by 31%

Education provider Navitas's full year profit has fallen 31 per cent after writedowns to its university division overshadowed stronger revenues.

Shares open 13.6pts lower

The Australian share market has opened lower after US markets fell on disappointing company earnings reports.

Leighton profit down 20%

Construction giant Leighton has suffered a 20 per cent slide in first half profit after writedowns and restructuring costs offset an increase in revenue.

Gold lifts one per cent

Gold prices have rebounded as investors step in to scoop up the metal amid conflicts in Ukraine and the Middle East.

Stronger greenback weighs on $A

The Australian dollar has drifted back below 94 US cents as the greenback strengthens on dwindling risk appetite.

Mixed week for US stocks after uneven earn

Mixed corporate earnings produced varied results on Wall Street this week, resulting in gains for the Nasdaq, losses for the Dow and a nearly flat S&P 500.

Morning Headlines

Woodside wins ASA Shell vote Woodside Petroleum's Shell buyback has been endorsed by the Australian Shareholders' Association but will need a lot more support to get over the line. The West Palmer's native title credentials queried

Writedowns, fines hit Flight Centre profit

Flight Centre expects a seven per cent slide in pre-tax profit due to writedowns on the value of its underperforming US and Indian businesses, plus an $11 million price fixing fine.

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Exporters

LabelValue
Rio Tinto$21.40bn
BHP Billiton Iron Ore$17.97bn
North West Shelf Venture$16.84bn
Fortescue Metals Group$8.12bn
Gold Corporation$5.81bn
Others$53.39bn
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