Telstra cuts dividend outlook after disappointing FY performance

AusBN - Telstra (ASX:TLS) has revealed its full-year (FY) profit dropped 33% to AUS$3.9 billion from $5.8 billion last year, and slashed its dividend outlook in response to the disappointing annual performance.

Contrasting fortunes for Origin and Woodside in FY results

AusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion after a heavy write-down of its new Queensland LNG export project, but half-year (HY) profits at Woodside Petroleum were up 49%.

Report finds majority of top Australian firms ill-equipped for business in Asia

AusBN - A report by think tank Asialink has found that a large majority of executives within Australia’s top 200 companies have a weak understanding of how to do business in Asian markets.

South Australian government to be powered by 150MW solar thermal plant

AusBN - A 150MW solar thermal power plant has been contracted by the South Australian federal government to supply all of its power needs, confirmed State Premier Jay Weatherill.