Seven Group shares hit a record high after reporting strong revenue and profit growth. Seven Group owns Caterpillar franchise Westrak, Coates Hire, 72 per cent of Boral, 30 per cent of Beach Energy and 40 per cent of Channel Seven owner Seven West Media. Half-year profit climbed 31 per cent to $47...

The Australian sharemarket fell for the third day in a row as major banks warn Aussies about the ongoing cost of living pressures.

The ASX 200 ended the day down on Wednesday by 0.74 per cent. The market “plunged” 1.5 per cent upon opening, Sky News Business Reporter Edward Boyd said. “That’s after Wall Street fell sharply overnight,” he said. “Market did recover somewhat though in the afternoon – actually quit...

Opposition Leader Peter Dutton has called for the sacking of Immigration Minister Andrew Giles over his “failures” to monitor former detainees convicted of crimes.

Downer EDI’s half-year profit grew 5.9 per cent per cent to $72.1 million. However, the engineering contractor’s revenue slipped 2.2 per cent to $5.8 billion. “But the dividend, it increased to six cents a share,” Sky News Business Editor Ross Greenwood said. “The recently appointed chi...