LOW consumer confidence has forced Flight Centre to downgrade its pre-tax earnings guidance by up to 4 per cent.

CEO Andy Penn says he has “no plans” to sell telco’s 50 per cent stake in Foxtel.

AUSTRALIA’S sharemarket is on track for its biggest two-day gain in a year after a rally led by resources and financial stocks.

The Australian share market closes just a few points lower after retreating from record highs. The Australian dollar rose above 65 US cents as the greenback fell against other major currencies. 

MEDIA mogul Bruce Gordon wants the power to veto the chief executive of Ten in a move that will up the ante in the battle for control.