Domino’s shares battered as store closures hit profits
Domino's Pizza's Australian boss has promised improved profitability after the fast food chain shuttered hundreds of under-performing stores across its network.
company information
Origin bets on gas and batteries to keep the lights on
Leading energy retailer Origin Energy says it is "well-placed" to benefit from the energy transition as it bets on big batteries to help keep the lights on.
company information
consumers
economy, business and finance
electricity production and distribution
energy
energy and resource
environmental issue
natural gas
AGL slams nuclear option, doubles down on big batteries
Australia's biggest emitter AGL Energy will build "a whole range of assets", but not nuclear reactors, to support the closure of 50-year-old coal power plants.
Top clothing chains to close, shedding hundreds of jobs
More than 250 outlets of two leading retail chains will close, costing nearly 1000 jobs, after receivers failed to find a buyer for the stores.
ANZ profit falls as mortgage wars hit big four banks
The ANZ bank has joined the rest of the big four in recording a fall in annual profit, as a result of ongoing mortgage competition and high inflation.
Aussies willing to visit eight shops for groceries
The cost-of-living crunch is motivating more Aussies to shop around but it hasn't halted Coles sales growth, up 2.9 per cent in the first quarter.
CBA chair says ethical principles will govern AI use
Commonwealth Bank has the "best, most capable people" working on the use of artificial intelligence in its business, chairman Paul O'Malley says.
Telstra board to reflect on backlash over executive pay
A significant number of Telstra shareholders voted against the telco's remuneration report, in part because of issues related to its enterprise division.
Boeing to cut 17,000 jobs and delay first 777X delivery
Boeing says it will lay off 10 per cent of its employees as a strike by factory workers cripples plane production.
Coles rejects bid to help avoid ancient fish extinction
Coles shareholders have been told the supermarket giant won't support their efforts to protect an ancient, imperilled species from the effects of fish farming.
Budget bliss as Kmart brand helps bag Wesfarmers profit
Australian conglomerate company Wesfarmers has lifted its profit by 3.7 per cent on the previous year as consumers snapped up affordable products at Kmart.
company information
economy, business and finance
electricity production and distribution
energy
natural gas
oil and gas - downstream activities
Gas pipes supply solid cash flow in energy transition
Gas pipeline operator APA has posted a stronger full-year profit amid an expansion and urges more domestic gas production to support an end to coal-fired power.
Fortescue ‘doubling down’ on green iron despite leaks
Mining giant Fortescue pledges to create a green metals industry grounded in Australian ore and renewable energy, after pulling back on championing hydrogen.
It’s bad news for Nine as profits plunge amid cost cuts
The fractured advertising market continues to hit media revenues with Nine Entertainment full-year profits falling almost a third to $134.9 million.
BHP’s climate transition ‘more than window dressing’
Resources giant BHP has defended the carbon footprint of its mining operations even as demand for traditional commodities and future-facing products expands.
Aussie lithium leader digs in as price slump deepens
The world's largest hard-rock lithium producer outside China is preparing to ride out the latest price slump and remains positive about long-term prospects.
Japan’s steel giants dig deep for Australian coal
Production at one of Australia's biggest coal mines could be extended beyond 50 years under joint venture deals, with the buyers warned to brace for backlash.
business enterprises
company information
economy, business and finance
environmental issue
gold and precious material
indigenous people
mining
natural resources
politics
Blocked goldminer ‘shattered’ by rising sovereign risk
Regis Resources will fight a federal block on a $1 billion gold project it says has cost almost 1000 jobs and sours Australia's reputation as a place to invest.
company information
economy, business and finance
energy
energy and resource
indigenous people
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
Santos drilling for gas demand well into the future
Oil giant Santos is juggling capital-intensive projects, including the hotly contested Narrabri field in NSW, as rising costs and lower LNG prices hit profits.
company information
construction and property
economy, business and finance
electricity production and distribution
energy
environmental issue
iron and steel
metal and mineral
mining
BlueScope backs Port Kembla steelworkers amid downturn
A major steelmaker warns of tough conditions as it braces for rising electricity, gas and labour costs amid a stubbornly soft home building market.
company information
diesel fuel
economy, business and finance
energy
oil and gas - downstream activities
petrol
retail
transport
Servo chain Ampol slashes dividend, fuel volumes fall
Energy company Ampol has slashed its interim dividend on lower fuel volumes, tanking its share price, but signalled a return to normal at its refinery.
company information
dividend announcement
earnings
economy, business and finance
finance (general)
telecommunication service
Telstra open to Foxtel Group sale, profit drops 12.8%
Telstra CEO Vicki Brady has cautioned that News Corp's decision making around selling Foxtel, of which the telco owns 35 per cent, was in its early stages.
coal
company information
consumers
dividend announcement
earnings
economy, business and finance
electricity production and distribution
energy
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
politics
Origin Energy eyes gas imports, longer life for Eraring
Electricity and gas giant Origin Energy warns Australia will need to import gas to meet domestic demand and taxpayers may have to pay to burn coal for longer.
coal
company information
consumers
economy, business and finance
electricity production and distribution
energy
environmental issue
natural gas
nuclear power
Transition ‘well under way’ as AGL rejects nuclear push
Energy giant AGL has posted a stellar profit on higher power prices, taking the lead in the transition and dismissing nuclear as too costly and too late.
Profits plummet at Kerry Stokes’ Seven West Media
As Seven West Media contends with allegations of a toxic workplace culture at its television network, profits plunge 69 per cent to $45 million.
Broadband speed boosts slow NBN Co’s path to profit
More copper connections have been replaced with faster fibre over the past year, NBN Co has revealed, but the broadband boost proved expensive.
company information
economy, business and finance
media
merger, acquisition and takeover
newspapers
television
News Corp flags potential Foxtel buyer, rise in revenue
Foxtel could change hands with owner News Corp revealing a potential suitor for the pay-TV operator along with a rise in revenue for the American conglomerate.
Property market picking up in smaller capital cities
REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.
Property giant Mirvac warns of ‘challenging’ conditions
Mirvac is investing in build-to-rent apartments and industrial sites as it slashes the value of high-rise offices and warns of ongoing challenging conditions.
company information
economy, business and finance
energy and resource
environmental cleanup
metal and mineral
mining
nuclear power
Rio Tinto ‘open’ to nuclear energy, profit flatlines
Rio Tinto says it wants to find better ways to provide the materials the world needs but warns decarbonisation has "a long way to go".
‘Gutted like a fish’: Forrest on Fortescue job losses
Andrew Forrest says the Fortescue Group will continue to pursue its green hydrogen plan despite slashing 700 jobs in a bid to cut costs.