Besieged Qantas board cops brunt of shareholder anger
Heckling and protest votes greeted the Qantas board at the airline's annual general meeting where shareholders vented their frustration at a series of missteps.
company information
Casual worker changes threaten jobs: Wesfarmers chair
Corporate heavyweight Michael Chaney says proposed changes to Australia's labour laws would add complexity and cost.
Flight Centre profit takes off as prices lose altitude
Alongside its first positive earnings result since 2019, Flight Centre predicted airfares to moderate and urged the government to allow greater competition.
Sales down at Harvey Norman as cost of living bites
Harvey Norman is confident its strong balance sheet can see it through a consumer slowdown, even as falling sales cause profits at the retailer to tumble.
Big loss renews Australia Post’s open letter for reform
Australia Post has renewed a plea to update its charter after the government-owned enterprise lost $384 million delivering letters in the past financial year.
Latest Fortescue CEO backs ‘crazy vision’, dividend cut
Fortescue Metals Group has booked a lower full-year profit after a writedown, slashed the final dividend and shocked investors with another new CEO.
Industry cost pressures ‘subdue’ demand for mining tech
Imdex says while short-term conditions are subdued the tech firm continues positioning for stronger battery minerals demand requiring miners to dig deeper.
Lithium leader Pilbara posts electrifying $2.4b profit
Pilbara Minerals reports a 326 per cent surge in net profit to $2.4 billion as the world rapidly electrifies and demands a secure supply of sustainable lithium.
Kmart sales up as cost-conscious shoppers hunt bargains
Record annual earnings at Kmart have helped propel Wesfarmers to a $2.5 billion full-year profit, as consumers become more cost-conscious.
Dreamworld owner Ardent back to profit after bumpy ride
Theme park operator Ardent Leisure has marked its recovery from a fatal accident at Dreamworld and COVID-19 with its first full-year profit since 2016.
Writedown cuts Fortescue profit, ex-CSIRO boss on board
Fortescue Metals Group has booked a lower full-year profit after a writedown, appointed a new CEO and added former CSIRO head Larry Marshall to the board.
Coles profits rise as consumers skimp on eating out
Consumers are increasingly turning to supermarkets to ride out the cost-of-living squeeze, with Coles experiencing strong growth in sales revenue.
IAG reports ‘solid year’ as net profit jumps
Insurance giant IAG says it made $832 million in 2022/23, up from $347 million the year before, as it works to become a stronger and more resilient company.
coal
company information
consumers
economy, business and finance
electricity production and distribution
energy
energy and resource
natural gas
Little relief for consumers as Origin posts $1b profit
Origin Energy expects another tough year for cash-strapped customers after posting an FY23 net profit of $1.06 billion as it prepares for a foreign takeover.
Magellan names new chairman amid big drop in profit
Andrew Formica will take over as Magellan chairman from Hamish McLennan as the fund manager announced its full-year profit dropped 57 per cent to $174 million.
AGL Energy posts $1.26 billion loss after writedowns
AGL Energy suffered a $1.26 billion loss after writing down the value of its coal-fired power plants and its energy derivatives contracts.
Realestate.com.au owner sees property market rebounding
REA Group says that the fundamentals of the property market are strong and buyer enquiries and house prices have both returned to growth.
company information
economy, business and finance
energy
energy and resource
iron and steel
metal and mineral
mining
transport
‘Wall of money’ for Twiggy’s global green hydrogen play
Fortescue Metals Group has pledged to continue to invest in green technologies as key investment decisions loom for billionaire Andrew Forrest and his board.
NAB shares slide despite profit lift
National Australia Bank delivered a 17 per cent lift in interim profit, boosted by rising interest rates and higher business lending.
Qantas reveals first female CEO to replace Alan Joyce
Qantas chief financial officer Vanessa Hudson will take the helm of the national carrier from long-standing head Alan Joyce when he retires in November.
Shoppers spending big at Myer despite inflation
Department store group Myer has announced a half-yearly 24 per cent jump in sales, despite rising inflation and interest rates constraining household budgets.
Energy crisis, merger fuels higher Woodside profit
Oil and gas giant Woodside has announced an underlying full-year net profit of $US5.2 billion ($A7.7 billion), up 223 per cent from the previous year.
Ardent Leisure back on track after rollercoaster ride
Dreamworld owner Ardent Leisure's share price is at a six-year high after the theme park operator posted its first half-year profit since 2017.
BHP cuts lower quality coal mines, chases NSW on costs
BHP's profit, earnings and dividend have taken a hit on lower iron ore prices and cost pressures but the mining giant is upbeat as trade with China warms up.
FMG reduces dividends amid green energy powerhouse push
Fortescue Metals has lowered dividend payouts as it repositions itself as a green energy powerhouse, with increased spending on decarbonisation projects.
ANZ bracing for uplift in household stress
ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.
CBA Q3 profit steady amid margin pressure
Australia's biggest lender says volume growth has been offset by margin pressure in a competitive market.
Cost cuts limit Westpac H1 profit drop
Competition and higher provisions have weighed on Westpac's first half results, with cash profit declining 12 per cent to $3.1 billion.
ANZ lifts H1 profit, eyes improved margins
The nation's third-largest bank has reported a lift in first-half profit after tightly managing costs and improving home loan processing times.
Coles says supply chain issues ‘enormous’
Coles chief executive Steven Cain says the unprecedented supply chain issues the supermarket is facing will take a couple of years to resolve.
Qantas widens loss but outlook improving
Qantas' first-half loss has climbed as travel demand slumped amid COVID-19 Delta lockdowns and the subsequent spread of the Omicron variant.