Tabcorp CEO resigns after alleged offensive comment
Tabcorp chief Adam Rytenskild says he doesn't remember making the alleged comment but is stepping down immediately.
company information
Myer names ex-Qantas exec Olivia Wirth as its next CEO
The former chief executive of Qantas Loyalty will become the next Myer chief executive when current CEO John King retires in June.
Falling letters, shop traffic weighs down Aust Post
Australia Post may have to shrink its retail network as falling foot traffic and low letter activity threatens the service's financial viability.
Sales, dividend down as retail slump hits Harvey Norman
Ongoing macroeconomic headwinds have buffeted Harvey Norman's profits but the retailer insists its property portfolio keeps its balance sheet in good health.
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company information
economy, business and finance
energy
energy and resource
environmental issue
natural gas
Woodside under the pump on climate risk as profit falls
Critics say Woodside Energy's carbon reduction plans are "meaningless" as the oil and gas giant expands to meet decades of demand expected for Australian LNG.
Coles CEO defends making profit, says competition tough
Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.
company information
economy, business and finance
energy
energy and resource
environmental issue
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
Gas giant Santos accused of eroding shareholder value
Gas giant Santos has been accused of eroding shareholder value with a record dividend and no update on the future after Woodside merger talks were terminated.
company information
economy, business and finance
energy and resource
environmental issue
metal and mineral
mining
politics
Aussie aluminium next on chopping block, Rio warns
Iron ore and copper giant Rio Tinto has reported a fall in profit on lower commodity prices and warns the future of aluminium depends on the energy rollout.
Iron ore strength bankrolls emission-busting Fortescue
High prices and loyal Chinese demand for Fortescue Group's iron ore has delivered a stellar profit and cash pile to bankroll ambitious emission-busting plans.
Woolies CEO quits as pressure and grocery prices rise
Woolworths chief executive Brad Banducci will resign by September after facing increased scrutiny over the pricing and a lack of supermarket competition.
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economy, business and finance
energy and resource
metal and mineral
mining
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BHP issues ‘call to arms’ for competitive mining future
Resources giant BHP says governments need to work harder to make sure Australia is in the race as global competition heats up for iron ore and battery minerals.
Drivers on struggle street fuel Ampol’s ‘mega profit’
Refinery operator and service station chain Ampol has been accused of delaying pump price relief for consumers already stung by a cost of living crisis.
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construction and property
economy, business and finance
energy and resource
environmental issue
housing and urban planning
metal and mineral
Aussie economy ‘OK’ despite weaker housing: BlueScope
BlueScope Steel expects local housing starts to recover and strong demand in the United States for infrastructure, including steel-intensive renewable energy.
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economy, business and finance
electricity production and distribution
energy and resource
environmental issue
natural gas
Chaos events make gas more crucial, Origin Energy says
Big batteries and fast-start gas plants will keep the lights on across Australia and help to stabilise highly volatile power costs, Origin Energy says.
AGL Energy back in the black, but sights set on green
AGL Energy insists there is a "very, very competitive" market after bouncing back into profit and reserving billions of dollars to replace coal-fired power.
Fortescue hit with first strike, unveils green spend
Fortescue Metals Group has received a "first strike" on executive pay as the iron ore miner unveiled plans to splash $1.1 billion on green hydrogen.
ASX soon to get its first erectile dysfunction company
Brisbane-based LTR Pharma hopes investors will be standing to attention as it launches a $7 million IPO to fund a nasal spray that works quicker than Viagra.
ANZ joins this banking season’s $7b earnings club
Environmental groups are calling out ANZ's climate commitments while analysts said $7.4 billion in profit was a slight miss to consensus estimates.
Star CEO says no ‘quick fix’ to regain lost trust
Star Entertainment Group has avoided a possible board spill at its annual general meeting as its new CEO has described working 18-hour days on its turnaround.
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.
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.