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.
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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.
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‘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.
Crown hopeful it has turned the corner
Crown has delivered another first-half loss and will not pay an interim dividend but is becoming more confident it has "turned the corner".
Fortescue gains workers, H1 profit down
Fortescue Metals has gained better access to workers under relaxed quarantine rules as it tries to keep its $4.6 billion Iron Bridge project on track.