Casino operator’s cash stocks dwindle after big loss
Casino operator Star lost $53 million on its operations in the six months to December 31 and has $130 million left in available cash as it struggles to survive.
Casino operator Star lost $53 million on its operations in the six months to December 31 and has $130 million left in available cash as it struggles to survive.
Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.
The era of manually written code is over, the boss of logistics technology group WiseTech Global says, as it becomes the latest company to flag AI job cuts.
Australia's leading fuel retailer has benefited from converting dozens of its petrol stations to unmanned sites in what could be a sign of things to come.
Suncorp's first-half profit has dropped 76 per cent after the insurer paid $1.3 billion in natural hazard claims, mostly related to two thunderstorms.
Health insurer Medibank Private has lifted its interim bottom-line net profit after the number of Australians taking out policies increased.
Australian dairy giant Bega has posted a positive earnings result, buoyed by ongoing demand for its brands and operational transformation.
Weaker iron ore prices have dug into mining giant Rio Tinto's underlying profit, although stronger copper prices cushioned the blow.
QBE shares have rocketed after reporting a net profit increase of 21 per cent on higher premiums and fewer disaster payouts.
Hearing device manufacturer Cochlear has suffered a 19 per cent sell-off after posting weaker-than-expected half-year earnings and trimming its guidance.
Shares in Australia's biggest bank have soared to a three-month high after it beat earnings expectations with "a really clean set of numbers".
AMP shares have plummeted amid questions from analysts about why shareholders should watch their money being "torched" to fund the company's new digital bank.
News Corp, which owns news media, publishing and multiple data and information assets, has set guardrails against AI theft as it looks to a strong second half.
Realestate.com.au owner REA group has grown its first half revenue and profit, despite a six per cent fall in its digital property listings.
Fresh data will reveal whether the strong momentum in private spending, which spurred the Reserve Bank to lift interest rates, has continued into 2026.
A global oversupply of grain continues to weigh on the earnings of one of Australia's biggest handlers, as growers opt to keep their product on-farm.
Fund managers are expecting more dramatic swings this reporting season, with mining companies likely to do particularly well given the boom in commodities.
Global supply constraints and trade tussles are benefiting Australia's largest rare earths miner, helping nearly double the commodities group's price in a year.
Ford is backing away from plans to manufacture large electric vehicles, citing lacklustre demand.
Chip giant Nvidia beat Wall Street's expectations for revenue and upcoming sales, easing fears about AI spending that have jolted the US stock market recently.
Australia's biggest company has posted its financial results for the quarter, but despite improving on most metrics, it still looks too dear to most investors.
A string of "distractions" are the reason why Woolworths failed to deliver for shareholders, the company's leaders say.
Supermarket giant Coles continues to take market share from key rival Woolworths, posting stronger quarterly sales growth than its bigger competitor.
Retail crime is worsening with a drastic number of Bunnings and Kmart workers threatened with violence every month, parent company Wesfarmers says.
Overpriced mortgage products at its state-specific subsidiaries have contributed to Westpac losing market share, despite solid growth in customer deposits.
Billionaire businessman Solomon Lew has made sensational allegations against the fired CEO of his back-to-school chain Smiggle, who is now the boss of Lovisa.
Myer shareholders won't see a final dividend after its full-year profit took a 30 per cent hit, driven by costly issues with a robotic warehouse.
Uncertainty continues to swirl around Star Entertainment Group's future after the struggling casino operator posted another significant full-year loss.
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One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.
Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.
A major Australian coal producer has reported better-than-expected production from its new mines, but price pressures cut into its full-year result.