Nearing collapse, Star hopes for last-minute bailout
Star Entertainment Group shares have fallen to a three-week low as the casino company said it anticipates receiving a last-minute bailout offer.
earnings
Changing mail habits stamp out daily letter deliveries
Australia Post is enjoying kudos after an improved financial result but faces a reform marathon focused on letter deliveries en route to long-term viability.
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.
Woodside CEO laments red tape over gas project approval
After reporting a doubling in profit, the boss of Australia's biggest oil and gas company says she is disappointed at delays in gaining government approvals.
Woolworths profit hit by 17-day warehouse strike
Woolworths Group says its profit was down 20.6 per cent to $739 million in the six months to December 31, in part due to a strike by warehouse workers.
Coles gains on Woolies, grabs sales during rival’s woes
Coles estimates it scored $120 million in extra sales during a 17-day strike by Woolworths workers, as it announces superior sales growth than its big rival.
Qantas shares take off on strong first-half result
Qantas says it has learned its lessons after posting a strong return to form with a nearly $1.4 billion first-half underlying profit after tax.
Fortescue profit slumps on weak iron ore prices
China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.
Rio Tinto profit falls on drop in iron ore price
Weaker iron ore prices have shrunk profit to a five-year low at Rio Tinto, which is also grappling with a shareholder push to scrap its listing in London.
BHP trims dividend to 8-year low amid weak China demand
BHP will pay shareholders an interim dividend of $A78 cents per share, down from $A1.13 per share a year ago, after a 23 per cent profit drop.
Santos cuts dividend, says Barossa project nearly done
Santos says its $5.7 billion offshore gas project north of Darwin that was disrupted by a court challenge from three Tiwi Islanders, is nearing completion.
Telstra hikes dividend, announces $750m share buy-back
Telstra says it made $1.1 billion in profit in the six months to December 31, up 7.1 per cent from the same period in 2023.
Comm Bank hikes dividend as shares hit all-time high
Australia's leading bank has delivered a $5.1 billion first-half cash net profit, in what analysts have called a "gravity-defying rally".
Witches, pop star’s memoir drive up News Corp revenue
News Corp shares have hit an all-time high after posting five per cent revenue and 20 per cent earnings growth in the second quarter.
KFC franchisee takes hit as costs eat into profit
KFC and Taco Bell franchisee Collins Foods says its underlying profit was down by nearly a quarter in the first half.
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.
Westpac’s profit dips to $7b as mortgage stress eases
Westpac has posted an annual profit of $7 billion and lifted its final dividend, in Peter King's last financial result as chief executive.
Myer’s brand new plan as in-house labels collar profit
Department store Myer is reviewing its operations as tough retail conditions and underperforming in-house brands are blamed for profit dipping 26 per cent.
Fight to save jobs as The Star’s casino empire teeters
Star Entertainment's financial woes have fuelled concerns for the future of thousands of casino jobs.
Star takes another hit as shares suspended from trading
Star Entertainment has suffered another blow with its shares temporarily suspended from trading after the casino operator failed to file its earnings report.
Woolies trims chicken deal but Inghams says it’s paltry
A rise in supermarket sales offset less consumers buying fast-food chicken but poultry giant Inghams has revealed its biggest customer has now cut its orders.
Woolies registers big profit discount, says prices down
Sales are up at Woolworths but writedowns on its New Zealand stores and drinks business have a taken a huge slice out of its $1.7 billion operating profit.
Queensland real estate market set to rebound: Domain
Domain CEO Jason Pellegrino says Queensland's property market has shown signs of accelerating after a poor showing in 2023/24.
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.
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.
Shareholders still cash in as CBA profit slips to $9.5b
Commonwealth Bank's net profit after tax was down six per cent to $9.5 billion in 2023/24 but Australia's biggest bank is increasing its dividend.
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.
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.
Star returns to profit, welcomes new Bell inquiry
Star Entertainment Group has posted a $9.1 million first-half profit, but revenue was down 15 per cent as it faced increased competition and weaker spending.
Resilient travel demand propels Flight Centre earnings
Australians' insatiable appetite for travel amid falling discretionary spending has helped Flight Centre to a solid sales lift in the first half of 2023/24.