Shoppers check out of Woolies as Coles registers gains
Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.
earnings
earnings
economy, business and finance
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energy (general)
energy and resource
energy resources
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finance (general)
metal and mineral
Iron ore giant’s profit falls, green energy vow stays
One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.
BWS owner cuts dividend as Aussies avoid booze splurge
Dan Murphy's and BWS owner Endeavour Group blames subdued sales on cost-of-living pressures as its high-profile new CEO prepares to take over.
Coal prices weigh on Whitehaven as profit slides
A major Australian coal producer has reported better-than-expected production from its new mines, but price pressures cut into its full-year result.
BHP mulls mothballing coal mines over royalty regime
BHP has delivered record production across several metal groups, but sluggish commodity prices and one state's royalty regime have chiselled away at earnings.
business (general)
business enterprises
earnings
economy, business and finance
finance (general)
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vaccines
Biotech giant to slash 3000 jobs, spin-off vaccine arm
Pharmaceutical giant CSL has announced a major shake-up for its vaccination arm and for jobs as the company aims to cut costs.
Liquid gas investment inflates Origin Energy’s profit
Profits are up for Australia's largest energy company despite challenges from the price of coal, energy tariffs and power plant uncertainty.
Glencore scraps plan for New York listing, flags cuts
Glencore says it will keep its primary listing in London, shelving a possible move to New York.
Rio Tinto profits slip as prices weigh on performance
One of the world's biggest iron ore miners has posted its weakest first-half profit in years as lower global demand continues to drag on the commodity's price.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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casino and gambling
earnings
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financial and business service
financially distressed company
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 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.