Global grain glut pushes growers toward self-storage
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.
earnings
Resources tipped to win another wild earnings season
Fund managers are expecting more dramatic swings this reporting season, with mining companies likely to do particularly well given the boom in commodities.
Geopolitics an earning gem for Aussie rare earths miner
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.
U-turn: Ford takes $US19.5b hit, retreats from EVs
Ford is backing away from plans to manufacture large electric vehicles, citing lacklustre demand.
Nvidia results beat estimates amid AI bubble jitters
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.
CommBank shares drop despite $2.6b quarterly profit
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.
Westpac admits dropping ball on state bank customers
Overpriced mortgage products at its state-specific subsidiaries have contributed to Westpac losing market share, despite solid growth in customer deposits.
annual and special corporate meeting
company information
crime, law and justice
earnings
health and safety at work
retail
Workers threatened with weapons as retail crime spikes
Retail crime is worsening with a drastic number of Bunnings and Kmart workers threatened with violence every month, parent company Wesfarmers says.
annual and special corporate meeting
annual report
company information
earnings
economy, business and finance
food - consumer goods
retail
Coles puts heat on Woolworths with strong sales growth
Supermarket giant Coles continues to take market share from key rival Woolworths, posting stronger quarterly sales growth than its bigger competitor.
‘Eye off the ball’: Woolies lays blame for limp results
A string of "distractions" are the reason why Woolworths failed to deliver for shareholders, the company's leaders say.
Lovisa CEO denies misconduct allegations at Smiggle
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’s troubled robotic warehouse costing it dearly
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.
casino and gambling
company information
credit and debt
earnings
economy, business and finance
financially distressed company
Crunch time for Star despite narrowing full-year loss
Uncertainty continues to swirl around Star Entertainment Group's future after the struggling casino operator posted another significant full-year loss.
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
economy, business and finance
energy
energy (general)
energy and resource
energy resources
exports
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)
health
health organisations
medicine
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.