Today
BlueScope unleashes rivers of gold to ward off suitors as profits rise
The country’s largest steelmaker is pushing back on attempts by SGH Limited and Steel Dynamics at buying the business, pointing to a big earnings turnaround.
Penfolds owner Treasury Wine axes dividend after posting hefty loss
CEO Sam Fischer faces a huge task in a shrinking wine market, where even the flagship business has suffered falling profits.
China’s falling birthrate fails to dent a2 Milk turnaround plans
David Bortolussi said the New Zealand-headquartered infant formula and dairy business would hit its $1.7 billion sales target a year earlier than expected.
JB Hi-Fi sales pierce $6b in first half, but headwinds coming in 2026
The electronics retailer slowed in January after consumers splurged on phones, video games and fitness gadgets on Black Friday and Cyber Monday.
Surging residential settlements push Stockland profit up 19pc
As interest rates rise, the company is remaining cautious, keeping its guidance unchanged after a strong first half.
Ansell overcomes Trump tariff hit with higher prices, swingeing cuts
The medical glove and protective surgical suits maker has outperformed expectations despite putting the cost of the trade restrictions at $113 million a year.
Yesterday
High-frequency hijack has ASX trading like a casino
The Australian sharemarket is witnessing a breakdown in “normal” trading behaviour and stocks are jumping around far more than usual. Who is it good for?
ASX eyes record high as 80 companies prepare to report
The Australian sharemarket is set to open higher ahead of a busy earnings week. JB Hi-Fi, BlueScope, Treasury Wines Estates and Stockland will report on Monday.
This Month
Westpac profit margins under pressure amid battle for customers
The big four lender made a profit of $1.9b in its first quarter, broadly in line with last year, but said it was seeing some margin pressure.
GQG’s Jain says he was early but right on decision to sell out of tech
The high-profile fund manager made the comments after the firm posted a jump in profits even as investors withdrew their cash after a year of poor performance.
Nick Scali boss urges patience after soft January trading dents shares
Profit and sales jumped in the first half at the sofa and home furnishing retailer, but investor concerns about a softer outlook sent its shares tumbling.
Cochlear shares hit three-year low on new implant delays
The medical device maker expects full-year earnings to land near the bottom end of its forecast range, and has written down its investment in Saluda.
Virgin’s loyalty boss departs two weeks before results
Chief executive of Velocity Nick Rohrlach and head of strategy and transformation Alistair Hartley are both leaving the airline.
New AMP boss faces heat as investors vent fury over missing buyback
AMP’s wealth platform is performing well, but revenues across the rest of the business left investors unimpressed.
ASX’s departing boss says listings pipeline can withstand higher rates
The market operator’s costs jumped 20pc in the December half to meet demands imposed by ASIC, but strong market activity lifted profits.
Investors back ANZ CEO’s strategy after solid first quarter result
Nuno Matos has undertaken a radical overhaul of the bank with his 2030 strategy which has resulted in the group cutting 3500 jobs.
Temple & Webster boss defiant after share price collapse
Mark Coulter is doubling down on his strategy to grow annual sales to $1 billion through aggressive promotions targeting Millennials aged 29-43.
Insurance premiums could rise nationwide as IAG claims surge
Australia’s largest insurer says damaging storms in Queensland and the Victorian carjackings have triggered a sharp rise in payouts during the past half.
What we learnt: AMP and Temple & Webster create wrong kind of history
The two companies and market darling Pro Medicus reset expectations for what it is like to get hammered on results day.
AGL seeks wind project partners, sells telco arm to Aussie Broadband
AGL chief executive Damien Nicks said the group was tightening its focus on its capital management after posting a better-than-forecast first-half profit.
