Yesterday
FedEx profit falls below expectations on drop in air and truck cargo
FedEx said that this year’s peak holiday volume was similar to last year’s and expects share buybacks of $US1 billion in the last two quarters.
- Thomas Black
This Month
What top CEOs expect Australia’s economy to look like in 2024
Corporate leaders reckon inflation will linger, but say Australia will avoid a recession in 2024.
- Updated
- James Thomson and Anthony Macdonald
Record airline profits only enough to buy a Starbucks latte: IATA
Record profits still translate into skinny margins that investors in other industries would scoff at, according to IATA’s view of the world.
- Ayesha de Kretser
Metcash boss counts on local shoppers for sales growth
First-half results show earnings are holding up in its food and liquor divisions but falling in its hardware unit after several strong years of growth.
- Carrie LaFrenz
November
- Exclusive
- Commercial real estate
$21b super investor ISPT books heavy property losses
It has reported losses totalling $346 million in its three biggest funds. The turmoil in the listed property sector is making its way into unlisted portfolios.
- Nick Lenaghan
- Opinion
- Chanticleer
Colonel Sanders v the RBA: Raising prices is getting harder
Collins Foods delivered a big profit beat, but a recent slowdown in sales suggests rate hikes are starting to dampen demand in a big way.
- James Thomson
Naomi Milgrom-owned Sportsgirl, Sussan retailer posts dip in profit
The private vehicle controlled by the billionaire businesswoman reported an increase in labour costs in new accounts lodged with the regulator.
- Aaron Weinman
TechnologyOne has never made a big acquisition. Now it wants to
Private equity could reshape the competitive landscape for the Brisbane-based enterprise software group in the UK, where it has been keenly eyeing deals.
- Tess Bennett
Cathay Pacific expects first annual profit since 2019
The carrier’s recovery has lagged other airlines after Hong Kong and mainland China held on to strict pandemic controls longer than almost anywhere else in the world.
- Danny Lee
Select Harvests swings to $114m loss as almond volumes, prices fall
The agricultural company has promised a better 2024 in part due to higher global pricing as the US crop weakens.
- Michael Bleby
Appen hangs out the for-sale sign, raises $30m
Appen has tapped investors to raise $30 million as its board considers selling the troubled data services company.
- Tess Bennett
AACo maintains workplace is ‘respectful’ amid bully claims
The beef giant, whose shareholders include billionaires Andrew Forrest and Joe Lewis, says it is focused on making the beef giant a “great place” to work.
- Liam Walsh
Big four chart separate paths on customers’ transition plans
The banks have tightened energy sector lending polices in new documents accompanying their annual results. But there are many discrepancies.
- James Eyers
This app lets parents track teens - and 1.7m Aussies have signed up
ASX-listed Life360 expects a big revenue boost in Australia when it rolls out its full membership offering in locally next year.
- Tess Bennett
CBA boss keeps his cool as deposit squeeze arrives
The bank says home loan margins have “stabilised” but CEO Matt Comyn says a fight for deposits is the new challenge for margins as savers chase higher rates.
- Updated
- James Eyers
ALS rethinks stake in pharma R&D business Nuvisan
The Australian testing giant forecast that the worst of a commodities dip has passed, unveiling a 9.4 per cent drop in profit for the half.
- Liam Walsh
ANZ’s business banking returns help home loans grab
ANZ chief executive Shayne Elliott said returns earned from banking large companies is helping it compete more aggressively for Australian home loan customers, fuelling the mortgage war.
- Updated
- James Eyers
ANZ Plus launches digital home loans, plots expansion
ANZ Plus has ticked up to half a million customers, holding $10 billion in deposits. Last week, it launched mortgages to a limited group that is set to grow.
- James Eyers
Elders shares jump as CEO says it is no ‘one-trick pony’
The agribusiness group was still able to deliver its second-highest profit in 10 years despite slowing fertiliser sales and interest rate rises.
- Simon Evans
The banking oligopoly has failed, and here’s how
Mortgage and deposit competition has crushed profit margins at the major banks, whose infighting has weakened the big four oligopoly.
- Lucas Baird
