Today
Beach shares plummet as new gas field reserves slashed
The downgrade of the size of the Enterprise gas field in Victoria has shaken the market, with analysts worried about other new projects.
- 51 mins ago
- Angela Macdonald-Smith
- Opinion
- Chanticleer
JB Hi-Fi’s results weren’t great. Here’s why its stock still soared
The retailer’s stunning share price surge shouldn’t distract investors from the pressure we’re seeing on profit margins as the economy slows.
- James Thomson
Aurizon investors get $150m buyback after profit bump
Income from coal haulage helped lift annual profit by 25 per cent, but losses from moving consumer goods dragged down the full-year result.
- Jenny Wiggins
JB Hi-Fi looks for growth and rewards investors amid resilient sales
The major electronics and consumer goods retailer will move into the commercial builder market with the purchase of kitchen and bathroom group E&S Trading.
- Carrie LaFrenz
Yesterday
- Opinion
- Chanticleer
Why this $27b giant sees a Goldilocks housing market
Demand remains strong, as are listings. That’s just about perfect for the housing market’s most important middleman.
- James Thomson
Project blowout worries cast shadow over energy profits season
Even oil and gas producers regarded as a relatively safe bet on earnings may yield some unpleasant surprises, analysts say. A higher global gas price may help.
- Angela Macdonald-Smith
This Month
- Updated
- Foxtel
Foxtel on the block as News Corp confronts reality
The publishing and broadcasting multinational says there is acquisition interest in its pay television arm after a year-long study of its assets.
- Updated
- Sam Buckingham-Jones
- Updated
- Nick Scali Limited
‘People have more money, but we have not seen it’: Nick Scali CEO
The retailer has recorded a slide in sales as shoppers stay away from big-ticket purchases.
- Updated
- Carrie LaFrenz
QBE punished as price rises peak
UBS analyst Scott Russell says there is a “clear slowdown” in QBE’s pricing power.
- Lucas Baird
Life360 shares hit all-time high, announces 70m users
Market darling Life360 continued its share price rally on Friday after lifting its revenue and earnings guidance for the full year.
- Tess Bennett
AMP cuts financial advice deal, stemming losses
The company will partially sell that business via transactions totalling $92.4 million, while the stock lifted 13 per cent after interim profit beat consensus.
- Hannah Wootton
- Updated
- Mirvac
Building cost rises create horror year for Mirvac
One of the country’s largest property developers says profit margins on some big apartment projects have halved, pushing earnings significantly lower this year.
- Updated
- Nick Lenaghan
- Opinion
- Chanticleer
Housing crisis rages, but there’s no money in building flats
The property developer’s shock profit downgrade is all about its struggles to make apartment projects profitable, even as housing shortages worsen.
- James Thomson
Transurban investors get bigger payday but growth prospects scarce
The toll road giant reported a quadrupling of profits in the last financial year, with higher dividends expected. But it faces slower growth on its roads.
- Updated
- Jenny Wiggins
Rising costs hit Mirvac margins, new homes
Property developer Mirvac blamed the steep rise in labour and material costs for halving its profit margins on some residential projects, triggering a 13 per cent fall in operating earnings this year.
- Michael Read and Nick Lenaghan
Bonus cut for Joyce | Qantas’ explosive review | Our best Games ever
Read everything that’s happened in the news so far today.
Big discounting and store closures hit Myer’s bottom line
The department store has warned it will record a fall in sales when it publishes its financial results next month, as lower customer spending takes its toll.
- Carrie LaFrenz
Profit season calendar and results
Here is a list of dates Australian companies are reporting earnings results this month.
- Ciara Seccombe
Bank stocks cauterise bleeding, analysts still stumped on valuations
Banks found a bottom on Tuesday, bouncing off steep losses. Despite the sell-off, analysts say they remain overvalued and earnings season will show why.
- James Eyers and Lucas Baird
EnergyAustralia returns to profit as prices jump
After two June halves of heavy losses, EnergyAustralia has surged back into the black, buoyed by sharply higher wholesale prices when renewables fell short.
- Angela Macdonald-Smith
