Derek Rose
Woolworths’ profits rise and tips more price increases
Woolworths says its supermarket business is normalising after several years of COVID-related disruptions, but cost-of-living pressures are impacting its Big W business. The...
Woodside fatality, safety lapses mar strong first half
Woodside CEO Meg O’Neill says the death of a contractor at one of its offshore oil platforms has overshadowed a strong financial...
Telstra full year profit up 13 per cent to $2.1 billion
Telstra says its full-year profit has risen 13.1 per cent to $2.1 billion thanks to strong performance from its mobile and consumer...
JB Hi-Fi full-year profit down 3.7 per cent
JB Hi-Fi has beaten expectations with a less-steep drop in profit than analysts were expecting, while cautioning that sales slowed in recent...
AGL Energy posts $1.26 billion loss after writedowns
AGL Energy has posted a $1.26 billion statutory full-year loss after two significant writedowns in a volatile year in the energy markets....
Suncorp Group posts 69 per cent jump in full-year profit
Suncorp Group has posted a 68.6 per cent rise in full-year cash profit, bouncing back from the paper losses on its investment...
Kiboshed: ACCC kills off Suncorp’s $4.9b merger with ANZ
The $4.9 billion merger of ANZ and Suncorp’s banking division is dead after the competition regulator refused to grant its approval. It’s...
Telstra to cut nearly 500 jobs in bid to streamline
Telstra will cut nearly 500 roles as the telecommunications company works to streamline operations under new chief executive Vicki Brady. The changes...
Twiggy investigated after anonymous letter to Fortescue
Fortescue Metals engaged a law firm to investigate the behaviour of executive chairman Andrew Forrest after receiving an anonymous letter. Seyfarth Shaw...
Energy regulator sues AGL over standby power breaches
Australia’s largest electricity generator is facing penalties for failing to deliver standby power when it was paid to do so, potentially risking the...