Latest
Woolworths supermarkets lose ground to Coles after tumultuous year
The major retailer recorded a slight rise in underlying profits, which were all but wiped out by a big write-down in its New Zealand business.
- 1 hr ago
- Carrie LaFrenz
Gill McLachlan hits the Tabcorp reset button with $1.4b write-down
The wagering giant has struggled to best its larger overseas rivals, and its new chief executive said it was obvious it would not meet cost reduction targets.
- Zoe Samios
Billionaire Blundy offloads big Accent stake to British retailer
Brett Blundy has sold his shareholding in ASX-listed Accent, which is behind the Hype DC and Platypus chains, to London’s Frasers Group.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Fortescue dividend worth $2.2b for Forrest family
Andrew and Nicola Forrest will receive the windfall after Fortescue raised its dividend payout ratio at a time when it is cutting 700 jobs.
- Peter Ker
Doxxed Jewish group demands police probe of NYT admission
Members of a group of Jewish creative workers who suffered harassment after details of a private chat group were published believe there’s evidence of a possible crime.
- Gus McCubbing
Dan Andrews’ second secret Blackstone meeting
Dan Andrews met the US parent of Crown Resorts twice, part of undisclosed business dealings of the powerful former premier.
- Mark Di Stefano
Opinion & Analysis
Banducci’s last Woolies profit is his worst misstep and finest moment
CEO Brad Banducci leaves the retail giant in a difficult spot. But the strategic decisions he’s made can drive the group’s turnaround.
Columnist
BHP steps boldly in an uncertain world
The company is confident of future growth prospects in copper and potash, while iron ore profits continue to underpin its bottom line despite nerves over China.
Columnist
Private credit boom demands regulatory attention
Investor protections, transparency and higher disclosure standards need to be put in place, so investors can have faith they’re being paid for the risk they’re taking by moving their money out of guaranteed bank deposits.
Editorial
How Coles stopped the thieves and beat the petty politics of profits
Populist politicians will probably claim Coles is price gouging. But its results tell a more nuanced story that’s resonating with investors, if not voters.
Columnist
Companies in the News
Commonwealth Bank
Endeavour Group
Fortescue Metals Group
Updated: Aug 28, 2024 – 12.39pm. Data is 20 mins delayed.
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Featured
Real estate portal Domain the ultimate fixer-upper for Nine’s board
It’s Australia in 2024, and property is (still) king. Getting the one-time growth engine firing again would make for some very happy shareholders.
- Jemima Whyte
Inghams director warns: Guzman y Gomez store will attract ‘riff-raff’
Behind the minor fracas is a bigger question about whether the country’s biggest poultry producer can continue to squeeze big profits from fast food chains.
- Jemima Whyte
The PwC players, the blowback and why it could all happen again
Many current and former PwC partners still don’t believe the tax leaks scandals involved any serious wrongdoing, and regulators can’t be sure there will not be a repeat.
- Edmund Tadros
More From Today
- Opinion
- Chanticleer
Banducci’s last Woolies profit is his worst misstep and finest moment
CEO Brad Banducci leaves the retail giant in a difficult spot. But the strategic decisions he’s made can drive the group’s turnaround.
- 1 hr ago
- James Thomson
McGrathNicol steps up insolvent trading probe at Scott’s Logistics
A new report shows a major creditor has agreed to stump up funding to allow liquidators to “pursue further investigations”.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Superannuation
APRA puts major super funds on notice over ‘opaque’ private credit
Some of the country’s largest funds, including AustralianSuper, are heavily invested in the sector, lending to the challenged US commercial property market.
- Hannah Wootton
Yesterday
McGorry ‘taken out of context’ by CA ANZ chief van Onselen
Patrick McGorry says he was taken out of context in an opinion article by Chartered Accountants ANZ chief executive Ainslie van Onselen about proposed new laws to rein in rogue tax agents.
- Edmund Tadros and Myriam Robin
Insurer payments to hospitals are rising – so are out-of-pocket costs
But major hospital groups say surging specialist fees and medical device expenses mean the higher payments are still barely keeping them above water.
- Michael Smith
The Mail and the accountants: a Peter van Onselen story
Most would run a mile from this sort of thing. But that’s never been Peter van Onselen’s style.
- Myriam Robin
BHP’s warning for high-cost iron ore producers
“We would expect some high-cost suppliers to be driven out of the market over time,” BHP said of its iron ore producer rivals.
- Peter Ker
Goldman Sachs shops at rival for equities talent
Street Talk understands Morgan Stanley equity sales vice president Beatrice Tsu-Jones is set to join Goldman’s sales team as a VP.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Mining
BHP steps boldly in an uncertain world
The company is confident of future growth prospects in copper and potash, while iron ore profits continue to underpin its bottom line despite nerves over China.
- Jennifer Hewett
- Opinion
- The AFR View
Private credit boom demands regulatory attention
Investor protections, transparency and higher disclosure standards need to be put in place, so investors can have faith they’re being paid for the risk they’re taking by moving their money out of guaranteed bank deposits.
- The AFR View
Video emerges of Seven’s sexy Santa dancers
The scantily clad dancing group were brought on stage during a Seven West Media staff meeting at 11:15am last week.
- Mark Di Stefano
Snowy Hydro’s Kurri Kurri generator to run on diesel for months
The new 660-megawatt power station will begin operating in December but only switch to gas early next year, with green hydrogen now a long-term option.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
How Coles stopped the thieves and beat the petty politics of profits
Populist politicians will probably claim Coles is price gouging. But its results tell a more nuanced story that’s resonating with investors, if not voters.
- James Thomson
Coles rewards shareholders as profit and margins jump
The result pushed Coles shares to a two-year-high, as major retailers face more political heat over alleged price gouging.
- Carrie LaFrenz
Tradies get a taste for Guzman y Gomez’s breakfast burritos
“Cafes are expensive,” says Guzman y Gomez co-CEO Steven Marks, who is tapping into the fast-growing drive-through breakfast rush.
- Simon Evans
Guzman y Gomez is nearly a $4b company
The Mexican-themed fast-food chain is outstripping rivals in delivering strong same-store sales growth and closed at a record on Tuesday.
- Simon Evans
Zip nails comeback, predicts huge US transaction growth
Zip shares took a breather after a strong run driven by its pivot to profitability.
- James Eyers
- Results Wrap
- Chanticleer
How Guzman y Gomez plans to keep winning over kids – and investors
Guzman y Gomez keeps its real for the kids, BHP takes a swing on IR and Coles steps into the brave new world of AI.
- James Thomson and Anthony Macdonald
Morgan Stanley Wealth shuffles the deck, snaps up MSCI exec
Street Talk understands head of managed product and capital markets Shaun Bornstein is on his way out the door after eight years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Zenith head of research nabs Blackwattle Partners gig
Bronwen Moncrieff, a well-known gatekeeper within the funds management industry, has joined Blackwattle Partners’ Investment Council.
- Sarah Thompson, Kanika Sood and Emma Rapaport
