Company News

Qantas has recorded a 13 per cent fall in its post-tax profit to $873 million in the six months to December 2023, largely driven by lower airfares as its capacity returns to normal after the COVID-19 pandemic.

Nearly three-and-a-half decades after a catastrophic crash wiped out the Japanese asset bubble, its stock market has finally hit a record high. But the ASX is not following, amid a raft of mixed profit results. Follow the latest updates in our live blog.

It's been one of those weeks for Woolworths boss Brad Banducci, kicking off with the airing of a trainwreck Four Corners interview on Australian supermarket competition. But it all promises to end well, at least for him.

Brad Banducci is retiring as the supermarket giant announces a massive loss and faces ongoing allegations of price gouging and unfair practices with suppliers.

A year after BHP singled out nickel as a key growth area for its business, the metal's price has plummeted. As it weighs up closing its nickel operations, BHP's boss says it's unlikely the metal will be profitable before the end of the decade.

Virgin Australia boss Jayne Hrdlicka announces she will step down after almost four years at the helm of the airline.

The ASX closed down, Virgin CEO Jayne Hrdlicka announced she will step down and BHP CEO Mike Henry speaks with The Business.

Gains in the mining sector were pared back as the trading day unfolded and despite a broad based sell-off, as some company results failed to impress, the ASX 200 closed mostly flat.

The Australian share market closed higher as miners benefited from a rise in commodity prices, while insurers IAG and QBE and Inghams closed lower after releasing their latest earnings results missing analyst profit expectations. After years in the making, the OECD has released Pillar Two of its global plan to collect more tax from multinationals. But will countries implement it?

The customers of at least six financial institutions experienced issues with payments and online banking on Thursday, as investigations continue into the root of the problem.

The Australian company's construction arm went into voluntary administration this month, with work on 21 development projects grinding to a halt and no guarantee they would resume.

It would be the biggest blow yet to the state's once-booming nickel industry, which has seen mine closures and hundreds of job losses this year amid a sharp fall in metal prices.

The ASX ended higher on Thursday despite data from the ABS showing the unemployment rate climbed to 4.1 per cent in January. Meanwhile, some major companies posted rising profits, including gas giant Origin and Wesfarmers. Read how the day unfolded.

The ASX closes almost a per cent lower as shares plunged in the US and here on concerns hot inflation figures will push interest rate cuts back. The CBA boss warns the RBA's last interest rate rise is only hitting borrowers this month. Look back on our business blog to see how today's events unfolded.

The company went into voluntary administration last year, threatening the jobs of over 200 workers.

Klark and Brooke Quinn, who previously steered prominent Australian brand Darrell Lea through administration, say they are in for the long term at beleaguered dessert maker, Sara Lee.

The Australian share market finished lower for the day as earnings season continued, while the price of bitcoin surged to $US50,000 for the first time in two years and AGL's Loy Yang A power station in Victoria suffers an outage.

The Australian share market loses ground as a failed medical trial for CSL sends the market heavyweight biotech sharply lower. Meanwhile, JB Hi-Fi gains on consumer resilience. Look back on how the trading day unfolded.

Billionaire Clive Palmer's Queensland resort suddenly fired 125 employees in August, with the workplace tribunal criticising the handling of several terminations.

RBA governor Michele Bullock said the central bank would consider cutting rates before inflation returned to 2.5 per cent if the economy was in good shape, while the ASX ended higher for the third-straight day after a subdued start.

Australia's publicly listed companies are opening their books, but higher interest rates, moderating inflation and a slowing economy has analysts forecasting modest half-year results for big business.

Australian shares end higher after AGL posts a better than expected half-year profit and upgrades its forecast for the full year. Mainland Chinese shares shrug off the worst deflation numbers since the global financial crisis. Look back on how the trading day unfolded.

Companies like Boeing, Sikorsky and Lockheed Martin will purchase new military helicopters to bolster service-ready aircraft stocks in the wake of the Taipan fleet grounding.

The combined business would reportedly have had an LNG (liquefied natural gas) capacity of 16 million tonnes a year.

The Australian share market rebounds from two straight sessions of losses led by heavyweight miners, while the Woodside-Santos merger collapses, and NAB promotes British-Canadian executive Andrew Irvine as its next CEO.