What we learnt: This is what’s behind the blue-chip battering
A couple of ASX darlings and a comeback story have grabbed our attention as earnings season ramps up. The results are good, but what does it say about the RBA’s next big call?
The big result | If you needed a reminder that profit season is all about the windscreen and not the rearview mirror, insurance giant IAG provided it on Thursday.
The numbers were good: cash earnings surged 54.2 per cent in the December half to $640 million, about 6 per cent above market expectations, thanks to good weather and cost-cutting during the period.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
