ASX Announcements
This Month
Bank profit falls send uneasy investors into panic mode
NAB was the second major bank in three days to warn of weaker profits. An 8 per cent share price fall raised investors’ concerns the sector has begun to derate.
- Updated
- James Eyers
Major banks move quickly to pass on cut in full
Westpac, NAB, CBA and ANZ have all announced a 25-basis-point cut to their mortgage rates, just minutes after the central bank moved the cash rate lower.
- Updated
- James Eyers
- Results Wrap
- Chanticleer
What we learnt: Investors just handed out the biggest beating of profit season
Bendigo Bank takes a beating after its asset binge, BlueScope frets about China’s health and Lendlease puts its house in order.
- James Thomson and Anthony Macdonald
Surge in Bendigo Bank lending crunches margins, sends shares sliding
The slump in key profitability measures caught the market off guard, with brokers asking the lender’s chief executive whether the company was being transparent.
- James Eyers
Trump boosts BlueScope; Housing crisis hope; Business class wars
Read everything that’s happened in the news so far today.
- Analysis
- Top Graduate Employers
The graduate employment boom is losing steam
Graduates can still find employer programs straight out of university, but it’s becoming tougher as the employment market retreats from boom time to just good times.
- Julie Hare
Westpac boss supports RBA rate cut, says it will deliver needed relief
The bank said its quarterly net profit of $1.7 billion was lower due to some notable items, while its profit margin also contracted due to competition.
- James Eyers
Tyro Payments keeps an ear out for suitors amid share price plunge
The eftpos terminal operator’s top brass is said to be open to takeover approaches – quelle surprise – and Macquarie Group’s banking business is seen as a potential suitor.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Big four
Banks strike Australia Post deal to bolster rural branches
Lenders will extend moratoriums on country branch closures and have agreed to lift funding for over-the-counter services provided at post offices.
- Updated
- James Eyers, John Kehoe and Tom McIlroy
- Exclusive
- Working from home
CBA cracks down on ‘coffee badging’, Woolies joins WFH push
The big four bank tells staff they have to spend at least four hours in the office to count for a day’s work, while Woolies joins the back-to-the-office push.
- Updated
- Euan Black
Goldman Sachs alumni are taking over banking
From Westpac’s Anthony Miller to Commonwealth Bank’s Andrew Hinchliff, the Wall Street giant is well represented on Australian bank executives’ CVs.
- James Eyers
Carlyle backs SA battery’s $200m financing deal
Carlyle’s investment comes as Amp Energy hits financial close on the project financing for Bungama’s first stage, which required $200 million of the battery’s total $350 million projected capex.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
There’s a new mortgage war brewing
Competition is creeping up again in the mortgage market. But there’s a new battleground opening up as one bank puts the pedal to the metal.
- James Thomson
Major banks ready to carry Westpac’s Armaguard load
The banks and regulators met on Wednesday afternoon without the cash transit monopoly to work out how to replace Westpac’s unique cash distribution operation.
- James Eyers
US private debt house Monroe Capital to open Australia office
Monroe Capital will open a Sydney office and has tapped former Hines Investment Management’s capital markets director Galen Fu to develop its local business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Westpac to offer legal services as it vies for business bank customers
The big four bank has made a strategic $10 million investment in Lawpath, as it looks to maintain its recent market share gains.
- James Eyers
Westpac poaches from CBA for its new head of business banking
Paul Fowler, who has been leading business banking across regional Australia for the Commonwealth Bank, has defected to a big four rival.
- James Eyers
January
The workforce challenges keeping these HR bosses up at night
BOSS talks to six human resources executives about challenges they face in 2025. Rethinking diversity programs may not be one of them, but there are many others.
- Sally Patten, Patrick Durkin and Euan Black
Rio Tinto warns of iron ore disruption from Pilbara cyclone
First quarter iron ore shipments will be lower after a WA cyclone dumps one month’s rain in 24 hours and floods port infrastructure.
- Mark Wembridge
Will bank stocks continue to run hot this year?
After beating the ASX 200 by 24 per cent, shareholders are faced with a “challenging predicament” of whether to stick with the banks or finally take some profits.
- Updated
- James Eyers