This Month
Investors brace for ASX reality check as ‘confession season’ looms
Fund managers are preparing for a wave of earnings downgrades to hit the bourse next week as companies shift guidance at the Macquarie conference.
Atlassian’s AI plans fail to stop $15b value plunge
CEO Mike Cannon-Brookes has failed to convince investors on making its AI assistant free as they shaved billions of dollars off his wealth on Friday.
Judo, Block shares smashed after misses
Quarterly updates from the business bank and payments player met a savage market reaction, with loan and sales growth undershooting because of business uncertainty.
Apple and Amazon have no idea what’s coming
Big tech earnings are holding up well for now, but it’s clear Amazon, Apple and other tech giants have little idea of how a protracted trade war might hurt them.
Apple’s chaotic month culminates in tariff-focused earnings test
Today’s earnings come at a time of uncertainty for Apple, after a month which saw enormous swings in the stock.
Woolworths sales growth picks up but Big W is a massive worry
While the nation’s biggest grocery retailer enjoyed a 3.2 per cent sales bump, losses at its variety chain are now almost double its initial estimate.
Why investors (but not workers) are raving about Microsoft, Meta
The big-tech AI party seemed to be winding down, but Meta and Microsoft say the night is still young.
April
Losses rise at $1b start-up Pet Circle despite growing sales
Corporate filings reveal losses at the pet supplies business rose more than $5 million last year because of the costs of new warehouses, staff and products.
Star’s earnings outlook worsens as it prepares for new owner Bally’s
The casino group has plunged to a $21 million EBITDA loss for the March quarter, and says uncertainty remains about its ability to operate as a going concern.
GM delays investor call, UPS axes 20,000 jobs as tariffs create chaos
About 40 companies worldwide have pulled or lowered their forward guidance in the first two weeks of the first-quarter earnings season.
Banks can’t afford to bust the defensive myth propping up share prices
It’s amazing how we all get sucked into short-term market narratives. Do we really think highly leveraged banks are safe havens? Surely, it’s a fad.
Political scrutiny of mortgage rates to pressure bank margins
Ahead of interim earnings at Westpac, NAB and ANZ next week, analysts are questioning whether bank stocks can remain safe-haven assets.
Trump’s turbulence is hurting Australian earnings more than expected
From Flight Centre to Brambles, boards are starting to get enough firm data to realise the US president’s tariff threats are more than just noise.
Morgan Stanley warns clients ASX will barely rise this year
The Wall Street investment bank’s comments come as futures point to a fall on the local benchmark on Tuesday and as investors eye US earnings this week.
BoQ boss says he’ll stick around to see transformation through
Patrick Allaway intends to remain in charge until at least October 2026, by when he hopes to have delivered $250 million in productivity savings.
BoQ is the biggest experiment in Australian banking
Turning a regional lender into a sustainable competitor to the big four is a mammoth task. Bank of Queensland’s turnaround might be about to get mugged by reality.
Star attempts to grow revenues after $300m loss in horror six months
The casino operator said that there were material uncertainties about its ability to operate, with its Brisbane complex written down and a fall in revenue.
Waugh says Rugby Australia will hit $50m surplus after ‘reset’ year
The governing body posted a $36.8 million loss as it took ownership of three state-based clubs. The chief executive says the code will now make history.
‘Huge’ profit downgrade cycle bears down on Wall Street
Analysts have barely budged their earnings forecasts for the world’s most important sharemarket despite recession alarms blaring, leaving equities vulnerable to a big reality check.
March
How Solomon Lew will win the tariff war amid ‘worst conditions in 62 years’
Consumers are feeling stressed and conditions are tough, but the retail guru is still looking for growth.