This Month
Cettire downgrades profit again, shares crash 30pc
A surprise trading update by the luxury platform reveals a big miss in analyst consensus expectations and the possibility of a capital raising.
IDP Education’s 48pc free fall is about much more than horror earnings
It’s not often you see a share price halve on an earnings downgrade. Here’s what’s happening at the student testing group.
May
Nvidia’s Huang lashes Trump’s China AI ban but spells out chip boom
The technology giant buoyed investors with a bullish outlook for the growth in artificial intelligence, but warned it was ceding markets where it cannot sell.
Middle East’s Nvidia demand could add $1trn to AI market boom
Sovereign AI deals have become key to Nvidia’s strategy to entice customers beyond Silicon Valley and reduce its reliance on big tech companies, and China.
Web Travel bookings surge defies industry slowdown
The hotel aggregator is still seeing strong demand, even in the difficult US market, helping its shares to rise sharply.
Myer says discount war is eating into margins
The retailer faces a challenge to turn around sales at Apparel Brands, the five clothing chains Myer acquired from Solomon Lew in January.
Optus CEO focused on costs as profit rebounds
Optus boss Stephen Rue says the telco’s sports streaming platform remains important to customers, amid speculation it could be up for sale.
Celtics deal a slam dunk as investors cheer Catapult result
Catapult Sports shares hit record highs on Wednesday as its CEO said increased investment in professional sports team would drive demand for its products.
Webjet cuts costs to beat flights slump, puts buyback on ice
The online travel agent has done little to dampen takeover speculation, postponing capital management plans after an approach from BGH Capital.
Monash IVF downgrades full-year profit outlook
Analysts blame Monash IVF’s profit downgrade on softer volumes industry-wide rather than an exodus of patients following its Brisbane embryo mix-up.
TechnologyOne targets more government work after profit beat
The Brisbane-based software giant will pay a record interim dividend after reporting strong revenue growth, especially in the UK market.
New Hope’s boom days over as coal price slump hits sales, shares
The ASX-listed miner’s earnings for the first quarter are about half what some had forecast.
Walmart’s trade war warning: Higher prices are coming
The retail giant says it is bracing for a bigger hit from the Trump administration’s tariff turbulence and overall economic malaise in the coming months.
Why Xero’s CEO has a lot riding on US growth strategy
Shareholders are closely watching the performance of Xero’s Sukhinder Singh Cassidy, who is set to become one of the ASX’s highest-paid bosses.
Aristocrat Leisure shares tumble as revenue falls short
Chief executive Trevor Croker sought to ease investor concerns after a disappointing half-year result took $3 billion off its market cap.
CBA chief Comyn eyes bigger slice of business lending
Commonwealth Bank’s business loans jumped 9.1 per cent for the March quarter, or 1.3 times the average of the banking system.
Airwallex local losses deepen despite global boom
Financial services company Airwallex files most of its earnings in the Cayman Islands, but its local numbers show it fell deeper into the red in 2024.
Macquarie board to hold management’s ‘feet to the fire’ over compliance
Group announces solid annual result and remains confident about negotiating the global uncertainty affecting markets.
How Macquarie’s boring business became a star
There’s a clear sense that amid the shift to deglobalisation a less glamorous division of the millionaires’ factory is likely to keep driving growth at the group.
Macquarie vows to tackle risk culture after ASIC blast
The investment group’s chairman, Glenn Stevens, acknowledged the corporate regulator’s compliance failure allegations against the banking division.