This Month
Collins Foods banks on the Zinger Banh Mi as KFC profits soar
The better-than-expected half-year financial results are a glimmer of hope for a fast food industry that has seen heated competition and sluggish sales growth.
UK Cabinet Office probes Corporate Travel amid overcharging scandal
London’s mayor is also urgently reviewing his council’s contract with Corporate Travel Management after the embattled firm admitted overcharging its UK clients.
AI spending hits bottom line at local tech stars
Three of Australia’s leading private software firms are spending big to keep up in the arms race, but the investment is yet to translate into higher earnings.
November
UK vows to pursue Corporate Travel for ‘appalling’ overcharging
Embattled travel agent Corporate Travel Management is facing an investigation by Britain’s Home Office after it admitted to massively overcharging customers.
Hedge fund calls for Corporate Travel chair and CEO to resign
The business travel agent has defended its governance as its accounting scandal deepens, with an admission it owes £80 million ($162 million) to UK customers.
Ramsay Health earnings recover in first quarter, Sante decision close
Australia’s largest private hospital operator says EBIT grew 5.8 per cent in the first quarter, but “not where we want them to be”.
Corporate Travel tells investors not to expect accounts this month
Shares have not traded since August 22, when the ASX-listed business travel provider found material errors in its numbers stretching back years.
‘Australia’s not high-growth’: ANZ boss hits Labor on productivity
Nuno Matos says that to lure big offshore investment, the nation will have to break the 2-2.5 per cent growth barrier from a GDP perspective.
Monash IVF says market share, patients down since embryo mix-ups
Stiff competition and pricing pressure in Victoria has hurt the fertility group’s performance so far this fiscal year.
Nvidia shrugs off AI bubble fears with bumper chip demand
The technology company’s earnings are a bellwether for the health of the artificial intelligence sector.
What if Nvidia’s results are too good? Get set for markets’ next test
It seems obvious that great quarterly numbers from the chipmaker will make investors happy. But there’s a chance its guidance could add to AI spending fears.
TechOne punished as investors flee sector
Shares in the software developer slumped, despite a near one-fifth increase in profits over the last financial year, as the ASX suffered its second-biggest drop this year.
Humm independent director Andrew Darbyshire didn’t ratify accounts
The refusal suggests deep board division and delayed the release of the company’s results, as it also fielded a $286 million bid by chairman Andrew Abercrombie.
Xero’s $4b Melio acquisition weighs down investors despite profit jump
The company’s chief executive Sukhinder Singh Cassidy says she is confident the massive acquisition will transform the accounting software business.
Orica posts biggest profit in a decade on booming mining demand
High gold prices helped drive strong demand for the chemicals and explosives made by the company in the past year.
Aristocrat eyes up rivals as poker machine sales soar
The pokies manufacturer is planning to release new hardware in Europe and Asia, which it believes could take further market share from competitors.
Flight Centre flags profit growth as US travel begins to pick up
The Brisbane-based travel agent won $400 million in new corporate business in the first quarter, and sees potential for double-digit profit growth this year.
Comyn says rivals replicating CBA’s strategy as competition heats up
The country’s largest lender delivered higher quarterly earnings but saw more than $18 billion wiped from shares amid concerns that margins are under pressure.
Family tracking device banks on pet finder for growth
Life360 is famous as an app for tracking kids, but its CEO says its new pet GPS gadget will lure more free users and childless adults into paid subscriptions.
With one sentence Matt Comyn just tempered banking’s growth fantasy
Investors didn’t like CBA’s trading update, with its shares off more than 6 per cent. But it was Comyn’s warning on the implications of competition that should grab investors.