NewsBite

Earnings season

Yesterday

Mirvac says middle ring housing demand is booming

The diversified developer, builder and landlord claimed a ‘solid’ result in a market that is still recovering.

  • Updated
  • Michael Bleby
AMP’s Alexis George.

AMP shares mauled over dividend versus growth trade-off

The company’s final dividend has come in below forecasts as it warns that it has to better balance its growth ambitions with capital returns.

  • Lucas Baird

This Month

Tim Ford with bottles of Penfolds. Treasury Wine has focused on its luxury wine business and wanted to sell its cheaper brands.

Treasury scraps Lindeman’s sale but doubles down on Penfolds

The country’s biggest winemaker had put the prominent low-cost brand on the block along with Wolf Blass and Yellowglen. It couldn’t find buyers.

  • Updated
  • Simon Evans
Downer EDI chief executive Peter Tompkins says the contractor has “turned the corner”

Downer EDI boss says price-fixing claims won’t hurt Defence bid

Peter Tompkins is confident the competition watchdog’s investigation into alleged price fixing won’t hurt its chances of winning multi-billion dollar defence contracts.

  • Jenny Wiggins
Origin Energy CEO Frank Calabria.

Origin CEO calls for focus on ‘critical’ energy security

Frank Calabria’s comments came as Origin posted a small beat in first-half earnings but downgraded expected full-year profits from fast-growing Octopus Energy in the UK.

  • Updated
  • Angela Macdonald-Smith
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A fire-ravaged property in the Pacific Palisades last month. IAG said the devastating wildfires have drawn attention to bushfire coverage in Australia.

IAG says LA wildfires were a wake-up call on disaster preparation

The insurance giant, which owns the NRMA and CGU brands, reports a 91 per cent jump in interim profit, but its shares fell as premium rises moderated.

  • James Eyers
The tone set at the top of our banks has been shown to have been too focused on profits.

What we learnt: This is what’s behind the blue-chip battering

It was sell first, ask questions later on Thursday as some ASX big names were dumped. Why? It’s all about the outlook.

  • James Thomson and Anthony Macdonald
ASX’s half-yearly results sent its shares up 6pc on Thursday.

ASX tips a stronger year for new listings on back of Chemist Warehouse

ASX reports record level of operating revenue for a first-half, driven by higher trading volumes, especially in derivatives markets.

  • James Eyers
Temple & Webster’s chief executive Mark Coulter. The company has reported a jump in sales over the last six months.

Temple & Webster shares gain as sofas, bathroom taps boost sales

The country’s biggest online furniture and homewares retailer beat market expectations for sales in the first half of the financial year.

  • Carrie LaFrenz
CBA chief executive Matt Comyn flew through Wednesday’s results. You wouldn’t think he runs a company where most analysts are betting the share price should tank.

Matt Comyn’s CBA share price conundrum

All the figures in Commonwealth Bank’s results – and there were 128 pages of them – are about the one number that was not there.

  • Updated
  • Anthony Macdonald
NBN Co chief executive Ellie Sweeney

New NBN chief Ellie Sweeney sharpens cost-cutting amid $564m loss

The government-owned broadband network operator has reduced its half-year deficit by trimming maintenance and marketing costs and raising prices.

  • Jenny Wiggins
A flooded home in Macknade, north Queensland, this month.

Suncorp confident it can rise to challenge of Queensland floods

The deluge will not push up insurance premiums thanks to strong buffers, the CEO of the Brisbane-based insurer said after its interim results impressed.

  • James Eyers
CBA boss Matt Comyn pictured on Wednesday.

CBA predicts business activity jolt from imminent rate cut

Commonwealth Bank’s shares hit a record high on Wednesday, with CEO Matt Comyn saying the results clearly showed “improvements in disposable income”.

  • Updated
  • James Eyers
AGL Energy’s biggest shareholder MIke Cannon-Brookes wins as the company picks up more Tesla drivers.

What we learnt: Donald who? AGL’s $1b battery bet and love for EVs get thumbs up

AGL still loves electric vehicles, Suncorp’s profit jump might be too big for its own good, and is CBA’s balance sheet beyond reproach?

  • James Thomson and Anthony Macdonald
AGL Energy chief executive Damian Nicks at the company’s SA batteries project. The battery, and another in NSW, added $17 million to the company’s bottom line in the first half of the financial year.

AGL prepares a big battery bet to capitalise on energy volatility

The electricity and gas utility says returns are rising on storage projects as it prepares to tick off an estimated $1.5 billion spending plan over 18 months.

  • Updated
  • Angela Macdonald-Smith
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CBA boss Matt Comyn is streeting his rivals.

CBA’s radical home loan tactic is leaving the pack behind

With an election looming, Commonwealth Bank wants to hide its light under a bushel. But the gap to the rest is only getting bigger. Is the bank really taking enough risk?

  • James Thomson
Evolution Mining has more than tripled its interim dividend on the back of the soaring gold price.

Evolution Mining triples dividend as gold nears $US3000

The soaring price of the precious metal has almost quadrupled first half profit at the ASX-listed miner, which has rewarded investors with a chunky payout and is targeting copper deals.

  • Mark Wembridge

Mall owner says rates relief ‘turning point’ in sight

High interest rates and inflation have been a drag on mall owners such as Region Group just as much as shoppers. But the landlord just revalued its portfolio upwards.

  • Nick Lenaghan
SGH chief executive Ryan Stokes in his Sydney office on Tuesday.

Boral earnings bonanza lifts Stokes family’s SGH to bumper payout

The industrial conglomerate will reward shareholders after a rise in Boral profits. It took the massive building supplies business off the ASX in July.

  • Simon Evans
Australian shares are poised to start the day as commodities rallied overseas.

ASX flat; CSL extends sell off on sales blow, lithium miners tumble

Sharemarket seesaws; CSL tumbles on sales blow; gold buoys Evolution, De Grey; impairment hit for Ramsay; upgrades on the horizon for Breville.

  • Updated
  • Timothy Moore and Nicola Blackburn

Original URL: https://www.afr.com/topic/earnings-season-1mlu