Earnings season
Updated
Commonwealth Bank
Trump’s tariff plan to fuel global inflation, could keep rates high: CBA boss
Commonwealth Bank chief executive Matt Comyn said Australia’s economy is being weighed down by elevated interest rates and sticky inflation.
- by Sumeyya Ilanbey
Latest
Updated
ANZ Bank
Savings keeping borrowers afloat with no RBA relief in sight: ANZ boss
ANZ CEO Shayne Elliot says the Reserve Bank of Australia would likely begin cutting the cash rate “later rather than earlier.”
- by Sumeyya Ilanbey
Updated
National Australia Bank
Australia likely to get hurt in Trump’s trade war, warns NAB boss
The nation’s largest business lender says local companies could be hit hard if president-elect Donald Trump ploughs ahead with his tariff threats.
- by Sumeyya Ilanbey
Updated
Westpac Banking Corporation
Westpac says hardship has peaked as borrowers adjust to high rates
The banking giant, which delivered a $7 billion profit and raised its dividend on Monday, says the economy is turning the corner.
- by Sumeyya Ilanbey
Banks tipped to rake in $30b as most borrowers weather interest rate storm
Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors, to be revealed this week.
- by Sumeyya Ilanbey
Updated
Macquarie Bank
Macquarie Group profits squeezed by ‘subdued’ energy markets
Macquarie is expecting to rake in less income from its commodities business over the next six months due to lower market volatility.
- by Sumeyya Ilanbey
Updated
Woolworths
Woolworths cops hit to food profits as customers trade down
Supermarket giant Woolworths has warned that first-half profits will suffer at its supermarkets as customers continue to look to cheaper products amid the cost-of-living crisis.
- by Kayla Olaya
BoQ shares hit 17-month high as ailing bank backs off from mortgage wars
Bank of Queensland will pivot from its pursuit of a bigger slice of the mortgage market to the more profitable business bank division as it tries to turn things around.
- by Sumeyya Ilanbey
Updated
The Star Entertainment Group
‘On its knees’: The Star to cut jobs, sell assets following $1.7 billion loss
The ailing casino operator finally delivered its full-year results on Thursday, after snagging a last-ditch $200 million loan from its banks.
- by Amelia McGuire and Matt Dennien
Opinion
Solomon Lew
Top of Solomon Lew’s hit list – the government and executive defectors
The retail billionaire joins a long list of big-end-of-town businessmen who have taken issue with how Labor is performing.
- by Elizabeth Knight
Solly Lew delays Smiggle, Peter Alexander spin-off amid Myer talks
The billionaire rag-trader has his hands full amid a potential acquisition by Myer of five of its brands and a stoush with Smiggle’s ex-boss.
- by Jessica Yun
Original URL: https://www.theage.com.au/topic/earnings-season-1mlu