Transurban disappoints with guidance
The roll road operator said traffic flows on its network exceeded pre-pandemic levels in recent months, but its dividends guidance was lower than expected – sending shares down.
Companies
Orora delivers strong profit growth as revenues pass $4bn
Bottle and packaging manufacturer Orora has shrugged off supply chain and inflationary pressures to post a solid jump in profits.
Energy doubts cloud Origin vision
Origin Energy has been forced to defer providing a 2023 earnings guidance as coal supply shortages and volatile electricity markets cloud its profit outlook.
Speed up reforms or risk spiralling premiums: Medibank
Health insurance premiums are at 20-year lows while participation has rebounded, defying pre-Covid-19 trends. But Medibank’s David Koczkar says the industry can’t grow complacent.
Treasury uncorks Penfolds’ potential
Treasury Wine Estates is banking on its luxury Penfolds brand to accelerate the company’s growth while China remains closed off.
‘The world has changed’: Santos chief sticks to his guns
The market had hoped to hear Santos quitting its Alaskan oil interests and a selldown of its PNG LNG holding. It didn’t.
Day trippers supporting city comeback: Vicinity
Shopping centre giant Vicinity Centres gave an upbeat assessment of the future of cities saying that CBD day trippers were taking up the slack left by the slow return of office workers.
Soaring wages throw a spanner in Domain’s outlook
Strong competition for workers has seen Domain warn of soaring expenses after it reported a lift in annual profit and revenue.
Whispir eyes profit on back of ‘mega deals’
Cloud-based technology platform Whispir is expecting to be profitable in the second half of this year after signing deals with state and federal governments and Singtel.
Fair Work setback for gig workers
Fair Work full bench upholds Deliveroo appeal and quashes finding that rider was an employee, not an independent contractor.
The simple formula for making Magellan great again
The new boss of the under-pressure fund manager knows it will be a long, hard road back to outperformance.
Steadfast in $301m deal for broker firm
Insurance broker network Steadfast has made another acquisition and is eyeing international expansion after boosting profits for an eighth consecutive year.
Bapcor shrugs off supply chain concerns with record profit
Vehicle parts and accessories company Bapcor says investment in distribution centres has helped with supply chain issues as it posted a record full year result.
Barty’s life after tennis revealed
Three-time grand slam winner Ash Barty has revealed she is pursuing a new corporate role at a major firm, less than six months after retiring from tennis.
Pact Group slashes dividend as contract manufacturing stumbles
Pact Group has written down millions in worthless hand sanitiser stocks as its annual profit and dividend tumble.
Tough year takes toll on Magellan
Magellan new CEO David George has warned of a tough year ahead after a sub-par investment performance caused a massive outflow of funds under management.
Santos prepares for ‘changed’ world’s fuel demand
Santos approved its $US2.6bn ($3.7bn) Alaska oil project after more than tripling first-half profits, saying the global energy crisis had sparked a rush for new supplies.
Brambles boss hopes pallet hoarding will soon end
Brambles is hoping millions of wooden pallets being hoarded by customers will soon be returned, allowing him to chase new business for the first time in 18 months.
CSL blindsided by Morrison becoming health minister
The pharmaceutical company says it had no idea it had to deal with two health ministers when it was tasked with producing the majority of Australia’s Covid-19 vaccine supply.
Happy campers: Super Retail sees shopping boom
Super Retail chief executive Anthony Heraghty says sales at his stores rebounded in the second half of the financial year as pandemic restrictions were eased.
Corporate Travel returns to dividend payout
The global business travel group will pay a 5c a share dividend for the first time since Covid-19 struck after strong gains in revenue.
The mega-trends behind BHP’s green shift
It is the first full year that BHP has stepped forward without its oil and gas business meaning investor fortunes will rise and fall on commodity price swings.
James Hardie cuts earnings guidance as costs rise
Rising transport and energy costs weighed on the global construction materials giant as it missed expectations and trimmed forward guidance.
Energy generation ‘out of the money’ at price cap
A debate has kicked off on increasing price caps in the electricity market to avoid a repeat of the grid being suspended earlier this year with some set to gain more than others.
Bingo and rich-lister Daniel Tartak face criminal cartel charges
Waste company Bingo Industries has pleaded guilty to criminal cartel offences relating to price fixing for demolition waste services in Sydney.
SEEK profit jumps 81 per cent on record job ads; shares fall
Australia’s biggest job search company has unveiled a big jump in profits on the back of record job ads but warned of material risk to forecasts, causing share price to fall.
$100m aim for ‘retail’s best kept secret’
Headed by Richest 250 member Fung Lam, New Aim is an Australian e-commerce success story, which is seeking external capital for the first time to bolster growth.
JB Hi-Fi keeps one step ahead of retail game
It is the constant evolution that has seen JB Hi-Fi pivot from selling cheap CDs and car stereos to becoming one of the best performing retailers of the past decade.
North Star shines for BlueScope
The US steel mill has been a standout performer for BlueScope chief executive Mark Vassella.
How Covid made us leaner and smarter
JB Hi-Fi and BlueScope Steel were forced to get leaner and meaner through the Covid years and both have produced surprising profit results.
Original URL: https://www.theaustralian.com.au/business/companies/page/194