It may be an embarrassing issue for the Victorian government, but investors in the diagnostics company have cheered its decision to no longer build a rapid antigen test factory in Melbourne.
The dairy producer has been in discussions with supermarkets for months as it seeks to recover a 30 per cent hike in its own costs.
The bank will book lumpy expenses in the latter half of the fiscal year that will be roughly offset by a gain on selling a stake, as it gears up to report an annual $9.3bn profit.
ASIC’s funding model, which raised $1.51bn last year, will be reviewed five years after it was rolled out.
The results are the latest from the big four firms to show impressive bounce back from the negative impact of the initial Covid-19 years.
The patriarch of Australia’s largest real estate agency reveals why price falls and uncertainty might not be doom and gloom for the industry.
While the job market remains tight, big companies have been unable to master how to bring their workforce back.
All eyes will be on the impact of rising interest rates on Commonwealth Bank’s profit margin, when CBA hands down its annual result on Wednesday.
Andy Penn has left Telstra in better shape than he found it, but total returns underperformed the market by a massive 66 per cent.
The buy now, pay later giant missed market expectations on payment volumes, sending its share price down.
Mercedes-Benz executives will testify in court they feared online sales, new technology and changing consumer tastes would wipe their profits.
For the punter, a Mastercard could be just a card in a wallet but the $500bn global juggernaut is looking to be the master of the Metaverse from crypto to blockchain.
CSL’s $16.4bn acquisition of Swiss biotech Vifor Pharma gets a thumbs up from a faithful shareholder base.
Amid broader challenges in the tech sector, the Mike Cannon-Brookes and Scott Farquhar-led company has posted better than forecast sales figures.
Australia’s biggest private hospital operator Ramsay says its record five-year agreement with HCF will make private healthcare more affordable in the long term.
An influential proxy adviser says ResApp, which has developed a smartphone app to detect Covid-19, should accept Pfizer’s $180m takeover offer.
ExxonMobil claims some of the giant Bass Strait oil and gas structures were designed never to be removed.
Labor senator Deb O’Neill has been dragged into the company and its local car dealers, who she has backed in speeches delivered under parliamentary privilege.
Canada’s Dye & Durham tells competition watchdog it will sell its Australian units in an effort to win approval for its $2.5bn takeover offer for Link.
The chairwoman of B20 Indonesia saays business interests are more than ever pushing against the tide of self-interested actors on the world stage.
The games developer, backed by former ABC boss Michelle Guthrie, will raise $7m and overhaul its board following a ‘very disappointing’ period.
The ASX woes show how dangerous tech overhauls are, which is why there is an in-built bias among Australian businesses to steer clear of such moves.
Everyday Australians are facing the consequences of Ramsay and Bupa’s stalemate, which is about to become political.
GetSwift has filed for bankruptcy in the US, but is making a last-ditch bid to sell off its embattled software business.
Matthew Tripp’s newest racing and sports betting venture will likely launch in time for the biggest races in the Spring Racing Carnival.
It was once the tech darling of the ASX, but liquidators will finally bring to an end the turbulent history of GetSwift in Australia.
Bupa-insured patients may have to pay hundreds of dollars in out-of-pocket costs if they are treated at one of Ramsay’s 72 private hospitals.
As the Reserve Bank issues its latest rate hike, there is a hard truth around the great slowdown that we have to have.
Perth start-up H2EX is tapping into the CSIRO in the race to unearth the holy grail of cheap, clean, naturally occurring “gold” hydrogen in South Australia.
The smart money suggests Entain, under the direction of Australian chief Dean Shannon, will take a run against Tabcorp for wagering licences in WA and Victoria.
Original URL: https://www.theaustralian.com.au/business/companies/page/196