NewsBite

Earnings season

Advertisement
Clothing was trapped in a bungled Myer warehouse roll-out that has eaten a $xx out of Myer’s half-year profits.

Robot warehouse logistics bungle hits Myer sales, profits

Myer’s new automated warehouse, which has already been delayed two years, suffered implementation issues that continue to plague the department store.

  • Jessica Yun

Latest

Vanessa Hudson, chief executive officer of Qantas, speaking during a news conference at the company’s hangar in Tullamarine.

‘Like new’: Qantas announces major upgrade along with $1.4b profit

The airline will pay shareholders its first dividend in six years after revealing a solid half-year profit on the back of robust travel demand.

  • Chris Zappone
Coles is working with consultant Bain to cut back its range by at least a double-digit percentage to drive margins higher.

Coles cashes in as it steps up value campaigns, picks up sales from Woolies

The nation’s second-biggest supermarket chain benefited from the troubles of its larger rival Woolworths, which saw its earnings plunge after a 17-day worker strike left shelves bare.

  • Jessica Yun
WiseTech Global’s founder Richard White.

Corporate cop eyes WiseTech as billionaire White retakes control

ASIC says it is making preliminary inquiries into WiseTech after a boardroom implosion and allegations against founder Richard White.

  • Kate McClymont and Colin Kruger
Bare shelves in a Melbourne Woolworths in late November.

Woolworths to slash jobs, product ranges in $400m cost-saving drive

The nation’s biggest supermarket chain has suffered a $190 million earnings slump in the latest half after a two-week strike stripped shelves late last year.

  • Jessica Yun
Woodside CEO Meg O’Neill at Karratha Gas Plant.

Gas giant Woodside fumes over six-year wait for huge extension permit

Australia’s biggest gas producer has hit out at federal permit delays, warning red tape will drive out future investment in critical energy supplies.

  • Nick Toscano
Advertisement
Nine Entertainment has shut down many parts of its company network to prevent the attack spreading.

Nine reports advertising, subscriptions growth as it mulls Domain offer

Ad spend is growing at the Nine Network, but the highlight is the strong jump in subscriptions to this masthead and Stan.

  • Colin Kruger
Prime Minister Anthony Albanese at BlueScope Steelworks in Port Kembla, NSW this month.

Double threat: Trump and China hover over $10b Australian giant

Australia’s largest steelmaker is feeling the heat from US steel tariffs, a glut from China and the collapse of Whyalla Steelworks, so why are its shares soaring?

  • Colin Kruger
Despite Kmart profits rising, spurred by growth in its private label Anko products, uncertainty over interest rate cuts could bring gloom on the horizon for the big retailer.

‘We’re not out of the woods yet’: Kmart owner says rate cut not enough to entice shoppers

Although consumers continue to flock to Kmart in search of better deals, Wesfarmers’ CEO remains cautious.

  • Cindy Yin
Telstra generic pics. 20th June 2018 The Age Fairfaxmedia News Picture by JOE ARMAO

Telstra shares surge higher amid bumper dividend, profit

The telco lifted its first-half profit and dividend while chief executive Vicki Brady also announced a $750 million share buyback plan.

  • David Swan

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