‘Dividend deluge’ amid cost-of-living crisis
As Australia’s biggest companies do all they can to cut costs, the corporate juggernauts are pulling back profits to pay shareholders.
Breaking News
Holy flight for rescue service
LifeFlight has saved hundreds of Queenslanders over the years, but the aeromedical service revealed it was on a mission for one of the most famous men in the world this week.
Nation to miss 2030 energy targets, says Transgrid boss
Renewable energy will generate 82 per cent of Australia’s power by 2031 or 2032 which is a year or two later than targeted, Transgrid chief Brett Redman says.
‘This is going to hurt!’ Why can’t Dr Jim say these words?
RBA governor Michele Bullock suggests some highly-geared borrowers might have to sell their homes but you won’t hear Jim Chalmers utter the same warning, even though it’s good advice.
Mark Bouris joins hydrogen play as it eyes IPO
United H2 Limited, which develops and commercialises hydrogen-related companies, has lured Mark Bouris to its board as it targets an ASX listing.
Up to $50m fines for scam apathy shouldn’t be necessary: AFCA
Banks and telcos shouldn’t need today’s announced legislation of up to $50m in fines to enforce scam protection and should take a proactive position, AFCA chief David Locke says.
Melbourne’s new runway: airport pledges to listen on noise issues
Melbourne Airport says it is determined not to repeat the mistakes of Brisbane Airport after getting the green light for a new runway.
The Australian tech firm kicking goals at 1000 sports venues
PMY founder Paul Yeomans has quietly built one of Australia’s most influential sports technology firms. Now it is targeting countries like Saudi Arabia.
‘Trillion dollar’ mining plans grind to a halt
Former bankrupt David Catsoulis was for years promising shareholders outlandish returns. Now both of his mining companies are in liquidation.
Tough times ahead, IGA owner Metcash tells investors
Grocery, liquor and hardware wholesaler Metcash’s supermarkets posted relatively strong sales growth since July, although the pace was below some analyst expectations.
Share tips: a mixed diagnosis for health care stocks
Stockmarket specialists share their latest buy, hold and sell tips for investors, with a focus on health care companies.
Webjet consumer arm not a ‘black sheep’ ahead of vote
As shareholders prepare to vote whether to demerge the Webjet, market watchers say its consumer-facing business is not the black sheep that some believe.
‘Father of Aussie biotech’ Leon Serry dies
The investor and philanthropist founded Circadian Technologies and kickstarted the Australian biotech investment industry.
‘Biggest upgrade ever’: Inside Apple’s big AI bet
The tech titan wasn’t the first to market with personal computing or smartphones. But after sitting out the artificial intelligence boom for two years, does it still have its lustre?
The Star risks licence loss as regulator issues show cause notice
The New South Wales Independent Casino Commission has handed a show cause notice to the troubled casino group.
Jayne Hrdlicka on life after Virgin Australia
The chief executive has revealed her plans once she leaves the airline, with the expectation she will exit by year’s end.
NBN Co paid ex-boss Rue $1.4m during gardening leave
The government-owned telco paid former CEO Stephen Rue more than $1.4m after he resigned to helm Optus – a gardening leave salary more than double what the PM earns in a year.
The world’s best airline loyalty programs revealed and where Qantas Frequent Flyer ranked
Travel tech company PointMe has conducted the first independent analysis of more than 60 airline loyalty programs … and the news isn’t great for loyal Qantas customers.
Capitals lead the way in spring selling
The nation’s largest capitals have seen a rise in listings which could ease the pressure on prices for hard-pressed buyers.
Sneesby had to go: Top Nine investor backs exit
Martin Currie chief investment officer Reece Birtles says that given the multiple challenges facing Mike Sneesby, his departure from Nine was not altogether a shock.
Queen’s Wharf scores early business meeting win
The new $3.6bn Queen’s Wharf precinct has scored an early coup in attracting some high-profile business events with the popular QUT Business Leaders’ Forum upping stumps from the Hilton.
Ex-Qantas boss Joyce lands another $3.4m
Qantas’s annual report has revealed former CEO Alan Joyce is still earning millions from the job he left more than a year ago.
At Nine, culture eats CEOs for breakfast
Mike Sneesby’s exit has all the hallmarks of one of Nine’s semi-regular management coups. This time it was the board calling the shots.
Coal mine to axe 200 over failure to secure Eraring supply deal
NSW producer Centennial Coal is axing 200 jobs at its Mandalong mine after failing to win a new supply deal with Origin for its Eraring coal-fired power station.
Brickworks lays the foundation for weighty results writedown
Australia’s biggest brickmaker confirmed to the market that it would recognise a $123.5m post-tax impairment in its annual results.
Inside Apple’s biggest product launch
The tech behemoth’s is making up for lost ground in the AI race with its new iPhone 16, Apple Watch and AirPods. Here’s what you need to know.
Apple cuts the price of new iPhones
Amid a war of words between RBA governor Michele Bullock and Jim Chalmers over inflation, Apple has shaved up to $100 off the price of its iPhones.
‘Kimchi Street’ in Melbourne gets official Koreatown status
Did someone say Buldak ramen or Korean fried chicken? Fulfil your cravings in this thriving community of more than 25 Korean stores and restaurants in Melbourne.
Global Lithium Resources board stoush heats up
Global Lithium Resources has spilled its own board and proposed a new director, getting ahead of a tilt by a Perth property developer to install himself as a director.
State’s bold plan for housing crisis
One state government is eyeing a bold new idea as it desperately tries to get more houses built.
Green boom fuels shortage of tradies
The energy transition is leaving many renewable projects struggling to source electricians – and industry figures say urgent action is needed to prevent more setbacks.
Brizzie firm powering the world wins major export gong
Brisbane-based NOJA Power has won Queensland Exporter of the Year after building a billion-dollar business shipping electrical equipment to the world.
International payments app gets expanded Aussie licence
London-based international payments app Wise will expand its services to its more than one million Australian customers after being granted an Australian Financial Services Licence.
One-time garage-based enterprise raises $165m
One of Australia’s most successful start-ups founded in a Townsville garage in 2004 has raised $165m as part of a major round led by AirTree Ventures.
How Miller will make Westpac a business force again
A former Goldman Sachs banker wants to pull Westpac out of its self-imposed wilderness. Is the banking major ready for change?
Cattle ‘baron’ wife implicated in insolvent trading collapse
The wife of failed cattle baron Sam Mitchell has become embroiled in the mire of the multimillion-dollar financial collapse, exposing her to the potential of legal sanctions.
Westpac’s new CEO is ‘fiercely competitive’, and you don’t want to cross him
The banking major’s incoming boss Anthony Miller is prone to telling colleagues he is the underachiever of his family, given two of his siblings represented Australia at the Olympics. He’ll certainly have to revise his talking points.
New Westpac boss bets on tech, business boost
Wealth and business banking boss Anthony Miller will continue Westpac’s technology and risk transition plans when he takes over the top job from Peter King in December.
Stockland in sale talks to win approval for $1.3bn housing deal
Stockland has confirmed it is in talks with the ACCC over plans to sell an Illawarra housing project as it seeks approval for its $1.3bn purchase of Lendlease’s housing estates business.
FWO seeks $10,000 compo for worker over ‘scabs’ protest
Non-union members were allegedly subjected to throat-slashing gestures during 2017 protests sparked by an industrial dispute with the Mining and Energy Union, a court has heard.
Solomon Lew sacks Smiggle boss, citing misconduct
Billionaire Solomon Lew’s retail conglomerate Premier Investments has sacked its longtime boss of its kids stationery brand Smiggle, citing misconduct, as the group also reports slowing sales and earnings.
How TechnologyOne’s share price has tripled
CEO Ed Chung says being faster at implementing software than the big consulting firms has benefited both customers and investors.
Qantas hits back over calls to divest Jetstar
Qantas has rejected calls by Nationals Senator Bridget McKenzie for the government to have the power to force the airline to sell low fares partner Jetstar.
Billionaire makes listed property play for office fund
Paul Lederer’s move shows that private capital is willing to bet that the beaten down sector will stage a comeback.
Adelaide affordable housing project breaking new ground
A new eight-storey affordable housing project in Adelaide’s inner north is turning heads for an Australian-first feature set to reshape the building industry.
Does a dodgy Aussie economy really hurt your personal finances?
Recession vibes remain, and people are in financial pain, but GDP growth may not be the villain. Here’s why some people are sailing through the turbulence.
BMW, Toyota zero in on EVs
The up-market German marque is adamant that EVs represent the future – with hydrogen playing a crucial role – as Volvo retreats on its plan to make only EVs by 2030.
Cash-crunched Star poaches another Crown executive
The troubled casino group has tapped another former executive from rival Crown Resorts as it attempts to rebuild amid a continuing crash crunch.
AirTrunk founder’s simple secret: positivity
After sealing one of Australia’s biggest takeovers, Robin Khuda says while there are many keys to success, there is one that, to him, stands out beyond all measure.
Jilted green developer takes ministerial decision to court
Flotation Energy has launched legal action against a decision by federal Energy Minister Chris Bowen to turn it down for a feasibility licence to develop wind-powered generators off Victoria.
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