Earnings season
Updated
News Corp
Revenue slides as Murdoch’s News Corp eyes AI opportunities
Rupert Murdoch’s News Corporation has reported a drop in revenue, but plans to take advantage of advances in generative AI.
- by Calum Jaspan
Latest
AMP to cut costs, keep capital ahead of legal verdict
Alexis George, who has led the simplification of AMP since 2021, said she would pause its capital return plan given uncertainty around legal matters.
- by Millie Muroi
Construction giant flags further price rises amid housing squeeze
Boral chief Vik Bansal reiterated expectations that cost pressures would linger for 12 to 18 months, but price rises wouldn’t be as steep as last financial year.
- by Jessica Yun
Updated
AGL Energy
AGL’s $10b shift from coal to clean power ‘on target’
The power giant has swung to a heavy loss after a chaotic 12 months for the east-coast energy market, but flags better times ahead as electricity prices rise.
- by Nick Toscano
Updated
Commonwealth Bank
Investors wary on CBA margins after record $10.2b profit
The country’s largest bank posted a record profit, but investors said the bank’s margins could be squeezed by stiff mortgage competition in the coming months.
- by Millie Muroi
CBA defends profits amid signs of increasing financial stress
The country’s biggest bank said it was important for banks to be generating profits so they could support the economy through a period of economic weakness.
- by Millie Muroi
Suncorp flags more premium hikes as reinsurance costs bite
The insurer says premiums for car and home insurance have been increasing at double-digit rates, and prices will continue to rise.
- by Clancy Yeates
Opinion
For subscribers
What keeps CBA’s boss awake at night? It isn’t stressed borrowers
Any board that ticks off a share buyback and a higher dividend payout ratio is sending a message that it is not concerned about the strength of its franchise.
- by Elizabeth Knight
Earnings pain on the menu as rate rises bite
Profit growth is tipped to slow and CEO commentary to be cautious as companies get ready to deliver their annual results. But experts say it’s more of a slowdown than a cliff.
- by Clancy Yeates
Harvey Norman’s earnings slump signals start of a retail retreat
A 25 per cent profit decline at electronics giant Harvey Norman could be the tip of the iceberg for consumer spending woes in a tough year ahead.
- by Emma Koehn
Hard landing: Rex shares plummet as the airline braces for another loss
The domestic carrier has backflipped on its optimistic forecast for the year due to a slump in corporate travel, supply chain issues and a pilot shortage.
- by Amelia McGuire