Earnings season
Updated
Domino's Pizza
Domino’s to ditch underperforming stores as sales sag
Between 65 and 70 corporate-owned stores will close, along with the company’s 27 Danish stores.
- by Millie Muroi
Latest
Analysis
Big four
Major banks prepare for financial stress and bad debts
An expected increase in bad debts is one of the key risks on the radar for bank investors.
- by Clancy Yeates
CBA ditches mortgage cashbacks as competition hits profits
Commonwealth Bank chief executive Matt Comyn says the bank is striking a balance between chasing growth and preserving shareholder returns.
- by Clancy Yeates
Westpac steps back from mortgage war to shield returns
Westpac boss Peter King says the bank is prepared to sit out the fierce competition in home loans and focus more on business lending.
- by Clancy Yeates
Updated
Shemara Wikramanayake
Bumper Macquarie result sparks $57.6m payday for executive Nick O’Kane
The hefty pay packet comes after the division led by O’Kane drove the wider group’s full-year earnings 10 per cent higher to $5.2 billion.
- by Clancy Yeates
Updated
ANZ Bank
ANZ chief doubles down as mortgage war escalates
Shayne Elliott says that while some rivals are walking away from the home loans business, ANZ will not step back from a mortgage market that is the most competitive he has seen.
- by Clancy Yeates
Updated
National Australia Bank
NAB chief says interest rates near peak; shares plunge on $4.1b profit
NAB boss Ross McEwan has declared that interest rates are close to their peak, house prices have bottomed, and mortgaged households need a period of stability.
- by Clancy Yeates
Interest rate surge to boost big bank profits past $16b
While United States regulators are working to head off further instability in the US regional banking sector, analysts expect Australia’s big banks to post bumper half-year profits.
- by Clancy Yeates
Interest rates stress on the rise, warns BOQ chief
Bank of Queensland chief executive Patrick Allaway says more customers will face financial stress as interest rate rises hit the economy.
- by Clancy Yeates
Kathmandu, Rip Curl sales boosted by travellers, firming plans for global expansion
Globetrotting holidaymakers are fuelling strong sales momentum, with the group’s boss bullish on bricks-and-mortar expansion plans despite economic uncertainty.
- by Emma Koehn
Updated
Consumer spending
Shoppers buy up make-up, perfume as Myer chases $1 billion in online sales
The department store says it will further improve its online delivery service with its new distribution centre.
- by Emma Koehn