News

Nvidia hails AI boom’s ‘tipping point’

The local share market finished basically unchanged, as Fortescue, Qantas, Medibank Private, Tabcorp, Lovisa, Nine Entertainment and others reported earnings.

Woolies CEO checks out

The ASX market has finished down 0.7 per cent as Woolworths plunged 6.6 per cent to a more than one-year low, while CSR soared on takeover speculation.

Suncorp, ANZ deal to go ahead

The local share market has finished 0.1 per cent lower as BHP, Sonic Healthcare, Sims, Humm Group and others reported first-half earnings.

Police have arrested climate activists allegedly blocking a road during a protest outside Woodside Energy's Perth headquarters, the Disrupt Burrup Hub says.

‘A mess’: Lendlease slammed for huge profit miss

The local stock market has finished up 0.1 per cent, as gains for BHP, Rio Tinto, Fortescue and the banks outweighed a big fall for Lendlease stock.

Conditions are finally turning after a bumper few years for the labour market, with some fields to be hit harder than others.

Nickel tax credit plan for miners

The ASX200 has finished up 0.7 per cent after a big fall in US retail sales revived talk of midyear rate cuts.

Welding technology company K-TIG has confirmed it will not proceed with the acquisition of UK-based advance manufacturing company Graham Engineering, citing multiple factors.

US stocks have closed buoyed by hopes that a large fall in retail sales data may point to an earlier cut to interest rates.

BHP hit in $5.4b nickel wipeout

The ASX200 has finished 0.8 per cent higher with Altium soaring on a takeover deal and Wesfarmers and Goodman Group also rising sharply.

Australia's jobless rate has lifted to 4.1 per cent in January, the first time the unemployment rate had been above four per cent in two years.

RBA might not cut until 2025: CBA

The local share market finished 0.7 per cent lower and the Australian dollar hit a three-month low following sticky US inflation figures.

The Fremantle Dockers posted a $1.64m operating profit for the 2023 financial year, down from $2.43 million in 2022, following its annual royalty payment to the West Australian Football Commission.

Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, in a result one analyst branded as "lukewarm."

Macquarie ramps up war on big four with business lending assault

Aurum Resources has appointed Yaya Ouattara as its new exploration manager in Côte d’Ivoire, as the company's planned exploration activities begin to intensify.

The local bourse has closed 0.15 per cent lower, with gains by the retail banks outweighed by losses from Macquarie, James Hardie, CSL and Seek.

No scrutiny of workplace laws

The Australian share market has finished down 0.4 per cent in large part because of a failed heart attack drug that CSL spent nearly $1 billion developing.

Nutrien Ag Solutions is assessing the damage of the massive blaze that ripped through its bulk fertiliser site in Kwinana on Friday, of which a cause is still unknown.

Shares in Australian home entertainment provider JB Hi-Fi hit a record mark on Monday, despite the company announcing its total sales and profit took hits throughout the first half of the 2024 financial year.

Employers who say giving workers the right to switch off after hours will diminish flexible work arrangements are "scaremongering", a union boss says.

Security risk from Defence project delays

The share price of several Australian uranium companies fell on Friday, following a production update from Canada's leading entity, Cameco.

A panel of business leaders has weighed in on how to tackle the major challenges facing Western Australia, including labour shortages and artificial intelligence.