Companies

Pfizer is ready to move on from COVID. 
Business
CNBC

Pfizer is betting on cancer drugs to turn business around

Pfizer is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its COVID business.

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Optus has been slapped with a $1.5 million fine by the communications watchdog.
Business
Andrew Brown

Optus fined $1.5 million for 'alarming' safety breach

The communications watchdog has fined Optus $1.5 million for not meeting obligations to an emergency services database.

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Harvey Norman has beat analyst earnings expectations, despite a significant drop in sales.
Business
Jacob Shteyman

Retail slump hits Harvey Norman pushing sales, dividends down

Ongoing macroeconomic headwinds have buffeted Harvey Norman's profits but the retailer insists its property portfolio keeps its balance sheet in good health.

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Woolworths has announced it will cut prices across departments over the next three months.
Business
Adrian Lowe

It’s on. Woolies fires salvo in supermarket price wars

The supermarket giant says it is working to help customers spend less when they shop, cutting prices across departments over the next three months.

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APM says the proposal is conditional on founder and executive chair Megan Wynne and CEO Michael Anghie taking up shares.
Business
Sean Smith

CVC lobs revised $2-a-share bid for beleaguered APM

The giant private equity group’s initial offer of $1.60 was rejected two weeks ago, with the latest bid coming amid a massive drop in interim profit and the scrapping of its dividend.

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Woodside handed down a lower full-year profit.
Business
Sean Smith

Woodside ‘in no rush’ for deals after failed Santos talks

Chief executive Meg O’Neill says there’s enough firepower in the oil and gas group’s portfolio, which includes the Scarborough project in north-west WA.

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It’s a perfect storm for insurance customers.
Business
Adrian Lowe

Insurance customers are getting whacked. Here’s why

Suncorp has posted a whopping 16.3 per cent increase in its insurance premiums in the past six months. They are just the latest to announce double-digit increases.

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Sam Altman could be in a position to make millions.
Business
CNBC

Why Open AI boss Altman could make a killing from Reddit

Thanks to a series of bets on the online discussion board company, Sam Altman could make millions.

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Endeavour Group CEO Steve Donohue.
Business
Adrian Lowe

Liquor giant feels the squeeze as sales stay flat

Liquor sales at major retailers Dan Murphy’s and BWS have been largely flat so far this year, parent company Endeavour Group says, as customers feel the squeeze on their hip pocket.

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A key theme has emerged as the dust settles from a clustered rush of miners to table their results.
Business
Adrian Rauso

It’s hip to be a square investor as 2024 blesses the boring

Investors who resisted the temptation to expose themselves to the miners in vogue this time last year have been richly rewarded.

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The reckoning of Woolworths and Coles has only just begun.
Business
Adrian Lowe

The reckoning of Woolworths and Coles has only just begun

Woolworths and Coles have rarely faced such intense scrutiny as they have recently, but the heat is only going to be dialled up further as the year unfolds.

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Investors are keeping an eye on results from chip designer Nvidia.
Business
CNBC

Nvidia posts record revenue up 265% on booming AI business

Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and sales, and said that revenue during the current quarter would be better than expected.

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Qantas chief executive Vanessa Hudson raked in a $1.2 billion profit.
Business
Gerard Cockburn

Why Qantas profits haven’t soared quite so high this year

The national carrier’s half-year profit fell 13 per cent year-on-year despite total flying increasing by 25 per cent.

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Demand for fruit and vegetables and meat were up due to lower prices and greater availability.
Business
Adrian Lowe

Sales jump for Woolworths but Big W lets the team down

Woolworths expects customers to remain cautious amid cost-of-living pressures even as inflation moderates and prices decline, with shoppers giving its discount department store the cold shoulder.

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Woolworths boss Brad Banducci has stepped down.
Business
Adrian Lowe

Interview & Oz Day fails. But is that why Woolies boss quit?

Woolworths boss Brad Banducci has stepped down in the wake of a train wreck television interview during which he attempted to walk out. 

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