Companies

The reckoning of Woolworths and Coles has only just begun.

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.

Updated
Read more (5 min) →
Investors are keeping an eye on results from chip designer Nvidia.

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.

Updated
Read more (2 min) →
Qantas chief executive Vanessa Hudson raked in a $1.2 billion profit.

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.

Updated
Read more (1 min) →

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.
Demand for fruit and vegetables and meat were up due to lower prices and greater availability.

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.

Updated
Read more (2 min) →
Woolworths boss Brad Banducci has stepped down.

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. 

Updated
Read more (3 min) →
Matt Comyn, chief executive officer of Commonwealth Bank of Australia, says downside risks are building as slowing demand and persistent inflation impact Australian businesses.

CBA profit on the slide as risks mount in economy

CBA chief Matt Comyn says risks are mounting in the economy after profit at the country’s largest lender topped expectations even as it continues to battle strong competition in the mortgage market. 

Updated
Read more (1 min) →
Chris and Bec Judd at Bird In Hand Winery.

Bec and Chris Judd lose big as mining investment goes bust

AFL great Chris Judd is set to have his wings clipped to the tune of hundreds of thousands of dollars after a WA-based miner went belly up.

Updated
Read more (2 min) →
Seven West Media chief executive James Warburton (left, with Seven West Media Chairman Kerry Stokes.

No.1 network Seven West Media eyes digital future

Chief executive James Warburton expects new TV audience metrics will deliver fresh opportunity to significantly grow digital earnings as it remains the nation’s top network in audience and revenue share.

Updated
Read more (2 min) →
Beach Energy’s new boss Brett Woods.

New Beach Energy boss promises to ‘liven things up’

The gas producer’s new chief executive Brett Woods wants to cut costs while promising to examine any opportunity to add value.

Updated
Read more (2 min) →
Train drivers on BHP’s huge Pilbara iron ore network are set to strike on Friday.

BHP rail strike threatens billion-dollar iron ore network

About 300 million tonnes of the steel-making commodity are moved on the rail lines each year — a key supply link for a division.

Updated
Read more (1 min) →
JB Hi-Fi shares rose five per cent in early trading.

JB Hifi’s profit has fallen. But not as far as expected

JB Hi-Fi shares rose five per cent in early trading after the consumer electronics retailer announced its net profit dropped 20 per cent in the first half.

Updated
Read more (1 min) →
Woodside only pursues transactions that provide value for shareholders, CEO Meg O'Neill says. (Lukas Coch/AAP PHOTOS)

Merger talks between Woodside and Santos collapse

Woodside has ended discussions with Santos on a potential merger between Australia's top two oil and gas companies.

Updated
Read more (1 min) →
Department store Myer has contended with inflationary pressures.

Myer issues profit warning as shoppers spend less

Department store Myer has contended with inflationary pressures and greater promotional activities by other retailers, which will impact first-half profits.

Updated
Read more (1 min) →
Netflix reported its earnings on Tuesday, January 23, 2024.

Netflix can chill: Password crackdown bolsters profit

Netflix has topped Wall Street’s revenue expectations after it added millions of subscribers in the fourth quarter.

Updated
Read more (3 min) →
Jarrod Carluccio of the Glory.

Jobs slashed at A-Leagues governing body amid restructure

The Australian Professional Leagues - the governing body which runs the A-Leagues - has culled close to half of its staff as part of a major restructuring.

Updated
Read more (3 min) →