Markets

Telstra boss Vicki Brady has copped a more than $600,000 penalty for an outage in July that left up to 25 million people without phone coverage.

ANZ’s mortgage application values have fallen 12 per cent since the May Budget as the bank plays down its reliance on home lending and competition for new borrowers intensifies.

Solomon Lew’s popular sleepwear brand Peter Alexander will shutter its three stores in the UK after less than two years, becoming the latest Australian retailer to pullout of the tough British market.

CBA has banked a $10.9b profit, but falling mortgage demand, rising arrears and a retreat by property investors point to a tougher year ahead.

The AAMI and GIO owner paid a record $10b-plus in claims but shareholders will still pocket a special dividend as premiums keep climbing.

Southern Cross Media boss Rohan Lund will step up the company’s growth in digital markets after bedding down a merger and restructure in the opening months of 2026.

Ryan Stokes says industrial giant SGH remains on the hunt for takeover deals in the aftermath of a $15 billion Bluescope bid earlier this year.

Westpac says rates and Canberra policy changes are cooling mortgage demand as investor credit growth slows.

Atlassian shares rocketed after revenue jumped 28 per cent and its billionaire founder pledged to buy up to $356m of stock, pushing back against fears AI could gut the software giant.

Coles is set to shift hundreds of jobs offshore after partnering with a consulting and digital management firm to ensure it can ‘meet customers’ growing expectations’.

Australia’s stock market has set a fresh intraday record high, soaring to just shy of 9300 points in the first 30 minutes of the opening bell on Thursday.

Dan Murphy’s owner Endeavour Group has booked a big fall in full-year profit on the back of hefty writedowns associated with Jayne Hrdlicka’s strategy to turn around the business.

THE NEW YORK TIMES: SpaceX employees and early investors can now cash in on millions of dollars in gains from their company stock but end of the lockup comes at a delicate time.

Wall Street’s main indices have opened higher on the first trading day of August as signs of de-escalating tensions in the Middle East dragged down crude price.