Reporting season: All the latest news from companies releasing financial results to the ASX today

KPMG’s chairman-to-be has apologised to a Federal senator for discrediting her account of whistleblower allegations against the consulting giant.

Michael Ebeid, who was appointed subject to partner approval in July, issued the mea culpa in an email to Labor senator Deborah O’Neill on Saturday.

The missive was published on Monday by a parliamentary committee, chaired by Senator O’Neill, probing alleged audit misconduct at the firm.

In it, Mr Ebeid apologises for an internal email he sent in March, in which he described whistleblower allegations against the firm, raised by Senator O’Neill, as false.

“What I wrote was wrong,” he said in the email, under the subject line “Apology”.

“I described statements about the whistleblower’s allegations made by you to the Senate as false. I described the firm’s process as thorough.

“Events since have shown that neither was true, and that the concerns you raised on the whistleblower’s behalf have helped uncover serious wrongdoing and I can only thank you for that.”

Read more here

A consortium including Amazon founder Jeff Bezos is close to agreeing a deal to acquire a stake of about one-third in Premier League club Liverpool, according to multiple media outlets.

The investor group reportedly also includes Facebook co-founder Eduardo Saverin.

Sky News on Monday reported the consortium was led by Amit Bhatia, the son-in-law of steel magnate Lakshmi Mittal and a former shareholder in English second-tier club Queens Park Rangers, and that Liverpool owner Fenway Sports Group could announce a deal as early as this week.

The investment would reportedly value the club at about £4.4 billion ($8.3b), making it one of the largest valuations ever achieved in a football club deal.

FSG, which acquired Liverpool in 2010, has explored outside investment in recent years while retaining control of the club.

Neither Liverpool nor FSG immediately commented on the reports.

Liverpool, who won the Premier League title in 2025, are entering a period of transition after the departure of manager Arne Slot and prolific forward Mohamed Salah.

Michael Edwards, who was widely credited with helping build the squad that won Liverpool’s first English league title in 30 years in 2020, left his role as chief executive officer of football at Fenway Sports Group in July.

National Australia Bank has announced Pete Steel will become group executive for technology and artificial intelligence as chief executive Andrew Irvine reshuffles his senior leadership team.

Steel joined the bank last year and replaces Patrick Wright, who is retiring along with chief operating officer Les Matheson.

NAB will now have one fewer group executives.

As part of the changes, Shane Conway will become group executive for transformation and operations.

“This transition demonstrates deliberate succession as Pete and Shane were strategic additions to our executive team in anticipation of continued evolution,” Irvine said.

“This minimises disruption and allows us to maintain crucial momentum for the business.”

The Reserve Bank’s interest rate decision will be pivotal - for what it means for future rate decisions.

Money markets and economists are in near-unanimous agreement that the Reserve Bank’s monetary policy board will hold the cash rate steady at 4.35 per cent when it wraps up its latest two-day meeting this afternoon.

But rate watchers will get a new set of economic forecasts and Reserve Bank commentary to pore over for signs of where interest rates will go next.

With uncertainty still hanging over the Middle East conflict, house prices and the resilience of Australian households, Morgan Stanley’s Australian chief economist Chris Read expects a hawkish tone from the board statement and governor Michele Bullock’s press conference.

“The governor is likely to emphasise the persistence of above-target inflation and the risk it poses to inflation expectations, although the softer domestic demand outlook should temper that message somewhat,” he and his colleagues wrote in a research note.

Read more here

Macmahon has snared a $406.2 million contract at New Zealand’s Snowy River gold mine.

The underground mining work for Endura Mining subsidiary Tasman Mining is near Reefton on the South Island and is set to turn out first gold in December.

Macmahon will transition the underground operations to deliver underground mining services, including mine development, production and backfill operations.

The five-year contract, which will start in October 2026, marks Macmahon’s return to mining in New Zealand.

Endura was foundeed by former Evolution Mining executive chair Jake Klein.

Macmahon MD Michael Finnigan said Snowy River was a high-grade project that’s set to become one of New Zealand’s largest gold operations.

“Our long-term contract highlights Macmahon’s underground mining capabilities and establishes the company as a key partner to advance the project towards production,” Finnigan said.

“The Snowy River project combines Macmahon’s technical and mining expertise with Endura’s vision for the asset.”

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.

The SGH chief executive also warned east coast manufacturers against “cheap shots” about gas pricing but was confident there would be a “constructive pathway” forward on the Federal Government’s hotly-debated proposal for a reservation scheme.

ASX-listed SGH posted a statutory profit of $655 million in the year to June, up more than 30 per cent on the 2025 financial year.

That was particularly driven by rising earnings at construction materials company Boral, which were up 14 per cent.

Mr Stokes signalled his interest in steel-maker Bluescope remains after the $15b February takeover proposal was knocked back, adding that SGH would run the ruler over other industrial businesses.

Read more here

The Nasdaq and S&P 500 closed lower in the US overnight, with declines in Intel and other chipmakers, as investors became less confident about a deal to reopen the Strait of Hormuz.

US President Donald Trump demanded that Iran pay compensation for the people he said it had killed in wars, attacks and protests.

Earlier, Iran called for Washington to meet conditions, including recompensing Tehran for the damage caused since the US and Israel launched strikes on its territory more than five months ago.

With investors less optimistic about a resolution of the Middle East crisis, US crude oil jumped about 5.0 per cent to settle at $US82.13 a barrel.

Reopening the flow of oil through the Strait could mitigate concerns over heightened energy prices that have spurred inflation worries and led to concerns that central banks would have to raise interest rates.

Read the full report ..

In case you missed all the action from yesterday’s reports, we’ve got you covered.

Here’s what happened ...