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

Premier Investments is drawing the curtains on Peter Alexander’s UK misadventure, marking a rare retail stumble for Aussie retail king Solomon Lew.

Blame for the withdrawal has been pinned on the UK’s deteriorating economy.

The three bricks-and-mortar Peter Alexander sleepwear stores in Bluewater, Stratford and White City will continue to serve customers through an online presence only.

In only a brief statement as part of a portfolio trading update issued this morning, Premier said the board’s decision followed “sustained difficult trading conditions” and had “regard to the continued negative outlook for the United Kingdom economy”.

“Peter Alexander is also actively exploring international wholesale opportunities with global best-in-class wholesale partners, leveraging Premier Retail’s existing expertise in this channel,” it said.

The sleepwear brand has been a bright light for Premier in Australia - where its recently launched loyalty program has continued to exceed expectations - but failed to gain traction in the crowded UK market after opening its doors there in late 2024.

Premier also revealed its unaudited sales for FY26 were likely to come in at $795.5 million, down 2 per cent on the previous year.

It also trimmed earnings expectations from $183m forecast in March to $176m.

Lew said discretionary retail conditions in the second half of FY26 had been very challenging, in particular during the latter months.

KPMG Australia’s general counsel Louise Capon and human resources chief Dorothy Hisgrove are leaving the firm, the latest senior staffers to depart.

Capon and Hisgrove finalised their exits with the KPMG board on Tuesday, according tomedia reports. Both were part of the firm’s response to a whistleblower’s allegations of misconduct in its audit division.

A KPMG spokesperson confirmed the executives’ departures.

Documents released by a parliamentary committee on Monday suggested KPMG provided the law firm Ashurst with an incomplete picture of allegations raised by the whistleblower.

The saga has triggered a sweeping leadership shake-up at KPMG Australia. Former chairman Martin Sheppard and a slew of other executives have left the firm amid a broader restructuring following the whistleblower’s allegations that confidential client information was used to help secure business.

KPMG appointed John Sams as chief executive of its Australian unit last month.

The exits come as KPMG prepares to face another parliamentary hearing into the scandal on Friday.

The session, following one in June, will seek to examine the way the firm treated the whistleblower and KPMG’s response to the allegations.

Bloomberg

Just 24 hours after booking a $140 million job at a New Zealand gold mine, Macmahon has revealed it has been selected by Medallion Metals as the preferred underground mining contractor for the Ravensthorpe gold project.

The $240m contract will run for an initial term of three years, with work set to start in December.

The scope of the works includes portal establishment, underground development, production and ancillary works.

Centred on the Kundip mining centre, Medallion said ongoing exploration and development would continue to increase ounces, expand production and extend mine life.

Macmahon boss Michael Finnegan said development of Ravensthorpe represented an exciting opportunity not only for Medallion and Macmahon, but also for the local communities that will support the project.

“We look forward to building strong local relationships, creating employment and development opportunities, and making a positive contribution to the region over the life of the project and beyond,” he said.

Macmahon is due to report its full-year results next Tuesday.

Australia’s economy remains resilient but growth is slowing as higher interest rates and inflation continue to pressure household budgets, the nation’s biggest bank says, after delivering a massive annual profit.

Commonwealth Bank has reported a statutory full-year net profit of $10.9 billion, up 7 per cent from the previous year, on a 7 per cent boost in revenue to $30.2b.

Cash net profit - its preferred measure of profitability - came in at $11b, also up 7 per cent, and ahead of market expectations.

“The Australian economy has remained resilient, supported by historically low unemployment and longer-term investment,” chief executive Matt Comyn said this morning.

“However, growth is slowing, with higher interest rates and inflation placing uneven pressure on household incomes and economic activity.”

Mr Comyn noted that housing activity has softened from a “high base”, after Federal Government policy changes weighed on the property market.

But the bank’s loan application numbers appear to have stabilised in recent weeks, he added.

On Monday, Westpac revealed its mortgage applications had fallen 20 per cent since the May Budget, while NAB indicated late last month that its home loan applications were down 15 per cent in the June quarter.

CBA grew at or above system - which refers to the average banking sector performance - in each of its five core domestic product categories in the full year - home lending, business lending, consumer finance, household deposits and business deposits.

“It is the first time CBA has achieved this and the first time any major Australian bank has done so in the past 15 years,” Mr Comyn said.

“We remain the main financial institution for one in three Australian and one in four Australian businesses.”

CBA reported a net interest margin - which reflects the earnings it makes on its lending business - of 2.05 per cent, which was down three basis points on 2024/25 although it was two points higher from the first half of 2025/26.

The bank declared a final dividend of $2.70, taking the total for the year ending June 30 to $5.05, which was a four per cent improvement on the prior year.

Wall Street has ended lower, with Amazon and Alphabet dipping as investors became more pessimistic about a potential deal to bring stability to the Middle East.

The Strait of Hormuz will remain closed as long as the US does not change its behaviour and accept Iran’s conditions to end the war, the newly appointed secretary of Iran’s Supreme National Security Council said.

Brent crude futures held near one-week highs in choppy trading while the S&P 500 energy sector index climbed 1.1 per cent.

“As has been the case for months, it’s just really hard to come to an agreement that works for everyone. Oil is a little higher, pricing in more uncertainty around that,” said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky.

“The market has obviously gyrated around this conflict at times but it hasn’t been the big headwind that a lot of people imagined it might be.”

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