Markets

Michelle Kruger is stepping back from leadership of the flagship shipbuilding business ahead of retiring on June 1, leaving it to be run by its chief operating officer.

WA iron ore no longer makes up the lion’s share of BHP’s earnings and boss Mike Henry ‘fears’ an ‘explosion’ of union activity will stifle long-term investment in the business unit.

JB Hi-Fi customers have cast aside higher cost-of-living pressures to splurge on the latest gadgets, helping the electronics and appliance behemoth post record sales and better-than-expected profit.

Shares in shipbuilder Austal have been scuttled in the opening minutes of trade on Friday following reports of an embarrassing accounting blunder that looks set to sink its full-year profit result.

The lender said its profits grew as costs fell but revenues largely flat.

An accelerating crash in tech stocks was disguised by record highs for ANZ Bank, alongside miners BHP and Rio Tinto on Thursday.

ANZ Bank’s CEO said his transformation plan is on track and touted its first quarter results as proof on Thursday morning.

Australia’s central bank chief Michele Bullock tried to shut down questioning at a tense Senate committee appearance where a Liberal senator likened her to a social media influencer.

Evolution Mining stock was on a tear after doubling half-year net profit to $767 million and adding an extra 13¢ to shareholder spoils, setting the scene for another bumper season for gold miners.

AGL Energy will slice off its fledgling telco arm in a $115 million deal that will give the power company an equity stake in Aussie Broadband.

Struggling pizza giant Domino’s has tapped former McDonald’s Australia and New Zealand boss Andrew Gregory to take on the top job afterMarkvanDyck’s abrupt exit.

SGH generated strong cash flow growth to start the 2026 financial year, giving the conglomerate renewed hunger for acquisitions and internal expansion opportunities.