Business

A punishing run of storms, floods and hail knocked a big hole in Suncorp’s annual profit even as the insurance giant made more money from its core insurance business.
Business
Ryan Johnson

Suncorp profit cops hammering from $2b weather bill

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

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Companies

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Wesfarmers and SQM's Mt Holland lithium venture.

Wesfarmers green lights $1.4b WA lithium expansion

Business
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The supermarket giant is hiking the price of a household staple as its suppliers face ongoing fuel-related supply chain and operational cost pressures.

Coles to charge more for item bought by almost every shopper

Companies
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NAB is the latest bank to confirm it is joining the cull, after ANZ revealed it was slashing 3500 jobs and 1000 contractors.

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Companies
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Consumers are being urged to shop around for the best grocery deals, though Australia’s third-largest supermarket offers the greatest overall value.

Cheapest supermarket and average shop totals revealed

Australia
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Markets

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Peter Alexander entered the UK market in late 2024, with two stores in London and one in Kent.

Lew’s Peter Alexander calls it quits on UK pyjama party

Business
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The nation’s biggest bank has reported a statutory full-year net profit of $10.9 billion.

CBA hardship cases, arrears on rise as house prices tumble

Business
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A punishing run of storms, floods and hail knocked a big hole in Suncorp’s annual profit even as the insurance giant made more money from its core insurance business.

Suncorp profit cops hammering from $2b weather bill

Business
2 Min Read
Stick with us throughout the day as we bring you all the latest news from reporting season.

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The strong annual result concealed a sudden fall and recovery late in the financial year.

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Business
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Housing prices falling in Melbourne and Sydney The Nightly

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Australia
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What are the medical reasons that would allow you to access superannuation early? How do you do it? And is it worth the tax whack you’ll cop?

Is your dodgy knee worth the tax hit to access super early?

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Financial expert Rachel Cole has cautioned against panic selling investment properties as housing tax changes loom.

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Mining

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Joe Hockey says Jim Chalmers’ May Budget was ‘the worst in history’.

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The Iron Bridge magnetite project has been plagued with issues even before it started production.

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A MinRes truck on the upgraded Onslow Iron haul road.

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Wesfarmers and SQM's Mt Holland lithium venture.

Wesfarmers green lights $1.4b WA lithium expansion

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Energy

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The war on Iran is hitting US partners Australia and New Zealand among those racking up billions of dollars in higher fuel import costs after prices spiked with the closure of the Strait of Hormuz.

Australia bleeds billions as Iran war sparks oil crisis

The Washington Post
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The Hon. Chris Bowen MP, Minister for Climate Change and Energy, speaks at the National Press Club.

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Perdaman founding chairman Vikas Rambal, Prime Minister Anthony Albanese, Premier Roger Cook and Federal Resources Minister Madeleine King in Karratha.
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We need to hit the gas on building new Aussie oil refinery

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Woodside has narrowed its production guidance for the full year to between 174mmboe and 185mmboe.

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