Earnings season
Retail sales slide, but Vicinity shopping centres prove ‘resilient’
Visitors to the retail property group’s sites, including Melbourne’s Chadstone, climbed more than a third following a recovery in tourism and as more workers returned to the office.
- by Stephen Miles
Latest
Drinks giant Endeavour cheers profits as Australians flock to pubs, pokies
Consumers keep heading out to bars and bistros despite the rising cost of living, but the drinks retailer warns its recent double-digit growth can’t continue.
- by Jessica Yun and Amelia McGuire
Mirvac, Dexus swing to losses on empty offices
Falling office property valuations, bad weather and the effects of rising interest rates have become strong headwinds for the two major real estate investment groups.
- by Carolyn Cummins
Charter Hall, Region boosted by food as apparel demand wanes
Signs are emerging that shoppers are tightening their belts as retail landlords warn the rate of sales growth has dipped as the cost of living pressures increase across their apparel and more discretionary-style tenants.
- by Carolyn Cummins
CSL aims to get better bang for buck from plasma
The ASX heavyweight and the nation’s largest healthcare company is looking to make its operations more efficient to counter inflation and currency woes.
- by Emma Koehn
NAB signals confidence with $1.5b buyback as profits rise
The country’s second-largest bank reported a 5.8 per cent increase in profit and announced a $1.5 billion share buyback but saw the quality of its loans fall.
- by Millie Muroi
Penfolds maker tweaks shipments as it eyes end of Chinese tariffs
Treasury Wine Estates took a profit hit despite raising prices for several of its brands as demand for budget wines such as 19 Crimes and Wolf Blass faltered.
- by Jessica Yun
Bendigo customers eating into buffers but no signs of distress
The country’s fifth-largest banks has seen an uptick in late repayments and a draw down in buffers, even as it posted a record cash earnings result.
- by Millie Muroi
Property giant Lendlease looks to become an investing powerhouse
Global property giant Lendlease says it is on track to have $70 billion in funds under management by 2026 as it continues its overhaul under Tony Lombardo.
- by Carolyn Cummins
SUVs still running hot despite cost-of-living squeeze
Carsales.com says consumer demand for gas-guzzling sports utility vehicles (SUVs) remains healthy despite high petrol costs, helping the automotive classified website post sharply higher profits.
- by Clancy Yeates
Updated
JB Hi-Fi Limited
JB Hi-Fi boss wary of softer spending as sales lose zip
The electronics retailer surprised with better than expected results, but the company’s boss says it’s clear conditions are tightening among consumers.
- by Emma Koehn