Business news

Harvey Norman posts fall in interim earnings, dividend

Harvey Norman shares have fallen more than 10 per cent after the retailer announced a drop in profit and a weak start to 2023.

Temple & Webster shares plunge after profit drop

Shares in Temple & Webster have fallen 25 per cent after the online furniture and homewares retailer reported a 47 per cent fall in half-yearly pr...

JB Hi-Fi sales slowing after record first half

Retailer JB Hi-Fi has reported slowing sales in January after posting a record result in the six months to December.

Auckland flooding, claims inflation to hit IAG margins

Insurance Australia Group says it has already received more than 15,000 claims related to the Auckland storms and expects gross costs to exceed $350 m...

Myer set to double first-half profit

Department store chain Myer has reported its highest sales ever in the first five months of the financial year as it continues its post-lockdown sales...

Is the pace of Australia’s transition towards clean energy fast enou...

Australia, which holds the second spot on the list of thermal coal exporters, seems to be in dilemma these days- the county's rich hydrocarbon resourc...

How are Synlait’s (ASX:SM1) shares faring post FY23 guidance update?

Shares of Synlait Milk were trading in the red territory with a loss of 5.294% shortly after the news surfaced. At the time of writing (12:08 PM AEDT)...

David Jones sold to private equity firm

David Jones will come under Australian ownership after the department store chain was sold to private equity firm Anchorage Capital Partners.

Review ordered on insurance premium rises

Financial watchdogs have ordered life insurance companies to review their premium increases following customer concerns about price rises.

Ex-ANZ unit rejected claim in 'bad faith'

Former ANZ subsidiary OnePath failed to inform a consumer of her rights when rejecting an allegedly fraudulent insurance claim, ASIC has said.

Harvey Norman spruiks Malaysia opportunity

<p>Harvey Norman, which is holding its annual general meeting, says quarterly sales for its 28 Malaysian outlets have jumped by almost 40 per cent.</p...

QBE warns of $100m catastrophe blowout

<p>QBE expects to exceed its catastrophe allowance by around $100 million this year as the war in Ukraine and extreme weather events cause elevated cl...

Retail sales strong but rate rises biting

<p>Spending reached another high in September with price inflation and an extra national public holiday contributing to a $35.1 billion month for reta...