If one were to write a report card,Vanessa Hudson would score well – but there is room for improvement.
A sharp decline in first-half profits was unveiled by Qantas boss Vanessa Hudson as the price of plane tickets fell and flight capacity increased.
Lower global prices for key commodities put a $2.3 billion dent in Rio Tinto’s earnings.
The resources giant hiked its dividend despite a decline in revenue and production.
The earnings of the country’s second-largest bank fell by almost 17 per cent in the December quarter as it grappled with growing arrears in local home-lending and a slowing economy.
Mining giant BHP has taken a big hit to its half-year profit after writing down its WA nickel operations and setting more money aside to deal with its Samarco mine disaster in Brazil.
A dig into the mining giant’s numbers tells quite a story about the significant changes it has made to how it is spending the vast volumes of cash it is generating.
The bosses of Westpac and Bendigo and Adelaide Bank say late payments on home loans have ticked up,but that an easing in interest rates,which looks likely to happen this year,would support economic growth.
Australian insurers expect premiums to continue rising this year despite growing concerns about affordability and the growing impact on the country’s inflation figures.
Retail conglomerate Wesfarmers has seen its profits rise in the December half,thanks to shoppers flocking to the discount department store in the cost-of-living crunch.
The energy giant is running its only power station in Victoria at full capacity to help stabilise the grid following Tuesday’s huge storm.