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Latest news: Company Information

Local tech company defends AI job cuts as revenue soars

Local tech company defends AI job cuts as revenue soars

A logistics software provider has reported record annual revenue with buyouts growing its reach, as it looks to distance itself from negative headlines.

Fossil fuel group's clean energy spend goes up in smoke

Fossil fuel group's clean energy spend goes up in smoke

Fossil fuel group's clean energy spend goes up in smoke

Fossil fuel group's clean energy spend goes up in smoke

Australia's biggest oil and gas producer's profits have surged on the back of the US-Iran war, as it walks away from billions of dollars in new energy projects.

'In it to win it': liquor group sees more GenZ buyers

'In it to win it': liquor group sees more GenZ buyers

'In it to win it': liquor group sees more GenZ buyers

'In it to win it': liquor group sees more GenZ buyers

Bottle shops and pubs giant Endeavour Group has increased its retail market share after lowering shelf prices for customers, leaving it with lower profits.

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Big Australian sees a copper future on AI, energy boom

Big Australian sees a copper future on AI, energy boom

Surging copper prices meant the red metal accounted for more than half of BHP's earnings in the past financial year as the miner invests heavily in production.

Hearing loss and dementia link can drive implant growth

Hearing loss and dementia link can drive implant growth

Australian hearing implant company Cochlear has suffered a fall in annual earnings but is positive about the future uptake of its pioneering technology.

Real estate group in the red after messy offshore exit

Real estate group in the red after messy offshore exit

Real estate and construction group Lendlease continues to struggle against a heavy share price, leadership departures and its exit from global operations.

Impact of war in Middle East hits insurer's bottom line

Impact of war in Middle East hits insurer's bottom line

Shares in Sydney-based global insurance company have fallen two-month low after it paid out millions in catastrophe claims related to the war with Iran.

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Nvidia, Wall St firms plan $500b AI infrastructure push

Nvidia, Wall St firms plan $500b AI infrastructure push

Nvidia, Wall St firms plan $500b AI infrastructure push

Nvidia, Wall St firms plan $500b AI infrastructure push

Nvidia has signed memorandums of understanding to mobilise a staggering $US500 billion in third-party capital for AI infrastructure.

Toy Story 5 and theme parks drive strong Disney quarter

Toy Story 5 and theme parks drive strong Disney quarter

Toy Story 5 and theme parks drive strong Disney quarter

Toy Story 5 and theme parks drive strong Disney quarter

Disney has topped earnings estimates as its US theme parks and the monster hit Toy Story 5 have buoyed the entertainment giant's third-quarter earnings.

Pinnacle weathers global shocks to boost profits

Pinnacle weathers global shocks to boost profits

Pinnacle weathers global shocks to boost profits

Pinnacle weathers global shocks to boost profits

A sluggish Australian market performance won't take the shine off a successful tilt overseas delivering surging profits to a local investment firm.

Andrew Forrest's Fortescue flags major asset writedown

Andrew Forrest's Fortescue flags major asset writedown

Andrew Forrest's Fortescue flags major asset writedown

Andrew Forrest's Fortescue flags major asset writedown

Fortescue will write off $746 million from the value of its Iron Bridge magnetite mine in the Pilbara after reviewing scenarios for the troubled operation.

OpenAI rogue agent compromises account at second firm

OpenAI rogue agent compromises account at second firm

OpenAI rogue agent compromises account at second firm

OpenAI rogue agent compromises account at second firm

The rogue agent that escaped from OpenAI has compromised a customer at a second tech company.

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside Energy is moving to increase its stake in the proposed $49 billion Browse gas field by pre-empting a sale by one of its joint venture partners.

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Kmart Group is refurbishing two dozen more stores to a new format, and opening a new concept store for home goods near an Australian capital city.

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'Blows my mind': KPMG's whistleblower issues collide

A consultancy firm facing claims it mishandled allegations of misconduct by a whistleblower was dealing with whistleblower complaints for major companies.

Data centres drive record $6 billion investment boom

A spike in spending on equipment needed to power AI has underpinned strong growth in business investment, despite a slowdown in consumer spending.

Kiwi firm's sheep-derived healing products sales soar

Sales of a product made of sheep guts for complex wound and soft tissue reconstruction are up 54 per cent in a "breakout year" for an ASX-listed Kiwi company.

‘Dumb, rich and insured’: hackers target Aussie firms

Australian businesses are growing targets for online criminal gangs and an executive whose company was attacked warns it is hard to avoid.

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Qantas customers claim $105m compo over COVID credits

A $105 million pot could be shared among hundreds of thousands of Qantas customers after the carrier settled a class action over COVID-19 flight credits.

UK MPs reject Aussie-style kids' social media ban

British MPs have rejected a proposed Australian-style ban on social media for under-16s that was being pursued by campaigners, including Hugh Grant.

Qantas shares nosedive amid weak international demand

Qantas shares flew high in early trading but then faltered and plunged to a three-month low after Australia's biggest airline delivered mixed half-year results.

Renewables growth energises spending as inflation rises

Capital expenditure has been rising fast in Australia as the treasurer warns stubborn inflation will mean savings are needed in the budget.

Cochlear crashes in latest earnings season carnage

Hearing device manufacturer Cochlear has suffered a 19 per cent sell-off after posting weaker-than-expected half-year earnings and trimming its guidance.

ASX lifts earnings but transformation costs rising

Bourse operator ASX Ltd has grown its earnings and profits despite facing a barrage of headwinds, including regulator woes, outages and a hunt for a new leader.

BlueScope predator is comfortable about moving on

The Stokes family-controlled SGH says it has delivered a strong first-half result, and signalled its not for turning on its rejected BlueScope takeover bid.

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