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The Latest News from company information

Besieged Qantas board cops brunt of shareholder anger

Besieged Qantas board cops brunt of shareholder anger

Heckling and protest votes greeted the Qantas board at the airline's annual general meeting where shareholders vented their frustration at a series of missteps.

'Climate wreckers' given green light by big super funds

'Climate wreckers' given green light by big super funds

'Climate wreckers' given green light by big super funds

'Climate wreckers' given green light by big super funds

Some of Australia's most well-known super funds have been accused of faking it on supposed "climate action" against the expansion of oil and gas.

Casual worker changes threaten jobs: Wesfarmers chair

Casual worker changes threaten jobs: Wesfarmers chair

Casual worker changes threaten jobs: Wesfarmers chair

Casual worker changes threaten jobs: Wesfarmers chair

Corporate heavyweight Michael Chaney says proposed changes to Australia's labour laws would add complexity and cost.

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Santos ploughs ahead with Barossa despite drilling ban

Santos ploughs ahead with Barossa despite drilling ban

Investors are sceptical that Santos can meet its timeline to deliver the controversial Barossa gas project as it forges ahead without drilling approvals.

Origin Energy eyes keeping Eraring running beyond 2025

Origin Energy eyes keeping Eraring running beyond 2025

Origin Energy says talks continue with the NSW government on delaying the closure of Australia's largest coal plant Eraring to support a reliable power supply.

CSL to bandage cost pressures to stem bleeding profits

CSL to bandage cost pressures to stem bleeding profits

Biomedical giant CSL has pledged to repair margins as cost pressures and volatile global currencies continue to bruise profits at the vaccine and plasma leader.

Heat on climate, gender at companies' annual meetings

Heat on climate, gender at companies' annual meetings

The annual general meeting season is expected to kick off with a focus on sustainability, remuneration for bosses and votes against all-male boards.

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Vanadium projects to merge to plug into battery demand

Vanadium projects to merge to plug into battery demand

Vanadium projects to merge to plug into battery demand

Vanadium projects to merge to plug into battery demand

Two Western Australian vanadium developers will join forces to develop the silvery-grey metal that could be the next "pit to grid" breakthrough for batteries.

Big loss renews Australia Post's open letter for reform

Big loss renews Australia Post's open letter for reform

Big loss renews Australia Post's open letter for reform

Big loss renews Australia Post's open letter for reform

Australia Post has renewed a plea to update its charter after the government-owned enterprise lost $384 million delivering letters in the past financial year.

Sales down at Harvey Norman as cost of living bites

Sales down at Harvey Norman as cost of living bites

Sales down at Harvey Norman as cost of living bites

Sales down at Harvey Norman as cost of living bites

Harvey Norman is confident its strong balance sheet can see it through a consumer slowdown, even as falling sales cause profits at the retailer to tumble.

Regional Express lifts revenue, flags further expansion

Regional Express lifts revenue, flags further expansion

Regional Express lifts revenue, flags further expansion

Regional Express lifts revenue, flags further expansion

Regional Express hopes the delivery of new planes to its fleet will help increase flying and boost revenue as the airline battles to become profitable.

Flight Centre profit takes off as prices lose altitude

Flight Centre profit takes off as prices lose altitude

Flight Centre profit takes off as prices lose altitude

Flight Centre profit takes off as prices lose altitude

Alongside its first positive earnings result since 2019, Flight Centre predicted airfares to moderate and urged the government to allow greater competition.

Lynas 'match fit' despite profit slide, rising costs

Lynas 'match fit' despite profit slide, rising costs

Lynas 'match fit' despite profit slide, rising costs

Lynas 'match fit' despite profit slide, rising costs

The biggest producer of rare earths outside China says it's ready to meet increasing demand despite a profit plunge and cost blowout.

Latest Fortescue CEO backs 'crazy vision', dividend cut

Latest Fortescue CEO backs 'crazy vision', dividend cut

Latest Fortescue CEO backs 'crazy vision', dividend cut

Latest Fortescue CEO backs 'crazy vision', dividend cut

Fortescue Metals Group has booked a lower full-year profit after a writedown, slashed the final dividend and shocked investors with another new CEO.

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Industry cost pressures 'subdue' demand for mining tech

Imdex says while short-term conditions are subdued the tech firm continues positioning for stronger battery minerals demand requiring miners to dig deeper.

Crunching the numbers on climate risk without greenwash

Australian companies face mandatory climate reporting as consumers and investors demand information they can trust and action to prevent even higher costs.

Kmart sales up as cost-conscious shoppers hunt bargains

Record annual earnings at Kmart have helped propel Wesfarmers to a $2.5 billion full-year profit, as consumers become more cost-conscious.

Dreamworld owner Ardent back to profit after bumpy ride

Theme park operator Ardent Leisure has marked its recovery from a fatal accident at Dreamworld and COVID-19 with its first full-year profit since 2016.

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Lithium leader Pilbara posts electrifying $2.4b profit

Pilbara Minerals reports a 326 per cent surge in net profit to $2.4 billion as the world rapidly electrifies and demands a secure supply of sustainable lithium.

Iluka Resources to pause production after profit slump

Iluka Resources has reported a slump in first-half profit and will shutter a major kiln as global economic uncertainty depresses demand for some commodities.

Coles profits rise as consumers skimp on eating out

Consumers are increasingly turning to supermarkets to ride out the cost-of-living squeeze, with Coles experiencing strong growth in sales revenue.

Lithium mega-trend drives Allkem to record $525m profit

Lithium producer Allkem credits hard-rock production in Australia and brine ponds in Argentina for an "outstanding" FY23 result as the world races for supplies.

BlueScope announces steelworks upgrade after profit dip

Lower export prices are weighing on earnings at BlueScope but the steelmaker says a big investment in a NSW smelter will extend the viability of its operations.

IAG reports 'solid year' as net profit jumps

Insurance giant IAG says it made $832 million in 2022/23, up from $347 million the year before, as it works to become a stronger and more resilient company.

Magellan names new chairman amid big drop in profit

Andrew Formica will take over as Magellan chairman from Hamish McLennan as the fund manager announced its full-year profit dropped 57 per cent to $174 million.

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