Yesterday
Business loan demand spikes, keeping inflation fears alive
CBA, the country’s largest lender, says a strong labour market is driving “robust” demand from companies, which could push up prices, economists warn.
- James Eyers and Lucas Baird
- Opinion
- Chanticleer
CBA shows this is not your parents’ slowdown
CBA’s chief executive started banging the drum on loss-making mortgages early last year. Now, the broader banking sector appears to be thinking along the same lines.
- Updated
- James Thomson
- Opinion
- Chanticleer
‘Why would I invest a single cent in Australia?’ asks Orica boss
The explosives giant’s CEO, Sanjeev Gandhi, is getting a little tired of hearing about the Albanese government’s much hyped Future Made in Australia policy.
- James Thomson
- Updated
- Commonwealth Bank
CBA profit falls to $2.4b but ‘momentum’ improves
Lower margins reduced profits at the country’s largest bank over the last three months, as higher interest rates saw late loan repayments rise.
- James Eyers and Lucas Baird
European stocks rise to new record on solid earnings
European stocks have added 2.1 per cent already this month. Separately, the FTSE 100 hit a fresh record thanks to strong commodities.
- Macarena Muñoz
This Month
Reddit’s bright first earnings report sends shares soaring
Its IPO was one of the biggest in the US this year – and its first earnings report shows that revenue increased 48 per cent.
- Aisha Counts
- Updated
- ANZ Bank
ANZ says it can reward shareholders and grow lending
The bank said profits were down in its retail business with conditions “more competitive than ever”, but lending to large companies was stronger.
- Updated
- Lucas Baird and James Eyers
- Opinion
- Chanticleer
The sneaky bad news in the banks’ $4.5b buyback bonanza
ANZ joined the bank buyback party on Tuesday. Investors love getting excess capital back, but do these buybacks show the banks are short of growth options?
- Updated
- James Thomson
- Opinion
- Chanticleer
Westpac shows how banks are mortgage war casualties
Peter King says Westpac is hunting growth. But he won’t find it in old-fashioned mortgages and deposits, where returns have been brutally competed away.
- James Thomson
Westpac deflects downturn with special dividend
The Westpac boss says the return of $1.5 billion to shareholders is a sign of confidence in the Australian economy and the outlook for bad debts.
- Updated
- James Eyers and Lucas Baird
- Updated
- Macquarie Group
Macquarie takes hit on green energy
The investment bank’s chairman Glenn Stevens has warned that fossil fuels, especially gas, will be required “for quite some time to come”.
- Updated
- Lucas Baird and James Eyers
Macquarie goes after big four’s business lending lunch
The investment bank’s share of small business lending is only 1.7 per cent, but its $15.8 billion book grew by 22 per cent for the year and Macquarie wants more.
- Updated
- James Eyers and Lucas Baird
- Opinion
- Chanticleer
Why Wikramanayake says a tough year proves Macquarie’s growth story
Investors have been looking past the group’s big profit drop and betting that the drought in renewable energy asset sales will end. But the rebound may be bumpy.
- Updated
- James Thomson
Once Macquarie’s $58m man, Nick O’Kane’s pay fell to $1m
Once the financial conglomerate’s highest-paid executive, Mr O’Kane resigned in March so was not eligible for the lucrative profit share bonuses.
- Lucas Baird
- Updated
- National Australia Bank
NAB clings to business banking prize as mortgage brokers bite
National Australia Bank’s first-half profit tumble underlined the toll intense mortgage competition is still claiming on margins.
- Updated
- Lucas Baird and James Eyers
- Opinion
- Chanticleer
The ‘astonishing’ number in NAB’s profit
There’s a very good reason why new boss Andrew Irvine won’t change the bank’s strategy too much.
- James Thomson
April
Origin’s LNG revenue drops 8pc in March quarter
Lower global prices for oil and gas dragged down LNG revenue at the energy giant to $2.6 billion.
- Updated
- Elouise Fowler
Snapchat going backwards in Australia
Elon Musk’s takeover crushed Twitter, but Snap is still a fraction of the size of the dominant Meta-Google online advertising machine.
- Nick Bonyhady
Banks stare down spectre of bad debts, eye $4.5b return
Analysts say banks may declare higher dividends and share buybacks over the next fortnight’s earnings season as margin pressures ease.
- Lucas Baird and James Eyers
Alphabet surges past $3 trillion, announces first-ever dividend
Google’s parent company rose nearly 16 per cent after first-quarter earnings beat expectations and a $US70 billion stock buyback was approved.
- Greg Bensinger and Akash Sriram
