Virgin’s profit dented by post-administration tax bill
Virgin Australia is back-paying tax after exiting administration more than five years ago and returning to the stock exchange. The carrier’s bottom-line interim net profit – the first reported since…
Ley resigns from parliament, triggering by-election
Sussan Ley has formally quit parliament two weeks after being ousted from the Liberal Party’s top job. Her resignation as the member for Farrer will trigger a by-election in her…
Christmas parcels a gift for Aust Post as letters slow
Posties delivered a record 3075 parcels every minute during their Christmas run, driving a modest profit for the nation’s mail service as Australians send fewer letters. Australia Post delivered 111…
Trump’s Board of Peace. Muslim countries along for uncertain ride
While Australia is yet to respond to Donald Trump’s Board of Peace invite, several Muslim countries have, including Indonesia. What does President Prabowo hope to achieve, asks Duncan Graham? The…
Paramount raises the stakes in battle with Netflix
Warner Bros Discovery says Paramount Skydance’s revised $31-a-share offer is superior to its existing deal with Netflix, giving the streaming giant four business days to respond or walk away from…
Check-out time for Coles on results as focus magnifies
Australian supermarket giant Coles is under the spotlight again as it reveals its next set of profit results after spending the week defending allegations it misled shoppers during a marketing…
World shares ease on concerns about tech valuations
An index of global equity markets eased after hitting a fresh record high on Thursday as concerns about lofty valuations of leading technology companies weighed on markets after artificial intelligence…
Is the doctors’ war at Royal College finally ending?
Months of infighting at the Royal Australasian College of Physicians (RACP) culminate in a no-confidence vote today. Stephanie Tran reports. The RACP board is meeting today to consider bullying allegations…
Discounting, inventory issues weigh on Rebel Sport
Discounting at Rebel Sport and lacklustre sales at boating, camping and fishing chain BCF have taken a toll on their owner’s bottom line. Super Retail Group, which also owns Supercheap…
Aussie shares reset records as earnings boon rolls on
Australia’s share market has broken multiple records as it nears the end of a solid earnings season that delivered outsized returns for bigger miners, banks and consumer staples stocks. The…