Australias
Australia’s Guzman y Gomez profit beats forecast in first earnings since IPO
AUSTRALIA’S Guzman y Gomez reported a surge in full-year profit, outperforming its prospectus forecast after the Mexican-themed fast-food chain’s bumper June debut.The Sydney-based company reported pro forma net profit...
Australia’s CBA cuts interest rates on some home loans for new borrowers
It will cut the variable mortgage rate to new borrowers by 25 basis points to 6.89% if such borrowers have a 20% depositCommonwealth Bank of Australia, the country’s biggest...
Australia’s ASX profit slips as regulator scrutiny drives up costs
AUSTRALIAN stock market operator ASX said annual underlying profit slipped below market expectations due to higher expenses stemming in part from a troubled software upgrade that sparked a regulator...
Australia’s NAB posts lower cash earnings, flags decline in asset quality
NATIONAL Australia Bank (NAB) posted an 8 per cent drop in its third-quarter cash earnings on Friday (Aug 16), pressured by lower revenue and higher operating expenses, and flagged...
Australia’s Fortescue to step up energy spending despite job cuts
AUSTRALIA’S Fortescue said on Thursday (Jul 25) it will increase spending on its energy division to advance several new green hydrogen projects next year, disappointing analysts who had expected...
Australia’s Domino’s Pizza slumps to over nine-year low on bleak store growth view
SHARES in Australia’s Domino’s Pizza Enterprises hit a more than nine-year low on Thursday (Jul 18), as analysts cut their earnings outlook after the company decided to close low-volume...
Australia’s Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
FORTESCUE will reduce about 700 jobs, or 4.5 per cent of its global workforce, in a fresh restructuring round, the Australian miner said on Wednesday (Jul 17), as it...
Seatrium signs deal to service vessels of Australia’s Teekay Shipping
OFFSHORE and marine specialist Seatrium has secured a favoured customer contract agreement from Teekay Shipping (Australia).Also known as Teekay Australia, the company provides vessel operation services under contracts with...
