Australia’s Domino’s Pizza plummets on withdrawing annual outlook, rating downgrades
By Himanshi Akhand (Reuters) – Shares in Australia’s Domino’s Pizza Enterprises posted a record drop on Thursday, after the retail food outlet operator withdrew its fiscal 2024 outlook and its first-half profit…
Australia’s measures to bolster energy security hits LNG industry
SINGAPORE (Reuters) – The Australian government implemented a series of regulations and measures in the gas industry to meet domestic energy needs, manage soaring gas prices and reduce emissions. Gas producers have…
Analysis-Strikes knock another leg out from under Australia’s LNG throne
By Emily Chow and Yuka Obayashi SINGAPORE/TOKYO (Reuters) – Long before labour unrest at liquefied natural gas (LNG) plants threatened to disrupt supplies, Australia was on track to lose its crown as…
Explainer-What can Australia’s labour tribunal do in Chevron’s dispute with LNG workers?
By Lewis Jackson and Renju Jose SYDNEY (Reuters) – Chevron has asked Australia’s Fair Work Commission (FWC) to intervene in its dispute with workers on strike at two major liquefied natural gas…
Australia’s household spending rebounds in Aug in consumer resilience -CBA data
SYDNEY (Reuters) – Australia’s household spending rebounded in August, led by gains in the education, transport and recreation categories, data from the Commonwealth Bank of Australia showed on Wednesday, a sign of…
Australia’s Macquarie loses most in 2 weeks on tepid asset management outlook
(Reuters) – Shares in Macquarie Group slipped more than 2% on Wednesday after the Australian investment bank flagged that its asset management division will face continued economic headwinds through the first half…
Australia’s Orora to buy Carlyle’s France-based Saverglass for $1.4 billion
By Scott Murdoch and Poonam Behura SYDNEY (Reuters) -Australian packaging company Orora Ltd said on Tuesday it would buy French high-end glass bottle manufacturer Saverglass from private equity firm Carlyle Group for…
Australia’s sovereign fund misses return target, says outlook choppy
By Lewis Jackson SYDNEY (Reuters) – Australia’s sovereign wealth fund missed its return target for the year to June and its chairman warned on Wednesday that markets were downplaying the risks from…
Australia’s Star Entertainment swings to annual profit, debt falls
(Reuters) – Australia’s Star Entertainment Group swung to an annual profit on Tuesday as operating conditions continued to stabilise and revenues improved across segments, also helping the cash-strapped casino operator significantly reduce…
Australia’s ANZ Group and Suncorp seek review of $3.2 billion deal block
(Reuters) -ANZ Group and Suncorp Group said on Friday that they have filed separate applications to seek a tribunal review after Australia’s competition regulator recently blocked ANZ’s $3.2 billion buyout of Suncorp’s…
Australia’s second-largest pension fund to open London office by mid-2024
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment officer said on Friday, the latest retirement…
U.S. insurance broker Marsh to buy Australia’s Honan
(Reuters) – U.S. insurance broker Marsh, a unit of Marsh & McLennan, said on Sunday that it would acquire Australia’s Honan Insurance Group, it said in a statement on Sunday. Marsh didn’t…
Woodside, unions remain at odds over wages at Australia’s largest LNG facility
SYDNEY (Reuters) -Woodside Energy said “positive progress” was being made on wage disputes at Australia’s largest liquefied natural gas (LNG) facility even as a union alliance said key differences remained ahead of…
Tough road ahead for Australia’s landmark Indigenous referendum as support dips
By Praveen Menon SYDNEY (Reuters) – A referendum to constitutionally recognise Australia’s Indigenous people would fail if held now, opinion polls out this week show, adding pressure on the government to improve…
Australia’s InvoCare agrees to revised $1.2 billion buyout offer from TPG
By Rishav Chatterjee (Reuters) -Australia’s InvoCare Ltd said on Wednesday it has agreed to a lower takeover offer from U.S. private-equity firm TPG Global, valuing the funeral service provider at A$1.8 billion…
Suncorp sees improvement in margins from insurance; annual cash earnings jump
(Reuters) -Australia’s Suncorp Group on Wednesday posted a sharp jump in full-year cash earnings and said it expects an improvement in margins in the medium term from higher renewal premium rates in…
Australia’s Woodside to sell 10% stake in Scarborough to LNG Japan for $500 million
By Himanshi Akhand (Reuters) -Woodside Energy Group said on Tuesday it had entered a deal with LNG Japan to sell a 10% participating interest in its $12 billion Scarborough liquefied natural gas…
Australia’s Downer EDI sees $253 million annual loss on impairment charge, shares slip
By Navya Mittal (Reuters) – Australian contractor Downer EDI said on Thursday it expected to record a statutory net loss after tax of about A$386 million ($252.52 million) for fiscal 2023 on…
Australia’s largest pension fund hires more staff in London
By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, has appointed senior executives to its London office as part of the rapidly growing fund’s push to expand its presence overseas.…
Australia’s Pacific Current receives $388 million buyout offer from Regal Partners
(Reuters) – Australia’s Pacific Current Group received a non-binding buyout proposal from Regal Partners Ltd, which values the asset manager at A$573.5 million ($388.1 million), the companies said on Wednesday. Under the…
Australia’s Wesfarmers to merge discount stores Kmart and Target
(Reuters) – Australian retail conglomerate Wesfarmers said on Tuesday it will merge the business units of its budget department store Kmart and discount retailer Target as the group attempts to reduce losses…
Australia’s Westpac splits consumer and business banking unit into two
(Reuters) – Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with each having its own CEO, effective Aug. 1. The bank said Chris…
Tesla sues Australia’s Cap-XX over EV battery technology
By Blake Brittain (Reuters) – Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by…
Australia’s Endeavour shares hit record low as poker machine regulations land
By Byron Kaye and Himanshi Akhand (Reuters) – Shares of Endeavour Group, Australia’s biggest pub owner, hit a record low on Monday after a surprise state government decision to impose identification checks…
Factbox-Changes to Australia’s central bank following review
SYDNEY (Reuters) – Australia’s government announced on Friday that Michele Bullock, Deputy Governor at the Reserve Bank of Australia, will take over from Governor Philip Lowe in September, following a review that…
Factbox-Potential candidates as next chief of Australia’s central bank
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank will not be reappointed for a second term as the Labor government seeks a new pair of hands for an…
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