AP Eagers says no recovery in auto sales
AP Eagers made $69.2 million in underlying profit after tax in 2019, down 3.1% from 2018, amid challenging market conditions across Australia.
Business investment slumped by a worse-than-expected 2.8 per cent during the December quarter, increasing the likelihood of a rate cut in the coming months.
Buy now, pay later operators Afterpay and Zip have reported wider losses, but say hiring and marketing costs are helping make the product a success.
Flight Centre reported a statutory profit after tax of $22.1 million, down from $85 million the year before.
Air New Zealand is slashing capacity in Asia as it works to reduce the impact of the coronavirus on its earnings.
Rio Tinto has posted its best underlying earnings since 2011, with underlying earnings for the full year ended December 31 rising to $A15.76 billion.
Vodafone 5G mobile services will begin within weeks as it looks ahead after reporting a $154.8 million loss.
Some Chinese traders are buying more products from Australian baby formula provider Bubs due to food supply concerns from the coronavirus.
Construction work in Australia fell across the December quarter, the Australian Bureau of Statistics says
Melbourne biotech company PolyNovo says it lost $2.4 million in the first half but it expects sales of its wound healing product to double this fiscal year.
Nine plans to cut costs by $100 million and has reported an improvement in its video streaming businesses.
Virgin Australia is planning fewer flights amid cancellations on international and domestic routes due to the coronavirus.
Woolworths says it will now exceed its initial guess of $200 million to $300 million in salaried staff underpayments over nine years.
Treasury Wines has announced it will miss full-year guidance as a result of coronavirus-affected consumption in China.
A former Shepparton business has made national headlines once again as an ABC investigation uncovered a multimillion-dollar scam that targets drug addicts and the homeless. Former local accountancy firm Brown Baldwin have been accused of exploiting...
Investigations are continuing after four people died following an aircraft collission in Mangalore, near Avenel on Wednesday morning.
Police are investigating the circumstances surrounding a fatal crash which occurred in Tatura last night.
Emergency services are currently at the scene of a plane crash on the Hume Fwy near Avenel. Ten vehicles are currently at the scene. Ambulance Victoria said they received the call at approximately 11.30am. There are currently no details about the...