business

Citigroup analyst Brendan Sproules said the result was disappointing given NAB’s rally since June, but the impact of the Reserve Bank of Australia raising interest rates would be better reflected in the remaining months of 2022. “Overall, we expect the market will be disappointed with this profit update after a strong share price rally from …

National Australia Bank delivers $1.8 billion in cash profit in the third quarter Read More »

Insurance giant Suncorp New Zealand’s after-tax profits slipped 23% to $165 million in its most recent financial year, despite a huge increase in premiums paid by Kiwi home, car and business owners. The insurer’s profit drop for the 12 months to the end of June was the result of high inflation, and multiple extreme weather …

Suncorp says profit fell 23%, warns of higher premiums for homeowners Read More »

Just as BHP quibbles about its $25 a share offer being turned away too soon by OZ Minerals’ board, JPMorgan’s sell-side analysts were chiding the bigger miner for waiting too long to make a move. BHP could have made a move on OZ Minerals in 2020, when the latter’s shares were half BHP’s $25 rejected …

BHP too late to the OZ Minerals party: JPM Read More »

The $HK8.68 billion loss at EnergyAustralia compared with a net profit of $HK837 million in the first half of 2021. It sent the whole CLP group to a loss of $HK4.86 billion for the six months, down from a profit of $HK4.62 billion a year earlier. CLP still maintained its dividend, and Mr Lancaster said …

EnergyAustralia plunges into heavy losses, eyes partnerships Read More »

Executive Traveler exclusive The great Qantas Lounge Cull appears to be over, with the airline promising its Honolulu lounge – often considered the worst in the network – won’t meet the same fate as its siblings at Tokyo Narita gold Hong Kong. However, the airline declined to comment on reports that the well-worn Honolulu International …

Qantas Honolulu Lounge destined for refurbishment? Read More »

It reaches the $US763.7 million free cashflow figure by taking net cash provided by operating activities of $US883.5 million and subtracting capital expenditure on property and equipment of $US70.6 million, alongside payments of lease obligations of $US49.1 million. As an unofficial accounting method, Atlassian’s free cashflow also excludes other relatively minor expenses booked through its …

Why Atlassian is now one of the world’s most expensive tech stocks Read More »

Many Tripadvisor reviews of DK Oyster Mykonos allege the place is a scam. The owner, however, has hit back at the negative press, saying: “we have advertised in the ways we consider suitable for our restaurant and we will not succumb to the influencers who have been attracted to the beautiful island of Mykonos.” Reviews …

Tourists Warned To Avoid Sneaky Mykonos Restaurant Scam Read More »

The BMW i4 was semi-developed to compete with the Tesla Model 3. While BMW probably didn’t have the Model 3 as it’s only competition in mind when developing the i4, it’s sort of impossible for a midsize electric sedan not to compete with it. However, there’s likely little overlap of i4 buyers and Model 3 …

BMW i4 eDrive40 vs Mercedes EQE: Car Magazine Test Read More »