News

Price rises our last resort, says Wesfarmers’ Scott

The impact of January’s Omicron case surge on the labour force has been laid bare, with hours worked dropping almost 9 per cent, while unemployment remains at a 13-year low.

A late drop in trade following reports of shelling in Ukraine wiped almost all ASX gains and raised the prospect of sanctions against major oil producer Russia.

Western Australia has experienced another record surge in locally acquired COVID cases, with a further 177 reported overnight.

Crown Resorts has reported a 23 per cent fall in activity at Burswood since the state government imposed proof of vaccination as a condition of entry.

BHP staff to lose jobs in no-vax axe

CSL shares surged after its first-half earnings and the ASX had its best day in a week after Russia claimed to be moving troops away from the Ukraine border.

A Karratha man has won a defamation claim against Kerry Stokes’ Seven West Media after he was incorrectly identified as Cleo Smith's alleged abductor.

Minister tries to get sporting codes onside

BHP pleased investors with first-half earnings, but Australian share market participants traded warily as Russia threatens the stability of Europe.

The announcement that international borders will open this month and signs that the COVID-19 Omicron variant peak has passed has lifted consumers' spirits.

Costs push up inflation

Regis Resources, Northern Star and Ramelius Resources were up strongly on the back of elevated gold prices after world leaders warned major oil producer Russia may invade Ukraine within days.

Adam Irving will start on July 1 as Perron’s current chief executive and managing director, Ross Robertson, retires.

There’s no shortage of ideas for how WA can attract talent and new industries when the pandemic abates.

Global private equity group Blackstone has won the battle to take over Crown Resorts for almost $9 billion, barring no better offer emerging.

Fortescue hit by fresh executive losses

An uncomfortable end to an otherwise good week has reminded ASX investors of the perils of a rising interest rate environment.

Reserve Bank governor Philip Lowe has warned federal politicians that raising the cash rate too soon could put expected lower unemployment at risk

Women still undervalued

National Australia Bank pleased with first-quarter earnings while under-fire AMP gave investors more reason to believe this earnings season could be a good one.

Court backs contract jobs

Commonwealth Bank's first-half profit inspired a rush on financial shares while technology stocks also surged on a good day for ASX investors.

Mincor Resources tried and missed at Western Areas

The man tasked with overseeing the McGowan government’s flagship Metronet project, Anthony Kannis, has been promoted to director general of the Department of Planning, Lands and Heritage.

Financial giants have impressed investors with their earnings and helped stoke expectations of the Commonwealth Bank figures due on Wednesday.

Border closures have cost the Australian economy billions of dollars with bosses having trouble finding suitable staff in the absence of skilled migrants.

Food sector pushes for budget boost

Financial shares were the worst performers on the ASX, while mining and energy stocks helped offset some of the losses.

BHP heritage destruction blamed on 'historical' blasts

Shares had their best week of the year on the ASX as investors turn their attention from rate rises to Australian earnings season.

The Reserve Bank of Australia says the economy has bounced back strongly from last year's Delta lockdowns and the signs indicate the effect from the Omicron variant on spending has been relatively small.