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Mark Pownall and Nadia Budihardjo discuss Rio Tinto boss Simon Trott's first week; Mineral Resources; Local governments in trouble; Reynolds v Higgins judgment; Michael Chaney and Wesfarmers; and major companies' annual results.
The hunt for the Porepunkah gunman drags into another day, the Attorney-General will appeal the shocking six-year sentence handed to cop stabber Floyd Daniel. Plus, Wesfarmers boss Rob Scott sounds the alarm on Victoria’s spiralling crime problem.See omnystudio.com/listener for privacy information.
Police in Victoria say they won't rest until they apprehend a fugitive on the run; A 12 year old girl who lost her life a school bus crash in Victoria is being remembered as a talented basketballer with an infectious personality; Olympic champion Jessica Fox has undergone surgery to remove a tumour from her kidney; Kmart owner Wesfarmers has reported a 14 per cent increase in net profit; and former tennis star Anna Kournikova is reportedly expecting her fourth baby at age 44. The Quicky is the easiest and most enjoyable way to get across the news every day. And it’s delivered straight to your ears in a daily podcast so you can listen whenever you want, wherever you want...at the gym, on the train, in the playground or at night while you're making dinner. Support independent women's media CREDITS Host/Producer: Sasha Tannock Audio Production: Lu Hill Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.
SBS Finance Editor Ricardo Gonçalves speaks with Wesfarmers CEO Rob Scott about the company's $2.9bn profit, bonus shareholder returns and the economic environment, plus a look at the day on the sharemarket including Qantas' second best profit result ever, with Angus Geddes from Fat Prophets.
Isabel Viera and Tom Zaunmayr discuss how four regional WA maltsters are doing their bit to reduce the reliance on global agribusinesses for WA craft brewers. Plus: MinRes slides to heavy $900m loss; Lynas raises +$800m, flags US uncertainty; Wesfarmers lifts profit, plans capital return.
Wesfarmers, the owners of Bunnings, Kmart and Officeworks, will pay a special dividend to shareholders after a jump in profits today.See omnystudio.com/listener for privacy information.
Profit reporting season is almost at an end with Qantas, Wesfarmers and Medibank reporting today. Plus, NVIDIA shares tumble despite strong Q2 results.See omnystudio.com/listener for privacy information.
Friday 29 August 2025 Qantas is back and flying high with a bumper profit. And more, including: The federal government axes 500 nuisance tariffs. Australia’s love affair with Bunnings and Kmart helps boost Wesfarmers. ChatGPT maker OpenAI is setting up shop in Australia. And the unfortunate way staff at ANZ found out they were losing their jobs. Join our free daily newsletter here. And don’t miss the latest episode of How Do They Afford That? - this week, saving on an irregular income. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.
SBS Finance Editor Ricardo Gonçalves speaks with Wesfarmers CEO Rob Scott about the company's $2.9bn profit, bonus shareholder returns and the economic environment, plus a look at the day on the sharemarket including Qantas' second best profit result ever, with Angus Geddes from Fat Prophets.
Wall Street closed at new record highs, with investors now digesting fresh earnings from Nvidia, though the stock slipped after its data centre revenue fell short of estimates. Elsewhere, Cracker Barrel surged on news of a logo revamp, while American Eagle tapped Travis Kelce in the wake of the Sweeney controversy. Meanwhile, bond yields fell as markets shrugged off Fed drama, and Albemarle gained on a stronger lithium price outlook. Energy stocks also led the advance as US crude inventories declined. Back home, the ASX is set for a flat start on Thursday ahead of results from Wesfarmers. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
The reporting season continues across with Chorus, EBOS Group, Meridian Energy, Summerset and Port of Tauranga all due to report in New Zealand, while we'll hear from Coles, Woolworths, South32 and Wesfarmers across the Tasman. Internationally, NVIDIA will be in focus when its latest earnings are announced on Wednesday in the US.
The Aussie market eased on Friday, snapping its run of record highs as the ASX 200 slipped around half a percent to just under 9,000 points. Healthcare stocks weighed heavily, with CSL plunging after its restructure plans, while James Hardie also disappointed. On the flipside, Zip surged after strong US growth, while NRW and Helia posted gains. Ingham’s and Guzman y Gomez tumbled on results, and Regis Resources pulled back despite a strong year. Attention now shifts to Jerome Powell’s keynote at Jackson Hole and a busy week of earnings ahead, with results due from Coles, Woolworths, Qantas, Wesfarmers, and NVIDIA. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
Welcome to an audio-led edition of Unmade. Today, we talk to the architect of AI-led ad agency Cuttable. And Nine's shares sink as the market awaits a plan for life after Domain.To get maximum value from a paid membership of Unmade, sign up today.Your annual membership gets you tickets to September's REmade conference on retail media; to October's Unlock conference on marketing in the nighttime economy; and to Unmade's Compass end-of-year roadshow.You also get access to our paywalled archive.Upgrade today.Betting on Meta - How Cuttable is targeting SMEsIn today's audio-led edition of Unmade we talk to the co-founder of AI-powered ad agency, Cuttable.Cuttable, founded by creative agency exec Jack White, former Swisse marketer Ed Ring, and tech entrepreneur Sam Kroonenburg, was initially serving some of the biggest brands in the country – Medibank, Wesfarmers, and Nando's, to name a few.But over the past 12 months, the Melbourne-based startup has pivoted to the smaller end of town. Now focused on the “97%” of brands that have grown up entirely in the social media era, it has turned its attention to those relying on Meta for growth.The shift wasn't just a tactical decision, it was a bet on where the future of brand building is heading. White believes the next decade will belong to businesses born and scaled on social media, and he wants Cuttable to be the engine that powers them.“It was a hard decision, we had good revenue. We nearly hit one million [dollars] in ARR (annual recurring revenue), but we made that choice to hand back some of the money to the bigger brands.”He says smaller businesses, founder-led businesses, benefit most from Cuttable's capabilities. The entrenched processes of larger brands – strict brand guidelines, layers of approval, disjointed agency villages – slow down testing and learning too much. In comparison, the nimble nature of smaller brands means they are able to iterate at speed, and they are far hungrier for the immediate impact Cuttable can deliver.That hunger, White says, is driven by necessity: “They're doing their best to keep up with the volume and pace [of advertising] but they're struggling, because they're not advertisers. They care about their brands, they're literally spending their nights and weekends making ads.”Across Cuttable's client base, 80–90% of ad budgets are funnelled into Facebook, Instagram, and Marketplace. White notes that these channels demand constant “creative variation” – a steady stream of fresh ads that keep the algorithm engaged. It's a requirement that overwhelms small marketing teams but plays to Cuttable's strength: generating high-quality, high-volume creative without human bottlenecks.While some might see a risk in focusing so heavily on one platform – especially as Meta invests in its own AI ad tools – White is confident Cuttable's edge lies in combining tech expertise and automation with advertising know-how. The team includes talent from TBWA, Ogilvy, Medibank, and Meta itself, all working alongside top engineers to blend industry craft with cutting-edge tech.“Anyone can spit out content,” he says, “but making something people actually want to click on still takes a good idea.”That blend is also what's attracting investors. Cuttable has raised $10m on a valuation of $44.5m, with backers including Square Peg and The Brand Fund. The capital is fuelling not just product development but an ambitious expansion into the US, where White sees an even larger market of small and medium brands battling the same challenges.Nine fades as market awaits annual updateNine's share price continued to sag today, losing another 0.6%. The company has now lost more than 5% in recent days as its most keenly anticipated full year results announcement in some years approaches.On August 27 - just under a fortnight from now - the company will receive the $1.4bn proceeds from the sale of Domain on the same day it releases its FY25 financial update. Shareholders expect to receive a share of the cash, along with some of the company's debt being paid down. However, just as keenly anticipated is for Nine CEO Matt Stanton to share a new vision for the TV-led business, including any potential new acquisition strategy.On Tuesday Seven West Media set the tone for results season with a downbeat set of numbers, albeit with a slight improvement in the second half of the year. SWM shares improved by 7.1% today, after losing 6.7% on Tuesday.The two major audio players both had down days, with Southern Cross Austereo losing 2.5% to land on a market capitalisation of $140.3m, just ahead of the $139.3m of ARN Media, which lost 3.2%.Ooh Media lost 0.6% to land on a market cap of $924m.The Unmade Index closed on 571.4 points, down 0.68% for the day.More from Mumbrella…* McDonald's split: Longest client-agency partnership in Australian advertising comes to an end* 'We're renowned as a difficult partner for the production sector, but that's going to change': ABC boss Hugh Marks* Droga5 chief strategist departs for new gig at the ABC* Australian Olympic Committee communications chief departs* Government ‘considering AI training disclosure laws'* Opinion: We must fix the fan experience for football broadcasting* Paramount stocks soar after UFC deal and ‘meme stock' commentToday's podcast was edited by Abe's Audio. We'll be back with more tomorrow.Have a great nightToodlepip…Tim BurrowesPublisher - Unmade + Mumbrellatim@unmade.media This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.unmade.media/subscribe
Wednesday 30 July 2025 Telstra, Wesfarmers and QBE take over as the best performing large caps on the ASX. And more, including: The federal government gets a green light for its HECS debt and childcare bills. The illegal tobacco trade hurts another ASX-listed victim. The launch of Australia’s first home made rocket is delayed again. A shooter kills four in midtown Manhattan, in New York. Join our free daily newsletter here. And don’t miss the latest episode of How Do They Afford That? - this week, cash or cashless: what’s better for the budget? Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.
MARKET WRAP: ASX200: down 0.3% to 8,709 GOLD: $3,363 USD/oz BITCOIN: $179,152 CSL advancing 1.5%, to $269.56 Sonic Healthcare and Resmed were also higher. Clarity pharmaceuticals jumped 10% to $4.31 Fortescue's shares rose by 4.3% to $19 after it announced a record volume of iron ore shipments and projected stronger growth. Lynas Rare Earths gained more than 5% to $10.65 Bapcor saw its shares plummet by 28% to $3.66 after it saw weaker sales over the last couple of months. Northern Star Resources dipped by 2.4% Also falling backwards was BHP, Wesfarmers and Macquarie Group AUD/USD: 66.2 US Cents AUD/GBP: 48.9 British Pence AUD/EUR: 56 Euro Cents AUD/JPY: 97 Yen AUD/NZD: $1.09 NZSee omnystudio.com/listener for privacy information.
In this income-focused episode of Buy Hold Sell, to celebrate Livewire's 2025 Income Series kicking off, we're tackling one of the most beloved - and fiercely defended - corners of the Australian market: fully franked dividends. To help make sense of the dividend landscape in 2025 and beyond, Livewire's James Marlay is joined by two seasoned pros: Peter Gardner from Plato Investment Management and Hugh Dive from Atlas Funds Management. Together, they explore where the best income opportunities lie, what traps to avoid, and how to hunt for companies that deliver both yield and capital growth. You'll hear why traditional dividend darlings like CBA and Wesfarmers might not be pulling their weight anymore, why payout ratios matter more than ever, and how franking credits can offer crucial insight into a company's financial health. Plus, we get their verdicts on some of the most consistent dividend payers on the ASX – including Soul Patts, Charter Hall, and Steadfast Group - before each guest shares their top pick for income in 2025. If you're serious about dividends, you won't want to miss this one. Please note that this episode was recorded on July 16, 2025.
In this episode of The Greener Way, host Michelle Baltazar discusses the governance risks posed by AI with Elfreda Jonker from Alphinity Investment Management.They explore the impact of AI on cybersecurity and data privacy, as highlighted in Alphinity's latest sustainability report. The conversation covers the importance of a Responsible AI framework, how companies including Netflix and Wesfarmers address these risks, and the need for better investor disclosures by fund managers on how they tackle AI risks.01:38 Overview of Alphinity's Investment Management02:54 Highlights from the Sustainability Report04:20 What did Netflix do 08:35 AI as a governance risk11:09 Opportunities and challenges13:54 Conclusion Link: https://www.alphinity.com.au/This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
Wesfarmers CEO Rob Scott has competed on the world stage. So what did elite sport teach him about running billion-dollar brands like Kmart and Bunnings? Hear how Olympic discipline shaped his leadership style, why great teams (not great egos) matter most, and the investor advice he swears by: “When the horse is dead, get off.”This clip is from our previous episode 'The investment giant behind Kmart and Bunnings–Wesfarmers' Watch the full episode or catch more clips: http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.
Meet Wesfarmers, the Aussie conglomerate behind Kmart, Bunnings, and Target. Former Olympian turned CEO Rob Scott recounts their rise from WA farmer's co-op to global investment titan—and what comes next. What makes their "loose-tight" management philosophy work? What’s the secret to Kmart's repositioning—including global demand for in-house brand Anko? How can Wesfarmers’ retail brands protect their supply chains against tariffs and unstable geopolitics? In the wake of positive half-year results, hear about new ranges and markets for Bunnings and Kmart, and Rob’s high hopes for emerging divisions like healthcare and lithium. For more or to watch on YouTube—check out http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.
With Amazon launching a marketplace offering, could Wesfarmers, Harvey Norman and JB Hi-Fi be shaking in their boots? MARKET WRAP: ASX200: up 0.06% to 8,592 GOLD: $3,338 US/oz BITCOIN: $168,037 AUD An earnings guidance increase for BNPL company Zip helped its shares more than 15% higher. Monash IVF rebounded from yesterday’s drop, gaining 11% Fletcher Building told the market that it’s fielding inquiries on its business, helping it to lift 10% to $3.08. Qantas offloading JetstarAsia saw it down 1.3% to $10.50 on the day. Perseus Mining down 6% to $3.62. Xero down 2.3% and Technology One falling 3.8% Commbank losing 0.3%, with NAB down the same amount. CURRENCY UPDATE: AUD/USD: 65.2 US cents AUD/GBP: 48.3 pence AUD/EUR: 57 Euro cents AUD/JPY: 94 Japanese yen AUD/NZD: 1.08 NZ dollars See omnystudio.com/listener for privacy information.
"You know if you can secure their backing, that's incredibly empowering." - Alison WatkinsIn this candid conversation, seasoned director Alison Watkins pulls back the curtain on boardroom dynamics from both the CEO and director perspectives. Having been CEO at Coca-Cola Amatil, Graincorp, and Berri before transitioning to non-executive positions, Alison reveals the completely different experience of attending the same board meeting depending on your role. She discusses the unique pressures CEOs face, the challenge of measuring impact as a non-executive director, and why former CEOs must be careful not to cross operational boundaries. This episode offers valuable guidance for anyone involved in governance relationships._____________Follow Podcast Host Richard Conway on LinkedInFollow boardcycle on LinkedInVisit the boardcycle website
MARKET WRAP: ASX200: down 0.45%, 8348 GOLD: $3,334 US/ounce BITCOIN: $171,650 AUD BNPL pioneer Zip fell 6.5% to $1.87 after rival Klarna warned it was seeing more customers struggling to repay their loans. Wesfarmers expects losses in its lithium business, with shares down 1.2% to $83.90. Brent Crude fell back below $65 US a barrel, wiping 1.3% from Woodside and 0.9% from Santos. Rio Tinto CEO Jakob Stausholm will step down later in the year. Fortescue also announced aftermarket that its energy head Mark Hutchinson would exit the company after almost three years. SKS Technologies, soaring 21% after securing a $100 million contract for a data centre project. Northern Star Resources up 5.4% and Newmont 2.3% higher. Insurer IAG was up by 2.7% after the ACCC cleared the way for it to buy RACQ. See omnystudio.com/listener for privacy information.
Friday 23 May 2025 Federal Liberals and the Nationals hit pause on splitting the Coalition, as both sides scramble to find a compromise so the parties can remain together. And more, including: The housing market gets set for a big weekend after Tuesday’s interest rates cut. Wesfarmers’ big plans for Anko, the home brand at Kmart. Heavy rainfall triggers widespread floods in NSW The Enhanced Games – whereby athletes are encouraged to take performance enhancing drugs – kicks off. Join our free daily newsletter here! Book your free ticket to Fear & Greed’s first ever live show in Sydney on June 5, combined with the launch of Michael’s new novel All The Perfect Days. And don’t miss the latest episode of How Do They Afford That? - investing in volatile markets. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.
A credit rating downgrade of the US hurt the Australian share market, but how significant is it for investors? MARKET WRAP: ASX200: up 0.58%, 8343 GOLD: $3,229 US/ounce BITCOIN: $163,965 AUD Technology One, which posted a 33% increase in profit to $81.9 million, shares up 11.3% to $36.76. Wistech rising 2.7% and Life360 up 1.6%. Commbank again hitting fresh highs at $172.43. Wesfarmers, Goodman Group and Telstra all finished higher. Regis Resources down 1.1% to $4.55. Utilities stocks were lower again, with Origin, APA Group and AGL all down. Falling by more than 1% were Northern Star, Resmed and Fisher & Paykel Healthcare. CURRENCY UPDATE: AUD/USD: 64.2 AUD/GBP: 48 pence AUD/EUR: 57 Euro cents AUD/JPY: 93 yen AUD/NZD: 1.09 Dollars See omnystudio.com/listener for privacy information.
Gaming giant Aristocrat Leisure brought in a rise in profit, but the market was unimpressed by what it heard. MARKET WRAP: ASX200: up 0.13% to 8,279 GOLD: $3,254 US/oz BITCOIN: $159,417 AUD The Energy sector was the strongest with Brent crude back over $66 US a barrel. Woodside Energy were beneficiaries, up 3.4%, Life360 rose another 9.5% after its earnings yesterday. Up over 1% were Wesfarmers, REA Group and Brambles Aristocrat Leisure reported growth in revenue of 9% and a 6% lift in profit. Shares closed 8.9% lower to $62.10. Bain Capital withdrew its bid for Insignia Financial, seeing the wealth management company fall 15.8% to $3.37. CSL, Goodman Group and Transurban all down. CURRENCY UPDATE: AUD/USD: 65.0 US cents AUD/GBP: 48.7 pence AUD/EUR: 57 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.
The tech sector has slid this year, but with the Nasdaq rebounding strongly in recent weeks, is the tech sector back? MARKET WRAP: ASX200: up 0.69% to 8,126 GOLD: $3,295 US/oz BITCOIN: $148,074 AUD Tech stocks higher led by WiseTech Global – up 1% and TechnologyOne gaining 2.4% to $30.06. REITS were also solid, with Goodman Group up 1.9% and Westfield shopping centre landlord, Scentre gaining 1.7% to $3.62. Wesfarmers rose 1.6% and JB Hi-Fi added 0.7% per cent to close at $103.59. Commonwealth Bank and Westpac also increased by 2.2% and 1.6%. Champion Iron dropped by just under 1 per cent to $4.57 despite reporting a record quarter for sales, rising 18 per cent year-on-year to 3.5 million dry metric tonnes. Alcoa retreated by 1.7% to $38.95 after reporting Spain’s nationwide power outage on Monday had affected operations at one of its smelters. Origin fell 1.3% following their report of a decrease in LNG revenue. CURRENCY UPDATE: AUD/USD: 63.4 US cents AUD/GBP: 47.8 pence AUD/EUR: 55 Euro cents AUD/JPY: 90 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.
The shockwave from Donald Trump’s tariffs continue to hit Australian companies, with Lynas Rare Earths & Flight Centre getting different outcomes. MARKET WRAP: ASX200: up 0.36%, 7,997 GOLD: $3,330 US/oz BITCOIN: $148,492 AUD US tariffs updates had differing fortunes for Lynas Rare Earths and Flight Centre An update on tariff expectations also helped technical services company ALS to lift 3.9% to $16.36. Gains in the energy sector were led by Woodside, up 1.8%, Santos up 2.2% and Karoon Energy, up 2.2%. Up by more than 1% was NAB, Wesfarmers, and Transurban. Commonwealth Bank 1.1% lower. Telix Pharmaceuticals was the worst of the ASX 200, closing 6.6% lower to $26.68 Brambles finished down more than 5% to $19.83 CURRENCY UPDATE: AUD/USD: 63.70 US cents AUD/GBP: 48.1 pence AUD/EUR: 56 Euro cents AUD/JPY: 91 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.
Collins Foods will offload Taco Bell, but can it be blamed on the rise of Guzman y Gomez? MARKET WRAP: ASX200: up 0.17% to 7,761 GOLD: $3,246 US/oz BITCOIN: $135,130 AUD Collins shares down almost 8% to $8.00, while rival GYG falling 0.3% to $33.40. Evolution Mining hit a record high today up just under 4% to $8.21 CSL had a healthy day up 2.6% to $244.10 but still well off its 52 week high of $313.55. Resmed also a touch higher The big 4 banks were all higher led by Westpac up 0.8% to $30.76. BHP and RIO both up with Fortescue the standout up 0.8% to $15.32 Treasury Wine stocks fell 3.4% to $8.30. Wesfarmers marginally weaker to $74.21 Aristocrat Leisure also fell 1.2% to $62.21. Star Entertainment released its half year results, posting a loss of $300 million for the half. CURRENCY UPDATE: AUD/USD: 63.6 US cents AUD/GBP: 48.1 pence AUD/EUR: 56 Euro cents AUD/JPY: 91 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.
The Australian market added $100 billion in value, rising 4.5% as traders cheered on the paused US tariffs. MARKET WRAP: ASX200: up 4.54%, 7,709 GOLD: $3,142 US/oz BITCOIN: $132,279 AUD BHP rallied 5.4%, Fortescue gained 6.2%, Rio Tinto was up 6.4%, while Mineral Resources had its best day in a while, rising 18.1%. Wisetech rose 8%, Xero up another 6.2% and Life360 up almost 11%. Westpac climbed almost 5%, NAB lifted 4.9%, Commbank rose 3.6% and ANZ was up 3.5%. Telstra lifted 1.4%, Sigma Healthcare rose 2.4% and Wesfarmers gained 2.6% Contact Energy, the only company of the top 200 to finish down, lost 1.6% in trading to $8.08 a piece. Serko, down 8.8%, and Sylait Milk, losing 3.7%. CURRENCY UPDATE: AUD/USD: 61.4 US cents AUD/GBP: 47.7 pence AUD/EUR: 55 Euro cents AUD/JPY: 89 Japanese yen AUD/NZD: 1.08 NZ dollars See omnystudio.com/listener for privacy information.
China will not back down from US threats of further tariffs, with the trade war threatening to escalate further. MARKET WRAP: ASX200: up 2.27%, 7,510 GOLD: $3,022 US/oz BITCOIN: $130,534 AUD Cochlear told the market it would continue to maintain its duty-free status despite US tariffs, helping it to rise 1.2% to $256.36. Guzman y Gomez showed a gain in sales growth and across its US network, with shares up a tasty 3.7% to $31.10 Wisetech up over 5%, Xero 4.3% higher and Life360 up almost 8%. Fortescue up 3.5%, Wesfarmers rising 3% and CSL gaining 1.6%. Domain Holdings the worst of the Top 200 sliding 5.1% to $3.91. While Transurban was down 0.3% and James Hardie dropped 2.5%. CURRENCY UPDATE: AUD/USD: 60.6 US cents AUD/GBP: 47.5 pence AUD/EUR: 55 Euro cents AUD/JPY: 89 Japanese yen AUD/NZD: 1.08 NZ dollars See omnystudio.com/listener for privacy information.
Donald Trump’s tariffs shattered Wall Street, and have increased the threat of global recession, with global markets, including the ASX suffering. MARKET WRAP: ASX200: down 4.23%, 7,343 GOLD: $3,046 US/oz BITCOIN: $127,575 AUD Commbank down 6.2%, Westpac down 5.6%, NAB 4.5% and ANZ 4.8% Mineral Resources off 11.8%, South 32 down 7.8%, and BHP falling 6.1%. Woodside Energy announced it would sell a $9.5 billion stake in its Louisiana LNG export terminal, but with the Energy sector down, still lost 5.8% to $19.25. Santos was worse off, falling 9.8%. Telstra dropped just half a percent, Sigma Healthcare fell 2.4% and Wesfarmers sank 4.9% Abacus Storage King might have got away with one today, with shares surging more than 20% to $1.40 after a takeover offer worth almost $2 billion was hurled their way. Challenger rose 7% after it told the market life insurer, TAL Dai-ichi Life, would take control of 15.1% of the company. While also flying in the face of market fear were Reece, up 3.7%, Wisetech Global up 2.2%, and CAR Group, up 1%. Star Entertainment which agreed to hand control of the casino group to the US-based Bally’s Group in a deal worth $300 million CURRENCY UPDATE: AUD/USD: 60.08 US cents AUD/GBP: 46.7 pence AUD/EUR: 54 Euro cents AUD/JPY: 87 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.
James Hardie’s $14 billion deal wasn’t welcomed by the market, so was it done at the right time and for the right price? MARKET WRAP: ASX200: up 0.07%, 7,936 GOLD: $3,026 US/oz BITCOIN: $138,260 AUD Staples were down 1.7% Discretionary finished up 1.1%, with Wesfarmers, Aristocrat and Harvey Norman higher. The Lottery Corporation announced its CEO will step down at the end of the financial year, but shares managed to stay up 0.2%. NAB 2.2% higher, Westpac up 1.4%, Commbank 1.4% to the good, and ANZ up 0.8%. Going backwards by 26% was Helia which told the market its contract with Commonwealth Bank could expire by the end of the year. New Zealand-based Synlait Milk dropped 12%, despite posting a half-year net profit of NZ$4.8 million. Woolworths shedding 1.7% and Coles losing 2.1% CURRENCY UPDATE: AUD/USD: 62.89 US cents AUD/GBP: 48.6 pence AUD/EUR: 58 Euro cents AUD/JPY: 94 Japanese yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.
Chris has worked as an executive coach and trainer at the highest levels within brands such as Cisco, PwC, Twitter, Wesfarmers, Google, Microsoft, Apple, AWS Zoom and many more. He works across most industries and also with public figures, celebrities, and professional and Olympic athletes who rely on developing a strong personal presence. He's an ex-professional actor and coaches leaders who are both inspirational and real so they can win more business, build stronger relationships and motivate people into action. He's also a downhill skateboarder. Key Topics Authenticity in Communicating as a Leader: Business leaders can foster a stronger connection between staff or prospects when they are more authentic to themselves and engaged in motivating their teams. Don't start a business; create a movement. Chris encourages leaders not to start a business but to create a movement of people who will help share their skills and specialties. Everyone is brilliant. Business leaders can command attention and champion their businesses by being their most authentic selves rather than faking another personality. Resources: Chris's website (https://cmcglobal.com.au/home) Chris's LinkedIn (https://au.linkedin.com/in/chris-morsley-5093814) If you want to create a reliable cash flow for your business, I have some tools and resources that can help. Take the Profit Scorecard (3 minutes) and identify where you are leaking profit now – click here.
Global markets are in free fall, so should investors be worried or is this a correction that always had to happen? MARKET WRAP: ASX200: down 1.32%, 7,786 AUD: 62.84 US cents GOLD: $2,917 US/oz BITCOIN: $130,167 AUD The Dow Jones finished down another 1.1% overnight, with the S&P 500 and the Nasdaq both lower as well. The ASX 200 dropped 1.3% Utilities the only sector finishing higher, as eight of the eleven fell by more than 1%. CBA down 1.4%, Westpac down 2%, and NAB & ANZ down 2.1%. Shipbuilder Austal dropped 22% after announcing it had completed an institutional placement to raise $200 million. A share buyback of up to $400 million announced by mining infrastructure group Orica saw shares decline 1.3% to $16.68. Wesfarmers down 2.6%, Breville losing 2.7%, Flight Centre down 3.4%, and Super Retail 3.6% lower. Nickel industries jumped 8.3% to 65 cents a share. Telix Pharmaceuticals gained 1.7% to $27.07 A 2.1% lift for AGL. CURRENCY UPDATE: AUD/USD: 62.84 US cents AUD/GBP: 48.6 pence AUD/EUR: 57 Euro cents AUD/JPY: 93 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.
Tom Zaunmayr speaks to Sam Jones about Red Dog's vet Rick Fenny, who has built one of WA's most eclectic large family businesses. Plus: The last week for 2025 state election; Wesfarmers; and a Wembley building sale.
The Aussie market is down for the sixth time in seven sessions, with losses across tech, mining, and banking sectors. Investors are on edge ahead of Nvidia’s earnings and key U.S. inflation data, both of which could shake global markets. While energy stocks are mixed, Woodside is up despite a profit slump, and consumer discretionary stocks, including Wesfarmers, are dragging. Meanwhile, Zip has surged 17% after strong earnings, while Domino’s shares took an 11% hit after reporting a loss. With Aussie inflation data coming tomorrow and major earnings reports still to come, volatility remains high. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
Telstra has dialled up a net profit of just over $1 billion for the last six months after seeing growth in its mobile biz… and saying goodbye to Foxtel. Wesfarmers has seen its sales and earnings jump in the first half of the financial year thanks to its GOAT performers, Bunnings and Kmart. Nikola, the electric trucking startup, has filed for bankruptcy in the US after struggling to raise money… or find a buyer. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.
Whyalla steelworks gets a $2.4 billion bailout from the government; Wesfarmers profits on the back of Kmart & Bunnings gains; Telstra continues to dominate the telco market; Super Thursday sees 40 companies report; job market remains strong, with unemployment at 4.1%; could this very radio station be up for sale soon?; and Scott Phillips joins for the Market Wrap to explain the difference between net profit, underlying profit & EBITDA. Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
With Kmart & Bunnings under its wing, Perth-based conglomerate Wesfarmers has posted another solid first-half result on improved sales.See omnystudio.com/listener for privacy information.
The Aussie market suffered its third consecutive decline, with financial and energy stocks leading the losses. The financial sector, in particular, posted its worst drop of the year, driven by NAB’s disappointing quarterly report and CBA trading ex-dividend. Meanwhile, mineral resources plummeted over 20% after swinging to a major loss and cutting its iron ore guidance, while Santos slashed its dividend following a dip in profits. Looking ahead, investors are eyeing key jobs data and a massive reporting day featuring Rio Tinto, Telstra, and Wesfarmers, among others. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
The big banks have continued their stellar run, with a new record high for Commonwealth Bank helping the market back up today. MARKET WRAP: ASX200: down 0.61%, 8,378 GOLD: $2,760 US/oz BITCOIN: $163,460 AUD Commonwealth Bank shares hit a new all-time high, up an impressive 2.6% to $162.64. NAB up 2.5% to $40.38, Westpac rising 2.2% to $34.00, and ANZ 2.6% higher to $30.95. Macquarie Group was also higher. News Corp rose 5.8% to $56.28 after the media company reported second quarter revenues were up 5% Wesfarmers rose 3.2%, and Brambles 2.1%. Beach Energy’s shares dipped almost 5% to $1.44 despite the gas exploration company seeing earnings up 20% to $587 million. Pexa Group lost 3% after it said it expects a $15 million hit in its results. CURRENCY UPDATE: AUD/USD: 62.65 US cents AUD/GBP: 50.2 pence AUD/EUR: 60 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.
Trump’s tariffs tanked global markets, but could there be some ASX-listed entities that benefit from the global trade fall out. MARKET WRAP: ASX200: down 1.79%, 8,379 GOLD: $2,819 US/oz BITCOIN: $155,130 AUD Fisher & Paykel Healthcare said its cost pressures would increase from the Mexican tariffs, sending its shares down 7.4% to $31.80 CSL was down 1.8%, Pro Medicus fell 3% and Resmed dropped 3.1%. A reduction in full-year guidance from Westgold after slower-than-expected progress on its mines saw its shares losing 12.4% to $2.26 Fortescue down 4.4%, NAB shed 2.3% and Wesfarmers dropped 1.9%. KMD Brands rose 4.1% to 38 cents a share Regis Resources established a $300 million credit facility, sending its shares almost 2% higher. Telstra, Yancoal, and Seek swam against the tide to finish higher. CURRENCY UPDATE: AUD/USD: 61.40 US cents AUD/GBP: 49.9 pence AUD/EUR: 59 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.
Sigma Healthcare got a bump on the market as its merger partner Chemist Warehouse reported record sales. MARKET WRAP: ASX200: down 0.12%, 8,399 GOLD: $2,745 US/oz BITCOIN: $164,265 AUD Wisetech Global dropped half a percent, NextDC fell 7.2, while Goodman Group plunged 8.2%. Also tumbling were the energy companies – Origin down 3.4%, AGL down 2.3% and Yancoal off by 3.7%. Sigma Healthcare took off, as its merger partner Chemist Warehouse reported record sales. Shares were up 12.2% to $3.03. Consumer stocks were led higher by Wesfarmers rising 1.1% and Aristocrat gaining 4.2%. The Big Four banks all finished in the green - Westpac 1.2% higher – but Macquarie lost 1.5%. A warning by Nuix that it would post a half-year fall in earnings saw its shares dive more than 20% to $4.31. CURRENCY UPDATE: AUD/USD: 62.53 US cents AUD/GBP: 50.3 pence AUD/EUR: 60 Euro cents AUD/JPY: 97 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.
The guys discuss Wesfarmers $800 million Catch of the Day horror show – Adam argues the disaster should cost Rob Scott his job (Adir disagrees), Netflix incredible growth story, Bumble's founder returns but is the online dating business a goner and the brilliant execution of Bruce Buchanan at ROKT Thanks for listening! Join us on LinkedIn: https://www.linkedin.com/company/the-contrarians-with-adam-and-adir-podcast Subscribe on YouTube for all our video content: https://https://www.youtube.com/@ContrariansPodcast Follow us on Instagram: https://www.instagram.com/contrarianspod Follow us on TikTok: https://www.tiktok.com/@contrarianspod
Wesfarmers has announced it will be closing its e-commerce marketplace Catch after struggling with competition from Temu and Amazon Donald Trump and his wife Melania both launched crypto coins just before his inauguration - which now forms the majority of their wealth Sportsbet, the online gambling behemoth, is facing a class action after betters have lost millions of dollars on in-game bets _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.
Fini-backed Human submits $110m Wool Stores plan; Wesfarmers to shut down Catch; and WA Labor pledge $16m for Wildcats new home.
Nadia Budihardjo and Claire Tyrrell discuss WA's large format retail sector. Plus: Expected resource and energy export earnings drop; Flooding shuts Western Power office; and Wesfarmers to sell Coregas.
Join us for an inspiring conversation with Archie Norman, one of Britain's most influential businessmen and leaders. With a remarkable track record of transforming major companies, Archie has spearheaded some of the biggest business turnarounds in the UK and abroad, from leading the revival of Asda to overseeing global retail strategies for Coles Group. His leadership extends beyond business, having served as a Member of Parliament and playing a pivotal role in reshaping British politics.Archie's career spans top executive roles at Kingfisher, ITV, and Marks & Spencer, along with influential advisory positions at Wesfarmers, Global Counsel, and Lazard. His leadership insights and turnaround expertise have earned him numerous accolades, including the Institute of Turnaround Professionals Lifetime Achievement Award and the Sunday Times Businessman of the Year.Tune in to hear how Archie approaches leadership, builds world-class teams, and transforms underperforming companies into market leaders. Hosted on Acast. See acast.com/privacy for more information.
Wesfarmers is expected to generate around $6 billion in revenue this year via its health division because Aussies are getting… sicker. Google will be required to open up its app store to rivals so that its users can have more choice when downloading and using apps. The creator of popular video game Assassin's Creed, Ubisoft Entertainment, is considering going private after it lost close to half its market value this year. — Check out the Flux x Raiz Flux Academy this month Download the Raiz App - Investing made easy Download the free app (App Store): http://bit.ly/FluxAppStoreDownload the free app (Google Play): http://bit.ly/FluxappGooglePlayDaily newsletter: https://bit.ly/fluxnewsletterFlux on Instagram: http://bit.ly/fluxinstaFlux on TikTok: https://www.tiktok.com/@flux.finance—-The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.
Wesfarmers has seen its annual sales jump to more than $44 billion and it's putting a heap of praise on one particular business. Qantas has reported a 16% drop in its annual profit in its first annual update since new CEO Vanessa Hudson stepped in. Nvidia, the AI chipmaker, exceeded its quarterly guidance on all the key metrics… but its share price dropped more than 7%. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatworkDownload the free app (App Store): http://bit.ly/FluxAppStoreDownload the free app (Google Play): http://bit.ly/FluxappGooglePlayDaily newsletter: https://bit.ly/fluxnewsletterFlux on Instagram: http://bit.ly/fluxinstaFlux on TikTok: https://www.tiktok.com/@flux.finance—-The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.