Company News

Supermarket giant Woolworths will begin consulting with segments of its 10,000 corporate workers today, with plans to offshore hundreds of roles to Asia. The Australian share market has begun its day relatively flat.

It will shut its 62 company-owned stores in the coming weeks and working through "transitional arrangements" with 27 stores owned by franchises, with hundreds of staff facing redundancy.

The local share market lost ground after returning from a public holiday. NAB economists think the next RBA rate move is down. Look back on the day's financial news and insights from our specialist business reporters on our live blog.

A cloud hangs over the future of the famous Barossa brand as its maker, Treasury Wine Estates, looks to cull more than half of its labels.

ASIC tells Senate estimates it has eight active contracts with KPMG, despite the company facing an audit scandal. Meanwhile, the ASX lost ground. Catch up on the day's events and insights in our live markets blog.

RBA Governor Michele Bullock has told Senate estimates that "practically no-one is in negative equity". Meanwhile, the ASX remains in the red. 

One of the world's biggest gambling companies is breaking into the 'rewards club' scene, raising the alarm among anti-gambling advocates.

A big exploration push by Australia's biggest gold miner, Northern Star Resources, has grown the reserves at the Super Pit by 54 per cent in the past six years.

Australia's economy expanded 0.3 per cent in the first quarter of 2026, taking the annual growth rate to 2.5 per cent, the ABS says. The ASX rose. Look back on how the session unfolded.

Millions of workers will get a 4.75 per cent pay rise after Fair Work raised modern award wages above the rate of inflation. Catch up on the day's financial news and insights from our specialist business reporters on our blog.

The company says it wants a "globally connected team", but disgruntled staff say plans to offshore jobs is about replacing them with cheap labour.

Auction clearance rates have fallen to levels not seen since the 2022 housing downturn. The ASX closed up 1.6 per cent on hopes of a Middle East peace deal. 

The Australian share market traded lower while the federal government proposed tougher scam laws targeting tech giants. 

The BBC reported Albert Manifold's departure followed concerns about "bullying" and "overbearing" behaviour, which he later described as a "false narrative".

Shares climbed on the ASX after softer than expected inflation figures sent market bets of a June rate rise to less than 10 per cent.

For a company that prides itself on digging out the metals for the world's clean energy future, saying nothing about its own clean energy future is not an option.

The local share market is in the red, while shares in stock exchange operator ASX Ltd have tumbled on a trading update. 

Australian markets have risen this morning, with Guzman Y Gomez surging on news it has pulled out of the US market.

Elon Musk's sprawling space exploration company, which also owns Starlink and xAI, was valued at $US1.25 trillion ($1.75 trillion) earlier this year, meaning Musk could become the world's first trillionaire if the offering goes ahead at that valuation.

Optus' owner Singtel says it is looking to sell a minority stake in it. And the jobless rate has jumped to 4.5 per cent, raising expectations the RBA may pause its interest rate hikes in June. Look back on the day's market activity in our blog.