The Australian share market surged to fresh record highs on Thursday, lifted by results from Westpac and gains across the Utilities and Financial sectors. The S&P/ASX 200 climbed 46.70 points, or 0.53%, to 8,873.80, with eight of the 11 sectors posting gains. Utilities led the charge, driven by a 6.3% rise in Origin Energy after reporting a 26% increase in full-year core net profit. Finan
Mega super fund, Australian Retirement Trust, is currently pushing for super industry reforms which revolve around some proposed “soft default” retirement product solutions with added flexibility and personalisation. While the notion of “soft default” retirement options is far from new, it’s not well understood by investors. Basically, the cohort arguing the need for “soft default” retirement p
Resale profits in Sydney, Brisbane and Adelaide are the highest amongst the Australian capital cities according to new data. The Domain Profit & Loss Report shows that this increase was driven by median resale prices in Sydney, which has the highest median price of A$700,500 and Brisbane and Adelaide, with median prices reaching A$480,000 and A$430,000, respectively. Unit resale prices varie
Azzet reports on three stocks with market-moving updates to share today. Battery age Minerals soars after updating on Falcon Lake Shares in Battery Age Minerals (ASX: BM8) were up around 16% at the open after the ASX small cap miner confirmed significant concentrations of critical metals—rubidium (up to 11,400 ppm), caesium (up to 2,600 ppm), tantalum (up to 2,300 ppm), and gallium (up to 95.6 p
Telecommunications giant Telstra has formed a strategic partnership with technology consulting business Infosys through the sale of 75% of digital transformation company Versent Group for A$233 million (US$152 million). The company said the partnership was part of Telstra’s Connected Future 30 strategy to focus on core connectivity and consistent with the reset of its Enterprise business. Th
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The European Union will be rolling out a new digital border control system in October that will replace the manual stamping of passports. The new “Entry/Exit System” (EES) will include automated registration for msot travellers outside of the EU. The initiative has been pushed back many times, as it is nationally scheduled to start in 2022, but is now set to be rolled out over a period of si
Tencent reported revenue growth across segments last quarter, as it seeks to increase its use of artificial intelligence. Revenue rose by 15% year-over-year to CN¥184.5 billion (US$25.7 billion, A$39.3 billion), passing LSEG estimates of ¥178.5 billion. Gross profit was up 22% to CN¥105.0 billion. “During the second quarter of 2025, we delivered double-digit revenue and non-IFRS operating pr
Origin Energy beat profit estimates last fiscal year, as its gas segment’s earnings growth offset a decline in energy. Statutory profit was A$1.48 billion, up from $1.40 billion year-over-year. Underlying profit grew from $1.18 billion to $1.49 billion, beating Visible Alpha estimates of $1.46 billion. “Origin’s FY25 financial and operational performance underscores the strength of our portf
Westpac Banking Corp has announced a 14% increase net profit after (NPAT) for the third quarter of the 2025 financial year (FY25). The Big Four bank said statutory NPAT was A$1.9 billion (US$1.2 billion) in the three months to 30 June 2025. NPAT excluding notable items related to hedging rose 8% to $1.9 billion on net operating income which increased 4% to $5.7 billion. Net interest incom
Homewares company Temple & Webster reported record financial results in fiscal 2025, including a 532.8% jump in net profit after tax. The company reported net profit after tax of A$11.3 million, greatly surpassing the A$1.8 million it reported in FY24. Revenues for the company also grew 20.7% from A$497.8 million in FY24 to A$600.7 million in FY25 and increased its share in the Australian fu
