AU
Business & Markets
Latest Australian business & markets news and updates
Business & Markets (ASX)
DroneShield Shares Plummet 16% Following ASIC Investigation into Past Disclosures
DroneShield Ltd is assisting ASIC with an investigation into market announcements and director share trading from November 2025, leading to a 16% share price drop.
Business & Markets (ASX)
Metcash upgrades profit guidance following strong second half performance
Metcash Ltd has upgraded its FY26 underlying NPAT forecast to between $268 million and $270 million, leading to a 10% share price surge. The upgrade follows strong performance in Food, Liquor, and Hardware divisions alongside effective cost-saving measures.
Business & Markets (ASX)
WiseTech Global Shares Decline Amid Geopolitical Tension and Market Volatility
WiseTech Global shares closed down 4.63% at A$42.27 on May 10, 2026, amid geopolitical tensions and market volatility. Despite a 40% year-to-date decline, the company has reaffirmed its FY26 revenue guidance of up to US$1.44 billion.
Business & Markets (ASX)
Coles Group Records $10.7 Billion in Third Quarter Sales Amid Rising Operational Costs
Coles Group reported a 3.1% increase in total sales to $10.7 billion for the third quarter of 2026, supported by a 24.8% jump in eCommerce revenue and 4.0% growth in supermarkets.
Business & Markets (ASX)
ASX 200 Plunges on Global Hostilities and Inflation Fears, Wiping $50 Billion
The S&P/ASX 200 Index dropped 1.51% on Friday, wiping $50 billion in value as US-Iran hostilities pushed Brent crude oil above $100 a barrel. Major banks and energy stocks fell sharply amid renewed global inflation fears and concerns over future RBA interest rate hikes.
Business & Markets (ASX)
Macquarie Group Reports Strong FY26 Profit Growth, Outpacing Market
Macquarie Group has delivered a record-breaking A$4.85 billion net profit for FY26, a 30% increase driven by a surge in its commodities and global markets division. Shareholders will receive a total dividend of A$7.00 per share following a record second-half performance.
Business & Markets (ASX)
ASX 200 Rallies as Global Peace Hopes Ease Oil Prices While Tabcorp Faces AUSTRAC Probe
The ASX 200 rose by up to 1% on Thursday as oil prices fell sharply on hopes of a US-Iran peace deal. However, Tabcorp shares crashed 25% following the announcement of a new AUSTRAC enforcement investigation.
Business & Markets (ASX)
Australian Shares Set for Positive Open Following Wall Street Records
ASX 200 futures indicate a higher open on Wednesday following record-high closes for the S&P 500 and Nasdaq. Easing oil prices and strong technology earnings from AMD and Palantir are driving global market optimism.
Business & Markets (ASX)
Qualitas Limited Reaffirms FY26 Guidance and Outlines $10.9 Billion Investment Strategy
Qualitas Limited has reaffirmed its FY26 profit guidance of $60 million to $66 million while reporting a significant increase in capital deployment. The company now manages $10.9 billion in committed funds, with a heavy focus on Australian commercial real estate private credit.
Business & Markets (ASX)
Telix Pharmaceuticals Leads List of Most Shorted ASX Shares in May 2026
Telix Pharmaceuticals, Domino's Pizza, and Polynovo top the list of the most shorted shares on the ASX as of May 4, 2026, according to the latest ASIC data.
Business & Markets (ASX)
ASX 200 Snaps Eight-Day Losing Streak as Mining Giants Lead Rebound
The ASX 200 ended its longest losing streak since 2018 on May 1, 2026, rising 0.74% to 8,729.80 points as BHP and Rio Tinto led a materials sector recovery.
Business & Markets (ASX)
Australian Fast-Food Stocks Slump as Cost-of-Living Pressures Erode Discretionary Spending
Shares in Domino’s and Collins Foods have seen sharp declines as Australian inflation hits 4.6% and high interest rates squeeze household budgets, forcing a pullback in discretionary spending.
Business & Markets (ASX)
Woolworths Sales Exceed Expectations as Inflation and Fuel Costs Weigh on Outlook
Woolworths Group reported Q3 sales of A$18.10 billion, beating expectations, but shares dropped nearly 10% as the company warned that rising fuel costs and geopolitical tensions will impact profit margins.
Business & Markets (ASX)
ASX 200 Records Tenth Consecutive Day of Losses as Inflation Fears Mount
The S&P/ASX 200 index has recorded its tenth consecutive day of decline, closing at 8,652.1 points as Australia's inflation rate surged to 4.6% in March. The prolonged downturn, driven by energy supply shocks and RBA rate hike fears, marks the longest losing streak for the index since mid-2022.