Australia Breaking News

Ramsay Health Care (ASX:RHC) reported a full-year net profit after tax of $329.2 million for the twelve months ended June 30.

Infant formula maker Bubs Australia (ASX:BUB) reported a 9.2% rise in full-year revenue to $111.9 million for FY26.

South32 (ASX:S32) reported a 410% increase in profit after tax attributable to members to US$1.01 billion for the year ended June 30.

Retail conglomerate Wesfarmers (ASX:WES) reported a statutory net profit after tax of $2.87 billion for the year ended June 30.

IGO (ASX:IGO) returned to profitability in FY26 by reporting a net profit after tax of $145 million following a previous $955 million loss.

Mineral Resources (ASX:MIN) reported a record statutory net profit after tax of $1.2 billion for the full year ended June 30.

Macquarie Group (ASX:MQG) has cancelled plans to award its $95 million annual audit contract to KPMG.

Macquarie Technology (ASX:MAQ) posted EBITDA of $115.9 million for the year ended June 30.

Kevin Ooley, the incoming CEO of DataBank and current CFO, joined the program to discuss critical issues surrounding the expansion of data centers. Operating over 70 data centers across more than 25 markets, DataBank faces significant challenges related to power availability and infrastructure. He speaks with Romaine Bostick & Mandeep Singh on "The Close."

Aswath Damodaran, Professor of Finance at NYU Stern School of Business, discusses the evolving landscape of AI investments following Nvidia's latest earnings report. He describes the current phase as AI's "bar mitzvah moment," where investors are shifting from valuing companies based on future promises to requiring concrete evidence of progress. He speaks with Romaine Bostick & Mandeep Singh on "The Close."

Jack Ablin, Founding Partner and Chief Investment Strategist at Cresset, a $260 billion family office, joined the discussion to provide insights on Nvidia's recent stock performance. Ablin also touched on Nvidia's recent earnings report and a significant data center lease agreement with terms of 15 years, indicating strong business fundamentals supporting the company's outlook.. He speaks with Romaine Bostick on "The Close."

Steve Case, Revolution Chair & CEO, & AOL Co-Founder, reflects on the evolution of community building from the early days of AOL's digital chat rooms to today's increasing demand for real-world connections. He highlights how the rise of AI and digital interactions has sparked renewed interest and investment in physical communities, particularly in real estate and hospitality sectors. He speaks with Romaine Bostick on "The Close."