Share investors are braced for a week of earnings that will show the impact of rising labour, debt and supply chain costs on corporate Australia’s profits.
Futures point to a flat start on Monday, despite energy prices falling Friday, with benchmark WTI oil down 2.8 per cent to $US76.33 a barrel.
The airline has guided for a record underlying pre-tax profit of up to $1.45 billion in the first half. “But listed airlines offshore are struggling and it’s only a matter of time before international carriers put routes back into Australia and put pressure oversized profits at Qantas international,” said Mr Braitling.
“It takes two years for the full impact of policy tightening to play out in the economy, as we are STILL tightening the full effect of the increases slated for the months ahead will not be felt until well into next year,” he said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSW government in disarray weeks from election as scandals snare MPsBreaking: NSW Finance Minister Damien Tudehope has resigned from cabinet amid revelations he held shares in tolling giant Transurban
Read more »
South Australia is set to ban rent bidding, but is there even a point?Another state has announced a ban on rent bidding with the aim of relieving some rental stress - but other jurisdictions have lessons to share.
Read more »
Floods tore this community apart. Interpretive dance and a Gloria Gaynor song brought it back togetherAfter record-breaking flooding, members of Lismore's queer community found healing in the lyrics of a 1978 camp classic and a 'safe space' to share their trauma.
Read more »
Bruce Willis diagnosed with dementia, says familyFamily of Die Hard and Pulp Fiction actor, 67, releases statement to share diagnosis following acting retirement owing to aphasia
Read more »
‘Hoping to make some change’: Paralympian tells her ‘horror stories’ as an athleteParalympian Champion Ellie Cole discusses the “horror stories” athletes experience during their careers in hopes of making “some change” for future athletes. “A lot of athletes retire at the end of an Olympic or paralympic cycle and have an opportunity to reflect, and unfortunately for most of us, we have some horror stories from our career,” Ms Cole told Sky News host Erin Molan. “I did want to be very honest and candid and share those stories with Australia and hoping to make some change.”
Read more »
Reserve Bank of New Zealand tipped to lift cash rate to 4.75pcThe 50 basis point increase would equal an easing from 75 basis points in November as the RBNZ battles to contain soaring food prices.
Read more »