
NAB profit increases on lending growth
National Australia Bank has lifted first-half cash earnings by 4.1 per cent to $3.38 billion, a result slightly ahead of an analyst’s expectations.
National Australia Bank has lifted first-half cash earnings by 4.1 per cent to $3.38 billion, a result slightly ahead of an analyst’s expectations.
ANZ’s half-year cash profit fell 3 per cent to $3.1 billion compared with the December half as the bank warned that the economic environment was “very different” and may require an adjustment in risk appetite and investment priorities.
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QIC has entered a renewable energy deal worth up to $500 million that would lead to big cuts in greenhouse gas emissions and and accelerate the greening of the electricity grid.
Suncorp has received 5000 insurance claims so far from the flooded areas of south east Queensland and northern New South Wales.
BHP has produced a $US9.4 billion ($A13.9 billion) half year profit and will splash investors with a record dividend payout, but costs are blowing out.
The State Government has called in the Queensland Competition Authority to figure out how electric vehicle owners can recharge their cars without using coal or gas-fired energy.