50m agoMon 18 Aug 2025 at 9:41pmMarket snapshotASX 200 futures: -0.3% to 8,874 pointsAustralian dollar: +0.9% to 64.92 US cents Dow Jones: -0.1% to 44,911 pointsS&P 500: -0.01% to 6,449 pointsNasdaq: +0.03% to 21,629 pointsFTSE: +0.2% to 9,157 points EuroStoxx: +0.1 to 554 points Spot gold: -0.1% to $US3,332/ounce Brent crude: +0.9% to $US66.41/barrel Iron ore: +0.02% to $US101.59/tonne Bitcoin: -0.8% to $US116,578
ASX 200 futures: -0.3% to 8,874 pointsAustralian dollar: +0.9% to 64.92 US cents Dow Jones: -0.1% to 44,911 pointsS&P 500: -0.01% to 6,449 pointsNasdaq: +0.03% to 21,629 pointsFTSE: +0.2% to 9,157 points EuroStoxx: +0.1 to 554 points Spot gold: -0.1% to $US3,332/ounce Brent crude: +0.9% to $US66.41/barrel Iron ore: +0.02% to $US101.59/tonne Bitcoin: -0.8% to $US116,578Prices current around 7:45am AEDT.
Live updates on the major ASX indices:
5m agoMon 18 Aug 2025 at 10:26pm
BHP results out
Our mega-miner has just released its financial results for the financial year to June 30, 2025.
Interesting but notable, the first thing noted on the report is that “no-one lost their life on the job at BHP”.
(All figures are in US$)
Revenue: $51.3 billion, down 8%Attributable profit: $9 billion, up 14%Underlying EBITDA: $26 billion, down 10%Adjusted effective tax rate: 37.2%, up 5 percentage pointsFinal dividend: 60 cents6m agoMon 18 Aug 2025 at 10:25pmBHP profit up 14 per cent
Mining giant BHP has reported is full-year results, with net profit up 14 per cent to $US9.02 billion ($13.9 billion)
Revenue was down 8 per cent in the year.
Shareholders will receive a final dividend of 60 US cents (down from 74 US cents a year earlier).
13m agoMon 18 Aug 2025 at 10:18pmCSL announces $750 million share buyback
As Dan reported, CSL has announced plans to return more cash to shareholders, recommencing its share buyback program.
“This will be a multi-year, on-market share buyback, starting with $750 million in Financial Year 2026, and is expected to progressively increase over the medium-term,” the company’s statement said.
“The program will enhance capital efficiency and improve shareholder returns.”
That’s in addition to a final dividend of $US1.62 per share.
29m agoMon 18 Aug 2025 at 10:01pm
CSL revenue and income just under estimates, 15% of staff to go
OK, the headlines from the CSL results out just now, the blood products giant announcing some big news.
Huge job cuts, spinning off a division, mega-money.
Results figures are in US dollars.
Financial year adjusted adjusted net income $3.3 billionFinancial year revenue $15.5 billion versus IBES estimate $15.7 billionFinancial year net income $3 billion versus IBES estimate $3.17 billionLong-term outlook for CSL’s therapies and vaccines remains “distinctly positive” according to LSEGFinancial year 2026 group revenue growth to be approximately 4-5% Final dividend will be (Australian dollar) $1.62 per share”Net headcount reduction of up to 15%” of CSL’s employee baseFinancial year 26 will recommence a share buyback program, starting with $750m One-off restructuring costs expected to be $700-$770 million (pre-tax) to be recognised in financial year 2026Cash flow impact is expected to be $400-$450 million in financial year 2026
Intention for CSL Seqirus to be demerged as a “substantial ASX-listed entity” before the end of financial year 202635m agoMon 18 Aug 2025 at 9:56pmCSL to spin off flu vaccine business, cut jobs
Australian health care giant CSL has revealed plans to spin off its influenza vaccine business by the end of the current financial year.
The company says it intends to demerge CSL Seqirus into its own “substantial” ASX-listed entity in the next 12 months.
CSL has also announced an up to 15 per cent reduction in the size of its workforce.
37m agoMon 18 Aug 2025 at 9:53pm
Big results due today: BHP, CSL and Woodside
Two of Australia’s three biggest companies report today: miner BHP and blood products innovator CSL.
(The Commonwealth Bank is our biggest company – they reported last week)
Big day for blue chips because BHP, CSL and energy producer Woodside — are opening up their books.
Here’s the summary my colleague Stephen Letts gave yesterday.
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BHP and Woodside are expected to entrench one of the big themes of this reporting season; the sliding returns from the big commodity plays, while CSL should show its steady growth in earnings is continuing.
The consensus view is that BHP will report a roughly 25% fall in net profit to $US10.2 billion, with higher earnings in copper not covering lower iron ore returns.
Dividends are expected to be cut by about a third.
Woodside profit is expected to drop from $US2.9 billion last year to around $US2.1 billion and the full-year dividend is likely to be down around 25%.
The story at CSL is likely to be a bit different
Net profit should push through $US3 billion.
CSL has never been a massive dividend payer — preferring to put money away into R&D rather than showering shareholders with cash — but dividends are expected to be $US2.96 per share, up from $US 2.64 per share last year on a slightly higher yield.
Given President Trump’s threats to big pharma on “most favoured nation” drug pricing, CSL’s commentary on US regulatory threats will be worth a listen.
UBS has estimated that CSL’s future earnings could suffer a 5% to 22% hit, depending on the regulatory outcome.
1h agoMon 18 Aug 2025 at 9:14pmEconomic Reform Roundtable kicks off
There’s no shortage of ideas ahead of this week’s much talked about Economic Reform Roundtable in Canberra. The federal government’s received nearly 900 submissions from experts, industry leaders and individuals.
I spent the end of last week putting together this package that looks at what’s happening from today to Thursday.
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There’s lots in it.
The Productivity Commission chair Danielle Wood wants ministers to think more about boosting economic growth and reducing regulation.
Treasurer Jim Chalmers says the three days is about building consensus, with a primary focus on productivity to lift living standards.
The Prime Minister Anthony Albanese says there’s a range of things that can be done immediately, while others will be for the longer term.
We already have some idea of what the outcomes might be after leaked Treasury documents suggested a freeze on changes to building rules, the National Construction Code, and using artificial intelligence to speed up housing and environmental approvals.
As the meeting has drawn closer, we’ve had public spats about the four-day working week, tax reform and the impact on workers from AI.
Productivity Commission estimates AI could add $116 billion to the Australian economy in a decade.
But there are a lot of issues. One that popped up a few times is Australia’s expensive property market.
An interesting point to think about.
Indeed senior economist Callam Pickering notes job-switching is at decade-lows.
Why? People with large mortgages can’t take risks with their careers because they need to make sure they pay their home loan off, which might take 20 or 30 years.
It’s lowering mobility. We’re literally stuck.
Let’s see if we get some answers — or at least direction — this week.
1h agoMon 18 Aug 2025 at 9:13pmGood morning!
Hello, I’m Daniel Ziffer from the ABC business team and I’ll be taking you through the morning on our business, finance and economics blog.
Overnight, Wall Street indices were mixed but essentially flat.
The blue-chip Dow Jones of 30 mega-companies like Boeing and Visa was -0.1% to 44,911 points.
The broader S&P 500 that covers 500 of the largest listed companies in the US -0.01% to 6,449 points.
The tech-heavy Nasdaq was +0.03% to 21,629 points.
These numbers are live, and trading is continuing, we’ll update you when there’s a firm closing price.
Our market is set to slide with the ASX 200 futures index tipping a fall of -0.3%, or 23 points to 8,874 points.
There’s lots to get to, all of it news, analysis and information and none of it financial advice.
Let’s get started!
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