(Reuters) - Australia's biggest banks are likely to report weaker first-half profit as high operating costs and competition to sell mortgages and deposits squeeze margins, setting up a possible reversal of a stock rally that analysts said has left the sector overheated. Traditionally beneficiaries of rising interest rates, the country's so-called Big Four lenders have instead spent the past year...

(Reuters) -Australia's Qantas Airways ( QUBSF ) said on Wednesday it was investigating issues impacting its frequent flyer application, after media reports suggested there was a data breach allowing users access to other passengers' travel information. Multiple local media outlets, citing Qantas customers, are reporting that some users can see strangers' full travel information, with at least one user being...

(Reuters) -Australian retailer Woolworths said on Wednesday that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The sale will happen via a block trade at a price of A$5.22 per share, Australia's largest supermarket operator said, adding that it would now own...

05:43 PM EDT, 04/30/2024 (MT Newswires) -- CCC Intelligent Solutions ( CCCS ) reported Q1 adjusted net income late Tuesday of $0.09 per diluted share, up from $0.07 a year earlier. Analysts surveyed by Capital IQ forecast $0.08. Revenue for the quarter ended March 31 was $227.2 million, up from $204.9 million a year earlier. Analysts polled by Capital IQ...