The Australian share market has rallied as Middle East tensions ease, with Iran's retaliation against the US largely symbolic and news of a ceasefire between the Islamic Republic and Israel.
Challenging market conditions, and significant impairments with its KFC Netherlands operations, led to ASX-listed Collins Foods' statutory profit down 88.5 per cent in FY25.
Wall Street rallied overnight as prospects of the US Federal Reserve cutting interest rates as early as July offset uncertainty about turmoil in the Middle East.
Discount electronic and whitegoods retailer The Good Guys will pay almost $14 million, under an agreement with the competition watchdog to resolve federal court proceedings.
Australia's share market has given up a five-week winning streak, as investors grapple with military conflict, global growth concerns and lofty valuations.
Global stocks fell overnight and the dollar rose as investors, concerned over the United States' possible entry into the Israel-Iran air war, seek safe-haven assets and ditch riskier ones.
Australian shares have edged lower as the Israel-Iran conflict weighed on confidence, while interest rate-sensitive stocks improved on the back of a cooling labour market.
National Australia Bank has been fined $751,200 by the Australian Competition and Crime Commission in relation to alleged breaches of consumer data right rules.
Australia's share market has started the week almost flat, amid escalating conflict in the Middle East, soaring oil prices and the return of inflation risks.
There are calls for a defence contingency plan to be put in place after the government played down a US administration review of the AUKUS submarine pact.
Wall Street ended sharply lower on Friday after Iran launched missiles at Israel in response to intensive Israeli strikes aimed at crippling Iran's ability to build nuclear weapons.
