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Top related persons:
Banks - 1 Matt Comyn - 1 Comyn - 1 Australia's - 1 Byron Kaye - 1 Sameer Manekar - 1 Anil D'Silva - 1 Stephen Coates - 1
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COVID Sydney Bengaluru
Top related orgs:
CBA - 1 SYDNEY - 1 Commonwealth Bank of Australia - 1 Citi - 1 National Australia Bank - 1 Westpac - 1 ANZ Group - 1 Thomson - 1

Search resuls for: "Byron Kaye Sameer Manekar"


2 mentions found


☆ Australia's CBA posts record FY profit, says arrears rising amid cost pressure
  + stars: | 2023-08-09 | by ( Byron Kaye Sameer Manekar | Byron Kaye | Sameer Manekar | ) www.reuters.com   time to read: +3 min
Banks now must sacrifice profit to keep customers who are struggling to make repayments on time. Cash profit for the year ended June 30 rose 6% to A$10.16 billion, slightly ahead of analyst forecasts, but CBA put aside $A1.47 billion more in provisions due to "ongoing cost of living pressures and rising interest rates". CBA stopped offering cash payments for mortgage refinancings to lure new borrowers in June, which CEO Matt Comyn said had "weighed on our market share". CBA's mortgage book grew in line with the total market in 2023. The number of borrowers struggling to repay loans, while rising, remained below pre-pandemic levels "but these figures will rise", Comyn said.
Persons: Banks, Matt Comyn, Comyn, Australia's, Byron Kaye, Sameer Manekar, Anil D'Silva, Stephen Coates, Jamie Freed Organizations: CBA, SYDNEY, Commonwealth Bank of Australia, Citi, National Australia Bank, Westpac, ANZ Group, Thomson Locations: COVID, Sydney, Bengaluru
☆ Australian grocer Woolworths says inflation is spurring in-home dining
  + stars: | 2023-02-21 | by ( Byron Kaye Sameer Manekar | Byron Kaye | Sameer Manekar | ) www.reuters.com   time to read: +2 min
Woolworths and smaller rival Coles Group Ltd (COL.AX) have experienced wild swings in Australian consumer behaviour since COVID-19 lockdowns in 2020 sparked grocery stockpiling. As with Coles' interim result reported on Tuesday, the Woolworths profit gain was helped by a sharp decline in COVID-19 related expenses. Woolworths shares were up 2% by midsession, against a 0.3% dip in the broader benchmark(.AXJO), as analysts cheered the prospect of profit margin growth at a company exposed to rising supply costs. "Momentum in the key Australian Food business remains solid, with sales growth rates better than expected in early 2H23," E&P Financial retail analyst said Phillip Kimber in a client note. Woolworths declared an interim dividend of 46 Australian cents per share, compared with 39 Australian cents a year earlier.
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