logo
Telstra Plans Additional Share Buyback of Up To $654 Million

Telstra Plans Additional Share Buyback of Up To $654 Million

Bloomberg13-08-2025
Telstra Group Ltd. will repurchase as much as A$1 billion ($654 million) of its stock on market, building on a A$750 million buyback completed in June, as Australia's biggest phone company looks to return more cash to investors.
The program, expected to start after Sept. 8, comes on the back of earnings growth and a strong balance sheet, Chief Executive Officer Vicki Brady said in a statement Thursday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mexican fast-food chain Guzman Y Gomez's annual profit beats estimates
Mexican fast-food chain Guzman Y Gomez's annual profit beats estimates

Yahoo

time3 minutes ago

  • Yahoo

Mexican fast-food chain Guzman Y Gomez's annual profit beats estimates

(Reuters) -Mexican fast-food chain Guzman Y Gomez reported a better-than-expected annual net profit and declared its first-ever dividend on Friday, as its restaurant pipeline continued to strengthen in key markets including Australia. The firm reported net profit after tax of A$14.5 million ($9.31 million), compared to A$5.7 million last year and above the Visible Alpha consensus estimate of A$13.5 million. GYG announced a payout of 12.6 Australian cents per share. ($1 = 1.5569 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

NZ business will get used to global uncertainty, RBNZ economist says
NZ business will get used to global uncertainty, RBNZ economist says

Yahoo

time3 minutes ago

  • Yahoo

NZ business will get used to global uncertainty, RBNZ economist says

By Lucy Craymer WELLINGTON (Reuters) -The hit to New Zealand confidence caused by global uncertainty will fade as businesses get used to a time of heightened economic policy unpredictability, the chief economist at the country's central bank said on Friday. Paul Conway, chief economist at the Reserve Bank of New Zealand, said the confidence shock will pass and business will 'just get on with it.' "I fully expect uncertainty to persist into the future but to some extent, we get used to it,' Conway told Reuters in an interview. "We can't sort of wait and see what's going to happen…forever," he said. He added the central bank's decision to cut the cash rate by 25 bps this week to 3.0% and flag further cuts was encouraging businesses to get on with it. At its decision on Wednesday, the central bank highlighted weakness in both consumer and business confidence and the impact that this was having on spending as being one factor of concern for the economy. Governor Christian Hawkesby has said the impact of this uncertainty had been greater than the bank thought. The U.S. has placed a 15% tariff on goods being imported from New Zealand, which was worse than the 10% initially signalled but not as bad as many other trading partners. Conway said the changes to tariff rates were creating uncertainty and that is like 'another shock on top of the tariff in the first place.' 'Those types of factors are ... causing businesses to be a little more reticent, households to be a little more reticent and that's perfectly rational,' he said. The central bank decision to cut by 25 bps was not unanimous with two of the six board members voting to cut by 50 bps. Conway said one member was "particularly keen" on a hold but ultimately the committee decided only to vote on cutting. He said the member thought a hold at 3.25% might be a good idea as high frequency indicators were showing some improvement and inflation is nearing the top of the target range. The member was concerned it "could sort of morph into more persistent inflation pressure," he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

NZ business will get used to global uncertainty, RBNZ economist says
NZ business will get used to global uncertainty, RBNZ economist says

Yahoo

time33 minutes ago

  • Yahoo

NZ business will get used to global uncertainty, RBNZ economist says

By Lucy Craymer WELLINGTON (Reuters) -The hit to New Zealand confidence caused by global uncertainty will fade as businesses get used to a time of heightened economic policy unpredictability, the chief economist at the country's central bank said on Friday. Paul Conway, chief economist at the Reserve Bank of New Zealand, said the confidence shock will pass and business will 'just get on with it.' "I fully expect uncertainty to persist into the future but to some extent, we get used to it,' Conway told Reuters in an interview. "We can't sort of wait and see what's going to happen…forever," he said. He added the central bank's decision to cut the cash rate by 25 bps this week to 3.0% and flag further cuts was encouraging businesses to get on with it. At its decision on Wednesday, the central bank highlighted weakness in both consumer and business confidence and the impact that this was having on spending as being one factor of concern for the economy. Governor Christian Hawkesby has said the impact of this uncertainty had been greater than the bank thought. The U.S. has placed a 15% tariff on goods being imported from New Zealand, which was worse than the 10% initially signalled but not as bad as many other trading partners. Conway said the changes to tariff rates were creating uncertainty and that is like 'another shock on top of the tariff in the first place.' 'Those types of factors are ... causing businesses to be a little more reticent, households to be a little more reticent and that's perfectly rational,' he said. The central bank decision to cut by 25 bps was not unanimous with two of the six board members voting to cut by 50 bps. Conway said one member was "particularly keen" on a hold but ultimately the committee decided only to vote on cutting. He said the member thought a hold at 3.25% might be a good idea as high frequency indicators were showing some improvement and inflation is nearing the top of the target range. The member was concerned it "could sort of morph into more persistent inflation pressure," he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store