Banks help businesses gain early-mover payments advantage
Driven by the planned shift away from the Bulk Electronic Clearing System (BECS), real-time payments are being funnelled through the New Payments Platform as the financial system phases out cheques and direct debits as customers favour digital payment methods.
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25 minutes ago
- Yahoo
Woodside reports strong production growth in H1 2025
Australia-based Woodside Energy has reported strong operational and financial results for the first half of 2025 (H1 2025), delivering 548,000 barrels of oil equivalent per day in production and progressing several major projects. The company's half-year net profit after tax (NPAT) stood at $1.31bn, with an underlying NPAT of $1.24bn, a decrease from $1.63bn in the same period the previous year. Operating revenue experienced 10% year-on-year growth, reaching $6.59bn. The board has announced a fully franked interim dividend of $0.53 per share, corresponding to a payout ratio of 80% of the underlying NPAT and an annualised yield of 6.9%. Woodside Energy CEO Meg O'Neill said: 'Strong underlying performance of our assets, our robust financial performance and a focus on disciplined capital management have enabled us to maintain our interim dividend payout ratio at the top end of the payout range. 'The outstanding performance of our high-quality assets over the first half has continued to support safe, reliable operations. This has been complemented by a strong focus on cost management, resulting in a reduction in our unit production costs. We have also taken a disciplined approach to future growth and reduced spend on new energy and exploration as we prioritise delivering sanctioned projects.' Excluding impairment, the company's earnings before interest, taxes, depreciation and amortisation (EBITDA) from the underlying base business was $4.6bn, a 5% rise from the previous year's $4.37bn. The marketing segment contributed $144m to the total EBIT, accounting for roughly 8% of the total. Woodside said this performance demonstrates the efficiency improvements and value creation derived from the trading, marketing and shipping of its products, including third-party volumes. The company also reported net cash from operating activities of $3.33bn and capital expenditure (capex) of $2.55bn, an 8% increase from 2024. Dividends distributed amounted to $1bn, a 23% decrease from the previous year's $1.3bn. In H1 2025, Woodside entered into three long-term liquefied natural gas (LNG) sales and purchase agreements (SPAs). This encompasses two contracts with Uniper to provide one million tonnes per annum (mtpa) from the Louisiana LNG project for a duration of up to 13 years, starting from the date it commences commercial operations, as well as a supply of up to 1mtpa from Woodside's global portfolio until 2039. Additionally, an SPA was signed with China Resources Gas International for the supply of around 600,000 tonnes per annum of LNG over 15 years, starting in 2027. Woodside has also entered into non-binding heads of agreements with both JERA and Petronas. The company said the Scarborough energy project, located 375km off the Pilbara coast of Western Australia, is 86% complete and remains on track for first LNG cargo in H2 2026. The Trion project, a deep-water oil and gas development in the Gulf of Mexico, is 35% complete and remains on track for first oil in 2028. The Beaumont New Ammonia Project in Beaumont, Texas, is 95% complete, with phase one targeting first ammonia production from late 2025. In June of this year, Woodside finalised the sale of a 40% interest in its Louisiana LNG project to Stonepeak, a global investment firm. "Woodside reports strong production growth in H1 2025" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
25 minutes ago
- Yahoo
Auburn claims four more football national championships, including in 2004 when it didn't make BCS title game
Auburn is trying to catch up to Alabama in the race for claimed national championships. The Tigers announced Tuesday it will recognize themselves as nine-time football champions. The school previously had touted itself as a five-time national champion. But Auburn is no longer going to be humble, according to athletic director John Cohen. 'For too long, Auburn has chosen a humble approach to our program's storied history — choosing to recognize only Associated Press national championships,' Cohen told On3. 'Starting this fall, we have made the decision to honor the accomplishments of our deserving student-athletes, coaches and teams from Auburn's proud history. Our visible national championship recognitions now align with the well-established standard used by the NCAA's official record book and our peers across the nation. Before Tuesday, Auburn claimed titles in 1913, 1957, 1983, 1993 and 2010. Now, titles in 1910, 1914, 1958 and 2004 are being added to the mix. You may remember the BCS existed in 2004, and Auburn did not play for the national championship. The Tigers were 12-0 but were third in the BCS rankings behind undefeated USC and undefeated Oklahoma. After USC blew out the Sooners for the national championship, Auburn finished No. 2 in the final AP Top 25 with three of 65 first-place votes. The other 62 went to USC. The Tigers also finished second in the coaches poll. Auburn's feelings toward being excluded from the BCS title game that year are well-known at this point. You can understand why the Tigers want to claim a national title for that season. But you also have every right to laugh at that claim and recognize it as illegitimate. Pre-BCS titles are murkier, and why a school like Alabama claims 18 national titles. Twelve of those championships came before the BCS and subsequent College Football Playoff existed. For example, Alabama's 1941 title is claimed from a 9-2 season that saw it atop the Houlgate System's rankings. Auburn is also using similar logic. For example, the school's new 1914 title is via the James Howell Power Ratings, though at least Auburn went 8-0-1 that season and failed to allow an opponent to score. If you're worked up about Auburn's decision to suddenly claim four more titles, you can take solace that the Tigers' chances at an official 10th national title don't appear to be very realistic anytime soon. The Tigers are 66-1 to win the 2025 title at BetMGM and have the 10th-best odds to win the SEC.
Yahoo
25 minutes ago
- Yahoo
Report: Sixers promote Ariana Andonian to GM of G League's Blue Coats
As the Philadelphia 76ers continue through the 2025 offseason, there is very little for them to do at this point in the calendar other than to take care of the Quentin Grimes situation. The restricted free agent has yet to sign a deal and neither side has come to an agreement just yet. While the Grimes free agency situation plays itself out, the Sixers took care of some in-house order when it comes to their G League affiliate, the Delaware Blue Coats. Per Michael Scotto of HoopsHype, the Sixers will promote Ariana Andonian to GM of the Blue Coats. She was hired back in 2024 as VP of Player Personnel after her days with the Memphis Grizzlies and the Houston Rockets. While Andonian will handle her business down in Delaware, the Sixers will continue to look ahead to the 2025-26 season which will open on Oct. 22 against the rival Boston Celtics on the road. This article originally appeared on Sixers Wire: Report: Sixers promote Ariana Andonian to GM of G League's Blue Coats
