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ASX set for a sluggish start as Wall Street drifts; Qantas profit slumps. Staff writers Updated August 27, 2026 - 6:35am,first published 5:26am The Australian sharemarket is set for a flat open on yet another busy earnings season day, with Qantas and Wesfarmers among those having reported their results before the start of trading. ASX futures slipped 4 points to 9068 as of 7.59am AEST. The ASX lost 0.4 per cent on Wednesday as shock inflation figures put another interest rate hike on the table. Wall Street drifted through a quiet session overnight after a report said US inflation was also a bit worse than economists expected. Qantas said before the start of trading its profits have taken a hit as rising fuel costs outpaced the benefit of sustained demand for international travel. The airline posted a 13.8 per cent fall in underlying pre-tax profit of $330 million in the year to June. Underlying pre-tax profit is $2.06 billion, down from $2.39 billion in 2025. The company said its fuel bill jumped by over $600 million as it was hit hard by the ramifications of the Middle East conflict. Retail conglomerate Wesfarmers saw its sales rise 3.4 per cent to $47.3 billion, and net profits excluding significant items grow by 8.3 per cent to $2.9 billion. Bunnings showed the biggest sales growth, up 4.1 per cent to $20.4 billion; Kmart sales grew by 2.8 per cent to $11.75 billion; and Officeworks gained 3.7 per cent to $3.7 billion. The company said Bunnings boss Mike Schneider will retire in February next year, with chief customer officer Rachel McVitty set to take over the role. Healthcare giant Sigma said its sales jumped 15.5 per cent to $10.8 billion and profits climbed 22.3 per cent to $732.2 million in its first results after taking over the Chemist Warehouse pharmacy chain. Business was boosted by demand for weightloss drugs, which will also help lift sales by double digits again in the current year, the company said. Mayne Pharma said underlying earnings had slumped 27 per cent to $34.2 million in the year to June as its management was distracted by the $672 million takeover bid by US private-equity backed drugmaker Cosette, which was eventually blocked by Treasurer Jim Chalmers on national interest grounds. "The Cosette transaction process and subsequent legal matters placed real demands on management focus and caused general disruption," chief executive Aaron Gray said. On Wall Street overnight, yields in the bond market, the focus of Wall Street's biggest recent worries, edged higher following America's inflation data, weighing on sentiment. The S&P 500 edged down by less than 0.1 per cent and remains near its all-time high set earlier this month. The Dow Jones Industrial Average dipped 113 points, or 0.2 per cent, and the Nasdaq composite slipped 0.1 per cent. Nvidia, the chipmaker at the heart of the artificial intelligence boom, delivered a sales forecast that met expectations. Its shares were up 4.3 per cent in after-hours trade. From our partners. Revenue in the current period will be $US108 billion, plus or minus 2 per cent, the company said in a statement. Though analysts had forecast $US105.2 billion on average, some projections exceeded $US110 billion, according to data compiled by Bloomberg. Stocks made relatively few big moves ahead of the earnings report from Nvidia, which arrived after trading ended for the day. Expectations were high once again for the chip giant, whose tremendous growth in profit because of the artificial-intelligence boom has made it the largest stock by value in the US market. Strong profit growth across US companies broadly has been the main reason the US stock market has run to records this year. Abercrombie & Fitch leaped 35.7 per cent after reporting a stronger profit for the latest quarter than analysts expected. The retailer also raised its forecast for earnings over the full year and for how much cash it will send to investors by buying back shares of its own stock. On the losing end of Wall Street was Intuit, even though the company behind TurboTax, Credit Karma and QuickBooks topped analysts' profit expectations in the latest quarter. It fell 3.2 per cent after giving a forecast for profit growth of nearly 25 per cent in its upcoming fiscal year, which fell short of analysts' expectations. Outside of earnings reports, Meta Platforms added 1.1 per cent after agreeing to pay up to $US18 billion ($24 billion) and to add child-safety measures to Facebook and Instagram to end a landmark trial over teen social media addiction and settle claims filed by states across the country. In the bond market, US Treasury yields ticked higher to 4.65 per cent from 4.64 per cent late on Tuesday following updates on inflation and economic growth. Yields had shot upward through the American summer on worries about high inflation and the US government's growing and gargantuan debt, among other factors. They got so high that the US Treasury Department made a surprise announcement last week to intervene in the bond market, though analysts say its effect could be limited. The latest update on inflation released overnight said that the measure the Federal Reserve has historically preferred to use sat at 3.7 per cent last month. That was the same rate of inflation as in June and slightly worse than the 3.6 per cent that economists expected, according to FactSet. It remains far worse than the 2 per cent goal the Fed has set. Growth in spending by US consumers, which is the main engine of the economy, slowed at the same time. The overall economy grew at a 1.5 per cent annual pace in the spring, according to a revised estimate of its performance, the same amount as the government's first estimate. Traders didn't change their forecasts much for what the Federal Reserve will do with its main interest rate in the short term, and they are betting on a nearly three-in-four chance the Fed will hike the federal funds rate at least once by the end of the year, according to data from CME Group. One of the factors that's worsened inflation this year is higher oil prices, though they've come down recently. The price for a barrel of Brent crude, the international standard, continued to swing Wednesday on uncertainty about when the war with Iran will allow oil tankers to freely exit the Persian Gulf again. It dropped as low as $US84.56 before settling at $US86.94. That's down 0.4 per cent from the day before and from $US94 at the end of last week. In other international markets, indexes rose across much of Europe and Asia. South Korea's Kospi climbed 1 per cent, and Japan's Nikkei 225 rose 0.6 per cent for two of the bigger moves. With AP, Bloomberg

Mayne Pharma appoints new Chief Financial Officer. 2.92 0.00 (0.00%) ASX Announcement MAYNE PHARMA APPOINTS NEW CHIEF FINANCIAL OFFICER 17 July 202 6, Adelaide, Australia: Mayne Pharma Group Limited (Mayne Pharma or the Company) (ASX: MYX), today announces the appointment of Mr Griffin D. Buchanan as Chief Financial Officer (CFO) of the Company, effective 1 August 2026. Mr Griffin D. Buchanan is a senior finance executive with extensive experience in global medical technology and healthcare. He joins Mayne Pharma from Establishment Labs (NASDAQ: ESTA), a global medical technology company focused on women's health, where he served as Vice President, Operational Finance, leading financial planning, analysis and operational performance across the business. His appointment brings directly relevant sector experience to Mayne Pharma at a time when Women's Health remains a core p illar of the Company's portfolio. Prior to Establishment Labs, Mr Buchanan spent over 19 years at Siemens Healthineers (SH L:DE), one of the world's leading medical technology companies, where he held a series of senior finance leadership roles. As VP of Finance ( country, business line CFO) for its Enterprise Services business, he held P&L, balance sheet and cash flow accountability for a business generating approximately US$1.4 billion in annual revenue. Mr Buchanan holds an Executive MBA from Friedrich - Alexander - Universität Erlangen - Nürnberg and a Bachelor of Science, Business Administration, Information Technologies & Operations from the University of New Hampshire's Peter T. Paul College of Business and Economics. Mr Aaron Gray, CEO of Mayne Pharma said " We are delighted to welcome Griffin as Mayne Pharma's new CFO. Griffin's appointment strengthens our leadership team with a finance executive who understands the global medical technology and women's health markets first - hand. His experience optimising large, complex healthcare businesses aligns closely with Mayne Pha rma's priorities, and I look forward to working with him on executing our business objectives." For further information contact: Dr Tom Duthy Investor Relations +61 402 493 727 [email protected] Authorised for release to the ASX by the Board of Directors. Email Alerts To register for an email alert service to receive Mayne Pharma announcements released to the Australian Securities Exchange (ASX) please visit https://www.maynepharma.com/investor - relations/email - alerts/ Follow Listcorp Pty on LinkedIn ASX Announcement Page 2 About Mayne Pharma Mayne Pharma is an ASX - listed specialty pharmaceutical company focused on commercialising novel pharmaceuticals, offering patients better, safe and more accessible medicines. Mayne Pharma is a leader in dermatology and women's health in the United States and also provides contract development and manufacturing services to clients worldwide. Mayne Pharma has a 40 - year track record of innovation and success in developing new oral drug delivery systems. These technologies have been successfully commercialised in numerous products that continue to be marketed around the world. To learn more about Mayne Pharma, please visit maynepharma.com. Mayne Pharma Group Limited (ASX:MYX) is a pharmaceutical company focused on applying its drug delivery expertise to commercialise branded... MYX Profile Links MYX Information Share Price: 24hr Change: 24hr Change %: Market Cap: Join Listcorp to create a personalised news feed, follow your favourite companies, save useful news, and more. 05 Jun 2026 22 May 2026 29 Apr 2026

Corporate ladder: your weekly guide to executive appointments in South Australia. South Australia's premier executive appointments column tracking the movements of those driving the state's public and private sectors. Plus, the latest executive recruitment opportunities. Mar 01, 2026, updated Mar 01, 2026 Pharmaceutical company announces new CEO. SA headquartered pharmaceutical company Mayne Pharma has announced that Aaron Gray has been appointed CEO following the resignation of Shawn Patrick O'Brien. Gray is the previous chief financial officer for Mayne Pharma, having held the position since July 2022. He has more than 20 years' experience in both finance and leadership roles, having held a role as senior vice president of customer finance for Siemens Medical Solutions in the United States. Gray was chief financial officer for Siemens Steam Turbine Americas segment where he was responsible for the financial project management and investment strategy for multi-million-dollar steam turbine businesses across North and South America. O'Brien has stepped down following more than three years in the role and will remain in an advisory role to the board until May 1. Mayne Pharma chair professor Bruce Robinson thanked the outgoing CEO for his "leadership and contribution" to the company and welcomed Gray's "strong strategic and operational capability" to the role. New board director for Real Estate Institute. The Real Estate Institute of South Australia has announced the appointment of Jamie Dreckow as an independent board director and Cain Cooke to resume his role as chair. Dreckow is a chartered accountant and partner at Nexia Edwards Marshall and has more than 30 years' experience in accounting and assurance services. He has extensive experience as a board adviser and non-executive director, serving as a board member and treasurer of the Adelaide Fringe where he provides financial stewardship and governance oversight. Dreckow has also been a member of SA Health's Audit and Risk Committee since 2024, where he has supported effective risk, compliance and assurance frameworks. Cooke will continue as chair of the REISA board to ensure strong and consistent leadership at a board level. He has more than 20 years' experience in business leadership and strategy roles across industries including healthcare, retail, hospitality and tourism. Cooke is currently the chief executive of electric motorbike company LEKI EV and is deputy chair of the Adelaide Festival Centre. | Principal for Geelong Lutheran College, an inspiring multi-campus independent Christian school in one of Victoria's fastest-growing regions. This is a rare opportunity to shape the next strategic era of a thriving ELC-12 community, driving educational excellence, culture, faith formation, innovation and strong stakeholder engagement across the College. With a committed team, supportive governance and state-of-the-art facilities, the new Principal will lead with vision, relational strength and contemporary educational insight to ensure Geelong Lutheran College continues to grow its impact and reputation. Two Board Members with St Mark's College, Adelaide's first university residential college with a vibrant community of 250 students. As the College continues to evolve, the Board plays a central role in strengthening governance, strategic direction and long-term sustainability. Profiles sought include a finance and risk governance leader (ideally CA/CPA) with strong capability in financial stewardship, long-term asset strategy and oversight of risk, including future leadership of the Finance, Risk & Audit Committee. The second profile is for a senior and highly connected and credible tertiary education professional with the networks and capacity to bring contemporary insight into student pathways, academic environments and the evolving role of residential colleges within higher education. Both appointments require appropriately qualified and experienced non-executive directors committed to contributing to a respected and mission-driven academic community. | | / | Leaders Institute of SA appoints new chair. Julianne Parkinson has been appointed as new board chair for the Leaders Institute of SA. Parkinson has more than 20 years' experience in leadership roles across business, government and research institutions. She is the managing director of Activare International where she partners with government and organisation leaders to provide strategic advisory services to drive positive economic growth and social impact. Parkinson has held senior roles with international consulting firms including as executive director of the Office of the Economic Development Board of SA and CEO of the Global Centre for Modern Ageing. "The Leaders Institute of South Australia plays an important role in developing leadership capability that enables individuals, organisations and communities to thrive," Parkinson said. Engineering firm welcomes new director. Engineering firm gama consulting has welcomed Adam Trzesinski to the team of directors as the firm looks to establish a new building services arm. Trzesinski is an experienced director with more than 20 years leading teams in mechanical, electrical, hydraulic and fire engineering services globally across Bahrain, Saudi Arabia, Qatar and United Arab Emirates. He had previously served as the state director engineering service NDY, where he was responsible for the SA operations and profitability of the business. As director of civil engineering company Meinhardt Group, he led the delivery of building services designs across the state. "The opportunity to establish and lead the Building Services arm within a growing national consultancy was incredibly compelling, and it allows us to create even greater value for clients," Trzesinski said. Expert joins cybersecurity hub. The Australian Insider Risk Centre of Excellence (AIR CoE) has announced the appointment of Steve Mullins as its first visiting fellow. Mullins is an industry leader with expertise in insider threat and cybersecurity where he specialises in identifying, investigating and mitigating security threats posed to an organisation. In the role, Mullins will provide senior, independent advisory support to AIR CoE to contribute national capability development to translate into actionable guidance for members of government, industry and critical infrastructure. He has worked in advisory roles in both regional, national and global companies, including as the current insider threat manager for Airbnb. "His operational credibility, international perspective, and commitment to mentoring align strongly with the Centre's mission to advance Australia's Insider Risk capability," Australian Cyber Collaboration Centre CEO Guy Roberts said. Children's theatre announce new board chair. Kent Town's Patch Theatre has announced the appointment of Sam Haren as its new board chair after serving on the board since 2025. Haren has more than 20 years' experience working as a creative director and experience designer, working at "the intersection of storytelling, design and technology". He co-led the award-winning Melbourne studio Sandpit, which created interactive experiences for museums, brands and cultural institutions. Haren has a strong background in theatre for young audiences, where he has directed Grug, Grug and the Rainbow and Beep for the Windmill Theatre. "I look forward to supporting the Board and team as Patch Theatre continues to create bold new works that bring together design, storytelling and technology," Haren said. Want to see more stories from InDaily SA in your Google search results? TOP STORIES