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Reporting Season - 27 February

Companies discussed: Coles (COL), Virgin Australia (VGN) & Block (XYZ)
ausbiz
27 February 2026
Created by potrace 1.15, written by Peter Selinger 2001-2017 3 min watch

Stocks covered:

  • Coles (COLD): reported a decline in its first half profit after one off charges related to the underpayment of wages
  • Virgin Australia (VGN): posted a 21% increase in first half underlying profit and,
  • Block (XYZ): to sack 40% of its workforce as it restructures its operations around artificial intelligence tools.
Markets ausbiz
About the Author
ausbiz

ausbiz was founded by Kylie Merritt and David Koch and is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups.