🗞️ The finish line

The Sydney streets were streaming with runners yesterday as the Sydney Marathon officially became the 7th major marathon.

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Pick & Scroll News
September 01, 2025

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Good morning. The Sydney streets were streaming with runners yesterday as the Sydney Marathon officially became the 7th major marathon.


Eliud Kipchoge & Sifan Hassan headlined a star-studded field which brought out the crowds in their thousands.


If you're in a Sydney office today, good luck with the blow by blow chat from the office runner who can't walk and also can't stop talking about their new personal best. Melbourne office folk, it'll be your turn in 6 weeks.


All the headlines and more below...

AUSTRALIAN NEWS

New legislation to protect penalty and overtime rates for workers

  • New legislation protects penalty rates and overtime pay for 2.6 million Australian workers. LINK

  • QLD nurses and midwives have secured an 11% pay rise over 3 years. LINK

  • Australia's spring auction season commenced with 2,200 homes achieving a 76.3% clearance rate. LINK

  • Medical professionals show reduced diagnostic skills after using AI assistance for colonoscopies. LINK

  • Australian corporate boards spend up to $150,000 on consultancy reviews despite effectiveness concerns. LINK

  • Australian companies are implementing AI across fraud detection, avocado assessment and asset division as the Productivity Commission estimates $116B in economic benefits. LINK

  • Government equity stakes in profitable industries could fund public services without excessive taxation as global debt soars. LINK

  • Australian families face wealth divisions as cryptocurrency, sustainability and investing create generational rifts in financial planning. LINK

COMPANY NEWS

Maccas to implement AI but remain ‘human-centric’

  • Virgin Australia achieved a $479M net profit despite a 12.3% decline as IPO costs affected results. LINK

  • AMP and Insignia superannuation products have failed the annual APRA performance test, triggering a new member ban. LINK

  • McDonald's Australia will implement AI across its 1,050 locations while maintaining human-led service for its 115,000 employees. LINK

  • Westpac has cut its 2-year fixed mortgage rate to 4.89% as the RBA's third rate reduction benefits borrowers. LINK

  • BlueScope Steel has been ordered to pay $57.5M in penalties after the Full Federal Court dismissed its appeals over cartel conduct between 2013-2014. LINK

  • Western United FC's parent companies were ordered into liquidation over $17.96M in unpaid debts. LINK

  • Sylvox has entered the Australian market through Harvey Norman and JB Hi-Fi with weather-resistant outdoor TVs. LINK

  • Toyota lags behind competitors in software development whilst modernising its vehicle technology. LINK

  • Lendlease retained control of a $2.8B retail fund and is proposing to sell Erina Fair for over $860M. LINK

  • Nvidia's quarterly revenue rose to nearly $47B driven by AI chip demand whilst margins contracted. LINK

  • Alibaba has developed a new China-made AI chip to enhance its technology capabilities amid US chip restrictions. LINK

  • Dell has forecast US$20B in AI server demand amid rising costs and competitive pressures. LINK

  • Harvey Norman achieved a record $518M annual profit due to strong home goods demand and overseas growth. LINK

  • NextDC exceeded FY25 revenue guidance at $350.2M, projecting up to $400M for FY26. LINK

  • Bapcor reported a $28.1M profit for FY25 whilst recording $52.3M in write-offs amid restructuring challenges. LINK

  • PEXA recorded a $76.1M annual loss due to impairments despite revenue rising 16% to $394M. LINK

  • Austal posted an $89.7M profit on strong US defence demand. LINK

CHART OF THE DAY

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TRIVIA


It was big day in the world of Guinness World Records yesterday with lots of records being broken in the Sydney Marathon. We've hidden four fake records in the list below. Tell us which records were real and which ones were fake. Fastest time while:

  1. Dressed as a surfer - thongs and a surfboard

  2. Running backwards

  3. Handcuffed together

  4. In a school uniform

  5. While juggling 3 balls

  6. In a Star Wars character

  7. Dressed as a pint of Guinness

  8. While skipping


Answers below

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ANSWERS

1. Dressed as a surfer - thongs and a surfboard: True
2. Running backwards: False
3. Handcuffed together: False
4. In a school uniform: True
5. While juggling 3 balls: True
6. In a Star Wars character: True
7. Dressed as a pint of Guinness: True
8. While skipping: False


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