2016 SYDNEY TOP LISTED COMPANIES 1-10
Written on the 25 November 2016 by Lin Evlin, Paris Faint, Chelsey Landford, Nick Nichols & James Perkins
THIS is your access to the definitive list of Sydney's Top Listed Companies, compiled by the editorial team at Business News Australia.
This is the first of what will be an annual list of companies that are some of the heavyweights of Australia's business scene.
The top 10 gives insight into the biggest and most iconic companies based in Sydney, and it is a diverse list, featuring two of the Big Four banks, a supermarket and retail behemoth, real estate investment firms, an insurer, pallet maker, and hospital operator.
They may be Sydney's most valuable companies, but each is facing some serious challenges.
1. Commonwealth Bank of Australia
THE banking sector has been under siege on many levels this past year, culminating in the inaugural parliamentary inquiry into bank practices - what is expected to become an annual grilling of the heads of Australia's big four banks.
2. Westpac Banking Corporation
WESTPAC CEO Brian Hartzer (pictured) has laid bare the 'trust gap' that has widened between the banking sector and its customers.
IT HAS been a year to forget for Woolworths as it plunged to a $1.23 billion loss in FY16.
Food and petrol sales also fell by 40.8 percent from the previous year.
4. Macquarie Group
MACQUARIE Group broke through the $2 billion profit mark as its net income rose 29 per cent in the year to March 2016.
5. Scentre Group
6. Westfield Corporation
WESTFIELD Corporation this year scotched rumours that it was planning to list on the New York Stock Exchange, with chairman Frank Lowy reaffirming its intention to continue calling Sydney home.
The rumours have done the rounds ever since Westfield Group separated its Australian and New Zealand retail portfolio from its other international interests in 2014 into Scentre Group (ASX:SCG) and Westfield Corporation.
SUPPLY-chain logistics company Brambles took a material step into the digital era in 2016 with the establishment of a new Silicon Valley-based business, BXB Digital, to explore opportunities related to smart assets, data analytics and the Internet of Things.
8. QBE Insurance Group
QBE Insurance, one of the world's largest insurance and reinsurance companies, was in damage control after announcing a significant fall in interim profit when it removed Australian and New Zealand head Tim Plant and warned consumers of upcoming excess charge hikes.
9. Ramsay Health Care
RAMSAY Health Care is Australia's largest provider of private hospitals in Australia and is among the top five operators globally with assets in the UK, France, Malaysia and Indonesia.
THERE'S no denying that AMP's CEO Craig Meller (pictured) has experienced a tough three years as the head of Australia's largest financial services company.
Author: Lin Evlin, Paris Faint, Chelsey Landford, Nick Nichols & James Perkins