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Mike Smith defends Asia legacy

ANZ chief executive Mike Smith says Australia needs to grasp tax reform as the current system is not relevant for the 21st century.

Opinion
Michael Smith

Mike Smith has delivered what he always said he was going to do, embarking on a strategy that set ANZ apart from the other majors and laid the foundation for its growth over the next 50 years.

Contains:
Video

Associate Professor Mark Ritson of Melbourne Business School says the appointment of a 30-year veteran from Marks & Spencer has both pluses and minuses for David Jones.

DJs CEO change planned for months: sources

1 hr ago
Matthew Drummond and Simon Evans

David Jones' South African owner began taking steps to replace Iain Nairn at least three months ago, say sources.

The prime minister's snap summit on Thursday.

Summit green lights super tax reform

8 mins ago
Phillip Coorey

The federal government has been given the green light to target tax concessions, including those on superannuation.

Contains:
Video

The Australian sharemarket recovered its footing above 5000 points on Thursday.

ASX enters new quarter with a bang

Stephen Cauchi

Australian shares continued their recovery from Tuesday's dramatic selloff with a second straight day of strong gains.

"In recessions and downturns people look to trim their costs," Skilled Group founder Frank Hargrave said.

'Bum electrician' Hargrave sad to see Skilled go from ASX

Simon Evans

Frank Hargrave, the 75-year-old pioneer of the labour hire industry, says its a sad day with Skilled disappearing from the ASX on October 1 after 21 years.