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Vicinity looks at $1b asset sale

Carolyn Cummins

Retail landlord Vicinity Centres is preparing to sell up to $1 billion in assets across the country and reinvest the funds into new centres and where possible, Direct Factory Outlets, in the coming year.

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In Depth

Profit drops again at Diageo Australia

Diageo Australia, which owns Johnnie Walker, Smirnoff and Bundaberg Rum, has suffered its third successive drop in annual profit but hopes for a revival in 2016, driven by the trend to rising spirits consumption at home.
Simon Evans

The market leader in spirits, Diageo Australia, has suffered its third successive drop in annual profit in a market where Woolworths and Coles are increasingly influential.

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ATO extends deadline for foreign investors

The ATO extension will allow foreign investors greater time to familiarise themselves with tougher laws that result in hefty fines if they don't register land they own in Australia.
Nassim Khadem

Foreigners who own land in Australia now have until the end of February to come forward and register, with the Australian Taxation Office announcing on Monday extended time for overseas investors to declare agricultural land.

Retail

Banking & Finance

Aon pours multimillions into data analytics

Lambros Lambrou: "If we do nothing as in an industry, we are going to lose the race."
Ruth Liew

Aon Risk Solutions is looking to ramp up its multimillion-dollar spending on data analytics research, as the global insurance broker increases efforts to combat disrupters and improve its business model.

New ANZ chief will tackle Asian business

ANZ chief executive-designate Shayne Elliott (centre) will try to retool the bank's Asian businesses, when he succeeds CEO Mike Smith (left) next month. Chairman David Gonski is to the right.
Narayanan Somasundaram

Incoming ANZ chief executive officer Shayne Elliott will have to tackle the bank's underperforming Asian businesses when he takes over in January.

Mining & Resources

World Business

World on the cusp of historic climate deal in Paris

French President Francois Hollande, left, and UN Secretary-General Ban Ki-moon, right, applaud French Foreign Minister Laurent Fabius at the climate conference.
Tom Arup and Peter Hannam, Paris

The world is on the cusp of a historic agreement to tackle climate change after the organisers of the Paris summit released the final wording of a deal, mapping out compromises on the key disputes that had divided countries.

China

China mystery as Fosun's Guo Guangchang goes missing

Mr Guo is one of China's most recognisable investors at home and overseas with a fortune of $US7.8 billion.
Philip Wen

The high-profile billionaire chairman of China's biggest private conglomerate, Fosun Group, has gone missing amid speculation he has been caught up in a deepening corruption probe targeting the country's financial industry.

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Property Focus

Hot Property: Let's keep our lifestyle

Urban Taskforce chief executive Chris Johnson.
Chris Johnson

With Sydney's dwelling approvals running at 70 per cent for apartments there is clearly a big shift underway to a more urban way of living.

Executive Style

Money

Comment: Savings tips are not sexist

Giving up a glass of wine each week can add up to substantial savings.
Sally Rose

A few feathers got ruffled when I wrote about how much value a woman in her 30s could realise in her 60s by putting the cost of a few glasses of wine into superannuation instead.

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