Not such a happy new year for Dick Smith
It appears Dick Smith's pre-Christmas and Boxing Day sales weren't enough to keep their debts at bay.
Stock Ticker
- AGL AGL ENERGY LIMITED. -0.11%
- AIO ASCIANO LIMITED -0.34%
- AMC AMCOR LIMITED -0.22%
- AMP AMP LIMITED -0.69%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -1.43%
- APA APA GROUP -0.92%
- ASX ASX LIMITED 0.54%
- AZJ AURIZON HOLDINGS LIMITED -0.91%
- BHP BHP BILLITON LIMITED -0.34%
- BXB BRAMBLES LIMITED -0.09%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -1.25%
- CCL COCA-COLA AMATIL LIMITED -1.08%
- CPU COMPUTERSHARE LIMITED. 0.43%
- CSL CSL LIMITED 1.15%
- CTX CALTEX AUSTRALIA LIMITED 2.49%
- CWN CROWN RESORTS LIMITED -0.32%
- DXS DEXUS PROPERTY GROUP -0.13%
- GMG GOODMAN GROUP 0.16%
- GPT GPT GROUP -0.84%
- IAG INSURANCE AUSTRALIA GROUP LIMITED -0.90%
- IPL INCITEC PIVOT LIMITED 0.50%
- JHX JAMES HARDIE INDUSTRIES PLC -0.97%
- LLC LENDLEASE GROUP -0.56%
- MGR MIRVAC GROUP 0.25%
- MPL MEDIBANK PRIVATE LIMITED 2.33%
- MQG MACQUARIE GROUP LIMITED -1.30%
- NAB NATIONAL AUSTRALIA BANK LIMITED -1.16%
- NCM NEWCREST MINING LIMITED 0.92%
- ORG ORIGIN ENERGY LIMITED 4.26%
- ORI ORICA LIMITED -0.97%
- OSH OIL SEARCH LIMITED 1.19%
- QBE QBE INSURANCE GROUP LIMITED -0.64%
- RHC RAMSAY HEALTH CARE LIMITED 0.04%
- RIO RIO TINTO LIMITED -0.18%
- S32 SOUTH32 LIMITED 0.47%
- SCG SCENTRE GROUP -0.48%
- SEK SEEK LIMITED -2.34%
- SGP STOCKLAND 0.00%
- SHL SONIC HEALTHCARE LIMITED 0.45%
- STO SANTOS LIMITED 4.08%
- SUN SUNCORP GROUP LIMITED -0.66%
- SYD SYDNEY AIRPORT -2.36%
- TCL TRANSURBAN GROUP 0.10%
- TLS TELSTRA CORPORATION LIMITED. -0.54%
- VCX VICINITY CENTRES 1.07%
- WBC WESTPAC BANKING CORPORATION -1.67%
- WES WESFARMERS LIMITED -0.12%
- WFD WESTFIELD CORPORATION -1.05%
- WOW WOOLWORTHS LIMITED -1.43%
- WPL WOODSIDE PETROLEUM LIMITED 2.99%
Key Stories
China concerns roil Asia-Pacific markets
Chinese shareholders have had a horrible start to 2016, with weaker-than-expected manufacturing data in China provoking a huge sell-off across the Asia-Pacific region.
Economists home in on income inequality
Technological change, the New Economy, driving outsized salary gains and surging income inequality
ASX slides as China spooks
The ASX has started the new year on the back foot, caught up in a wave of selling after soft Chinese manufacturing data spooked investors around the region.
CEO's drop anchor at Couta Boat Classic
With a 25 knot easterly ripping through Port Philip Bay on Monday there was no much sailing being done at the KPMG Couta Boat Classic.
Home loan sizes slashed
Banks have lopped tens of thousands of dollars off how much they are prepared to lend home buyers, new figures show.
Australia a good stepping stone for US
Australia is the perfect place for a medical device maker to launch before entering the key United States market, AirXpanders boss Scott Dodson says.
- Markets Oil jumps amid MidEast tensions
- Mining and Resources Oil and gas investment to hit six-year low
- Energy Quadrant has first drilling success
- Currencies China crackdown to stem cash exodus
- Business Pick carefully to win in 2016
Market Indices
Last updated: January 5, 2016 - 12:51AM
Last updated: January 5, 2016 - 12:51AM
Last updated: January 5, 2016 - 12:51AM
Last updated: January 5, 2016 - 12:51AM
Macau casinos on $130b losing streak, double down
Macau casino operators have seen more than $130 billion wiped off their market value in two years.
In Depth
Receivership a 'possibility'
Pundits warn that troubled retailer Dick Smith is at risk of going under after the company suspended shares.
The woman who paid $720 for Uber
Ordering an Uber does not make you a participant in guerilla war against the establishment. Careful what you wish for.
Fall in oil price continues to hurt
The dramatic decline in the price of oil was set in motion two years ago but the full impact is hard to anticipate.
Workplace
The finance jobs to have in 2016
Where the jobs and money will be in finance in the coming year.
Thanks for quitting, here's $10,000
Adore Me offers a highly unusual benefit to departing employees: a fat cheque.
Markets
Banks fall on mortgage woes
The sharemarket has started the new year on the back foot, caught up in a wave of selling after soft Chinese manufacturing data spooked investors.
Weak Chinese data pushes down Australian dollar
In late local trade, the Aussie was fetching US72.28¢ compared with US73.04¢ at the same time on New Year's Eve.
Markets Live: Wobbly start to 2016
Live
The ASX ends in the red, with losses in the big banks offsetting a rally in the energy sector.
- Babies, aging and unicorns: the IPO market in 2016
- need2know: Data in focus
- Iron ore gloom to continue in 2016
- Forget the index, 2016 will be a stock picker's market
- What's ahead for NAB's UK units
- Housing strength set to continue
- Oil woes to continue in 2016 as Iran comes on stream
- Emerging market currency support curbs bonds
Search Quotes & Charts
The Economy
Mohamed El-Erian's holiday reading list
With the global economy being jolted, investment superstar Mohamed El-Erian outlines his holiday reading list.
The glass is more full than it looks
The lessons of history show that the world has always been in a mess, argues Ambrose Evans-Pritchard from London.
Retail
How Australians are reinventing back-to-school shopping
Forget a quick trip to the newsagent, back-to-school shopping is now a multi-million dollar industry, which Australian retailers are taking to the world.
Smiggle, Typo get ready for school
Getting ready to go back to school was always a little bit different for Luke Slattery.
Banking & Finance
Banks tighten home lending controls
Major banks have lopped tens of thousands of dollars off how much they are prepared to lend home buyers.
IAG snaps up $7b in reinsurance cover
IAG has secured $7 billion worth of reinsurance cover as it braces for the bushfire and storms seasons to hit during this Australian summer.Â
Mining & Resources
Woodside strikes gas off Myanmar
Woodside Petroleum looks well placed to capitalise on its early entry into the exploration hotspot of Myanmar, reporting what chief executive Peter Coleman called an "encouraging" gas discovery at its first well.
India's solar surge may slash coal imports
Dramatic cost declines for solar power tenders in India have shaken up expectations on future pricing of renewable energy.
World Business
Final days of the Bitcoin Foundation?
The Bitcoin Foundation has become a symbol of the challenges facing the digital asset it was designed to steward.
Amazon vs the also-rans
Of every additional $1 Americans spent for items online this year, Amazon captured 51 cents.
China
Coal mining town on its knees as China economy shifts
The gritty town of Hegang, in north-eastern Heilongjiang province, is a coal-mining community on its knees.
China cracks down on online lenders
China's banking regulator laid out planned restrictions on thousands of online peer-to-peer lenders, pledging to "cleanse the market" as failed platforms and suspected frauds highlight risks within a booming industry.
Featured advertisers
Property Focus
Mike Baird's $3 billion sell-off of public buildings
The NSW government is selling off some of Sydney's most iconic buildings.
No more beer and schnitzel in suburban pub war
Prompted by changing tastes and lockout laws, glammed-up pubs are heading further out into Sydney's suburbs.
Pub sector intoxicated with sales
Investors have poured more than $500 million into the pub sector, making it one of the busiest areas in the real estate sector.
City Tattersalls votes for $200m redevelopment
Scentre strikes $2.85m deal with Booodl start up
Shopping is not everyone's most enjoyable way to spend a day, particularly wandering around a mall trying to locate the stores selling the items on your list.
Executive Style
Six ways men's fashion changed forever
Men raised their style game in a year remembered for its social media peacocks.
Money
Financial new year's resolutions
Write them down, tell your friends or you won't follow through.
Better deal for savers with online banks
Australians love the idea of 'free money, yet more than $600 billion in household cash deposits is in one of the big four banks.
Small Business
George Gregan's franchise goes under
A George Gregan backed home ventilation franchise has collapsed into administration.
$1 million to replace dodgy solar panels
The owner of Greenbank Environmental is paying to replace 182 dodgy solar panels installed by another company "because it's the right thing to do".
Business Video
-
- Duration
- 01:42
-
- Duration
- 01:13
-
- Duration
- 02:09
-
- Duration
- 01:43
-
- Duration
- 01:46
-
- Duration
- 02:56
-
- Duration
- 06:26
-
- Duration
- 01:02
-
- Duration
- 01:34
-
- Duration
- 01:34
-
- Duration
- 01:03
-
- Duration
- 01:28
Comment & Analysis
Not such a happy new year for Dick Smith
Contains:
Just who is paying through the nozzle?
Contains:
total comments55
Malcolm Maiden's annual crossword
Contains: