Virgin Australia to cut capacity as it forecasts loss
Virgin Australia will reduce its capacity by 5.1 per cent in the June quarter after forecasting it will report a loss in the second half of the financial year.
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- AZJ AURIZON HOLDINGS LIMITED -0.35%
- BHP BHP BILLITON LIMITED -0.68%
- BXB BRAMBLES LIMITED -0.40%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -2.38%
- CCL COCA-COLA AMATIL LIMITED -1.16%
- CPU COMPUTERSHARE LIMITED. -1.68%
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- CTX CALTEX AUSTRALIA LIMITED 1.23%
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Key Stories
Markets Live: Westpac slides on results
Live
ASX suffers early losses, led by selling in the banks.
Telstra hands back $1.5b to investors
Telstra will hand $1.5 billion back to investors after selling its stake in the Chinese car web site Autohome.
Slater & Gordon reaches deal with bankers
Embattled ASX listed law-firm Slater & Gordon has reached an agreement with its bankers, avoiding a messy bankruptcy.
Westpac first-half profit rises 3pc to $3.9b
Westpac's first-half profit climbed 3 per cent to $3.9 billion as the bank reported more bad loans in its institutional lending arm.
7-Eleven store owner hit with record fine
The owner of a Sydney 7-Eleven has been fined more than $200,000 after a court found he short-changed two migrant employees almost $50,000 and falsified records.
Libs split on super for women
Two senators have broken party ranks to back tax reform, better parental leave, and other measures.
- Markets Economists beat the RBA will hold rates
- Business What not to believe in the budget
- Workplace Relations 'This makes little sense'
- Federal Budget $80,000 is anything but average
- Banking and Finance Dividend focus as bank profits top $15b
Market Indices
Last updated: May 2, 2016 - 10:29AM
Last updated: May 2, 2016 - 10:29AM
Last updated: May 2, 2016 - 10:29AM
Last updated: May 2, 2016 - 10:29AM
Start-up shaved in Chile fraud
Alberto Chang Rajii had a Sydney apartment, opened a plush office and tried to schmooze some of Australia's richest families. Now he's in hiding in Malta.
In Depth
Where next for the Aussie dollar?
VIDEO: Goldman Sachs Asset Management's Philip Moffitt describes how different factors have been pushing the Aussie dollar up and down.
Behind the story with Adele Ferguson
VIDEO: The recent expose by Adele Ferguson and Four Corners had all Australian's talking. Watch Adele as she shares behind-the-scenes insights.
Nurofen maker fined $1.7m
VIDEO: The company has been fined more than $1 million for misleading consumers.
Workplace
The key is to good networking is listening
Business networking is a two-way opportunity to build relationships.
Meet the boss: Red Cross chief Judy Slatyer
Sometimes it's ok to start without a career plan.
Markets
Three things to watch this week
If first-quarter inflation data was the main attraction for local markets last week, the RBA's response, the federal budget and bank earnings are are this week's focus.
need2know: Flat open ahead of busy week
Local shares are set for a flat open as investors await a mix of earnings, a potential rate cut and the federal budget.
RBA, budget and banks to steer markets
Investors will be looking to the RBA and the federal budget for guidance in what is shaping up as a big week in local markets.
- Australia's Debt Pile Poised to Stop Growing Within Six Years
- China April official factory activity expands but at slower pace
- Beating deflation is so hard to do
- Unmasking Wall Street's anti-heroes
- Plan to restart Samarco challenged by Brazil
- Oil drops as OPEC output rises ever higher
- Window closing for metal producers to cash in on rally
- China, Japan put on new US currency watch list
Emerging market currency support curbs bonds
Search Quotes & Charts
The Economy
Westpac tips rising bad consumer loans
Westpac has pointed to mortgage delinquencies rising off their very low base across all Australian states.
Beating deflation is so hard to do
The second half of June looks like a bad time to be out of the office.
Retail
Size matters for Bonds' future
Australian brands don't come any bigger than Bonds but an offshore owner might be the safest way to shore up its future.
Colgate colluded with Woolies to rip you off
Household name Colgate has been found guilty of conspiring with two rivals and supermarket giant Woolworths.
Banking & Finance
Westpac tips rising bad consumer loans
Westpac has pointed to mortgage delinquencies rising off their very low base across all Australian states.
Home loan crackdown slashes Genworth profit
Lenders' appetite for risky home loans will continue to wane in 2016, forcing borrowers to stump out bigger deposits for their property purchases.
Mining & Resources
Labor's missing renewables billion
Labor faces 'a litmus test' of its support of renewable energy after it emerged that a Shorten government would book $1 billion of the savings cut from the Australian Renewable Energy Agency by the Coalition.
Chevron eyes Gorgon LNG restart this month
Chevron expects to resume production at its $US54 billion Gorgon liquefied natural gas project off Western Australia this month.
World Business
'American Idol' maker goes bankrupt
Weeks after its final show, the company behind the former blockbuster franchise has filed for bankruptcy protection.
CEO's wealth jumps $8b on Amazon results
Jeff Bezos' net worth rose to $78 billion, making him the world's 4th richest person, as the online retailer's shares jumped.
Consumer Affairs
How our diet is changing
We're eating healthier than ever - but we are still making one enormous mistake.
When your developer gives you a $70,000 ultimatum
Two years after retirees John and Jeanie Barnes signed an off-the-plan contract for a townhouse, they were met with a $70,000 dilemma.
Featured advertisers
Property Focus
Changing city density needs understanding
It is expected that the current 41 per cent of Sydney's population living in medium-to-high density housing will soar through 50 per cent over the next five years.
Lego lands at Dreamworld
Ardent Leisure has boosted its Dreamworld offering with a deal to open a Lego certified store at the theme park.
Office landlords back in the driver's seat
Office landlords are now back in control as space is taken for infrastructure projects and residential conversions, leading to a forecast for rent rises of close to 8 per cent, according to Cushman and Wakefield.
UK retailers in a world of hurt
Land banker buys chunk of Anakie
A local land banker has paid more than $15 million, sources say, for a 240-hectare piece of Anakie – a semi-rural area nestled 70 kilometres west of Melbourne's outskirts, and just beyond Greater Geelong's northern edge.
Executive Style
Get more points (without flying)
You don't need to be airborne to rack up points with Qantas and Virgin.
Money
What a company has vs what it does
Net profit is a key metric, but how much cash the company has on hand is also important - and it's harder to fudge.
Does real estate preserve capital?
Financial expert George Cochrane answers readers' questions.
Small Business
Chucking in $150K to be your own boss
'People think you're crazy for giving up the safety of a six figure salary.'
How to make a career out of Instagram
Relying on visuals to sell your business? Look no further than Instagram.
Business Video
Entrepreneur Secrets - Danny Almagor
At 35, Danny Almagor has already crammed in a lifetime of business experience - from setting up Engineers Without Borders to running a suite of eco-friendly sustainable enterprises.
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- 04:43
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- 01:39
Comment & Analysis
The option of paying tax - or not
Contains:
This article contains a video.
What not to believe in the budget
Contains:
total comments50
This article contains a video.
Problems aren't fixed with money alone
Contains:
total comments5
This article contains a video.