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Investors discover value accountants ignore

Adele Ferguson - dinkus - dink - thumbnail

Adele Ferguson 7:18PM

Investors are starting to realise some of the most important measures of a successful company.

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Dick Smith receiver Ferrier Hodgson will question the former board of the collapsed retail chain.

Dick Smith receivers to examine directors

Catie Low 12:15AM

Dick Smith receiver Ferrier Hodgson will publicly question former directors of the iconic electronics chain after uncovering what are understood to be 'serious issues'.

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More hurt for the Hartmans

Colin Kruger, CBD 12:15AM

His brother John's gone to jail and it isn't all smooth sailing for wunderkind Alex either.

Contains: This article contains a video.

Slower growth in China has broader regional implications.

IMF sounds China debt warning

Philip Wen 6:25PM

Surging debt and a murky financial sector has the world's agency worried.

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A small shop at 719 Glenferrie Road, Hawthorn, leased to Flight Centre sold for $3.18 million.

Retail's dream run reaches new heights

Simon Johanson 12:15AM

Small private investors are underpinning a dream run in high street shop sales in Melbourne, paring back yields even as Asian buyers take a back seat.

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Livia Wang's Access CN organised a conference for Chinese 'Daigou' shoppers to meet Australian businesses.

50 million customers hiding in plain sight

Lucy Battersby 7:33PM

For the first time Australian companies can met face to face with a small and elusive group of shoppers who hold access to an additional 50 million customers.

Contains: This article contains a video.

Prime Minister Malcolm Turnbull was a director of Star Mining, which hoped to mine a Siberian gold deposit.

'Not quite kosher' at Turnbull's gold mine

Patrick Hatch 6:45PM

Former director says bribes were paid in Russia to win mining rights.

Contains: total comments12 This article contains a video.

Markets 'Market is ready to sell everything'
Property B-grade no barrier to tech tenants
Retail Is this Bunnings' Masters moment?
Currencies $A keeps its head amid global sell-off
Markets Brexit fears wipe $30b off ASX

Market Indices

Last updated: June 15, 2016 - 12:59AM

Currencies

United States Dollar
Last updated: Jun 15, 2016 - 12:29AM (delayed by 30 minutes)
0.7361	-0.35%
Euro
0.6574	0.47%
British Pound
0.5216	0.75%

Comment & Analysis

Adele Ferguson

Discovering value accountants ignore
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Colin Kruger, CBD

More hurt for the Hartmans
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Michael Pascoe

The best economic plan: a marginal seat
Contains: total comments4 This article contains a video.

'Lesedi La Rona' translates to 'our light'.

1,109 carat diamond goes up for auction

Latika Bourke 12:21AM

The largest uncut diamond to be discovered in a century is expected to fetch nearly $100 million.

Contains: This article contains a video.

In Depth

Brexit fears hit world markets, ASX

8:16PM

VIDEO: Phillip Lasker explains the volatile worldwide market activity.

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Living in a marginal seat

2:36PM

VIDEO: A lesson for everyone: it's a smart economic decision to live in a marginal seat. A safe seat means you don't matter. Michael Pascoe comments.

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Australian named best entrepeneur

11:00AM

VIDEO: Melbourne-based billionaire Manny Stul's Shopkins success see him awarded EY's World Entrepreneur of the Year title in Monaco.

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Workplace

Lazy, overconfident GenY? It's no competition

Myth busting: Dr Stephen Hitchcock (right) with Rob Webb (left).

Anna Patty

Some Generation Ys are reluctant to see themselves in terms of generational differences.

Contains: total comments11 This article contains a video.

The case for a four-day week, every week

Imagine if you only had to go through this four days a week...

It's not just gender equality to play for. More leisure time can be devoted to volunteering.

Contains: total comments45

Markets

China's MSCI inclusion good for Australia

Chinese shares inclusion into the sharemarket is good for Australian equities, notably Computershare, Macquarie Group ...

Vanessa Desloires 5:09PM

China's addition to the MSCI benchmark would dilute the ASX's weight in Asia, but its not all bad news.

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Mesoblast shares suffer more than $300m wipe-out

Mesoblast boss Silviu Itescu: a key US partner has surrendered all rights to its heart failure treatment.

Brian Robins 4:57PM

Biotech outfit Mesoblast has suffered its second significant setback in the past year.

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Markets Live: Brexit fears sink ASX

Wall Street avoided a bear market and is now on the cusp of another milestone.

Patrick Commins and Jens Meyer 4:41PM Live

More than $30 billion wiped off shares as investors press eject.

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LinkedIn winners reap millions from Microsoft deal
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Brexit worries wipe $26 billion off the Australian share market
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What to expect in Brexit's first 100 days
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Opinion Unspoken reason behind the LinkedIn sale
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China steel, iron ore slide 3pc as demand worries drag
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Opinion Brexit: I will be voting Leave
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Twitter shares jump on Microsoft-LinkedIn deal
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Downside risks snap Hong Kong rally
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The stock market, for its part, has initially reacted pessimistically: Microsoft's market valuation has fallen more than ...

What the $35b LinkedIn buy says about bubbles

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The Economy

The best economic plan: live in a marginal seat

Michael Pascoe 2:45PM

Hot on the heels of Assistant Treasurer Kelly O'Dwyer announcing $4 million for netball courts in her blue ribbon seat of Higgins comes news that maybe it's not a safe seat after all.

Contains: total comments4 This article contains a video.

Business growing profit but not jobs

Australian businesses are reporting increased profitability but that is not being matched by an increase in hiring.

11:56AM

Australian businesses' demand for workers remains disappointingly weak.

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Comment PwC advises multinationals 'read the play'
Contains: total comments6 This article contains a video.
'Gun culture alive and well' - and not just in US
Contains: This article contains a video.
Lazy, overconfident GenY? It's no competition
Contains: total comments11 This article contains a video.
ATO recruits executives to catch cheats
Contains: total comments12 This article contains a video.
It's not the economy, stupid
Contains: total comments105 This article contains a video.

Retail

Bottle shops blame early closing times for rise in liquor theft

Rachel Olding 4:31PM

Bottle shops have blamed a rise in liquor theft across NSW on early closing times enforced upon them as part of the state government's suite of lockout laws.

Contains: This article contains a video.

Costco rules out ad blitz as Aldi jumps over majors

Madeleine Heffernan

For the first time, German discount supermarket Aldi spends more on advertisements than major chain Coles.

Contains: This article contains a video.

Banking & Finance

CBA appoints Padbury as director

Mary Padbury, who is joining the CBA board, in October 2014.

Clancy Yeates 1:27PM

Commonwealth Bank has appointed Mary Padbury, a top intellectual property lawyer, to its board as a non-executive director.

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Why some experts fear an apartment glut

Plenty can go wrong when buying an off the plan apartment in your self-managed super fund.

Clancy Yeates 11:25AM

Three graphs that help explain why there is a growing concern we may be building too many apartments.

Contains: total comments19 This article contains a video.

How losing trust hurts the economy
Contains: total comments28 This article contains a video.
Scientology was used to train planners, former employee says
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Australian banks face more loan curbs in NZ
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Exclusive Guvera's pre-IPO pitch was false
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Trouble on horizon as SMSFs boom
Contains: total comments102 This article contains a video.

Mining & Resources

AGL to hike power charges

AGL is to slug households with steep price rises from July.

Brian Robins 3:15PM

Power prices are set to rise by much more than the rate of inflation in NSW as

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Palmer shifts blame for Queensland Nickel job losses

Clive Palmer has distanced himself from job losses at his nickel refinery.

10:18AM

Outgoing MP files claim against administrator of refinery.

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World Business

Global jitters rattle markets

The return of the jitters: Patchy global growth, Brexit and US interest rates are driving investors away from stocks.

Mark Mulligan

A fresh bout of global fear ahead of the US Fed's latest rate decision is weighing heavily on markets.

Contains: total comments1 This article contains a video.

Weak construction blunts Chinese rally

Workers stand on bamboo scaffolding at a construction site in Chongqing, China.

Philip Wen

Fresh data shows Chinese investment growth is at a 16 year slow.

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Trump's loose lips causing pain
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'What are Americans thinking?'
Contains: total comments46 This article contains a video.
How to fend off Trump's Oreos attack
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The lunch that will set you back $4.7m
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Tesla: Lost wheel was just the first surprise
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Consumer Affairs

1109 carat diamond up for auction

Latika Bourke 12:21AM

The largest uncut diamond to be discovered in a century is expected to fetch nearly $100 million when it is put up for auction next week.

Contains: This article contains a video.

The extra 50 million customers hiding in plain sight

Lucy Battersby 7:33PM

For the first time Australian companies can met face to face with a small and elusive group of shoppers who hold access to an additional 50 million customers.

Contains: This article contains a video.

Sydney Water's new fees
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Melanie's $231,000 tip-off
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Blitz on dangerous toys nets $30,000 in fines
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It costs $4.20 a week to power Pia's car
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Six things to tell your kids about money
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Egg industry grinding male chicks to death
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Property Focus

Brutalism no obstacle for Woods Bagot fit-out

Woods Bagot's new office in the brutalist-style building on the corner of William and Little Collins streets.

Stephen Crafti

Woods Bagot had been in its Southbank office for 10 years. While the view of the Yarra from the building's domed ceiling was impressive, the office required updating.

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Vending machines are the new retail frontier

Moet vending machine at Selfridges department store in London

Carolyn Cummins

Lovers of Moët & Chandon champagne will soon be able to have their own AbFab moment, with plans advanced to have a vending machine full of bubbles in Australia.

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OECD warns of Aussie property demise

The way a home is priced – whether that be with no price, set-date-sale, offers from, a range, or via auction - is key.

The Organisation for Economic Co-operation and Development sees a 'dramatic and destabilising' end to Australia's property boom.

Contains: total comments221 This article contains a video.

Currently, about 75 per cent of Liverpool's residents leave the area for work each day.

Liverpool emerges as new growth centre

Developer checks out of California Hotel
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Coles, Viva to add over 100 petrol station sites
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PJ Gallaghers sells for $14.5m as investors look north to Queensland
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Darling Harbour in $1 billion revamp
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The 3.9-hectare vacant site at 45-61 Waterloo Road, Macquarie Park, is owned by the NSW government, which through ...

Macquarie Park looks to new developments

Illawarra land sales tipped to exceed $50m

Carolyn Cummins

Industrial property is seen as one offering substantial growth which has triggered the sale of seven sites in Illawarra, with an anticipated combined value of at least $50 million.

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