Roger Corbett refuses to back Woolworths' new chief
Woolworths' high profile former chief  Roger Corbett has lashed the retailer for not competing on price or quality with ascendent discount giant Aldi.
Stock Ticker
- AGL AGL ENERGY LIMITED. 0.32%
- AIO ASCIANO LIMITED -0.22%
- AMC AMCOR LIMITED 2.40%
- AMP AMP LIMITED 0.40%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 1.33%
- APA APA GROUP -0.78%
- ASX ASX LIMITED 2.13%
- AZJ AURIZON HOLDINGS LIMITED 0.21%
- BHP BHP BILLITON LIMITED 1.50%
- BXB BRAMBLES LIMITED 1.43%
- CBA COMMONWEALTH BANK OF AUSTRALIA. 0.49%
- CCL COCA-COLA AMATIL LIMITED 1.12%
- CPU COMPUTERSHARE LIMITED. 1.66%
- CSL CSL LIMITED 0.38%
- CTX CALTEX AUSTRALIA LIMITED 3.14%
- DXS DEXUS PROPERTY GROUP -2.17%
- GMG GOODMAN GROUP -0.70%
- GPT GPT GROUP -2.56%
- IAG INSURANCE AUSTRALIA GROUP LIMITED -1.11%
- IPL INCITEC PIVOT LIMITED -1.04%
- JHX JAMES HARDIE INDUSTRIES PLC 1.03%
- LLC LENDLEASE GROUP 0.57%
- MGR MIRVAC GROUP -0.49%
- MPL MEDIBANK PRIVATE LIMITED 1.75%
- MQG MACQUARIE GROUP LIMITED 1.09%
- NAB NATIONAL AUSTRALIA BANK LIMITED 0.45%
- NCM NEWCREST MINING LIMITED -0.17%
- ORG ORIGIN ENERGY LIMITED 1.47%
- ORI ORICA LIMITED -0.16%
- OSH OIL SEARCH LIMITED 2.02%
- QAN QANTAS AIRWAYS LIMITED 6.13%
- QBE QBE INSURANCE GROUP LIMITED 1.69%
- RHC RAMSAY HEALTH CARE LIMITED 1.37%
- RIO RIO TINTO LIMITED 1.42%
- S32 SOUTH32 LIMITED -0.64%
- SCG SCENTRE GROUP 0.84%
- SEK SEEK LIMITED 0.68%
- SGP STOCKLAND -2.72%
- SHL SONIC HEALTHCARE LIMITED 0.00%
- STO SANTOS LIMITED 0.00%
- SUN SUNCORP GROUP LIMITED 0.94%
- SYD SYDNEY AIRPORT -1.72%
- TCL TRANSURBAN GROUP -2.35%
- TLS TELSTRA CORPORATION LIMITED. 1.29%
- VCX VICINITY CENTRES -1.81%
- WBC WESTPAC BANKING CORPORATION 0.98%
- WES WESFARMERS LIMITED 0.71%
- WFD WESTFIELD CORPORATION 4.11%
- WOW WOOLWORTHS LIMITED 0.44%
- WPL WOODSIDE PETROLEUM LIMITED 1.24%
Key Stories
Labor plans exploitation crackdown
Underpaid workers will be able to go after head office under Labor exploitation plan.
Read all about it: writers underpaid
Australia's public broadcaster uses a closed-captioning service that paid 'piece rates' to casual transcribers, leaving some earning as little as $14 an hour.
Brexit blow to Bunnings pilot
Britons'Â vote to quit the EU could weigh on Wesfarmers' plan to test its Bunnings UK model as uncertainty tests consumer sentiment.
'Examination about claims not shame'
Dick Smith receiver Ferrier Hodgson claims the public grilling of former directors and office holders is an essential part of its investigation.
The day Cinthia's Audi went missing
She thought her car had been stolen - but the police told her otherwise.
Andy Penn's $250 million patch
Telstra boss Andy Penn has many reasons to be a bit more cautious in his latest mea culpa and $250 million network patch.
- Property A-listers buried under Keystone collapse
- Consumer Affairs Expense doesn't equate to worth
- Markets ASX up as investors buy sold-off stocks
- Workplace Relations Asbestos compensation processing times drop
- Business Telstra invests $250m to fix network
Market Indices
Last updated: June 30, 2016 - 1:12AM
Last updated: June 30, 2016 - 1:12AM
Last updated: June 30, 2016 - 1:12AM
Last updated: June 30, 2016 - 1:12AM
Advertisement
Brexit hits China, already grappling with slowdown
The official Chinese reaction to Brexit has been largely dispassionate, but risk posed by the event is more worrying.
In Depth
Gasoline Machine shock
VIDEO: After coming out of a Pilates class, Cinthia Elias noticed her Audi TT was missing. After calling the police to report it stolen, she received a shock.
How shared is the shared economy?
VIDEO: Originally a peer-to-peer lending environment, the sharing economy risks becoming impersonal as commercialisation takes hold.
Turnbull to meet Murray Goulburn
VIDEO: Alan Jones questions Malcolm Turnbull over the Murray Goulburn issue asking what the PM will be doing about it.
Workplace
Why you should quit your job ... soon
There are a few sure signs it's time to find somewhere else to work.
The secret to retaining top talent
Job satisfaction is the key to increasing your employee retention rate.
Markets
Markets Live: The Brexit bounce
Live
ASX climbs as mood lifts and Brexit stocks lead broad rally.
Brexit could force four RBA cuts
The fallout from Brexit could make the Australian dollar even more attractive say economists who tip the RBA will cut the cash rate again.
Caltex profit hit by margin squeeze
A squeeze on oil refining margins has hit earnings of Caltex, the country's largest oil importer and refiner, despite a lift in volumes of petrol sold.
Brexit strengthens forces haunting global economy
Search Quotes & Charts
The Economy
Brexit set to force Reserve Bank's hand on rates
We are now beginning stage two of the Brexit fallout: Falling interest rates around the world. And Australia will be no exception.
New home sales fall again
New home sales have fallen for a second straight month, but it should be just a cyclical downturn with signs of a possible rebound when the home-building boom ebbs.
Retail
Roger Corbett quits Woolworths
Woolworths former chief Roger Corbett has unexpectedly quit Australia's biggest supermarket chain just seven months after rejoining the business.
Banking & Finance
Samsung Pay takes on Apple
Samsung is hoping its payment system launched in Australia on Wednesday will drive more sales of higher-end phones.
Banks turning sour on dairy debt
Murray Goulburn's decision to open 2017 farmgate prices below market expectations will put farmers in the gun and banks on high alert.
Mining & Resources
Caltex profit hit by margin squeeze
A squeeze on oil refining margins has hit earnings of Caltex, the country's largest oil importer and refiner, despite a lift in volumes of petrol sold.
Oil heading towards $US10 handle
A drop below $US20 per barrel would be a shock reminiscent of the dotcom collapse in the late 1990s.
World Business
More than fear and greed
Most Australians would probably class our relationship status with China as 'it's complicated'.
Brexit costs world's wealthiest $270b
The combined net worth of the world's 400 richest people has been cut by $US196 billion ($268 billion).
Advertisement
Consumer Affairs
Costly health cover isn't always the best
Caution urged at end of financial year as providers pull out all the stops to grab your money.
The day Cinthia's Audi went missing
She thought her car had been stolen - but the police told her otherwise.
Featured advertisers
Property Focus
Mirvac looks to raise $235m from assets sales
Mirvac has raised $235 million from the sale of two mixed use office towers at Rhodes in Sydney's North west to the Altis Property group.
Telstra offloads sites into heated sector
The buoyant residential property market is still spurring development activity with multiple sites exchanging hands.
Collins Street commands premium
A dilapidated Collins Street office has been snapped up by a Chinese investor for more than $18 million.
Starwood launches new Parramatta hotel
Investors snap up $300m in commercial property deals
Investors have shunned Brexit uncertainty and poured close to $300 million into office and industrial assets as they seek high yielding returns amid speculation of further interest rate cuts.
Executive Style
Ten secret bars you need to know
Shhh! How many of these hard-to-find drinking dens have you found?
Money
'My car has a better social life than I do'
The sharing economy is more than just Uber and Airbnb, there are dozens of local start-ups letting individuals sell access to their unused assets, time and skills.
How to choose a home broadband plan
Fast internet has reared its head as an election issue, with three out of four households not yet connected to the NBN.
Small Business
The biggest boom yet
If you're looking to start a business is an industry that's practically recession proof, look no further than aged care.
Texting to success with new technology
Imagine texting your hairdresser to say 'can I come in for a haircut?'
Business Video
How shared is the shared economy?
Originally a peer-to-peer lending environment, the sharing economy risks becoming impersonal as commercialisation takes hold, says a sustainability expert.
- Duration
- 01:30
-
- Duration
- 01:42
-
- Duration
- 01:24
-
- Duration
- 01:37
-
- Duration
- 00:38
-
- Duration
- 01:57
-
- Duration
- 01:01
Comment & Analysis
Star to shine for a long, long time
Contains:
This article contains a video.
Brexit set to force Reserve Bank's hand on rates
Contains:
total comments53
This article contains a video.
Banks turning sour on dairy debt
Contains:
This article contains a video.