Companies
CBA hikes rates again, posts $4.9bn profit
AUSTRALIA’S biggest bank has made its fattest first-half profit yet after angering home loan customers by failing to pass on in full a Reserve Bank rate cut.
Woolies’ price war weighs on Coles
IS Woolworths poised to overtake Coles for growth in sales for the first time since last decade? Figures out today suggest it may be about to happen.
Aussie retail kingpin steps down
THE chief executive that has overseen powerhouse Aussie retailers including Coles, Bunnings, Target and Kmart for more than a decade is stepping down.
Medibank’s plan to lure customers back
MEDIBANK is trying to win back support with a raft of new sweeteners — as well as informing doctors on which specialists offer gap-free treatment.
ANZ unveils $1.6 billion profit
ANZ has posted a half-yearly net profit of $1.6 billion, up eight per cent on the prior corresponding period.
Medibank half-year profit up 1.9%
MEDIBANK has lifted half-year profit 1.9 per cent to $231.9 million as higher investment income offset lower returns from its health insurance business.
Stuff-up blacks out 60k homes
SOUTH Australia’s power distributor has apologised for accidentally cutting power to 60,000 extra customers during last week’s heatwave blackout.
‘Dishonest people work for us’
SEVEN West chairman Kerry Stokes has slammed Amber Harrison as ‘dishonest’ in a fiery defence of his embattled CEO Tim Worner as Seven profits slump.
‘It has nothing to do with my affair’
THINGS go from bad to worse for embattled Seven boss Tim Worner, who today had to announce a massive 91 per cent slump in profit on the back of his sex scandal.
CBA posts record first half cash profit
COMMONWEALTH Bank has lifted its first-half cash profit two per cent to $4.9 billion, but there’s bad news for interest-only investor loans.
‘Hippie’ dentist banned over HIV scare
HE DESCRIBED his clinic in Sydney’s eastern suburbs as “a bit third world”. Now his dodgy dental practice has finally been shut down.
‘Bullied’ ex-employee sues Lorna Jane
A FORMER employee of Lorna Jane is suing the popular sportswear company for $550,000 over what her solicitor has called “unacceptable” bullying and harassment.
Online beauty retailer parts with Woolies
MAKE-UP and hair products online retailer Adore Beauty and supermarket giant Woolworths have parted ways.
Supermarkets jack up food prices
NEXT time you do a shop, you might be unpleasantly surprised. Prices are rising as Coles and Woolies end big discounting.
JB Hi-Fi lifts profit 16 per cent
CONSUMER electronics retailer JB Hi-Fi has lifted first-half net profit 15.99 per cent to $110.4 million.
Traffic chaos as taxis blockade bridge
TAXIShave begun blockading the Bolte Bridge, bringing peak hour traffic to a standstill in Melbourne.
Coca-Cola profits fall 55 per cent
COLA-COLA is offloading assets and pushing mini bottles and cans in a bid to claw back revenue after sales fell by $59 million.
Right-wing cereal boycott’s epic fail
KELLOGG says it saw no effect from a boycott spurred by its decision to pull ads from a website formerly run by one of President Trump’s top aides.
RBA governor backs company tax cuts
THE Opposition’s attacks on the Turnbull Government’s push for corporate tax cuts have been dealt a blow overnight by RBA governor Philip Lowe.
Westpac banker jailed over $4m fraud
HE SIGNED them up for massive loans and took their money, promising big returns— but it all disappeared in a puff of smoke.
Why Australia’s big business must play fair
OPINION: For countless decades Australia’s largest corporations and government departments have been mercilessly bleeding cash from our employment engine room. Enough is enough.
More luxury fashion brands go under
JOB losses are imminent for Australian workers at two more luxury fashion brands as the retail carnage continues.
Another fashion retailer bites the dust
YET ANOTHER fashion retailer is in strife, with the maker of Herringbone and Rhodes & Beckett the latest to go into voluntary administration.
ABC poaches Foxtel executive
THE woman behind Foxtel’s hit shows Gogglebox, The Great Australian Bake Off and Coast Australia has been poached by the ABC.
Telstra text messages are lost forever
YOU know that witty, insightful text message you sent during Telstra’s network meltdown? Well it’s not coming back.
Amazon’s latest massive gamble
AMAZON isn’t content just being the “everything store.” Increasingly, it looks like it wants to be its own deliveryman, too.
Two Australian fashion giants collapse
MORE than 1000 jobs are on the line as fashion brands David Lawrence and Marcs, both often worn by A-listers, are placed into voluntary administration.
