Business News
NATIONAL BUSINESS
Squeeze on for the big four banks
FIERCE competition and rising regulatory costs are taking a toll on the major banks, eroding their profit margins, industry analysts say.
Fairfax gambol is no 1980s replay
THE bid for Fairfax Media is not a “Back to the Future” moment because the world has changed since the frenzy of media takeovers in the 1980s, writes Terry McCrann.
Invasion may be ‘too much’ for Myer
INVESTORS have headed for the exits at Myer after an investment bank warned the ongoing foreign retail invasion may prove “all too much” for the storied department store chain.
Tuning in as Canberra gets with the program
SHARES in Australia’s free-to-air TV networks have surged after the federal government moved to slash broadcast licence fees as part of a reform package unveiled at the weekend.
Questions after Vocus downgrade
VOCUS Group’s after-market revelation of another earnings downgrade last week has raised eyebrows at the share market operator.
BHP is vital to nation’s future
THE federal government has made two important decisions that are very much in the national interest, writes Terry McCrann.
Angas to seek extension approval — again
INVESTORS in Angas Securities’ troubled $220 million debenture fund will be asked for the third time if the Adelaide-based firm should retain control of the fund’s remaining assets.
China match to Power SA firms
A SELECT group of businesses will have the chance to pitch to Chinese investors next month as part of Port Adelaide Football Club’s China engagement strategy.
Every dog has its day
A PROGRAM to promote the state’s fastest growing companies has gone to the dogs. Or, more accurately, to a couple charged with caring for them.
Subs set for CBD building jobs take off
ADELAIDE building subcontractors are set for a work bonanza as two more CBD projects get up and running.
Aussie slumps as Britain heads to polls
THE Australian dollar is spiralling towards a seven-month low against the pound after British Prime Minister Theresa May called a snap general election.
APRA: We’re just warming up
APRA chairman Wayne Byres says the banking regulator may take further steps in its efforts to ensure higher-than-normal cautiousness in residential mortgage lending.
Westpac unveils $4bn cash profit
WESTPAC has reported an interim cash profit of $4.017 billion in what CEO Brian Hartzer has described as a ‘complex’ banking environment.
Ten’s future grim amid funding uncertainty
TEN Network’s future is hanging in the balance, faced with a bleak outlook and grim television advertising market.
Albo: ‘I think Labor ad’s a shocker’
ANTHONY Albanese has slammed the new Labor Party white ‘Australia First’ ad starring Bill Shorten, after it sparked social media backlash for being racist.
Aussie ex-Thermomix seller sues
A FORMER Thermomix contractor in Perth is suing the company, claiming her business was taken away without compensation.
