Wesfarmers shelves Officeworks IPO
Wesfarmers has shelved plans to spin off its stationary and office supplies chain Officeworks into a separately listed company, citing "current equity market conditions".
Reporter for The Age
Wesfarmers has shelved plans to spin off its stationary and office supplies chain Officeworks into a separately listed company, citing "current equity market conditions".
PM indicates Australia might consider the ban on some international flights.
Jetstar has started charging passengers to travel with babies on their laps during domestic and international flights.
The Commonwealth Bank appears to be testing the waters for an advertising campaign against the federal government's proposed bank levy, by paying to spread its chief executive's criticism of the new tax on social media.
Oroton has entered a trading halt as it prepares to reveal that sales have continued to deteriorate.
Qantas' dominance of the local market and its profitable loyalty program have earned the airline a credit ratings upgrade from Moody's.
Greens senator Peter Whish-Wilson has joined calls for an investigation into the leaking of plans for a levy on Australia's biggest banks, saying it is possible insider trading took place.
Tabcorp has accused the competition watchdog of being "not connected to reality" in an strong-worded response to concerns raised about the gambling giant's planned takeover of fellow wagerer Tatts Group.
Myer boss hit backs at claims that Amazon will devastate its business, saying it was not clear what the online retail juggernaut would offer in Australia.
Australian retailers will cut the price of electronic goods by about 10 per cent to remain competitive, market analysts say.
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