Last updated: June 16, 2017

China demand fuels A2 surge

Bottles of A2 milk are displayed in a fridge in Sydney on Tuesday, Nov. 22, 2016. The A2 Milk Company will today be holding their Annual General Meeting. (AAP Image/Paul Miller) NO ARCHIVING

A2 Milk shares have surged over 10pc after it upgraded revenue guidance for a second time amid booming demand from China.

Watchdog sues Thermomix

HOME: Feature/Favourite

The ACCC is taking the food processor to court for allegedly misleading customers and not reporting injuries.

Alex Malley stays put at CPA

Alex Malley, Chief Executive CPA Australia, speaking at the National Press Club in Canberra today.

CPA boss Alex Malley has dug in atop the accountancy body despite more than half the board exiting and an ASIC probe.

Telstra denies job cuts ‘ambush’

Telstra Set To Cut Hundreds Of Jobs To Account For Expected NBN Deficit

Telstra has rejected accusations that it ambushed the communications union on its decision to sack 1400 workers.

‘Movie piracy wounded network’

Village Roadshow CEO Graham Burke

Illegal downloads are partly to blame for Ten’s woes, Village Roadshow co-chief executive Graham Burke says.

Bellamy’s up as trade resumes

formula shortage

Bellamy’s was the best performer on the S&P/ASX 200 yesterday as the infant formula supplier resumed trading.

ASX 200 TOP GAINERS & LOSERS

Company Name Price Change %Change
Galaxy Resources Limited 1.64 +0.09 UP +5.8065%
Nine Entertainment Co. Holdings Limited 1.35 +0.06 UP +4.6512%
NEXTDC Limited 4.54 +0.17 UP +3.8902%
Fletcher Building Limited 7.54 +0.24 UP +3.2877%
Brickworks Limited 14.39 +0.42 UP +3.0064%
Mineral Resources Limited 10.21 -0.54 Down -5.0233%
Aconex Limited 4.11 -0.19 Down -4.4186%
Reliance Worldwide Corporation Limited 3.49 -0.14 Down -3.8568%
Sims Metal Management Limited 13.47 -0.49 Down -3.51%
Syrah Resources Limited 2.59 -0.08 Down -2.9963%

12:00AM AEDT

West Village project takes off

BCM Home: West Village at West End is already at 70 per cent sold off-the-plan just weeks from launch.
Sekisui House is forging ahead with its $800 million West Village mixed used complex in Brisbane.

Ingenia Durack buy adds 253 sites

QLD_CM_PRIMEINGENIA_26NOV15
Seniors living operator Ingenia has bought Brisbane’s suburban Durack Gardens for $25 million.

Watpac dives on earnings warning

Property: Watpac CEO Martin Munro, pictured in Sydney.
Builder Watpac has suffered a share price sell-off after revealing an earnings downgrade.

Macquarie wants tax exemption

NAB chief financial officer Gary Lennon leaves a meeting with the Treasury in Sydney, Thursday, May 11, 2017. (AAP Image/David Moir) NO ARCHIVING
Macquarie Group says it should be spared the proposed bank levy because it is “not a major bank”.

Revamp as Posco wins Arrium

A steel worker is seen grinding a piece of railway track at Arrium steelwork facilities in Whyalla, Thursday, May 4, 2017. Mining giant Adani announced today it had signed a deal with Arrium's Whyalla steelworks to buy steel for a railway line for the proposed Carmichael mine project. (AAP Image/Lukas Coch) NO ARCHIVING
Korean steelmaker Posco promises a $1.4 billion overhaul that should give ­Whyalla a future.

Citic denied Palmer grilling

Australian businessman, Clive Palmer speaks to the media at the Perth Supreme Court, Wednesday, June 14, 2017. Clive Palmer is in a Perth court as his private firm Mineralogy embarks on its main legal battle with estranged joint-venture partner CITIC Pacific. (AAP Image/Tony McDonough) NO ARCHIVING
Clive Palmer was due to be quizzed on talks between him and Citic on a deal over his Pilbara iron ore tenements.

Slowdown ‘could cool market’

Weekend auction wrap 2
Demand from investors is dropping, which could slow the housing market more than people expect, CoreLogic says.

Gateway Lifestyle cuts guidance

Quest - Active Living - June 2017 - Gateway Lifestyle.
The retirement village provider cut its full-year earnings guidance, blaming bad weather for delayed settlements.

Disrupting the housing market

BUY a PIECE of MANLY R/EST
The heat in Australia’s housing market is creating opportunities for disrupters to work with buyers and vendors.

Execs help themselves to $300m

Man with Money
The big four and Macquarie paid a combined $300m to their small senior executive teams last financial year.

Companies to cough up for ASIC

The Australian Securities & Investments Commission (ASIC) chairman, Greg Medcraft at Senate estimates at Parliament House in Canberra, Wednesday, May 31, 2017. (AAP Image/Mick Tsikas) NO ARCHIVING
The corporate watchdog has secured its new funding model, with companies and individuals set to pay from July.

Amazon already a force: Scentre

Retail
Amazon is already a force on the Australian retail scene according Scentre Group chief executive Peter Allen.

Ten seeks to recut studio deals

The Network Ten logo is displayed on a building in Sydney on Tuesday, June 13, 2017. Ten Network's future has been thrown into doubt after its billionaire shareholders Lachlan Murdoch and Bruce Gordon decided not to support a new funding deal. (AAP Image/Paul Miller) NO ARCHIVING
Ten’s administrator has made renegotiating onerous content deals with US studios 21st Century Fox and CBS a priority.

Boards hire fewer females

Elizabeth Proust
The progress of corporate Australia in achieving true gender diversity in the boardroom is in danger of stalling.

Date set for Ardent showdown

Alex Waislitz, Chairman Thorney opportunities, in Melbourne.
Ariadne and Thorney Investment Group have joined hands in their push to overhaul the Ardent board as date for vote set.

Regulator digs in over gas curbs

Santos
The Australian Energy Market Operator denies that forecasts of a balanced local market make export controls obsolete.

We’re not a big bank: Macquarie

Macquarie Relies on Cost Cuts for Recovery After Profit Sinks
Macquarie has said it is “not a major bank” in a bid to escape the clutches of Canberra’s new $6.2bn bank levy.

Koreans lead Arrium bidding war

An overview of Arrium steelwork facilities in Whyalla, South Australia, Thursday, May 4, 2017. Mining giant Adani announced today it had signed a deal with Arrium's Whyalla steelworks to buy steel for a railway line for the proposed Carmichael mine project. (AAP Image/Lukas Coch) NO ARCHIVING
Korean steel giant Posco and PE firm Newlake have edged out a rival consortium to emerge as preferred Arrium bidders.

Downer lifts, Spotless resists

Spotless
Spotless continues to urge rejection of the takeover offer by Downer EDI, which upped its stake in its target to 30pc.

Vocus spiel fails to convince

Vocus Communications CEO Geoff Horth
Vocus’ investor day has failed to fully convince analysts that management is capable of executing its strategic plan.

From malls to ghost towns

Topshop
Plenty of customers are coming into stores to browse, so why aren't they buying the merchandise?

Fonterra eyes bigger footprint

Dairy industry feature
Fonterra seems certain to steal milk supply from troubled Murray Goulburn with its farmgate price for the coming year.

Construction boom over: Treasury

QLD_CM_NEWS_BUDGET_13JUN17
Queensland Treasury predicts a fall in new dwellings and property-fuelled economic growth in the southeast.

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