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Net profit "on a replacement cost" basis was expected between $290 million and $310 million in the first half.

Caltex tips profit rise on wider refiner margins

Fuel supplier Caltex Australia says it expects underlying half-yearly net profit to rise as much as 22 per cent as it benefits from higher refiner margins and bigger volumes of premium diesel sales.

Uber has been embroiled in successive scandals in recent years.

Uber's lesson: We need to fix the startup culture

Overlearning the lesson of Steve Jobs' first fall at Apple - and of founder-led hypersuccesses at Google and Facebook - Silicon Valley's investors created a culture where founders are given carte blanche.

Small Business

'We're not doing anything to prep for Amazon'

John Winning, boss of Appliances Online isn't fazed by the entrance of Amazon.

The rhetoric around Amazon is small businesses should be trembling in their boots. John Winning, CEO of Appliances Online, isn't buying it. He says it is business as usual for the company.