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Treasury Wine Estates chief executive Michael Clarke.

Wine giant's $3000 all-staff bonus draws fire

Australia's biggest wine company Treasury Wine Estates will boost shareholder returns and undertake a $300 million share buyback, as it rewards staff with a one-off bonus payment to recognise their contribution.

Mirvac continues to see a "fundamental" undersupply of housing in Sydney and Melbourne.

Mirvac pushes into 'build to rent' amid housing crunch

Mirvac has seen a marginal decline in the number of foreign buyers for its apartments in the wake of the federal government changes to capital control, yet says Sydney and Melbourne remain "fundamentally" under-supplied for housing.

Telstra stock slumped to a five-year low.

Telstra drags ASX south

It was a busy Thursday for company earnings, but a mammoth slide in Telstra was easily the biggest influence on the ASX.

It's a bad day for Telstra investors as its shares crashed on the prospect of lower dividends.

Telstra sheds $5b in minutes after dividend warning

Telstra shares dropped to their lowest price in five years on Thursday after the company announced a "material" reduction in its long-term dividend policy - a move that will affect about 1 million investors.

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