Kathmandu founder’s bitter legal war with ex-CEO
Kathmandu founder Jan Cameron is being sued by the former CEO of her investment company who claims she was “illegally sacked” and is now seeking $200,000. See why.
Companies
‘Limitless’: Huge move will change the way Aussies shop
A major overhaul that will revolutionise shopping for Aussie shoppers is being rolled out. See how it will change what you can do at the checkout.
‘Rife with scams’: Big Four banks blast Meta
One in five Australians believe Meta, which owns Facebook, Instagram and WhatsApp, has been “encouraging scams”. Now the banks have had enough.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
Charges after activists’ bold stunt on train line
Charges have been laid after the alleged stunt unfolded at the Port of Newcastle on Tuesday morning in an effort to block train movements.
Australia must make case for global funds: Citi boss
Citi CEO Mark Woodruff is talking up Australia on the global funds stage with hundreds of billions needed for energy, minerals and housing development.
ASX has best day in six weeks; CBA record
CBA soars, sets itself to defend class action appeal. Ex-Seven boss joins tech micro-cap. KFC operator Collins Foods rises on earnings beat. Healius rebounds from downgrade falls.
Qantas to boost regional fleet as it explores electric
Qantas is investing in ‘newish’ Q400s on regional routes while it explores electric and battery powered aircraft for the flights.
Brewery shuts down, industry on its knees
Yet another brewery has joined the growing pile of corporate corpses after abruptly announcing it would be shutting its doors at the end of the week.
The world’s best airlines named … and how Qantas fared
Qatar Airways, the airline denied more flights into Australia, has been named the world’s best at the Skytrax awards, as Qantas tumbled out of the top 20.
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
Myer’s radical plan is all about Solomon Lew
The billionaire retailer is calling all the shots in Oliva Wirth’s audacious bid for the department store to get bigger.
ASX slumps on iron ore, energy woes
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Details of what sparked Westfield meltdown
Court documents have revealed the shocking alleged reason behind a teenage scuffle that sent a major shopping centre into lockdown
Fight over nuclear energy plan heats up
The Albanese government has announced a former Liberal treasurer in a key climate role as it continued its attack on the Coalition’s nuclear energy plans.
ASX falls; Cettire drops 49pc; RMD falls
Cettire trading warning hits hard. ResMed’s big fall a drag on the bourse. Myer soars on move to buy Premier’s apparel business. Star’s troubles continue as interim CFO takes on acting CEO responsibilities.
New plan to keep cash in Australia
Cash transport distributor Armaguard is set to receive a $50m lifeline to stay in business, which will keep cash flowing in Australia for at least another year.
Myer’s surprise move to shake up business
Under the proposed deal, Myer would acquire Premier’s Apparel Brands including Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti.
Bold move to bring down grocery prices
Federal Treasurer Jim Chalmers says increasing competition among supermarket giants is key to placing “downward pressure on prices”.
Victoria’s gas crisis a decade in the making
Millions of dollars have been spent exploring what is thought to be a gas-rich region, with little to show but frustration. Victoria needs to encourage new exploration instead of clinging to El Dorado.
Bird flu detected at second Sydney farm
The highly contagious and deadly strain of avian flu was detected near the first site, with authorities now required to euthanise an estimated 87,000 birds.
Tables for sale: New hack to book top restaurants
A US booking platform has arrived in Australia to help diners secure bookings at our most popular restaurants. But the exclusive access comes at a controversial price.
High price of flexibility for airline passengers
Corporate travellers put such high value on flexibility that they’re paying up to five times more for a flex fare than a ticket that doesn’t allow flight changes.
Wage boost set for thousands of nurses
Thousands of nurses in one state are in line for a huge wage boost in a new deal with the government, following industrial action shutting down hospital beds and surgeries.
Aussie workers most burnt-out in the world
One group of Aussie workers are the most burnt-out in the world, alarming results in a new global study reveal.
MasterChef bar’s ‘heart wrenching’ closure
An award-winning restaurant founded by a former MasterChef contestant has revealed the “heart wrenching” decision to close up shop – just days after being named the state’s best bar.
‘Offensive’: 68yo company forced to close
An Aussie business faced community backlash over an “unbearable” issue which resulted in a $100,000 weekly problem.
ASX gains to close out positive week
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
Major update in live sheep export ban
A parliamentary committee has given the green light to the Albanese government’s Bill to ban live sheep exports, but has made a key recommendation.
Major update in live sheep export ban
A parliamentary committee has given the green light to the Albanese government’s Bill to ban live sheep exports, but has made a key recommendation.
ASX jumps late; CBA retreats; MinRes dives
CBA down after intraday high. MinRes’ ‘stressed balance sheet metrics’ weighs. City Chic’s half-price raise. Guzman y Gomez falls. KMD sees ‘prolonged’ sales impact. Cash Converters ‘running down’ auto arm.
‘Meta doesn’t care’: Grim warning for media
The Australia parliament is being urged to stand up to social media giants and force Meta back to the Media Bargaining Code, with warnings of job losses.
Worrying sign Aussies crippled by debt
Australians have been warned about leaning on risky high-cost credit options like buy now, pay later and payday loans.
Aussie billionaires and millionaires investing in the NDIS
This is where the smart money is, according to Aussie billionaires and millionaires looking for their next payday. See who has invested in the NDIS.
Can Rex climb out of the red with $99 fares to Perth?
Difficulties at Rex Airlines have not gone unnoticed. So will its latest bold fare price move be enough to allow it to finally turn a profit and avoid a fate similar to Bonza?
Major Aussie retailer’s future in limbo
A well known Aussie retailer that had previously enjoyed a boom in sales, raking in millions, is now investigating the financial viability of the businesses.
Channel 7 bloodbath as veteran departs
Channel 7 continues to ring in the changes with the shock departure of a huge name following a clear-out of the executive team across the country.
Optus hack ‘not highly sophisticated’
Hackers were able to obtain personal details for millions of current and former Optus customers in a “trial and error” attack exploiting a coding error, Australia’s telecommunication watchdog alleges.
Optus hack ‘not highly sophisticated’
Hackers were able to obtain personal details for millions of current and former Optus customers in a “trial and error” attack exploiting a coding error, Australia’s telecommunication watchdog alleges.
ASX flat as Guzman rockets
Fast food chain Guzman y Gomez hits high of $30.60 on listing. City Chic flags loss as sales dive. VanEck Bitcoin ETF debuts. Treasury Wine down on guidance miss. Cyan lifts MMA Offshore bid.
Italy tops list for travel insurance claims
A major travel insurer has revealed where Australians are most likely to run into strife in the European summer but it’s unlikely to stop us visiting.
Aussie fast food chain’s $3bn transformation
Ever wanted to own a Mexican fast food business? Well now you can, with burrito giant Guzman y Gomez going public today in a bid to take on kingpin McDonald’s.
Huge amount Aussies paid for film dud
A huge chunk of the budget for Chris Hemsworth’s latest box office flop was picked up by Australian taxpayers, it can be revealed.
Woolies, NAB slammed for ‘crisis profits’
Millions of people have been pushed to the brink by rising prices yet a report has revealed Aussie companies made billions from devastating world events.
Two popular Sydney pubs in crisis
A pub that was established more than 100 years ago and another well-known haunt are facing a crisis.
1000 jobs cut in huge mine closure
One of Australia’s largest mining outfits has announced it will close a large-scale iron ore operation after it was found to be “not financially viable”.
Major Aussie retailer in trouble
The future of an Aussie online retailer looks uncertain after it halted trading on the Australian Stock Exchange.
Why CEOs don’t want Dutton’s nuclear disruption
For business, nuclear represents a solution to a problem that is set to be solved by the time the first reactor is switched on.
ASX dips in quiet trading after hawkish RBA
Hawkish remarks from the Reserve Bank haven’t rattled investors, with Wednesday recording a quiet day of trading following Tuesday’s strong advance.
Price twist in Palmer-backed ‘freedom’ tour
A “freedom” tour backed by mining magnate Clive Palmer and a controversial US commentator has cut ticket prices after appearing to struggle to get bums on seats.
Original URL: https://www.adelaidenow.com.au/business/companies/page/3