January
Assault on retail penalty rates may spread to other jobs: ACTU
A major push to simplify the retail award, backed by Coles, Woolworths, 7-Eleven and Mecca, has sparked union fears of a broader attack on penalty rates.
- David Marin-Guzman
July 2024
Chinese hackers unveiled; Telstra hikes prices; Bapcor shuns $1.8b bid
Read everything that’s happened in the news so far today.
June 2024
- Analysis
- IPO
Guzman y Gomez’s big challenge? Keeping its franchisees smitten
The growth of the Mexican-themed fast-food business is directly tied to its store owners. The experience of other companies shows managing this is no easy task.
- Carrie LaFrenz and Max Mason
December 2023
Jobless rate rises; What Fed cuts mean; ATAR’s pay effect
Read everything that’s happened in the news so far today.
October 2023
7-Eleven posts higher profits but warns of spending slump
The country’s largest convenience retailer is in the midst of an auction process after being placed on the market by the Withers and Barlow families.
- Updated
- Carrie LaFrenz
Xpress servos up for sale to recoup NAB losses
Receivers of the fuel business that is allegedly behind a $43 million fraud scheme targeting NAB have put the company’s petrol stations up for sale.
- Campbell Kwan
July 2023
Baker’s Delight head office taken to court over $1.25m+ underpayments
The workplace watchdog says the baked goods chain knew its franchisee stores were underpaying staff but failed to stop them.
- Updated
- David Marin-Guzman
- Opinion
- Chanticleer
7-Eleven sales pitch pits $1 coffee against cut-price fuel
Fuel or convenience retailer? That’s the debate raging over 7-Eleven’s Australian arm, as its owners collect indicative bids, and for which Ampol is a contender.
- Updated
- Anthony Macdonald
June 2023
7-Eleven delivery closer after Seven Network’s legal loss
Seven Network has failed to hold onto the 7NOW trademark, opening the door for 7-Eleven to use the same brand name to launch a food delivery service in Australia.
- Miklos Bolza
May 2023
Flyer out for $220m-a-year 7-Eleven, Japanese suitor bankers up
The company expects to report merchandise sales across its network of $1.8 billion this financial year, and an EBITDA of around $220 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April 2023
Southern Asia swelters as Bangkok hits 54 degrees
Recent extreme heat in Thailand smashed electricity consumption records there as Bangladesh and India also suffer.
- Reuters
January 2023
- Exclusive
- IPO
Dealmakers put hopes on late IPO rush
Virgin, Chemist Warehouse and 7-Eleven must wait for a turnaround in capital markets as bankers bet on the second half to rescue the dismal floats outlook.
- Kanika Sood and Emma Rapaport
November 2022
- Exclusive
- Luxury property
7-Eleven co-owner’s family sells mansion for record $31m
The family of late 7-Eleven co-owner Beverley Barlow sold her mansion for more than $31 million, setting what may be a short-lived record for the Melbourne suburb.
- Michael Bleby
September 2022
Crypto class actions alert as Victoria becomes forum of choice
Victoria’s landmark class actions reforms have made it the jurisdiction of choice for securities claims
- Michael Pelly
August 2022
- Analysis
- Start-ups
M&A on the way as giants wait for the milk to sour at Aussie start-ups
Fast-delivery start-up Milkrun has big aims of taking down grocery goliaths such as Woolies and Coles. But the market has turned, and the giants could take it out.
- Mark Di Stefano
July 2022
- Analysis
- Inside Government
Privacy: test case for biometrics
The privacy commissioner’s investigation of the use of facial recognition technology by Bunnings, Kmart and The Good Guys is set to be a test case for the use of biometrics to thwart theft.
- Tom Burton
June 2022
Calls for privacy law reform after Bunnings facial recognition scandal
Biometric surveillance inside shops often falls foul of Australia’s Privacy Act, but retailers don’t care because the fines are so small, privacy experts warn.
- John Davidson
Investors pump $50m into service station retail fund
Fund manager Banner Asset Managements says services stations and convenience retail stores generally perform better than other types of retail assets.
- Larry Schlesinger
- Exclusive
- Gig economy
Uber drivers stay home and suffer as petrol prices bite
Uber drivers are earning less money now than three years ago, as petrol prices force them off the road, and the taxi industry spies a chance for a resurgence.
- Yolanda Redrup
May 2022
- Exclusive
- Funding
Software start-up banks $11m to combat wage theft crisis
Yellow Canary says its software solves the problem of underpayment of wages and entitlements, which total over $6 billion a year in Australia alone, VC has come knocking.
- Paul Smith