How Qatar’s Virgin stake will change aviation
Cashed-up Qatar will likely use Virgin as cover to get more flights into Australia, which ultimately means serious competition for travellers. But what does it mean for Qantas?
Companies
Major retailer in trouble, axes 200 stores
The well known retailer is axing some of its most recognisable brands as it tries to deal with a financial fallout.
ASX 200 lower on BHP, Rio shedding; Sigma lifts
Sigma rockets on ACCC compromise to get $8.8bn merger with Chemist Warehouse across the line. Treasury Wine caves in to proxy demand on CEO bonus. Warmest August since 1910 sees retail sales lift 0.7 per cent.
Aussie shares retreat on mining pullback
The Australian sharemarket retreated from record highs on Tuesday on a sharp sell-off in the mining sector.
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ASX gains; RBA ‘discussed case’ for hike
RBA leaves rates on hold. Eagers Automotive director ends hiatus. City Chic halts as Blundy interest grows. Beach targets more cuts. CBA hits intraday high after Regal’s short reveal. Fortescue block trade weighs.
Aussie retailer collapses, 35 staff sacked
An estimated 60 customers who have paid for goods and services have also been impacted, while 35 staff have lost their jobs.
Bird remains found on Queenstown runway
Queenstown Airport says bird remains were found on the runway shortly after a Virgin Australia flight took off.
Hidden $1.9bn cost in common act
The “complex and opaque” charges have added to calls for greater transparency by the Reserve Bank.
500 jobs at risk as company collapses
A farming business with operations across the country has entered voluntary administration, putting 500 jobs at risk.
Major food business goes bust
A national food manufacturing business, which appears to have more than 500 staff working for it, has gone bust.
Builder collapses, 130 homes impacted
A building company that straddled two different states and territories has collapsed, leading to a “domino effect” impacting 130 projects and 80 staff members.
Another blow to Sydney as loved venue shuts
The future of a celebrated Sydney live music venue, incessantly targeted by NIMBYs, now looks in doubt further damaging the city’s nightlife.
Original URL: https://www.couriermail.com.au/business/companies/page/197