Hopes high as watchdog prepares to rule on Virgin-Qatar marriage
The competition watchdog is considered close to making its decision on the Virgin-Qatar deal that will see the Gulf carrier double its flights into Australia.
Companies
Jetstar’s overnight switch to a new public image
Jetstar is undergoing an overnight image change.
Major Aussie food company collapses
A major Australian food company will end production this week, leaving farmers who are owed millions in the lurch.
Bullish outlook for Web Travel after tough second quarter
Newly demerged Web Travel has given investors something to smile about with a $150m share buyback on the back of a lower half-year profit.
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Dark warning in CBA’s 9 billion profit reveal
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
Company collapses after 4 sales in 4 years
An Aussie tech start-up that sensationally collapsed with debts of more than $12 million was losing money since its inception.
Tragic post before chopper pilot crashed into hotel
A ground crew employee of Nautilus Aviation who had recently been promoted has been confirmed as the pilot of a helicopter that crashed into a Cairns hotel.
Why CSL doesn’t see itself as another big pharma
The homegrown drug company wants to be known as a smart manufacturer as much as for its role in helping to save lives.
ASX ticks up; CSL’s worst day this year; wages growth cools
Wages growth at its slowest pace in two years, but no rate cut yet. CSL’s FY25 guidance disappoints. Orora rejects Lone Star’s ‘opportunistic’ $4.3bn offer. Seek dives after swing to loss. Temple & Webster soars on trading update.
Virgin’s ‘bold new strategy’ for lucrative FIFO routes
Virgin Australia will spend ‘hundreds of millions’ on new Embraer 190-E2s and add 150 more jobs, including pilots and cabin crew, on its Western Australian fly in, fly out routes.
Aussie wages rise for June quarter
Australian wages have ticked up nearly 1 per cent in the past three months.
Viral reaction as US moves to ban gym ‘scam’
There’s been a viral response to a planned change to consumer law in the United States — showing how much people hate this “scam”.
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