Qld coal king and mattress family magnate join Australia’s richest
Queensland has a new mega rich coal baron, and a mattress magnate from Brisbane also reaches the ranks of the country’s wealthiest elite this year. See how much they are worth.
Qld Business
ASX 200 fades from two-week high; ACCC report boosts Coles, Woolies
TWE on watch as US winemakers now push for tariffs on Australia. Rio joins race for billionaire Mark Creasy’s WA project. Woolworths, Coles mark best day in years after ACCC’s damp squib supermarkets report.
‘Coming at us like a freight train for 20 years’: Brickworks
Brickworks has nailed a return to half-year profit, but says energy supply concerns continue to dampen manufacturing investment, labelling LNG imports ‘an absurdity’.
Star transfers raised red flags at Chinese central bank
Chinese customers at Star Entertainment withdrew up to $20m using the China Union Pay network, raising a series of red flags for the country’s financial authorities.
Eastern seaboard gas surplus to tighten this year: ACCC
Australia’s eastern seaboard may experience a narrowing of the gas surplus for the third quarter of 2025, an ACCC report is expected to say.
Politically charged supermarket probe ends with a whimper
The ACCC’s supermarkets inquiry was always a political solution to a cost of living crisis that the Albanese government had been woefully slow to recognise.
Landmark inner-Brisbane pub to reopen after three-year closure
A heritage-listed inner-Brisbane pub that has sat vacant for three years will be revitalised by a renowned Queensland hospitality family.
Time running out for a pension boost from Britain
The UK state pension can be paid to many people in Australia, and a deadline looms to be able to buy years of extra payments.
PwC wrongdoers ‘must face full force of the law’
Outgoing federal Assistant Treasurer Stephen Jones has taken a swipe at PwC’s deceit in responding to its tax scandal and says there should be consequences for those responsible.
Swyftx bulks up with NZ crypto exchange purchase
Brisbane cryptocurrency exchange Swyftx has become the dominant player in the Oceanic region with the purchase of a New Zealand business.
McKernan makes his mark in the wellness sector
A former AFL star is hoping to kick a goal with a mind and body lifestyle centre on the Sunshine Coast which is due to open in May.
Speculation over new QBCC commissioner
The embattled Queensland building regulator has been searching for a new commissioner for the past three months … and they may have found one.
Hard FIZZ in the mix for Coast dance party
An alcoholic seltzer brand is gearing up for the Out 2 Lunch concerts at Surfers in May with another sponsorship deal after last year selling $500,000 in drinks at the event.
Is Solomon Lew breaking up with fast fashion?
The retailing billionaire offers clues over his next big bet. This time, apparel is likely to be left on the rack.
WiseTech’s Richard White is now untouchable
If the WiseTech boss was another chief executive, he’d be long gone. Instead, a weak board had delivered a predictably weak response to his actions.
Construction giant’s 2032 Games pitch as stadium decision nears
Australia’s largest privately-owned civil contractor, Brisbane-based BMD Group, wants a piece of the action when 2032 Olympics contracts are handed out.
Top tier law firm locks in prime spot in $800m Brisbane office tower
A major law firm has secured a 10-year lease in an $800m premium office tower in the Brisbane CBD before it’s even been completed.
Hottest property in Qld revealed: 50 per cent hike in a year
Home values have soared in one Qld suburb by almost 50 per cent in 12 months with homes on the market for just 11 days – the fastest in the state. SPECIAL REPORT
$1.5bn dispute resolved: Seymour and Dexus bury the hatchet
The stoush between property developer Kevin Seymour and ASX-listed Dexus has been resolved paving the way for the construction of the $1.5bn plus Newstead Green urban renewal project .
$25m sale: Government swoops on children’s home
A children’s and families support centre in Brisbane bayside that has been run by a non-profit group for almost 80 years has been snapped up by the state government.
Corporate crises have long-term impacts beyond financial
A new global study of corporate disasters show that companies can take years to recover, with the impacts felt well beyond financial performance.
A national champion in tungsten production
Tungsten supply has suddenly become a critical thing in Europe and the US thanks to Chinese export bans and rising defence spending.
Battles intensifies for CZR iron ore
Competition for the 98.4Mt Robe Mesa project iron ore resource of CZR Resources has heated up with the Robe River Joint Venture led by iron ore giant Rio Tinto joining the fray.
This is why we should never surrender cash
Barefoot’s week-long cash-only experiment turned into a battle with fast-food workers, bureaucrats, and the Royal Australian Mint – revealing just how fragile our financial freedoms really are.
Don’t worry, the ASX’s ‘Trump slump’ won’t last
Barefoot has two tips for getting through the sharemarket downturn: don’t check your share prices and whatever you do, don’t listen to forecasters.
‘Our home insurance has tripled’: here’s how to cut your bill
Over a third of insurers increased prices by more than 15 per cent last year. Here’s Barefoot Investor’s step-by-step guide to get a better deal.
‘My boyfriend’s car addiction has cost us $30k’
Scott Pape tells a young woman whose boyfriend has left them $30,000 in debt because of his car addiction that they should offload the vehicle and she should consider a trade-in of her own.
‘Completely blindsided’: April rate cut is on
A steep decline in employment figures has raised alarm bells as older workers quit the workforce – but the sudden exit has raised the prospect of an April rate cut.
‘Election bribe’: Power bill relief heats up
The government has found money in its budget to lock in an energy bill subsidy until the end of the year, but the Treasurer insists it’s not an ‘election bribe’.
Woolworths, Coles drives ASX higher
A rally in Woolworths and Coles shares on Friday helped the ASX finish higher on Friday, helping to lift the ASX to its best weekly gain in 2025.
Real issue facing supermarkets after probe
Australians have changed the way they shop after the consumer watchdog started an inquiry into the supermarkets.
‘Power’: Big call on supermarket profits
Australia needs more competition in the supermarket industry to stop customers paying a higher margin on their groceries, an industry expert warns.
How Trump move made Aussies poorer
There’s a simple reason why most Australian workers were a little poorer at the end of February, and it’s all to do with Donald Trump.
More Business
Big Blue: Meet the CEO who’s thinking laterally
A small buyout of a Perth operator has big global implications for Cleanaway, a company better known for collecting household waste for councils.
Cyclone-hit businesses won’t be penalised for late loan payments
The top banks have assured businesses hit by Cyclone Alfred that missed loan repayments won’t harm credit scores — provided they notify lenders. SEE OUR CYCLONE VIDEO / PHOTOS
Mineral Resources shares tank on latest haul road hiccup
Less than a month after Mineral Resources boss Chris Ellison said issues with the haul road were ‘not a big deal’, a $200m milestone payment is at risk if it doesn’t hit its ore volume target by the middle of next year.
Aussie invoice payments a likely casualty of Trump tariff war
US President Donald Trump’s tariff regime will put more Australian business behind in invoice payments, sending many into insolvency, says CreditorWatch.
Gupta can’t hide financial secrets from Whyalla mess
OneSteel was never really a business under Sanjeev Gupta’s ownership. Steelmaking was just a by-product of the magnate’s financial engineering.
Bradbury does a… well, Bradbury to save iconic Brisbane brewery
One of Australia’s most famous Olympians has swooped in to save the day for Brisbane beer lovers, resurrecting a venue destined for closure.
New Hope surges on buyback and teases more to come
Coal miner New Hope Corporation says it will buy back up to $100m of its own shares as they are trading below their true value, and has flagged the potential for more capital management.
Crown names US resort veteran to head Melbourne flagship
Crown Resorts has named US casino executive Ed Domingo as the new chief executive of its Melbourne property as it plans to roll out new investment across the company.
Gupta ‘stonewalling’ Whyalla steel probe
Administrators will turn their investigation to the ‘complex web’ of deals between the magnate and the collapsed steelmaker.
Bumper profit for New Acland after greenies drop legal challenge
The New Acland mine is on track to hit its 2027 target of extracting 5 million tonnes of coal per year as it posts profits across the board.
American ‘Village Roadshow’ bankruptcy unrelated to GC theme park giant of the same name
United States company Village Roadshow Entertainment Group – which no longer has ties to the successful Gold Coast theme park giant of the same name – has collapsed in a $1.57bn debt pile.
First look: Brisbane’s bid to bounce back from $70m Alfred impact
The tourism sector was king-hit by Cyclone Alfred – but now it’s fighting back with a number of secret weapons.
‘Backfired badly’: Call to reverse Qld coal royalty hike before billions more lost
Queensland’s highest-in-the-world coal royalty tiers should be axed before they cause billions more dollars in revenue to be lost and put frontline services at risk, the state has been warned.
Getting the band back together: Behind banking’s extraordinary day
A series of cascading executive moves in one day, including a high-profile defection, are reshaping the top of the nation’s banks.
Hardware franchise hammered into administration
A Gold Coast store in a well-known hardware franchise has shut down and been hammered into voluntary administration. Read the details
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