Aussie footwear brand Wittner collapses into administration
Famous Australian footwear brand Wittner has collapsed, with administrators appointed to the more than century-old company citing rising cost pressures.
Victoria Business
Energy stocks rebound leads ASX higher
The local sharemarket extended gains in afternoon trade, driven by a sharp rebound in energy stocks and buoyant gold miners. Jobs data won’t push RBA rate cut in May. BHP gains on steady March quarter. Woodside spikes on LNG deal, oil price.
Forever young: Richard White tightens grip on WiseTech
The scandal-plagued billionaire has appointed himself to a new executive role and signed a deal to stay at WiseTech until he is 80, while the company says a new CEO won’t be in place until November.
Mineral Resources directors quit as proxy advisers turn up the heat
Efforts to clean up its act after a series of scandals are in disarray, with two Mineral Resources independent board members quitting as proxy advisers turn up the heat on directors who sit on other boards.
China clips Boeing’s wings to the tune of $40bn
Beijing’s instruction to Chinese airlines not to take further delivery of Boeing jets or parts could cost the US manufacturer as much as $40bn.
Star drops on return to ASX ahead of court fight
The troubled casino operator has made a rocky return to the ASX after securing much needed funding, as it prepares to take on Australia’s financial crimes watchdog in court.
Banking boss disappointed ‘no vision or solutions’ from election campaign
Australia’s election campaign is short on substance, with Bank of Queensland boss Patrick Allaway warning both sides have failed to present a vision for lifting the country or solving its housing crisis.
Shock chart shows Australia’s job market in rapid decline
Australia’s job market is rapidly losing steam in the latest sign of a cooling economy, with every state recording a drastic drop in job opportunities and more people looking for work.
Air travel woes spike has police on alert over Easter
A recent surge in bad behaviour by airline passengers does not bode well for the busy Easter holiday period, with federal police increasing airport patrols in preparation.
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How copper explorer Kincora ups its odds
The hardest part of the junior exploration game is funding. But Kincora Copper is showing how to multiply the cash you have to play with.
Electric cars drive novated leasing take-up
Despite the discontinuance of the FBT exemption on petrol-electric vehicles, EVs will remain a popular choice for novated leases.
ASX lifts on strength in gold, oil and rare earths
Despite heavy damage to US markets overnight, the ASX has made solid gains today, posting a 0.64pc lift on strength in oil, gold and rare earth stocks.
End of an era: McCrann’s snapshot of 46 years
It’s the end of an era as legendary business columnist Terry McCrann looks back at the past 46 years as he signs off on his last regular column.
Banducci leaves Woolies in top shape
Brad Banducci should feel pretty satisfied with the latest result at Woolies – his final mark on a stellar turnaround at Australia’s biggest supermarket group.
BHP profit all about China
BHP and its multi-billion profits are still all based on China. Today it’s iron ore tomorrow it will be copper.
Stock shock: why Barefoot Investor’s not panicking
Trump’s tariffs have sent stocks tumbling, but history favours the patient investor. Here’s why staying the course beats panic-selling, according to Barefoot Investor.
‘Hogwarts without magic’: Barefoot son’s brutal Jim rating
He’s only a kid but Barefoot Investor Scott Pape’s son had some choice words for Treasurer Jim Chalmers about the gaping holes in his budget.
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.
More Business
Qantas brand reaches new heights in global rankings
After years of decline, Qantas’ brand is on the rise with the carrier returning to the top ten ‘strongest airline brands’ globally thanks to a $1.3bn boost to its reputation.
Earn 500k frequent flyer points just by having money in your account
Customers can now earn up to 500,000 Qantas Points per month just by having money in their account under a new partnership with one of the big banks.
Every Jeanswest store to close ‘within weeks’ amid stock fire sale
All 87 Jeanswest stores will close down in coming weeks as $20m of heavily discounted stock goes on sale. It comes as administrators work on a plan to salvage the iconic brand.
It’s expensive to get to net zero: Fortescue racks up $350m drill bill
Fortescue has started work on one of the giant solar farms it needs to turn iron ore mines green and is forking out $350m for electric drill rigs.
Star reveals financial dire straits amid gaming slump
Star Entertainment’s losses have deepened, underscoring the challenges its new US owners face in turning the troubled business around.
Mirvac sells three Harbourside apartments for $65m
Cashed-up buyers have splurged on three sub-penthouses in Mirvac’s Harbourside Residences tower in Sydney in some of the biggest residential deals of the year.
The end of Taco Bell? KFC operator dumps struggling chain
Collins Foods has called time on Taco Bell after failing to land a punch on its Mexican rival in Australia, Guzman y Gomez, with the future of all Taco Bell stores nationally up in the air.
Be warned, small home deposits are very risky
With just a 5 per cent deposit, first-home buyers face heightened risks and higher mortgage rates.
Tariffs and weak dollar set to fuel insolvencies
CreditorWatch warns that more businesses are at risk of going bust amid the impact of Donald Trump’s tariffs, following a surge in failures in the past year.
Builder who delivers houses in 60 days rues election promises
Policies that don’t take into account the tough time the housing sector has in building new homes are doomed to fail, the industry has warned.
Doctors turn to AI-powered consultations
An Australian start-up is supporting more than one million GP consultations each week thanks to AI and Google – and expects that number to surge to about 10 million soon. Here’s how your consult is changing.
Sony hikes price of PS5 in wake of Trump’s tariffs
Sony cited a ‘challenging economic environment’ behind a price hike for its PlayStation 5 gaming consoles, in response to Donald Trump’s reciprocal tariffs.
Want to be a property investor? Ask these 10 questions first
Investing in real estate is a cornerstone of wealth for a majority of Aussies, but before getting started you should ask yourself this.
Chemist Warehouse shoppers spending up: Macquarie
Chemist Warehouse is dominating the nation’s pharmacy sector, with average monthly spend at its stores more than 50 per cent higher than at other chemist chains, new research has revealed.
US falling out of favour with Aussie travellers
Latest travel figures show just how far America has slumped on the list of destinations Australians book for international trips.
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