New crisis to hit shoppers with higher prices
There’s a growing crisis in Australia’s trucking industry, and shoppers everywhere will be the losers.
Small Business
Grim warning as tax cuts hit wallets
Aussies will be richer with the arrival of Stage 3 tax cuts, but experts are warning the boost could trigger higher inflation and send mortgage payments soaring.
Aussie businesses wobbling on flat turnover
It’s been a difficult few months for business in Australia and there’s no end in sight, with turnover down for the month of May.
KFC entry triggers fury on famous street
Locals in one multicultural jewel are clucking with anger over plans for a new KFC restaurant in the area, with fears “little guys” could be pushed out.
Aussie stocks fall on iron ore, oil retreat
The sharemarket has started the week on a low note after a retreat in iron ore and oil prices over the weekend.
Popular pizza chain quietly shuts down
A popular pizza chain has quietly shut its stores and online delivery service, becoming the latest victim of the nation’s hospitality bloodbath.
Slip shows dark turn in Aussie housing
Demand in Australia’s housing market could be easing off, with a shock fall in new lending commitments.
Cult-favourite pizza chain confirms worst
A cult-favourite pizza chain has abruptly closed stores in two Aussie cities, citing an all too familiar reason.
Bargain hunters turn out for early sales
The ABS has released its latest data on retail trade and building approvals, and the numbers show a boost for the Aussie economy.
Last drinks for ‘world’s toughest pub’
An Aussie pub that holds the world record for the most stabbings in one night is getting ready to pour its last drinks after it was listed for sale.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
ASX slumps on iron ore, energy woes
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Cold reality sends workers back to offices
A young Aussie has revealed the harsh reality that could send Gen Zers and Millenials back to offices.
ASX gains to close out positive week
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
Aussie fast food chain’s $3bn transformation
Ever wanted to own a Mexican fast food business? Well now you can, with burrito giant Guzman y Gomez going public today in a bid to take on kingpin McDonald’s.
‘Why?’: Cost crisis kills unique cafe
A unique cafe in Perth, which survived the challenges of Covid-19 and even a road closure, is the latest to be struck down by new insurmountable pressures.
Sooky neighbour’s win over local cafe
Thousands of coffee-lovers are angry after a cafe was forced to make major changes to its operations to keep one peeved neighbour happy.
500 jobs at risk as company collapses
A farming business with operations across the country has entered voluntary administration, putting 500 jobs at risk.
Reality star closes pyjama business
An Aussie reality TV star has been forced to close her “passion project” business just four years after it began trading.
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.
All the changes coming next month
From tax to minimum wage, the financial landscape for Australians will change dramatically from July 1. Here’s what’s coming.
Major Chemist Warehouse move hits millions
A takeover deal that would affect millions of Aussies has just hit a potential roadblock.
‘Gut punch’: Major retailer copies bestseller
The well-known Australian retailer has been accused of creating an item that is identical but selling it for almost $70 less.
Push to get 500,000 Aussies a pay rise
Unions have launched a landmark bid to abolish the junior pay rates for half a million young workers.
Eye-watering fine over dodgy bid plot
An Aussie tech company has been fined $1.5m for attempted cartel bid rigging, related to upgrades at an iconic building in Canberra.
Cost of Aussie breakfast staple to soar
Bad weather and disease is making an iconic Aussie breakfast staple harder to find on supermarket shelves – and farmers reckon prices are going to get even worse.
Yoga teachers beat tradies on migrant list
Amid a housing crisis and building companies going bust, a draft list of priority migrant workers has fast-tracked yoga teachers above some tradies.
Beloved restaurant closes after 13 years
A beloved up-market eatery in a well-heeled suburb of Melbourne has closed for good, serving its final customer on Saturday night.
Millions of Aussies set for pay rise
Australia’s workplace umpire has revealed its reasons for increasing the minimum wage for 2.6m workers by another 3.75 per cent.
High alert for tax time scams
As if tax time isn’t stressful enough, an Aussie banking association has issued a warning over end-of-financial-year cons.
Country pub’s stoush over ‘grass paddock’
A country pub is in deep water with its local council for allowing travellers in self-contained caravans to park overnight on their property.
‘Disaster’: Screen fears grow on Furiosa flop
Mad Max: Furiosa is the latest flop to hit Aussie cinemas in 2024. And now movie operators are ringing the alarm bells.
‘Very sad’: Iconic Melbourne restaurant closes
A much loved Italian restaurant in Melbourne is the latest business to close its doors after more than four decades.
‘Everyone wins’: Surprise company tax call
Labor’s Industry Minister is advocating for a cut in corporate taxes to help companies have the capital to invest in the future.
Concerning find at fish and chips shops
New research shows the ubiquitous ‘flake’, which is often used at fish and chip shops, might not be the fish it should be.
Aussie shares rebound in broadbased rally
Ten of 11 industry sectors ended in the green on Monday in a rebound ahead of crucial retail and inflation data.
Grim warning for Aussie hospitality sector
Aussie hospitality businesses have been hit with grim financial forecasting for the year – unless one consumer trend changes.
Woolies boss’ big call on monster profits
The man leading Australia’s largest supermarket has defended his company’s profits, but also made a big call on helping struggling Aussies.
‘Urgent’: Blackout risk as green power stumbles
The Australian Energy Market Operator is warning of “reliability gaps” without the ‘timely’ delivery of more transmission and energy infrastructure.
Aussie bank ditches cash payments
One of Australia’s largest financial services providers is going cashless at its offices but has promised customers cash withdrawal fees from ATMs will be covered.
Surprise plan Aussies have for tax cut cash
Aussies are about to get a tax cut cash boost and most will ‘spend’ it in a surprising way.
Surprise new skills employers are looking for
An AI revolution is sweeping through the Australian workplace and one of the world’s biggest tech companies says hiring is going to change forever.
Millions to fight tradie shortages
The federal government says Australia needs more tradies to reach its ambitious housing goal and has a plan to achieve it.
Why Thai restaurant sign enraged Aussies
The owner of a popular Thai food joint has come under fire for surprising charges on his menu.
How restaurants plan to win over diners
Restaurant owners are finding creative ways to entice customers to dine in amid increasing cost of living pressures.
‘Call us’: Major bank’s plea to homeowners
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
How collapsed airline got it so wrong
Upstart airliner Bonza launched in Australia with budgie-smugglers and purple cocktails, but 18 months later the low-cost carrier collapsed. Here’s why.
How mum’s genius idea made $2million
An accident at home helped an Aussie mum launch her own business – and it’s now on-track to make $2 million just over two years later.
Agent sells buyer wrong property
A woman was shocked to discover she had been sold the wrong property by her real estate agent.
Former Bachelor’s booming wine brand
An entrepreneur once declared one of Australia’s most eligible bachelors has gone from living in a garage to running a mega wine brand.
Japan-inspired changes coming to 7-Eleven
The chief executive of 7-Eleven has hinted at some big changes to the renowned brand, with a Japanese influence on the cards.
Eye-watering price for half-built house
The scars of Australia’s gathering construction liquidation crisis can be seen in the unfinished homes littered across major cities.
Aussie petrol prices hit all-time high
Major cities across Australia have notched record high fuel prices this week, amid a worrying cost-of-living crisis.
‘Kind of hilarious’ Australia Post blunder
Australia Post “had one job” and “they messed it up”, but this Aussie small business owner could still see the funny side.
Friday set to be year’s top “sickie” day
With a working day sandwiched between the weekend and a public holiday, Friday is expected to be the most popular day to “chuck a sickie” this year.
Fashion brand slammed for safety U-turn
A major Australian discount retailer has decided not to sign an international accord on factory safety and a women’s rights group is up in arms.
Home builder collapses after 60 years
A massive residential builder has gone into liquidation after 60 years in business.
Boss exposes issue with ‘educated’ Gen Zers
An Aussie boss has exposed a major problem he says has made it impossible to find young workers.
Miner goes nuclear with uranium drum
A South Australian mining company has boomed in value from $37m to almost $2bn in less than 10 years and the meteoric rise could continue with the company announcing another big milestone.
Urgent plea to stop $22bn hit to Aussies
An invasive species first discovered in 2001 has dodged eradication and now it could strip $22bn from Australia by the 2040s.
Aussie tech firm’s crash ‘one of the worst’
An Aussie tech company stopped in its tracks when $30m went missing has resumed trading and been slammed, with its share price plummeting.
Millions lost in failed sport betting scheme
The man behind a collapsed sports betting business has disappeared, leaving investors fearing they are victims of a Ponzi scheme.
ASX flat on new inflation narrative
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
Bunnings denies ‘slave’ allegations
Australia’s largest hardware chain has come under fierce scrutiny over allegations it has used its market power to mistreat plant suppliers.
ASX slips on Iran missiles, inflation worries
Australian shares slipped on Monday trading as investors price in rising geopolitical uncertainty in the Middle East.
400 workers strike at ‘pig-headed’ giant
Hundreds of workers will strike for 24 hours in a long-running pay dispute with an electricity giant after the company allegedly rejected a new offer from the union.
‘Knows almost nothing’: Chalmers’ hits back
In a startling spray, the Treasurer has challenged the economic understanding of his political foes as he defends a major policy change.
Supermarket bosses to face Senate grilling
Executives from Aldi and IGA will be the first supermarket bosses to appear before a Senate inquiry into grocery prices.
Tough new rules to stop covert takeovers
The Albanese government’s overhaul of mergers policy follows concerns that anti-competitive takeover deals are stifling innovation and cause price hikes.
Builder collapses with homes unfinished
Another home builder has gone into liquidation, with at least 24 houses left unfinished.
Supermarket giant backs new $190m fund
Australia’s largest retailer is going direct to the world’s top start-up companies to keep Aussie supermarkets at the forefront of emerging tech.
Brutal rift over major gas claims
A war of words has erupted between two Labor ministers with each other pointing the finger over a major shortfall facing Victoria.
Aussie company spruiks new $800m wind farm
The chief executive of a growing renewable energy company says the proposed location for a new 300MW wind farm “ticks all the boxes”.
Albo drops major cost of living relief hint
The Prime Minister has dropped a new hint on what Australians could expect in next month’s federal budget.
Secret to improving lives of Aussies revealed
Australia’s 2.6 million small and medium businesses could be key to unlocking the next wave of productivity growth.
Dutton blasted over ‘nasty’ rant
Peter Dutton has been swiftly slammed for a series of comments he made to small business leaders as the Opposition Leader ramps up his pitch to voters.
Pasta wars heat up in Sydney suburb
A village-like community will soon be home to a new Italian restaurant, marking the third of the same cuisine within just 200 metres.
Major bank’s huge move on scammers
While criminals siphon hundreds of millions of dollars via scams each year, one bank has launched a new defence.
Bitter fight looms over Aussie wages
The pay packets of 2.8 million Australian workers have become the latest battle between business and unions.
Original URL: https://www.news.com.au/finance/small-business/page/8