Packer recruits new boss for CPH
James Packer is looking to be a passive investor in his post-Crown days and has hired well-connected Sydney adviser Lawrence Myers to run his family office CPH Group.
James Packer is looking to be a passive investor in his post-Crown days and has hired well-connected Sydney adviser Lawrence Myers to run his family office CPH Group.
Many shoppers did their Christmas buying in November, thanks to sales, and ANZ is predicting no last-minute Christmas spending spree for retailers in the last few days before December 25.
Australians will be making forced changes to their spending intentions this Christmas, with six in 10 deciding to pull back on presents to counter growing pressures on household budgets.
Ikea Australia is racing towards $2bn in annual sales, but the Swedish retailer still can’t crack a profit due to hundreds of millions in unexplained expenses and a mysterious loan.
Sales across key KMD Brands’ labels have worsened significantly in the last four months, with a Black Friday bump not enough to reverse the sharp declines.
Australia Post will compensate more than 10,000 businesses a total of $2.9m over lost and damaged packages after action by the competition watchdog.
As Woodside and Santos mull a $80bn mega oil and gas mega merger, a Santos joint venture partner – Carnarvon Energy – has suffered a boardroom putsch.
Affordable treats are booming, but Woolworths CEO Brad Banducci says 40 per cent of his customers believe they will be worse off next year as cost of living pressures bite.
The last two weeks of December have seen Australia’s sharemarket rise 1.4 per cent on average, over the last 15 years.
Usually companies love to boast about the value of their assets but ASX-listed Excelsior’s figures for its electrical cable business have shareholders scratching their head over the low-ball sum.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/29