Warnings to brace for big squeeze
Millions of Australians face a ‘challenging transition’ out of the post-lockdown boom, Treasury secretary Steven Kennedy warns.
Millions of Australians face a ‘challenging transition’ out of the post-lockdown boom, Treasury secretary Steven Kennedy warns.
Wesfarmers chief Rob Scott expects productivity to go backwards and says proposed industrial relations reforms could threaten economic dynamism.
The food and hamper business that owns the brand of the celebrated TV cook says its full-year earnings will take a big hit.
The Wesfarmers boss has warned the Victorian government is playing “dangerous strategy” as the economy slows.
Chief executive Rob Scott says the conglomerate is investing further in health, medical and beauty, with that market worth as much as $40bn.
Almond grower Select Harvests has blamed La Nina climatic conditions for producing poor crops in 2022 and 2023 that saw it sink to a loss and cancel its interim dividend.
Wesfarmers chairman Michael Chaney says the Indigenous voice referendum is being watched closely overseas and Australia’s reputation as a ‘fair place’ is at risk if it fails.
Australians have enthusiastically embraced champagne since the end of Covid-19 restrictions, propelling the nation to become the sixth-largest champagne market in the world.
Wesfarmers chair Michael Chaney warns inflation will remain stubbornly high until 2025 with Australia to face several more interest rate increases.
As its 19 Crimes brand disappoints, analysts say better luxury wine sales and the reopening of China can help Treasury Wine Estates to turn the tide.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/53