Woolies’ surprise call on bottom line
Australia’s largest supermarket says cost-of-living pressures are weighing on its bottom line as it announced a surprising profit warning.
Breaking News
ASX edges higher for 3rd straight day
The ASX closed up 0.3 per cent for the third straight day, as investors wait for clarity from global markets.
‘Billions wasted’: Big call on Covid payments
Treasurer Jim Chalmers says “billions of dollars” were wasted in poorly targeted relief payments during the Covid-19 pandemic.
Aussie dollar hits two-year low
A weaker than expected Aussie dollar and uncertainty around the US election led to a quiet trading day on Monday.
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‘Lost its way’: Crown admission
More changes may be coming for Crown Resorts, as the scandal-plagued casino giant recovers from another damning report.
Major ASX reaction to inflation data
New figures showing the strongest annual inflation growth rate in almost six years sent the ASX tumbling but it managed to claw back to finish flat.
Lockdowns give retailers bumpy ride
Woolworths’ food sales have started to pull back as Sydneysiders return to dining out, but restored freedoms have sent shoppers back to Big W.
Crown boss grilled over ‘legacy’ exec
Crown’s top boss insists he’s confident in a high-up executive who was promoted even higher despite being part of the scandal-plagued ‘legacy’ team.
Crown rockets in volatile ASX session
The ASX ran out of steam following a choppy start, but Crown Resorts surged after the Victorian royal commission gave its flagship Melbourne casino a stay of execution.
‘Disgraceful’: Crown put ‘on probation’
Crown has been lashed as ‘illegal, dishonest, unethical and exploitative’ but will cling on to its Victorian gaming licence – for now.
Fixing Crown’s woes ‘not rocket science’
New chair Ziggy Switkowski has told a royal commission examining Crown Resorts’ affairs the company’s compliance issues can still be fixed.
Spotlight wears down Crown execs, staff
More than two years in, the white-hot spotlight of its money laundering scandal is wearing down not just Crown’s executives, but also its staff.
ASX flat again as commodity dip weighs
The ASX finished barely changed for a second straight day, with gains among retailers unable to counter weakness in one of Australia’s most important sectors.
Crown unsure of correct tax payments
The beleaguered casino operator isn’t sure if it has paid the right amount of tax in WA, after massively underpaying in Victoria.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/154