Woolies profit plunges despite sales increase
Woolworths Group has announced a dire $108m net profit, a 93 per cent drop on last year.
Breaking News
Why younger savers are ignoring banks
Facing mounting student debts and the cost-of-living grind, younger people are getting savvier on who holds onto their money.
Coles’ surprising take from every $1 spent
The boss of one of Australia’s two supermarket giants has been grilled on the behemoth’s profit margins.
Big win coming for airline passengers
A new agency will be set up to monitor airlines and help customers receive cash refunds for delayed or cancelled flights.
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Huge expansion for fast food favourites
At a time when convenience is king, the group behind KFC and Taco Bell in Australia is raking it in and has aggressive plans to open more.
Relief for thousands of Bank@Post users
Two of the nation’s biggest banks have signed new deals to ensure regional communities have face-to-face banking services for the next decade.
ASX manages to claw back early losses
The ASX managed to creep higher after slumping in early trade, finishing barely changed following a lacklustre session as the nation’s outbreak worsened.
Lockdowns force popular store’s doors shut
A major retailer has revealed a swath of its stores across Australia have been forced to shut doors because of the evolving coronavirus situation.
Who is eligible for NSW cash boost?
The NSW government has announced new measures aimed at assisting businesses impacted by the state’s lockdown.
Insurer hands out virus relief
One of the nation’s largest private health insurers will hand back millions of dollars to customers impacted by recent lockdowns.
Retail surges as outbreak worsens
Retail stocks rallied and travel stocks slumped as the Covid outbreak intensified around Australia, leaving the Australian sharemarket barely changed.
Aussie bank gets out of car loans
Westpac is making more progress selling parts of its business in a bid to become leaner and more profitable, this time getting out of car financing.
Dire warning about Apple AirTags
Australia’s consumer watchdog is warning parents to keep Apple AirTags out of reach from children due to safety concerns.
Support for Aussies hit by lockdown
Australia’s major banks have implemented support measures including loan deferrals for residents impacted by NSW’s coronavirus lockdown.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/169