AusPost turns tables in $1bn battle with big banks
Paul Graham is seizing the moment to keep Australia Post delivering. This time he wants banks to be part of the solution.
Business
‘Small and opportunistic’: Stanmore miners reallocated
Despite closing the Mavis Underground mine Stanmore have left the future of development at the complex open ended while potentially reallocating its workers to other projects. READ THE LATEST.
Private credit a path to diversity, returns
Private credit – a burgeoning form of investment – offers myriad advantages to those chasing asset diversification and healthy returns, writes Tim Boreham.
Game, set, match: Stokes has bigger ambitions for Boral
Ryan Stokes wants to bring an ‘owner’s mindset’ to the building icon he has been pursuing for more than two years.
TV ‘can’t get free pass’ on cost control: Stokes
The nation’s big broadcasters are feeling the brunt of an advertising downturn and are being forced to respond.
Invisible ASIC has become too big to regulate
The powerful corporate cop is doing too much, and most of it is small fry in a field where unglamorous corporate crime busting has a visibility issue.
Cute European EV big on style but small on performance
The electric version of the pint-size Fiat 500 struggles to compete in the EV realm.
New burger truck launches tonight in butcher’s carpark
They’ve conquered Victoria and now want to take on Mackay’s taste buds from the carpark of a family-owned butchery. Are you a beef and bacon or fish butty type?
Seal ‘temporary’, restart on the cards for burning mine
A jet engine has been deployed to kill a Bowen Basin mine fire, as the council, union, and Anglo insist the community isn’t at risk from the smoke.
Dutton’s ‘big stick’ sets dangerous tone for business
From energy to supermarkets, Peter Dutton is proving instincts are built on more, not less, market intervention.
Experts tip investment winners for year ahead
The standout performers of 2023-24 were celebrated, but a new financial year brings fresh hope for different types of assets.
Bendigo’s board put costs at centre of CEO challenge
Incoming CEO Richard Fennell will need to quickly prove he isn’t just another product of the Bendigo culture that has had greater tolerance for costs than the bank’s investors.
CBA prepares to take on Wall Street’s biggest banks
The Australian bank has passed a staggering milestone. Can it continue to defy gravity?
Coal mine fire throws doubt on Anglo rescue plan
Miner Anglo American is fighting an underground fire at its beleaguered Grosvenor mine in central Queensland, in a fresh blow to the company’s safety and operational credentials.
MP warns workers need support as mine reopening ‘unlikely’
The future of one of the major Bowen Basin coal mines is now uncertain as a fire threatens to burn for at least a week. An MP is calling for immediate support for workers and contractors across the industry.
‘People will be surprised’: Mackay’s newest bar ready to shake things up
A Mackay restaurant has undergone a major transformation and rebrand, with the owners saying the new spot is now the “perfect place for casual afternoon drinks or a boozy weekend brunch”. SEE THE NEW MENU
Hot advice: Danger of online product reviews
Want a good electric blanket or other household item? Scott Pape says in an age of fake reviews, there’s one key place to check.
Budget relies on rate rise to plug gaps
The Mackay council has approved an increase to rates to help fund crucial council services, while lowering a crucial discount for ratepayers. See what it’ll cost you, and what’s being funded.
One of the most spectacular EVs you can buy … and it’s fast
This Audi RS e-tron grand tourer looks fast and expensive … yes, you can judge this book by its cover.
Who is Queensland’s Mightiest Miner of 2024
The hunt for Qld’s mightiest miner is on with more than 80 nominees from across the state vying for the title. (Vote now)
Vote now for Qld’s Mightiest Miner of 2024
The hunt for the state’s mightiest miner has begun with more than 80 fit, fabulous and hard working men and women vying for the title. VOTE IN OUR POLL
Charity scores $5m makeover, six new social homes
A charity helping the most vulnerable will be demolished to build a brand-new building complete with six new social homes. See what it’ll look like.
‘Long shadow over our communities’: Council votes on pumped hydro
Two state Labor MPs have said whatever the result of the vote, it won’t affect their plans for Pioneer-Burdekin pumped hydro scheme.
Meet the woman saving a unique species, and the daughter serving them
In a sleepy North Queensland community, one woman is working to save a unique species on the brink of annihilation… and her daughter is making them into snags.
Australia must make case for global funds: Citi boss
Citi CEO Mark Woodruff is talking up Australia on the global funds stage with hundreds of billions needed for energy, minerals and housing development.
Myer’s radical plan is all about Solomon Lew
The billionaire retailer is calling all the shots in Oliva Wirth’s audacious bid for the department store to get bigger.
Qld mining company fined $720k over crushing death, injury
A Queensland mining company has learned its fate after one of its workers was crushed to death just months after another worker suffered a serious injury.
China versus India: where share investors should focus
The stock market popularity contest between the world’s most populous nations has one clear winner, but the future is clouded.
Barefoot says diamonds are a rough decision for today’s buyers
Barefoot Investor Scott Pape says diamond rings are decades-long marketing con job, as much cheaper lab-grown stones emerge.
$45m makeover, new precinct design for airport
Mackay’s airport is about to have spending spree and upgrade after securing a $45m windfall. See plans for the new precinct and runway.
OFFICIAL: Major Mackay sporting club to almost double footprint
A major Mackay sporting club has the green light to push ahead on expansion plans that will take place over three stages. See the designs, what’s coming.
The $6300 tax break that property investors miss
Real estate investors are battling high interest rates like other borrowers, but many have a way to claw back big bucks.
Most ‘affordable’ seven-seater EV you can buy at $100k
The Kia EV9 Air is a seven-seat SUV all-electric offering which shows how good the future could be.
Why CEOs don’t want Dutton’s nuclear disruption
For business, nuclear represents a solution to a problem that is set to be solved by the time the first reactor is switched on.
Three reasons this interest rate cycle is weirder than usual
Despite thirteen interest rate rises since May 2022 and some economists tipping more by the Reserve Bank board, things are not happening as they should. Here’s why.
Hybrid that has sporty looks but is a miser on fuel
Despite being late to the hybrid party the Hyundai Kona comes with good looks and thrifty ability.
The common smartphone app that’s ripping you off
Barefoot Investor Scott Pape says consumers are being overcharged by technology when they pay for things.
LNP pumped plan: Private sector in, more small dams
Queensland’s biggest-ever renewable energy project has been rejected by the LNP in the same week the federal opposition walked away from its 2030 emissions reductions target. Will it hurt or help investment?
REVEALED: Three homes to go in new servo, fast food precinct
A long awaited fast food franchise may soon be coming to a North Queensland suburb, but it will cost the community an iconic servo and three residential properties. SEE THE DESIGNS.
Costello’s exit exposes deeper crisis at Nine
Nine is now moving toward full-blown crisis mode as the media company lacks the authority to deal with its deep-seated cultural issues.
Hail the high-rise: Why going up, not out is crucial for future of Qld city
Too many are holding on to a Hervey Bay that no longer exists with no regard for the consequences of toxic NIMBYism in a city where the wrong kind of growth already risks ruining paradise, writes Jessica Grewal.
Army of tradies work hard hours to soft launch strip club
What was once a North Queensland town’s first dedicated karaoke venue has been transformed into an adult entertainment venue which the owner says “empowers” their mum dancers, and they’re launching tonight. See inside.
Bank merger eyed to combine $17bn in assets
Beyond Bank Australia, P&N Bank and BCU Bank are set to be combined under a plan unveiled as “a merger of equals”.
GDP pain: why we’re already in a two-year recession
By one key measure, Australia is battling through a long-running recession, and new economic numbers suggest it’s getting worse.
Electric benefits but with the backup of a feisty engine
Luxury marque Audi offers short journey electric benefits with a petrol engine back-up in its Q5 SUV.
17,000 times size of Gabba: Koala habitat in Qld coal country under threat
The Queensland and the federal government could face an ‘international embarrassment’ of Olympic Games proportions if it continues to approve coal mines which threaten more than 42,000 hectares of suitable koala habitat, a new study has warned
Hydro mega-project under the pump as business case lags
A critical business case set to pave the way for the state government’s centrepiece renewable energy project may not be ready until late 2024, months after initially expected.
Why the big four banks’ bullish run is looking wobbly
They’ve starred on the share market in 2023-34, but shares in CBA, ANZ, NAB and Westpac look set for tougher times. Here’s why.
Revealed: Construction of major CQ wind farm at pivotal point
A vital step has been reached in the construction of a new wind farm between Mackay and Rockhampton that will be capable of powering about 189,000 homes per year.
How can companies live beyond 100 years?
Longevity in organisations is rarer than you think. Here are some of the habits of healthy old companies.
Original URL: https://www.thechronicle.com.au/news/queensland/mackay/business