Qatar deal to deliver value, says Virgin
Virgin Australia is promising better value and more options for travellers when Qatar Airways takes a 25 per cent stake in the airline.
Breaking News
Lottery Corp shrugs off crackdown
Lottery Corp, the operator of the Lott and Keno brands, has distanced itself from the looming crackdown on online gambling.
Financial reasons why Aussies fail to achieve their dreams
Luxury holiday? Beach house? Boat? Retire early? Many people slip early on the path towards money goals, a new report says.
ABC disowns Hezbollah questioning
The ABC said a tense exchange between a female reporter and Peter Dutton was ‘not a piece of reporting’ or a position taken by the public broadcaster.
You’ll need to reapply for your job, NAB tells markets team
NAB’s markets team underwent an examination of its internal culture and now members will need to reapply for their jobs, although under a shake-up they may no longer exist.
Telcos are getting slower at fixing customer issues: report
It is taking Australian telcos longer to fix customer issues despite a drop in the number of service complaints.
How Qatar’s Virgin stake will change aviation
Cashed-up Qatar will likely use Virgin as cover to get more flights into Australia, which ultimately means serious competition for travellers. But what does it mean for Qantas?
Big-ticket industrial sale brings overseas capital into the market
US investment giant TPG Angelo Gordon has struck a deal with listed Growthpoint Properties Australia to buy a majority stake in about $200m worth of industrial parks.
Miners ‘in need of more projects to meet net zero’
Consulting giant EY says more mines will need to be built in the next 30 years than at any stage in history if Australia wants to meet its ambitious net zero targets.
US investor Hines, Canadian fund in $350m Queensland buy
The deal covering two build-to-rent apartment blocks is a breakthrough for the sector, which has been in limbo due to political uncertainty and rising construction costs.
Qantas buckles in for a fresh fight
Qantas has posted record annual profits but now it faces a scrap from its main competitor, Virgin Australia, thanks to the might of Qatar Airways.
ResMed beds down new growth strategy
Sleep apnoea devices giant ResMed wants to hit high single-digit revenue growth over the next five years broadening its product range for insomnia and COPD sufferers.
Rio and BHP say the net zero tailwind is at their backs
The push to re-industrialise Western economies and the transition to net zero will provide strong tailwinds for the mining sector for decades to come, both Rio Tinto and BHP believe.
Olam out of Namoi Cotton race after rival’s higher bid
Singapore’s Olam Agri has withdrawn from the race to acquire Australia’s largest ginning business on the back of a big offer from a rival bidder.
Mosaic axes brands and outlets to avoid its collapse
Five brands, including Rockmans and Autograph, and 200 outlets will be closed permanently by embattled retailer Mosaic Brands as it seeks to avoid a financial collapse.
![Rockets fired from southern Lebanon are intercepted by Israel's Iron Dome air defence system over the Upper Galilee region in northern Israel, on August 4, 2024, amid ongoing cross-border clashes between Israeli troops and Lebanon's Hezbollah fighters. Middle East tensions soared Saturday as Iran and its allies readied their response to the assassination of Hamas's political leader, blamed on Israel, spurring fears of a regional war. (Photo by Jalaa MAREY / AFP) / âThe erroneous mention[s] appearing in the metadata of this photo by Jalaa MAREY has been modified in AFP systems in the following manner: [Druze men in the village of Ain al-Tineh] instead of [Druze elders in the Israeli-annexed Golan Heights village of Majdal Shams ]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.â](https://content.api.news/v3/images/bin/583f5d3eb44ab0de1651df71dd9752f4?width=650)
Middle East conflict a ‘wake up’ call for businesses: KPMG
The consulting firm has warned businesses no longer have the luxury of hiding from a more complex geopolitical environment and need to take action.
China stimulus spurs growth target: ANZ
China should come close to hitting its 5 per cent growth target for the year following the latest wide-ranging stimulus measures, experts say.
Building giant shakes up staff training to stay ahead
Employee training modules are annoying, often cumbersome, time consuming and with low retention rates. But Laing O’Rourke has channelled social media to change the game.
ABC Radio listeners turn off, 2GB plummets
The ABC’s major radio stations suffered ratings falls across the country while Nine Radio’s Sydney station also saw listeners tune out.
Aussie workers monitored by ‘scoreboards’
A group of Australian workers are facing constant, real-time monitoring, where their productivity is being displayed on “scoreboards”.
Resources rebound could spell more records for share market
Resources stocks have surged 17 per cent in a month but are still in negative territory for 2024. Experts examine the outlook.
The Aussies battling Musk to control the mind
Synchron counts Bill Gates and Jeff Bezos among its investors and has demonstrated its brain computer interface can be used safely by people with paralysis.
Twist in supermarket crackdown
A major crackdown on supermarket practices is underway, but a key element could be easier said than done.
Sigma offers concessions to get Chemist Warehouse deal done
The competition regulator’s decision on the $8.8bn merger of Sigma Healthcare and Chemist Warehouse has been pushed back to allow consultation on new Sigma undertakings.
Major announcement for Virgin Australia
One of the major global airlines is making a splash in the beleaguered Australian market, in what would be a major expansion for the Aussie airline.
Pubs baron shrugs off Star wipe-out
Star Entertainment’s largest shareholder, pub baron Bruce Mathieson, will remain a long-term backer of the casino operator despite the company losing half its value on Friday.
Coles, Woolies circle wagons as ACCC attacks
Coles and Woolworths have ended the week facing off two attacks from the ACCC while maintaining that competition in the $120bn supermarket sector is vibrant.
Key Premier fashion executives depart as Myer circles
More top-level executives from Solomon Lew’s fashion and apparel brands are leaving Premier Investments, just as Myer considers buying the businesses.
Former CBA executive jailed over $2m kickback scandal
Ex-Commonwealth Bank IT executive Jon Waldron has been handed a minimum sentence of four years after accepting bribes and profiting off his position.
Why Coles and Woolies have been allowed to get so big
Australian shoppers are far savvier than politicians are giving them credit for. That makes the market ripe for disruption.
Beyond bank deposits: where retirees can stash their cash
Seniors have plenty of options to save money and tax by watching their nest eggs closely during life after work.
Bank slide doesn’t stop experts’ “sell” recommendations
Was it a hiccup or worse? Bank shares slumped last week but the nation’s number one lender is still seen as too expensive to buy.
Last drinks: Endeavour CEO to step down
After 30 years in the business, which began with a summer job at a Dan Murphy’s, Steve Donohue will vacate his role.
The hidden flaw in Steve McCann’s plan to rescue Star
The reality is, the new CEO has very few levers to pull as the casino struggles to trade out of its mounting problems.
Top Shelf International suspends shares amid funds crunch
Spirits maker Top Shelf International has suspended its shares from trade as it investigates funding options and asset sales to underpin its viability.
Anglo coal sale could be wrapped up by year’s end
Anglo American’s Queensland steelmaking coal auction could be wrapped up by the end of the year, and the company says damage from the fire at Grosvenor appears to be limited.
ASIC lines up cases against financial predators
The first in a series of court cases against businesses offering shady high-interest loans, and dodgy second-hand car dealers targeting vulnerable Australians, is about to start.
Fighting fraud: CommBank homes in on identity thieves
Scams are costing Aussies billions of dollars a year but criminals trying to steal your identity now have a new barrier to overcome.
Airlines, airports brace for bumper AFL grand final demand
Friday is set to be one of the busiest days for travelling since Covid-19 restrictions, as the AFL grand final between Sydney and Brisbane and school holidays sees flights across the country sell out.
Small bank aims to be big hitter
Queensland Country Bank boss Aaron Newman wants the lender to become a bigger hitter as it prepares to sponsor the Brisbane Heat this season.
Report clears path for Santos’ early Narrabri works
Santos has the authority to undertake work on its eastern seaboard projects, including the Narrabri gas project, after a report cleared the oil and gas company of coercing land owners.
Skip Capital and KKR splash $3bn on Queensland Airports
A private investment fund co-founded by Atlassian billionaire Scott Farquhar has joined forces with global giant KKR to buy a controlling interest in Queensland Airports.
Star to slash hundreds of jobs, sell hotels in bid for survival
Star Entertainment is looking to cut up to 350 jobs and offload hotels after warning it faces significant liquidity challenges, even with $200m in emergency funding.
Soul Patts rules out Platinum bid amid record dividend run
The investment house has ruled out making a bid for Platinum Asset Management after an unsuccessful attempt for Perpetual, as it closes in on becoming Australia’s first dividend aristocrat.
Supermarket giants an ‘oligopoly’: watchdog
The competition regulator has labelled supermarket giants Woolworths and Coles oligopolists and warned it will now scrutinise whether the twin chains are misusing market power to ratchet up prices.
Deal looms for Adgemis pubs
Staff at five Public Hospitality Group venues have been told a deal may be proposed to pay outstanding wages and superannuation, as several sales are set to hit the market.
Viola leads buyout at Pitcher Partners
High-profile Pitcher Partners adviser Charlie Viola is leading a buyout of the firm’s ultra and high net worth business units, following a dealmaking spree in the local private wealth sector.
Poker-faced McCann dealt tough hand
The Star casino boss knows the odds are stacked against the company but can see a way back once regulators and lenders give it breathing space.
REA snaps up $62m Athena stake in local play
Taking a stake in the fast-growing local fintech signals REA’s intent to push into new areas. Can it do the same with takeover target Rightmove?
Platinum turns down Regal takeover bid
A combined operation would have $29bn in funds under management, but Platinum says Regal’s offer undervalues its business.
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