DJs to launch new app as spring racing lifts sales
David Jones boss Scott Fyfe sees customer purse springs loosening, and hopes to capitalise with a re-imagined in-app loyalty program.
Breaking News
What the US interest rate cut means for you
The US has cut official interest rates for the first time in four years, but don’t hold your breath for Aussie cuts to come quickly.
Virtical offloads The Republic as plans wound back
Embattled developer Virtical has sold off The Republic Hotel in the heart of Sydney’s CBD for about $32m, putting an end to its ambitions of redeveloping the famed site.
Expanded powers: ASX in sights of regulators
The ASX will face closer scrutiny from ASIC and the RBA after parliament passed new laws to regulate the market operator, particularly in a crisis.
The biggest roadblock to buying a home has changed
High house prices are no longer the biggest barrier to home ownership, as buyers seek new ways to get a foot in the door.
Harvey Norman faces second class action over warranties
A second law firm has launched a competing class action against Harvey Norman for selling allegedly useless warranties to customers.
ALS Global’s profits take a hit from challenging conditions
Laboratory testing group ALS Global has warned profits will be hit by challenging conditions in the mining sector in Australia and Latin America.
Sims steels itself for better times
Despite challenging market conditions and an overseas business sell-off, metal recycler Sims recorded an ‘improved performance’ at the start of the 2025 financial year.
Tradies at risk from Total Tools data leak
The hardware chain is scrambling to limit the impact of 38,000 customers’ data being ‘illegally compromised’, potentially by professional hackers.
Coles opens new fulfilment centre in $1.4bn shopping upgrade
Coles boss Leah Weckert has overseen a $1.4bn investment in robotic distribution facilities and fulfilment centres but believes the retailer’s balance sheet is strong enough to do more.
A steely resolve will help Whyalla recover
Despite the doubters, I can and will deliver the future the great town of Whyalla and the great state of South Australia deserves.
Penthouse sale sets staggering Manly price record
Property developer and investor Sam Arnaout’s Iris Capital Group has sold a Manly penthouse off the plan for more than $22m, eclipsing the previous record for the area.
WFH hit as ATO slashes Adelaide office space
The ATO is considering its future at one of Adelaide’s largest CBD towers, as it slashes its office accommodation requirements.
Embattled Gupta vows he can deliver on Whyalla promise
Sanjeev Gupta says despite a “crisis” in the steel industry which has helped push the Whyalla steelworks into the red, he can deliver a bright future for the industrial city.
Why inflation and insurance are a dangerous combination
Insurers have been racing to keep ahead of the costs they now face to rebuild a house or repair a car. That’s starting to change.
Why we spend money on stupid stuff
Have you ever bought something and immediately regretted it? Millions of Aussies have, and we can train our brains to do better.
Minister orders Airservices to act on Brisbane aircraft noise
Federal Transport Minister Catherine King has given Airservices a hurry-up on measures to tackle aircraft noise over Brisbane as locals’ complaints increase.
Low-risk strategies and gold to the fore as Fed rate cuts arrive
With US interest rates cut sharply and Australia’s Reserve Bank expected to follow by early 2025, strategists are looking at what works best in equities as central banks pivot to cuts.
iPhone 16 review: Apple faces its ‘Barbie moment’
Consumers and Barbie fans will be tickled pink by Apple’s new iPhone colours. But how do the new models stack up, and is buying a Pro still worth it? We take a look.
Cream of the crop for Brisbane agritech fund Mandalay
Brisbane-based venture capitalist Mark Gustowski is backing startups that could triple the shelf life of milk as well as accelerate beef production.
In the hoop: Bullets aim to return to glory days of 1980s
Self-confessed rugby tragic Malcolm Watts had never even watched a basketball game before taking on the top job at the Brisbane Bullets. Now he is leading the team back to glory.
Rinehart blasts long delays as $600m mine gets green light
Gina Rinehart’s Hancock Prospecting has finally received the go-ahead for a new $600m Pilbara mine and the billionaire has blasted government policies for the lengthy delay.
Geelong pitches itself as offshore wind hub
Following a government veto of a rival plan, GeelongPort has proposed the development of a new $500m renewables hub to support Victoria’s offshore wind industry.
More assets frozen amid Keystone, Chiodo investigation
A Melbourne man linked with the ASIC investigation into Keystone and Paul Chiodo has had his assets frozen.
Qantas chases Virgin Australia’s Tokyo Haneda slots
Qantas wants the valuable Tokyo Haneda Airport slots being handed back by Virgin Australia which experienced poor demand for its flights from Cairns.
Coalition slams Labor ‘inaction’ on airlines
The Coalition says travellers are seeing the effects of government inaction on airline competition, after domestic fares jumped 12 per cent following Rex’s exit from major city routes.
Jobs boon as massive $15m hay plant to be built at Monarto
Hay processor Balco will invest more than $15m in a new facility at Monarto, creating dozens of jobs, as it looks to capitalise on a surge in global demand.
How US election can reset global shares
There are potentially far-reaching consequences from the US election, including the possibility of a new global trade war.
AI skills shortage spurs training push
Australian companies are getting more creative to ease a chronic tech worker shortage by partnering with tech firms to ensure we don’t miss out on the artificial intelligence boom.
Rain, stronger commodity prices boosts farmers’ confidence
Agribusiness financier Rabobank has found Australian farmers’ confidence has recovered in line with more rain and better commodity prices.
Seek in legal stoush with American rival ZipStorm
A fight over the ‘seek’ trademark has been bubbling away for years between the $8bn Australian job search company and an American competitor.
CBA leaps forward in banks’ AI race
The nation’s largest bank has just leapfrogged its big four competitors as it implemented some of the most powerful AI tools in the region.
Drakes the centrepiece of new $150m town centre in Adelaide’s north
Drakes will open one of its largest stores ever after being selected as the anchor tenant for a new town centre in Adelaide’s booming north.
Oracle takes nuclear option to power data centre
The tech giant is designing a data centre with three small nuclear reactors, which would deliver more than a Gigawatt of power – enough to power more than 800,000 homes for a year.
Hidden detail hurting winemakers recovering from Chinese burn
Figures suggest the Chinese wine market is back with a bang for Australian exporters, but local winemakers say it’s a very different story on the ground.
Australia’s new social media bill ‘worryingly poor’
A tech policy group has criticised proposed misinformation laws as ‘ineffective’ and ‘worryingly poor’ as a fresh battle ignites between Elon Musk and the Albanese government.
PwC governance chair tells staff to knuckle down
John Green addressed staff and partners at PwC – in two separate groups – as part of a listening tour, where he drew a line in the sand under the firm’s woes.
‘Game changer’ as billionaires invest in Willed
The Stokes family-backed Seven West Media is joining Ellerston Capital and billionaire Alex Waislitz’s Thorney Investment Group in backing the nation’s largest online will-writing and end-of-life planning platform.
Push for Perpetual split as Sublime Funds boss eyes board seat
Sublime Funds Management boss Rodney Forrest is attempting to gain a seat on Perpetual’s board, warning the wealth group has a bloated catalogue of products and unsuitable incentives for executives.
What’s a CEO really worth?
Elon Musk’s $68bn Tesla pay deal raises the question of whether one single person really can deliver that much value and how Australia’s top CEOs stack up.
Macquarie sees hope for infrastructure deals
Macquarie sees signs of a pick-up in infrastructure deals as interest rates start to come down and economic growth holds up better than expected.
Directors with ‘skin in the game’ reap rewards
Twiggy Forrest, Gerry Harvey and other top directors will pocket mountains of dividends in coming weeks and analysts say it’s good for all shareholders that they have “skin in the game”.
Disrupt staff left in limbo
Employees at trouble-plagued Disrupt Radio are still waiting for their pay cheques and clarity from the founder on whether the station has a future.
ABC removes soldier shooting footage with audio ‘error’
The taxpayer-funded broadcaster has taken down a video containing audio that depicted an Australian soldier firing at unarmed Afghan civilians.
No date for hyped review
Last year, the ABC announced an extraordinary review into racism at the taxpayer-funded broadcaster, but 16 months on it has not been handed down, and Indigenous leaders are not happy.
Secret to maximising money: ‘save like a girl’
Females are flexing their financial muscles more than ever, and a new analysis provides hints to help explain their success.
Star seeks compensation over Queen’s Wharf luxury precinct
Queen’s Wharf is claiming millions of dollars in lost rent from Louis Vuitton-controlled DFS Group after plans for a retail precinct fell through.
Business travel to take off despite economic uncertainty
Local businesses consider corporate travel non-negotiable, with more than four in 10 looking to increase the amount of time employees spend in the sky over the coming year.
Warehouse giant wins capital backers for $3bn trust
Two Asian funds will pump $536m into a new club that will invest in a fund run by ESR in a sign that premium industrial real estate remains hot.
Westfield owner teams with bank to lock in funds deal at Adelaide mall
The purchase shows that big players are again buying top centres and more sales are underway.
Original URL: https://www.weeklytimesnow.com.au/agribusiness/breaking-news/page/7