Derek Rose
Westpac posts $7b profit, launches $1.5b share buyback
Westpac has grown its full-year net profit by 26 per cent to $7.2 billion and is returning some of that to shareholders...
Wesfarmers chair claims casual worker changes threaten jobs
The chair of one of Australia’s largest companies has launched a broadside at proposed changes to industrial relations laws, saying they would...
Competition watchdog authorises $19 billion Origin deal
The competition watchdog has signed off on a private equity buyout of Australia’s largest energy retailer – an important milestone for the...
Australian sharemarket down sharply to six-month low
The local share market has tumbled to its lowest intraday level since March in early trading, ahead of this afternoon’s Reserve Bank...
Loyalty programs becoming vital to Aussie business
Loyalty programs are becoming increasingly important in Australian retailing as companies leverage data analytics to learn much more about their customers and...
‘Repeat offender’ NAB fined $2m over unauthorised fees
National Australia Bank has been ordered to pay a $2.1 million penalty for charging customers incorrect fees – with the judge calling...
Myer’s best sales level in nearly two decades last year
Myer’s strong online offering helped the department store sell the most merchandise in nearly two decades in 2022/23, although in recent months...
Australia Post calls again for reform after $200m loss
Australia Post says it lost $200.3 million in 2022/23 and expects further losses in future unless its community service obligations are changed....
Kmart sales up as cost-conscious shoppers hunt bargains
The integration of Kmart and Target stores will take another step with Target to begin selling Anko-branded products early next year. Cost-conscious...
Qantas reports $2.5 billion profit, plans share buyback
Qantas has reported full-year underlying profit after tax of $2.47 billion and announced plans to replace its aging fleet of Airbus A330s...