ACCC Cracks Down On Electricity Profits
The ACCC has formally been tasked with investigating electricity profit margins, with the federal government requesting a report every six months until... Read More
Woolworths Profit Up 12%, Big W Wobbles
Woolworths has post a 12.5% lift in full year-profit, following strong supermarket growth, as Big W continues its turnaround strategy, notching continued... Read More
Ex Myer CEO Defends Former Profit Guidance
Former Myer CEO, Bernie Brooks, has today informed the Federal Court, Board support was received prior to announcing 2015 profit outlook. According... Read More
Kogan Shares Wobble, Full Year Profit Up 277%
Local e-commerce giant, Kogan.com, has continued its growth trajectory, posting full-year net profit [after tax] of $14.1 million, up from $3.7 million... Read More
Google Takes On Apple With First Physical Store
Reports claim that Google is going to open a flagship store in Chicago’s meatpacking district, pointing to a lease for a 14,000 square... Read More
Telstra Shares Up 6% Despite Profit Slump
UPDATE – Shares in Telstra have soared 6.4% to $3.08 after midday, following news the telco intends to revamp its broadband and... Read More
JB Hi-Fi Revenue Up, Margins Squeezed
Despite a tough retail climate and the growth of Amazon Australia, JB Hi-Fi has post a stellar 12.3% lift in full-year group... Read More
RBA Downgrades Annual Inflation Forecast
The Reserve Bank has officially downgraded its 2018 inflation forecast, expecting core and underlying inflation to climb 1.75% by December – down... Read More
Steinhoff Gains Creditor Support Ahead Of Restructure
Embattled South African-owned retail conglomerate, Steinhoff International, has reportedly gained 100% third-party creditor support for its lock-up agreement (LUA) – taking effect... Read More
Business Confidence Down For Third Straight Month
Latest Roy Morgan numbers reveal business confidence has dropped for the third straight month in July, falling 0.7% (-0.8pts) – its lowest... Read More