Melbourne auction numbers up to normal levels, with 949 homes to go under the hammer
Melbourne auction numbers up to normal levels, with 949 homes to go under the hammer
NAB's clean-up man will never be a big four CEO
NAB CFO Craig Drummond (centre) is flanked by Clydesdale Bank CEO David Duffy (left) and Clydesdale CFO Ian Smith (right). Sahlan Hayes Craig Drummond's decision to leave National Australia Bank is a tacit admission that he will not achieve his ambition of running a big four bank.He joined NAB in mid-2013 after a stellar career in stockbroking and investment banking with the real prospect of replacing Cameron Clyne as CEO.NAB paid a lot to get..>> view originalAutomotive Holdings Group MD Bronte Howson says low oil, rates to rev up car sales
The Federal Chamber of Automotive Industries is predicting record sales for calendar 2016 across the industry. Photo: Rob Homer A high-octane cocktail of low interest rates and cheap petrol prices will help supercharge car sales this year, the managing director of Australia's largest vehicle dealership group says.Petrol prices have dropped below $1 a litre in most cities to be sitting at their lowest point in almost eight years as the crude oil price languish..>> view originalSantos loss swells to $2.7bn
Phone complaints lowest in 9 years, but Internet complaints up
Complaints about telco phone services have hit a nine year low, dropping by 9.4% in the three months to the end of last December, but the news is not so good for Internet services. While landline and mobile complaints to the Telecommunications Industry Ombudsman (TIO) were down, Internet complaints increased 11.6% year-on-year, prompting a warning that ISPs need to be on alert about the problem.The latest report from the TIO shows that there were 23,572 complaints about telcos in the quarter ..>> view originalMedibank Private's profit rise significantly
Medibank Private's profit rise significantly>> view originalScott Morrison lashes Tony Abbott and Joe Hockey for dropping ball on tax
'I'm looking for that bloody vision' Treasurer Scott Morrison has lashed predecessors Tony Abbott and Joe Hockey for not doing any work on tax reform before Malcolm Turnbull became prime minister last September.Mr Morrison made the comments as he tried to dampen down expectations of major tax changes anytime soon. "Now it was only last September when we started the approach of looking at issues, whether it was superannuation or the GST or other things like that, those issues wer..>> view originalDomain drives Fairfax profit growth
Fairfax's first half profit has risen to just over $27 million, helped by the group's Domain site.Domain drives Fairfax profit growthFairfax Media's half year profit has grown due to the strong performance of its real estate advertising business Domain.Domain's pre-tax earnings rose 74 per cent to $65.7 million in the six months to December 27, contributing two thirds of the total group's earnings.Fairfax's half year net profit of $27.4 million was up from $26.7 million a year earlier.Chief exec..>> view originalBellamy half profit quadruples
Bellamy half profit quadruplesBaby food maker Bellamy's half year profit has soared on strong demand for organic infant formula in Australia and Asia.The Tasmania-based company has posted a net profit of $13.7 million in the six months to December 31, up 325 per cent on the $3.2 million made in the corresponding period a year ago.Revenue jumped 83 per cent to $105.1 million, in line with guidance.Bellamy has forecast its full year revenue will be in the range of $240 million to $260 million.The ..>> view original
Thursday, February 18, 2016
Melbourne auction numbers up to normal levels, with 949 homes to go under the hammer and other top stories.
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