Coles scraps workplace agreement
Coles says workplace changes 'impractical'Supermarket giant Coles will scrap a contentious staff wages and conditions agreement rather than make "impractical" changes suggested by the workplace regulator.The Fair Work Commission had recommended Coles alter its current store team agreement to lift payments for staff who work frequent weekend or night shifts, or limit the number of those shifts some workers are given, to ensure they are not paid less than the award.Those recommendations were made ..>> view originalSA pledges $50m in Arrium aid
SCEE buys WA communications contractor
Southern Cross Electrical Engineering will buy Datatel Communications, an electrical and communications contractor with a significant presence in the telecommunications and infrastructure sectors in Western Australia.Datatel has relationships with key lead contractors in the delivery of the National Broadband Network project.Southern Cross will pay an initial $6.2 million, with up to a further $11 million of deferred consideration.Datatel provides SCEE with a scalable platform to enter the telec..>> view originalAmcor issues profit warning on Venezuelan bust
Amcor chief executive Ron Delia has made growth in South America a priority. Photo: Paul Jeffers The deepening economic crisis enveloping Venezuela has dented the South American ambitions of Amcor, with the packaging giant forced to downgrade profits and write off the value of its investment as the country's currency problems accelerate.Amcor will adopt Venezuela's floating exchange rate after supplies of US dollars started to dry up in the past few months, ..>> view originalAmazon launches UK fresh food deliveries
Online retail giant Amazon has launched fresh food deliveries in the UK in its latest push into the grocery market.AmazonFresh is available from Thursday to customers in 69 central and east London postcodes who are members of the retailer's Prime subscription service, for an additional STG6.99 a month.The extra charge includes unlimited delivery for orders above STG40 but deliveries under the threshold will cost STG3.99 each.The arrival of AmazonFresh, which has been operating in the US for nine..>> view originalOnline retailer Kogan.com's IPO 'different to the others', says founder Ruslan Kogan
Ruslan Kogan says kogan.com is not like other online retailers. Online retail entrepreneur Ruslan Kogan has distanced Kogan.com from recent e-commerce sharemarket flops, saying the business has been in the black "from day one" despite being capital constrained.Mr Kogan has also defended the $15 million – or $7.5 million each – that he and co-founder David Shafer will take home from the $50 million raised through the company's initial public offer. He sai..>> view originalPrivate proposals for White Bay Power Station rejected as NSW government seizes control
Video will begin in 5 seconds. White Bay redevelopment A waterfront promenade, markets and light rail feature in the NSW government's revamp of White Bay. Vision: Urban Growth NSW PT1M1S 620 349 The historic White Bay Power Station will not be handed over to one major developer, after the Baird government rejected 13 private sector proposals for the site's transformation.In a move away from the single-developer model that handed Lendlease swaths of land at Barangaroo and Da..>> view originalQueensland Budget 2016: Foreign investment charge 'bad PR' for 'fragile' market
Queensland Treasurer Curtis Pitt's budget money spinner, which essentially doubles the stamp duty for foreign investors, has been slammed as "bad PR" by the state's property market pundits, who claim it will "put a dent in demand" and damage an already "fragile" market.The opposition has also seized on the 3 per cent transfer duty surcharge foreign investors will be slugged with from later in 2016 as a "broken promise" after Mr Pitt dismissed the idea last year following Victoria's decision to ..>> view originalSurfStitch appoints new CEO, flags $18 million loss
Video will begin in 5 seconds. SurfStitch CEO inexplicably resigns Co-founder and chief executive of the successful online retailer SurfStitch has resigned leaving shareholders in the dark. PT0M41S 620 349 SurfStitch's new chief executive Mike Sonand has promised to restore profitability next year and improve returns for long-suffering shareholders by fixing the core retail business and spending less time chasing content such as surfing documentaries.In a damning indictment..>> view originalANZ chief risk officer 'shanghaied' Oswal
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