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Friday, 29 August 2014

Harvey Norman profits jump 3.5%; Woolworths posts $2.45 billion profit: Midday roundup

Retailer Harvey Norman has announced its sales results for the 2013-14 financial year, revealing a 3.5% increase in global sales when compared to the previous year. by Broede Carmody and Kirsten Robb
 

Time’s up for Tinkler as Peabody pulls comeback mine deal after missed payments

Troubled businessman Nathan Tinkler has lost his chance to secure an $80 million purchase of Peabody Energy’s Wilkie Creek mine in Queensland, after he missed several payment deadlines. by Kirsten Robb
 

Thursday, 28 August 2014

Qantas reveals $2.8 billion loss; 40,000 households and businesses affected by electrical cable recall: Midday Roundup

Qantas has revealed an underlying loss before tax of $646 million and a statutory loss after tax of $2.8 billion for the 2013-14 financial year. by Eloise Keating and Kirsten Robb
 

Thursday, 28 August 2014

Frenemies in an age of tectonic shifts

In an age of massive change, companies need to embrace customers and competitors to survive claims VM Ware chief executive Pat Gelsinger. by Paul Wallbank
 

Flight Centre picks up Topdeck Tours as net profit tumbles; Mobil agrees not to use petrol price website for five years: Midday Roundup

Flight Centre has posted a full-year net profit of $206.92 million, down 16% from $246.08 million a year earlier, as it announced plans to acquire a 90% stake in UK-based tour operator Topdeck Tours. by Andrew Sadauskas and Eloise Keating
 

Wesfarmers buys iconic Aussie brands Hard Yakka, King Gee and Stubbies for $180 million

Iconic Australian brands Hard Yakka, King Gee and Stubbies have found a new home, with retail conglomerate Wesfarmers agreeing to pay $180 million to Pacific Brands for the workwear trio. by Eloise Keating
 

71-year-old owner says Australia’s oldest hobby business up for grabs

A Sydney hobby business that has been operating for 79 years is looking for a new owner. by Eloise Keating
 

Tuesday, 26 August 2014

"If that tool would just get outta the way! Loser": Child’s comment in go-kart ad draws ad watchdog’s attention

A complaint against a radio ad featuring a child who says the words “tool” and “loser” to promote a Queensland go-kart company has been upheld by the Advertising Standards Bureau. by Kirsten Robb
 

Melbourne business owner who called out internship ‘rorts’ faces court over employing unpaid interns

The owner of a collapsed Melbourne marketing company, Naomi-Jayne Aldred, will face court over allegations she did not pay two interns for three months of casual work. by Kirsten Robb
 
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