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yesterdayThursday, 21 August 2014

Super Retail Group reports 5.6% jump in profits; Tatts deals shareholders a bad hand with profit slump: Midday Roundup

Super Retail Group, owner of brands including Rebel Sport and Supercheap Auto, has reported a 5.6% jump in profits for 2014. by Kirsten Robb and Eloise Keating

Why the Renewable Energy Target never stood a chance

Those charged with “reviewing” the Renewable Energy Target were actually told to look at killing it. by Giles Parkinson

Tuesday, 19 August 2014

Dick Smith stock up 10% after posting better than expected profit; NAB’s reports $1.7 billion in profit: Midday Roundup

The price of shares in Dick Smith has jumped by 10% this morning, after the retailer beat its full-year profit forecast by 5.3%, reports Business Spectator. by Kirsten Robb and Eloise Keating

Peter Costello backs GST threshold reform, but says effects test is a bad idea

Peter Costello has thrown his support behind calls for a reduction in the GST-free threshold for overseas online purchases. by Eloise Keating

Monday, 18 August 2014

Survey reveals negative outlook for small business conditions; Ten considers streaming partnership with Foxtel: Midday Roundup

Small businesses have faced difficult business conditions through the June quarter, according to the latest Small Business Survey released by the Australian Chamber of Commerce and Industry. by Eloise Keating and Kirsten Robb

Thursday, 14 August 2014

Joe Hockey cops flak for ‘poor people don’t drive’ comments; Optus revenue slips as main rival soars: Midday Roundup

Treasurer Joe Hockey has come under fire for suggesting poor people don’t drive as much as those on higher incomes when defending the government’s plan to reintroduce the indexation of the fuel excise. by Eloise Keating and Kirsten Robb

Wages go backwards: ABS figure show slowest growth in 17 years

Australian wages are failing to keep pace with inflation, according to figures released by the Australian Bureau of Statistics yesterday. by Cara Waters

Wednesday, 13 August 2014

Commonwealth Bank reports record $8.63 billion profit; Sensis rebrands as part of “new digital focus”: Midday Roundup

The Commonwealth Bank has posted a full-year profit of $8.63 billion, up 13% year-on-year, with the bank’s board declaring a final dividend of $2.18 per share. by Andrew Sadauskas and Eloise Keating

Tuesday, 12 August 2014

Domino’s profit soars by 48%; Business conditions jump to four year high: Midday Roundup

Pizza chain Domino’s will focus on rolling out new stores in Australia and overseas as it seeks to capitalise on profit growth of almost 48% in the 2014 financial year. by Eloise Keating
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