Why middle managers might be the key to your success
Monday, 14 May 2012
The 1,200 job cuts that the National Australia Bank made in recent months was not enough to prevent a 15.5% fall in net profit for the first half of this year. CEO Cameron Clyne, flagged more as he announced the result yesterday.  ...

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Business profits fall in third quarter, government promises carbon price for 2011: Economy Roundup
Monday, 29 November 2010
Corporate gross operating profits fell by a seasonally adjusted 1.5% during the third quarter of the year to $US66.8 billion, according to the latest figures from the Australian Bureau of Statistics.  ...

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David Jones sales up in first quarter, Twitter considers new capital raising: Economy Roundup
Thursday, 18 November 2010
Retail giant David Jones has recorded a 3.2% increase in first-quarter sales on a statutory basis, with like-for-like sales up from $452.1 million to $466.6 million in the three months to October 30.  ...

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Australian dollar to remain high: Swan, Shares slide: Economy Roundup
Tuesday, 12 October 2010
The value of the Australian dollar will continue to remain high due to local terms of trade remaining high, treasurer Wayne Swan has told American television network CNBC.  ...

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Former Metcash executive blocked from joining grocery rival, but family company can buy stake
Thursday, 30 September 2010
The former chief executive of Metcash's IGA grocery chain has been blocked from investing in and becoming chief executive of struggling grocery rival SPAR Australia, following a case in the New South Wales Supreme Court.  ...

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How to rebuild your share portfolio
Tuesday, 14 September 2010
Despite last year's powerful rebound in share prices and the flow of promising economic news for Australian economy in recent weeks, the S&P/ASX200 is still only 68% of its record high of 6,827 reached on November 1, 2007.  ...

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Metcash’s Franklins buy provides a golden opportunity
Monday, 05 July 2010
My dad was always clear that where there was change there was opportunity. Change is scary, but those who think through the changing situation, look at track records, look very, very clearly at the people involved, and ultimately trust their own intuition, ...

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Retail sales up 0.2% in June, Shares slide again: Economy Roundup
Thursday, 01 July 2010
Retail sales improved by a seasonally adjusted 0.2% in June, according to the Australian Bureau of Statistics, in a sign economists suggest will keep interest rates on hold for another month.  ...

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Retail sales up by 0.6% in April: Economy Roundup
Tuesday, 01 June 2010
Retail turnover increased by a higher-than-expected 0.6% in April to $20.1 billion, according to the latest figures from the Australian Bureau of Statistics.  ...

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Australian Industry Group calls for $12 boost to minimum wage: Economy Roundup
Friday, 19 March 2010
The Australian Industry Group has called for Fair Work to take a cautious approach in adjusting the minimum wage, saying the ability of businesses to hire could be affected.  ...

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Mitre 10 rejects trademark infringement claim from Grill’d
Monday, 14 December 2009
Hardware chain Mitre 10 has rejected a claim from burger chain Grill'd it is taking part in trademark infringement by selling a line of barbeques under the same name.  ...

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Metcash buys stake in Mitre 10 for $55 million
Thursday, 10 December 2009
Grocery wholesaler Metcash has won the battle to take a stake in hardware giant Mitre 10, paying $55 million for a 50.1% stake.  ...

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Seven loses C7 appeal, Shares higher: Economy Roundup
Friday, 04 December 2009
Seven Network has lost its bid to appeal a judgement made against a number of parties regarding its failed sports channel C7 in 2002.  ...

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Dubai debt fears continue, Building approvals fall: Economy Roundup
Tuesday, 01 December 2009
Investors' fears over mounting debt in Dubai have been exacerbated by an announcement from the state's government which says it is not responsible for the debts of Dubai World.  ...

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Mitre 10 considers bids from Metcash and private equity
Monday, 30 November 2009
Hardware chain Mitre 10 will consider separate bids from Metcash and an unnamed private equity company as it prepares to take on the new threat of competition from Woolworths' new hardware business.  ...

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Australian shares fall nearly 3% over Dubai fears: Economy Roundup
Friday, 27 November 2009
The Australian sharemarket has plummeted over 2.8% this morning after investor confidence was shattered by reports from Dubai regarding the region's debt problems.  ...

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ACCC says Coles and Woolworths’ big fuel discounts did not breach competition laws
Thursday, 23 July 2009
The Australian Competition and Consumer Commission has given its approval to the 40c-a-litre petrol discounts launched recently by Coles and Woolworths, saying the discounts do not breach the Trade Practices Act.  ...

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Metcash unveils aggressive plans to grow IGA chain
Friday, 17 July 2009
Grocery wholesaler Metcash has announced aggressive plans to expand its IGA chain of independent supermarkets by 65 stores in 2010, with 225 stores set to be added by 2012.  ...

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ACCC allows Woolworths to buy Macro
Thursday, 18 June 2009
The Australian Competition and Consumer Commission says it will not block Woolworths' acquisition of organic grocery chain Macro Wholefoods, as it is unlikely to reduce competition in the organic grocery market.  ...

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Manufacturing sector improves, Inflation set to fall, Shares rise: Economy round up
Monday, 01 June 2009
The month has opened with some good news for the economy. New data shows that conditions improved slightly in the Australian manufacturing sector during the last month, thanks to a wave of new orders.  ...

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