Mike Smith
News and interviews on Mike Smith including trends, features, blogs and community conversations from an Australian business perspective.
Banks go on the attack as Senate approves banking inquiryFriday, 29 October 2010
Banking chief Mike Smith has slammed independent and Opposition senators who have succeeded in their bid to launch an inquiry into the banking sector, despite angry protests from the big four banks. ...
Banking competition must increase
Friday, 29 October 2010
ANZ chief executive Mike Smith doesn’t get it. Why do we need an inquiry in to the banking sector, he wonders? ...
Banking competition must increase
Friday, 29 October 2010
ANZ chief executive Mike Smith doesn’t get it. Why do we need an inquiry in to the banking sector, he wonders? ...
ANZ profit rises 53%, Senate to conduct banking inquiry: Economy roundup
Thursday, 28 October 2010
ANZ has recorded a cash profit of $5.13 billion for the year to 30 September, up from $3.38 billion during the previous corresponding period, the company announced today. ...
Is the RBA losing control? Bartholomeusz
Wednesday, 20 October 2010
The Reserve Bank recognised some time ago that since the financial crisis monetary policy isn't quite what it used to be. The RBA's decision to leave official rates unchanged at this month's board meeting may reflect its confusion about how to operate within ...
ANZ introduces new childcare allowance, but SMEs will struggle to match offer
Wednesday, 06 October 2010
ANZ has announced a new childcare allowance worth $4,000 in order to promote top-tier talent returning to work after taking paid parental leave, but SMEs leaders say more should be done to help smaller businesses offer similar allowances. ...
ANZ quarterly profit up 37% to $1.3 billion, Billabong profit falls: Economy Roundup
Friday, 20 August 2010
ANZ has delivered a 37% profit increase in the June quarter to $1.3 billion, although the company says it is still cautious about the "uncertainty" about the global economic outlook. ...
Woolworths shocks market by lowering sales guidance: Economy Roundup
Friday, 30 April 2010
Woolworths has announced a 4.7% improvement in third quarter sales, but has surprised the market by lowering its full year sales forecast due to inflationary pressures. Year to date sales growth is at 5.3%, within previous guidance, but the company warned that ...
Rudd flags tax cuts in Henry Review: Economy Roundup
Thursday, 29 April 2010
Prime Minister Kevin Rudd has flagged the possibility of tax cuts to be included in the Government's response to the Henry Review, due on Sunday after an 18-month wait. ...
Harvey Norman profit up 60%, Shares move higher: Economy Roundup
Friday, 26 February 2010
Retail giant Harvey Norman has recorded a 60% rise in first-half profit to $158.9 million after recording just $99.3 million in the previous corresponding period. ...
Current account deficit jumps, Bernanke cautious on US recovery: Economy Roundup
Tuesday, 08 December 2009
The current national account deficit has risen by a seasonally adjusted 23% to $16.1 billion during the September quarter, according to the latest figures from the Australian Bureau of Statistics. ...
Shares fall 2% as Wall Street slides, ANZ cash profit rises: Economy Roundup
Thursday, 29 October 2009
The Australian sharemarket has fallen over 2% this morning following a bad night for stocks in the US, as data for new homes sales delivered worse-than-expected results. ...
Land values rise during June quarter, Shares fall: Economy Roundup
Monday, 26 October 2009
Land values have continued to rise for a second consecutive quarter, according to the latest figures from the Housing Industry Association. ...
Wesfarmers announces good sales growth at Coles, Shares higher: Economy Roundup
Friday, 23 October 2009
Wesfarmers has reported a 7.3% rise in first-quarter food and liquor sales at its Coles supermarket chain, with sales increasing by 6.1% on a same-store basis. ...
Stevens calls for stimulus wind-down, David Jones chief welcomes Myer IPO: Economy Roundup
Monday, 28 September 2009
The Federal Government should wind back its stimulus spending as the point at which it was most effective has passed, Reserve Bank governor Glenn Stevens said in a Senate inquiry today. ...
ANZ buys out ING Australia, ConnectEast shares placed in trading halt: Economy Roundup
Friday, 25 September 2009
ANZ Banking Group has announced it will buy out its joint venture partner ING Australia in a deal worth $1.8 billion. ...
Pressure of RBA to lift rates as inflation gauge falls: Economy Roundup
Monday, 31 August 2009
The TD-Securities-Melbourne Institute monthly inflation gauge remained flat during August after a 0.9% rise in July, with the annual pace of inflation slowing to 1.7% from 1.9% - well below the Reserve Bank target of 2-3%. ...
Economy has reached bottom, ANZ boss says: Economy roundup
Thursday, 06 August 2009
The chief executive of the ANZ Banking Group, Mike Smith, has said the Australian economy has reached its bottom and the financial services sector is in a much better position than it was last year. ...
Retail sales drop 1.4%, House price index jumps 4.2%: Economy roundup
Tuesday, 04 August 2009
New data from the Australian Bureau shows retail sales dropped by a seasonally adjusted 1.4% during June, following consecutive 1% increases during May and April. ...
Building approvals up 9.3%, More banks may drop overdraft fees: Economy roundup
Thursday, 30 July 2009
There was more good news for the housing industry today, with the announcement that building approvals rose by a seasonally adjusted 9.3% during June, according to the Australian Bureau of Statistics. ...
