After being engulfed in a disclosure debacle in June last year that resulted in it paying penalties of $1.2 million, Newcrest kept a tight lid on its latest writedown announcement, but its news was still downbeat.
Ray White Group has thrown its support behind a group of real estate agents that have appointed a media buyer to negotiate digital advertising rates for them.
The man in charge of Australia’s biggest gold miner has declared ''cash is king'', and indicated he will not consider asset sales, equity raisings or expensive new developments until his existing mines are performing at their full potential.
Just a week after Newcastle Jets announced their new naming rights sponsor – Nathan Tinkler's sand mine business, Castle Quarry Products (CQP) – receivers have been appointed by Commonwealth Bank to sell the nine-hectare site.
SABMiller, the world's second-biggest brewer that paid $12.3 billion for Foster's in 2011, has blamed the consumer fall out from Treasurer Joe Hockey’s severe federal budget and heavy discounting on international premium brands for a sharp dive in beer revenue and volumes at its Australian arm.
Australian shares have closed at a new six-year high, notching up a seven day winning streak as the big four banks lifted the index.
Losses at Virgin Australia Holdings-controlled budget carrier Tigerair Australia have risen to “alarming levels” of more than $2 million a week amid heated competition in the domestic aviation market, says CIMB analyst Raymond Yap.
Senior Westpac banker Brian Hartzer says banks should try to act like start-up companies if they are to thrive in an era of sweeping technological change.
The banking regulator is being urged to take tougher action on big companies that flout the rules on use of the word “bank”, after Woolworths was revealed to have used the term for more than two years without a licence.
Australian house prices aren't overvalued yet, but negative gearing tax breaks have added almost 9 per cent, or $44,000 to current average house prices, financial group Moody's Analytics has reported.