Last Top Stories: NSW government to free up $1bn with car fleet shift

NSW government to free up $1bn with car fleet shift

The NSW government is continuing to push an innovation agenda with is transport assets, announcing a new model to manage the state's car fleet it says will free up around $1 billion in capital across four years. Minister for Finance, Services and ... >> view original

Slater and Gordon full-year profit rise 5.6pc, announces accounting changes

Slater & Gordon said its full-year net profit after tax rose 5.6 per cent to $82.34 million as revenue from ordinary activities climbed 40.6 per cent to $623.35 million. It also announced a series of accounting changes as the Australian Securities and ... >> view original

Helloworld loss widens to $198m because of write-downs, no dividend

Travel agency group Helloworld expects to report a "substantial increase" in adjusted profit before tax in the current financial year amid strong momentum in sales from winning the entire whole of Australian government travel contract and good ... >> view original

Harvey Norman lifts FY profit

Harvey Norman has unveiled an increased dividend after it today announced a lift in full-year profit and said a buoyant property market provided a positive outlook. The retailer reported a 26.6 per cent increase in net profit after tax to $268.10 ... >> view original

China likely to drag the world into global recession, Citigroup says

China is sliding into recession and the leadership will not respond quickly enough with large-scale fiscal policies that could avoid a major slowdown and stimulate demand, Citigroup's top economist Willem Buiter said. The only thing to stop a Chinese ... >> view original

Philippines' San Miguel confirms talks with Australia's Telstra

MANILA Aug 28 San Miguel Corp is in talks with Australia's Telstra Corporation Ltd about a possible transaction involving the Philippine conglomerate's wireless unit, the company's president said on Friday. Ramon Ang confirmed in a text message to ... >> view original

ACCC to appeal over Flight Centre

The competition watchdog will head to the High Court to seek leave to appeal a Full Court decision that found in favour of Flight Centre in a case over alleged price fixing of international fares. The Australian Competition and Consumer Commission said ... >> view original

Woolies chairman pays price for profit dip

WOOLWORTHS is jettisoning its senior leadership team as Australia's largest retailer tries to recover ground lost to its supermarket rivals. WITH chief executive Grant O'Brien already on the way out, chairman Ralph Waters is stepping down after the ... >> view original

CSIRO swallows up NICTA to create Data61

Australia's chief IT research facility NICTA is no more, with the government announcing a new organisation, Data61, that will see NICTA merge with CSIRO's Digital Productivity flagship. The decision comes after a long period of uncertainty for NICTA ... >> view original

Shadforth acquisition helps boost IOOF profit

IOOF Group has announced a 43 per cent increase in underlying profit, boosted by the acquisition during the year of listed wealth management company Shadforth. ​The company said its annual dividend was 12 per cent higher than the prior year after ... >> view original