Vocus, M2 profits rise in final months before merger
Vocus Communications chief executive Geoff Horth, founder James Spenceley and M2 Group founder Vaughan Bowen. Photo: Louise Kennerley M2 Group and Vocus Communications have reported rising profits and revenues in their last financial results as independent companies before merging into Australia's fourth-largest phone and internet provider.Vocus on Friday reported its underlying net profit for the six months ending December 2015 had risen to $27.4 million, wh..>> view originalMan behind big Aussie short, Jonathan Tepper, labels critics as 'brain dead'
Sluggish salaries to slow Sydney, but not Melbourne real estate Jonathan Tepper is no stranger to criticism.When the founder of research house Variant Perception published a report in August 2009 that described Spain as "the hole in Europe's Balance Sheet" he was condemned by journalists, analysts and some government officials. At one point he was even described as an "enemy of Spain". However, the report turned out to be prescient. As Tepper predicted, Spain experienced "a spec..>> view originalAurora Australis expeditioners to be taken off stranded Antarctic icebreaker
Aurora Australis expeditioners to be taken off stranded Antarctic icebreaker Updated February 26, 2016 13:40:13 Improved weather conditions will allow Antarctic authorities to get 37 expeditioners off the grounded icebreaker Aurora Australis before the crew attempts to refloat the ship.The icebreaker, chartered by the Australian Antarctic Division (AAD) broke its mooring lines on Wednesday during a severe blizzard and ran aground in Horseshoe Harbour, near Mawson Statio..>> view originalSuper Retail announces profit increase
Dick Smith kicks off fire sale
Video will begin in 5 seconds. Dick Smith to close remaining doors for good Fairfax retail reporter Catie Low explains the impact of Dick Smith's store closures after receivers failed to find a buyer. PT3M45S 620 349 Australia's oldest electronics retailer, Dick Smith, has kicked off a stock liquidation sale at stores across Australia and New Zealand as its operations are wound up over the next eight weeks.But shoppers hoping to grab a bargain on Friday were largely underwhel..>> view originalWoolworths swings to $973m loss, appoints new CEO
Video will begin in 5 seconds. Woolies' wall is getting higher Results season for Woolworths is a time to reflect on the obstacles it faces in trying to catch up with its main supermarket competitor, Coles. PT1M35S 620 349 Supermarket giant Woolworths has sunk $972.7 million into the red in the first half after booking $1.9 billion in write-downs on its disastrous Masters home improvement foray.Announcing the retailer's first loss in 23 years, chairman Gordon Cairns also ended..>> view originalCabcharge survives Uber's arrival and surcharge cuts to post $24.4m profit
Despite having the 10% surcharge it used to place on credit card payments cut in half by the NSW and WA governments, and Uber being legalised in NSW and Canberra, Australia’s biggest taxi business, Cabcharge, has posted a 21.7% fall in profit to $24.4 million for the half year to December. The figure leaves the former monopoly business, which has fallen foul of regulators in recent years as technological charges disrupted the taxi industry, down around 20% in profitability on two years ago. ..>> view original
Thursday, February 25, 2016
Vocus, M2 profits rise in final months before merger and other top stories.
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