Super Retail sales rise but margin dips
Super Retail Group says like-for-like sales increased 3.2 per cent at the start of FY20, but that discounting to attract cautious consumers has hit margins.
Consumer confidence has moved slightly higher although more people report feeling worse off than last year, a seemingly incongruent poll suggests.
Stockland chief executive Mark Steinert says he’s confident the property market is rebounding after hitting bottom earlier this year.
WiseTech Global shares have been paused on the ASX following more claims made by short seller J Capital.
Afterpay says it is a “marketing channel” whose service goes beyond payments, after the RBA said it will look at buy now, pay later surcharge restrictions.
Seven West Media has agreed to sell Pacific Magazines to Germany’s Bauer Media for $40 million by the end of the calendar year.
Treasury Wine Estates chief executive Michael Clarke will retire next year, when he will be replaced by chief operating officer Tim Ford.
The Australian share market is likely to open softer on Monday following the US and European markets down.
CBA’s Colonial First State has been hit with its second class action in two days, this time over allegations superannuation members were gouged over fees.
Hyundai Motors has become the first car manufacturer to embrace car subscriptions in Australia, partnering with Collaborate Corp’s Carly car service.
US private equity firm Oaktree Capital Management is selling the New Zealand television assets of its MediaWorks business.
Fortescue Metals says it is working to power its Chichester Hub operations in the Pilbara with solar energy.
The RBA governor says it is “extraordinarily unlikely” that negative interest rates would be needed to meet inflation and growth targets.
Seven West Media is to merge with regional affiliate Prime Media as free-to-air networks continue to grapple with falling advertising revenue.
Shepparton police have reassured the community is safe after a gang of masked offenders targeted JB Hi-Fi today, stealing $20,000 worth of stock. Shepparton police First Constable Matt Clowes described the incident as “confronting” and “brazen”...
A MALE is being airlifted to hospital after being cut free from his crashed car in Sturt St this evening. He had collided with a parked truck near intersection of Darling and Sturt streets. Emergency services including CFA, ambulance and police...
Seven teenagers have been charged following the theft of $20,000 worth of stock from JB Hi-Fi yesterday