Woolworths boss Amanda Bardwell says there has been a ‘gradual increase’ in the number of crunched consumers seeking out promotions since the Reserve Bank hiked interest rates this month.
Shares in the Sydney-founded company joined a tech stock rout Tuesday, on worries they will lose business to artificial intelligence giants such as OpenAI, which owns ChatGPT
The first profit result after the media group’s merger with Seven West Media was led by the radio division, which increased operating profits 28 per cent.
Australian shipbuilder Austal has signed $5 billion worth of contracts to produce Army vessels, in a deal the Albanese Government claims will generate hundreds of local jobs.
Wesfarmers boss Rob Scott says he expects the recent call by the Reserve Bank to hike interest rates and uncertainty over the prospects of higher-for-longer inflation will rattle consumer sentiment.