The regulator’s enquiries are focused on trading last year by Accent boss Daniel Agostinelli, non-executive director Michael Hapgood and an unnamed senior employee.
NAB chief executive Andrew Irvine says a recession is now ‘possible’ as the fuel crisis sparks another Reserve Bank interest rate rise to combat inflation. National Australia Bank’s half-year profit plunged.
A big four bank with a strong focus on business lending says many of its clients are ready to manage cost volatility as the Middle East conflict continues.
The owner of Dan Murphy’s and BWS liquor stores is stocking up on booze as it braces for a hit of up to $8 million on higher fuel costs related to the ongoing war in the Middle East.
Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.
The future of more than 1400 workers at two Nyrstar smelters in South Australia and Tasmania are at risk after no new bailout package was worked out on the final day of deadline, with SA Premier blaming China.
As cost-crisis weary households keep value front of mind amid higher fuel prices and threats of more interest rate hikes, there’s one supermarket winning shoppers’ dollar.
Sales growth at Coles has failed to keep pace with its arch rival as the grocery giant warns customers that suppliers are pushing for higher prices to offset the ripple effects of the war in the Middle East.
ANZ’s new cost-cutting chief executive has boasted that simplifying its banking business is paying off with a much stronger half-year profit following mass retrenchments during a time of global uncertainty.
Coles customers have been forced to make big changes to the way they shop at the grocer as they seek to reduce the financial blows stemming from the war in Iran.