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The historic retailer operates 38 stores around Australia and it’s understood it wants to slash that number to between 12 and 20 as it enters negotiations with landlords.
Business
Cheyanne Enciso

David Jones on the brink of collapse as talks break down

Westfield owner Scentre Group has revealed David Jones pays well below the portfolio average in rent amid widespread reports the historic retailer is preparing to axe more than half its stores.

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Companies

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Wesfarmers and SQM's Mt Holland lithium venture.

Wesfarmers green lights $1.4b WA lithium expansion

Business
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The supermarket giant is hiking the price of a household staple as its suppliers face ongoing fuel-related supply chain and operational cost pressures.

Coles to charge more for item bought by almost every shopper

Companies
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NAB is the latest bank to confirm it is joining the cull, after ANZ revealed it was slashing 3500 jobs and 1000 contractors.

NAB and ANZ job cuts are just the start of killing season

Companies
3 Min Read
Consumers are being urged to shop around for the best grocery deals, though Australia’s third-largest supermarket offers the greatest overall value.

Cheapest supermarket and average shop totals revealed

Australia
2 Min Read

Markets

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A television broadcasts Texas Senate election results on the floor of the New York Stock Exchange on Wednesday.

Stock market’s winners and losers amid blue wave at midterms

Business
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Oil price, war The Nightly

Exports have increased so why has oil jumped in price again?

Business
3 Min Read
Video
After a huge fall, the CSI 300 index meets the conventional definition of a bear market.

Why are Chinese investors so glum?

Business
2 Min Read
Supermarkets and miners are among the stocks that ASX brokers are leaning towards as consumers cut back on spending.

What stocks should you buy in this shaky economy?

Business
3 Min Read

Wealth

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For savers unwilling to jump through monthly hoops, AMP offers 5.50 per cent on balances up to $50,000 without the usual strings attached.

Banks slug borrowers but savings rates crack a decade high

Wealth
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Australians are promised $1.6 billion in surcharge savings but rewards cardholders with the big four bank face higher rates, fewer perks and weaker insurance. Here’s everything you’re about to lose ...

Big banks gut credit card perks. Here’s what you’ll lose ...

Wealth
3 Min Read
The strong annual result concealed a sudden fall and recovery late in the financial year.

Is your super fund among this year’s best-performers list?

Business
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Housing prices falling in Melbourne and Sydney The Nightly

Australian homeowners brace for pain as prices set to plunge

Australia
6 Min Read

Mining

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Fortescue foundre Andrew Forrest has pined the blame for the miner's share price partly on US President Donald Trump.

Twiggy pins Fortescue slump on ‘fruitcake’ Trump

Business
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Video
A nugget worth up to $200,000 was almost missed by a prospector who had spent days searching the red dirt in the outback — and feared his spectacular find might be nothing more than 'a painted rock'.

‘Nearly walked past it’: Huge $200k gold nugget discovery

Newsworthy
2 Min Read
Rio Tinto Australia chief executive Kellie Parker.

Rio Tinto exec appointed to fix troubled defence projects

Mining
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Video
Ross McEwan, chair of BHP, speaks during the company's annual general meeting in Melbourne.

Why BHP chair says Australia should be more like Canada

Mining
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Energy

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Video
A video on the Snowy Hydro 2.0 scheme’s website shows the construction work.

Snowy Hydro 2.0 cost could blow out to $25 billion

Energy
4 Min Read
Europe has spent decades shutting down coal-fired plants to combat global warming. Now the ones still left are experiencing an unexpected windfall. 

Dwindling coal fleet in Europe reaps windfall from gas rally

World
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Video
Madeleine King addresses the National Press Club in Canberra.

King vows gas reserve will ‘push down’ energy prices

Politics
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Video
Inpex's Ichthys LNG offshore facilities

Gas carve-outs could leave factories paying top dollar

Energy
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