Australian Business News

13/11/2023

L1 Capital’s $300m profits in three years outshines fellow stock pickers https://www.theaustralian.com.au/business/financial-services/l1-capitals-300m-profits-in-three-years-outshines-fellow-stock-pickers/news-story/a1cd9dd364cb0775f21acc3987644afe

13/11/2023

The Green List: They’re the people leading a green revolution that will change the way we power our economy. Meet the shape shifters transforming our future.

Whether working in corporations of start-ups, in government or advocacy, as investors or advisers, they’re on a mission to meet the challenges of decarbonisation.

03/04/2023

A shock decision by OPEC+ to cut oil production by more than a million barrels a day poses a new risk for the global economy at a time of added fragility after massive interest rate hikes.

A shock decision by OPEC+ to cut oil production by more than a million barrels a day poses a new risk for the global economy at a time of added fragility after massive interest rate hikes.

03/04/2023

"I went down to Sydney University where Paddy was working in the basement of the physics department, and I said, almost sheepishly, this looks like a vacuum deposition machine." https://www.theaustralian.com.au/business/companies/neumann-space-is-poised-to-blast-off-after-impressing-the-likes-of-nasa/news-story/605e313dea3987e42bd7af00a9fe50c5

03/04/2023

Australian app developers and designers have joined a consumer class action suit alleging Google and Apple abused their market power by charging 30 per cent commissions for in-app purchases, and forced up prices by not allowing competitors to offer alternate options.
https://www.theaustralian.com.au/business/technology/egregious-apple-google-facing-class-action-suit-over-fees/news-story/b9d0938a52ab2e9fd6fddb0708039f76

03/04/2023

ANZ supply chain experts say old ways are over as clients recalibrate from pandemic constriction

Companies tapping Asia’s markets are shifting away from pandemic-era measures to bulk up supplies, but ANZ expects many will retain added storage and look at new options after learning difficult lessons in recent years.

03/04/2023

The mega deal, which is set to value WWE around $14bn, comes just months after allegations of sexual misconduct by majority owner Vince McMahon. https://www.theaustralian.com.au/business/the-wall-street-journal/wwe-nears-sale-to-ufcs-endeavor-group/news-story/a60f4c621540ee1b18e2f152d5b8137a

02/04/2023

Marketing experts are questioning whether last year’s exercise of player power – led by Australian captain Pat Cummins – against the game’s existing major sponsor, energy group Alinta, will affect the value of one of the blue-chip sponsorships of Australian sport.

After belatedly rescuing its Indian tour with an improved performance in the final Tests and one-dayers, the Australian cricket team has been out in the market looking for a new major sponsor.

02/04/2023

Australian gas producers are set to break their export supply record in 2023 after reaping $90bn in earnings last year – an all-time high – amid moves by the Albanese government to clamp down on the industry.

Australian gas producers are set to break their export supply record in 2023 after reaping $90bn in earnings last year – an all-time high – amid moves by the Albanese government to clamp down on the industry.

28/07/2021

A global shortage of cars and pent-up local demand is helping to drive record sales and earnings for the nation’s largest car dealer.

A combination of a pent-up demand for cars, constricted global supply chains causing backlogs of deliveries, and rising prices for both new and used vehicles has delivered record results for the nations largest dealer, Eagers Automotive.

28/07/2021

Australians felt the impact of big rises in grocery and petrol costs in the June quarter, but economists say the CPI spike will be short-lived.

Inflation spiked to 3.8 per over the year to June and to its highest level since 2008, in what economists have said will be a short-lived anomaly that reflects the Covid disruptions of last year.

28/07/2021

The Tax Institute has ignited the inheritance tax debate again with an idea for a 5 per cent slug kicking in at $2.5m.

The reintroduction of inheritance tax remains an agenda item which is not going to go away merely because it may be unpopular.