A lift in international passenger numbers has helped Sydney Airport's first-half profit rise 4.4 per cent to $166.
The National Retailers Association says proposed changes to retail trading hours in Queensland are 'farcical' and won't make any difference for consumers or retail operators.The legislation is on the agenda for state parliament this week after being delayed earlier this year to secure support from the crossbench.
Consumer confidence has fallen to its lowest level since mid-2015 with households concerned about lacklustre wages growth and seemingly ever-rising energy costs.The latest ANZ-Roy Morgan Consumer Confidence Index fell 2.
Former Linc Energy chief executive Peter Bond has lost an appeal against an order to rehabilitate contaminated soils at the Hopeland underground coal gasification site.The Environmental Protection Order (EPO) was issued by the Department of Environment and Heritage Protection in May 2015, but Mr Bond appealed against it in the Planning and Environment Court in March, arguing there were technical problems with the order that made it unlawful.
Australia's biggest dairy processor, Murray Goulburn, is being sounded out by potential buyers for all or part of its business as it struggles to deal with a falling milk supply.The troubled dairy co-operative has reported a $370.
Internet giants Facebook and Google have been grilled about how much they really earn in Australia during a parliamentary inquiry into corporate tax avoidance, amid concerns about an 'extraordinary discrepancy'.The evidence suggested half of Australia's $18 billion advertising market was digital, with Facebook and Google accounting for 75 per cent, putting their revenues in Australia around $6 or $7 billion.
Auckland International Airport has lifted annual profit 27 per cent with growth from domestic and international passengers, and expects underlying earnings growth in 2018.7 per cent revenue lift to $629.
Chinese visitor numbers to Melbourne are expected to jump with the addition of a new direct route between Zhengzhou and the Victorian city.6 billion in the year to March.
IAG has lifted full-year profit 48.6 per cent to $929 million despite events, including last year's Kaikoura earthquake in New Zealand and tropical Cyclone Debbie, pushing natural peril claims above allowance.
The company's operating margin improved to 74 per cent, while sales revenue increased 16 per cent, despite a dip in volumes.Based on the performance of the PNG LNG project, Oil Search narrowed its production guidance for the full year, with the bottom end of the range lifted from 28.
Greencross admits it is not immune to Amazon but believes its shift towards putting veterinary clinics inside pet care stores will give it a strong competitive advantage.The group's Australian retail outlets Petbarn and City Farmers make up 62 per cent of its annual revenue, while its vet clinics account for 26 per cent.
It's the fastest-ever pace and on track to hit a new record this year.Some 13,063 new vehicles were registered in August, ahead of the 12,677 registered in the same month last year, according to the Motor Industry Association.
It follows revelations of exploitation by some 7-Eleven franchisees.The Fair Work Ombudsman's powers will also be strengthened to make sure the exploitation of vulnerable workers can be effectively investigated.
The South Australian government will contribute nearly $1 million to help bring a Cooper Basin gas project to market with the exploration company also shifting its head office to Adelaide from Sydney.SA Mineral Resources Minister Tom Koutsantonis said the move showed the state was becoming the 'centre of nation's gas sector' due to the right geology, investments and correct regulatory frameworks.
4 per cent decline in insurance earnings reflecting increased claims as a result of natural disasters such as the Kaikoura earthquake last November, higher working claim costs and challenging conditions in the business insurance market.Sydney-based IAG's New Zealand business is the biggest general insurer in the country, with the AMI, State, NZI and Lumley Insurance brands on this side of the Tasman.
Shares in The A2 Milk Company have hit a record high after a boom in infant formula demand in China and Australia almost tripled its annual profit to $NZ90.9 per cent, to $4.
Discount retailer The Reject Shop's full-year profit has fallen 27.8 per cent to $12.