Mr Neal, who has led QBE for five years, this year lost more than $550,000 in pay for a delay in telling his board about a relationship with his personal assistant, but chairman Marty Becker on Tuesday said succession planning had been ongoing for the past two years.'John has led the business through a significant transformation and a challenging period in the insurance industry globally and has been working closely with the board to ensure a smooth transition for his succession,' Mr Becker said.
Tabcorp expects to complete its $11 billion mega merger with gaming rival Tatts on November 1.The betting and gaming giant says it is confident of completing the deal, with Tatts shareholders scheduled to vote on the scheme of arrangement on October 18, before a second court hearing into the merger six days later.
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.
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.
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.
Logistics firm Brambles has slid 69 per cent in full-year profit to $US182.9 million ($A230.
9 million on the back of strong earnings growth and lower financing costs.The steel maker said sales revenue for the 12 months to June 30 rose 17 per cent to $1.
9 million on the back of growth in admissions and procedural volumes across the company's Australian business.The country's largest private hospital operator said revenue from services for the year to June 30 grew marginally, up 0.
The company reported net profit of $48 million for the year to June 30, up from a $159 million net loss last year, while revenue for the year rose 11 per cent to $871 million.Net operating cash flow grew by $123 million as a result of higher sales pricing, an increased proportion of higher-margin iron ore lump product in the sales mix, and operational efficiencies, the company said.
Medibank Private has lifted its full-year profit 7.5 million, helped by returns from investment income and a lift in health insurance premium revenue.
6 million, helped by the abolition of broadcast licence fees.9 million from one-off items including the licence fee abolition.
Charter Hall has recorded a 20 per cent lift in full-year profits of $257 million.Revenue also increased to $213 million, up from $165 million.
Microsoft won't be holding its annual hardware launch event this year — here's what it's doing instead
View photosPanos Panay, Corporate Vice President for Surface Computing holds the new Microsoft Surface Studio computer at a live event in the Manhattan borough of New York City, October 26, 2016.And, along those lines, there won't be a big, huge Microsoft product reveal for the remainder of 2017, we hear.