Christmas spending ‘rather weak’: NAB
Retail spending in Australia appears to have been “fairly weak” over Christmas after thrifty locals hit by weak wage growth exploited Black Friday sales.
BHP Group’s second-quarter iron ore production fell nine per cent, hurt by the forced train derailment that disrupted supply.
Sydney’s housing market has been in steady decline, but auction clearance rates across other major Australian cities have fallen even further.
Lending to owner-occupiers dropped by 1.4 per cent in November, while commercial and personal loans also decreased, according to fresh data from the ABS.
Afterpay is booming, but the company has also defended its risk to consumers ahead of an appearance at a Senate inquiry into buy-now-pay-later companies.
Rio Tinto has shipped 338.2 million tonnes of iron ore from its Pilbara operations, in line with its full-year guidance, up two per cent on the previous year.
Mining mogul Gina Rinehart retains her spot as Australia’s richest person despite Forbes’ reporting her net worth has fallen $US1.8 billion to $US14.8 billion.
AGL has suspended sales of coal ash from its Bayswater and Liddell power stations, while a downgrade from JP Morgan has also seen its share price dip.
Beverage giant Coca-Cola Amatil has signed Pizza Hut to a five-year supply deal for its 285 Australian restaurants.
A surge in first-half revenue from its exclusive, partner, and in-house mobile brand has helped retailer Kogan.com offset plummeting sales from Apple products.
Atlas Pearls says an investigation is ongoing into a security incident at one of its remote pearl farms, though the theft will not hurt its bottom line.
Farm Pride Foods says it expects the factors placing pressure on trading conditions - namely dry weather and oversupply - won’t to let up any time soon.
The European Union ruling in favor of Ireland-based fast-food chain Supermac’s allows other companies as well as McDonald’s to use the “Big Mac” name in the EU.
Worries about house prices, US-China trade tensions, and even the Australian men’s cricket team has pushed consumer confidence 4.7 per cent lower in January.
HOLIDAY-MAKERS in Echuca-Moama have been left with a bad taste in their mouth as gastro continues to sweep through caravan and holiday parks along the Murray River.
A search has resumed for former Shepparton mother Felicity Shadbolt, who went missing while bushwalking in Western Australia’s Pilbara region.
The principal of Shepparton’s new ‘‘super school’’ has been appointed.