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AAP•2 hours agoWomen's business summit says quotas key
Quotas are the key to getting more women into corporate leadership roles and increasing the profitability of companies, the Global Summit of Women has found. The three-day summit is being held in Australia for the first time in 28 years, in part because of the nation's progress in promoting women
AAP•2 hours agoWitness collapses at bank royal commission
The head of a financial advice firm has collapsed while giving evidence to the banking royal commission after being accused of lying. Dover Financial Advisers sole owner Terry McMaster collapsed at the end of more than two hours of questioning. Mr McMaster was assessed by paramedics inside the courtroom
AAP•2 hours agoAGL commits to new power plant in NSW
AGL Energy has committed to building a new gas-fired electricity plant in NSW that is expected to be completed prior to the closure of its Liddell power station. The company said it will spend up to $400 million on a 252 megawatt plant near Newcastle, with a completion target of 2022, the same year
AAP•2 hours agoTelstra fined $10m for bad billing blunder
Telstra has been fined $10 million for automatically charging customers for items they didn't want, including ring tones, games and competitions using a third-party billing service. Australia's consumer watchdog took the telco giant to court after customers complained about being billed for
- AAP•3 hours ago
Adviser collapses at bank royal commission
The head of a financial advice firm has collapsed in the stand at the banking royal commission after being accused of lying. Dover Financial Advisers sole owner Terry McMaster had been giving evidence to the commission for more than two hours when he began to experience problems. The dramatic development
- AAP•3 hours ago
NSW housing completions record smashed
The number of homes being completed in a 12-month period in Sydney has exceeded 40,000 for the first time. Figures released by the Department of Planning and Environment on Thursday showed the record was reached in the year to February 2018, eclipsing the previous record set in 2017 by 1250 homes.
- AAP•4 hours ago
Telstra fined $10m over billing blunder
Telstra has been fined $10 million for using a third-party billing service to automatically charge customers for services they didn't want, including ring tones and competitions. The consumer watchdog ...
- AAP•4 hours ago
THC shares high on acquisition
Shares in The Hydroponics Company (THC) have soared after the pot stock acquired one of the largest pharmaceutical plant extraction and refinement facilities in the southern hemisphere. The company says the $2.5 million acquisition of the facilities in Southport, Queensland from LEO Pharma will enable
AAP•4 hours agoMarket falls as Westpac woes impact banks
The Australian share market has been dragged lower by the big four banks after UBS downgraded Westpac in a report that questioned the quality of the lender's mortgage book. The benchmark S&P/ASX200 index ...
AAP•4 hours agoWesfarmers upbeat on UK Bunnings
Wesfarmers chief executive Rob Scott has taken a more positive stance on his company's struggling Bunnings venture in the UK despite another dramatic fall in sales. Bunnings UK and Ireland suffered a 13.5 per cent slump in sales in the first three months of 2018 compared to a year earlier, with
- AAP•4 hours ago
Morrison pushes company tax cut case
Treasurer Scott Morrison has continued to press for extending corporate tax cuts to all businesses, arguing that Australia's 10 top companies have paid more than a quarter of all corporate tax. Mr Morrison on Thursday dismissed claims corporations in Australia are not paying tax, saying there was
AAP•4 hours agoCompany tax cut is govt mission: Morrison
Treasurer Scott Morrison is refusing to admit defeat over the government's company tax cuts as business and unions clashed over the merits during a Senate hearing briefly marred by protesters. The treasurer told a forum on Thursday the coalition has already delivered a five percentage point reduction