The Australian Chamber of Commerce and Industry has accused the ACTU secretary of “bad economics” and “corrosive politics” for protesting outside the RBA

#rba #actu #inflation

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Top fashion brands divert Christmas stock from struggling David Jones

Business & Economy

1w ago

Top fashion brands divert Christmas stock from struggling David Jones

At least two high-profile womenswear labels have pulled their holiday stock out to send to their own stores as restructuring talks come to a head.

#christmas #jones

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Catalano, Waislitz tip millions in ‘emergency funding’ into View Media

Business & Economy

1w ago

Catalano, Waislitz tip millions in ‘emergency funding’ into View Media

What was once a grand plan to take on realestate.com.au and Domain has become a smaller collection of property businesses.

#catalano #waislitz #australia

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Metrics-backed RealtyAssist mulls M&A play after bleeding $1m-a-month

Business & Economy

1w ago

Metrics-backed RealtyAssist mulls M&A play after bleeding $1m-a-month

The proptech business has been in freefall for some time despite multiple cash injections from its backer Metrics Credit Partners.

#metrics #realty #assist

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Calls to axe EV tax break as 112,000 drivers blow the budget

Business & Economy

1w ago

Calls to axe EV tax break as 112,000 drivers blow the budget

Uptake has far exceeded the government’s expectations, and economists are urging Treasurer Jim Chalmers to dump the policy as he hunts for budget savings.

#electric-vehicles #treasurer

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‘Triple in five years’: Angus Aitken’s surprise Barrenjoey pitch

Business & Economy

1w ago

‘Triple in five years’: Angus Aitken’s surprise Barrenjoey pitch

The stockbroker’s stirring the pot by backing Barrenjoey’s bankers and traders to do what Macquarie did decades ago.

#triple #angus-aitken #barrenjoey

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The fallen hot stocks now hammering Australia’s top fundies

Business & Economy

1w ago

The fallen hot stocks now hammering Australia’s top fundies

From medical technology to mining hopefuls, Australia’s top fund managers have been caught holding the ASX’s hottest stocks for too long.

#australia #fund #regal

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Singaporean investment fund, Ovolo circle $75m Sunshine Coast hotel

Business & Economy

1w ago

Singaporean investment fund, Ovolo circle $75m Sunshine Coast hotel

The sell-side pitch points out that Caloundra, which is the closest coastal town to Brisbane, is on track to topple Noosa as the premier holiday destination of the Sunshine Coast.

#ovolo #sunshine-coast #hotel

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UBS finds itself in the path of NextDC’s share price bloodbath

Business & Economy

1w ago

UBS finds itself in the path of NextDC’s share price bloodbath

The Swiss investment bank has been unmasked as one of two the data centre provider used for cash-settled capped call options, which appears to have backfired.

#ubs #swiss

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One lonely economist tips a Cup-day rates boilover. Here’s why

Business & Economy

1w ago

One lonely economist tips a Cup-day rates boilover. Here’s why

That expert hopes that the Reserve Bank of Australia board “will come to its own conclusion rather than rely on the public “echo-chamber”.

#rba #australia

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After collapse of $4b sale to Coles, Greencross talks up growth to LPs

Business & Economy

1w ago

After collapse of $4b sale to Coles, Greencross talks up growth to LPs

The way the two companies’ latest financials read, you would have to think Weckert and Greencross’ CEO Lucas Barry are living in totally different worlds

#coles #greencross #weckert

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The three assets wealthy people all have in common

Business & Economy

1w ago

The three assets wealthy people all have in common

To be truly wealthy, you need to accumulate assets that provide safety, security and flexibility at different stages of life.

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