AAP Finance

Retail bleeds jobs, Lew defies landlords

Solomon Lew says Premier Investments will not pay rent during a virus-necessitated shutdown of its stores as thousands of retailers across the nation shed jobs.

AAP Newswire

ACCC gives green light to Bauer merger

The ACCC has determined Bauer Media’s proposed merger with Pacific Magazines was unlikely to substantially lessen competition in relevant markets.

AAP Newswire

ACCC gives green light to Bauer merger

The ACCC has determined Bauer Media’s proposed merger with Pacific Magazines was unlikely to substantially lessen competition in relevant markets.

AAP Newswire

Flight Centre to stand down or sack 6,000

A total 6,000 Flight Centre support and sales roles across the globe will either be stood down or, in some instances, become redundant.

AAP Newswire

Brickworks first-half profit drops 50%

Brickworks first-half statutory net profit after tax drops by 49 per cent to $58 million in the wake of the coronavirus.

AAP Newswire

Virgin redundancies to top 1,000: CEO

More than 1,000 Virgin Australia workers will likely be made redundant from the 8,000 asked to stand down from their jobs.

AAP Newswire

AMP outlook shelved, Life sale on track

AMP says it is on track to complete the sale of its wealth protection unit in June despite disruptions caused by the coronavirus pandemic.

AAP Newswire

World Bank, IMF urge debt relief for poor

The world’s poorest countries should be given immediate debt relief, the World Bank and the International Monetary Fund say.

AAP Newswire

Some companies shine amid market carnage

While Australia’s share market has slumped more than 28 per cent since the start of the year, some companies are thriving amid the coronavirus crisis.

AAP Newswire

The Star standing down 8,100 workers

The Star Entertainment has stood down 8,100 workers - or 90 per cent of its workforce - following the closure of its food, beverage and gaming facilities.

AAP Newswire

Cochlear in raising, ASX warnings multiply

Medical tech firm Cochlear has halted trading as it moves to raise $800 million to offset a hefty COVID-19 hit.

AAP Newswire

Virgin Australia stands down 8,000 staff

Virgin Australia has put 8,000 staff on leave and further slashed domestic flights - to 90 per cent - due to coronavirus travel restrictions.

AAP Newswire

MyState CEO delays exit amid virus chaos

MyState chief executive Melos Sulicich is staying on at the Tasmanian-based financial group to help steer it through the coronavirus pandemic.

AAP Newswire

RBA pumps $6.9bn liquidity into system

The Reserve Bank of Australia has flooded the system with nearly $65 billion cash since March 12 when a liquidity crunch sent global markets into a tailspin.

AAP Newswire

Rio Tinto to slow mining as lockdowns loom

Rio Tinto is shuttering its furnaces at its mineral sands mine in South Africa and slowing work in Quebec as governments institute coronavirus lockdowns.

AAP Newswire

ACCC grants powers to counter panic-buying

Australia’s supermarkets have been granted permission to work with each other to ensure their shelves are stocked during the coronavirus pandemic.

AAP Newswire

Woolies’ pub staff, Seven cop virus blows

About 8,000 workers have been stood down at Woolworths’ licensed venues, showing the impact of restrictions to stem the spread of coronavirus.

AAP Newswire