Workers at Woolworths will no longer be permitted to wear Indigenous or LGBTQI+ stickers on their badges, according to a leaked memo on dress code which has stirred outrage from some workers. The company memo, first reported by 7 News on Saturday, states the sartorial changes have come about dueContinue Reading
Woolworths announced Amanda Bardwell as its new CEO, replacing Brad Banducci who stood down on Wednesday. Mr Banducci, who reportedly pocketed a whopping annual salary of more than $7m in his tenure, leaves the supermarket in a cloud of controversy after almost nine years at the helm. He led theContinue Reading
Woolworths shares crashed more than five per cent on Wednesday morning despite the retailer recording a revenue bump over the past six months. Despite the increase, the retailer recorded a profit loss of $781m in the midst of a rolling “PR nightmare”. For the half-year ended December 31, 2023, WoolworthsContinue Reading
In a few short years, Qantas has gone from one of the country’s most beloved brands to one of the most distrusted. Fuelled by accusations of ripping off loyal customers in favour of record profits and huge executive payouts, the flying kangaroo is left with a mountain to climb asContinue Reading
Inflation will remain a “crucial challenge” for the Australian economy over the next “one or two years”, Reserve Bank governor Michele Bullock has warned. In a panel discussion at the Australian Securities and Investments Commission (ASIC) Annual Forum on Tuesday, the freshly minted RBA governor stressed the central bank stillContinue Reading
Australia’s lucrative $3bn subscription video on demand market is confronting a new headwind from cost-conscious young Australians, with four in 10 Gen Zs cancelling a streaming service in the past three months. National Australia Bank, which surveyed 2000 Australians to assess consumer sentiment, said younger Australians were now saving upContinue Reading
Gen Z Australians are saving hard to splash out on “once-in-a-lifetime” moments as part of a generational move to make up for time lost to the pandemic, according to the latest consumer survey from one of Australia’s biggest banks. NAB’s survey of 18-29 year-olds shows the cohort are more likelyContinue Reading
Australians now owe more than $70bn combined as the cost of living crisis propels an explosion in personal debts, comprehensive new polling shows. Millions of people have turned to loans and credit cards to make ends meet over the past 12 months while inflation drove up household bills and theContinue Reading
Fears are mounting Australia could slip into a per-capita recession as the big four banks tapper expectations for the year ahead. NAB, ANZ, Commonwealth Bank, and Westpac have all downgraded their economic forecasts as rates rises continue to hit families hard. Although the four still project growth will continue –Continue Reading
Australia’s house price recovery continued in April, with PropTrack’s dwelling values index recording a 0.1 per cent monthly rise to be up 1.4 per cent from its December trough. Sydney, the market which led the downturn, is now leading the recovery, with Sydney home prices rising 1.7 per cent yearContinue Reading