Seven West Media chief executive James Warburton is leaving the troubled company more than two months earlier than expected. “Current managing director and chief executive officer James Warburton will finish at SWM today … with Jeff Howard commencing in the role on April 19,” the company announced to ASX saidContinue Reading
The Treasurer has accused the Greens of “confected outrage” after the Woolworths chief was threatened with jail during a senate inquiry. Greens senator Nick McKim on Tuesday said Woolworths chief executive Brad Banducci could be held in contempt after he repeatedly declined to answer questions about the company’s return onContinue Reading
Australia is expected to lag behind its peers in reducing inflation and boosting economic growth, the International Monetary Fund has warned, as Treasurer Jim Chalmers prepares to attend a a series of high-level talks in Washington. With less than a month until the May budget, Dr Chalmers will leave theContinue Reading
The first bosses of Australia’s biggest supermarkets are getting ready to be interrogated over rising grocery prices and price gouging before a final showdown that will see the heads of Woolworths and Coles front angry senators. On Thursday, the chief executive of the German-headquartered Aldi chain Anna McGrath and MetcashContinue Reading
A Melbourne software company has sacked its chief executive for the “likely” unauthorised use of $30m that went missing from the company. Dubber is a call recording software company, founded by ousted chief executive Steve McGovern and two other “friends” in 2011, a now pulled-down version of its website says.Continue Reading
New home starts have plunged to the lowest level in more than a decade, as constrained conditions in the building industry and elevated interest rates crunch the construction of new housing. Work commenced on just 163,836 new homes during 2023, down 6.4 per cent on the year prior, the AustralianContinue Reading
Victorian Energy Minister Lily D’Ambrosio has accused her federal Labor colleague, Resources Minister Madeleine King, of sounding “more like a Coalition minister” after she warned households should expect to pay higher gas bills as a result of supply shortfalls in the state. The war of words followed the release ofContinue Reading
Telstra boss Vicki Brady has issued a grovelling apology after a run of embarrassing failures resulted in the outage of triple-0 services last month that impacted more than 100 callers, including the family of one man who subsequently died. On Wednesday, Ms Brady detailed the cause of the March 1Continue Reading
Inflation held steady last month, buoying hopes that the Reserve Bank can move to cut interest rates this year. Consumer prices rose 3.4 per cent in February from a year earlier, the Australian Bureau of Statistics said on Wednesday, slightly below economists’ expectations of a 3.5 per cent increase. However,Continue Reading
Crown Resorts will be allowed to continue operating Melbourne’s Crown Casino, with the Victorian regulator finding it suitable to retain its gaming licence. But Victoria’s Gambling and Casino Control Commissioner Fran Thorn has put the gambling giant on notice that it must toe the line. “The Commission today announced thatContinue Reading