Westpac has posted a 12 per cent drop in first-half cash earnings to $3.1 billion, on the back of competitive pressures in the home loan market and increased provisions for bad debts.
The nation’s biggest cement group, Adelaide Brighton, has ditched its local South Australian references and will now be known as ADBRI Limited.
South Australian-based energy giant Santos wants the Federal Government to ‘clarify’ its dramatic intervention in the gas market, which seeks to restrict exports to prevent domestic shortages.
Premier Jay Weatherill’s push for the states to go alone on a carbon pricing plan has garnered limited political support, but he is taking comfort from an expert report that suggests that an emissions intensity trading scheme would shave billions from the nation’s electricity costs.
Virgin Australia’s budget airline, Tigerair Australia, has formed a new alliance with seven peers in Asia, aimed at boosting passenger numbers and cutting airfares.
Three years after retiring from federal politics, Peter Garrett is reigniting his musical career with the announcement that his band Midnight Oil is getting back together to tour Australia and overseas.