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Business
The Australian economy expanded by 0.5 per cent in the June quarter as annual growth slowed to a fresh post-GFC low of 1.4 per cent.
Business
Woolworths has raised full-year profit by 7.2 per cent to $1.75 billion after a robust second-half performance by its Australian supermarkets offset softness at Big W and the liquor division.
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Supermarket giant Woolworths is combining its liquor and hospitality businesses ahead of a divestment next year, but insists it is not trying to distance itself from the gambling industry.
Coles says its supermarkets will make $1 billion in cumulative savings over the next three years thanks to investments in technology, automation, and artificial intelligence.
Treasury Wine Estates has raised a glass to shareholders, upping its interim dividend following a 15.1 per cent lift in first-half profit to $201.1 million.
Bendigo and Adelaide Bank shares have taken a dive after a 2.4 per cent dip in first-half profit, but the regionally focused lender hopes to benefit from the big four’s public relations disaster at the royal commission.
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