News
Former NSW premier Mike Baird won’t talk about running for the top job at NAB, but plenty of others are linking him with the role.
Business
Commonwealth Bank’s first-half cash profit has fallen 2.1 per cent to $4.676 billion, weighed down by Australia’s slowing property markets.
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AMP has flagged a 96 per cent drop in full-year profit and a drastically smaller final dividend after confirming it will set aside another $200 million to cover the cost of customer remediation related to issues heard at the banking royal commission.
Nine Entertainment will make 144 positions redundant following its merger with Fairfax Media.
Fairfax Media has less than three weeks left as an independent entity after its shareholders voted overwhelmingly in favour of the 175-year-old company’s merger with Nine Entertainment.
News Corp has lifted first-quarter profit 48.5 per cent to $US101 million ($A138.8 million) despite a seven per cent fall in revenue at its Australian newspapers.
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