Seven West Media has been dragged to a full-year loss of $744.3 million by nearly $1 billion in writedowns and one-off costs.
Parliament is unlikely to resolve its standoff over the Weatherill Government’s contentious bank tax any time soon, despite debate to continue today with the Premier launching a broadside at “money launderers to organised crime and terrorist groups”.
Fairfax Media is at the centre of a bidding war after another US private equity firm weighed in with a better offer.
NAB chief executive Andrew Thorburn called Mike Baird just two days after he quit as NSW premier to see if he was interested in resuming his banking career.
Fairfax Media is a step closer to spinning off lucrative real estate business Domain after the media group's first-half earnings dropped by nearly 10 per cent.
AMP chief executive Craig Meller expects a bump in business as people turn to financial advisers to decipher the government's changes to superannuation.