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.
Telstra has apologised to shareholders for a lack of clarity about how it calculates executive bonuses and acknowledged that some investors still feel they are too high despite a 30 per cent cut.
A refreshed banking industry code aims to stop banks charging fees to dead people and ensure they only extract fees from customers in exchange for services actually provided.
Westpac’s major rivals may not rush to follow the lender’s move to raise mortgage rates, with regulators’ glare and the threat of an increased bank levy keeping them on hold, according to one leading analyst.
Nine Entertainment will merge Fairfax Media into its platform under a $2.2 billion deal that has stunned the Australian market.