Business
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.
Business
Investors have given their initial verdict on the findings of the royal commission, driving the financial sector to what looks like being its best day in more than two years.
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Premier Steven Marshall wants to make South Australia “the blockchain capital of the country” and says emerging entertainment streaming services could underpin an SA film industry renaissance, as he looks to emerging technologies in his pursuit of economic growth.
Plans to produce hydrogen in the Cooper Basin for up to 50 years, strongly encouraged by the State Government, have stumbled badly for lack of finance.
The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade.
The parent company of West End Brewery says that about a third of the full-time staff at the landmark Adelaide facility could lose their jobs.
Adelaide-headquartered oil and gas company Beach Energy has promised its biggest ever year of investment after posting an 86 per cent increase in underlying net profit after tax.
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