Dick Smith administrator targets $10 million payment to Macquarie Bank
The administrator of failed electronics chain Dick Smith plans to claw back $10 million the retailer paid to Macquarie Bank just days before receivers took control of the beleaguered electronics chain in early January.Amid details of how Dick Smith's management made purchasing decisions based on rebates rather than customer demand, McGrathNicol outlined in its report there was little prospect unsecured creditors would recover any of the $200 million they were owed when the business collapsed ..>> view originalSacked trader dropped ANZ lawsuit to 'protect family'
An ANZ trader who sued the bank over his sacking says he dropped the $30 million lawsuit because of the impact it was having on his family, not because his case wasn't strong enough to win. Etienne Alexiou's explosive lawsuit revealed that a rampant culture of sex, drugs and alcohol was allowed to permeate ANZ's trading floor, sending shockwaves through the industry. ANZ said that it had not made any payment to Mr Alexiou to settle the case, and that both parties were covering their own le..>> view originalSA Power Networks to pay customers about $7 million for power outages during storm
AU SA: Adelaide Hills Lashed by Strong Winds and Hail July 120:34Mt Barker in South Australia was lashed by hail and 100 km/h winds in a spate of extreme weather sweeping through the Adelaide Hills. Shahni Whitlock says she filmed the hail storm on July 12. Shahni says, ?I was in the car waiting for the washing to dry and it was raining a little bit and then BAM! Little bits of hail. I still have ice on my car.? According to news reports more than 27,000 homes are without power as a result ..>> view originalAldi recalls hotdog buns in NSW, ACT after metal shavings found in products
Aldi recalls hotdog buns in NSW, ACT after metal shavings found in products Posted July 13, 2016 17:28:54 Discount supermarket chain Aldi has issued a recall for hotdog rolls in New South Wales and Canberra, instructing customers not to eat them, after metal shavings were found inside some products. The six-pack Bakers Life Hotdog Rolls with a best before date of July 14, 2016 have been recalled.In a statement, Aldi said it "takes product quality and safety seriously"..>> view originalASX racks up fifth session of gains as resources rally
Enthusiastic buying of mining and energy stocks helped buoy the Australian sharemarket for a fifth consecutive session on Wednesday, as shareholders were cheered early by surging oil and iron ore prices.The S&P/ASX 200 index added 35 points, or 0.7 per cent, to 5388.5, while the broader All Ordinaries measure climbed 37 points to 5470.3. The Australian shares of BHP and Rio Tinto have appreciated rapidly compared to the miners' London shares. Photo: Glenn Hunt Investors around the world ..>> view originalFlybuys member data used to market NAB, Medibank and Telstra
Nearly nine out of ten customers have at least one loyalty card. Supplied Flybuys and Woolworths Rewards members' supermarket trolleys are being analysed by Coles and Woolies to promote the services of other businesses, including NAB, Medibank, Telstra and Big W.A privacy commissioner's report, released on Wednesday, found the Wesfarmers-owned supermarket giant collects Flybuys members' grocery purchase history and may use the data to do promot..>> view originalStocks rally with copper showing Brexit systemic risks contained
Ringgit forwards briefly extended losses after Bank Negara cut interest rates, surprising all but one economist in a Bloomberg survey. — Reuters file picHONG KONG, July 13 — Wherever you look in global financial markets, signs are emerging that the fallout from Britain’s vote to leave the European Union is under control. Global stocks are rising for a fifth day, having recovered almost US$4 trillion (RM15.9 trillion) in value lost in the days following the UK’s June 23 referendum, and emergi..>> view originalCedar Woods goes from zero to 1500 Adelaide homes with two SA announcements
Port Adelaide Precinct Plan. Cedar Woods was named preferred bidder for the North West and Fletcher's Slip precincts. Starfish Developments will take Dock One and the southern part of Port Approach between the dock and main road. Supplied Cedar Woods, which has not built a single home in South Australia, has the official nod to build 1500 over the next ten years across separate renewal projects. The Perth-based developer with operations alread..>> view originalBrexit and close election hit consumer confidence
The fallout from Brexit and Australia's tight election result rattled consumers, according to the Westpac-Melbourne Institute confidence survey for July, with the headline index slipping back into negative territory.The bank said on Wednesday the main index had dropped 3 per cent, to 99.1 in July from 102.2 in June. More Business Videos Previous slide Next slide Mainstream parties still rule The Woolworths warning Election impact on business: not mu..>> view originalGutnick's $87m asset transfer to sister's firm probed
| You Can Contract Fatal Bacteria Just By Sniffing . | Holden to cut another 320 Adelaide workers and stop making Cruze ... . |
| Adelaide tops sales growth . | Arson attack blamed for factory blaze . |
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