Slater & Gordon dropped from the ASX200
This month, Slater & Gordon revealed a $958 million half-year loss as a result of a $876 million of write downs, the majority of which related to its British business Quindell. Photo: Arsineh Houspian Struggling listed law firm Slater & Gordon has suffered another blow after the Australian Securities Exchange dumped the stock from its top 200 list. The removal of Slater & Gordon from the ASX 200 is significant because it means some of the index funds which a..>> view originalASX rises despite ECB 'shot in the foot'
European Central Bank chief Mario Draghi indicated interest rates would probably not be lowered further. Photo: Michael Probst Australian shares rose for a second consecutive week, bookended on Monday by a record-breaking 19 per cent gain in the iron ore price and on Friday by the European Central Bank once again managing to disappoint global investors. The spike in iron ore, driven by China's announcement that it would pursue economic growth at all costs, fe..>> view originalMyer shuts Brisbane's Brookside store
Myer is closing its Brookside store in Queensland, putting up to 100 jobs at risk. Photo: Pat Scala Myer has announced its first store closure since unveiling plans to cut its store footprint by up to 20 per cent as part of its $600 million turnaround strategy.The closure will put up to 100 jobs at risk, but Myer's decision to keep the store open until January next year is expected to reduce the total job losses through natural attrition and some "redeploymen..>> view originalXiao sentence shows courts get tough on insider trading
Steven Xiao was extradited to Australia in October 2014 facing charges relating to more than 100 illegal trades in miners Sundance and Bannerman. Supplied Corporate regulator Greg Medcraft has been desperate for a big insider trading scalp and will rightly leverage the biggest sentence ever handed down by an Australian court to send a clear warning to the market.The 8 year, 3 month sentence against former Hanlong Mining managing director Steve..>> view originalBooming Melbourne property market, Tatts pay-out, boosts Victoria's surplus
Booming Melbourne property market, Tatts pay-out, boosts Victoria's surplus Posted March 11, 2016 18:54:02 A booming property market and a windfall from a High Court pokies judgement have boosted Victoria's budget surplus to $1.5 billion.The 2015-16 mid-year financial report showed the state's surplus stood at $940 million before the High Court ruled gaming giant Tatts Group must hand back $540 million in compensation for losing its lucrative poker machine duopoly wit..>> view originalACCC's pursuit of Flight Centre goes all the way to the High Court
Flight Centre says it is "disappointed" the ACCC has continued to pursue the long-running case. A long-running case under which the competition regulator accused Flight Centre Travel Group of fixing the prices of international flights will be heard by the High Court.The Australian Competition and Consumer Commission had refunded $11 million in penalties and Flight Centre's legal costs last year after the Full Court of the Federal Court of Australia unanimously..>> view originalASIC tightens Macquarie licence conditions
Latest In financeGERMANY, Sweden and other European countries are facing growing public unrest amid a wave of violent sexual assaults.17:06 PMAmanda Sheppeard A North Balgowlah house with amazing music pedegree and a history of music making comes to market16:35 PMTherese Allaoui SHE’S yet to finish Year 10, but 15-year-old Gemma Howard is already a qualified yoga instructor. What it took to get there was gruelling.16:24 PMSam Clench DONALD Trump behaved strangely at today’s Republican debate. He..>> view originalLinc Energy to stand trial over alleged gas breach at Chinchilla trial site
Linc Energy to stand trial over alleged gas breach at Chinchilla trial site Updated March 11, 2016 18:30:57 Linc Energy has been committed to stand trial on five charges it breached Queensland's environmental laws at its underground coal gasification site.The state's environment department has accused the company of wilfully causing serious harm at its trial site near Chinchilla on the Darling Downs.It is alleged that fugitive gases from the site - including carbon mono..>> view original
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