Tuesday, March 22, 2016

Telstra provided the biggest lift on the index on Tuesday, rising 1.4 per cent to $5.26. Photo: Supplied and other top stories.

  • Telstra provided the biggest lift on the index on Tuesday, rising 1.4 per cent to $5.26. Photo: Supplied

    Telstra provided the biggest lift on the index on Tuesday, rising 1.4 per cent to $5.26. Photo: Supplied
    Telstra provided the biggest lift on the index on Tuesday, rising 1.4 per cent to $5.26. Photo: Supplied The Australian sharemarket fell underwater in a muted day of trading ahead of the Easter long weekend, as investors take a breather following a bumper March rally. In the absence of a strong lead from Wall Street, where the S&P 500 ended just 0.1 per cent higher, the market struggled amid low trading volumes, ultimately closing lower, dragged down by fall..
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  • Kathmandu back in the black as profits rebound $NZ11m

    Kathmandu back in the black as profits rebound $NZ11m
    Chief executive Xavier Simonet reaffirmed the retailer's guidance for full-year net profit of $NZ30.2 million. Photo: Supplied  Kathmandu's polar fleeces, waterproof pants and hiking boots could be sold in overseas department stores, sporting goods stores and franchised shops under new business models being explored by chief executive Xavier Simonet.In a major shift in strategy, the vertically integrated retailer, which designs, sources and sells its own bran..
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  • List of tax paid by private companies run by Australia's richest revealed

    List of tax paid by private companies run by Australia's richest revealed
    Video will begin in 5 seconds. Which companies don't pay tax? Some of Australia's largest corporations paid no tax in 2013/14 despite turning over billions of dollars. PT1M47S 620 349 Companies controlled by high-profile rich listers including Gina Rinehart, Harry Triguboff, Lindsay Fox and Anthony Pratt have revealed their tax bills publicly for the first time. Gina Rinehart's Hancock Prospecting paid almost $500 million in 2013-14, at a 30 per cent tax rate on its $1.5 billi..
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  • iiNet broadband numbers hit wall under TPG

    iiNet broadband numbers hit wall under TPG
    Nick Sas - The West Australian on March 22, 2016, 9:19 am iiNet boosts TPG Telecom result. iiNet's customer numbers have hit a brick wall following its $1.6 billion takeover by TPG, with the Sydney telco laying bare the true cost, and benefits, of the July acquisition.In a very basic breakdown of iiNet's figures in its half-yearly report released this morning, TPG revealed iiNet broadband numbers had stagnated at 989,000 in the six months to the end of the December, the same number ..
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  • ACCC allows taxi booking app

    ACCC allows taxi booking app
    ACCC allows taxi booking appHailing a cab during busy periods is set to become easier after the competition watchdog decided to allow a new smartphone taxi booking app called "ihail".The Australian Competition and Consumer Commission has given the all-clear for the app, which the taxi industry hopes will help it better compete with ride-sharing service Uber.The ACCC was initially opposed to the taxi industry setting up ihail but has changed its mind following significant modifications to the app..
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  • House price growth slows as Sydney goes into reverse

    House price growth slows as Sydney goes into reverse
    House price growth slows as Sydney goes into reverse Updated March 22, 2016 17:32:19 Australia's property market is showing signs of cooling, with prices up just 0.2 per cent in the December quarter, while the booming Sydney market fell.The modest increase in the Australian Bureau of Statistics' residential property price index slowed the overall annual increase to a still robust 8.7 per cent, but down from the 10.7 per cent recorded in the September quarter.Sydney was ..
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  • RBA's Glenn Stevens says moderating house prices 'helpful'

    RBA's Glenn Stevens says moderating house prices 'helpful'
    Video will begin in 5 seconds. Sydney property prices fall It's hard to believe but property prices have actually fallen in Sydney. PT0M51S 620 349 Reserve Bank of Australia governor Glenn Stevens has talked up regulatory measures taken to slow lending to investors in the heated Sydney and Melbourne property markets and said moderating house prices were "helpful".Mr Stevens said regulators' tightening of lending standards had been "timely"."So often over the years, tighter sta..
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  • Health insurers named and shamed

    Health insurers named and shamed
    Medibank, NIB and HCF have been singled out by a consumer group for offering useless junk products.Health insurers named and shamedPrivate health insurer Bupa has defended "junk" policies as a new name and shame campaign slams major funds for selling useless products to consumers.Medibank, HCF and NIB are among those singled out by consumer advocacy group Choice on Tuesday as offering policies that are a waste of money - with little benefit above what is provided through Medicare.Choice spokesma..
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  • Mine deaths case adjourned again

    Mine deaths case adjourned again
    The Mt Lyell mine site at Queenstown on Tasmania’s West Coast.THE families of three miners killed in the Mt Lyell copper mine will have to wait for at least another three months to learn if the mine operator will plead guilty to failing to comply with its health and safety duties.The charges relate to the deaths of Alistair Lucas and Craig Gleeson, who fell to their deaths in December, 2013 when a platform on which they were standing in a mine shaft broke and the death of Michael Welsh who was k..
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  • Nick Scali CEO Anthony Scali lifts stake after family sell-down

    Nick Scali CEO Anthony Scali lifts stake after family sell-down
    Nick Scali managing director Anthony Scali has increased his stake in the company founded by his father. Photo: Rob Homer Nick Scali chief executive Anthony Scali has reaffirmed his commitment to the furniture retailer by buying shares owned by his brother and sister in a $70 million family sell-down.While Nicky and Yvonne Scali have sold their entire respective 16.7 per cent stakes in the company founded by their father Nick 50 years ago, Anthony Scali has..
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Females are more pessimistic than males about economy, Mastercard survey says .Trainer Peter Moody suspended for 12 months with six months suspended on charge of cobalt administration without ... .
Last ever Ford Falcon XR Sprint editions go on sale, sell out straight away .Basslink repairs: Bryan Green calls for ACCC investigation as internet disruptions continue .

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