Low growth, low wages, low exports: GDP figures are no laughing matter
Joe Hockey’s ‘clowns’ comment may come back to haunt him as defence and housing sector were the only bright spots in a gloomy picture of the economy The latest gross domestic product (GDP) figures show just how dependent Australia is on exports, and that when they fall away, so too do any hopes of strong […]
Joe Hockey says there is no risk of recession in Australia
As the services sector grows at its fastest rate for seven years, the treasurer says the government’s policies are strengthening the economy Joe Hockey says there is “no risk” that Australia will have a recession as he defended the government’s record on the economy. After national accounts released on Wednesday showed the economy grew just […]
Australia's top CEOs earn 72% more than declared, research shows
Stock options among factors that took incomes of ASX100’s 10 highest paid chief executives to a cumulative $171.4m in 2014, against the $99.6m reported The rules governing Australia’s biggest companies may only reveal “the tip of the iceberg” when it comes to senior executive pay in Australia. The collective pay packet of the ASX100’s 10 […]
Net-a-Porter founder quits in surprise move ahead of takeover
Natalie Massenet had said she would stay on as chairman after approval was given to deal with Italian online retailer Yoox Natalie Massenet, the founder of Net-a-Porter, has quit the online fashion empire she created just weeks before its takeover by an Italian discounter is finalised. The former Tatler journalist, who launched the company selling […]
Shell still has to prove its BG Group takeover is a slick deal
As its £55bn purchase moves closer, falling oil prices mean Shell’s offer is less compelling than when first announced Royal Dutch Shell has got the thumbs up from the European commission for its £55bn takeover of BG Group. That is two regulatory hurdles cleared, three to go. At that point, harder questions can be asked. […]
Burger King continues quest for Peace Day burger after McWhopper rejection
Fast-food chain’s offer of a joint ‘peace burger’ drew disdainful rebuff from McDonald’s but other US burger chains may be interested Burger King is refusing to give up on its attempt to release a showpiece burger in conjunction with rival fast-food chains to mark the United Nations’ International Day of Peace, despite being publicly rebuffed […]
Kipper Williams on the rise in zero-hours contracts
The number of people reporting that they work on contracts with no minimum hours has risen to 744,000, the ONS says Continue reading… Source: The Guardian Circular Economy RSS
Sports Direct chairman under pressure to go
Changes to FCA rules mean minority shareholders could block Keith Hellawell’s re-election Sports Direct chairman, Keith Hellawell, is expected to come under renewed pressure to step down from the retailer’s board at its annual meeting next week as a result of new rules giving increased rights to minority shareholders. New guidance from the Financial Conduct […]
Migrants targeting UK bound passenger trains taking ever greater risks
As Eurostar train delayed by people on roof finally arrives, Eurotunnel reports increased security is resulting in more desperate tactics People who are taking ever greater risks to reach Britain from Calais have targeted UK-bound passenger trains for the first time because of increased security measures at the Channel tunnel. Two Eurostar passenger trains were […]
Wall Street higher after jobs data but markets remain volatile – business live
Investors fret about the state of the world economy, as Australia’s economy falters and Chinese stocks drop again Summary: Shares up despite growth concerns Lagarde: Hopes for ‘orderly’ rebalancing Chinese stock market falls despite interventions Fears of new turmoil next week In Greece, Syriza’s lead narrows…. 5.04pm BST Some positive news for Greece: International passenger […]