Companies & sectors
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17 September 2018 |
The major banks face years of rolling litigation and potentially billions of dollars in additional compensation out of the Hayne royal commission, as plaintiff law firms prepare a series of test cases over mortgage lending practices and regulators target other areas of bad behaviour.
16 August 2018 |
Financial institutions charging fees for no service. Banks charging dead people. AMP misleading the regulator. Super funds obscuring the truth from their members.
16 August 2018 |
Telstra chief executive Andy Penn has warned of "challenges" over the coming financial year, while posting a net profit decline of 8.9 per cent to $3.53 billion in fiscal 2018, as the rollout of the national broadband network (NBN) continues and mobile competition heats up.
23 March 2018 |
Large Australian shareholders, including investment giant AMP Capital, are reconsidering their investments in Facebook due to ethical concerns over the social media giant's latest privacy scandal..
29 May 2017 |
As a parliamentary inquiry into life insurance continues to hear shocking misconduct revelations and NAB became embroiled in a new scandal at the weekend, the banks' mouthpiece, the Australian Bankers' Association, has been interviewing agencies as they consider a new campaign.
18 May 2017 |
Fairfax Media has received a competing bid from global private equity firm Hellman & Friedman valuing the publisher at up to $2.87 billion.
From global private equity firm Hellman & Friedman, the bid is for a range of $1.225 to $1.25 per share, compared with the TPG consortium proposal of $1.20.
15 May 2017 |
BHP Billiton, the world’s biggest miner is rebranding, changing its name back to just BHP from this week.
The company is rolling out a $10m advertising campaign that includes television ads and a new slogan, “Think Big”, to facilitate the change.
11 May 2017 |
The Fairfax Media chief executive, Greg Hywood, was paid as much as $7.2m in 2016 – substantially more than the $2.74m reported by the company in its last executive pay rundown.
08 May 2017 |
Fairfax Media has confirmed private equity company TPG Capital has made an unsolicited approach to buy its three key metro newspapers and online real estate arm Domain.
The US-based firm has put forward a proposal to buy the Sydney Morning Herald, the Age and the Australian Financial Review, along with Domain, in a deal estimated to be worth about $2.5bn.
04 May 2017 |
The company had around 1,000 editorial staff in 2011. After the latest round of redundancies announced on Wednesday, which will cut 125 jobs, roughly only 375 editorial staff will remain.
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