Too many businesses are keener to pay dividends than they are to grow, an exasperated Reserve Bank governor Glenn Stevens has told a parliamentary hearing.
Just imagine having your KPIs linked to Sandilands’ diet. This is the guy who was described by one former colleague as ‘‘that bearded lump of cholesterol’’.
As a slide in BHP Billiton’s share price that began in London on Tuesday night spilled into the local market on Wednesday morning, BHP and advisers began asking the obvious question: were BHP shareholders giving the group’s demerger plan the thumbs down?
Motorists are paying more for petrol because big chains BP, Caltex, Coles, Woolworths and 7-Eleven use a members-only website to coordinate price movements, the consumer watchdog alleges.
A new bulk-grain export terminal would be built at Geelong - Victoria's fourth such terminal - under a proposal revealed on Wednesday by grain marketer Bunge Australia.
Australia’s sharemarket has closed at its highest since the global financial crisis, despite the second-biggest company on the ASX, BHP BIlliton, posting its biggest fall in five months.
Wesfarmers boss Richard Goyder has painted himself as the ‘'shareholders’ friend'’ after thrusting a further $1.1 billion in special dividends into investors’ pockets, while also vowing he won't pay silly prices for a bolt-on acquisition with the piles of cash still sitting on the conglomerate’s balance sheet.
The poor financial health of News Corp Australia's newspapers has been exposed by the release of confidential documents showing continuing losses at its flagship publication The Australian, diving profits for its tabloids, and swingeing job cuts.
BHP Billiton’s plan to spin out a group of non-core assets is far from a fait accompli, with a top 10ten shareholder refusing to guarantee his support and legal experts warning that demerger relief from the Tax Office was far from assured.