Dairy industry agrees to code of conduct
Australian Associated PressMilk processors have agreed to develop a code of conduct with dairy farmers aimed at preventing controversial farmgate price cuts.Farmers were hit hard after Australia's largest dairy producer Murray Goulburn made a sudden and retrospective cut to milk prices in April, and other producers have since lowered their prices for the current financial year.Peak dairy groups say all industry stakeholders, including Murray Goulburn, have agreed to draft a voluntary code of con..>> view originalDid the parliamentary hearings into the big four banks do their job?
In the bowels of Parliament House, the Commonwealth Bank's chief Executive Officer Ian Narev strode confidently into the main committee room and took his seat.Just beyond him, cameras clicked and flashed. Beyond the cameras, members of parliament took their own seats, ready for a showdown. More Business Videos Previous slide Next slide Fab four's greatest hits All eyes on Chinese inflation and currency Ex-Ford workers to become 'pastors, scuba instru..>> view originalDick Smith boss explains 12 years of batteries
Former Dick Smith CEO Nick Abboud.DICK Smith’s former chief executive has rejected suggestions the company was buying too much stock in the lead-up to its collapse, describing an inventory build-up as “like buying Easter eggs in January”.Giving evidence in the NSW Supreme Court on Friday on the final day of public hearings brought by receivers Ferrier Hodgson, Nick Abboud responded to allegations that by October 2015 the company was holding nearly 12 years worth of supply in private label batter..>> view originalWine aficionado seeks $2.8 million from Fiat Chrysler Australia
Halfway along the secluded mountain drive of Buckland Valley Road in Victoria's Alpine region is the exclusive Villa Gusto.Replete with a recently-built swimming pool, a swanky restaurant and a convoy of flash Jeep Cherokees in the driveway, the resort has been locked away for the sole use of Fiat Chrysler Australia's marketing operations since 2013. Villa Gusto owner Ben Edwards is one of Australia's top sommerliers. Photo: Melissa Adams But the party stopped for Villa Gusto owner an..>> view originalRate cuts fail to spark retail spending
Australian Associated PressTwo interest rate cuts are yet to trigger a boom in retail spending, MasterCard says.The MasterCard Spending Pulse Report shows retail sales rose 3.2 per cent in the year to August, compared to growth of 3.6 per cent in the year to July.Senior vice president of market insights Sarah Quinlan said not all retail subsectors have benefited and there's still scant evidence the Reserve Bank's two rate cuts in 2016 have influenced consumers."The rate cuts have not had a treme..>> view originalMasters' sale is not going well
Shoppers taking advantage of huge sales at Masters1:00Shoppers race in to take advantage of huge sales at Masters Masters Home Improvement is expected to shut its doors in December. Picture: Toby ZernaWHEN will Masters get it right?First the failed hardware chain announced it’s closure due to Woolworth’s failed experiment and now it’s struggling to even get rid of its leftover stock.It’s also copping criticism for the way the business is handling its customers.Fairfax Media revealed Masters was..>> view originalHolden closure: Not all doom and gloom in Elizabeth as workers look for new jobs
Holden closure: Not all doom and gloom in Elizabeth as workers look for new jobs Posted October 07, 2016 21:38:58 "A very pleasant place to live in has been established. I believe that the people of Elizabeth are very happy people indeed."Those were the words used by then South Australian premier Sir Tom Playford in a 1960 promotional film extolling the virtues of the 'new planned city of Elizabeth'.More than 50 years later that happiness has been dampened by the plan..>> view originalVisionstream wins 4yr Chorus NZ deal
Visionstream will move into new geographies with Chorus New Zealand for the delivery of customer connection works to the ultra-fast broadband.The new agreement is expected to generate revenues of around NZ$390 million (A$368 million) and is made up of an existing contract of around $190 million and expected new work of around $200 million, subject to actual volumes and work types.The new four year contract, with an option to extend for a further four years, will see Visionstream expand its opera..>> view originalBanks nil, Canberra nil, but change is coming anyway
Brian Hartzer, CEO of Westpac, was the strongest performer among the big bank CEOs. Andrew Meares After 12 hours of hearings in Canberra this week, no member of the House of Representatives Standing Committee on Economics landed a blow on any of the banks big enough to suggest a Royal Commission was justified.But that's not to say the parliamentary inquisition will be without impact.The latest thinking of the chief executives of Commonwealth B..>> view originalThe truth about interest rates and bank funding costs
So you've heard the big four banks' explanations for why they couldn't pass on to mortgage holders all of the Reserve Bank's cuts to the cash rate.Do you believe them? More Business Videos Previous slide Next slide Glenn Stevens: The future of property All eyes on Chinese inflation and currency Ex-Ford workers to become 'pastors, scuba instructors' Google won't bid on Twitter: reports Jetstar mid-air punch up Fab four's..>> view original
Sunday, October 23, 2016
Dairy industry agrees to code of conduct and other top stories.
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