Nine Entertainment Co, Australia’s biggest media company, defied the pandemic induced advertising slump to post a net profit of $182 million for the December half, an increase of 69 per cent. The bumper financial result came on the same day the Senate passed the government’s Mandatory Media Code of Conduct, which ensures tech giants Google […]

Ampol says it’s “reviewing” the future of its Lytton oil refinery in Brisbane after the division posted a $145 million loss. Australia only has four oil refineries, two have already announced their closure. The federal government has offered financial support to keep the refineries operating. Ampol Chief Executive Matt Halliday has told Brooke Corte the […]

Australians spent roughly $50 million a day at Bunnings in the six months to December 31, sending earnings for the period through past $9 billion. The retail splurge continued at Kmart, Target and Officeworks, helping retail giant Wesfarmers post a 23 per cent jump in net profit to $1.39 billion. Investors will be rewarded with […]

Mining giant BHP will pay shareholders its biggest ever interim dividend of $US1.01 ($1.29) per share on the back of surging iron ore prices and a strong global economic recovery. The Big Australian’s 16 per cent jump in half-year profit was in large part due to China’s extraordinary output of steel, with Iron Ore accounting […]

More than two million people are no longer relying on JobKeeper, as the federal government prepares to end the supplement. New figures show about 1.5 million people are still relying on JobKeeper, but the number of workers dependant on it has dropped 56 per cent. Treasurer Josh Frydenberg told Ben Fordham the “numbers are very […]

The property market is soaring, with the Sydney clearance rate close to 90 per cent. Property Auctioneer Damien Cooley told Ben Fordham they sold 50 out of 57 properties at auction over the weekend. “In a normal market, the clearance rate would sit anywhere between 55 and 65 per cent “A good market would be […]