Alex Druce
Telstra halts job cuts, suspends late fees amid virus pain
Telstra has frozen its job-cutting program for six months, suspended late-payment fees and disconnections, and will hire 1000 temporary contractors to help...
Caltex warns of expanding hit to jet fuel shortage
Caltex Australia says a coronavirus-driven spate of flight cancellations could hurt jet fuel demand even more than it already has. The company...
Restructuring, redundancies and brand losses hit Myer
Department giant Myer has reported a 37 per cent drop in first-half profit, weighed down by restructuring cost, redundancies and the exit...
Former premier Mike Baird quits high-level NAB role
Former NSW premier Mike Baird has quit as head of NAB’s consumer bank after three years with the lender. The bank said...
Telstra first-half profit drops 7.6 per cent as NBN headwinds take $360 million toll
Telstra has reported a 7.6 per cent drop in first-half profit to $1.14 billion – in line with guidance and expectations –...
CBA surprises with buoyant half-year results
Commonwealth Bank has beaten market expectations with a $4.48 billion first-half cash profit amid pressure from record low interest rates, natural disaster...
Reserve Bank holds cash rate at record low 0.75%
An upbeat Reserve Bank held the cash rate at a record low 0.75 per cent on Tuesday, while having “surprisingly” little to...
Caltex Australia to revert to Ampol brand
It’s a case of back to the future for Caltex Australia’s service stations as the petrol retailer prepares to revert to the...
VW hit with Australian record $125m fine
German auto giant Volkswagen AG says it is weighing up whether to appeal an Australian record $125 million fine for breaching diesel...
Unemployment rate edges down in November
A surge in part-time work helped the jobless rate tick down to a seasonally adjusted 5.2 per cent in November, but economists...