CVC’S decision to sell down its stake in the carsales.com website comes as its wholly owned Nine Entertainment Co eyes softening conditions for the remainder of 2010-11 financial year. In December, Nine told fund managers it was on track to strike operating earnings of about $550 million for the current financial year, but now, stripped […]
MORE than 740 call centre staff face redundancy and shares in call centre and direct marketing specialist Salmat have been hit, after the company lost a major contract with Telstra yesterday. Staff in three regional call centres, in Wagga Wagga, Geelong and Bundaberg, face losing their jobs, while workers in an inner-city call centre in […]
Australian manufacturing began to expand in February for the first time since July last year, according to data published today. The Australian Industry Group/PriceWaterhouseCoopers Australian Performance of Manufacturing Index rose 4.4 points in February to 51.1. It was the index’s first move above the 50 level separating expansion from contraction since July 2010. “The welcome […]
Business chief Heather Ridout has thrown her support for the federal government’s flood recovery package announced today, but reiterated the need for transparency and oversight. “Given the extraordinary circumstances, industry can live with the federal government’s flood recovery package, including the levy, but remains concerned about the oversight, transparency and accountability of the program,” said […]
The Australian market has received positive leads from offshore trade overnight, with US markets higher, although oil fell slightly. But the technical problems that hit the ASX late yesterday could be foremost in traders’ minds, with investors waiting on an announcement from the ASX about whether the problems had been fixed. Shortly after the opening […]
