Australian Ethical flags 86pc lift in annual profit
Australian Ethical MD Phillip Vernon says the firm's rapid growth is a "success story for the purpose economy" as he flagged an 86 per cent lift in full-year net profit. Christopher Pearce The feel-good factor, savvy digital marketing and strong investment returns have made Australian Ethical one of the fastest-growing superannuation managers in the country. Shares in the $75 million ASX-listed specialist wealth management firm jumped 5.4 per..>> view originalJB Hi-Fi addresses acquisition of The Good Guys
Video will begin in 5 seconds. JB Hi-Fi addresses acquisition of The Good Guys JB Hi-Fi Limited (ASX:JBH) addresses speculation about its intention to acquire competitor, The Good Guys. PT0M33S 620 349 Billionaire retailer Gerry Harvey could join the race to buy The Good Guys, but he wants the blessing of competition tsar Rod Sims before joining JB Hi-Fi in any contest for the chain.Mr Harvey said he had assumed it would be "impossible" for Harvey Norman to buy The Good Guys, ..>> view originalGreat Barrier Reef could be beyond repair within five years, scientists say
Great Barrier Reef could be beyond repair within five years, scientists say Updated May 19, 2016 16:44:32 The fate of the Great Barrier Reef will be sealed in the next five years, according to scientists who say if the Government wants to save the reef it is "now or never". Key points:Scientists say Government must commit $10 billion over the next decadeHuge amount of work in next five years needed to save the reefPoor water quality a major threatGovernment investing $..>> view originalJohn Hartman cross-examined in Oliver Curtis insider trading trial
Stockbroker Oliver Curtis (left) arrives with his wife Roxy Jacenko at the Supreme Court in Sydney on Thursday. DAVID MOIR Convicted insider trader John Hartman and his UBS banker brother Edward Hartman planned to rig a horse race using an innocent friend's name in exchange for a few lap dances, a court heard.In return for lighter sentencing, Mr John Hartman testified against his best friend Oliver Curtis, who has pleaded not guilty to one coun..>> view originalEgyptAir carrying 59 passengers missing after departing Paris - The West Australian
Geoffrey Thomas and agencies - The West Australian on May 19, 2016, 12:30 pm Video Fears EgyptAir plane was ‘target of terrorism’ An EgyptAir flight from Paris to Cairo with 66 passengers and crew on board crashed in the Mediterranean Sea off the Greek island of Crete early Thursday morning, Egyptian and Greek officials said.Egyptian Prime Minister Sherif Ismail said it was too early to say whether a technical problem or a terror attack caused the plane to crash. “We canno..>> view originalSouth Morang line extension not another example of sky rail, Government says
South Morang line extension not another example of sky rail, Government says Updated May 19, 2016 18:49:11 Elevated rail will be built along part of the $588 million extension of the South Morang line to Mernda in Melbourne's outer-north.Three rail bridges up to 6 metres high will be built along the 8 kilometre extension, including an 800-metre span over the Mernda town centre.But the Andrews Government insists it is not another example of sky rail.The line is due to op..>> view originalCollins Food cracks deal for more KFC outlets
RBA will be forced to cut interest rate to 1 per cent or lower, Macquarie says
Phil Lowe's tenure at the RBA, where he becomes governor in September, could be marked by a cash rate of 1 per cent or lower. Photo: Tamara Voninski The official cash rate is likely to fall to 1 per cent or lower as a lack of fiscal policy from the government places the onus on lifting demand on a weaker currency and the RBA, Macquarie says. In a bearish note, the investment bank's head of economic research James McIntyre says that without government policy s..>> view originalA US Interest Rate Rise in June? Not So Fast - Daily Reckoning
After keeping interest rates on hold at its April meeting, and giving the impression that a rate rise was off the table for now, the Fed has released minutes from that meeting, which suggest that a rate rise in June is a possibility! The Fed has no ...>> view original
Thursday, May 19, 2016
Australian Ethical flags 86pc lift in annual profit and other top stories.
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