Dick Smith boss Nick Abboud departs
Video will begin in5seconds.Dick Smith can survive, says founderEntrepreneur Dick Smith explains why he doesn't own shares in the company that bears his name.PT1M11S620349Only a week ago,when receivers were brought in at ailing electronics retailer Dick Smith, its high-profile chief executive, Nick Abboud, offered to remain with the group to help sift through the debris and sort out whether the corporate carcass could be sold.By Monday nighthe had resigned, having had a change of heart.The bell ..>> view originalConfidence takes a hit from China woes
Whitehaven Coal December quarter coal output up 108pc
Whitehaven Coal in December said it expects to nearly double earnings in the first half.Photo: Louie DouvisWhitehaven Coal's new Maules Creek mine has contributed to a more than doubling in the coal miner's production during the December quarter, as it remains on track to meet increased production guidance for the full year.The miner said it produced 4.9 million tonnes of saleable coal during the December quarter, up from 2.3 million tonnes a year earlier, due to the ramp-up of Maules Creek and ..>> view originalAust ports 'held to ransom' by strike
Aust ports 'held to ransom' by strikeTugboat engineers who have walked off the job over changes to working conditions are being accused of holding Australia's major ports to ransom.Newcastle, Botany Bay, Port Kembla and Geelong ports have been affected by the 12-hour strike by Svitzer employees, which began at 4am on Tuesday, with more strikes planned in other states in the following days.The industrial action has been launched by the engineers after Svitzer, a tug and salvage company, tried to ..>> view originalBeach Energy appoints Matthew Kay as new chief executive
Beach Energy has selected Oil Search's Matthew Kay as its new CEO.Photo: SuppliedBeach Energy's board has underlined the importance of strategic M&A for the future of the company in selecting Oil Search's head of strategy and commercial, Matthew Kay, as the new chief executive.Mr Kay, who was closely involved in Oil Search's defence of the $11.6 billion takeover approach from Woodside Petroleum last year, is set to take up the role by mid-July by which time Beach will have wrapped up its fri..>> view originalWho would you back between ANZ and NAB?
byElio D'AmatoThe Australian banking sector has been in the spotlight in recent months, with regulatory changes, large capital raisings and the sustainability of dividends all in focus.The sector started 2015 well, supported by the banks’ underlying financial strength and market power, although it came off in the second half of the year.In particular, pressure has come to bear on the two business-oriented major banks, ANZ and NAB. While the immediate earnings outlook remains challenging across t..>> view original
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