Australia Financial News

Rich Listers and Chemist Warehouse founders Jack Gance and Mario Verrocchi have shared a $365 million dividend from Australia’s no.1 pharmacy chain, despite profit at the privately owned business falling more than 20 per cent.

London | IFM Investors has shrugged off a Europe-wide squeeze on infrastructure projects, winning a Polish tender to build and run a passenger and cargo airport at the centre of a $12 billion regional transport hub.

The opening of a Chinese currency remitter in Sydney’s CBD in the middle of the pandemic sparked a police investigation which has allegedly exposed Australia’s biggest money-laundering ring, with ties to cyber crime, drug running, cryptocurrency and violent crime.

JB Hi-Fi boss Terry Smart says first-quarter sales are trading in line with expectations, trending softer at its Australian electronics stores and sinking 12.2 per cent at white goods retailer The Good Guys.

West Australian producer Pilbara Minerals has shelved plans to pay a special dividend or buy back its own shares after a steep fall in lithium prices last quarter.

Angus Aitken took a short trip from the Aitken Mount Capital Partners offices to Dan Murphy’s high-end Sydney CBD store on Martin Place – and he appears to be unimpressed about what he saw.

Billions of dollars in future investment and tens of thousands of jobs in Western Australia’s critical minerals and wider resources sector are at risk from the Albanese government’s plans to reshape environmental protection laws, industry warns.

Some of Qantas’ largest investors, including the Future Fund, are set to vote against the re-election of Todd Sampson to the airline’s board, raising the prospect that the advertising executive could be forced into an abrupt exit.

(Corrects headline to drop reference to lower profit in fiscal 2023, replaces with warns of a hit)

(Reuters) -Australia's Coles Group (OTC:CLEGF) posted a 3.6% jump in first-quarter sales on Thursday, boosted by higher contribution from its supermarkets section owing to strong food volume growth, as consumers increasingly opted for at-home consumption.

By Jeff Mason

Glenn Maxwell's fastest World Cup century off 40 balls and 104 by David Warner led Australia to a record World Cup 309-run rout of the Netherlands on Wednesday for their third straight victory at the tournament. Maxwell's 106 off 44 balls laced with nine fours and eight sixes fired Australia to 399-8, a total their bowlers defended easily as the Dutch were dismissed for just 90 in 21 overs in New Delhi. Five-time winners Australia bettered their previous margin of World Cup victory — against Afghanistan by 275 runs at Perth in 2015. India holds the ODI record for highest margin of victory when they hammered Sri Lanka by 317 runs in Thiruvananthapuram earlier this year. «I'm really happy, that's just about the complete game.

Under Ninja", audiences delved into the histories of Kuro and Kawado. Concurrently, the episode showcased a clash between Suzuki and the mysterious foreigner. As the whereabouts of the foreigner become known, many ninjas are alerted, hinting at potential appearances in the forthcoming episode, just as Hiba did in the previous one. «Under Ninja» is an anime adaptation brought to life by Tezuka Productions, drawing its storyline from the seinen manga series penned by Kengao Hanazawa.

World Cup history, beating Netherlands by 309 runs at Arun Jaitley Stadium on Wednesday. The Aussie side looked in supreme touch as they torched Nethreland with both bat and ball. The winning margin of 309 runs is the largest ever at a Men's Cricket World Cup and the second largest ever in ODIs.

Billionaire Chris Ellison says governments must do more than offer debt finance to critical minerals projects, while pre-revenue explorers urged the Albanese government to avoid funnelling the $2 billion of new critical minerals funding to established miners who are already “printing money”.

Earlier this year, Tim Goyder became a poster boy for the lithium boom.

Adrian MacKenzie and Srdjan Dangubic at Five V Capital are donning the hard hat to raise $700 million for their fifth buyout fund, two years after they drummed up $500 million-plus for its predecessor.

More than 40 interested buyers have lined up for iconic frozen baked goods and desserts brand Sara Lee, which buckled after it struggled to pass through price increases to its customers from the higher cost of doing business.

The boss of one of Australia’s largest unions has cautioned investment funds against pushing too hard for large manufacturers in hard-to-abate industries to cut emissions faster than offshore rivals.

The Palaszczuk government says it is still committed to the $5 billion CopperString transmission line from Townsville to Mount Isa despite global miner Glencore announcing it would close its copper mines in the region within two years.

Corporate Travel Management is evacuating people from Israel under a contract with the UK government and private sector clients.