METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ian Morrice will step down from the role in 2018.

The company, which owns retail businesses IGA and Foodland and is a wholesaler and distributor, reported its net profit had falle...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018
SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION
SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

CHINESE TECH FIRM LOOKS TO AUSTRALIA FOR 'CUTTING EDGE' IDEAS
CHINESE TECH FIRM LOOKS TO AUSTRALIA FOR 'CUTTING EDGE' IDEAS

CHINESE ed-tech company Retech Technologies (ASX: RTE) has listed on the ASX after raising $17.9 million from its IPO...

COLLINS FOODS GOBBLES UP MORE AUSSIE KFC STORES
COLLINS FOODS GOBBLES UP MORE AUSSIE KFC STORES

COLLINS Foods Limited (ASX: CKF) has purchased 28 KFC restaurants from Yum! Brands Inc for $110.2 million, adding fur...

SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP
SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP

THE Queensland Supreme Court has ordered the Octaviar Group of companies (formerly known as MFS Group) to be wound...

CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS
CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS

MORE than 400 executives confronted the cold last night in the annual Vinnies CEO sleepout, which took place benea...

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM
BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

CABCHARGE GIVEN GREEN LIGHT TO BUY YELLOW CABS IN QUEENSLAND FOR $20M
CABCHARGE GIVEN GREEN LIGHT TO BUY YELLOW CABS IN QUEENSLAND FOR $20M

THE consumer watchdog will not oppose the proposed acquisition of Yellow Cabs in Queensland by taxi payment service C...

BUBS AUSTRALIA BOOSTS CHINESE PRESENCE, SHARES SURGE MORE THAN 13 PER CENT
BUBS AUSTRALIA BOOSTS CHINESE PRESENCE, SHARES SURGE MORE THAN 13 PER CENT

BUBS Australia Limited (ASX: BUB) has expanded its footprint in China after signing a strategic partnership with NetE...

SPOTLESS SHARES HOLD FIRM IN FACE OF ACCELERATED TAKEOVER BID BY DOWNER EDI
SPOTLESS SHARES HOLD FIRM IN FACE OF ACCELERATED TAKEOVER BID BY DOWNER EDI

ENGINEERING and maintenance firm Downer EDI (ASX: DOW) has waived all remaining outstanding defeating conditions to i...

CLASS ACTION TO BE LAUNCHED AGAINST MCMILLAN SHAKESPEARE OVER 'WORTHLESS' VEHICLE WARRANTIES
CLASS ACTION TO BE LAUNCHED AGAINST MCMILLAN SHAKESPEARE OVER 'WORTHLESS' VEHICLE WARRANTIES

AN $80 million class action will be launched against McMillan Shakespeare Group (ASX: MMS) over claims it issued &quo...

RICHARDS LOOKING FOR SCALEUP POTENTIAL IN NEXT SHARK TANK CLASS
RICHARDS LOOKING FOR SCALEUP POTENTIAL IN NEXT SHARK TANK CLASS

DR GLEN Richards (pictured) is circling the waters for his next big investment as season three of Shark Tank goes ...

AFTERPAY CEO ON THE UPS AND DOWNS OF STARTING UP AND WHY YOU NEED TO 'RUN THROUGH WALLS'
AFTERPAY CEO ON THE UPS AND DOWNS OF STARTING UP AND WHY YOU NEED TO 'RUN THROUGH WALLS'

WHILE at University, Nick Molnar was the biggest seller of jewellery on eBay in Australia. No easy feat, considering ...

WATPAC'S SHARES SENT SHARPLY DOWN AFTER NEGATIVE EARNINGS UPDATE
WATPAC'S SHARES SENT SHARPLY DOWN AFTER NEGATIVE EARNINGS UPDATE

BUILDER Watpac (ASX: WTP) has revealed an earnings downgrade which means it will only just break even this year, send...

CHINESE DEMAND DRIVES A2 MILK COMPANY REVENUE UP NEARLY $20 MILLION
CHINESE DEMAND DRIVES A2 MILK COMPANY REVENUE UP NEARLY $20 MILLION

THE a2 Milk Company (ASX: A2M) has upgraded its full year outlook on revenue to approximately $517 million for the 20...

DOWNER RAMPS UP HOSTILE TAKEOVER OF SPOTLESS, TAKING A 30 PER CENT STAKE IN ITS TARGET
DOWNER RAMPS UP HOSTILE TAKEOVER OF SPOTLESS, TAKING A 30 PER CENT STAKE IN ITS TARGET

ENGINEERING and maintenance firm Downer EDI (ASX: DOW) has lifted its interest in takeover target Spotless Group (ASX...

Companies

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018
METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

Property

CASA BRISBANE AIRPORT HEADQUARTERS SOLD FOR $23 MILLION
CASA BRISBANE AIRPORT HEADQUARTERS SOLD FOR $23 MILLION

The Civil Aviation Safety Authority (CASA) national headquarters at the Brisbane Airport has been bought by The Patel...

Opinion

WAGE INCREASE 'DEVASTATING' FOR AUSSIE RETAILERS, SAYS ARA
WAGE INCREASE 'DEVASTATING' FOR AUSSIE RETAILERS, SAYS ARA

THE Australian Retailers Association (ARA) says it is extremely concerned by the national minimum wage increase of 3....

Leadership

CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS
CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS

MORE than 400 executives confronted the cold last night in the annual Vinnies CEO sleepout, which took place benea...

Entrepreneurship

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT
THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

Technology

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT
THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

HOPGOODGANIM INVESTS IN EFFECTIVE GOVERNANCE
HOPGOODGANIM INVESTS IN EFFECTIVE GOVERNANCE

BRISBANE law firm HopgoodGanim has engaged Australia's largest governance advisory practice, Effective Governance...

Finance

CONTROVERSIAL BANK LEVY SHOULD BE APPLIED TO OTHER BIG BUSINESSES, BOURIS SAYS
CONTROVERSIAL BANK LEVY SHOULD BE APPLIED TO OTHER BIG BUSINESSES, BOURIS SAYS

THE BANK LEVY imposed on the so-called 'Big Five' should be extended to include all government-licenced compa...

Marketing

ACCC RAISES CONCERNS OVER APN MERGER WITH oOh!media
ACCC RAISES CONCERNS OVER APN MERGER WITH oOh!media

THE COMPETITION regulator has waved a warning flag at the proposed $1.6 billion merger between Australia's two...

Executive Lifestyle

NEW VEHICLES - A LUXURY TRAP OR NECESSITY?
NEW VEHICLES - A LUXURY TRAP OR NECESSITY?

IT'S OFTEN said that the cars we drive say a lot about us, and we are sometimes unknowingly stereotyped by the...

Conference And Events

CEOS SWAP BOARD ROOM FOR CARDBOARD BOXES IN SUPPORT OF THE HOMELESS
CEOS SWAP BOARD ROOM FOR CARDBOARD BOXES IN SUPPORT OF THE HOMELESS

HUNDREDS of Australian CEO's will be going from the boardroom to a cardboard box next month at the St Vincent ...

Video

NATIONAL STORAGE MD ANDREW CATSOULIS ON HOW TO GROW A FAMILY BUSINESS INTO A LISTED COMPANY
NATIONAL STORAGE MD ANDREW CATSOULIS ON HOW TO GROW A FAMILY BUSINESS INTO A LISTED COMPANY

IN his own words, Andrew Catsoulis describes his business as one that "doesn't cure cancer" or have ...

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