Former NSW premier Mike Baird to leave NAB

Former NSW premier Mike Baird to leave NAB

The leadership shake-up continues at National Australia Bank (ASX: NAB) after chief customer officer for consumer banking Mike Baird (pictured) chose to leave after just over three years on the job. His departure will be effective 15 April, following a "rewarding" three years at NAB through one of the banking sector's m...

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Holy Crap! Online toilet paper retailer cleared out by panic buyers

Holy Crap! Online toilet paper retailer cleared out by panic buyers

Panic buyers have swept through our local shopping centres, scooping up as much toilet paper as they can as mass coronavirus hysteria takes hold of Australia. The paranoid response seemingly knows no boundaries, with even online ethical toilet paper manufacturer Who Gives A Crap (WGAC) running out of stock. According to a statement po...

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Creso Pharma takes its cannabis products to the Scandinavian market

Creso Pharma takes its cannabis products to the Scandinavian market

The following article is sponsored content in partnership with Finfeed. Business News Australia does not give financial advice. Cannabis has a place in global economies, but it seems the companies that will survive will be the ones who have a solid product offering that benefits consumers and therefore has a positive impact for investors....

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AAP Newswire to close in June

AAP Newswire to close in June

News and content distributor AAP Newswire will close in June after 85 years of operation, citing the rise of free online content as the company's death knell. CEO Brice Davidson said the business was no longer viable in the face of increasing free online content, leading to the closure of Newswire and AAP's Pagemasters editorial p...

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Spotlight Group to rescue Harris Scarfe from total closure

Spotlight Group to rescue Harris Scarfe from total closure

Legacy department store Harris Scarfe will be saved from complete collapse by retail giant Spotlight Group, potentially securing the ongoing employment for more than 1,000 employees. The receivers of Harris Scarfe have granted exclusivity to Spotlight Group to acquire the business after the department store fell into administration in Dec...

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Woolworths Group ups employee repayments to $315m

Woolworths Group ups employee repayments to $315m

Woolworths Group (ASX: WOW) has increased the amount of money owed to more than 5,700 employees from $300 million to $315 million. The revelation was announced this morning by WOW after the group concluded an in-house investigation that was expanded to include all Group businesses covered by the General Retail and Industry Award (GIRA). ...

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Virgin Australia reduces flight network as losses flow

Virgin Australia reduces flight network as losses flow

Virgin Australia (ASX: VAH) has made the decision to slash its overall network capacity in the second half as losses take their toll on the group's bottom line. The three per cent reduction to its flight network is primarily in response to the impact coronavirus Covid-19 has had on the travel sector, with loss-making routes the first ...

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Bubs shrugs off coronavirus impact

Bubs shrugs off coronavirus impact

While Australia's tourism and retail markets are suffering from the impact of coronavirus Covid-19 a leading exporter of infant milk formula is thriving. Goat milk formula producer Bubs (ASX: BUB) says business has hardly been impacted as a result of Covid-19, with distribution problems being the main issue faced by the company at thi...

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Michael Hill shines online

Michael Hill shines online

A boost in e-commerce sales has contributed to some polished results for jewellery retailer Michael Hill (ASX: MHJ) in 1H20. Defying general Australian retail trends, the omnichannel player posted a 19.6 per cent increase to its NPAT, reaching $21.4 million during the half. The group succeeded online as e-commerce sales grew by a gene...

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Jeanswest sold to former parent

Jeanswest sold to former parent

A buyer has been found for fashion retailer Jeanswest to save the chain from total collapse. Harbour Guidance, the Australian subsidiary of Hong Kong-based company Harbour Guide, will acquire Jeanswest for an undisclosed sum. Harbour Guide is owned by Mr Chun Fan Yeung who is a minority shareholder Jeanswest's previous parent Hows...

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BAF shows signs of recovery post-Blue Sky uncoupling

BAF shows signs of recovery post-Blue Sky uncoupling

Distance makes the heart grow fonder, or so the saying goes. But for Blue Sky Alternatives Access Fund (ASX: BAF) its breakup with parent Blue Sky Alternative Investments (ASX: BLA) has been the right move. The investment vehicle has demonstrated it is capable of revival in its 1H20 results posted today. BAF posted revenue growth of 2...

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Helloworld waves goodbye to growth as coronavirus takes hold

Helloworld waves goodbye to growth as coronavirus takes hold

Coronavirus Covid-19's latest tourism industry victim is ASX-listed Helloworld (ASX: HLO), with the company announcing it expects minimal if any growth in the second half. The travel distribution group says its retail leisure, wholesale leisure and corporate business will be impacted by the virus which has forced airlines to bin fligh...

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How Johnathan Thurston shrunk his power bill by going solar, and how you can too

How Johnathan Thurston shrunk his power bill by going solar, and how you can too

What's your least favourite part of your electricity bill? As we suffer through a very hot summer, it's likely the cost. Powering those air-conditioning systems certainly isn't cheap, but as clean energy solutions become more accessible there are now plenty of ways to slash your bill. NRL legend Johnathan Thurston lear...

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Melbourne's Top Companies revealed

Melbourne's Top Companies revealed

High-profile exits have cleared the path for a host of new players in this year's Melbourne Top Companies list, especially when it comes to high-growth health businesses.

Unsurprisingly, one the biggest risers was Afterpay as investors took the attitude of 'buy now, sell later' towards its shares; the founder-led fintech over...

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Melbourne Top Companies 11-20

Melbourne Top Companies 11-20

By the time you reach the Melbourne Top 20 ASX-listed companies, any movement in position becomes a matter of billions of dollars lost or gained in market capitalisation. This means that for the most part reshuffles are incremental. Orica blasted its way into 18th spot from its 21st rank in the last edition and job finder juggernaut Seek ...

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Melbourne Top Companies 21-30

Melbourne Top Companies 21-30

Melbourne's top companies are a diverse bunch, and that's certainly the case with this cluster slap bang in the middle of the Top 50. Steel producers, bathroom fittings distributors, fertiliser manufacturers and retailers make up the rich tapestry that is Melbourne's high-flying business culture. But they're certainly ...

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Melbourne Top Companies 31-40

Melbourne Top Companies 31-40

As we head toward the tail end of the list, you'll likely see some familiar names. The majority of these groups have fallen a few spots from last year but make no mistake; they're still forces to be reckoned with. While their market caps might be lower than others, many are generating billions of dollars in revenue from intern...

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Melbourne Top Companies 41-50

Melbourne Top Companies 41-50

While there are very few new faces towards the top of this list where established incumbents reign supreme, the final section of this feature highlights the up-and-comers. If current growth rates continue at least a few of the five new companies below will be Melbourne Top Companies list mainstays for years to come. With the exception...

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Jan Cameron charged over Bellamy's shareholding

Jan Cameron charged over Bellamy's shareholding

The founder of Kathmandu and former director of infant milk formula company Bellamy's (ASX: BAL) has been charged by the corporate watchdog for allegedly failing to disclose her substantial interest in the company. Jan Cameron (pictured), 67, who was a director of Bellamy's from 2007 to 2011, will appear before the Hobart Magistra...

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Brand transformation pays off for Baby Bunting

Brand transformation pays off for Baby Bunting

A brand refresh has worked in favour of baby goods retailer Baby Bunting (ASX: BBN) with sales and profit both growing during the first half. The company reported a net profit after tax (NPAT) of $7.5 million, up 30.6 per cent. Sales were rose 8.1 per cent to $186.4 million on the back of store network growth and a brand transformatio...

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