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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Court gives green light to $15 billion TPG-Vodafone merger

Court gives green light to $15 billion TPG-Vodafone merger

Australia's competition watchdog laments the loss of a "once-in-a-generation opportunity" for mobile consumers, but the Federal Court sees TPG rolling out its own network as a lost cause and is in favour of establishing a viable contender through a merger to take on Telstra and Optus, even if it leads to greater market conc...

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AMP reset not enough to stem losses

AMP reset not enough to stem losses

No matter how hard it has tried to change its business and culture, financial giant AMP (ASX: AMP) has not been enough to stop the company from posting a $2.5 billion net loss for FY19. Now well and truly post-Royal Commission AMP has struggled to regain customer and shareholder support over the year as it continues to deal with the fallo...

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Goodman upgrades forecast on solid first half

Goodman upgrades forecast on solid first half

Industrial logistics company Goodman Group (ASX: GMG) is positive about the future after posting a $810.6 million statutory profit in 1H20. The company has upgraded its forecast FY20 EPS growth by 11 per cent to 57.3 cents per security, after reporting $530.4 million in operating profit for the first half of FY20. The company says its...

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Creso develops hemp product for horses

Creso develops hemp product for horses

From soup to oils, supplements and powders, hemp is a seriously versatile product and consumers are hungry for its beneficial properties. But for Australian cannabis companies the plant presents a wealth of opportunity to generate cash considering it is less regulated than its medicinal CBD counterpart. Creso Pharma (ASX: CPH) hopes t...

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Double-digit online growth the icing on the cake at JB Hi-Fi

Double-digit online growth the icing on the cake at JB Hi-Fi

Online sales continue to contribute double-digit growth across the retailer's divisions in Australia and New Zealand.  A strong first half has meant profits could be as much as 8 per cent higher for the full year at electronics and home appliances retailer JB Hi-Fi (ASX: JBH), with sales forecasts lifted by $80 million. ...

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