Business

Wednesday, May 22nd, 2013

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Rinehart still the richest

WA mining magnate still tops BRW's rich list despite losing $7b from her net worth in past year.

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Tinkler's funds in focus

Nathan Tinkler's assets could be frozen after liquidators applied for a court injunction.

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Myer lifts sales slightly

Myer's quarterly sales grow 0.5pc on pcp, but retailer remains cautious going forward.

Consumer sentiment turns bearish

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GSK to axe 120 jobs

Pharmaceutical giant to axe 120 jobs as it closes tablet packaging business in Melbourne.

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Spud shake-up afoot

Growers to fund research and marketing campaign to add value to the humble potato.

Dairy farmers bearish

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King guilty over loan

Bankrupt property dealer Michael King was convicted of fraud yesterday.

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Coalition flags ATO shake-up

Joe Hockey says tax office may be split in bid to make the tax system fairer. 01:05 pm

Iluka higher on upbeat AGM talk

MD David Robb gives shareholders an upbeat address at mineral sands miner's AGM. 12:06 pm

Wyllie sells down Amcom holding

Wyllie Group nets $16.1m from sale of half its holding in Perth fibre company. 11:16 am

Related:: Seven West falls on KKR exit

iiNet sells TransACT stake for $9m

Perth-based ISP sells fibre-to-the-premises business in the ACT to NBN Co. 01:44 pm

Market closes in negative territory

ASX remains on the back foot with major banks extending their correction. 02:12 pm

WA Business

WA SME's top social media poll

Small and medium-sized enterprises (SMEs) in WA have topped the nation for their use of social media, according to a study. May 22, 2013, 2:59 pm

iiNet sells TransACT stake for $9m May 22, 2013, 1:44 pm
Rinehart still tops rich list despite $7b loss May 22, 2013, 1:11 pm
Iluka higher on upbeat AGM talk May 22, 2013, 12:06 pm
Manji hotelier hits back at critics May 22, 2013, 11:52 am

National

Myer boss fan of falling Aussie dollar

Myer boss Bernie Brookes says falling Australian dollar has more benefits than downsides for his business. 20 minutes ago

Rinehart loses $7 bn but still Australia's richest 1 hour, 37 minutes ago
Internet job ads fall 3.6pc in April May 22, 2013, 3:35 pm
$A lower on consumer sentiment figures May 22, 2013, 3:19 pm
Liquidators try to freeze Tinkler's assets May 22, 2013, 3:03 pm

World

IMF urges Britain to do more to boost growth

By William Schomberg and David Milliken LONDON (Reuters) - The International Monetary Fund called on Britain's government on Wednesday to… 12 minutes ago

EU leaders shine spotlight on Amazon, Google over tax policy 34 minutes ago
Lowe's quarterly profit misses estimates 41 minutes ago
Profit growth moderates for China state firms in Jan-April 59 minutes ago
British retail sales slide in April 1 hour, 0 minutes ago

Technology

EU leaders shine spotlight on Amazon, Google over tax policy

By Luke Baker BRUSSELS (Reuters) - European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon,… 35 minutes ago