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. 1 hour, 14 minutes ago

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

Liquidators try to freeze Tinkler's assets

Liquidators have applied to freeze the assets of struggling businessman Nathan Tinkler and those in his wife and family's name. 1 hour, 10 minutes ago

Internet job ads fall 3.6pc in April 38 minutes ago
$A lower on consumer sentiment figures 54 minutes ago
WA SME's top social media poll 1 hour, 14 minutes ago
Myer sales up, but outlook still cautious 1 hour, 16 minutes ago

World

RBS to issue statement on capital position shortly - sources

LONDON (Reuters) - Royal Bank of Scotland will issue a statement on its capital position later on Wednesday morning, sources familiar with the situation told… 41 minutes ago