Westpac profit hit reaches $617m after fresh compensation costs

Westpac profit hit reaches $617m after fresh compensation costs

Westpac’s profits will take a $617 million hit from customer compensation in the first half, after the bank revealed a fresh provision of more than half a billion dollars linked to over-charging by advisers. The bank on Wednesday said its half-year results, to be …
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Late Easter sunshine heats up grocery market

The latest grocery market share figures from Kantar show total year-on-year sales increased by 2.0% during the 12 weeks to 21 April 2019. Bolstered by a record-breaking £2.5 billion spent during the Easter week, this is the fastest rate of growth the overall …
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Accounting filing deadlines: Jun – Jul 2019

The key accounting deadlines from deadline to comment on the FRC's exposure draft on Proposed ISA (UK) 570 (Revised) Going Concern, filing
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Australia's Nine media sells 170 newspapers for $81 million

A major Australian media company announced on Tuesday it has agreed to sell 170 regional and rural newspapers for 115 million Australian dollars ($81 million). Nine Entertainment said it signed an agreement to sell the newspapers to shareholder Antony …
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Oil prices firm as Saudi Arabia says OPEC may extend supply cuts

SINGAPORE (Reuters) – Oil prices on Tuesday reversed earlier losses after Saudi Arabia said a deal between producers to withhold output that has been in place since January could be extended beyond June to cover all of 2019. FILE PHOTO: Oil platforms …
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