Banducci couldn’t give senators Woolworths’ return on equity. What does the figure say about profit?

Banducci couldn’t give senators Woolworths’ return on equity. What does the figure say about profit?

During yesterday’s senate inquiry into supermarket pricing, Greens senator Nick McKim threatened to hold outgoing Woolworths chief executive Brad Banducci in contempt...

Vastly bigger than the Black Summer: 84 million hectares of northern Australia burned in 2023

Vastly bigger than the Black Summer: 84 million hectares of northern Australia burned in 2023

It may come as a surprise to hear 2023 was Australia’s bigges...

Crown retains NSW casino licence after regaining trust of regulator

Crown retains NSW casino licence after regaining trust of regulator

Crown Resorts has regained the trust of the NSW regulator which tod...

Housing disaster to "get quite a lot worse before it gets better", says Deloitte Access Economics

Housing disaster to "get quite a lot worse before it gets better", says Deloitte Access Economics

Deloitte Access Economics is forecasting a "more promising&quo...

Advertisement
Audinate shares hit all-time high as Dante software sales soar

Audinate shares hit all-time high as Dante software sales soar

The market capitalisation of audiovisual technology company Audinat...

Ecofibre to sell hemp seed and food business to Elixinol for $3m

Ecofibre to sell hemp seed and food business to Elixinol for $3m

Medicinal cannabis and hemp company Ecofibre (ASX: EOF) is selling ...

CAR Group accelerates earnings as vehicle sales weather economic storm

CAR Group accelerates earnings as vehicle sales weather economic storm

A solid contribution from US-based listing business Trader Interact...

Appen to shut two offices in cost cutting drive as it reels from Google contract fallout

Appen to shut two offices in cost cutting drive as it reels from Google contract fallout

Struggling artificial intelligence (AI) annotator Appen (ASX: APX) ...

Resort developer Li Zhang sentenced to 10 years in jail for tax fraud

Resort developer Li Zhang sentenced to 10 years in jail for tax fraud

A developer who conspired to defraud the Commonwealth of tax income...

QLD Government launches $3m fund to support local screen sector

QLD Government launches $3m fund to support local screen sector

With Queensland's film industry on a high following the global ...

From agritech to workplace safety: Startmate unveils a sizzling Summer ’24 cohort

From agritech to workplace safety: Startmate unveils a sizzling Summer ’24 cohort

From creating synthetic fertilisers that efficiently grow more food...

Booktopia cuts earnings guidance by $10.5m, prompting strategic review

Booktopia cuts earnings guidance by $10.5m, prompting strategic review

While the rise of social media communities like BookTok may have pl...

MedReleaf Australia acquired by Canadian cannabis producer Aurora at $50m valuation

MedReleaf Australia acquired by Canadian cannabis producer Aurora at $50m valuation

One of the nation’s leading medical cannabis product distribu...

Finexia Financial set to go ex-dividend this week
Partner Content
After declaring FY23 as a transformational year for the company, Finexia Financial Grou...

 

Entrepreneurship

The “Uber Eats” of construction logistics: Veyor Digital raises $2.75 million in pre-series A

The “Uber Eats” of construction logistics: Veyor Digital raises $2.75 million in pre-series A

A Sydney-based logistics coordination software company being used by giants like Lendlease (ASX: LLC), Westfield (ASX: SCG) and CBRE (NYSE: CBRE) has raised $2.75 million i...

Don’t understand predictive algorithms? Xplainable bridges the “how and why” gap of machine learning

Don’t understand predictive algorithms? Xplainable bridges the “how and why” gap of machine learning

"There is so much hype around AI. Let's just focus on...

"10x in six months": Brisbane startup Xrecruiter opens Melbourne office

"10x in six months": Brisbane startup Xrecruiter opens Melbourne office

A Brisbane-headquartered startup that helps recruiters strike it ou...

Tech Council urges merger reforms to consider Aussie startup dependence on acquisitions for exits

Tech Council urges merger reforms to consider Aussie startup dependence on acquisitions for exits

Amidst a significant funding gap in later-stage rounds for startups...

MERGERS AND ACQUISITIONS

Retail M&A volume drops 32pc as deals vary from high multiples to the discount bin

Retail M&A volume drops 32pc as deals vary from high multiples to the discount bin

The pharmacy and beauty sector accounted for nearly half the $13.35...

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Only eight months since rescuing non-alcoholic specialty store Sans...

Nicholas Bolton's Keybridge becomes majority owner of Yowie

Nicholas Bolton's Keybridge becomes majority owner of Yowie

Despite a recommendation from the independent directors of confecti...

Advertisement

 

Retail

Retail M&A volume drops 32pc as deals vary from high multiples to the discount bin

Retail M&A volume drops 32pc as deals vary from high multiples to the discount bin

The pharmacy and beauty sector accounted for nearly half the $13.35...

Banducci couldn’t give senators Woolworths’ return on equity. What does the figure say about profit?

Banducci couldn’t give senators Woolworths’ return on equity. What does the figure say about profit?

During yesterday’s senate inquiry into supermarket pricing, G...

Luxury online dropshipper Cettire sees 88pc sales growth, profit fails to keep pace

Luxury online dropshipper Cettire sees 88pc sales growth, profit fails to keep pace

Luxury online retail marketplace and dropshipping company Cettire (...

Loyalty programs may limit competition, and they could be pushing prices up for everyone

Loyalty programs may limit competition, and they could be pushing prices up for everyone

Loyalty programs enable firms to offer significantly lower prices t...

 

Opinion

AI is making smart devices easier to hack. Here’s how to stay safe

AI is making smart devices easier to hack. Here’s how to stay safe

From asking our smart speakers for the weather to receiving persona...

Banducci couldn’t give senators Woolworths’ return on equity. What does the figure say about profit?

Banducci couldn’t give senators Woolworths’ return on equity. What does the figure say about profit?

During yesterday’s senate inquiry into supermarket pricing, G...

China has removed tariffs on Aussie wine, but re-establishing ourselves in the market won't be easy

China has removed tariffs on Aussie wine, but re-establishing ourselves in the market won't be easy

China’s Ministry of Commerce has finally ended its tariffs on...

Top 100 young entrepreneurs



 

 

 

 

 

CAPITAL RAISING & FINANCE

The “Uber Eats” of construction logistics: Veyor Digital raises $2.75 million in pre-series A

The “Uber Eats” of construction logistics: Veyor Digital raises $2.75 million in pre-series A

A Sydney-based logistics coordination software company being used b...

Melbourne renewable technology group RayGen raises $50m as global opportunities beckon

Melbourne renewable technology group RayGen raises $50m as global opportunities beckon

Melbourne-based solar-and-storage technology company RayGen has rai...

DroneShield lifts capital raise to $105m as investors flock to defence tech

DroneShield lifts capital raise to $105m as investors flock to defence tech

Counterdrone defence technology company DroneShield (ASX: DRO) has ...

DroneShield raising $75m as contract pipeline for anti-drone technology grows to $500m

DroneShield raising $75m as contract pipeline for anti-drone technology grows to $500m

Defence solutions group DroneShield (ASX: DRO) is seeking to raise ...

Leadership

Vitura Health founder and Bali bombings hero Rodney Cocks resigns as CEO of cannabis group

Vitura Health founder and Bali bombings hero Rodney Cocks resigns as CEO of cannabis group

Rodney Cocks, the CEO and co-founder of digital health group Vitura...

The Star Gold Coast CEO resigns after just six months in the role

The Star Gold Coast CEO resigns after just six months in the role

The exodus of The Star Entertainment Group's (ASX: SGR) new bre...

Belle Lajoie promoted to co-CEO of Soda Infrastructure

Belle Lajoie promoted to co-CEO of Soda Infrastructure

After 16 years working with serial technology entrepreneur Bevan Sl...

Advertisement

Property

Housing disaster to "get quite a lot worse before it gets better", says Deloitte Access Economics

Housing disaster to "get quite a lot worse before it gets better", says Deloitte Access Economics

Deloitte Access Economics is forecasting a "more promising&quo...

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG Hotels & Resorts has partnered with Sydney-based Felix Capi...

Proptech Archistar teams up with Blackfort to deploy loans, kicks off with Simonds Group

Proptech Archistar teams up with Blackfort to deploy loans, kicks off with Simonds Group

Two Sydney-based companies that use artificial intelligence (AI) to...

Scape partners with APG and Ivanhoe Cambridge for $1b student accommodation joint venture

Scape partners with APG and Ivanhoe Cambridge for $1b student accommodation joint venture

Scape Australia has formed a new partnership with Dutch pension inv...

 

Health

LuminaX Healthtech Accelerator accepts record cohort of founders for 2024

LuminaX Healthtech Accelerator accepts record cohort of founders for 2024

The Gold Coast’s LuminaX HealthTech Accelerator has accepted ...

Zea Relief gets a healthy boost to its retail footprint through Woolworths distribution deal

Zea Relief gets a healthy boost to its retail footprint through Woolworths distribution deal

Zea Relief, a Tasmanian wellness scale-up that has developed a rang...

AI medtech Artrya secures first Australian commercial agreement with The Cardiac Centre NSW

AI medtech Artrya secures first Australian commercial agreement with The Cardiac Centre NSW

Perth-based medtech Artrya (ASX: AYA) has secured the first commerc...

Australia’s biggest chemist is merging with a giant wholesaler. Could we soon be paying more?

Australia’s biggest chemist is merging with a giant wholesaler. Could we soon be paying more?

Corporate Australia loves a big merger. And amid a growing flurry o...

Technology

The “Uber Eats” of construction logistics: Veyor Digital raises $2.75 million in pre-series A

The “Uber Eats” of construction logistics: Veyor Digital raises $2.75 million in pre-series A

A Sydney-based logistics coordination software company being used b...

Melbourne renewable technology group RayGen raises $50m as global opportunities beckon

Melbourne renewable technology group RayGen raises $50m as global opportunities beckon

Melbourne-based solar-and-storage technology company RayGen has rai...

DroneShield lifts capital raise to $105m as investors flock to defence tech

DroneShield lifts capital raise to $105m as investors flock to defence tech

Counterdrone defence technology company DroneShield (ASX: DRO) has ...

Don’t understand predictive algorithms? Xplainable bridges the “how and why” gap of machine learning

Don’t understand predictive algorithms? Xplainable bridges the “how and why” gap of machine learning

"There is so much hype around AI. Let's just focus on...

Legal

‘Heat of the moment’: The Star’s chair regrets inflammatory texts with CEO

‘Heat of the moment’: The Star’s chair regrets inflammatory texts with CEO

The Star Entertainment Group’s (ASX: SGR) executive chairman ...

Crown retains NSW casino licence after regaining trust of regulator

Crown retains NSW casino licence after regaining trust of regulator

Crown Resorts has regained the trust of the NSW regulator which tod...

Eneco Refresh co-founder Henry Heng sentenced for market manipulation

Eneco Refresh co-founder Henry Heng sentenced for market manipulation

The co-founder and former managing director of listed bottled ...

Advertisement

Partner Content

Meet the businesses behind the Gold Coast’s thriving post-pandemic economy
Partner Content
The Gold Coast is leading the post-pandemic economic recovery in Queensland and is set ...
City of Gold Coast
How effective is your board? Building leadership teams fit for the future
Partner Content
"We need to have those conversations now at the boardroom, and get used to feeling...
OnBoard, by Passageways
Here’s how to keep staff with the help of automation software and a healthy focus
Partner Content
It is not often that software technology and health are mentioned in the same breath, y...
SAP Concur
Whispir communications tech helps Randstad Australia bolster recruitment success
Partner Content
As creatures of habit, most professionals tend to take a circumspect approach when offe...
Whispir