Caltex banks on retail reincarnation in a driverless future
When the chief executive of a fuel retailer starts talking up driverless cars, you know the world is changing.Caltex Australia boss Julian Segal has a vision where customers can book an autonomous vehicle via a smartphone app and have it pick them up and drop them off at one of his company's hundreds of retail convenience stores.This is surprising, given driverless cars are more fuel-efficient and will eventually result in fewer people owning their own vehicle. However, Caltex already owns a 2..>> view originalScentre Group upbeat about retail trading in its Westfield malls
"We still have retail sales growth even in a deflationary environment," said Scentre chief executive Peter Allen. Chris Hopkins The $27 billion Scentre Group, the owner and manager of Westfield shopping centres, is upbeat about retail trading in its malls."We still have retail sales growth even in a deflationary environment," said Scentre chief executive Peter Allen. He was pointing to 2.5 per cent specialty sales growth in the past six months..>> view originalVocus Communications and M2 merger delivers profit hike
Oil Search first-half profit tumbles 89pc
Oil Search first-half profit tumbles 89pc, dividends slashed Updated August 23, 2016 14:19:10 PNG-focussed gas and oil producer Oil Search has seen its first-half profit crushed by falling oil prices, tumbling almost 90 per cent.Oil Search reported a profit of just $US25.6 million ($34 million) in the six months to June 30, down from $US227.5 million ($300 million) in the same period last year.This was despite a 4 per cent lift in production to 14.9 million barrels of o..>> view originalFortescue scores debt rating upgrade
ACCC 'vindicates' Utah Point concerns
ACCC ‘vindicates’ Utah Point concernsThe Australian Competition and Consumer Commission has flagged its concerns about the Western Australian government’s potential sale of the Utah Point export berth, with the watchdog calling for regulation of fees at the port under any future sale.In a letter from ACCC chairman Rod Sims to the Parliamentary Committee studying the proposed sale of Utah Point – which is used by smaller miners in the Pilbara – the competition tsar stressed that pricing should be..>> view originalVirtus delivers big, beautiful profit
Marty SilkAustralian Associated PressMore women trying to get pregnant later in life have helped Virtus Health lift its full-year profit by 11.8 per cent.The fertility services provider said its net profit of $32.9 million was underpinned by solid growth in treatment cycles and implantations of fertilised eggs.Virtus's Australian, Irish and Singaporean operations completed 18,719 cycles in the 12 months to June, a rise of 9.6 per cent over the previous year.Chief executive Sue Channon said deman..>> view originalUber to be legalised in Victoria; passengers to be hit with $2 per trip levy
Uber to be legalised in Victoria; taxi, ride-booking services to be hit with $2 per trip levy Updated August 23, 2016 16:02:16 Victoria's Government has announced plans to legalise Uber, which will also see taxi and ride-booking services hit with a $2 per trip levy.The Government will establish a single registration system for taxis, hire cars and ride-share services.Premier Daniel Andrews said the State Government would do away with taxi licences and provide $378 milli..>> view originalGet real on tax reform before the future bites, says KPMG
Technological upheavals are expected to force dramatic changes in the tax mix. The rise of the so-called gig economy, robotic tax assessors, international competition for services and other technological upheavals will almost certainly force dramatic changes in the nation's tax mix, whether politicians like it not, says KPMG.In a report that warns governments risk being overwhelmed by changes over the next decade, KPMG says reduced personal tax and cor..>> view original
Friday, August 26, 2016
Caltex banks on retail reincarnation in a driverless future and other top stories.
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