Business

Amazon: Tech giant's next big move in Australia

Amazon: Tech giant’s next big move in Australia

Multinational tech company Amazon has announced a major change to its delivery services in an effort to ramp up subscription numbers. The brand has launched free next-day delivery on hundreds of thousands of products for Sydney and Melbourne Prime members, with no minimum delivery spend needed. The move, which was announced on Wednesday, means consumers …

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Former Wallaby Bill Young nabs Bar Broadway in Chippendale for $37m

Former Wallaby Bill Young nabs Bar Broadway in Chippendale for $37m

Alongside the Bar Broadway, Young Hotels owns the Illinois Hotel in Five Dock, the Five Dock Hotel, the Royal Hotel Top Ryde, the Concord Hotel in Concord West and the Mortlake Hotel. The Young family also owns the Wisemans Ferry Inn on the Hawkesbury. “We’re very excited about taking on the challenge of running the …

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MacCap rounds up deal for Gumtree, Carsguide owner GCA Group

MacCap rounds up deal for Gumtree, Carsguide owner GCA Group

Importantly, the bankers said GCA Group expected 15 per cent annual revenue growth and 40 per cent EBITDA growth between 2022 and 2026, on a compound annual growth rate basis. The sharp pickup in revenue and earnings was put down to “resilient trading coming out of COVID with motors revenue acceleration underway.” Combined, the three …

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Housing estate land sales slump as rate rises bite

Housing estate land sales slump as rate rises bite

“Many buyers have been forced to re-assess their borrowing capacity and re-evaluate their buying decisions in light of interest rate rises. At the same time, they’re facing increasing residential construction costs, rising living expenses fueled by inflation and higher home loan repayments,” he said. “This is leading to a subdued market in the coming months, …

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Elon Musk sells $9.9 billion Tesla shares to avoid Twitter fire sale

Elon Musk sells $9.9 billion Tesla shares to avoid Twitter fire sale

The billionaire last month said he was terminating the agreement to buy the social network where he has more than 102 million followers and take it private, claiming Twitter has made “misleading representations” over the number of spam bots on the service. Twitter has since sued to force Musk to consummate the deal, and a …

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A2 Milk's US baby formula entry on ice as FDA delays decision

A2 Milk’s US baby formula entry on ice as FDA delays decision

“However, these issues might be able to be resolved through FDA’s routine infant formula submission process. Given the nature of the infant formula supply challenges and the need to quickly address the shortage the FDA is deferring consideration of these specific requests at this time and prioritising others for review.” A2 Milk’s shares sank as …

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Discover Velocity Gold status with a Virgin Australia status match

How to get Virgin Australia’s Velocity Gold status match [2022]

Velocity Gold could be yours with just one trip… Virgin has its eye on legions of high-flying travellers across 29 different programs including Cathay Pacific’s Marco Polo Club, Malaysia Airlines Enrich and British Airways’ Executive Club, among others. Here’s what you need to know about Virgin Australia’s Velocity Discover Gold status match program. How long …

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A woman appears sad in front of a Starburst lollies packet.

‘Can’t find them anywhere’: Why Starburst lollies have disappeared from Aussie shelves

There’s a reason Australians haven’t been able to spot Starburst on supermarket shelves and it might leave a bitter taste in lolly lovers’ mouths. Key points: Confectionery giant Mars Wrigley has discontinued the Starburst brand in Australia The move means the brand’s iconic chews, snakes and babies will no longer be stocked The news came …

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