Coles takes on 7-Eleven with cheap coffee
Store manager Jag Kumar lets customer Madeline Mayes try one of the new range of Guzzle Bomb drinks at the South Yarra Coles Express pilot store. Picture: Stuart McEvoy7-ELEVEN’S $1 coffee is facing a challenger in Coles, which is undercutting the chain as it launches its own revamped convenience store format.Coles Express is piloting the new convenience offering, dubbed “Big Yum at Little Coles”, at three Melbourne service stations in Kew, South Yarra and Windsor.As well as 80c coffee, the full..>> view originalMine company pleads guilty to health and safety failing that resulted in the deaths of two workers
Two workers lost their lives at the Mt. Lyell mine operated by Tasmanian Copper Mines in Queenstown.A COMPANY that owns a mine in Queenstown in which two men died in 2013 has pleaded guilty to a charge of failing to comply with its health and safety duty.Copper Mines of Tasmania entered its plea in the Burnie Magistrates Court this morning.The families of the two miners – Alistair Lucas and Craig Gleeson – were in court to hear the guilty plea.The men died when they fell from a platform inside a..>> view originalANZ eyes mortgage risk weights
Stocks end firmly in the black
Stocks end firmly in the blackThe Australian sharemarket jumped on the first day of trade for the week, winning back more than half of last week’s losses thanks to a lift in sentiment from a strong US jobs report on Friday night.At the closing bell, the benchmark S&P/ASX 200 index lifted 40.4 points, or 0.73 per cent, to 5,537.8, while the broader All Ordinaries index tacked on 40.1 points, or 0.72 per cent, to 5,625.7.The gains were driven by the financial sector, which was aided by a strong le..>> view originalDavid Jones' iconic Sydney Market Street store sold to Westfield owner Scentre Group
The venerable David Jones menswear store in Market Street, which has been in the group since 1938, has been sold for $360 million and will see apartments built on top of a revamped retail centre.The long-anticipated sale comes only three days after the owners of the department chain, the South African Woolworths, revealed it was severing its corporate ties with Sydney by relocating head office operations to Melbourne. David Jones' iconic Market Street store will be sold to the Scentre grou..>> view originalSouthgate's sale will be the year's biggest property transaction. Picture: Jay Town
'Life event' windfalls exempt from superannuation crackdown
Treasurer Scott Morrison has confirmed payments stemming from so-called life events will be exempt from super changes. James Brickwood Treasurer Scott Morrison has confirmed windfalls stemming from so-called life events will be exempt from the proposed $500,000 lifetime cap on non-concessional superannuation contributions.But as he ramped up his case for the change on the basis of fairness, former Liberal treasurer Peter Costello has warned th..>> view originalMacquarie Media chasing revenue growth
Radio station owner Macquarie Media will focus on boosting revenue after delivering a full-year net profit of $13.3 million.The owner of 2UE and 2GB Sydney radio stations released its first full-year results on Monday since its creation in April last year from the merger of Macquarie Radio and Fairfax Radio. The owner of 2UE and 2GB Sydney radio stations released its first full-year results on Monday since its creation in April last year from the merger of Macquarie Radio and Fairfax Radio..>> view originalBanks will find it harder to cut mortgage rates if RBA keeps cutting: Bendigo
Banks will find it increasingly difficult to cut their mortgage interest rates if the Reserve Bank lowers official interest rates further, says Bendigo and Adelaide Bank managing director Mike Hirst.As the regional lender kicked off a round of closely-watched bank profit results, Mr Hirst said lenders had failed to properly explain the situation, but still borrowers needed to recognise the limits on how far mortgage rates could fall. More News Videos Previous slide Next slide ..>> view originalAffordable solar schemes light way to energy for all in Zimbabwe
HARARE (Thomson Reuters Foundation) - Innovative ways to pay for solar power systems could make clean energy affordable for many of Zimbabwe's 1.5 million households that lack electricity, campaigners say. Zimbabwe produces only around 60 percent of the electricity it needs when demand is highest, and relies on costly imports to make up some of the shortage, particularly when drought hits hydropower facilities, as happened this year.That means solar panels and other clean energy sources not c..>> view original
Wednesday, August 10, 2016
Coles takes on 7-Eleven with cheap coffee and other top stories.
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