Sales of new homes fell sharply in June to the lowest since 2013, though conditions were markedly different across states, an industry survey showed on Monday. The Housing Industry Association (HIA) said its survey of large-volume builders showed new home sales fell a seasonally adjusted 6.9 percent in June, from May, reversing two months of […]
Shares in Slater & Gordon have been placed in a trading halt ahead of an update on the troubled law firm’s class action and a restructure proposal. The company’s aggrieved shareholders are chasing compensation for the almost wholesale evaporation of the law firm’s value following its ill-judged $1.3 billion acquisition of British professional services firm […]
No hint of hikes as RBA remains on hold The Reserve Bank remains firmly perched on the fence, leaving the official cash rate unchanged at a record low for an eleventh straight month. The central bank kept the official interest rate at 1.5 per cent, as Governor Philip Lowe pointed to mixed labour market conditions […]
Murdoch, Gordon signal move on Ten Ten Network’s billionaire shareholders Lachlan Murdoch and Bruce Gordon have signalled their intention to take over the besieged network, seeking a review of a joint bid from the competition regulator. Mr Murdoch and Mr Gordon, through their respective investment vehicles Illyria and Birketu, have sought an informal review of […]
