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Australia's Macquarie Group Ltd on Friday posted a 38.6% fall in its first-half profit due to weaker operational performance in the asset management division, and also approved a share buyback of up...
(Reuters) -Australia's Domino's Pizza Enterprises on Wednesday said it expects earnings in fiscal 2024 to be significantly higher than 2023 as it continues to cut costs. Domino's has exited its Danish operations and closed underperforming stores over the year, as it eyes A$50 million to A$60 million of network savings over fiscal 2024. Brokerages have expressed their support for Domino's strategies over the past few months, with analysts at Citi viewing the initiatives as an effort to improve "same-store-sales growth and franchisee profitability."
-Pilots at Network Aviation, the charter subsidiary of Qantas Airways, will back down from a planned strike this week, the Australian Federation of Pilots said on Tuesday.... -October 31, 2023 at 01:54 am EDT - MarketScreener
-Global miner BHP Group said on Tuesday it would invest $4.9 billion in stage two of its Jansen potash project in Canada to double its capacity, following a $5.7 billion capital investment for stage... -October 31, 2023 at 04:23 am EDT - MarketScreener
Australian retailers are ramping up their tech security initiatives, including placing cameras at self-checkouts and body-worn cameras on staff, to combat a surge in stock theft and customer aggression aggravated by the cost of living crisis. Top supermarket chains like Woolworths and Coles have flagged a pickup in store theft and hostile behaviour, in line with global trends, as higher fuel, housing and grocery costs squeeze shopper budgets and tempers. Customer-facing staff at Coles and Woolworths, which together make up two-thirds of Australian grocery sales, have started wearing body cam...