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Tag: Australia news

Several people injured in Parramatta Westfield Christmas giveaway crowd crush | Australia news

Five people were taken to hospital overnight after a pre-Christmas balloon drop at a Sydney shopping centre went awry. Police say a number of people were knocked over and injured when the crowd surged as the prize-filled balloons dropped from the ceiling during Westfield Parramatta’s “mega balloon drop” at midnight. “They were at that location …

Several people injured in Parramatta Westfield Christmas giveaway crowd crush | Australia newsRead More

Coles to pay milk supplier $5.25m after allegedly failing to pass on full price increase | Business

Supermarket giant Coles has agreed to pay an extra $5.25m to one of its milk suppliers to settle a stoush with the consumer watchdog over whether it was passing all of a 10c a litre price increase on to dairy farmers. The Australian Competition and Consumer Commission began investigating Coles following a promotional campaign in …

Coles to pay milk supplier $5.25m after allegedly failing to pass on full price increase | BusinessRead More

Woolworths underpaid thousands of workers by up to $300m | Business

The supermarket giant Woolworths is to be investigated by the Fair Work Ombudsman in what is believed to be Australia’s biggest wage underpayment case after admitting it owes staff as much as $300m. Woolworths on Wednesday told the stock exchange it had so far identified 5,700 current staff it had underpaid for as much as …

Woolworths underpaid thousands of workers by up to $300m | BusinessRead More

Landmark class-action judgment finds Myer misled over profit forecast | Business

Shareholders have won the first class action lawsuit to go all the way to judgment in Australia – but are unlikely to see a cent from defendant Myer because the stock market didn’t believe inflated profit forecasts made by the retailer’s chief executive, a judge has found. The landmark judgment, handed down on Thursday by …

Landmark class-action judgment finds Myer misled over profit forecast | BusinessRead More

Softcore pornography magazines the Picture and People to close amid sale ban and falling circulation | Media

Australian men’s magazine the Picture and the 69-year-old People magazine will close at the end of the year, ending decades of printed weeklies featuring topless models and readers’ sex stories. Their publisher, Bauer Media, was forced to axe the magazines after retailers lined up to ban them from sale at service stations; and readership fell …

Softcore pornography magazines the Picture and People to close amid sale ban and falling circulation | MediaRead More

Woolworths trialling 20c paper bags following ban on free plastic bags | Business

Woolworths has begun a trial of paper bags in select stores, a move environment groups say is preferable to the use of plastic though the focus should remain on reusable bags. The paper bags cost 20c each and are currently available in 20 stores around the country, and will be offered in addition to the …

Woolworths trialling 20c paper bags following ban on free plastic bags | BusinessRead More

Bankers miss out on $35m payday as Latitude Financial’s $3.2bn IPO collapses | Australia news

One of the year’s most-hyped share market floats, the $3.2bn Latitude Financial IPO, has failed after superannuation funds led by the nation’s biggest, Australian Super, decided not to purchase shares in the company. Latitude, a lender which is part-owned by private equity group KKR and helmed by controversial businessman Ahmed Fahour, decided to yank the …

Bankers miss out on $35m payday as Latitude Financial’s $3.2bn IPO collapses | Australia newsRead More