business

National Australia Bank delivers $1.8 billion in cash profit in the third quarter

Citigroup analyst Brendan Sproules said the result was disappointing given NAB’s rally since June, but the impact of the Reserve Bank of Australia raising interest rates would be better reflected in the remaining months of 2022. “Overall, we expect the market will be disappointed with this profit update after a strong share price rally from …

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Suncorp says profit fell 23%, warns of higher premiums for homeowners

Insurance giant Suncorp New Zealand’s after-tax profits slipped 23% to $165 million in its most recent financial year, despite a huge increase in premiums paid by Kiwi home, car and business owners. The insurer’s profit drop for the 12 months to the end of June was the result of high inflation, and multiple extreme weather …

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Reserve Bank to trial digital currency in ‘limited-scale pilot’ scheme

The Reserve Bank of Australia will trial its own digital currency as part of a research project to evaluate the future of Central Bank Digital Currencies (CBDC) in Australia. Key points: The RBA will launch a pilot central bank digital currency (CBDC) as part of a research project The CBDC will be a real claim …

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South Australians inch closer to the EV road trip as charging network improves

For regional motorists in South Australia, options are few and far between when it comes to the rapid charging of electric vehicles (EVs). Key points: Initial SA EV charging network will have gaps no longer than 200kms 100 of 140 sites have been assessed so far by the RAA Construction aims to be completed by …

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Qantas Honolulu Lounge destined for refurbishment?

Executive Traveler exclusive The great Qantas Lounge Cull appears to be over, with the airline promising its Honolulu lounge – often considered the worst in the network – won’t meet the same fate as its siblings at Tokyo Narita gold Hong Kong. However, the airline declined to comment on reports that the well-worn Honolulu International …

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Why Atlassian is now one of the world’s most expensive tech stocks

It reaches the $US763.7 million free cashflow figure by taking net cash provided by operating activities of $US883.5 million and subtracting capital expenditure on property and equipment of $US70.6 million, alongside payments of lease obligations of $US49.1 million. As an unofficial accounting method, Atlassian’s free cashflow also excludes other relatively minor expenses booked through its …

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Tourists Warned To Avoid Sneaky Mykonos Restaurant Scam

Many Tripadvisor reviews of DK Oyster Mykonos allege the place is a scam. The owner, however, has hit back at the negative press, saying: “we have advertised in the ways we consider suitable for our restaurant and we will not succumb to the influencers who have been attracted to the beautiful island of Mykonos.” Reviews …

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