Premier Investments

The owner of Just Jeans, Peter Alexander and Portmans has reported a 29 per cent rise in full-year profit, but says it may close more stores.

Premier Investments is reopening the remainder of its closed stores in Australia and New Zealand this week - but some may not stay open for long.

Australia's share market has plunged again following three days of gains, smashing any incipient hopes that the bear market is finished.

Woolworths is creating 20,000 new jobs to meet a surge in demand but the list of companies shutting stores and standing down staff continues to grow.