12/08/2008 - 06:41

Today's Business Headlines

12/08/2008 - 06:41

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B&B profit warning furore; Battered Futuris takes a $26m hit, 100 jobs to go; Last shout as Empire goes flat on Colonial, Royal Bar; IGA rejects claims of a missed chance on Bi-Lo; Call for urgent government action over ICT skills shortage

Today's Business Headlines

B&B profit warning furore
Babcock & Brown has given the market another crushing blow, warning that its interim profit will be down by as much as 40 per cent and failing to rule out a further downgrade in the second half. The Australian

Battered Futuris takes a $26m hit, 100 jobs to go
Futuris Corp's already savaged profit will take another $26 million hit, with the agribusiness group yesterday announcing another bag of writedowns to cover a revamp of Elders that will cost up to 100 jobs. The West

Last shout as Empire goes flat on Colonial, Royal Bar
Empire Beer Group has called time on its struggling operations, becoming the first of the listed microbrewers to cut its losses in a sector battered by cash flow problems, share price woes and poor product recognition. The West

IGA rejects claims of a missed chance on Bi-Lo
Metcash chief executive Andrew Reitzer has rejected claims that the IGA supermarkets he supplies have missed a golden opportunity to pick up customers left stranded by the dismantling of the Bi-Lo supermarkets chain. The West

Call for urgent government action over ICT skills shortage
Australia's information and communication technology industry faces a skills crisis within two years unless the Rudd Government acts immediately. The West


THE WEST AUSTRALIAN

Business: Futuris Corp's already savaged profit will take another $26 million hit, with the agribusiness group yesterday announcing another bag of writedowns to cover a revamp of Elders that will cost up to 100 jobs.

Australia's information and communication technology industry faces a skills crisis within two years unless the Rudd Government acts immediately.

Empire Beer Group has called time on its struggling operations, becoming the first of the listed microbrewers to cut its losses in a sector battered by cash flow problems, share price woes and poor product recognition.

A moderate carbon price is unlikely to compel business to implement energy efficiency measures to reduce its greenhouse gas emissions and save on power bills, according to a report by the Allen Consulting Group.

Metcash chief executive Andrew Reitzer has rejected claims that the IGA supermarkets he supplies have missed a golden opportunity to pick up customers left stranded by the dismantling of the Bi-Lo supermarkets chain.



THE AUSTRALIAN

Page 1: The Reserve Bank is predicting an economic slowdown so severe 100,000 people will be thrown out of work in the next 12 months.

Labor has claimed victory in the Northern Territory by just one seat. Education Minister Julia Gillard has endorsed aspects of the New York system for ranking schools based on student performance and progress.

 

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