The Fair Work Commission minimum wage lift will be good news for our lowest-paid workers, but UBS says its bad news for these companies. The commission seemed to insist the chunky hoist wouldn’t trigger a wage-price spiral in the middle of a record breaking inflation v interest tate rise battle. But the tail end of … [Read more…]
Petrol station king Nick Andrianakos has embraced the shopping centre property recovery, taking a significant stake in a Melbourne complex. Mr Andrianakos, who founded the Milemaker Petroleum portfolio of service stations and the Nikos Property Group, has taken a 50 per cent stake in Broadmeadows Central in Melbourne’s western suburbs. The stake was sold by … [Read more…]
The bank’s new deposit account for SMEs could hurt margins but force the other big four to follow. The lending giant, which already banks more than one in five Australian businesses, said the new account would pay 2.10 per cent interest to businesses, offering almost immediate access to funds with withdrawal notice periods as short … [Read more…]