The government's"very generous"$130 billion JobKeeper wage subsidy may need to be supplemented with additional support at the end of coronavirus pandemic.
Wesfarmers says it expects to book a pre-tax profit of $130m from the sale of another 5 per cent slice of the major supermarket chain on Monday.
Thousands of casual staff at Officeworks,Kmart and Target will be paid up to two weeks'wages for shifts missed due to the coronavirus pandemic.
Richard Goyder has taken aim at activist investors hijacking shareholder meetings in an attempt to force boards to take stronger action on climate change.
The largest rare earths producer outside of China has cited the cost of resisting a takeover bid from Wesfarmers as one of the factors behind a plunge in its interim profit.
Retailers have disclosed staff underpayments of more than $381 million over the last six months. They're pinning it on mis-configured software,but who's really to blame?
Incorrectly configured payroll software also frequently leads to overpayments of workers which are not clawed back by companies,retailers claim.
The boss of Wesfarmers has pushed back against Canberra's threats of tougher punishments for companies,after the conglomerate revealed it had underpaid Target staff by $9m.
A languishing industrials division and poor performance at struggling department store Target have dampened the retailing powerhouse's half-year results.
Perth-based retailing conglomerate Wesfarmers has parted with $1.1 billion worth of shares in supermarket giant Coles.
ACCC chairman Rod Sims said the acquisition had the potential to"stifle"competition in Adelaide's specialist tools market.