Nov 20, 2017 Last Updated 3:31 PM, Nov 20, 2017

New Entry From the Editor :

IMF gives Australia mixed review in annual economic report

IMF gives Australia mixed revi…

AusBN - The International Monetary Fund (IMF) has concluded that while Aust...

Fresh report warns of 10,000 job losses in SA’s construction sector

Fresh report warns of 10,000 j…

AusBN - South Australia’s construction industry should brace itself f...

Australian business conditions elevate to highest on record

Australian business conditions…

AusBN - Business conditions in Australia have surged to new highs, accordin...

Boxing Day sales likely beat forecasts

Forever 21 in SM Aura BGCAusBN - Boxing Day sales across Australia likely exceeded a A$2.3 billion forecast made by the Australian Retailers Association.

Early reports suggest that sales in New South Wales had been particularly strong thanks to shops being open on the day in more regional areas.

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Woolies expecting 35% drop in profits

WoolworthsAusBN – Supermarket Woolworths has warned investors that its first half profit could be 35% lower than the previous half, mostly due to previously announced investments pulling down margins.

This is in addition to total sales in the 14 weeks to 4 October falling 2.5% to $15.7 billion, including a 1% drop in food and liquor sales.

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AusBN Vol3 Iss1

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