Mar 22, 2018 Last Updated 10:48 AM, Mar 21, 2018

New Entry From the Editor :

Glencore acquires $1.7 billion Hail Creek coal mine as rivals exit the industry

Glencore acquires $1.7 billion…

AusBN - Glencore will purchase Rio Tinto’s Hail Creek coal mine in Qu...

TPG Telecom H1 profit dips 11% to under $200 million

TPG Telecom H1 profit dips 11%…

AusBN - Telecommunications firm TPG Telecom has posted a first-half net pro...

Australian junior Raiden Resources strikes momentous deal with Rio Tinto

Australian junior Raiden Resou…

AusBN - Raiden Resources (ASX:RDN) will enter a joint venture with Rio Tint...

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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