Plumbing supplies and fixtures supplier Reliance Worldwide has booked a currency-adjusted 17% increase in half-yearly sales as homeowners in Australia and the USA spruce up their kitchens and bathrooms. In the absence of any overseas travel, homeowners are pouring cash into back into their homes amid a global boom in restorations and renovations. Phil King, […]

About 50,000 Australians found work in December, bringing the official unemployment rate down to 6.6% from 6.8%. Almost 90% of the jobs lost since March have been recovered, a sign that the labour market is staging a speedy recovery. Speaking with Money News host Brooke Corte, Employment Minister Michaelia Cash said the jobless figures show […]

The electric car revolution has heralded a new golden age for lithium producers, driving rising global demand for the dream material used in the batteries that power EVs. The stock price of Perth based lithium prospector Vulcan Energy Resources has climbed about 5000% over the last year. Its goal is to become the world’s first […]

Half-yearly sales have surged by 24 per cent at Super Retail Group, the operator of Super Cheap Auto, Rebel Sports, Boating Camping Fishing and Macpac. The sales bonanza means profits across the group are likely to climb by roughly 200 per cent. On the back of this result, the company says it will repay $1.7 […]

REX Airlines Deputy Chairman John Sharp has rejected Qantas CEO Alan Joyce’s claim that the Australian domestic airline market cannot sustain three commercial players. Speaking with Brooke Corte, Mr Sharp claimed that REX had been more profitable than Qantas over the past 12 years and stresses the airline is in it for the long haul. […]

Labor’s assistant treasury spokesman Andrew Leigh says Premier Investments, the retail giant chaired by billionaire Solomon Lew, should repay more than $45 million it has received in JobKeeper payments after the company booked an 80% increase in first-half sales. In a trading update, Premier Investments revealed its first-half sales had soared by roughly 80%. Premier’s […]