Latest fromAustralia Business

Australian central bank cuts rates for first time in four years
The bank cut the rate by 25 basis points to 4.1%.

Property Insider: Seph ‘Sticky’ Glew expands further in NZ via Wotso
'I learned financial discipline from my father. He learned a lot from his Chase era.'

Freightways eyes trans-Tasman growth “if it fits right”
A solid HY25 result in a moribund economy.

SkyCity Adelaide pays more than $40m in loyalty points squabble
The tax laws were just too technical, SkyCity chief says.

Two reasons why Woolworths plans 188% distribution centre expansion
'Further investment in supporting infrastructure is required for the business'.

Ho Chi Minh to Northcote: 'Southern Hemisphere's largest modular housing project'
'We see New Zealand as a long-term strategy.

David Jones reports improving result in 2024 accounts
Luxury-brand retailer still made a loss in 2024, but had a small improvement.

Flagship rising: Rodd & Gunn opening Lodge bar, restaurant in Pompallier on Ponsonby
Bar and dining concept at Commercial Bay and Queenstown will be extended to Ponsonby.

Bluestone Home Loans sold to ASX-listed Challenger for $597m
Challenger told Bluestone clients with direct debits that nothing would change for them.

'Significant milestone for many Kiwis': Oceania Healthcare CEO Suzanne Dvorak
The workforce is predominantly female which is reflected in the company's leadership.

Flatpacked and ready: Ikea warehouse opened today
Goods to be shipped from China and Malaysia mainly, but also other parts of the world.

Spotless NZ businesses sold in cleaning, catering shakeup
Clients include a major stadium and some of the country's most prestigious schools.

Retirement village vacancies rise: Ryman's chairman Dean Hamilton explains
Opening three new hospital buildings in Auckland and Hastings pushed up vacancies.

Ryman result: Australasian business has 1156 empty retirement homes
A new phenomenon: increasing vacancies being declared in our retirement villages.

Buyers shun retirement village luxury: 69% unsold despite chauffeur, executive chef
What does new Australian-born CEO Suzanne Dvorak have to say about the lack of sales?

Big blue wants people: 400 Ikea staff needed next year
'We need a big team due to the way we will run operations in New Zealand'.

Bunnings declares $79m net profit from New Zealand operations
It employs about 5000-plus staff in its stores, trade and distribution centres.

Pipe dream gone bad: Fletcher Building's Iplex deal terms cemented
Terms of the agreement announced as sealed today mirror those set on August 30.

Market conditions 'challenging': Downer NZ pushes up revenue, profit
Downer-owned Hawkins won the new $800m Auckland Airport contract, announced in September.

SkyCity AGM: Shareholder criticism for non-compliance, regulatory actions by authorities
Shareholder said company had been mismanaged and asked about accountability.

Why Fletcher Building needs $700m in extra capital
'Capital raise keeps the wolves from the door' - analyst Andrew Scott of Morgan Stanley.