Wesfarmers profit up 28pc as coal and Bunnings counter weaker Coles – The Australian Financial Review

Wesfarmers increased its final dividend 26 per cent after underlying net profit rose 27.6 per cent to $2.87 billion in 2017, the strongest growth since 2009, as surging coal prices and market share gains at Bunnings countered weaker earnings at Coles. The result, which was marginally below consensus forecasts around $2.88 billion, highlighted the benefit…

Explainer: How did Section 44 land five federal politicians in trouble over citizenship? – SBS

Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up the two Greens, government minister Matt Canavan, One Nation senator Malcolm Roberts and Deputy Prime Minister Barnaby Joyce. It rules out anyone with allegiance, obedience,…

Australian startups need to create respectful & inclusive environments — and it’s not about free food and ping pong … – Business Insider Australia

The recent revelations of sexual harassment in tech and venture capital are shocking. Theres rightly been a lot of discussion in our industry about how to react to these stories and how to deal with the perpetrators. However, theres also a broader issue that seems to have received less attention the fact that many of…

Insolvency professional seeks cooperation to keep Amtek Auto’s operations on going – Livemint

The Chandigarh bench of NCLT admitted Corporation Banks insolvency proceeding against Amtek Auto on 24 July and subsequently appointed Dinkar Venkatasubramanian as the insolvency resolution professional (IRP). Mumbai: The insolvency professional in charge of Amtek Auto Ltd has sought the cooperation of all creditors to keep the company as a going concern for a time-bound…