Talking Business with Leon Gettler Leon Gettler

Peter Costello resigns. He is succeeded by Catherine West, a former Murdoch executive with Sky in the UK.
The Chemist Warehouse-Sigma merger will give the company nearly half the market.
Bain bids $1.83 billion for Bapcor amid market challenges.
Bonza’s administrators sacks all staff as prospects for a sale dry up.
Lion, one of the largest drinks groups in the world, intends shutting a craft brewery in inner Sydney that has been operating for 36 years. Rising costs, a shrinking beer market and consumer spending cutbacks have taken their toll.   
 
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Rupert Murdoch locks in his fifth marriage (and his molecular biologist wife her third marriage). Just the odds!
Australia’s GDP growth for the March quarter was an anaemic 0.1%  So annual growth has slipped to 1.1%. Australia remains in a per capita recession as we have been since late 202
Yoga instructors, martial artists and dog handlers have beaten some construction trades to a spot on the government’s draft priority skills list for migrants, despite the dire need for workers to tackle Australia’s housing crisis.
Fair Work Commission warns that stalled productivity and falling profits in Australia’s retail and hospitality industries remain barriers to reversing the fall in real wages since the pandemic
Australian business failures tracking at the highest rate since the aftermath of the global financial crisis combined with mortgage and cost of living pressures are seeing a rapidly rising number of personal insolvencies.
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Inflation has risen for a second month to 3.6% in the year to April, confounding expectations that consumer price growth would restart its downward trend:
Lend Lease exits overseas markets, waving the white flag and finally agreeing with what investors have told it for years: it’s just too hard.
Research has found that migrants in Australia are driving Ubers and not working in skilled jobs.
Australian business failures are tracking the highest rates since the aftermath of the Global Financial Crisis.
Sexual harassment and workplace scandals at Nine Entertainment and Country Road.
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RBA minutes confirm a tightening bias, but it's reluctant to hike. This, as consumer sentiment remains deeply pessimistic with just over half expecting rate rises to resume over the next 12 months.
Macquarie Group economists estimate there is a 50% chance of recession this year, as the “trap” of high migration unwinds and high interest rates leave the private sector in “stagnation”.
A setback for Peter Dutton’s nuclear energy plans with the CSIRO estimating the nation’s first large-scale nuclear power plant could cost as much as $17 billion in today’s dollars, and would not be operational until at least 2040.
Liberal Senator Linda Reynolds and her former staffer Brittany Higgins fail to reach an agreement in a second round of mediation.
Telstra slashes its workforce by 9%.
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Chalrmer’s election budget promises inflation will give voters a Christmas by returning to the RBA’s 2-3% target by the end of the year. The question is whether the RBA agrees.
Small business is likely to be underwhelmed by the Budget which only announced investment initiatives for select industries only.
A big victory for Elon Musk. An Australian federal court judge has shut down the Australian eSafety Commissioner's argument in its legal battle against 𝕏 over a global takedown order calling for the removal of videos.
Anglo American has rejected an improved takeover offer from BHP valued at around $42.7 billion.
PwC says it’s not liable for a boss rape.
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Higher for longer and rates might go up again: That's the message we’ve got from the Reserve Bank of Australia on interest rates.
 
Rating agencies have put the Victorian government on notice after it revealed state debt would climb to $188 billion in a budget that failed to cut spending
 
The scale of the Bonza collapse has been revealed in court with almost 60,000 customers affected and lawyers claiming they would need a stadium to hold the thousands of creditors.
 
Perpetual will be broken up and its 138-year-old name sold to private equity giant KKR as part of the biggest overhaul in its history.
 
The Australian Taxation Office is ramping up action against company directors as it chases $2.5 billion in unpaid taxes from businesses that have failed to pay superannuation, pass on GST or pass on income tax of employees.
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