AN IMPROVING economy, growing market share and falling bad debts are set to propel Commonwealth Bank to a record annual profit of $6 billion this year, despite the fragility of the recovery from the global financial crisis.
THE historic Tahbilk wine group has sunk to a $3 million loss after writing off an investment in a collapsed wine dispenser business and shedding a sizeable amount of bulk wine below cost due to oversupply.
THE competition regulator has signalled an end to the escalating war in popular supermarket fuel discounts, deciding a two-week promotion to give big spenders at Coles supermarkets 40 cents a litre off petrol could be illegal.
THE shopping centre group Centro Properties says the value of its US and Australian portfolios fell by $2.6 billion over the past financial year. But the pace of the decline slowed in the past six months, prompting fund managers to suggest the struggling company had already taken its biggest hits.