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Latest news: Financial and Business Service

Craft retailer Lincraft puts final stitch in shopfronts

Craft retailer Lincraft puts final stitch in shopfronts

Beloved craft retailer Lincraft will close the remainder of its bricks and mortar stores, citing changing customer behaviour and low-cost overseas competition.

'Hello, anyone there?' Mobile phone complaints spike

'Hello, anyone there?' Mobile phone complaints spike

'Hello, anyone there?' Mobile phone complaints spike

'Hello, anyone there?' Mobile phone complaints spike

Thousands of Australians are reporting trouble with their mobile phone service, with smartphone snags responsible for almost half of all ombudsman complaints.

'I take accountability': top advisory firm leader quits

'I take accountability': top advisory firm leader quits

'I take accountability': top advisory firm leader quits

'I take accountability': top advisory firm leader quits

The head of KPMG Australia has resigned after the corporate regulator publicly confirmed in real time it is probing registered company auditors at the firm.

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Future Fund set to join tech-related jobs cull

Future Fund set to join tech-related jobs cull

Australia's sovereign wealth fund will shave as much as $15 million in costs and review 10 staff roles as it reaps the benefits of improved technology.

UK MPs reject Aussie-style kids' social media ban

UK MPs reject Aussie-style kids' social media ban

British MPs have rejected a proposed Australian-style ban on social media for under-16s that was being pursued by campaigners, including Hugh Grant.

Star casinos case: appeal decision a long way off

Star casinos case: appeal decision a long way off

The outcome may not pass the pub test but the outgoing head of the corporate regulator says it was justified in taking on the Star casinos case.

'See you in court': fight looms over work-from-home law

'See you in court': fight looms over work-from-home law

An Australian-first legal right to work from home might not be shielded from a constitutional challenge by the use of anti-discrimination laws.

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Zip shares zapped on earnings miss, rising bad debts

Zip shares zapped on earnings miss, rising bad debts

Zip shares zapped on earnings miss, rising bad debts

Zip shares zapped on earnings miss, rising bad debts

Consumers are increasingly tapping alternative credit, but a major provider has been punished on the stock market for not living up to growth expectations.

Aussies ditch copper for fibre to boost download speeds

Aussies ditch copper for fibre to boost download speeds

Aussies ditch copper for fibre to boost download speeds

Aussies ditch copper for fibre to boost download speeds

More Australians are upgrading their broadband connections, choosing faster plans and setting download records, NBN Co has revealed.

'I won't walk away': embattled Starmer to Westminster

'I won't walk away': embattled Starmer to Westminster

'I won't walk away': embattled Starmer to Westminster

'I won't walk away': embattled Starmer to Westminster

A defiant UK Prime Minister Keir Starmer is digging in, telling colleagues he's "won every fight I've ever been in", amid calls for him to resign.

Delayed pay? You're not the only one hit by RBA glitch

Delayed pay? You're not the only one hit by RBA glitch

Delayed pay? You're not the only one hit by RBA glitch

Delayed pay? You're not the only one hit by RBA glitch

A technical issue at Australia's central bank has forced employees to wait hours for pay and created delays for those hoping to settle on properties.

Watchdog pushes financial literacy to counter AI boom

Watchdog pushes financial literacy to counter AI boom

Watchdog pushes financial literacy to counter AI boom

Watchdog pushes financial literacy to counter AI boom

Artificial intelligence-powered scams featuring fake celebrities are just the tip of the iceberg when it comes to AI risks facing consumers, ASIC warns.

Financial adviser left victims 'damaged', out of pocket

Financial adviser left victims 'damaged', out of pocket

Financial adviser left victims 'damaged', out of pocket

Financial adviser left victims 'damaged', out of pocket

A tradesman who fell victim to a financial adviser, jailed for stealing more than $1 million from clients, says he was groomed and betrayed by the felon.

Financial advisor leaves 'groomed' retirees destitute

Financial advisor leaves 'groomed' retirees destitute

Financial advisor leaves 'groomed' retirees destitute

Financial advisor leaves 'groomed' retirees destitute

A retired couple who fell victim to a financial advisor convicted of stealing more than $1 million from clients say they were "groomed" and "ripped off".

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Australia Post rival shuts operations without warning

A Sydney-based delivery firm that promised to undercut Australia Post has abruptly stopped taking bookings, causing alarm for businesses.

Travel agency confesses to overcharging British clients

An Australian corporate travel agency says large clients in the UK have been overcharged going back three years, and an investigation is ongoing.

Super giant fined over alleged misleading greenwash ads

A major super fund has been fined for allegedly making misleading online advertisements, claiming it was committed to removing all carbon emission investments.

Tech giant founder targeted as federal police raid firm

Shares in Australian technology giant WiseTech are in freefall, down 15 per cent in early trading, after revelations of an ASIC-AFP raid.

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From gigabits to terabits: fibre to fire up downloads

A fibre optic internet backbone will deliver internet speeds up to six times faster as well as a multi-billion-dollar boost to Australia's economy by 2040.

Half of Australians anxious about retirement savings

An increasing number of Australians say it would take a miracle for them to retire financially secure, according to multiple surveys.

Telcos still failing to support struggling customers

Requests for help from customers experiencing financial hardship have been continually rejected by major telcos, according to the industry ombudsman's report.

Trump agrees outline trade deal with EU's von der Leyen

US President Donald Trump and EU Commission chief Ursula von der Leyen have agreed to the framework of a trade deal fixing tariffs at 15 per cent on EU goods.

'Exploited' investors lose fortune, $300m fines mulled

A brokerage that pushed risky investments onto vulnerable customers and profited from millions of dollars in losses has argued for an eight-figure fine in court

ASIC puts super on notice over complaint 'blind spots'

How superannuation funds track and address customer complaints is the next focus of financial watchdog ASIC's bid to whip the scandal-plagued sector into shape.

'Hubris': financial giant in hot water over breaches

Macquarie's brokering arm is being taken to court by the financial regulator for allegedly failing to report up to 1.5 billion short sales over 14 years.

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