Good afternoon, The mystery has finally been solved about James Disney’s next move following his departure from Credit Suisse, writes Bridget Carter. The nation’s largest supermarket chains Woolworths and Coles have been accused of using their financial muscle and dominant market power to scoop up land, properties and shopping centres, in a practice known as ‘land banking’, to shut out competition and gain a stranglehold on a neighbourhood. The biggest drawback to Anthony Albanese’s “Made in Australia” campaign is that both China and the US are adopting the same policy, writes Robert Gottliebsen. The Australian sharemarket snapped its three-day winning streak, with falls across the board, led by property and consumer discretionary stocks as bond yields surged. The ASX 200 dropped 0.4 per cent to 7,813.6 points on Thursday, while the broader All Ordinaries fell 0.4 per cent to 8,074.1 points. |