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The Senate inquiry into supermarket power has helped unveil one of the biggest brand’s top five supermarket items in Australia hit by ‘shrinkflation’ — reduced in size but not in price.
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The Australian
 

Good afternoon,

No, you're not imagining it. The Senate inquiry into supermarket power has helped confirm food items in Australia are shrinking in size but not price and one of the biggest players has even listed the products hit most.

In energy, Andrew Forrest’s Squadron Energy has rejected claims gas prices would soar if eastern seaboard users were forced to rely on imported gas supplies.

Choosing a financial adviser is never easy but our wealth experts have put together the key steps every investors needs to follow to find the best one, and avoid the red flags.

For those looking for a seachange, a Byron Bay developer has been given the green light for a $100m precinct in the heart of the tourist hub where penthouses will cost just $4m.

And Australia's share market recovered Friday to close with a solid weekly gain. The S&P/ASX 200 index closed up 0.4 per cent at 7749 points.

Perry Williams
Business editor

The Markets

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The Inner Sanctum

Bill McDermott, the celebrity chief executive of the $US147bn American digital workflow juggernaut ServiceNow, has a message for Australian tech trailblazer Atlassian.

While ServiceNow’s annual Knowledge 2024 conference was taking place at the Venetian Expo Center in Las Vegas this week, Atlassian advertisements were featuring on buildings and billboards up and down the casino city’s famous main strip.

They were emblazoned with the words “end bad service management now’’, with the ‘‘o’’ in “now” coloured green, mimicking ServiceNow’s logo.

Damon Kitney

Read more

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