Finance




Telstra to slash $500m, limits job cuts

Telstra boss Andy Penn has ruled out major job cuts as part of efforts to slash costs by $500 million by 2025. Telstra on Thursday revealed the cost-cutting goal would help earnings improve by mid-single…



Myer profits soar on the back of JobKeeper

Department store Myer has posted a big increase in annual profits after receiving more than $100 million in JobKeeper subsidies during 2020. The retailer reported a $51.7 million after-tax profit for the the 2020-21 financial…