Inflation lowers to 3.5% year-on-year, as subsidies impact; a tough year for Woolworths ends up on the balance sheet; Adairs prepares for pillow crisis; softer ad market hurting Nine; stepping up the fight against text message scams; and Carl Capolingua joins us for the Market Wrap.

Host: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Inflation lowers to 3.5% year-on-year, as subsidies impact; a tough year for Woolworths ends up on the balance sheet; Adairs prepares for pillow crisis; softer ad market hurting Nine; stepping up the fight against text message scams; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

Join Deborah Knight for Money News, the most respected business program on radio.


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Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing moneynews@2gb.com

Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

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Money News with Deb Knight - 28th August

On a single day this year Optus managed to block more than 2.4 million scam texts. But can our telcos do more to help?

On a single day this year Optus managed to block more than 2.4 million scam texts. But can our telcos do more to help?

Andrew Sheridan, Optus Vice President, Government and Regulatory

A softer TV advertising market has offset a good result from the Olympics for Nine, but a year of media reckoning still suggests a lot of work to do for the media giant.

A softer TV advertising market has offset a good result from the Olympics for Nine, but a year of media reckoning still suggests a lot of work to do for the media giant.

Mike Sneesby, CEO of Nine Entertainment

A year of criticism has ended with Woolworths settling on a tougher earnings result.

ASX200: up 0.31%, 7,850
AUD: 66.27 US cents
GOLD: $2,508 US/oz
BITCOIN: $91,901 AUD
Supermarket giant Woolworths lifted by 3.3% after it gave a special dividend to shareholders, as underlying profits fell 0.6% to $1.7 billion.
Flight Centre has well and truly put the pandemic behind it, with strong demand for travel seeing earnings hit a new high.. Shares were up 3.7%.
Not able to cash in a winning bet was Tabcorp, with new CEO Gillon McLachlan saying the company would not meet cost-cutting targets.. shares plunged by 15% today.
Gas infrastructure operator APA Group saw its earnings lift to $1.89 billion, but shares fell by 1.5%.
And after shipping nearly 200 million tonnes of iron ore over the last financial year, Fortescue’s underlying profit rose 3% to $US5.7 billion, but shares dropped 1%.

A year of criticism has ended with Woolworths settling on a tougher earnings result.
<ul>
<li>
<ul>
<li aria-level="1">ASX200: up 0.31%, 7,850</li>
<li aria-level="1">AUD: 66.27 US cents</li>
<li aria-level="1">GOLD: $2,508 US/oz</li>
<li aria-level="1">BITCOIN: $91,901 AUD</li>
</ul>
</li>
</ul>
<ul>
<li aria-level="1">Supermarket giant Woolworths lifted by 3.3% after it gave a special dividend to shareholders, as underlying profits fell 0.6% to $1.7 billion.</li>
<li aria-level="1">Flight Centre has well and truly put the pandemic behind it, with strong demand for travel seeing earnings hit a new high.. Shares were up 3.7%.</li>
<li aria-level="1">Not able to cash in a winning bet was Tabcorp, with new CEO Gillon McLachlan saying the company would not meet cost-cutting targets.. shares plunged by 15% today.</li>
<li aria-level="1">Gas infrastructure operator APA Group saw its earnings lift to $1.89 billion, but shares fell by 1.5%.</li>
<li aria-level="1">And after shipping nearly 200 million tonnes of iron ore over the last financial year, Fortescue’s underlying profit rose 3% to $US5.7 billion, but shares dropped 1%.</li>
</ul>

Money News with Deb Knight - 28th August

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