Woolworths is expanding its home delivery capacity by teaming up with rideshare service Uber to offer thousands more grocery deliveries. The new partnership will begin in Townsville on Monday, before being introduced to more cities in the coming weeks, as demand for the service increases during the coronavirus pandemic. Shoppers will need to place orders through the Woolworths website or app for next-day delivery.
Foxtel will release a new streaming platform as early as next month to compete with other players including Netflix and Stan. The service from the News Corp-owned company is expected to launch within the next four to six weeks. Foxtel is currently ironing out a content deal with HBO for the platform.
National Australia Bank has slashed its interim dividend to 30 cents and launched a $3.5 billion capital raising in a bid to bolster itself against a virus-driven economic downturn. The big four lender's statutory net profit for the half-year ended March 31 was down 51.3 per cent to $1.31 billion while cash earnings fell by 51.4 per cent to to $1.46 billion in a surprise early release of the lender's interim profit result on Monday. NAB last week indicated its first-half result would be stunned by a $1.14 billion triple hit of extra charges and writedowns
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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