The chief executive of one of Australia’s biggest banks has laid bare the stress the country’s aggressive rate hike cycle has put on homeowners, with the bank’s “customers in hardship” measure doubling in just a year. Westpac chief executive Peter King, in reporting the ASX-listed behemoth’s half-year results on Monday morning, said there had been...
Tag: Duncan Evans
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CEO hints at big changes to 7-Eleven
Some big changes are in the offing for the popular 7-Eleven brand, with the chief executive of the convenience store chain telling a retail gathering the company would take inspiration from its new Japanese owners to remake the business. Japanese retail giant 7-Eleven International took control of 7-Eleven Australia in November 2023 in a $1.71bn...
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Teen charged over alleged shopping centre stabbing
Victoria Police have arrested and charged a 19-year-old man following an alleged stabbing at the popular Highpoint Shopping Centre in suburban Melbourne on Sunday. The alleged stabbing in the city’s west took place about 2.30pm, police said, with two men involved in the altercation inside a restaurant. A 19-year-old man suffered suspected stab wounds and...