Yesterday’s Qantas guidance of a first-half loss of up to A$300 million is a continuation of poor financial performance which began in 2009. It’s not since then that Qantas has delivered a return on equity…
One tough mudder.
The 621st Contingency Response Wing
Tough Mudder is an endurance foot race over 12 miles that belongs to a class of obstacle courses known as MOB, or mud, obstacles and beer, that have seen an explosion in popularity since 2010. They include…
A new grocery code of conduct provides new rules for a sector subject to price wars, but will not solve all market problems.
Lukas Coch/AAP
Coles, Woolworths and the Food and Grocery Council have released a draft industry code of conduct to help govern their relationships with suppliers. The code will be “voluntary” under section 51AE of the…
Commonwealth Bank chief Ian Narev announces a record full-year profit of A$7.8 billion, ahead of this week’s $2.1 billion quarterly result.
Paul Miller/AAP
Like most companies, banks report their profits twice a year. Each time the majors report we see headlines about the size of the profits and implicit or explicit criticism of the amount – this time about…
Costco is looking to expand its US petrol business to its Australian stores.
lokeswari/Flickr
In a new twist in the long-running Australian petrol wars, Costco is preparing to join the discount petrol market. Sydney’s second Costco outlet, scheduled to open later this year, will reportedly sell…
Legally, it would be extremely difficult to prove shopper docket fuel discounts are anti-competitive.
Michael Welsh via Flickr
A curious feature of the election campaign to date has been the lack of focus on competition and consumer policy. Generally this subject rates highly, as parties try to curry favour with consumers and…
Not carpet bombs, but competition..
Pixabay/LoboStudioHamburg
Julian Le Grand, London School of Economics and Political Science
David Nicholson, the retiring Chief Executive of NHS England, has warned against what he called “carpet bombing” the NHS with competition. For him, and others, less focus on competition is a good thing…
A game of two halves: publishing performance can improve services but could also affect who surgeons choose to take on.
PA/Gareth Fuller
Gwyn Bevan, London School of Economics and Political Science
Data on hospital performance often shows a wide variation and this poses the question of whether it should be available to the public or kept confidential. The government wants more transparency and announced…
GPs and hospitals aren’t incentivised to properly manage demand, which has contributed to the crisis in Accident & Emergency.
PA/Stephen Kelly
Our increasing use of hospital services is out of control and unsustainable and is contributing to the current crisis in accident and emergency (A&E). But the problem isn’t new and 30 years of NHS…
Will a US$732 million penalty be enough to dissuade Microsoft from violating antitrust settlements in the future?
When large corporations can shrug off financial penalties and seem indifferent to reputational damage because they’ve captured the consumers, you might wonder about the true cost of broken promises in…
When it comes to IT products, Australian consumers pay more than their American counterparts.
AAP
Apple Inc. has often portrayed itself as the champion of consumers, with its advertising campaigns on “1984”, “Think Different”, and “Rip, Mix, Burn”. However, this reputation has been called into question…
It appears that biodiversity increases during warmer periods in Earth’s history.
Dom Dada/Flickr
In 2008, I and my colleagues published a study which appeared to confirm that current global warming could cause large losses of species and a loss of biodiversity. Four years later and a new approach…
To ensure a sound financial system, policymakers should balance the twin objectives of stability and competition.
Reactions to my call this week for another inquiry into Australia’s financial system have been mixed. Most commentators seem to accept that there’s logic in having another inquiry, even if some think that…
Grey skies lie beyond the colour of the Olympic contest for some competitors.
EPA/Geoff Caddick
The perfectionism and combative mindset essential to success for Olympic athletes can also disrupt the transition to life beyond elite sport and cause depression, according to an international study. While…
Read the second part of our In Conversation between Stephen King (left) and former ACCC head, Graeme Samuel.
AAP
Welcome to part two of our In Conversation between the former head of the Australian Competition and Consumer Commission, Graeme Samuel and Monash’s Professor Stephen King, also a former competition regulator…
Graeme Samuel and Stephen King: two of Australia’s most senior regulators sit down together for The Conversation.
What happens when two of Australia’s best known former competition regulators sit down together and talk about the world? A wide-ranging discussion on the state of Australia’s political debate, xenophobia…
Christmas is coming, which means consumers are out looking for great deals to fill stockings and feed the family. And for retailers and manufacturers, the temptation to add “spin” to their marketing is…
The ACCC has pledged to take more businesses to court over anti-competitive behaviour.
Hacklock
When the appointment of Rod Sims as chairman of the competition watchdog was announced earlier this year, there was disquiet among some competition lawyers. Would Sims, an economist, readily appreciate…
Malcolm Turnbull talks about Telstra’s structural separation, the ACCC and much more with Joshua Gans.
Supplied
Welcome to the latest in our In Conversation series, between Opposition Spokesman for Communications and Broadband, Malcolm Turnbull and economist, Professor Joshua Gans. This week, attention has again…