News in Brief

News in Brief
Spark buys 38% stake in IoT firm
Listed Companies

Spark buys 38% stake in IoT firm

The telco is committing to partnership with end-to-end provider Adroit.

Henry Burrell 22 Mar 2022
Inflation casts pall over consumer confidence
Economy Free

Inflation casts pall over consumer confidence

Consumer confidence dropped 7 points to 92.1 in the March quarter in the Westpac McDermott Miller consumer confidence survey.

Ella Somers 22 Mar 2022
Warehouse first-half profit falls 8.2% with margins squeezed
Retail

Warehouse first-half profit falls 8.2% with margins squeezed

 Gross profit margin shrank 150 basis points to 34.7%.

Staff reporters 22 Mar 2022
Wakeup call: Hawkish Powell hits bonds
Wakeup Call

Wakeup call: Hawkish Powell hits bonds

A hawkish speech from Federal Reserve chair Jerome Powell prompted a bond market selloff while oil prices jumped again on fears of even tougher European Union sanctions on Russian oil imports, along with fading hopes for a peace deal in Ukraine.

Bernard Hickey 22 Mar 2022