Good afternoon, Fortescue’s green energy arm lost $US659m in the past financial year with spending to sail past $US1.2bn this year, while the iron ore arm is guiding a modest increase in iron ore shipments. The Olympics gave Nine a super sugar hit, but three major problems are looming as CEO Mike Sneesby needs to quickly grapple with a changing TV landscape, writes Eric Johnston. Falling airfares are expected to see more families on long haul flights, with Flight Centre recording an 18 per cent jump in international ticket sales in July, in response to a 5 per cent dip in prices. |