AGP Executive Report
Last update: 7 hours agoRetail: David Jones has entered voluntary administration after 188 years, with a sale or recapitalisation under way. Its 38 stores are still trading, but closures are expected, putting about 6,000 jobs in Australia and New Zealand at risk. Tech: Canva plans to cut 1,271 roles — about 22% of its workforce — as growth slows for the first time in a decade and the company reshapes its teams. Rates and confidence: The RBA’s deputy governor says public trust in the central bank’s inflation fight is slipping after rates rose to 4.85%, their highest level in 18 years. Banking: NAB reported a $6.1 billion FY26 profit, while warning that economic pressure could lift bad-loan risks. Markets: Australian shares rebounded as a Wall Street rally lifted the ASX 200 to a two-month high.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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