operating profits

ANZ and Westpac Will Outsource Jobs


Banking giants ANZ Bank (ASX:ANZ) and Westpac (ASX:WBC) are getting ready to shift jobs to Asia in a cost-cutting effort. Up to 250 jobs may be affected in the move to boost profit growth. ANZ plans to move around 100 jobs while Westpac could send 150 positions abroad.

Australand Records Net Tax Loss for Last Year


Australand Property Group (ALZ), a renowned Australia based diversified property group that has operations in Sydney, Perth, Melbourne and south east Queensland posted a $298.2 million worth of net tax loss for the full year to December 31st, 2009 and stated that it is not expecting to see any pick up in earnings before the next year.

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