Chanticleer Chook awards for best and worst profits, ANZ's job cut fail & business piles on Victoria
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Aug 29, 2025 This week, the hosts dive into the economic woes plaguing Victoria, spotlighting taxation and retail crime. They hand out quirky awards for company profits, celebrating both the highs and lows. The discussion also unveils ANZ's chaotic email job cuts, raising eyebrows in the business community. Plus, a look at Chemist Warehouse's massive share sales and their implications adds intrigue. Lastly, insights on Woolworths' pricing strategy and the ever-shifting Australian property landscape keep the conversation lively and engaging.
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Founders Sell But Market Bids Higher
- Chemist Warehouse founders sold large locked-up share parcels after the Sigma transaction and IPO.
- Market demand from super funds absorbed the insider sales and bid prices higher.
ANZ Redundancy Email Debacle
- ANZ sent redundancy emails prematurely, telling 300 staff to hand in laptops before consultation.
- The mistake forced emergency support, psychologist help and an organisational apology.
COVID Lockdowns Left Lingering Economic Scars
- Victorian economy shows lingering scars from long, harsh COVID lockdowns that reduced office occupancy.
- The combination of lower office use and high state debt helps explain weaker growth versus other states.