Good morning, Westpac boss Peter King has warned that a two-speed economy has emerged in the fight against inflation, with younger Australians struggling with cost-of-living pressures while older cohorts continue to spend. Meanwhile, new ASIC documents reveal Bonza’s administrators Hall Chadwick were asked by the airline’s owner to provide a financial review of the company and advise on a potential acquisition proposal five months ago. And Qenos was staring at an annual net loss of $659m when its Chinese owners sold the chemicals maker to a property developer, leaving administrators McGrathNicol just $18m in the kitty to run the company, court documents show. |