Westpac boss Gail Kelly is one of Australia’s most senior business people but she also wields more power than US Secretary of State Hillary Clinton, talk show host Oprah Winfrey and the Queen, according to Forbes magazine. (Sydney Morning Herald)
And her bank earned around $1.1bn in the quarter, despite a rise in bad debt charges.
Insurance Australia Group is beginning to see some benefits from its turnaround strategy under chief executive Mike Wilkins after announcing that it had returned to a full-year profit following the losses and write-downs of 2008. (The Age)
Macquarie Airports has affirmed its calendar year distribution guidance of 21 cents per security after booking a first-half loss. (Sydney Morning Herald)