Business

Shared Beginnings, a childcare operator with seven centres across Queensland, Victoria and the ACT, went into administration on Monday. Its owner, private lender Finexia Financial Group, told staff the centres had been running at a loss. All seven centres are still open and care is continuing as normal while administrators from DVT McLeods look for
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Reserve Bank deputy governor Andrew Hauser has told a Sydney investment conference that the inflation outlook is “materially worse” than the central bank had forecast, and that another rate rise could come as soon as November. Annual inflation currently sits at 4 per cent, according to the August consumer price index, well above the RBA’s
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