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The business week in numbers

AAP logoAAP 16/12/2016 Ethan James

Trouble for a baby formula maker, rising house prices and more people looking for work - here's some of the numbers that mattered this week.


$6.68 - Shares in baby formula maker Bellamy's were suspended from trade for the week as the company prepared to issue an update on its trading performance, just weeks after a disappointing trading update caused a massive plunge in its share price. Worth $15.48 a year ago, Bellamy's shares are now at $6.68.


3.5pct - In some palatable news for home buyers, capital city house prices posted their weakest annual growth in more than three years, an average of 3.5 per cent. Melbourne prices went up 6.9 per cent in the year to September, ahead of Hobart at 6.8 per cent with Sydney a surprising fourth at 3.2 per cent.


$11m - Flight Centre could face a big fine after the High Court upheld a Federal Court decision which found the travel agent tried to engage in anti-competitive conduct. The ACCC alleged the company tried to induce some airlines into contracts on fare prices. The Federal Court will now decide on a penalty.


5.7pct - The unemployment rate rose slightly in November, but that was largely the result of more people looking for work. Some 39,300 people found full-time jobs during the month, nearly double market expectations, with the majority coming in Queensland.


$1.9b - That's what Crown Resorts will raise from reducing its stake in Melco Crown Entertainment to 11.5 per cent. The James Packer-controlled casino giant will pay a special distribution of $600 million and conduct a $500 million share buyback.

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