Kathmandu says Briscoe's offer worth about $318 million "is inadequate and does not reflect the underlying value" of the outdoor goods retailer.
The services sector has grown at its fastest pace in more than seven years, new figures from Ai Group show.
Banking giant NAB says it "is not involved and has no plans to be involved" in any financing for the Carmichael coal mine.

Retail spending to stay solid

Retail sales are forecast to have edged 0.4 per cent higher in July, which would be the third consecutive monthly gain.
The collective pay of CEOs at Australia's top 100 companies in 2014 was much more than declared, a superannuation body says.

Rupert Murdoch takes a pay cut

The annual pay packets for News Corp's top executives fell in the 2014/15 year as the company suffered a loss.
Gold miner Resolute Mining is expanding its exploration program as it eyes acquisition opportunities despite scarce capital. sector.
Almost 1,200 WA mine workers were searched by drug detection dogs as part of an ongoing police operation, but only a single stash of cannabis was found.
WA Premier Colin Barnett says the mining downturn has bottomed but warns the next 12 months will be risky for minerals companies.
The Australian dollar has fallen back below 70 US cents due to weaker than expected economic growth in the June quarter.

Google refines logo

Google's logo is undergoing a transformation as the internet giant prepares to become part of the new holding company called Alphabet.

Harvey Norman's dairy stake "odd"

Homewares retailer Harvey Norman is buying a 49.9 per cent stake in a dairy company for $34 million. It's a move that one analyst describes as "odd".
Luxury hotel chain Hilton is teaming up with ride-sharing service Uber, to help guests reach their hotel and tour the city where they're staying.
Fonterra's GlobalDairyTrade auction has experienced its second rise in a row, bucking a downward trend since March.
Australia's economy grew by 0.2 per cent in the June quarter, as falling commodity prices dragged down the value of the nation's exports.

Editor's Choice

Our pick of the best content from SBS News & Current Affairs and our content partners.

With a little more than a year left in office, Barack Obama may be closing in on his post-presidency plans.
The AFL is hoping to establish a women's Australian football competition of up to six teams or more in the next two years. Participation by women in the sport is...
Just as the best product is the one that gets the job done, the best resumes are those that communicate your skills and accomplishments in a clear, effective way.
New Zealand has released its final list of four flag designs to be voted on in a public referendum in November.
Kenya is on top of the world.
Muslim community leader Dr Jamal Rifi has been named Australian Father of the Year.
Australian families who lose loved ones to drug overdose are dealing with their grief alone because of a damaging and persistent stigma.