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The business week in numbers

Suncorp hails a looming claim storm, Brambles sells US whitewood business to Grey Mountain, Medlab shares grow on licence to sell medical cannabis, IPhone X and Black Friday boost retail sales and Incitec Pivot bids an explosive farewell to Gina Rinehart's Roy Hill: Here's a few of the numbers that grabbed attention - or should have - in the business world this week.


21,000 claims - Suncorp flagged a $160 to $170 million hit in the insurance giant's first-half results, following a flood of more than 20,000 insurance claims relating to Melbourne's hailstorm in December.


$US115 milion - Brambles inked a deal to sell its North American whitewood pallets business, CHEP Recycled, to private equity firm Grey Mountain Partners for $US115 million ($A161 million), with the specialty pallets, crates, containers and logistics firm facing tough operating conditions in its US pallets division and a $US243.8 million non-cash impairment in CHEP Recycled.


24 per cent - The value of Medlab Clinical shares gained 24 per cent in Wednesday's trade, after the company announced it was licensed and ready to sell and supply medical marijuana in Australia.


$26.4 billion - The iPhone X and Black Friday sales drove a 1.2 per cent jump in retail spending in November, to $26.4 billion, trouncing economist forecasts of a 0.4 per cent lift.


$81 million - Incitec Pivot on Friday warned shareholders that its profit over the next four years will take an $81 million hit once the contract to supply explosives to Gina Rinehart's Roy Hill Iron Ore mine expires.

Austrlaian Associated PressBack to Breaking News

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