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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.

MONDAY:

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.

TUESDAY:

$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.

WEDNESDAY:

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.

THURSDAY:

$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.

FRIDAY:

$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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