The business week in numbers
Board upheaval at McGrath, a massive loss for QBE, and the soaring cost of sending the kids back to school: here's a few of the numbers that grabbed attention - or should have - in the business world this week.
One - the number of McGrath board members left after chief executive Cameron Judson and four directors said they would leave the realtor following another earnings warning. Founder John McGrath, who becomes interim executive chairman, is the last man standing.
$1.2 billion - the annual loss QBE said it expects to announce next month after the insurance giant flagged almost $US1 billion in one-off costs along with blowouts associated with wildfires in California and Hurricane Maria in the Caribbean.
$829 - The average amount parents of primary and secondary school children will spend on back to school items this year, up 43 per cent from 2017, according to a CBA survey of more than 1,000 parents.
$713 million - The size of the writedown David Jones' South African owner will take on the value of the department store chain as Australia's tough retail market bites harder and harder into the sector.
0 - the number of shares traded on the Australian Securities Exchange, which closed for the Australia Day public holiday.
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