Business News Australia
Trending News. Silk Logistics shares surge 42pc amidst $174.5m takeover offer by DP World. Scalare Partners makes ASX debut, bags $4.3m. Cold response from aerospace tech manufacturer Quickstep to $28m takeover bid. Public given a say on controversial $480m Gold Coast Arena planned for Southport.
SPC in $342m merger with Original Juice Co and Nature One
By Nick Nichols. 2 October 2024. Photo via SPC Global Facebook. Shepparton-born SPC Global has engineered a reverse takeover of listed drinks producer The Original Juice Company (ASX: OJC) via a three-way merger worth $342 million that includes Nature One Dairy and aims to drive SPC’s global growth ambitions.
Harrolds teases a 'new chapter ahead' despite liquidation
Oct 23, 2024 · Harrolds teases a ‘new chapter ahead’ despite retailer's liquidation with debts of $12.5m. By Nick Nichols. 23 October 2024. Photo via Harrolds Facebook. After 39 years in business, high-end fashion retailer Harrolds was placed into liquidation earlier this month with debts of $12.5 million, but a message on the company’s website has ...
Judo Bank co-founder and CEO Joseph Healy to step down
Feb 20, 2024 · After leading the first bank to list on the ASX in 30 years, Judo co-founder Healy to resign. By Matt Ogg. 20 February 2024. CEO Joseph Healy (pictured) will make way for fellow co-founder Chris Bayliss to lead Judo Bank. Judo Capital (ASX: JDO) has announced the co-founder and CEO of Judo Bank, Joseph Healy, will step aside on 18 March to make ...
Do recent class actions signify stronger consumer voices?
Oct 11, 2024 · ANZ agreed to settle the proceedings for $85 million on a “no admission of liability” basis. However, two further flex commission class actions – against Westpac & St George and Macquarie Leasing – remain on foot and will be heard this month. Class actions are a growing trend in the ways consumers seek to access justice.
Virescent Ventures raises $100m for new climate tech fund
Oct 8, 2024 · Climate-tech sector set for $100m boost from new Virescent Ventures fund backed by Westpac and CEFC. The Australian climate-technology sector is poised for a $100 million shot in the arm after the first close of Virescent Ventures’ latest investment fund which has been backed by Westpac Banking Corporation (ASX: WBC) and the government-owned ...
Circonomy's vision for zero-waste venture comes to an end
By Nick Nichols. 8 October 2024. Circonomy founder Yasmin Grigaliunas. Photo: Circonomy, via Facebook. The vision to grow Australia’s first recovery, repair and resale service to support a zero-waste retail sector has been delivered a blow after voluntary liquidators were appointed to the Officeworks-backed social enterprise Circonomy.
Japan's Sumitomo Forestry buys 51pc of Metricon for $115m
Oct 1, 2024 · Japan’s Sumitomo Forestry buys 51pc of Metricon for $115m with plans for full takeover. Australia’s largest homebuilder Metricon, which bounced back into profit in FY24, is about to fall under the control of Sumitomo Forestry Australia in a deal that could see a full takeover of the housing group in a few years.
McLaren Vale's Fox Creek Wines in voluntary administration
Oct 21, 2024 · By Business News Australia. 21 October 2024. Photo via Fox Creek Wines Facebook. South Australia’s Fox Creek Wines, an award-winning winery and popular events venue in McLaren Vale, has been placed into voluntary administration with the company blaming a raft of issues stemming as far back as the pandemic and Chinese tariffs for its financial ...
UK giant SSP Group swoops on Airport Retail Enterprises
By Nick Nichols. 14 February 2024. Photo: Brisbane Airport, via Facebook. UK contract foodservice giant SSP Group plc is taking a bigger share of the Australian airport sector, including entry into the Gold Coast and Canberra markets, after securing a deal to acquire the privately owned Airport Retail Enterprises.