This Month
- Updated
- Food
Domino’s shuts dozens of stores, dumps big growth target
The company told shareholders it would close stores in Japan and France and warned that the “timing of achieving the long-term outlook was under review”.
- Updated
Pernod Ricard exits Australian wine making, sells to Bain consortium
The French giant’s portfolio of local brands – as well as those in New Zealand and Spain – will be combined with Accolade Wines, the company behind Hardys.
- Opinion
- Debt collection
This must be one of the worst ways of making a return
There’s a dollar to be made lending to people with “impaired credit” while running a debt collection firm. Just ask Brookfield, which is all over this business.
Rex faces boardroom coup as Singaporean investors push to oust chair
The largest shareholder of the regional carrier has called for a shareholder vote just a month after he stepped down as the airline’s executive chairman.
NSW, Queensland flag going it alone in PEXA property settlement snafu
Commonwealth Bank-backed PEXA could still be forced to open its platform to competitors despite the regulator earlier finding it was outside its remit.
Seppeltsfield buys up as Australian Vintage offloads two vineyards
The ASX-listed producer behind McGuigan and Tempus Two will exit one property in NSW and sell another in South Australia to its privately owned rival.
ASIC queried Qantas’ knowledge of ACCC investigation as shares fell
The regulator wrote to the competition watchdog requesting a “a better understanding” of the probe into ticket sales on cancelled flights, emails reveal.
HMC Capital chooses battery storage for first climate investment
David Di Pilla’s asset manager will pay up to $50 million for a controlling stake in StorEnergy, which is headed by a former Spark Infrastructure executive.
- Opinion
- Competition
Could this be the country’s stupidest public policymaking debacle?
From a regulator which has declared it can’t do anything to a company – PEXA – transparently trying to keep its monopoly, there’s not much that can compare.
UBS has a new suggestion for REIT investors – buy battered Mirvac
The bank’s analysts, in a 65-page overview of the sector, said the market had yet to confront the impact of higher interest rates. It expects two increases.
Local REITs outpace broader market despite sagging asset valuations
Goodman Group was the standout performer in the 12 months to June 30, buoyed by rising demand from investors for exposure to data centres.
- Updated
June
BHP accuses class action law firm of ‘losing’ 100,000 claimants
BHP lost its claim to have 33,000 claimants struck out of the class action it is defending over the 2015 Mariana dam disaster, but the overall figure still slipped from 700,000 to 600,000.
Pilbara gold miner Calidus collapses as Macquarie calls in receivers
The ASX-listed company runs the Warrawoona mine near Marble Bar in Western Australia and was working with SQM to develop the Pirra lithium project.
Southern Cross rejects Catalano’s offer to sell his newspapers
The operator of regional television networks and the Hit and Triple M radio brands says it does not want to buy a portfolio of regional publications.
- Updated
Myer outlines massive expansion plan with Just Jeans, Jay Jays buy
The department store has proposed acquiring several brands owned by Solomon Lew’s Premier Investments, its largest shareholder, in a bid to trigger growth.
QBE nears end of the road on reset as it ditches US middle-market
The ASX-listed insurance giant is hoping to shake off the last vestiges of a decade-long but ill-fated grab at the North American market with the wind down.
Integral Diagnostics dealmaking creates $1b diagnostics giant
The company has proposed a merger with its smaller rival, Capitol Health, creating the largest pure-play diagnostics imaging group on the ASX.
- Exclusive
- Mergers & acquisitions
Singapore’s Temasek snaps up $300m stake in ETF provider Betashares
The privately owned, Sydney-headquartered firm is one of the largest local providers of exchange-traded fund products with $38 billion under management.
Telix pulls $300m Nasdaq IPO as investors demand deep discount
The cancer treatment hopeful had announced plans to list in New York only last week as it searched for more capital. On Friday, it withdrew from the initial public offering.
Origin Energy to trim green assets to boost returns
Origin Energy chief executive Frank Calabria says the country’s largest electricity utility will minimise the company’s ownership of wind and solar generation assets as part of a strategy to boost investor returns.
