Cosmetics operator delays bourse listing
Cosmetic injectables clinic operator Stormeur has pushed back its ASX listing as it looks to raise more capital.
SA Business Journal
Popular eastern suburbs restaurant latest to shut its doors
A beloved suburban restaurant serving up southeast Asian cuisine has become the latest hospitality venue to shut up shop.
Adelaide’s unlikely hospo hell saviour – a town 16,000km away
The answer to SA’s hospitality woes and abandoned shopfronts could be found in an unlikely place. Just ask this British cafe owner.
How AUKUS is creating big waves on the ground
There are billions earmarked to be spent, and this Perth-based engineer is among those on the front lines of a defence revolution.
Burning cash: Star’s future can be counted in months
New boss Steve McCann has his work cut out to come up with a deal to save the casino. But he is fast running out of options.
Taylors corks talks on Treasury wine labels
Taylors Wines has pulled out of talks to acquire labels from Treasury Wine Estates but is still in the hunt for acquisitions.
Major supermarket to close in Adelaide’s west
A major supermarket has announced it will close down in the western suburbs next month.
Are we there yet? Howard Marks revisits bubble.com warning
A quarter of a century after predicting the dot.com crash, influential US billionaire investor Howard Marks sees some worrying signs returning to shares.
Kitchens closed: 11 SA favourites gone amid Adelaide hospo hell
Last year was a tough one for Adelaide’s battling hospitality sector. These are just 11 of the top spots we lost in 2024.
Haunting pics as shelves stripped in popular discount shop
The complete transformation of this once bustling retail outlet in a capital city CBD was swift after some sad news dropped.
Behind Nvidia’s plan to control the new industrial revolution
Jensen Huang is betting Nvidia’s future is far bigger than the chips powering today’s AI boom.
Pub group eyeing IPAs and an IPO
IPO hopeful Duxton Pubs is prioritising a multimillion dollar spend on its existing portfolio ahead of more acquisitions — and a potential ASX listing.
‘Impossible to survive’: Hills clothing shop shuts down
A clothing store that aims to make women “feel fabulous” has closed its physical shop, with the owners saying rising costs are just too much.
US regulatory approval heralds new class of drugs, says Mesoblast
Mesoblast winning approval for its Ryoncil drug in the US opens the path for nothing less than the arrival of a new class of drugs, managing director Silviu Itescu says.
Nine faces its make or break-up moment
The under-pressure broadcaster was prepared to bet big on television and lost. Now it has a fight on its hands to prove it should stay together.
How Trump’s tariffs will disrupt stockmarkets
Hefty new taxes on US imports from various countries was a Trump election platform, but what does it mean for your shares?
LNG developer proposes import fix to initially head off gas shortfall
AP&G LNG has approached the SA government with a proposal which could, at least temporarily, stave off a looming gas shortfall on the nation’s eastern seaboard.
People to watch: 25 South Aussies on the rise in 2025
A dating influencer, next gen politicians and a rapper with a big break, you may not know their names yet but these South Australians are set for big things.
Battle of the asset classes: the investments likely to grow in 2025
Shares surged higher in 2024 and their returns will be tough to repeat in 2025, but other investment opportunities appear attractive.
Whyalla Steelworks’ future: ‘Whole country should be worried’
Peter Malinauskas says the whole country should be worried about Whyalla Steelworks as its future is still on knife-edge, despite some recent positive news.
Thomas Foods beefs up profit thanks to global demand
Global demand for Australian red meat and the reopening of its Murray Bridge abattoir have helped meat processor Thomas Foods International to a record year.
More uni mergers on cards as our educational institutions struggle
Financial pressures on universities, exacerbated by the unsuccessful bid to limit international student numbers, could prompt more merger discussions, KordaMentha says.
Two steps forward, one step back: Sanjeev Gupta’s year to forget
The Whyalla steelworks had a disastrous 2024 and Sanjeev Gupta, who heads up its owner GFG Alliance, has lost the trust of many stakeholders. The question is, what’s next?
Environmental groups welcome the shelving of $2bn wind farm
A massive wind farm project in the state’s South East has been shelved with environmental groups claiming its ‘good news for the whales’.
10,000 rooms: Adelaide’s incredible 11-month record
It’s been a record-breaking year for tourism in South Australia – and with a jam-packed events calendar, it’s easy to see why.
SunRice booms on selling Aussie rice to the world
SunRice is well along the path of cracking more than $2bn and becoming one of Australia’s biggest food exporters – and investors have been piling in.
Sour Christmas food truck theft sparks sweet generosity
A devastated young entrepreneur’s mobile dessert business is out of action after thieves stole all his equipment on Christmas night.
Suppliers hold collective breath over future of AUKUS subs
Uncertainty over the future of the AUKUS pact under the new Trump administration has defence suppliers feeling increasingly sceptical about opportunities from a submarines program.
There’s a lot to be optimistic about in 2025: Citi Australia
Mark Woodruff, the local boss of US banking giant Citi, says market conditions are turning positive for the coming year.
Struggling glove maker lays out path to resurrection
The board of pandemic market darling VIP Gloves has laid out a plan to resurrect the company, which crashed from huge profits to huge losses in a short period.
Mali ‘chooses words carefully’ as cracks show in Whyalla steelworks debacle
Uncertainty remains over when the Whyalla steelworks blast furnace will become fully operational, with Premier Peter Malinauskas appearing uncharacteristically frustrated by the situation.
Struggling game maker takes on onerous loan to stay afloat
Game developer Mighty Kingdom has raised money at an onerous rate to keep the lights on but says it is still working on corporate opportunities which could deliver value.
Goldman Sachs gives Foxtel deal the tick of approval
News Corp will have a stronger earnings profile and be better focused on its digital property growth drivers following the sale of Foxtel to DAZN, Goldman Sachs says.
NextDC-backed cloud provider turns takeover target
An underperforming cloud services provider one third-owned by NextDC has found itself the target of competing takeover bids.
Howzat! Behind DAZN’s quest to become Netflix of sport
The UK sports streaming operator has big plans for the way the world watches sport – and Foxtel is set to become a key part of this.
Sports streamer DAZN buys Foxtel in blockbuster $3.4bn deal
New ownership for subscription giant Foxtel and its hit brands Kayo and BINGE is set to shake up Australia’s media and sport landscape.
Bondi Ponzi scheme promoter avoids jail time
David Sipina, who promoted the fraudulent Courtenay House Ponzi scheme which left creditors owed more than $50m, has avoided jail time after pleading guilty.
Cooper Investors offloads $41m of Incitec stock
Incitec Pivot says it will forge ahead with asset sales next year, while at the same time warning earnings will take a hit from investment in plant.
ANZ’s board ignored a very loud message on bonuses
Qantas, Woolworths and now ANZ have all found out the hard way. On reputation – you go up slowly but come down at high speed.
Catholic hospitals blocked from private insurer boycott
Catholic Health Australia, whose members provide about a third of private hospital care nationally, will not be allowed to emulate Healthscope’s boycott of private health insurers.
Mesoblast turns 10-bagger on FDA approval
The company has received US Food and Drug Administration approval for its drug Ryoncil, in a stunning turnaround from a year ago, when the same drug tanked the share price.
Elders cops second strike over pay
Elders received a second strike against its remuneration report on Thursday, but avoided a spill of the company’s board ahead of a leadership shake-up next year.
It’ll be the end of the vine, say growers, in $20m compo bid
One of Australia’s largest tomato growers say they deserve compensation but the state government says its actions have saved their industry millions.
Insignia knocks back Bain approach
Insignia Financial has rejected Bain Capital’s $2.7bn takeover offer, described by its largest shareholder as “highly opportunistic”.
Circular economy could return billions with the right action
Australia can add $26bn to the economy over the next decade if it embraces circular economy principles, but there’s still plenty of work to do.
The worrying warning sign behind Chalmers’ budget update
The commodity super-cycle is rapidly coming to an end, and Australia’s finances are nowhere near ready for this moment.
Setting the grounds for success: Iconic venture listed for sale
One of SA’s oldest commercial properties, impressively restored after lying derelict for 15 years, is looking for a new owner to continue its transformation into a tourism venue.
Power 100: See how our readers ranked SA’s most influential
Did you agree with The Advertiser’s rankings of the state’s most powerful people in the 2024 Power 100? Now see how our readers voted.
Inside new $70m luxury hotel in Adelaide’s north
Adelaide’s northern suburbs has its first premium hotel following the opening of the Crowne Plaza at Mawson Lakes. See inside.
Legal action considered over SkyCity’s money laundering
A litigation funder is considering bringing a legal action against former SkyCity directors and executives over breaches of money laundering laws at the Adelaide Casino.
Original URL: https://www.adelaidenow.com.au/business/sa-business-journal