Yesterday
- Exclusive
- Managed funds
Ed Peter’s Duxton empire in pain as it cuts jobs, sells properties
The former bank executive has built a considerable asset management business with wealthy backers. But tough times have forced it to restructure – and shrink.
SPC heads back to the ASX for the first time in two decades
The century-old agribusiness group which began life as a farmer co-operative is merging with listed Original Juice Co and expanding into dairy products.
September
Investors in Vik Bansal’s biogas side hustle are up 85pc
The Boral CEO is also chairman of ASX-listed biogas group LGI, which has 32 waste landfill sites and supplies electricity into the grid when returns are highest.
Gourmet grocer The Essential Ingredient falls into administration
The high-end retailer, which has three stores and a big online operation, failed to recover from a difficult trading period during the COVID-19 pandemic.
BlueScope sounded out as Whyalla steelworks rescuer
Sanjeev Gupta’s empire is showing further signs of distress as creditor defaults tick up against his other businesses in Australia, InfraBuild and Tahmoor coal.
Premier Investments delays Smiggle spin-off
Almost $500 million in market value vanished from Solomon Lew’s retail group on its soft trading update on Wednesday.
Federal government warned of Chinese EV software security risk
The federal government is being warned that a timid approach to risks from Chinese vehicle software could undermine national security.
Tanarra Capital says at $835m the price is right for Healius
Shares in the pathology company jumped 7.5 per cent after it achieved a robust price for Lumus, which does MRI, X-rays and CT scans.
Cheese and milk producer Beston goes bust as Japanese suitor walks
The company behind the Edwards Crossing Cheese Company and Mables brands has called in administrators, owing more than $55 million to National Australia Bank.
Fletcher warns of construction slump as it pursues $641m raising
The building materials giant says it expects volumes to slide by as much as 15 per cent this financial year, and the Auckland-based company will cut more costs.
Yoghurt sales close on fresh milk amid health kick, helping Bega
The country’s largest producer added $700 million to its market capitalisation this year, as new high-protein and low-sugar products send sales soaring.
- Exclusive
- Mergers & acquisitions
John Wylie’s Tanarra urges Healius to halt $700m imaging business sale
The country’s second-largest pathology group has been considering selling its Lumus division. But the outspoken investor says it’s going too well to offload.
GFG Alliance’s bills mount as the Whyalla Steelworks begins to strain
The South Australian government says it is important not to “create a panic” even as some suppliers to the Sanjeev Gupta-run business lodge default notices.
Seven times unlucky beer creditor backs ATO workers’ push for change
When small companies go bust, unsecured creditors end up with very little. A beer can company and the ATO union are unlikely allies in a push to overhaul insolvencies.
The Sydney-born astronaut who learnt Russian in eight weeks
Katherine Bennell-Pegg is the first person to train and qualify as an international astronaut under the Australian flag. She’s doing it all for her late mum.
ATO labels Mighty Craft payout a ‘token’
The Tax Office wanted administrators of collapsed drinks group Mighty Craft to pursue a better deal than one where unsecured creditors get less than 1¢ in the dollar.
The stoush over Solomon Lew’s Premier Investments gets dirty
For decades, the billionaire has been the king of retailing in Australia. But a carefully leaked document shows not all is well in his sprawling empire.
ARB jumps after buying Hoonigan’s 4 Wheel Parts
The Australian 4WD parts specialist is buying into retail group 4 Wheel Parts, which caters to Ford F-150 and Jeep Wrangler enthusiasts.
Pacific Smiles CEO exits after just eight months and failed takeover
Co-founder and large shareholder says July trade was strong in part because some dentists cut back on the usual skiing holidays and worked instead.
Athlete star power drives 600pc rise in undies company’s share price
Step One, a bamboo underwear producer for “bigger blokes”, had a difficult start on the ASX, but a new women’s fitness range has reversed the slump.