Yesterday
Star will have to raise equity, but who will turn up?
The casino operator is operating in the universe of penny dreadfuls. It is out of the ASX 200, shares are illiquid, and sell-side analysts have mostly given up.
This Month
Lex Greensill was ‘dishonest’, IAG alleges in $7b court battle
Greensill Capital’s former insurers, including IAG, are casting blame on Lex Greensill and Credit Suisse as they try to avoid paying out billions of dollars.
Healthscope’s not-for-profit plan to bid for itself
Healthscope’s lenders are weighing up a proposal to restructure the hospital operator into a not-for-profit company which will save $100 million on payroll tax.
BlueScope secures right-of-last refusal for Whyalla Steelworks
BlueScope, which is Australia’s largest steelmaking company and runs the Port Kembla plant in NSW, is already deeply involved in the sale process.
Insolvencies surge in construction and hospitality sectors
Although the figures reflect the pain felt by many businesses, they also show that a growing number of small companies are taking steps to trade out of trouble.
Andrew Roberts paves way for exit from construction with $20m deal
The former Rich Lister will step away from the construction business, which has witnessed the collapse of many builders in recent years.
June
Former tech star’s shareholders ask ASIC to investigate mystery debt
Investors in failed wireless earbud technology company Nuheara are pushing the corporate regulator to probe whether management hid debts before it collapsed.
Healthscope in limbo for up to a year as administrators extend auction
The private hospital operator collapsed last month and administrators have told the Federal Court the process of selling the business could take some time.
Rex limbo to drag on as EY fails to find airline a new owner
The Albanese government said administrators of the collapsed regional carrier would ask the Federal Court to extend the timeline until the end of the year.
Rex bidder plans to return airline to ASX, relocate it to Canberra
But the proposal from Renaissance Infrastructure has been met with a lukewarm reception from administrators and the government, who believe it is too complex.
Lex Greensill decries ‘code of silence’ in $677m SoftBank case
The Australian financier has given evidence for the first time in a court case brought by Credit Suisse over the collapse of his trade finance firm.
Lex Greensill ‘slippery and prone to lying’, court told
A former SoftBank executive disclosed the comment in a lawsuit brought by Credit Suisse fund after the collapse of Greensill Capital.
StrongRoom AI sale takes a twist after liquidation order
StrongRoom AI will be liquidated, but its fate is still uncertain after an 11th-hour bid for the assets of the controversial pharmaceutical start-up was lodged.
SA rules out taking equity stake in Whyalla steelworks
Treasurer Stephen Mullighan has made a $384 million provision in the budget because the sale process for the business is taking longer than expected.
Creditors divided as StrongRoom sale D-day arrives
The fate of the disgraced pharmaceutical software start-up rests on the outcome of a high-stakes meeting on Thursday.
Adgemis pays out workers in hope of reviving collapsed pubs empire
The former KPMG deal maker has been working on regaining control of five Sydney venues that were once part of his failed Public Hospitality hotels business.
May
Canadian billionaire latest saviour of fallen Aussie tech pioneer
The 43-year-old company behind Australia’s first dial-up modem has been saved again, this time by steel magnate Clayton Zekelman.
Healthscope’s terminal prognosis could be just the start
Another eight private hospitals are earmarked for closure as the operator’s collapse raises questions about the business model.
Di Pilla grants Healthscope rent relief to keep hospitals open
The owner of 11 Healthscope hospitals says it has had expressions of interest for alternative operators.
The five Healthscope hospitals under the microscope
Sydney’s Prince of Wales and Melbourne’s Knox Private are among the best performing hospitals while Hobart Private and Darwin Private are strategically important.