Major shareholder questions Cottee’s departure
A FEW questions are being asked about the departure of well-known mining executive Richard Cottee as chief executive of Brisbane gas company Central Petroleum.
City Beat
D-Day approaches for subbies caught in builder collapse
CREDITORS of a failed Brisbane building company, owed about $5 million, have been told by an insolvency firm that there are a range of options on the table for the future of the 44-year-old firm.
Legal eagle Vassallo has a heart
GLENN “Lawyer with a Heart” Vassallo has been running the legal ruler over a number of top deals around the city, including a recent investment in the Trevor St Baker’s backed Tritium.
Pigs and drones add up to record year for convention centre
WE hear the Brisbane Convention and Exhibition Centre is experiencing a record financial year so far, leaving no doubts Brizvegas is now in the meetings big league.
Book supplier EDSCO vows to correct delivery issues
NERVOUS parents around Brisbane are hoping there is no repeat of the textbook debacle of 2018 next year.
Who knew fruit and veg made you this rich
SELLING fruit and veg used to be a working class pursuit, but down at the markets all the talk is about who has the bigger mansion.
Never the Twain for stock punter
THE daily market commentary from veteran Bell Potter stockbroker Stu Smith, 81, is a must read for anyone wanting to know the vagaries of the market.
Wagner lures the Flying Kangaroo
JOHN Wagner beat off competition from 60 other regional airports to attract the Flying Kangaroo to Wellcamp.
Blue Sky’s curious new appointment
THE listed fund of troubled Blue Sky has made a couple of curious moves, announcing a new director with links to the watchdog probing the company’s financials and abandoning Brisbane for its upcoming AGM.
Nod to past in shopping centre upgrade
WHEN this Brisbane shopping centre was built, a young lady could get a haircut for $9.99 and a cup of coffee with scones for under a buck. A home nearby cost $28,000. After almost 45 years, it’s getting a $40m revamp, and there’ll be a bit of history in the new design.
Is this $12m car park a lemon?
THIS Brisbane institution opened a swank new multi-level car park earlier this year – but questions are now being asked about whether shareholders’ are getting value for money from the $12m investment.
Traveller cries fowl over plane fare
ONE air traveller took it into her own own hands to ensure she got a decent feed once she got onboard last week. Was it fowl play or a protest at poor airline food?
Translation company in $21m IPO
Straker Translations hopes to raise $21.2 million to fund its growth in a fast-expanding global industry estimated to be worth $US43 billion last year
$100m hotel opens on James St
THE doors opened on Thursday for the first day of trading at the brand new Calile Hotel on James Street.
Brisbane exec engaged in ‘phoenix activity’
AN executive working for a multinational company based in Brisbane is facing allegations he engaged in “illegal phoenix activity’’ at a now-failed firm he owned two years ago.
How ASIC probed developer’s fraud allegations
A VERY detailed account of an alleged corporate fraud at a Brisbane property developer was forwarded to ASIC earlier this year, and now the corporate cop has released its findings.
Brisbane businessman’s amazing 70kg weight loss
A WELL-KNOWN Brisbane business identity is a shadow of his former self after successfully losing an amazing 70kg in less than a year. Here’s how he did it.
Liquidator faces fraud charges
A FORMER Brisbane liquidator faces up to 20 years behind bars if convicted of charges he embezzled $800,000.
Company’s 11th hour bid to stop collapse
TEETERING on the brink of failure, a Brisbane junior resources player has made a desperate 11th hour play to save itself by acquiring an aspiring gold and copper miner.
Boss’s splurge boosts Queen’s Wharf stake
THE man overseeing Brisbane’s epic $3 billion Queen’s Wharf project has just got a whole lot more skin in the game.
‘Not realistic or rational’: Lawyer’s blast
REPRESENTING more than 6000 victims in one of Australia’s biggest ever class actions, this lawyer has the State Government in her sights – and her latest criticism doesn’t miss.
Brisbane broker rolls the dice
In a dramatic and unusual career shift, Zac Lazarac cashed in his chips at Wilsons stockbroking in June and is now focused on opening a coffee roaster and café in Newstead.
Struggling mining companies join forces
TWO Brisbane mining minnows have announced plans to merge in a bid to improve their odds of survival, after recently reporting multimillion-dollar losses.
Who’ll fill Baxter’s shoes in state role?
AS high-profile businessman Steve Baxter prepares to step down from the role, the guessing game has begun over who will replace him – observers suggest a Queenslander now living overseas.
Q bar launches at Stokehouse
Frank Van Haandel is jetting in from Melbourne to preside at the launch party for his revamped bar, rebadged as Q, after a $1 million facelift.
Howard Stack unplugs at Redflow
Howard Stack has left battery maker Redflow after six years, citing “competing priorities’’ for the surprise move.
Is Steve Baxter a ‘sexist pig’?
QUEENSLAND’S chief entrepreneur, Steve Baxter, has defended his comments to a Shark Tank contestant after being labelled a ‘sexist pig’ by fellow shark Glen Richards.
Staff in revolt over job moves
THERE’S been a spot of aggro inside on State Government body this month, prompting staff to launch what’s believed to be their first ever union action.
Tow.com.au crash effects to linger
THE events which precipitated the demise of Brisbane-based Tow.com.au at the weekend are likely to continue festering for quite a while.
JETGO debts likely to be sky-high
BRISBANE-BASED regional airline JETGO, which is currently in voluntary administration, may owe a whopping $32 million to various creditors.
Pixmoto gets a taste for food retail
QUEENSLAND startup Pixmoto has its sights set on getting a foothold in the lucrative food retailing market.
Bosses shiver for a good cause
ASSORTED executive types bunked down at the Brisbane Powerhouse at New Farm on Thursday night for the annual Vinnies CEO Sleepout.
Pivoting from childcare to beer
SOME say children can drive you to drink … but for businessman Shaun Lockwood the move from childcare to the brewing industry is all about seeing – and seizing — an opportunity.
Bounty Mining lists at premium
In another sign of the rebounding fortunes of the resources sector, coal miner Bounty Mining lists on the ASX at a premium.
Big donation by CEO Sleepout no show
The Brisbane energy titan who has made the biggest single donation to the Vinnies CEO Sleepout fundraiser this week won’t actually be sleeping rough.
Anthony Pratt echoes Spider-Man
WAS Australia’s richest man channelling his inner-Spider-Man at the QCF Philanthropist of the Year awards in Brisbane?
New low for Blue Sky but optimism remains
THINGS seem to be going from bad to worse for Blue Sky, with a further slide seeing shares close at a fresh four-year low. But not everyone is so dark on the company’s future.
Soils ain’t soils in the garden game
A BRISBANE landscaping supplies group has developed a new soil blend which it hopes will grow into a thriving business generating more than one million in annual sales.
Chinese still thirsty for Aussie wine
SIRROMET Wines is continuing to sell a lot of wine to China despite increasingly chilly relations between Canberra and Beijing.
Cashed-up campers shell out
CARAVANNING Queensland boss Ron Chapman says an estimated $55 million was shelled out at the 50th annual Caravan, Camping and Touring Supershow.
Lang Walker tweaks controversial Cleveland project
Rich Lister Lang Walker must be hoping it will be third time lucky for his stalled, controversial $1.4 billion waterfront makeover at Cleveland.
Brisbane firm faces $131m lawsuit
A CONTROVERSIAL energy player has filed a $US100 million-plus damages claim in a US court aimed squarely at the team behind Brisbane resources outfit Qteq.
End in sight to towing stoush
IN what would be welcome news for dozens of people owed about $500,000 from Tow.com.au, we could be about to see a resolution of its long-running dispute with subcontractors.
McIvor returns with new financier
THE corporate cop permanently banned Mark McIvor from providing financial services back in 2015 but that hasn’t stopped the “finance futurist’’ from launching a new business.
Vesey chases the big bucks
AGL boss Andy Vesey revealed yesterday that he took his first job at a power company 40 years ago because it was $500 more than what the US Navy was paying to become a submariner.
Miners make beeline to Noosa
ABOUT 1000 mining types will descend on Noosa in July for the 8th annual Noosa Mining and Exploration Investor Conference, dubbed the “Diggers and Dealers of the East.”
Gidget camper creditors have reason to cry
THE news just gets worse for creditors of failed caravan manufacturer Gidget Retro Teardrop Camper. Liquidators says they are unlikely to see one cent.
JetGo hits financial turbulence
WE hope the old joke that to make a million bucks from an airline you start with $10 million doesn’t apply to Brisbane regional carrier JetGo.
State power play heats up
COMPETITION is certainly heating up in the local electricity market, with power retailers pulling out all stops to keep their existing customers.
Ex-planner faces 12-year jail term
A DISGRACED Brisbane financial planner faces up to 12 years behind bars after the corporate cop charged him yesterday with ripping off about $5.9 million from investors.
Original URL: https://www.couriermail.com.au/business/citybeat/page/29