Why Transurban is in drivers’ seat over toll reform
Road users have been left behind as governments rush to secure big-ticket infrastructure deals. That’s where real reform needs to start.
Victoria Business
Motoring fans’ heaven where $1m won’t buy much
Take a look inside Melbourne’s GG Classic Cars, Australia’s only million-dollar dealership, where $1m in many cases might only buy half a machine.
Romance scammer leaves mum $240k out of pocket
Financial scams are more common than ever, but how do you get yourself out of that situation and keep your self respect?
Dimerix to fast track kidney drug trial after passing milestone
Managing director Nina Webster says early clinical trial results for their kidney drug are probably the biggest news in the company’s history.
Why this fundie is looking past the Magnificent Seven
For this New York-based Aussie fund manager there’s still some good US stocks around, even after Wall Street’s extraordinary run.
Prepare to repel boarders … or not
There’s no shortage of raiders in the ASX, with invaders lining up to complete mergers and acquisitions. Tim Boreham looks at prospective targets.
Melbourne River Cruises on market for $15m
The owners of Melbourne River Cruises who founded the business in the 1980s, are selling it just as tourism grows in the city that was heavily affected by Covid-19.
PwC misses its moment to make real change
It’s a case of more of the same, with the same partners still calling the shots at the firm that by its own admission suffered repeated failures of leadership.
Two time bombs ticking away
There were two explosive time bombs ticking away in the detail of the GDP numbers, and they threaten to put the RBA in an impossible position.
Business needs to plan for President Trump 2.0
Donald Trump’s Super Tuesday sweep puts him a big step closer to the White House. Boards need to start taking him seriously.
It’s official – things are crook
The latest GDP figures paint a picture of an economy that is sick, seriously sick. And if you look deeper, the problems are even worse than they seem.
Another recession escape act, but millions still feel pain
Our economy is just keeping its head above water, and weakness in new GDP numbers suggests interest rate cuts could come soon.
Harsher penalties to stamp out reckless level crossing behaviour
Pacific National boss Paul Scurrah says harsh penalties and a national campaign is needed to change behaviour around level crossings following the death of two drivers on New Year’s Eve.
Industry super is betting big on the Magnificent Seven
The retirement savings of millions of Australians are now firmly leveraged to the future of artificial intelligence.
Wind farm licence ‘winners’ lining up
Local and international heavyweights have been preliminarily awarded a development licence for an energy source which Victoria has earmarked as critical to transition away from coal.
Tech giants’ share price boom: how to find the next Nvidia
The AI revolution has propelled US tech company shares into the stratosphere, and investors are searching for the next big winner.
Healius debt covenant warning preceded CEO’s departure
Healius’s pathology division needed to improve its profitability to avoid breaching its debt covenants, analysts said just days before it announced a strategic review and the resignation of its CEO.
Smashing NBN success story
The NBN plan to quintuple broadband speeds is a further validation of the Abbott government’s ditching of Kevin Rudd’s all-fibre fantasy.
Whisky maker’s last ditch bid for survival
UK turnaround specialist Hilco Capital is backing a revival of Victorian whisky maker Ostra Distillers, bankrolling a rescue plan to avoid liquidation.
Downer says KPMG red-flagged contract at heart of class action
Downer EDI says its auditor KPMG flagged the contract at the heart of a pending class action as problematic, then failed to properly examine it.
Downer’s dramatic KPMG legal bid to test auditor limits
There’s much more at stake in how auditors do business as the engineering firm accuses KPMG of dropping the ball on a invoicing scandal.
It’s time to smash social media
Facebook, Google and other ‘big tech’ must be made to operate in accordance with the same laws that every other company and Australian adult has to.
Downer blames KPMG for shareholder class action
KPMG will cease acting as Downer EDI’s auditor after the utilities company lodged a third party claim against the firm, arguing it is also liable in class action proceedings.
Are Australians still working from home?
A union is fighting for work from home provisions to be enshrined in workers’ contracts. Here’s how WFH currently looks across the country.
Go regional: Barefoot Investor’s advice as cost of living bites
Readers inundated Barefoot with support after he called out the health insurance sector for being unaffordable and confusing. But this week, teachers get schooled.
$2bn in retirement living projects stymied by red tape
Will a boom in retirement villages help solve the housing crisis? Levande boss Kevin McCoy says yes – but onerous planning regimes and charges are creating major delays.
Ampol shrugs off hip pocket pain
Ampol’s Lytton refinery was hit by two costly outages in 2023, but stronger fuel and in-store sales have helped the company to another year of record earnings.
Crunch time: Suncorp prepares to bank its Plan B
A negative ruling for its efforts to sell its $4.9bn lender to ANZ has bigger implications beyond Suncorp’s immediate future.
Ex-Nearmap boss gives Spacetalk a new lease on life
Spacetalk boss Simon Crowther is not interested in heading up a micro-cap stock, which is why he’s determined to transform the company he’s led for just over a year.
‘Unsexy’ business the best way to make money
I want to talk to you about what I genuinely believe is the opportunity of a lifetime. No, it’s not becoming an AI expert or influencer.
Neuren dives after short attack on its flagship drug
Neuren Pharmaceuticals has issued a cautious rebuttal to a short seller’s claims its flagship Rett Syndrome treatment Daybue is a “total flop’’.
Cleanaway’s bid to keep hold of workers
Cleanaway is investing in culture and training at sites across the country in a bid to combat high worker turnover rates that are crimping productivity.
Biggest domino to fall as BHP confronts its nickel demons
High costs, then heavy losses and now mothballing. It’s all just delaying the mining giant’s inevitable exit from the heavy metal.
Origin forecasts energy bill relief
Australian households and businesses will see a moderation in electricity bills from July 1, the country’s largest energy retailer says, but investors should brace for leaner times in 2025.
Hutchy’s loyal radio producer axed
A loyal SEN radio producer has been let go in a string of staff cuts, while some station staff were in Las Vegas for the Super Bowl.
Wesfarmers caught in lithium crash
Wesfarmers’ Covalent lithium project won’t make money this year, but the company remains confident the battery mineral is a good long term bet.
Telstra’s Vicki Brady is facing a $500m test
There’s a lot that needs to go right for the telco boss, who has her work cut out to meet promised cost targets.
Days, even weeks before power fully restored
AGL says Victoria’s largest coal-fired power station will resume operating today, although tens of thousands may have to wait weeks for power to be fully restored.
Big messages in CBA’s figures
The Commonwealth Bank result is the most comprehensive and most up-to-date microcosm of Australians and Australia overall.
Why were so many Victorians left without power and when will the lights come back on
With thousands of homes and businesses still without power and the AusNet outage site ‘overwhelmed’ with demand for answers, here’s what happened.
CBA not ready to give up its ‘perfection’ profit crown
The lending major is finding it tougher to meet lofty expectations, but CEO Matt Comyn says he knows what investors really want.
More than 250,000 without power amid Victorian outage
AGL Energy will restore full operations at its Loy Yang coal power station within 24 hours, however many Victorians could be left without power for ‘days, if not weeks’.
NAB’s CEO needs to delay his military call-up
The banking boss plans to join the board of UK laser defence and weapons play Qinetiq. He should finish up his current job first.
Why tax, IR changes will hit middle Australia
The government’s tax and industrial relations changes are going to hit the group of Australians they are supposed to be directly helping. Here’s how.
Commodities crash coming in fast at Macquarie
The exit of the bank’s commodities powerhouse and leadership contender Nick O’Kane marks another shift at Macquarie.
ATO officials probed over links to $2bn GST fraud
Around 150 ATO officials have been investigated over their links to a massive $2bn GST fraud which was promoted on social media platform TikTok.
Australia’s top seven businesses revealed
A sportwear business with A-list clients, and a female owned infant formula company are among the top seven Aussie small and medium businesses leading the way across the country. See the full list of winners.
CSL will still bet on blockbuster drugs
There were high hopes for a wonder drug being developed by CSL which failed. The pharma giant is still taking the win from the loss.
CSL posts ‘strong’ result as plasma division delivers
An ‘exceptional’ performance from its plasma division has underpinned an uplift in first half profit with CSL reaffirming its full year growth outlook.
JB Hi-Fi passes the vibe test
JB Hi-Fi reported a most uncharacteristic fall in sales and a quite thumping fall in profit; and investors promptly sent the share price rocketing to an all-time high.
Original URL: https://www.dailytelegraph.com.au/business/victoria-business/page/11