Rio Tinto closes in on $10bn lithium mega-deal
Arcadium Lithium shareholders have voted in favour of the all-cash takeover, but hurdles around its Chinese significant shareholder remain.
Victoria Business
ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
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.
Whistleblower win awarded to Super Retail
Super Retail has won the first major court battle against its two former most senior female executives turned whistleblowers, but the war is still to come.
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.
Expert stock pickers reveal their end-of-year tips
It’s been a rocky December for investors so we asked four expert stock pickers what they would buy, sell and hold to get their portfolios into shape.
Households set to spend again as cost of living eases
Consumers are tipped to reopen their wallets for big-ticket discretionary purchases in 2025, according to research by global payment card services provider Mastercard.
Bunnings ramps up same-day delivery service
Hardware giant Bunnings is using Uber Direct to introduce same-day parcel delivery from selected regional stores across Australia just in time for Christmas and the holiday season.
AI start-up saving firms money by changing the message
Sydney start-up Traffyk says its AI-powered platform has saved a big four consulting firm more than $100m a year by eradicating productivity-sapping employee communications.
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More lithium M&As on the cards in 2025
Research firm Allens says more M&A activity is expected in 2025, confirming lithium’s positive long-term outlook.
ASX up, Avita soars, St Barbara slumps
ASX keeps the rally going on Christmas Eve as Avita jumps, St Barbara tanks. Meanwhile Bitcoin dips but ‘altcoins’ get some love.
Arcadium goes to Rio, Burley kicks iron ore goals
Arcadium shareholders approve $10 billion takeover by Rio Tinto, with the mining giant hoping to secure its lithium prize by mid-2025.
End of an era: McCrann’s snapshot of 46 years
It’s the end of an era as legendary business columnist Terry McCrann looks back at the past 46 years as he signs off on his last regular column.
Banducci leaves Woolies in top shape
Brad Banducci should feel pretty satisfied with the latest result at Woolies – his final mark on a stellar turnaround at Australia’s biggest supermarket group.
BHP profit all about China
BHP and its multi-billion profits are still all based on China. Today it’s iron ore tomorrow it will be copper.
Barefoot Investor: ‘How I took on the fake Scott Pape scammers’
Barefoot Investor tried to uncover Facebook’s fake Scott Pape scammers but it all descended into chaos with his wife away, the kids sick and German backpackers running his farm.
Unit owner’s shocking $210k loss over 10 years
Not everyone is making a killing on property says Scott Pape, noting some inner city suburbs are struggling with one seller having to cut $210k off the price they paid 10 years ago.
Scott Pape’s top three Christmas gift ideas
Barefoot Investor Scott Pape says the best Christmas gifts tell people that they’re smart. Here’s what he recommends this year.
More Business
New rights for travellers hit with flight delays, lost baggage
Airlines will face penalties for losing passengers’ bags or failing to provide refunds under Australia’s first aviation customer rights charter to be introduced in the New Year.
Five enduring lessons for business going into 2025
Sometimes good, but more often bad, Australian business is never short of generating hard-won lessons. The past year delivered plenty. Will we ever learn?
Energy and resource exports set to tumble in grim outlook
The value of Australian energy and resource exports will tumble, heightening pressure on the country’s $2.5 trillion economy and darkening Labor’s election prospects.
ANZ shareholder anger leads to first strike
ANZ CEO Shayne Elliott has withdrawn an attempt to secure a bonus from shareholders in an attempt to avoid a blow-up at the lending major’s AGM.
Super funds now control 30pc of Aussie banks
Flows from superannuation net buying have heavily influenced share performance and arguably pushed valuations to extremes, says Morgan Stanley.
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.
Mobile Tyre Shop hopes to raise $6m as demand for EVs revs up
Growing demand for electric vehicles, which wear out tyres more than internal combustion engine cars, is set to bode well for Mobile Tyre Shop as it targets a $6m pre-IPO raise.
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.
Micro-caps struggle to raise money before year-end cut off
It’s been a tough year for micro-cap stocks and for many the window has now closed to raise money before Christmas, leaving them high and dry until February.
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.
Transurban slugged over ‘unjust fees’
The country’s biggest toll road operator will be forced to stump up millions of dollars after it ‘unjustly’ skimmed extra fees off ConnectEast.
Canada clears Paladin’s $1.5bn uranium takeover
The acquisition of Fission Uranium will be subject to strict conditions aimed at preventing Chinese influence.
Government help for Rex extends to dedicated taskforce
The government’s support for Rex now includes a secretive task force of highly paid public servants, with the sole aim of keeping the carrier going.
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.
Push to change air traffic priorities
Airports are pressing for changes to an air traffic control rule forcing long-haul international flights to divert rather than being allowed to land ahead of other services.
Original URL: https://www.heraldsun.com.au/business/victoria-business