Margin call ‘cost Groves $77m’
WARRING ABC Learning co-founders Eddy and Le Neve Groves pocketed less than $1 million after a margin call forced them to dump shares, a document filed in the Supreme Court reveals.
WARRING ABC Learning co-founders Eddy and Le Neve Groves pocketed less than $1 million after a margin call forced them to dump shares, a document filed in the Supreme Court reveals.
GOVERNMENT agencies are monitoring childcare staffing at ABC Learning Centres after ABC told the Queensland Supreme Court that relief staff did not turn up to work yesterday.
CHILDCARE giant ABC Learning Centres and its staffing agency 123 Careers will battle for control over 8000 staff in Queensland’s Supreme Court tomorrow.
THE consumer watchdog has asked hardware stores to test imported building materials for the carcinogenic chemical formaldehyde.
INVESTORS in cash management trusts remained in limbo last night after the Rudd Government’s bid to end confusion over its guarantees.
AUSTRALIA is a nation of social climbers, a new OECD report shows.
EDDY Groves still harbours hopes of buying back into ABC Learning, the crashed childcare conglomerate he founded in Brisbane 20 years ago.
KEVIN Rudd has welcomed the Reserve Bank’s interest rate cut and called on banks to pass on as much as possible to borrowers.
THE Productivity Commission’s draft report recommends 18 weeks of taxpayer-funded maternity leave paid at the adult minimum wage, currently $543.78 a week. In addition, fathers would be given two weeks of “use it or lose it” paid leave.
NATHAN Tinkler’s schoolmates tipped a bright future for him as a sparky.
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