As head of an unlisted public company, Mr Escalante has some unruly shareholders to appease who are looking for a payday. The $5.05 a share offered to Virtual Gaming Worlds investors has got an independent expert’s recommendation.
For years, big investors have been calling out the rising influence of geopolitics on shares. The problem is no one knows how to quantify this.
Data scientist Shaowei Ying thinks like a policymaker, builds like an entrepreneur and his path to leadership has been shaped by military training. And he has a warning about AI’s growth.
Tycoon James Packer’s property empire is expanding and his latest acquisition comes as a popular gourmet supermarket in a swanky part of Melbourne shuts down.
A halt to trading in Bowen Coking’s shares will continue while it attempts to secure ongoing finance as depressed coal prices and a punishing royalty scheme hit hard.
Freight giant Aurizon expects to take a hit to its profit this year as it moves fewer shipments of coal in Queensland and chases significant debts from customers.
US equity and property investor Blackstone wants to play a greater role in helping alleviate Australia’s housing crisis.
Two decades after listing, Charter Hall has grown its real estate funds business to about $70bn and launched a plethora of listed and unlisted vehicles. Its CEO explains the recipe for success.
Star chairman Anne Ward might as well have been running a creditors’ meeting, with shareholders being asked to take an almighty punt on an uncertain rescue.
Treasury Wine Estates is facing a series of challenges in the US and around the world as wine consumption slows and its rock star Penfolds label expects an earnings decline, analysts warn.
The gaming group’s shareholders have overwhelmingly approved a $300m rescue deal led by US-based casino operator Bally’s after being warned it was the only deal on the table.
Gina Rinehart urges Australians to stand up to ‘truth twisters, truth hiders and truth avoiders’ on net zero.
NSW Treasurer Daniel Mookhey has taken a small but significant step which will help the whole nation confront its productivity crisis.
A famed name is heading out of the building industry after pledging $20m to pay staff and make them whole following the collapse of his building company, Roberts Co.
Treasury Wine says its rock star wine label Penfolds will have a marked slowdown in earnings. But don’t expect to see the iconic red caps in the bargain bin.
Market turmoil be damned. Virgin is determined to push ahead with the year’s biggest stockmarket listing.
Bluey, one of Australia’s hottest exports, was born from video games and now its creator is partnering with another game, Fruit Ninja, for a family friendly twist on the global phenomenon.
Franklin Global Growth Fund’s Patrick McKeegan foresees promising signs for stock pickers as the market breadth widens beyond the tech giants.
The boss of PNG’s national petroleum company says Abu Dhabi must commit to develop the $US18bn Papua LNG project should it buy Santos.
Expect more upheaval to come at ANZ following the exit of the one-time Google Australia boss. A new CEO is in town and on a mission to lift the perennial number four bank.
The historic Sydney estate Elaine is being carved up for sale by developers starting at $50m apiece. Here’s who is behind the radical plan after the property was bought for $130m from Scott Farquhar, who never lived in the crumbling residence.
WiseTech’s boardroom upheaval has continued with two of its longest serving directors, Charles Gibbon and Michael Gregg, walking out the door of the logistics software titan.
Only five ASX 200 chiefs didn’t get a bonus, the highest paid was a minnow and pay packets like Greg Goodman’s $135m and Chris Ellison’s $15m mean top CEOs now earn 55 times the average worker | SEE THE LIST
The latest local acquisition by design-at-scale unicorn Canva aims to beef up its products for the lucrative enterprise market.
The Skytrax World Airline Awards have been revealed at the Paris Air Show. Where did Qantas land?
Billionaire Alex Waislitz and his partner Rebecca Behbahani were arrested in 2023 — but not charged — it can be revealed, amid an ongoing family feud.
Japanese entertainment giant MIXI has been battling Betr for control of PointsBet. It may have found supporters of the bid in Stake.com owners Ed Craven and Bijan Tehrani.
They can’t be serious. The Santos board rushing to sell Australia’s energy future at an uninspiring price is short-termism at its best. This will be lucky to pass the national interest test.
Private equity-backed Amart will buy Freedom Furniture from Greenlit Brands to create a $1bn home furnishings retailer.
The increasingly heated NSW Supreme Court stoush between the Illawarra Hawks’ Jared Novelly and NBL owner Larry Kestelman has been joined by another top-flight basketball team.
Original URL: https://www.theaustralian.com.au/business/companies