Kelsian hunts UK, European acquisitions
Transport group Kelsian is on the hunt for further acquisitions in the UK and Europe after pulling out of the race for a major British bus and rail operator.
Companies
Always looking at the bright side, to investors’ detriment
If underperformance is not enough to prompt a downgrade, it begs the question: what would it take to make ratings firms turn against Magellan?
Harry Triguboff’s plea to lift unit production
Australia’s housing crisis is set to deepen, with a big drop in new apartments in Sydney coming onto the market amid hefty government costs, warns Meriton’s Harry Triguboff.
Capital wave: Hotel traders swoop on prized local gems
Big hotels are changing hands with two Queensland sites about to sell while an inner Sydney hotel is also close, as a tourism recovery beckons.
Covid-19 delivers Sonic Healthcare a $2.4bn bonanza
The pandemic and taxpayer-funded Covid-19 tests has propelled ASX-listed pathology group Sonic Healthcare to deliver record revenue of $9.34bn.
Supermarkets flooded with demands to hike prices
Suppliers are rushing Coles and Woolies with requests for price increases, with some making multiple demands in just months.
Tabcorp pledge to close gap on online bookies
The wagering group said its new app will help win customers off its corporate bookmaker rivals. Its borrowings are low but it may need more money to pay dividends and other expenses.
Seven growth could top 10pc despite volatility
Seven Group has forecast higher earnings growth but warned economic headwinds and a dysfunctional energy market may introduce a new volatility in 2023.
Westfield can ‘absolutely’ still grow market share
Scentre Group results were remarkably bullish about the outlook for Westfield shopping centres even in the face of rising inflation.
Loss-making SiteMinder bets on recovery
The hotel booking group says post-Covid-19 momentum and revenue growth is accelerating, lining up its first post-IPO acquisition to capitalise on the opportunities ahead.
Dire earnings report for cab company A2B
The taxi company formerly known as Cabcharge posted a $27.8m loss and will look to sell over $100m of property assets after shedding staff.
Boral builds in buffer as it awaits housing slump
Boral expects a housing slump to ramp up next year as soaring energy costs mean it will slug building materials customers with the largest price jump in five years.
Endeavour shares slump over spectre of rising bottle shop costs
Despite strong profit growth, Endeavour shares drop 12 per cent as investors fret over slowing bottle shop sales since July.
Ansell retreats from Russia with love, and regret
After 30 years, the company is calling time on its Russian business, saying it’s no longer viable after Moscow invaded Ukraine.
Why this boss called it quits
The board of this $13bn infrastructure giant wants its executives to spend more time on a rapidly-evolving market closer to home.
Ampol powers to record profit
Ampol has defended the fuel security subsidy introduced by the Morrison government after recording its strongest half-year profit ever.
Chinese casino high rollers are not coming back
China’s zero-Covid policy has made it all-but impossible for its high-rollers to visit our casinos and frosty relations between the two countries means they are unlikely to come any time soon.
Reliance profits spring a leak
Profits at the plumbing materials group have bubbled up only 2 per cent, despite a double-digit lift in sales and price rises.
Adbri smashed on ‘soggy and disappointing’ result
Adbri’s first half results have disappointed the market, with investors piling out of the construction materials company.
APA was full of optimism. The walk has been wanting
The shock departure of the gas pipeline giant’s chief executive shows that it is not easy to be a champion leader – especially when your board is not a strong one.
Little-known fish could be our new luxury food
Backed by a string of top chefs, including Heston Blumenthal, this low-impact ASX-listed producer is giving new life to the wagyu of seafood.
Action movies drive Event profits up 43pc
The action flick silver screen revival has seen cinema and hotel operator Event Hospitality & Entertainment record a 43 per cent rise in revenues to $987.8m.
PEP drives into Altus Traffic
The acquisition means the largest full-service traffic management business will go on to purchase a major Victorian provider.
NIB to exit China as ‘experiment’ fails
China’s prolonged Covid-19 lockdowns have ended NIB’s ambitions to sell health insurance in the Asian powerhouse.
APA boss quits as US plans dumped
The boss of APA Group has unexpectedly quit after several large shareholders approached the board, demanding the shutdown of its stalled $4bn North American expansion.
$162.5m writedown leaves Star deep in the red
Ben Heap says whether he will stay on as chairman of Star Entertainment will be a decision for the board that will be made at the appropriate time.
Medibank set to buy third hospital with $250m war chest
After securing a minority stake in East Sydney Private two years ago, Australia’s biggest health insurance provider is in the final stages of acquiring its third hospital.
Presents no more: Gift cards help cost of living pressures
Prezzee says consumers are using digital gift cards to budget, and corporations are using them to help employees pay for work-related costs. It is a big shift in spending patterns.
Can Star’s Mr Fix-it transform the gaming giant?
The casino operator faces plenty of challenges. A Queensland inquiry, a revitalised rival and a CEO yet to arrive. Scott Wharton’s job will be formidable.
Contenders line up at BHP
Brand Ken Mackenzie would like to appoint a female chief to BHP, which partly explains why Geraldine Slattery has jumped into contention as heir apparent after her new appointment.
Original URL: https://www.theaustralian.com.au/business/companies/page/193