The Chemist Warehouse founders were back in suburban Melbourne to vote in its huge merger with ASX-listed Sigma. The celebrations were a typically low-key setting for some of Australia’s richest entrepreneurs.
The founders of the retail juggernaut have got bigger by sticking close to their market. Now Chemist Warehouse faces the ultimate test.
Australian winemakers are sitting on a glut of mainly red but the reopening of the post-tariff Chinese market has helped ease the pressure by lifting exports 34 per cent in 2024.
There’s no reason Chemist Warehouse’s strong growth won’t continue, the Sigma Healthcare chair says, as the $34bn merger of the two companies passes a crucial vote.
Two childhood friends who reached out to each other during the worst of the Covid-19 pandemic are revolutionising the recruitment industry and their next goal is the giant US market.
Troubled casino group Star Entertainment says it has sold its Sydney event centre for $60m as it attempts to rake in enough cash to avoid a financial collapse.
Underlying inflation hits lowest number since early 2021. Rate cut expectations brought forward. Aussie shares a sea of green after US rebound. Sigma in trading halt pending shareholder meetings over Chemist Warehouse merger.
Australia’s most powerful super funds appear to be laying the groundwork to potentially back track on their climate stated targets.
Red Hawk Mining managing director Steven Michael wants shareholders to accept Fortescue’s initial $1.05-per-share offer which will rise if it secures at least 75 per cent of the company.
The arrival of a Chinese challenger to the dominance of AI pioneer ChatGPT and its chip suppliers is the wake-up call the US tech titans needed.
A highly profitable business, ANZ is now faced with having to restaff its Singapore-based credit trading business after an en-masse walk out of staff after Standard Chartered poached traders.
Mystery surrounds the immediate exit of Tanya Barden as chief of the Australian Food and Grocery Council, leaving the peak body representing supermarket suppliers without a leader.
Markets are grappling with the potential ramifications of China’s DeepSeek breakthrough but the initial response of fund managers and analysts has been surprisingly constructive.
The wealthy Sydney-based Oatley winemaking family has decided its Craigmoor Winery Estate at Mudgee in NSW is not core to its business operations.
After years of trailing Victoria and Queensland, the NSW build-to-rent investment market is taking off, a report by Knight Frank’s Australia says.
Emirates hasn’t put its airfares on sale since 2017 and has no plan to, as demand for travel shows no sign of cooling.
Experts say China’s answer to ChatGPT has taught the world the US isn’t the only country capable of developing AI at scale and may pave the way for an AI revolution.
The retailer has reported rampaging sales figures, just a day before Sigma Healthcare shareholders are due to vote on a multi-billion dollar merger with the pharmacy retailer.
Local tech stocks with exposure to AI and data centres have fallen as much as 20 per cent as China’s answer to ChatGPT causes deep unease across the market.
The logistics giant will pour $400m into doubling rail capacity at Port Botany, with its local boss saying it will lift productivity and help workers generate greater value after a bitter pay dispute.
Original URL: https://www.theaustralian.com.au/business/companies/page/3