GFG strikes deal with global creditors
Sanjeev Gupta’s GFG Alliance will sell all or part of the Tahmoor coal mine for about $800m with the money to flow to creditors of the Whyalla steelworks, and is about to settle its global debts.
Victoria Business
Cochlear calls for tax reform to be election battleground
Cochlear chief executive Dig Howitt says tax reform and measures to boost productivity should be an election issue, as his company took a hit from cost of living pressures in the US.
‘I’ve chained myself to my desk’: pharmacy king’s powerhouse plans
Chemist Warehouse co-founder Mario Verrocchi has urged franchisees to ‘stick around’ for five more years under the newly-minted merged firm.
Bigger the better: Batteries giving Origin life after coal
With a brutal bidding war now a distant memory, Origin Energy boss Frank Calabria is opting for an unconventional path in the race to build out clean energy.
More Stories
China-linked directors to dominate board of lithium firm
Global Lithium’s chair is walking away after repeatedly calling on Australian regulators to intervene and block a group of allegedly ‘associated’ investors from gaining control of the board.
‘Basket case’: Victoria has highest rate of businesses going bust
Victoria has been described as an “economic basket case” as data shows 4.4 per cent of all businesses shut their doors for good last year – the highest of any state.
‘Green shoots’: CBA shows we’ve finally hit a turning point
The banking giant is the closest thing Australia has to a real-time measure of the economy. And big investors are now betting on an important shift coming.
Why claims China controls Aus aluminium sector are wrong
Assertions from a senior Trump spokesman on trade claiming Australia’s aluminium sector is controlled by China is factually wrong, while our share of the US market is modest.
Shahin heir buys in with big stake in health venture
The member of Adelaide’s billionaire Shahin family has taken a significant stake in a new firm.
Ramsay’s UK mental health business to hit profit
The health care company won’t grow profits this year, after a weaker than expected performance from its Elysium mental health business in the UK.
Sanjeev Gupta says ‘meaningful progress’ being made at Whyalla
GFG Alliance boss Sanjeev Gupta says his company has an ‘unshakeable path’ to making headway with its many creditors, as he ‘vigorously pursues’ an emergency debt package.
Stronger together: Behind Ryan Stokes’ billion dollar bet
Where the trend in business is to slim down, spin-off and simplify, Ryan Stokes has been going in the other direction.
US vaccine aversion a headwind for CSL
Vaccine aversion in the US has put a hole in CSL revenues in the first half, with the company saying the flu season is shaping up to be the worst in 15 to 20 years.
Prepare for a fresh wave of dumping, industry warns
The US’s proposed imposition of blanket tariffs on steel and aluminium would result in an influx of steel dumped into the Australian market, experts say.
Original URL: https://www.themercury.com.au/business/victoria-business