There’s a lot to be optimistic about in 2025: Citi Australia
Mark Woodruff, the local boss of US banking giant Citi, says market conditions are turning positive for the coming year.
Victoria Business
Struggling glove maker lays out path to resurrection
The board of pandemic market darling VIP Gloves has laid out a plan to resurrect the company, which crashed from huge profits to huge losses in a short period.
Melbourne local Business Gala Awards celebrated at The Langham
Guests have flocked to the inaugural 2024 Melbourne Local Business Gala Awards, held by Precedent Productions, at The Langham this week. See the winners of each category.
NextDC-backed cloud provider turns takeover target
An underperforming cloud services provider one third-owned by NextDC has found itself the target of competing takeover bids.
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Franchise Council calls for unity after steep loss
The Franchise Council of Australia has called for unity after a shocker of a year in which it posted a steep loss and “serious concerns” were raised about its performance.
Crown backs Victoria’s pokies crackdown
Crown Melbourne has backed the Victorian government’s moves to introduce the nation’s strictest gaming machine rules, including slashing load-up limits.
Major South Australian dairy company to close
About 150 jobs will go at South Australian dairy outfit Beston Global Food Company after the collapsed business failed to attract a buyer to resurrect it out of administration.
Nurses challenge Ramsay Health Care on pay
Ramsay Health Care says it will need to reignite talks with insurers on payouts if wage costs blow out, as angry NSW nurses challenged the company’s board over pay.
‘Do no more harm’: CEOs make their election pitch
The notion of an Elon Musk-style regulation buster with authority to drive changes would be welcome relief here.
SG Fleet opens books to PEP after $1.2bn bid
SG Fleet has opened its books to Pacific Equity Partners following a $1.2bn takeover bid for the fleet management and novated leasing provider.
First home buyers cop it over APRA’s crisis-era footing
It’s a big call by the bank regulator to use its boom time instrument to keep highly-restrictive settings on housing lending where no crisis exists.
Pro Medicus ‘should consider’ share split, chairman says
Pro Medicus is expecting years of strong growth, says managing director Sam Hupert, despite already booking huge growth over the past few years.
Game over for Mighty Kingdom boss
Mighty Kingdom’s managing director has stepped down and the shares remain suspended, after the game developer earlier floated the prospect of a material acquisition.
Private equity greed blamed for Healthscope ‘kamikaze’ act
A peak lobby group says the Healthscope furore is the canary in the coalmine as far as private equity in the health sector goes. Healthscope says that’s rubbish.
Original URL: https://www.themercury.com.au/business/victoria-business/page/11