Trump offers the best chance for business to reset
There’s plenty of volatility to come, but by playing under Donald Trump’s new world order, business is poised to thrive.
Victoria Business
Sydney lending firm enters voluntary administration
Sydney-based BNPL company Procuret has gone into voluntary administration, with a sale or recapitalisation now being considered.
Trump and Melania crypto coins tank on inauguration day
The newly launched $Trump and $Melania “meme coins”, backed by the US President and his wife, tanked spectacularly on the day of his inauguration.
Last-ditch bid for gold mine at Adelaide Hills winery fails
A proposed gold mine at Bird in Hand – next to a number of feted Adelaide Hills wineries – appears doomed after a last-ditch legal challenge failed.
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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.
Struggling game maker takes on onerous loan to stay afloat
Game developer Mighty Kingdom has raised money at an onerous rate to keep the lights on but says it is still working on corporate opportunities which could deliver value.
Goldman Sachs gives Foxtel deal the tick of approval
News Corp will have a stronger earnings profile and be better focused on its digital property growth drivers following the sale of Foxtel to DAZN, Goldman Sachs says.
Sports streamer DAZN buys Foxtel in blockbuster $3.4bn deal
New ownership for subscription giant Foxtel and its hit brands Kayo and BINGE is set to shake up Australia’s media and sport landscape.
Howzat! Behind DAZN’s quest to become Netflix of sport
The UK sports streaming operator has big plans for the way the world watches sport – and Foxtel is set to become a key part of this.
Breakthrough Victoria-funded med-tech enters administration
A Melbourne med-tech start-up at the centre of a court fight has fallen into administration, as the company’s co-founder lobbed a shot at Victoria’s $2bn venture capital fund.
Bondi Ponzi scheme promoter avoids jail time
David Sipina, who promoted the fraudulent Courtenay House Ponzi scheme which left creditors owed more than $50m, has avoided jail time after pleading guilty.
Cooper Investors offloads $41m of Incitec stock
Incitec Pivot says it will forge ahead with asset sales next year, while at the same time warning earnings will take a hit from investment in plant.
Original URL: https://www.themercury.com.au/business/victoria-business/page/4