Myer can be a $5bn retail power: Inside Lew’s merger vision
The $800m merger represents an all or nothing bet on the longer term future of Myer. And the retail billionaire Solomon Lew has big ambitions.
Victoria Business
Tim Cooper to hand over the reins at Coopers Brewery
Tim Cooper will step back from the top job at Coopers Brewery after more than two decades, as beer sales at the nation’s last major Australian-owned brewer continue to grow.
Trump launches AI into a new space race
The new Trump administration’s massive spending plan will certainly flow through to a handful of Australian companies already enabling artificial intelligence.
NAB has rails run in HSBC’s great Aussie bank sale
With everyone else too big or distracted, HSBC is NAB’s for the taking if the global giant decides to walk away from the local retail banking market.
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Mesoblast turns 10-bagger on FDA approval
The company has received US Food and Drug Administration approval for its drug Ryoncil, in a stunning turnaround from a year ago, when the same drug tanked the share price.
Catholic hospitals blocked from private insurer boycott
Catholic Health Australia, whose members provide about a third of private hospital care nationally, will not be allowed to emulate Healthscope’s boycott of private health insurers.
The worrying warning sign behind Chalmers’ budget update
The commodity super-cycle is rapidly coming to an end, and Australia’s finances are nowhere near ready for this moment.
Insignia knocks back Bain approach
Insignia Financial has rejected Bain Capital’s $2.7bn takeover offer, described by its largest shareholder as “highly opportunistic”.
Circular economy could return billions with the right action
Australia can add $26bn to the economy over the next decade if it embraces circular economy principles, but there’s still plenty of work to do.
Legal action considered over SkyCity’s money laundering
A litigation funder is considering bringing a legal action against former SkyCity directors and executives over breaches of money laundering laws at the Adelaide Casino.
Minister’s private hospital forum a ‘dud’, peak group says
The government’s latest attempt to shore up the ailing private hospital sector is a ‘dud’ that will do nothing to prevent further closures, the sector’s peak group says.
Dollar’s wild ride shows risks of playing with RBA fire
Jim Chalmers’ big shake-up of the central bank is a convenient distraction but unlikely to change the path of interest rates.
Why the fight against scams just got serious
All banks are now on the hook as the corporate regulator asks ‘how much is enough’ when it comes to protecting customers.
Inside new Westpac CEO’s plan to rebuild the bank
Taking the reins of Westpac on Monday, one of Anthony Miller’s first tasks will be to visit call centre staff – who are the eyes and ears of the banking giant and hear exactly how customers feel.
Original URL: https://www.themercury.com.au/business/victoria-business/page/7