$30m penthouses: Gurner, Qualitas team for Jam Factory revamp
The developer is banking on turning the iconic Melbourne complex into New York-style apartments, luxury hotels, cinemas and high-end shopping.
Breaking News
Exposure to US tech stars drives CFS super results
Colonial First State’s impressive double-digit returns for its employer super balanced fund and growth fund will strengthen claims that the group’s fortunes are turning around.
Surprise claim as AI to create 200k jobs
Thousands of Australian jobs in the AI sector could be created this decade, but major issues remain unanswered.
Fortescue hired Private Investigators to spy on ex-staff
Andrew Forrest’s Fortescue paid private investigators to follow former staff ahead of a battle of intellectual property, previously suppressed court documents show.
On yer bike: CEOs grab tools for youth charity
A group of Queensland execs are getting their tool kits in order so that they can take on a bike-building challenge with youth organisation TRACTION.
ASIC’s failure is it has become too big to regulate
The nation’s powerful corporate cop is doing too much, and most of it is small fry.
Booktopia in administration with urgent sale sought
Booktopia has collapsed into administration less than four years after listing on the ASX with an urgent assessment of the business now under way.
Super funds deliver but inflation heightens rates warning
Global interest rates should fall but won’t return to pre-Covid levels because inflation would continue to be ‘sticky’, says AustralianSuper’s Mark Delaney.
ASIC should be split, says Senate report
A radical separation of ASIC would improve its flawed approach as the regulator has ‘comprehensively failed’ to clamp down on corporate wrongdoing, a Senate committee report says.
AMP super fund clocks up strong returns
AMP has delivered superannuation returns better than many of its more fancied market rivals and that’s in part thanks to its exposure to US stocks.
Atlassian homes in on work hub
Working from home is here to stay and the office as we know it will more resemble a first-class airport lounge, Atlassian says.
Neil Perry’s recipe for successful airline food
The secret to delicious airline food is as much about the aircraft as the preparation process, says longtime Qantas flight catering manager Neil Perry.
How will Lang Walker’s $6bn empire be carved up?
The late tycoon left behind one of Australia’s biggest private companies and new documents reveal how his wife, children, and two trusted directors will share the property behemoth’s assets.
Nuclear ‘must be an energy option’: power boss
Nuclear power shouldn’t be ruled out as part of Australia’s energy mix, says Richard Wrightson, given it could be produced at about the same cost as wind.
ASX gains on record highs on US markets
Elon Musk becomes $10bn richer overnight, as US gains filter through to the Australian market in trading on Wednesday.
Why is financial advice sector struggling to hire?
The financial advice sector is posting strong returns but it can’t attract new recruits to the industry, so what is the problem?
Qantas warned over executive bonuses
Qantas shareholders have delivered a stern warning to the board as it mulls over the payment of massive executive bonuses including to former CEO Alan Joyce.
How to avoid a credit card debt spiral as Aussie budgets buckle
Wealth-sucking, high-interest debt on credit cards fell for 12 straight years until late 2023, and now households need help.
$50m deal to save cash given OK
The consumer watchdog has granted interim approval for the multimillion-dollar deal to ensure the transport of cash across Australia.
Aust Super posts ‘solid’ results but misses US tech stock boom
Australia’s largest super fund says its balanced option has posted a ‘solid return’ while acknowledging other super funds with exposure to US tech stocks performed better.
Dutton’s ‘big stick’ sets dangerous tone for business
From energy to supermarkets, Peter Dutton is proving instincts are built on more, not less, market intervention.
KPMG taps former Labor minister, Westacott for new roles
A trio of big names will join KPMG including former Labor minister David Bradbury from the OECD and leading Australian executives weeks after an $80m cost cutting program.
Sydney $300m delivery start-up expanding overseas
Backed by Australia Post, Shippit plans to expand its courier aggregator platform further beyond our shores as it closes in on a key profitability milestone.
Queensland Country Bank batting up for Brisbane Heat
Queensland Country Bank is hoping for a big innings in the Big Bash league as the Brisbane Heat’s new principal partner for the next three years.
Anglo coal mine in Qld faces closure after fire
A major fire at Anglo American’s troubled Grosvenor coal mine in Queensland is expected to impact global supply, with warnings the operation could face permanent closure.
No more anti-competitive Google deals: Telstra, Optus
Google’s search service was installed as the default service on Android devices they supplied to customers in return for a share in its advertising revenue.
ANZ sanctioned over dead customer accounts
ANZ was called out for the most ‘serious and systemic breaches’ by the Banking Code Compliance Committee, after taking years to stop or refund fees levied to deceased estates.
Fast track for Squadron’s Kembla a potential gas solution
Andrew Forrest’s Squadron Energy says its LNG import terminal at Port Kembla could be fast tracked to plug looming gas shortages on the eastern seaboard.
Bendigo Bank stirs up CEO exit season
Bendigo and Adelaide Bank’s CEO appointment has cemented succession planning as a key topic in the sector, fuelling expectations at least two of the big four banks follow suit.
Cosmetics giant faces new court case
After Mecca’s former chief of marketing settled maternity leave discrimination allegations against the company, the beauty giant is facing fresh court action in Victoria.
Real estate loses ground on RBA minutes
Real estate investors have taken a backwards step on the sector Tuesday, as the Reserve Bank minutes show the cash rate could be hiked again.
Funds not doing enough to help members
Super funds members ‘deserve better’ in terms of assistance with their retirement strategies, APRA deputy chair Margaret Cole says.
Bonza joins the scrap heap of airline failures
Bonza has joined the ranks of Ansett, Compass, Tigerair and Air Australia after creditors voted in favour of liquidation.
Is the RBA setting the scene for a rate rise?
Minutes from the Reserve Bank’s June board meeting show it’s still reluctant to lift interest rates, yet some economists believe it is setting the scene for an increase.
Virgin pilots refuse bumper pay rise offer over day off concerns
Virgin Australia pilots have voted down a healthy new pay deal that increased wages significantly but reduced their days off by six a year.
‘Backsliding and lip service’ on diversity on the rise in corporate Australia
Sarah Liu was so struck by the lack of opportunities for Asian-Australians she began her own firm. Now 12 years later she says there is a backlash against diversity, equity and inclusion.
Experts tip investment winners for year ahead
The standout performers of 2023-24 were celebrated, but a new financial year brings fresh hope for different types of assets.
Grim sign fresh rate hike coming
The Reserve Bank has released the minutes from its June board meeting where it considered another rate hike. The discussion shows some storm clouds for homeowners.
‘Sad event’: Aussie airline is officially over
An Australian airline that only launched in January 2023 is officially dead and dusted, with creditors making a final decision on its future on Tuesday.
Bendigo’s board put costs at centre of CEO challenge
Incoming CEO Richard Fennell will need to quickly prove he isn’t just another product of the Bendigo culture that has had greater tolerance for costs than the bank’s investors.
Cashed-up owners close major Perth hotel for ‘rebranding’
The Hyatt Regency in Perth will close after 35 years at the behest of its Singapore owners, marking an end of an era in the city’s hotel industry.
Bhagwan offer price and valuation revealed
Bhagwan Marine’s family owners will stump up for another half a million shares in the initial public offer which is set to close in the next day or so.
Why 8 minutes is making a big difference to Qantas
Qantas has made another big change to its boarding process to help get aircraft away on time, or even ahead of schedule.
Sneesby heads to Greece as Nine’s newsrooms crumble
Nine CEO Mike Sneesby flew to Greece on Friday night for a week-long family holiday, just hours after slashing hundreds of jobs at the embattled media company.
TPG enters streaming wars, partners with Foxtel Group’s Hubbl
Australia’s third biggest telco is intensifying its battle with bigger rival Telstra, muscling into the content space via partnership with Foxtel Group’s new streaming platform Hubbl.
Loscam suitor drops out of the race
The field of bidders for pallet business Loscam has reduced by one, however there are still plenty of heavy hitters in the race.
Sonos aces its foray into headphones
It’s a crowded market, dominated by Apple, but that hasn’t stopped Sonos from delivering a sonic boom in its first attempt at making headphones.
Power price pressure builds amid delays in green rollout
Prices will rise in Australia’s electricity grid as big coal power stations are shut down and the rollout of renewable and storage capacity slow with NSW the most exposed.
Hick joins Evolution after fleeing Fortescue
Former Fortescue chief executive Fiona Hick, who quit the Andrew Forrest camp last year after less than six months in the top job, has joined Evolution Mining’s board.
CBA prepares to take on Wall Street’s biggest banks
The Australian bank has passed a staggering milestone. Can it continue to defy gravity?
Original URL: https://www.weeklytimesnow.com.au/agribusiness/breaking-news