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Japan’s Sumitomo Forestry buys 51pc of Metricon for $115m with plans for full takeover
Australia’s largest homebuilder Metricon, which bounced back into profit in FY24, is about to fall under the control of Sumitomo Forestry Australia in a deal that cou...
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Digital agency Social Garden grows its e-commerce focus with acquisition of The Natives
Digital marketing agency Social Garden has acquired fellow Melbourn...
MarketingBrisbane Business NewsMelbourne Business NewsSydney Business NewsMergers & Acquisition
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ANZ agrees to fork out $99m for two class actions as Westpac and Macquarie continue the fight
ANZ Banking Group (ASX: ANZ) has agreed to pay out a total of $99 m...
Gold coast business newsBrisbane Business NewsAdelaide Business NewsMelbourne Business NewsSydney Business NewsLegal NewsPerth Business News
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‘It makes a lot of sense’: Glen Richards takes the long view with Arbor Permanent Owners investment
After spending most of his career investing with a timely exit in m...
Capital Raising & FinanceGold coast business newsBrisbane Business NewsAdelaide Business NewsMelbourne Business NewsSydney Business NewsPerth Business News
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Jetstar slapped with class action for refusing refunds over cancelled flights during COVID
Budget airline Jetstar is facing a class action on behalf of custom...
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PEXA CEO Glenn King to retire as earnings rise 16pc
After leading property transaction powerhouse PEXA (ASX: PXA) throu...
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WiseTech crashes through $1b revenue barrier after eight years of double-digit growth
Logistics software group WiseTech has broken through the $1 billion...
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Accounting group Kelly Partners lifts profit 24pc as US footprint grows
The partnership acquisition model of Sydney-headquartered accountin...
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‘A very bleak future’: Report estimates Gen AI could put $519m at risk for Aussie music creators
The rise of generative artificial intelligence (Gen AI) could put a...
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SRG Global in $111m transformational deal for water infrastructure services group Diona
Diversified infrastructure services provider SRG Global (ASX: SRG) ...
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Vicinity Centres snares prized Perth asset paying $420m for half of Lakeside Joondalup
Vicinity Centres (ASX: VCX) has acquired a 50 per cent stake in Wes...
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Baby Bunting declares turnaround under way after consumer cutbacks hit latest full-year earnings
A cutback in spending by consumers has been blamed for a sharp fall...
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Retail Food Group brews $14.7m turnaround, plans rebrand to 'Savora'
Gold Coast-headquartered Retail Food Group (ASX: RFG) is moving on ...
Trending News
Resimac steps up diversification push after snaring Westpac’s $1.6b auto loan portfolio
Non-bank lender Resimac Group (ASX: RMC) has bought Westpac’s...
Dexus partners with Marquette Properties to revamp Brisbane office tower into $500m student dorm
Listed property group Dexus (ASX: DXS) is partnering with Marquette...
Singapore’s Louis Dreyfus Company finally wins the battle for Namoi Cotton at a hefty $158m
Almost a year after launching a takeover bid for Australian cotton ...
SPC Global gains ASX foothold in $342m merger with Original Juice Co and Nature One Dairy
Shepparton-born SPC Global has engineered a reverse takeover of lis...
Brisbane startup Zeligate raises $5.5m to grow its AI workforce platform for businesses
Brisbane-based startup Zeligate, which has developed an AI workforc...
Austrade boss Xavier Simonet bringing turnaround skills to Collins Foods as new CEO
Australian KFC and Taco Bell restaurant operator Collins Foods (ASX...
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Samuel Gordon takes top honour at 2024 Gold Coast Young Entrepreneur Awards
From high school dropout to leading buyer’s agent, Australian Property Scout founder Samuel Gordon has made waves in the Glitter Strip’s entrepreneurial scene b...
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Square Peg and Atlassian co-founder Farquhar back AI startup Lorikeet in $5m seed round
Sydney-based customer-experience startup Lorikeet has raised $5 mil...
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Young Entrepreneur Awards to showcase Gold Coast’s brightest talent
The 2024 Gold Coast Young Entrepreneur Awards are set to ignite exc...
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Brisbane startup Zeligate raises $5.5m to grow its AI workforce platform for businesses
Brisbane-based startup Zeligate, which has developed an AI workforc...
MERGERS AND ACQUISITIONS
Digital agency Social Garden grows its e-commerce focus with acquisition of The Natives
Digital marketing agency Social Garden has acquired fellow Melbourn...
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Resimac steps up diversification push after snaring Westpac’s $1.6b auto loan portfolio
Non-bank lender Resimac Group (ASX: RMC) has bought Westpac’s...
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Singapore’s Louis Dreyfus Company finally wins the battle for Namoi Cotton at a hefty $158m
Almost a year after launching a takeover bid for Australian cotton ...
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Retail
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Mosaic Brands to exit Rockmans, Autograph and W.Lane in mass store closures
Fashion retailer Mosaic Brands (ASX: MOZ) is exiting five of its br...
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MotorCycle Holdings founder Dave Ahmet steps down as CEO to focus on health
Dave Ahmet is stepping down as CEO of MotorCycle Holdings (ASX: MTO...
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Premier Investments puts Peter Alexander, Smiggle demerger on hold to focus on Myer merger
Premier Investments’ (ASX: PMV) planned demerger of its stati...
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Sacked Smiggle boss John Cheston stripped of $3.8m in Premier Investments bonus shares
John Cheston, the former managing director of stationery and access...
Opinion
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Qatar Airways is set to acquire 25 per cent of Virgin Australia. Who will be the winners?
Qatar Airways has announced plans to buy a 25% minority stake in Vi...
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At 2.7 per cent, Australian inflation is back within the RBA zone. Here’s why that matters
A closely watched measure of Australian inflation dived in the mont...
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Many strata managers who handle apartments are conflicted: here’s how
Ten of Australia’s leading consumer groups have now written t...
CAPITAL RAISING & FINANCE
Square Peg and Atlassian co-founder Farquhar back AI startup Lorikeet in $5m seed round
Sydney-based customer-experience startup Lorikeet has raised $5 mil...
‘It makes a lot of sense’: Glen Richards takes the long view with Arbor Permanent Owners investment
After spending most of his career investing with a timely exit in m...
)
The Water and Carbon Group raises $14.5m to tackle ‘forever chemicals’ waste in US
The Water and Carbon Group, a Brisbane-based environmental engineer...
Brisbane startup Zeligate raises $5.5m to grow its AI workforce platform for businesses
Brisbane-based startup Zeligate, which has developed an AI workforc...
Leadership
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Austrade boss Xavier Simonet bringing turnaround skills to Collins Foods as new CEO
Australian KFC and Taco Bell restaurant operator Collins Foods (ASX...
MotorCycle Holdings founder Dave Ahmet steps down as CEO to focus on health
Dave Ahmet is stepping down as CEO of MotorCycle Holdings (ASX: MTO...
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Adairs names former Country Road boss Elle Roseby as new CEO to replace Mark Ronan
Homewares retailer Adairs (ASX: ADH) has named former Country Road ...
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Property
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Dexus partners with Marquette Properties to revamp Brisbane office tower into $500m student dorm
Listed property group Dexus (ASX: DXS) is partnering with Marquette...
)
North American investors secure two build-to-rent projects from ADCO Group for $350m
National developer ADCO Group has offloaded two build-to-rent (BTR)...
Japan’s Sumitomo Forestry buys 51pc of Metricon for $115m with plans for full takeover
Australia’s largest homebuilder Metricon, which bounced back ...
)
Stockland agrees to offload NSW project to get $1b Lendlease residential buyout over the line
Australia’s competition watchdog has cleared Stockland Group ...
Health
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Cartherics raises $15m to advance its bid to rearm immune systems to fight ovarian cancer
Melbourne-based biotechnology company Cartherics has raised $15 mil...
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Biome Australia looks to shake off microcap status as three-year revenue target hits $85m
Microbiome health company Biome Australia (ASX: BIO) has outlined a...
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Evolt raises $20m ahead of a potential IPO amid an Ozempic-led growth surge
The rise of weight loss drugs such as Ozempic and Wegovy has added ...
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Telix expands US manufacturing footprint with $366m deal for radiopharmacies group RLS
Melbourne-based biotech Telix Pharmaceuticals (ASX: TLX) has expand...
Technology
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US investors led by speargun entrepreneur buy IP of collapsed shark deterrent tech Ocean Guardian
The Sydney-based company that spearheaded commercialisation of the ...
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QuantX Labs bags $2.7m defence contract for advanced quantum sensor development
Adelaide-based quantum sensor manufacturing company QuantX Labs has...
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Needle-free biotech Vaxxas seals $43m from US Government for its largest trial yet
Needle-free vaccine company Vaxxas is being supported by a US Gover...
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Hearing tech scale-up Audeara secures China foothold in deal with Eastech
Hearing health technology scale-up Audeara (ASX: AUA) has made a ma...
Legal
ANZ agrees to fork out $99m for two class actions as Westpac and Macquarie continue the fight
ANZ Banking Group (ASX: ANZ) has agreed to pay out a total of $99 m...
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EnergyAustralia hit with $14m fine for misleading consumers about power prices
Power generator and retailer EnergyAustralia has been fined $14 mil...
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Vanguard hit with a record $12.9m penalty in a major ASIC win against greenwashing
Global funds manager Vanguard has been hit with a record $12.9 mill...
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