Aurora Metals leaves $170m in debts - ShareCafe
WEBIn a tumultuous turn of events, Queensland-based mining company Aurora Metals has collapsed, leaving a trail of debts totaling approximately $170 million. The company's financiers have appointed receivers over the top of administrators, leaving small trade creditors at the back of the queue for potential repayments.
Wholesale, Online Growth Slated For Smiggle - ShareCafe
WEBMar 26, 2019 · Smiggle continues to underpin the outlook for Premier Investments (()), although the company’s apparel brands provided much-needed strength in the first half.The company’s strategy for its children’s stationery and related accessory business Smiggle is moving to a focus on online and wholesale, which means there is more emphasis on the brand and less on the ownership of the physical assets.
Santana Minerals looks to fast-track Bendigo-Ophir gold project
WEBSantana Minerals (ASX:SMI) CEO Damian Spring presents the Bendigo-Ophir gold project to the Environment Select Committee in NZ, highlighting its potential to significantly impact the national economy. Fast-tracking this project, recognized for its world-class mineral resources, could result in substantial economic gains for New Zealand.
Perpetual undergoes split and takeover - ShareCafe
WEBMORE PERPETUAL LIMITED CONTENT. Sixteen months after swallowing rival fund manager Pendal in a cash and shares deal worth around $2 billion, Perpetual (ASX:PPT) is, in turn, being taken over and split up in a deal worth $1.5 billion. Under the deal, which will be announced on Wednesday morning, Perpetual will be broken up, giving KKR the ...
Orora rejects Lone Star takeover bid - ShareCafe
WEBAug 13, 2024 · Orora said it had rejected the "opportunistic, conditional, and non-binding indicative proposal from Lone Star Fund XII Acquisitions, LLC to acquire 100 per cent of the issued shares of Orora by way of a scheme of arrangement." The price in the statement was $2.55 a share – less any dividends. That saw the …
MyState and Auswide merge - ShareCafe
WEBAug 19, 2024 · The value of the merger is 105% of the current market value of Bendigo and Adelaide Bank at $7.03 billion. MyState Bank has reported $8.4 billion in assets and is larger than Auswide, with around $6 billion in assets. MyState also operates TPT Wealth, a trustee and wealth management company, which will see it dominate the merged company.
Westpac beats rivals with profit rise - ShareCafe
WEBMORE WESTPAC BANKING CORPORATION CONTENT. Westpac (ASX:WBC) has followed rivals, CBA, and NAB in reporting a flat revenue performance for the three months to June. However, unlike the other two banks, Westpac said it lifted net profit by 6% to $1.8 billion, steady on the previous quarter. Revenue remained flat at $5.4 billion for the quarter.
Australian startup seeks to break China’s lithium grip
WEBMORE RIO TINTO LIMITED CONTENT. An Australian start-up, backed by mining giant Rio Tinto (ASX:RIO), is raising funds to develop a lithium extraction technology that could unlock new reserves of this essential battery component and reduce global reliance on China for refining the commodity. ElectraLith, a spin-off from Melbourne’s Monash ...
Stealth Group acquires Force Technology International
WEBStealth Group Holdings (ASX: SGI), a prominent Australian distribution group, has announced its acquisition of Force Technology International Pty Ltd (Force), a leading distributor of consumer mobile accessory products in Australia. This strategic move underscores Stealth's commitment to expanding its market presence and enhancing shareholder value.
National Australia Bank names Andrew Irvine as new CEO
WEBThe National Australia Bank (ASX:NAB) has selected Andrew Irvine to succeed the current CEO, Ross McEwan. The bank announced on Wednesday morning that Andrew Irvine will assume the role of Group Chief Executive Officer and Managing Director, starting from April 2nd this year. Mr. Irvine has been serving as the NAB's Group Executive in charge of Business and Private Banking since 2020.
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