bestnews PwC spin-off Scyne loses one of its most senior executives
Scyne Advisory, the public sector consultancy spun out of PwC after the firm was revealed to have leaked confidential government information, has lost one of its most senior executives with…
Korea Electric Power fails to secure Hydrogen Headstart funding
Korea Electric Power Corporation has failed to win support from the federal government’s Hydrogen Headstart program for a large project proposed at Newcastle, marking another blow to Asia’s hopes of…
Mineral Resources faces Qantas-like negative hysteria, says L1’s Landau
A top Mineral Resources investor has rejected suggestions that the highly indebted miner will be forced into an equity raising, saying the 40 per cent collapse in the share price…
Brett Lee’s Sydney Beer Co, co-owned by the former Australian cricketer, owes creditors almost $10 million
Sydney Beer Co, a boutique brewer backed by former international cricketer Brett Lee, owes almost $10 million to creditors, including its chairman, the Australian Taxation Office and the McGrath Foundation.…
Pengana freezes fund redemptions as it braces for big Opthea loss
The failure of Opthea’s much-heralded eye treatment has already caused considerable pain for investors. The ASX-listed biotech counted Phil King’s Regal Partners as its biggest shareholder, with a 30 per…
EY proposes massive restructure, cutting divisions in bid to find growth
EY will make sweeping changes to its global structure to cut costs and address stagnant growth, slashing the number of regional divisions and ending the independence of its financial services…
The Reject Shop finds a pot of gold at the end of a Canadian rainbow
The Reject Shop finds a pot of gold at the end of a Canadian rainbow
Canada’s Dollarama makes $259m bid for The Reject Shop discount chain
The Reject Shop will leave the ASX after two decades after agreeing to a $259 million takeover bid from Canadian discount giant Dollarama, which plans to double the number of…
Brett Lee’s Sydney Beer Co, co-owned by the former Australian Test cricketer, owes creditors almost $10 million
Sydney Beer Co, a boutique brewer backed by former Australian Test cricketer Brett Lee, owes almost $10 million to its creditors, including its chairman, the Australian Taxation Office and the…
ANZ’s Paul O’Sullivan-led board prepares to release Oliver Wyman governance report
ANZ’s board plans to release a sweeping review of culture and risk governance in its embattled markets unit imminently, backpedalling on its previous stance to disclose only a summary. The…