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Mosaic Brands receivers to close 160 stores by January
Dec 10, 2024 · The receivers to fashion retailer Mosaic Brands (ASX: MOZ) will close 160 stores across the group by mid-January putting the company’s iconic brands comprising Katies, Millers, Rivers and Noni B all in the firing line.
MyState Bank proposes $755m Auswide Bank merger - Business …
Aug 19, 2024 · The merger, the latest in a raft of consolidations for the Australian banking sector, is expected to be earnings accretive for the group from FY26 after a challenging year for MyState Bank’s owner, the diversified financial services group MyState Ltd (ASX: MYS), which posted an 8.3 per cent fall in net profit after tax to $35.3 million in FY24.
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NDIS provider Freedom Care Group falls into administration
Dec 6, 2024 · Freedom Care Group (ASX: FCG), the first National Disability Insurance Scheme (NDIS) provider to list on the ASX, has fallen into administration a month after warning shareholders that regulators were considering banning the company from providing or managing support for people with disabilities.
Telstra acquires Boost Mobile in deal valuing group at $100m
Dec 2, 2024 · Telstra Group (ASX: TLS) has acquired prepaid mobile services provider Boost Mobile in a deal that is understood to value the business at close to $100 million.
NEXTDC plans mammoth $1.3 billion capital raise - Business News …
Apr 11, 2024 · The planned entitlement offer, priced at $15.40 per share, is twice the value of a $618 million raise completed almost a year ago for the development of new data centres in Malaysia and New Zealand.. NEXTDC’s plans for its Sydney and Melbourne operations include the development of two new data centres for Sydney, taking its footprint in NSW capital to five facilities, as well as capacity ...
Lepidico calls in administrators
Dec 5, 2024 · The current low price of lithium would have likely played an important role in the decision-making processes of Lepidico's prospective financiers, but at the annual general meeting (AGM) in November Lepidico's longstanding chairman Gary Johnson was hopeful that prices were "forming a trough" as "as the high levels of inventories throughout the electric vehicle supply chain have started to reduce".
Judo Bank shakes off startup tag as loan book hits $10b
Apr 17, 2024 · Judo Capital Holdings (ASX: JDO) has capped off five years since securing its banking licence with its loan book shooting past the $10 billion mark and the group declaring a maturing business that can no longer be classed as a startup.
JB Hi-Fi takes majority stake in retailer E&S for $47.8m
Aug 12, 2024 · The consumer goods retailer, which also owns The Good Guys chain, has announced the acquisition in tandem with a 16.4 per cent fall in net profit for the full year to $438.8 million as group sales edged 0.4 per cent lower to $9.59 billion.
Millers owner Mosaic Brands enters administration
Oct 28, 2024 · Fashion retailer Mosaic Brands (ASX: MOZ) has appointed voluntary administrators, ending months of speculation about the company’s future that led to an announcement in September that it was exiting five of its …