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.

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.

Business News Australia report on news as it breaks and inspirational stories for you to reach your greatest potential.

Oct 29, 2024 · With a legacy on the Australian Securities Exchange (ASX) approaching two decades and recent growth that has outperformed the Australian retail beer market, the WA-based brewer behind such brands as Gage Roads and …

Nov 21, 2024 · Zero-waste recycling group Close the Loop (ASX: CLG) has announced an exit of senior leaders from the board in the wake of a $143.6 million takeover bid from Adamantem Capital.

Nov 23, 2024 · After a record haul for founders from Melbourne last year, Brisbane entrepreneurs won the most awards in 2024, taking home five trophies.. But in a cruel twist of fate, the 2024 Brisbane Young Entrepreneur of the Year Chris Baptista of Homes by CMA did not win the Property & Construction award despite his immense success, with the judges favouring 2024 Gold Coast Young Entrepreneur of the Year ...

Oct 11, 2024 · After pulling itself up by the bootstraps when a major contract fell through with Google earlier this year, Sydney-based artificial intelligence (AI) annotation and services group Appen (ASX: APX) has announced a return to underlying profitability in the September quarter and is now raising $50 million to take advantage of generative AI (GenAI) opportunities.

Nov 19, 2024 · The buyout of Motopool comes on the heels of Karmo securing a $138 million debt facility from the finance divisions of Volkswagen and Toyota, giving the group the firepower to help achieve its target of acquiring an extra 5,000 cars over the next 12 months.

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 …

Dec 18, 2023 · After being pursued by suitors over the past two years, superannuation fund and share registry administrator Link Administration Holdings (ASX: LNK) looks set to be swallowed by Japan’s Mitsubishi UFJ Financial Group (MUFG) in a deal that values the embattled Australian group at $1.2 billion.