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 No lifeline for vacuum retailer Godfreys

No lifeline for vacuum retailer Godfreys

March 21, 2024 07:30 AM AEDT| By Team Kalkine Media

After a prolonged search for a buyer to salvage the struggling vacuum retailer, Godfreys, the iconic business is now set to close its doors, marking the end of nearly a century-long legacy in Australia...

 Bunnings WPT says offer for Newmark final

Bunnings WPT says offer for Newmark final

March 21, 2024 07:10 AM AEDT| By Team Kalkine Media

Bunnings Warehouse Property Trust has declared its offer for Newmark Property is best and final. It’s offer of 0.4 BWP units for 1 Newmark Property REIT as final and unconditional. BWP said 42.5 per cent of Newmark’s unit holders have accepted its of...

 ASX to open higher. Bunnings WPT says offer for Newmark final

ASX to open higher. Bunnings WPT says offer for Newmark final

March 21, 2024 07:00 AM AEDT| By Team Kalkine Media

The Australian share market is expecting to open higher this morning. Bunnings Warehouse Property Trust has declared its offer for Newmark Property is best and final. Sigma report total net revenue of $3.3bn was down 9.2%. Atlas Arteria CEO and Manag...

 Adbri contract with Alcoa to end earlier than expected

Adbri contract with Alcoa to end earlier than expected

March 20, 2024 12:13 PM AEDT| By Team Kalkine Media

Aluminum industry leaders Adbri and Alcoa of Australia have come to a collaborative agreement aimed at adapting to shifting market dynamics. This agreement entails an amendment to the existing quicklime supply agreement, ensuring flexibility to meet...

 Ronald Delia has notified Amcor plc of his intention to retire as the Company’s CEO

Ronald Delia has notified Amcor plc of his intention to retire as the Company’s CEO

March 20, 2024 10:09 AM AEDT| By Team Kalkine Media

Ronald Delia has notified Amcor plc of his intention to retire as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors for health reasons. The effective date of Mr. Delia’s retirement as both an officer and direct...

 Sonic Healthcare to acquire the Dr Risch laboratory group

Sonic Healthcare to acquire the Dr Risch laboratory group

March 20, 2024 08:00 AM AEDT| By Team Kalkine Media

Sonic Healthcare has signed binding agreements to acquire the Dr Risch laboratory group, a full-service medical laboratory group in Switzerland. Dr Risch employs around 650 staff in thirteen clinical laboratories across Switzerland and a laboratory i...

 Did a Canadian in China steal Tesla secrets?

Did a Canadian in China steal Tesla secrets?

March 20, 2024 07:25 AM AEDT| By Team Kalkine Media

A Canadian resident in China has been apprehended in the United States on allegations of stealing trade secrets from electric car manufacturer Tesla and attempting to sell them to undercover law enforcement agents....

 OreCorp has received a conditional proposal from Perseus Mining

OreCorp has received a conditional proposal from Perseus Mining

March 20, 2024 07:10 AM AEDT| By Team Kalkine Media

OreCorp has received a conditional proposal from Perseus Mining to increase the offer consideration under its existing off-market takeover bid to 57 and a half cents per OreCorp Share. It’s recommended that the OreCorp Shareholders accept the Amended...

 ASX to open higher. Sonic to buy Dr Risch

ASX to open higher. Sonic to buy Dr Risch

March 20, 2024 07:00 AM AEDT| By Team Kalkine Media

The Australian share market is expecting to open higher this morning. Sonic Healthcare to acquire the Dr Risch laboratory group. Ronald Delia to retire as Amcor’s Chief Executive Officer. OreCorp has received a conditional proposal from Perseus Minin...

 RBA keeps rates on hold 4.35%

RBA keeps rates on hold 4.35%

March 19, 2024 02:57 PM AEDT| By Team Kalkine Media

At its meeting held today, the Reserve Bank of Australia Board opted to maintain the cash rate target at its current level of 4.35%. This decision reflects the central bank's ongoing assessment of economic conditions and its monetary policy stance. A...

 New Hope report net profit was at $251.7 million.

New Hope report net profit was at $251.7 million.

March 19, 2024 10:08 AM AEDT| By Team Kalkine Media

New Hope report net profit was at $251.7 million. Underlying earnings before interest, tax and amortisation was recorded at $424.8 million. The company says their business generates strong margins despite the coal price retreating from unprecedented...

 Wang Yi begins diplomatic tour of New Zealand and Australia

Wang Yi begins diplomatic tour of New Zealand and Australia

March 19, 2024 08:10 AM AEDT| By Team Kalkine Media

Chinese Foreign Minister Wang Yi announced this week China's readiness to collaborate with New Zealand, aiming to bolster trade relations and tackle pressing global challenges, including climate change....

 KMD Brands reports group sales for the half year decreased by -14.5%

KMD Brands reports group sales for the half year decreased by -14.5%

March 19, 2024 07:20 AM AEDT| By Team Kalkine Media

KMD Brands reports group sales for the half year decreased by -14.5% to $468.6 million. Gross margin improved by 10 basis points to 58.8%. Statutory NPAT loss -$9.7 million; Underlying NPAT loss -$6.9 million. No interim dividend declared as a result...

 Boral told to reject Seven's bid

Boral told to reject Seven's bid

March 19, 2024 07:10 AM AEDT| By Team Kalkine Media

Boral’s board has recommended its shareholders reject Seven Group Holdings’ takeover bid of the company. Each Boral director on the BRC intends to REJECT the SGH Offer in relation to their Boral Shares....

 ASX to open higher. Boral told to reject Seven's bid

ASX to open higher. Boral told to reject Seven's bid

March 19, 2024 07:00 AM AEDT| By Team Kalkine Media

The Australian share market is expecting to open higher this morning. Boral’s board has recommended its shareholders reject Seven Group Holdings’ takeover bid. KMD Brands reports group sales for the half year decreased by -14.5%. New Hope report net...

 Person dies following fall from hot-air balloon in northern Melbourne.

Person dies following fall from hot-air balloon in northern Melbourne.

March 18, 2024 02:21 PM AEDT| By Team Kalkine Media

Witness the shocking aftermath of a fatal hot air balloon incident in Melbourne's north-east, where a man tragically lost his life after falling from the balloon. Join us as we delve into the details surrounding the incident, the response from emerge...

 Tropical Cyclone Megan causes damage at South32s manganese port

Tropical Cyclone Megan causes damage at South32s manganese port

March 18, 2024 11:58 AM AEDT| By Team Kalkine Media

South32, a prominent mining company, has recently made a significant announcement regarding its operations at the Groote Eylandt Mining Company. According to the report, operations at the mining site have been temporarily suspended. This decision com...

 Metarock has entered into sale agreement for the PYBAR business to Thiess

Metarock has entered into sale agreement for the PYBAR business to Thiess

March 18, 2024 11:50 AM AEDT| By Team Kalkine Media

Metarock Group has recently finalized a significant transaction by entering into a binding Share Sale and Purchase Agreement. This agreement entails the sale of 100% of its interest in the PYBAR business to Thiess Pty Ltd, a wholly-owned subsidiary o...

 MinRes to develop lithium processing hub

MinRes to develop lithium processing hub

March 18, 2024 10:49 AM AEDT| By Team Kalkine Media

Mineral Resources has recently finalized a significant move by entering into a Binding Heads of Agreement, contingent upon certain conditions, with Poseidon Nickel. This agreement entails the acquisition of the Lake Johnston nickel concentrator plant...

 Bubs Australia reports strong US scan sales growth

Bubs Australia reports strong US scan sales growth

March 18, 2024 08:49 AM AEDT| By Team Kalkine Media

Bubs Australia reports strong US scan sales growth continues with the latest quarter +161% on the prior corresponding period (pcp) and delivering quarter on quarter growth of +8.3 per cent. A new scan sales record achieved in Amazon the week commenci...

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