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Wesfarmers Agrees to Sell Coregas to Nippon Sanso Holdings for AU$770Mn
December 20, 2024 02:25 PM AEDT| By Team Kalkine MediaHighlights,Sale Agreement:,Wesfarmers has reached an agreement to sell its Coregas business to Nippon Sanso Holdings Corporation (NSHD) for $770 million.,Financial Impact:,Wesfarmers anticipates a pre-tax profit of $230 million to $260 million from t...
Wesfarmers (ASX:WES) Plans Coregas Business Sale for Strategic Growth
December 20, 2024 02:18 PM AEDT| By Team Kalkine MediaHighlights,Wesfarmers (WES) announces,Coregas,sale to Nippon Sanso,.,Deal estimated to generate significant pre-tax profit,.,Strategic divestment aligns with portfolio management goals,.,Wesfarmers (ASX:WES) has revealed plans to divest its Coregas b...
Ventia and Telstra Expand Partnership with $2Bn Infrastructure Deal
December 20, 2024 02:17 PM AEDT| By Team Kalkine MediaHighlights,Five-Year Agreement:,Ventia and Telstra sign a $400 million per year deal to enhance Telstra's digital infrastructure.,Comprehensive Services:,The partnership covers design, construction, and maintenance of Telstra’s nationwide fixed netwo...
Quickstep Holdings to Be Acquired by ASDAM in AU$0.575 Per Share Deal
December 20, 2024 02:12 PM AEDT| By Team Kalkine MediaHighlights,Major Acquisition:,Quickstep Holdings agrees to a binding Scheme Implementation Deed (SID) with ASDAM Operations Pty Ltd.,Generous Offer:,Shareholders to receive AU$0.575 per share, a 195% premium to Quickstep's last closing price before t...
Wesfarmers (ASX:WES) to Divest Coregas to Nippon Sanso Holdings for $770 Million
December 20, 2024 01:44 PM AEDT| By Team Kalkine MediaHighlights,Wesfarmers (WES) plans to divest,Coregas,to Nippon Sanso Holdings for $770,m.,The deal is subject to regulatory approvals and expected to conclude by mid-2025,.,Coregas,is a key supplier of industrial, medical, and specialty gases in Austr...
AGL Energy Faces $25 Million Penalty Over Centrepay Issues
December 19, 2024 11:46 AM AEDT| By Team Kalkine MediaHighlights,Federal,Court orders AGL Energy (AGL) to pay a $25 million penalty,.,Breaches involved,Centrepay,refunds and notifications to customers,.,AGL emphasizes improvements in processes since the issue arose,.,The Federal Court has directed subsi...
Transformative Pipeline Project by APA Group to Boost Beetaloo Gas Infrastructure
December 18, 2024 04:51 PM AEDT| By Team Kalkine MediaHighlights,APA Group (APA) secures a significant pipeline project to enhance gas transport from the Beetaloo sub-basin.,Tamboran Resources (TBN) partners with APA Group for the Sturt Plateau Pipeline connection.,New pipeline aims to support energy se...
APA Group (ASX:APA) Faces Share Price Challenges Despite Profitability
December 18, 2024 01:06 PM AEDT| By Team Kalkine MediaHighlights,APA Group (APA) delivered a total shareholder loss of 19% over the past five years,.,Despite moving from losses to profitability, the share price declined by 38%,.,Dividends have supported shareholder returns, highlighting the need for dee...
Viva Leisure Expands Globally with First UK Entry Under Plus Fitness Brand
December 18, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights:,Viva Leisure (,ASX:VVA,) enters the United Kingdom via a 10-year Master Franchise Agreement for its Plus Fitness brand, marking its maiden international expansion into the region.,The first UK-based Plus Fitness gym is slated to launch in...
Is Treasury Wine Estates (ASX:TWE) Managing Its Debt Effectively?
December 17, 2024 01:36 PM AEDT| By Team Kalkine MediaHighlights,Treasury Wine Estates (TWE) has notable levels of debt on its balance sheet,.,The company’s free cash flow accounts for over half of its EBIT,,indicating,manageable liquidity,.,Recent declines in earnings raise concerns about future debt m...
Sprintex (ASX:SIX) Secures Record UK Order and Strengthens Global Expansion
December 17, 2024 12:34 PM AEDT| By Team Kalkine MediaHighlights,Sprintex,(SIX) secures record $17.5 million G Series blower order for the UK,Euroteck,appointed exclusive distributor in India under a $7.16 million agreement,Sprintex’s,compressors support ammonia emissions reduction in European agricultu...
Star Entertainment Shares Drop 4.9% Amid Leadership Shake-Up
December 17, 2024 11:51 AM AEDT| By Team Kalkine MediaHighlights,Star Entertainment shares dropped,4.9% to AU$0.195,, marking a 60.2% decline in 2024 so far.,Deputy secretary Kate Williams and Gold Coast operations chief Mark Mackay resigned within days of each other.,Frank Krile appointed,as the group...
Star Entertainment's Shares Rise Amid CEO Departure at Gold Coast Casino
December 16, 2024 01:58 PM AEDT| By Team Kalkine MediaHighlights,Star Entertainment (SGR) sees share price increase after CEO resignation,.,Departure linked to deferred,licence,suspension by Queensland authorities,.,Regulatory challenges continue to,impact,the company's overall performance,.,Star Entert...
Sprintex Expands Global Reach with A$7 Million Deal in India
December 16, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights,Sprintex,(SIX) secures an A$7 million distribution deal for G Series Blowers in India,.,Collaboration with,Euroteck,focuses on energy-efficient solutions and local assembly,.,India's growing turbo blower market enhances potential for mutua...
Xamble Group Secures $1.5M Strategic Investment from 7-Eleven Malaysia to Accelerate Growth
December 13, 2024 02:06 PM AEDT| By Team Kalkine MediaHighlights:,Investment and Strategic Partnership:,Xamble,Group (ASX: XGL) receives $1.5 million from 7-Eleven Malaysia as part of a strategic investment aimed at expanding its B2B influencer marketing platform.,Platform Enhancement:,Funds will suppor...
Vinyl Group Acquires Concrete Playground to Expand Customer Base
December 12, 2024 01:18 PM AEDT| By Team Kalkine MediaHighlights:,Acquisition Agreement,:,Vinyl Group Ltd (,ASX:VNL,) has agreed to,acquire,digital city guide Concrete Playground for $5 million in cash and shares.,Revenue and Profitability,:,Concrete Playground's revenue exceeded $4 million in the past...
NextEd Group Shares Surge 43% Following Major Deal with IH Sydney Training Services
December 11, 2024 01:17 PM AEDT| By Team Kalkine MediaHighlights,43% Surge in Share Price:,NextEd Group experiences a significant share price increase, driven by a strategic deal in the educational sector.,Exclusive Agreement Boosts Enrollment:,The deal with IH Sydney Training Services provides NextEd e...
Jefferies Analysts See Temporary Impact from Supply Disruption on Endeavour Group
December 11, 2024 12:44 PM AEDT| By Team Kalkine MediaHighlights,Supply Chain Disruption Hits Sales:,A strike at Woolworths’ distribution centers has led to a AU$25 million sales impact for Endeavour Group, but analysts expect this to be a one-off issue.,No Ongoing Price Investment Risk:,Unlike Woolwort...
Endeavour Group’s (ASX:EDV) Growth Reflects Strong Operational Efficiency
December 11, 2024 12:43 PM AEDT| By Team Kalkine MediaHighlights,Endeavour Group (EDV),demonstrates,improving returns on capital,.,The company effectively reinvests earnings, boosting operational efficiency,.,Notable growth in capital employed aligns with increased profitability,.,Endeavour Group (ASX:E...
Citi Downgrades Domino's Pizza to 'Neutral' Amid Ongoing Struggles in Key Markets
December 11, 2024 12:42 PM AEDT| By Team Kalkine MediaHighlights,Weakness in France Disappoints Analysts:,Citi downgrades Domino's Pizza to "neutral" from "buy" as the company faces ongoing challenges in France despite recent initiatives.,Slow Store Expansion and Closure Concerns:,The pizza chain's slow...
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