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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.

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.

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.

Dec 19, 2024 · A breakthrough approval by the US Food and Drug Administration for Mesoblast’s (ASX: MSB) treatment for a common stem cell transplant complication has driven a 40 per cent surge in shares of the Melbourne-based biotech.

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 ...

Apr 8, 2024 · 3. James Ferguson (31), Robbie Ferguson (26) and Alex Connolly (25) Immutable Sydney. Founded in 2018 and cashed up from a $273 million Series C raise in early 2022, blockchain powerhouse Immutable has become a dominant force in the world of web3 gaming – a sector that has undergone phenomenal growth in recent years with the company’s Immutable X platform used by developers to bring games ...

Nov 13, 2024 · The non-binding indicative proposal represents an 83 per cent premium to the last closing share price for Selfwealth, and a 26 per cent premium to an offer the board rejected last year from multinational competitor Stake.. Stake's proposal last year came within months of Selfwealth reporting a maiden profit for FY23 and its then-CEO Cath Whitaker's abrupt resignation, and the board's dismissal ...

Dec 2, 2024 · The price paid for the near century-old property has not been disclosed. The privately-owned Oscars Group, a Sydney-based company with a national portfolio of 43 properties including events centres and retail assets, has beaten a strong contingent of domestic and international buyers to secure the property.

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.