Business
Companies
Historic former Fletcher Jones factory up for sale
The factory, with its distinctive rooftop steel ball-shaped tank, has been a Warrnambool landmark for more than a generation.
- by Stephen Miles
Latest
Build-to-rent specialist Novus grows portfolio to over $1 billion
National private developer Novus has expanded its footprint in the burgeoning build-to-rent sector with the purchase of site in Melbourne which will be the home to 212 apartments with an end value of $250 million.
- by Carolyn Cummins
‘Higher costs’: Woolies changes delivery subscription terms
The group’s delivery subscription will have a higher minimum spend per shop from July.
- by Emma Koehn
Analysis
Crown Unmasked
Blackstone closer to closing books on Crown liabilities after hefty fine
Regulatory uncertainty was the biggest gamble Blackstone took when it acquired Crown Resorts for $8.9 billion cash last year.
- by Colin Kruger
Qantas eyes $400m profit bump from direct flights to London, New York
The carrier has committed to overhauling its app to include baggage tracking and more booking flexibility, as well as a more streamlined boarding process.
- by Amelia McGuire
Updated
Casinos
Crown Resorts and AUSTRAC agree to $450 million penalty
Crown Resorts is bracing to pay one of the biggest financial penalties in Australian corporate history over the group’s anti-money laundering and counter-terrorism failings at Crown Perth and Crown Melbourne.
- by Amelia McGuire
Opinion
PwC tax scandal
PwC had one product to sell. Turns out it wasn’t a good one
PwC is trying desperately to head off what could be a global crisis for the firm’s network of affiliated businesses, but the damage has already been done.
- by Stephen Bartholomeusz
‘Honeymoon is over’: Kmart owner doubles down on OnePass as rival Amazon Prime soars
Wesfarmers CEO Rob Scott says the group’s delivery subscription program will have unique selling points to its online competitor.
- by Emma Koehn
Mistakes and miscalculations: How the Murdochs and Fox got it so wrong
It has been one of the biggest legal and business debacles in the history of Rupert Murdoch’s media empire.
- by Jim Rutenberg, Michael S. Schmidt and Jeremy W. Peters
High-performance wheel maker to leave home in race to thrive
Geelong-based carbon fibre wheel innovator, Carbon Revolution, will list its manufacturing business on the NASDAQ exchange in America.
- by Simon Johanson
Opinion
PwC tax scandal
PwC horror show claims fresh casualties, with more damage on cards
Given the current mood of the Senate, the latest round of estimates hearing is unlikely to throw up any good news for the professional services firm.
- by Sarah Danckert