Guzman y Gomez shares begin trading today on the ASX under the ticker GYG with a valuation of A$2.2 billion. Founder Steven Marks, a New Yorker who once worked for Steve Cohen’s SAC Capital and moved to Australia 22 years ago, is set to be worth more than A$200 million at the offer price. Marks, 52, is the […]
The Sharks’ recent performance against the Eels, as described by Craig Fitzgibbon, clearly underlines a team in need of immediate improvement. The comments made by Fitzgibbon reflect a sense of urgency and dissatisfaction with his team’s lack of energy and defensive capabilities. This match has served as a wakeup call, not just for the players […]
There’s a lot of talk about Australia’s hot property market. Prices in Perth are up 20 per cent in the last year alone. The property market is defying interest rates that have shot upwards at record pace. But one major market is missing out, and it is the city that is, by some measures, Australia’s largest. Melbourne property prices are […]
Twelve years ago, Labor taxed Australia’s mining companies and now it wants to subsidise them with tax credits. The Coalition wants to repeal those subsidies, declaring them “billions for billionaires”, but two years after the Minerals Resource Rent Tax (MRRT) was legislated in 2012, the Coalition repealed it so the billionaires could keep their billions. […]
Just over half of Australians polled in exclusive research for Q+A believe the federal budget will leave them better off, with many sceptical the government can deliver secure and affordable housing. A YouGov survey commissioned by the ABC’s live audience show also reveals 58 per cent of Australians believe the country is heading in the wrong direction in […]
Shares in the embattled Star Entertainment (ASX:SGR) are likely to surge today with the news that the US casino group Hard Rock Hotels and Casinos is considering a bid. The Financial Review suggests that Hard Rock, based in Florida, is eyeing control of Star, offering significant capital investment to bolster the struggling gaming group. The Star brand […]
The Matildas will get another chance to thrill local football fans on home soil with Australia named as the host nation for the 2026 Asian Cup. The decision was confirmed at a meeting of the Asian Football Confederation (AFC) executive committee in Bangkok on Wednesday, after Australia was the only member nation to submit a […]
The cancellation of this year’s Groovin The Moo festival has resulted in many overseas artists scrapping entire lengths of their Australian tours and left up-and-coming talent to scrambling to find alternatives in keeping their music dreams alive. One of Australia’s biggest music festivals, Groovin The Moo was expected to take place in Bunbury this Saturday, […]
Bureaucrats in charge of the nation’s finances have opened the door to giving scandal-plagued consulting firm PwC Australia new taxpayer-funded contracts by Christmas. A missive published by the Department of Finance says PwC Australia has agreed not to bid for work until December 1, 2024. But the news came the same day a company it […]
The lengthy soaking of eastern New South Wales, including Sydney, may have at least another week to run as a large high-pressure system all but stalls over Tasmania, the Bureau of Meteorology says. Sydney has already clocked up 124mm in the first six days of May, more than the long-run average of just over 117mm for the month. […]