Two family-owned supply chain trackers and labelling experts combine as Peacock buys insignia

Two Australian family-owned supply chain trackers specialising in labelling solutions are joining forces after Peacock Group signed an agreement to acquire insignia, a Brisbane-based company servicing 3,500 customers nationwide for an undisclosed sum. The Melbourne-based buyer is best known for its brand Peacock Bros, founded in 1888 and n...

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Struggling games developer Mighty Kingdom lifts capital raise to $8.2m

Adelaide-based game developer Mighty Kingdom (ASX: MKL) will dilute shareholdings further after receiving commitments to lift its capital raise from $6.2 million to $8.2 million as sophisticated and institutional investors bought in to a proposed reset with new leadership. With the exception of institutional backer Phoenix Portfolios and s...

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Abu Dhabi fund ADQ buys 49pc stake in infrastructure investor Plenary for $1 billion

Abu Dhabi-based sovereign wealth fund ADQ has reached a deal to buy 49 per cent of shares in Australian infrastructure development financier and manager Plenary, a business that has been involved in a wide range of iconic projects from the Gold Coast Light Rail to the Melbourne Convention and Exhibition Centre. The deal, understood to be w...

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State pouring $30m into Great Keppel Island after Rinehart backs out of resort plans

The Queensland Government is injecting $30 million into an upgrade of Great Keppel Island as part of a masterplan aimed at restoring the southern Great Barrier Reef island to its former glory as a world-class tourism destination. The masterplan, drafted following extensive community feedback, is targeting a sustainable tourism development compr...

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‘Heat of the moment’: The Star’s chair regrets inflammatory texts with CEO

The Star Entertainment Group’s (ASX: SGR) executive chairman David Foster has blamed the “heat of the moment” for comments that he wanted to see the abolition of the NSW casino authority and the removal of the special manager Nicholas Weeks who was appointed to oversee the group’s casinos in 2022. In giving evidence befo...

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