Ex-Creso, EverBlu director fined and disqualified over breaches including payments to 'ASX Wolf'

Adam Blumenthal, a former director of EverBlu Capital and Creso Pharma, has been ordered by the Federal Court to pay a fine of $850,000 and has been disqualified from managing corporations for five years, following action brought by the corporate watchdog for breaching his duties. The court found today that Blumenthal breached his duties as a d...

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Proptech Archistar teams up with Blackfort to deploy loans, kicks off with Simonds Group

Two Sydney-based companies that use artificial intelligence (AI) to service different needs within the property industry have joined forces, with intelligence platform Archistar teaming up with commercial real estate lender Blackfort to offer loans to its subscribers. Archistar helps expedite designs and builds for projects by utilising AI...

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Belle Lajoie promoted to co-CEO of Soda Infrastructure

After 16 years working with serial technology entrepreneur Bevan Slattery, Belle Lajoie has been promoted to the role of co-CEO of his Soda Infrastructure business that develops and invests in hyperscale subsea and terrestrial connectivity projects. The appointment, effective immediately, will see Lajoie work alongside Slattery in dri...

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Banducci couldn’t give senators Woolworths’ return on equity. What does the figure say about profit?

During yesterday’s senate inquiry into supermarket pricing, Greens senator Nick McKim threatened to hold outgoing Woolworths chief executive Brad Banducci in contempt for refusing to directly answer questions about the company’s profitability. McKim repeatedly asked Banducci for details about Woolworths’ return on equity, but ...

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Sydney aims to pack more people in through build-to-rent incentives for developers

The City of Sydney is looking to fast-track the development of build-to-rent (BTR) projects to tackle the housing crisis with plans to incentivise developers by offering them up to 75 per cent more floor space on new builds and conversion projects. Under proposed changes to the Sydney Local Environment Plan 2012, developers will have a five-yea...

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