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Cyrus and Bain make final cut for Virgin Australia shortlist

Administrators handling the sale of paralysed airline Virgin Australia (ASX: VAH) have narrowed the shortlist down to two bidders, selecting Bain Capital and Richard Branson-linked investment advisory Cyrus Capital Partners for the process. The decision means BGH Capital and Indigo Partner...

Cyrus and Bain make final cut for Virgin Australia shortlist
Business News Australia reports on business news, trends, and profiles for Melbourne business owners, executives and entrepreneurs.
Cyrus and Bain make final cut for Virgin Australia shortlist
Cyrus and Bain make final cut for Virgin Australia shortlist

Administrators handling the sale of paralysed airline Virgin Australia (ASX: VAH) have narrowed the shortlist down...

Federal Government to inject an extra $66 million into COVID-19 research
Federal Government to inject an extra $66 million into COVID-19 research

Australian universities and medical research institutions will receive $66 million from the Federal Government for...

Zip Co bets the house on US fintech QuadPay
Zip Co bets the house on US fintech QuadPay

Buy-now-pay-later giant Zip Co (ASX: Z1P) has today announced its boldest move to date after entering a deal to sa...

Victoria's startup sector to drive post-pandemic economic growth
Victoria's startup sector to drive post-pandemic economic growth

A new report from Deloitte Access Economics has found the Victorian startup sector has the potential to play a maj...

ANZ sells UDC Finance to Shinsei Bank for $705m
ANZ sells UDC Finance to Shinsei Bank for $705m

ANZ (ASX: ANZ) continues its sell-off of non-core businesses today with the sale of New Zealand-based asset financ...

eToro's commission-free stock offering to attract a new generation of Australian investors
eToro's commission-free stock offering to attract a new generation of Australian investors

Earlier this month eToro launched its commission-free stock offering into Australia, giving users of the investmen...

Iress to raise $170 million for OneVue acquisition
Iress to raise $170 million for OneVue acquisition

Listed fintech Iress (ASX: IRE) will raise $170 million to strengthen its balance sheet and fund a proposed acquis...

Smiles Inclusive cash flow statement missed the mark by $1.1 million
Smiles Inclusive cash flow statement missed the mark by $1.1 million

The situation at Smiles Inclusive (ASX: SIL) has gone from bad to worse, with an amended quarterly cash flow state...

Smiles Inclusive founder watched $10m 'evaporate in his hands' before selling up
Smiles Inclusive founder watched $10m 'evaporate in his hands' before selling up

What began as an IPO to bring more than 50 dental practices under one roof became a "car crash that I ca...

Costa Group CEO Harry Debney to retire
Costa Group CEO Harry Debney to retire

After a decade of service to Australia's largest horticultural company Costa Group (ASX: CGC), CEO Harry Debne...

GSK, Novartis slapped with $4.5m fine for misleading marketing
GSK, Novartis slapped with $4.5m fine for misleading marketing

The Federal Court has ordered two European pharmaceutical companies two pay $4.5 million in penalties after m...

iSignthis lifts stake in NSX, squares up against "monopolist incumbent" ASX
iSignthis lifts stake in NSX, squares up against "monopolist incumbent" ASX

Within days of reprobation from the Australian Stock Exchange (ASX: ASX) over its response to a suspension with Vi...

News Corp puts 110-plus print titles on the chopping block
News Corp puts 110-plus print titles on the chopping block

News Corp Australia has today announced plans to shut down print publications of 115 mastheads across the country,...

Carlton & United Breweries to deliver 2,000 barrels of free beer to Australian pubs and clubs
Carlton & United Breweries to deliver 2,000 barrels of free beer to Australian pubs and clubs

To support Australian pubs and clubs Carlton & United Breweries (CUB) is rolling out 2,000 barrels of free bee...

Class action launched over Boral's fumble in the US
Class action launched over Boral's fumble in the US

Maurice Blackburn has lodged a class action in the Federal Court today against building materials supply company B...

Companies

Cyrus and Bain make final cut for Virgin Australia shortlist
Cyrus and Bain make final cut for Virgin Australia shortlist

Administrators handling the sale of paralysed airline Virgin Australia (ASX: VAH) have narrowed the shortlist down...

Property

HIA forecasts new home building to fall in half
HIA forecasts new home building to fall in half

A recent national report from the Housing Industry Association (HIA) forecasts half a million jobs in the con...

Opinion

Can't resist splurging on online shopping? Here's why
Can't resist splurging on online shopping? Here's why

The demand for online shopping has obviously increased since COVID-19 restrictions were put in place. But less...

Leadership

'Leadership is learnable', says doctor on the COVID-19 frontline
'Leadership is learnable', says doctor on the COVID-19 frontline

There are few places right now where leadership and risk management are as paramount as in a hospital, especially ...

Entrepreneurship

COVID-19 challenges fail to stifle success for Made With Plants
COVID-19 challenges fail to stifle success for Made With Plants

An Australian vegan brand has found success on the shelves of Woolworths despite having the odds stacked against i...

Technology

Job sharing portal BenchOn sees spike in SME sign-ups
Job sharing portal BenchOn sees spike in SME sign-ups

With Australian talent sharing platform BenchOn reporting a 275 per cent increase in remote work opportunities, fo...

Class action launched over Boral's fumble in the US
Class action launched over Boral's fumble in the US

Maurice Blackburn has lodged a class action in the Federal Court today against building materials supply company B...

Finance

Receivers appointed for Mayfair 101 fund
Receivers appointed for Mayfair 101 fund

With a Dunk Island redevelopment project in limbo and pressures from the corporate watchdog over allegedly mislead...

Marketing

Localsearch vows to help Australian businesses stay afloat amidst Covid-19 crisis
Localsearch vows to help Australian businesses stay afloat amidst Covid-19 crisis

A Coronavirus Savings Package aimed at assisting tens of thousands of Australian businesses affected by the COVID-...

Executive Lifestyle

Photo Auction to take emerging Australian artists to the world
Photo Auction to take emerging Australian artists to the world

With its launch into Australia last November, Photo Auction hoped to add yet another market to its fast-growing fo...

Conference And Events

Entertainment and hospitality industry haemorrhaging
Entertainment and hospitality industry haemorrhaging

Blues Fest in Byron Bay, Vivid Sydney 2020, and a string of corporate conferences and events around the country ha...

Video

Adelaide robo-welders K-TIG list on the ASX
Adelaide robo-welders K-TIG list on the ASX

Following an oversubscribed $7 million capital raise Adelaide-based disruptors K-TIG have listed on the ASX under ...

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