Lion Dairy & Drinks a good fit for Coca-Cola Amatil: Citi

Lion Dairy & Drinks a good fit for Coca-Cola Amatil: Citi

As the clock ticks on Japanese brewer Kirin's strategic review of Lion Dairy & Drinks, Australia's largest non-alcoholic beverages manufacturer, Coca-Cola Amatil, is emerging as the most likely buyer of brands such as Berri juice, Dare iced coffee and Big M flavoured milk brands. Coca-Cola Amatil (CCA) and its major shareholder, Atlanta-based The Coca-Cola Co, have refused to confirm or deny…
Justin Milne allegedly referred to women as ‘chicks’ in MYOB meeting

Justin Milne allegedly referred to women as ‘chicks’ in MYOB meeting

Justin Milne, who resigned as ABC chairman on Thursday morning, allegedly used the term "chick" to refer to a woman at the MYOB Group, the accounting software company he also chairs, according to a person who worked with him. Two years ago during a meeting with institutional investors in MYOB, Mr Milne was allegedly asked about his plans…
Cape Town’s Klein Constantia vineyard replicates a historic sweet sticky wine

Cape Town’s Klein Constantia vineyard replicates a historic sweet sticky wine

In October 1787, en route to Botany Bay, the First Fleet stopped off in Cape Town to replenish provisions and buy animals and plants for the intended new colony in Australia. While the convicts were left to languish for weeks on board, the British officers and marines went sightseeing on dry land – and indulged…
Banking royal commission: Hayne’s interim report could be pox on banks’ houses

Banking royal commission: Hayne’s interim report could be pox on banks’ houses

As the financial sector holds its breath ahead of the release of the banking royal commission's interim report on Friday, it might pay to go back to day four of the first round of hearings, held more than six months ago. It was then that Commissioner Ken Hayne gave his famous "two poles" speech, and…
Uni rankings slip in wake of funding cuts, but experts say Australia is doing OK

Uni rankings slip in wake of funding cuts, but experts say Australia is doing...

An international university ranking company claims there are signs of stagnation in Australian higher education, with many universities "losing ground and reputation faced with funding cuts and intensified global competition". But Innovative Research Universities, a lobby group, said Australia was still doing well on research by any benchmark. Times Higher Education said in its 2019…
Home owners willing to accept bitcoin for property despite volatility

Home owners willing to accept bitcoin for property despite volatility

Despite a sharp fall in bitcoin prices over the past eight months, some bullish investors are still willing to accept the cryptocurrency instead of Australian dollars for the sale of their multimillion-dollar homes. One bitcoin is currently trading at $US6448, down from its peak in December 2017 of $19,535.70. Now with one bitcoin worth $A8786,…
BHP makes glacial progress on gender parity pledge

BHP makes glacial progress on gender parity pledge

With great fanfare in October 2016, BHP chief executive Andrew Mackenzie announced the miner's "aspirational goal" for 50 per cent of his employees to, by 2025, be women. He might as well have laid out a roadmap for replacing his ore volumes with Play-Doh. Don't get us wrong, a target is admirable and necessary, and…
Scottish Pacific financed business with ties to Plutus tax fraud

Scottish Pacific financed business with ties to Plutus tax fraud

Scottish Pacific, the small business lender that is the subject of a $630 million private equity bid, was a key financier of a labour-hire firm with strong links to companies and individuals allegedly involved in the $130 million Plutus tax role fraud. According to public documents, Scottish Pacific has an existing claim on the assets…
Acting AGL chief Brett Redman has some fans

Acting AGL chief Brett Redman has some fans

The proudest shareholders at the AGL Energy annual meeting at the Melbourne Recital Centre had to be Alan and Jeanette Redman, parents of Brett, the acting CEO since Andy Vesey suddenly got his marching orders last month. The beaming couple travelled from their home in Cobbitty in the NSW Southern Highlands. Pere Redman – coincidentally a longstanding…
Investors fret over Hayne’s ‘unconventional’ commission

Investors fret over Hayne’s ‘unconventional’ commission

With 48 hours until the release of Hayne's interim report, investors are sweating. This commission has not been kind to the executives of banks, insurers and wealth management businesses. And justifiably so, given the appalling revelations that have emerged. Bad headlines are one thing; to some degree shareholders are used to them. After all, bank…

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