Mirvac Group
Scandal identifies a very interesting tax dodge
Sometimes it takes a whiff of scandal to alert you to a fantastic way to avoid paying a massive tax and perhaps also find a new option for investing your money. In this case it was an ABC investigation into the Wollert community land lease property of listed Lifestyle Communities (ASX: LIC) which blasted the […]
Blackmores greenlights $1.8b Kirin takeover, Kogan remains profitable as sales soften and Megaport reveals higher EBITDA guidance
Shares in Australia’s largest health supplement group Blackmores (ASX: BKL) surged this week after it revealed Japan’s Kirin had made a $1.8 billion offer. Blackmore’s board and major shareholder Marcus Blackmore have given the acquisition the green-light. Mr Blackmore had an 18% stake in the company his father founded, and sold his holding to Kirin […]
Mirvac resignations continue, Dalrymple Bay signs 10-year agreement and AGL resists leading shareholder
Mirvac Group (ASX: MGR) confirmed on Tuesday that chief executive officer Susan Lloyd-Hurwitz would be joining chairperson John Mulcahy as the latest board members to depart the property giant. Following 10 years in the leadership position, Ms Lloyd-Hurwitz’s retirement from the board is scheduled for 30 June 2023, six months after Mr Mulcahy’s planned departure […]
ANZ’s $4.9b bid for Suncorp Bank, Woolworths buys Shopper Media, and Worley wins services contracts with Saudi giant Aramco
Australia and New Zealand Banking Group (ASX: ANZ) has announced a $4.9 billion bid to acquire Suncorp Group’s (ASX: SUN) Suncorp Bank division, with the acquisition expected to accelerate growth of ANZ’s retail and commercial businesses, while expanding its presence across the east coast. The major bank entered a trading halt to raise $3.5 billion […]