City Melbourne Financial News

Private equity veteran Simon Moore is leaving the board of AMA after a tumultuous period with Australia’s biggest smash repair chain.

The WorldGrad, overseas education provider has established a partnership with La Trobe University, a university in Australia, for its ‘Global Year one Smart Programme.’ The programme aims to  enable students to complete the first year of their bachelor’s degree. Upon achieving this milestone, they are not only guaranteed admission to La Trobe University in Australia but also qualify for full post-study work rights. Developed in conjunction with Pearson, the Smart Programme awards students the Pearson BTEC Level-four certificate, which is equivalent to the initial year of an Australian or United Kingdom (UK) bachelor’s degree, according to an official release.

Kyle Sandilands and Jackie Henderson have officially signed a 10-year extension to their contract with ASX-listed media company ARN Media, in a deal that gives them a percentage of extra revenue and millions of shares as a bonus.

Brett Blundy, the billionaire chairman of Lovisa, says he will not buckle to investor concerns over excessive remuneration, after shareholders voted against the jewellery chain’s pay report for a third year running.

The corporate regulator stands ready to wield a new rule-making power over the ASX, to ensure its second attempt to rebuild CHESS is pro-competition by allowing new entrants seeking to offer similar post-trading services to directly plug into the new clearing and settlement system.

Despite concerted efforts to treat her injuries, the woman was urgently transported to St Vincent's Hospital in critical condition and placed in an induced coma. Unfortunately, the hospital confirmed her passing on Monday, attributing it to the injuries incurred during the fall. The heartbreaking accident transpired as throngs of concert-goers exited the stadium post the show's culmination.

About a third of Qantas, Jetstar and Virgin Australia domestic flights were late in October, new official statistics show.

The Australian arm of Allen & Overy risks losing trust with clients and the public if it stays silent on the cyberattack the international legal firm suffered last week, the former boss of the government’s cybersecurity agency said.

Ararat Meat Exports has at least $1 million worth of frozen lamb and mutton waiting to be loaded onto ships at Swanson Dock in Melbourne.

Australian government on Sunday described as «serious and ongoing» a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states since Friday. DP World Australia, which manages nearly half of the goods that flow in and out of the country, said it was looking into possible data breaches as well as testing systems «crucial for the resumption of normal operations and regular freight movement». The breach halted operations at the containers terminals in Melbourne, Sydney, Brisbane and Western Australia's Fremantle since Friday. «The cyber incident at DP World is serious and ongoing,» Home Affairs Minister Clare O'Neil said on social media platform X, formerly known as Twitter. A DP World spokesperson did not immediately respond to a Reuters request for comment on when normal operations would resume.

Myer’s outgoing chief executive John King predicted Black Friday trading to beat Christmas this year, after reporting improved turnover in the past seven weeks.

The Victorian government’s responsible gambling body is investigating soccer club Melbourne Victory after it signed a commercial deal with live-streaming site Kick, owned by Rich Lister and crypto casino mogul Ed Craven.

Victoria’s Suburban Rail Loop Authority has spent $126 million during its first 18 months of operations, with the “key achievement” being the laying of a 630-metre sewer pipe, annual reports reveal as experts call for it to be paused.

The Kinetic Group, which runs the red SkyBuses that transfer people from airports to city centres, plans to “shake up” Australia’s transportation industry and join the contest for train and tram network contracts.

Some people get a bottle of fine wine or pair of cufflinks for their birthday. Gai Waterhouse is trying to give Henry Field a Victoria Derby winner.

Qantas shareholders delivered a stinging rebuke of the airline’s management, handing its board one of the biggest-ever protest votes against an ASX-listed blue-chip company over its executive pay scheme.

By Byron Kaye

ACCC chairwoman Gina Cass-Gottlieb said Qantas’ “bundle of rights” defence does not answer the competition watchdog’s main lawsuit claim that the airline misled customers by selling tickets on cancelled flights, and signalled she will not back down from fighting the case in court.

Long-serving Greenhill managing director Simon McConnell has jumped to Luminis Partners, Street Talk can reveal. This is the first time the corporate advisory firm has employed someone in Melbourne.

The Australian Financial Review’s editorial cartoonist David Rowe has won the Australian Cartoonists Association’s Gold Stanley for best cartoonist of the year.

The first time Rich Gelfond visited Sydney, it was in 1996 for the opening of the IMAX cinema in Darling Harbour.