City Melbourne Financial News

Potential investors in a Gold Coast-based dental chain were being told wildly different forecasts for growth than what a due diligence committee was hearing, a court heard on Monday.

The owners of a 55.45 per cent stake in Melbourne toll road EastLink are ready to launch the mooted auction,after the auction’s big gorilla, Transurban, was handed a speeding ticket by the competition regulator on its ability to bid.

Collingwood’s nail-biting AFL grand final win over the Brisbane Lions on Saturday delivered the Seven Network the biggest TV audience of the year – outside the FIFA Women’s World Cup.

Brisbane Lions director and healthcare millionaire Cathie Reid has made a dash back from Paris Fashion Week to watch her team in Saturday’s AFL grand final in Melbourne.

Retailing billionaire Solomon Lew is reigniting the offshore growth plans of the fashionable stationery chain Smiggle after it was hit hard in the COVID-19 pandemic where it shut 30 stores in the United Kingdom.

Victoria’s new Premier Jacinta Allan should scrap $200 billion suburban rail loop, defer any other transport expenditure it can to ease pressure on costs, and charge cars to enter and leave Melbourne’s CBD to give trams on major routes a freer run in the inner city, experts say.

European infrastructure investor DIF Capital Partners is gearing up to sell its entire Australian portfolio, Street Talk can reveal.

Daniel Belcher’s Redwood North is getting into the automation game.

Erin Patterson. Three people, including Wilkinson's wife, died after the meal. Erin Patterson said that it was an accident and she had no reason to harm his relatives, whom she had invited for lunch. She too fell sick and was admitted to a hospital. The police believe that the food contained death cap mushrooms, which are lethal if consumed. Patterson is not facing charges.

Canberra Airport boss Stephen Byron has called on Qantas to give a free flight to every passenger on the Canberra-Sydney route who has been stuck on the tarmac after the airline’s monthly cancellations hit a record high of almost 15 per cent.

The last night of Ronald Dale Barassi’s rich life appropriately featured a belter of an AFL semi-final where he would have been in his element as a player or coach.

An Australian man tried to sue a hospital in Melbourne over claims that he developed a “psychotic illness” as a result of watching his wife give birth via caesarean section.

A group of Indigenous Australian Rules football players, led by 1980s legend Phil Krakouer, launched a landmark class action against the AFL on Friday, claiming the game failed to protect players from vile racial abuse on the field that resulted in life-altering damage.

Asian stocks rose on Thursday, as traders figured a small upside surprise for U.S. inflation was unlikely to push up interest rates and turned their focus to a European Central Bank meeting later in the session. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% in early trade.

Crackerjack Foods, a privately owned Melbourne manufacturer of potato cakes, has been bought out by US french fries giant Lamb Weston, which is backing the potato cakes and hash browns market to grow strongly as Australians demonstrate a preference for pub dining over restaurants.

Chevron and the Offshore Alliance of trade unions have been sent back to mediation ahead of a full bench hearing of the Fair Work Commission set for September 22 in a last-ditch effort to resolve the protracted industrial dispute that is threatening Australia’s LNG exports.

By Tom Westbrook

traders waiting on U.S. inflation data to signal that interest rates may have peaked. The yen notched its best day against the dollar in two months overnight, after Bank of Japan Governor Kazuo Ueda said policymakers might have enough economic information by year's end to determine that short-term rates will need to rise. The yuan had its best day in six months after authorities vowed to correct one-way moves and Reuters reported the central bank had stepped up scrutiny of dollar buying. Both, however, remain near their weakest levels of the year and with the yuan at 7.3022 per dollar in offshore trade and the yen last a little off Monday highs at 146.68 per dollar. Japanese government bonds remained under pressure on Tuesday, with 10-year JGB yields up 1 basis point to a fresh high of 0.71%. «The result of Ueda's comments was an intense move higher in Japanese swaps and government bond yields,» said Chris Weston, head of research at brokerage Pepperstone in Melbourne. "(It) is certainly constructive for yen longs.

Alvarez & Marsal is making its mark in the professional services industry, pilfering another partner from one of the big four firms.

UK lawyers behind a $70 billion class action against BHP over the Samarco mine disaster will lobby Australian politicians, super funds and investors this week ahead of a major shareholder meeting for the mining giant.

ANZ has highlighted rising returns within its institutional bank as evidence of its turnaround, as well as the potential for higher earnings from its more focused strategy, which is prioritising payments and transaction banking services for large companies over lending to them.