City Victoria Financial News

20.10 / 21:03

UPS Provident PwC performer information gossips ASIC bans ex-PwC partner Peter Collins for eight years

The former PwC Australia partner at the heart of the firm’s tax leaks scandal has been banned from providing financial services for eight years.

15.10 / 09:35

Provident Healthcare pandemic blues testing Bain Capital-backed Estia in $400m-plus BlueCross auction

Fresh from its $838 million takeover of aged care operator Estia Health, Bain Capital is back for another piece of the pie.

13.10 / 05:27

COST UPS show social Axing Games boosted interest in Victoria, tourism boss claims

A top Victorian tourism bureaucrat says axing the 2026 Commonwealth Games did not damage the state’s reputation for hosting major events and in fact boosted travellers’ interest in the state.

11.10 / 09:07

Provident Target Gap Experts information reports Bowen vows ‘entire government apparatus’ readying to avoid blackouts

Federal and Victorian energy ministers have declared confidence in the Australian Energy Market Operator to keep the lights on this summer as it commissions companies to provide an extra 118 megawatts in South Australia and 120 megawatts in Victoria to boost supply before the return of an El Nino weather system.

10.10 / 01:43

Ford Volkswagen BMW Mercedes-Benz Toyota Experts Rich Lister Nick Politis in $245m sale of BMW, Mercedes dealerships

Rich Lister Nick Politis will pocket $245 million from the sale of some privately owned car dealerships in Victoria to the ASX-listed group Eagers Automotive, in which he has a 27.6 per cent stake.

01.10 / 07:11

Citi Lowe's JPMorgan RBC information reports open EastLink auction speeds past ACCC pit stop; data room set to open

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.

27.09 / 15:53

CEO Strategy BURST Bill track gossips Blackstone underestimated size of Crown Resorts challenge: chairman

The chairman of Crown Resorts says US investment giant Blackstone underestimated the amount of work that would be required to transform the casino giant’s culture and systems following years of scandal, but is confident it is on track to regain its licences early next year.

26.09 / 20:19

UPS Entertainment Strategy PayDay dutch Dutch infra investor DIF Capital to farewell Australia; MacCap hired

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

26.09 / 04:27

UPS Citi BAY Celebrity country social Australia's Byron Bay limits Airbnb-like rentals amid housing crisis

SYDNEY (Reuters) — Popular Australian tourist destination Byron Bay will limit the availability of some properties for short-term holiday rentals, as authorities try to free up homes for residents amid a nationwide housing crisis.

21.09 / 09:03

Provident BLOCK Platform UBS information prevention ACCC’s EastLink decision could crimp Transurban toll road growth

Incoming Transurban chief executive Michelle Jablko faces a more difficult task expanding the tollroad group after the competition watchdog blocked it from buying Melbourne’s EastLink motorway.

20.09 / 23:47

BLOCK Platform prevention ACCC blocks Transurban from buying Melbourne’s EastLink

Transurban has been blocked for the first time ever by regulators from acquiring a toll road in Australia, with the competition watchdog ruling that it cannot proceed with a bid for Melbourne’s EastLink tollroad.

20.09 / 02:57

Citi Mobile Bankers board Vic bus operator Ventura; binding bids loom

Things are getting wheel-y serious in Victorian bus bigwig Ventura Group’s search for a new owner.

15.09 / 10:19

Landmark Action Dreams Fallout voice star stars Indigenous Indigenous stars launch racism class action against AFL

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.

14.09 / 21:57

Provident BLOCK Platform RBC Shell Deal Edify Energy back to shop Victorian battery after Riverina deal

Renewables developer Edify Energy has been sounding investors for a 185-megawatt battery energy storage system in Victoria via ICA Partners, the same adviser that helped it sell NSW’s biggest battery last year.

10.09 / 19:35

COST Art Aware Pool voice Inside Power play Big industry super unites in political lobbying power play

A new “big eight” of superannuation funds will dominate the $3.5 trillion retirement savings system by uniting under a soon-to-be announced policy and lobby group that will court both sides of politics.

06.09 / 18:05

COST UPS Citi FIVE Digital country Posthaste: Homeowners in these parts of Canada have built hundreds of thousands in equity in 5 years

Rising home prices have sent property values soaring over the past five years, and for some lucky buyers who snapped up homes in 2018, that’s amounted to hundreds of thousands of dollars in extra equity.

05.09 / 05:41

UPS Manufacturing Tesla Toyota show country tax breaks Tesla boss calls on Chalmers to give tax breaks for lithium processing

Tesla chairman Robyn Denholm has urged Treasurer Jim Chalmers to lure at least 30 battery-grade lithium processing facilities to Australia with tax breaks or risk the country losing out to North America and Europe.

31.08 / 03:47

COST UPS Power ‘Infinitely higher’: Andrews blames ‘clunkers’ for power bill crunch

Daniel Andrews has warned Victorians to brace for much higher power prices during the energy transition, after the energy market operator identified the state as at key risk of blackouts this summer because the system is running behind on its conversion to renewable energy.

30.08 / 19:13

Action Gap Extending life of Eraring coal plant would help avoid blackouts: AEMO

Extending the life of Origin Energy’s 2800-megawatt Eraring coal-fired power station in NSW by two years would significantly ease pressure on the electricity grid, according to modelling done by the Australian Energy Market Operator.

30.08 / 14:19

UPS Williams BAY Accolade Wines offloads House of Arras to help cut debt

Accolade Wines has sold its House of Arras sparkling wines brand and vineyards, and the Bay of Fires winery and cellar door in Tasmania, to boutique player Handpicked Wines for an undisclosed price.

28.08 / 04:17

COST UPS Citi Provident EY stands by original business case for cancelled Games

Consultants say they stand by their work done on the original business case for the 2026 Commonwealth Games, despite the Victorian government later claiming costs had more than doubled when they cancelled the event.

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