City Victoria Financial News

20.07 / 06:01

UPS show performer star Endeavour beats Victorian pokies deadline, job losses possible

Endeavour Group chief executive Steve Donohue will reduce gaming hours in its Victorian pubs by the end of next month, in an attempt to show states it can be proactive on harm minimisation for gamblers, and beat the Victorian government’s deadline.

19.07 / 09:05

COST Citi Target FIVE Platform Goldman coaches core-plus funds on $80m-a-year Ventura

Up-for-sale Ventura, one of the country’s largest bus operators, makes $300 million of revenue, has an “infrastructure-like risk profile” which is expected to get core-plus funds’ wheels spinning, and could serve as a platform to “to unlock national expansion”.

18.07 / 23:37

COST UPS Citi Can India host 2026 Commonwealth Games? Here's what we know as Victoria backs out over A$7 billion cost

The Australian state of Victoria backed out of hosting the Commonwealth Games over a projected budget blowout. Officials said that hosting the 2026 edition of the sporting event could cost up to A$7 billion ($4.77 billion) - a far cry from the region's budgeted A$2.6 billion ($1.77 billion).

18.07 / 23:19

UPS Lowe's FIVE Matthews Intermediate Capital Group does the heavy lifting at self-storage REIT

Just weeks after Abacus Property ruled off its $3 billion demerger of Storage King, we’ve unearthed another deal in the red-hot self-storage sector.

18.07 / 05:45

COST MET FIVE Fighting Australian This Australian state has refused to host Commonwealth Games, ‘not a difficult decision’, says Premier; here's why

Also read: Japan Accuses Australia of Betrayal in Fight Over Natural-Gas Exports The multi-sport event, featuring 20 sports and 26 disciplines, was planned to be held across five regional hubs in Victoria. However, Andrews' team explored cost-cutting options, including reducing the number of hubs or moving the Games to Melbourne, but found them unfeasible.

17.07 / 04:57

UPS restrictions Endeavour slumps on profit hit from Victorian pokies restrictions

Shares in Endeavour were down more than 10 per cent in trade on Monday amid investor concerns about the impact of new poker machine restrictions in Victoria, the largest market for the company’s pubs division.

16.07 / 11:27

COST UPS Action Crown set to be a winner from Victorian pokies clampdown

Crown Melbourne is set to be the beneficiary of restrictions on gaming machines in Victoria, with all venues bar the casino forced to close them between 4am and 10am from the middle of next year.

13.07 / 10:19

COST UPS Aviat UBS Viva Energy flags up to $60m earnings hit on Geelong refinery troubles

Viva Energy’s earnings will be crunched by costs and production challenges linked to prolonged maintenance at its troubled flagship Geelong refinery.

13.07 / 07:29

UPS Provident Target CEO Strategy Parke Power Deal Japan’s Inpex in $654m green power deal

Japan’s Inpex Corporation has plunged into renewable energy development in Australia with an investment of more than $650 million, significantly reducing its concentration in the under-pressure gas sector.

11.07 / 09:51

UPS Cooper Manufacturing CEO RIG Shell Gas code has only delayed new supply: producers

The government’s intervention in the east coast gas market has delayed getting much-needed gas to buyers, in some cases by more than 12 months, say chief executives of small producers who point to policy moves that have made developing gas tougher.

05.07 / 03:19

Provident BLOCK ANZ Brookfield Consumers to pay more if Brookfield buys Origin, ACCC told

Victorian households and businesses would pay higher prices for electricity if Brookfield is allowed to take over Origin Energy because there would be less competition in supply, the competition watchdog has been told.

02.07 / 09:51

UPS Citi Aware RBC EastLink auction gears for kick-off despite Transurban’s ACCC pothole

It’s pedal to the metal for deal teams waiting on the auction for Melbourne toll-road operator EastLink, with a July kick-off still on the calendar after the most likely buyer, Transurban, was warned that the competition regulator had concerns about it acquiring another motorway.

02.07 / 05:27

Rescue 3 Americans, dog saved in marine rescue near Victoria, B.C.

Three Americans and a dog, who were onboard a sinking 40-vessel, were rescued Friday evening, just off the coast of Victoria, B.C.

30.06 / 11:15

Provident Action NRG Energy regulator takes court action against AGL

The Australian Energy Regulator has launched court action against AGL Energy for allegedly failing to have available crucial grid stability services from its coal power generators in Victoria and NSW.

30.08 / 18:13

Legal banking Crypto.com Australian Crypto.com Mistakenly Wired Its Australian User USD 10.5M

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