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Free childcare for working families

Free childcare for working families

The Federal Government has today announced an extra $300 million in subsidies to allow free childcare for working parents and carers, adding to existing support schemes and $1 billion from the JobSeeker package to assist wages in the sector. Normally the fees paid to childcare centres are split between the Commonwealth Childcare Subsidy (...

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NSW social distancing powers will last until end of June

NSW social distancing powers will last until end of June

体育在线365 The battle to flatten the Covid-19 infection curve is far from over, with NSW Police Commissioner Mick Fuller (pictured) announcing the state's strict social distancing measures will be in place for 90 days. The commissioner told a press conference he won't be seeking an extension at the end of that period and "hopefully...

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Radio Rentals to close all stores

Radio Rentals to close all stores

体育在线365 All 62 Radio Rentals stores nationally will close tomorrow until further notice in light of Covid-19 restrictions. Thorn Group (ASX: TGA), Radio Rentals' parent company, says its focus is on protecting the health, safety and welfare of customers, team members, and the greater public. "The decision to close the stores is a res...

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Court awards damages to Rural Funds over Bonitas short sell report

Court awards damages to Rural Funds over Bonitas short sell report

The Supreme Court of NSW has declared a short selling report from US-based Bonitas Research against Rural Funds Group (ASX: RFF) was in breach of the Corporations Act and the ASIC Act. The court ordered damages of $530,201 payable by Bonitas and its principal Matthew Weichert, as well as costs of $368,974. Weichert has ...

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CSIRO starts pre-clinical trials for potential Covid-19 vaccines

CSIRO starts pre-clinical trials for potential Covid-19 vaccines

体育在线365 The first stage of testing Covid-19 vaccine candidates has commenced at CSIRO's high-containment biosecurity facility in Geelong today. The testing, which is expected to take around three months, is being conducted in partnership with the Coalition for Epidemic Preparedness Innovations (CEPI) - a group that aims to derail epidemics by...

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NEXTDC to raise $672m as data centre demand rises

NEXTDC to raise $672m as data centre demand rises

As demand for cloud-based solutions continues to grow, data centre operator NEXTDC (ASX: NXT) has announced a $672 million capital raising to bulk up its balance sheet and develop a new tower in Sydney. Unlike most ASX-listed companies, Brisbane-based NEXTDC has been trading at record highs lately and management appears to be making the m...

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Westpac appoints Peter King as CEO

Westpac appoints Peter King as CEO

Long-term Westpac (ASX: WBC) executive Peter King (pictured) has been appointed CEO today for a period of two years. King, who was appointed as acting CEO of Westpac in December 2019, has 25 years of experience at the bank. Westpac chairman John McFarlane says King's appointment will provide the necessary management stability and ...

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Profiteers could face jail under new Government regulations

Profiteers could face jail under new Government regulations

体育在线365 The Federal Government has introduced a raft of measures aimed at dissuading the export and price gouging of items considered "essential" in the fight against Covid-19. Minister for Home Affairs Peter Dutton says these practices needs to stop, and the Government has stepped in by introducing tough penalties for those attempting ...

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Nufarm completes $1.19 billion South American asset sale

Nufarm completes $1.19 billion South American asset sale

体育在线365 Australia's largest crop protection company Nufarm (ASX: NUF) has managed to pull off an asset sale worth more than 60 per cent of its market capitalisation, despite a volatile global market that has depressed asset values. Within weeks of passing a major regulatory hurdle in Brazil, Nufarm announced today it had completed the sale of...

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Grounded Webjet to raise $275 million

Grounded Webjet to raise $275 million

Update (2 April): The institutional component of the offer was oversubscribed raising $231 million. When the retail component of the offer is completed, Webjet is expected to have raised a total of $346 million. Travel company Webjet (ASX: WEB) hopes a $275 million equity raise will help the group survive the next few months as ...

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Twiggy Forrest's foundation commits $160m for medical supplies

Twiggy Forrest's foundation commits $160m for medical supplies

Mining magnate Andrew 'Twiggy' Forrest's Minderoo Foundation will donate up to $160 million to address Australia's extreme shortage of personal protective equipment (PPE), with the first plane loaded with supplies on its way to Perth today. The foundation has joined forces with Fortescue Metals Group (F...

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Brisbane car engineering firm changes gear to develop ventilator

Brisbane car engineering firm changes gear to develop ventilator

体育在线365 Brisbane-based Triple Eight Race Engineering is steering its manufacturing skills in a new direction in response to the increased strain on the health sector due to the Covid-19 pandemic. The company's engineering team has developed a low-cost ventilator prototype with input from medical professionals, local intensive care u...

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Australian manufacturing bounces back as shoppers stockpile

Australian manufacturing bounces back as shoppers stockpile

Shoppers stockpiling essential household goods has given the Australian manufacturing industry a welcome boost. Demand for food, groceries and personal care items in the midst of the Covid-19 crisis has encouraged Australian manufacturers to increase production and fill holes left by import disruptions. The Australian Industry Group (...

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Agri-exporters receive $110m air freight boost

Agri-exporters receive $110m air freight boost

体育在线365 An explosion of freight costs for agricultural goods and limited capacity have prompted the Federal Government to put forward $110 million to help agricultural and fishing exporters reach export markets. Deputy Prime Minister Michael McCormack says the International Freight Assistance Mechanism will help secure freight flights i...

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R.M.Williams shuts down Adelaide workshop

R.M.Williams shuts down Adelaide workshop

Iconic Australian apparel brand R.M.Williams has been "stopped in its tracks" by the Covid-19 crisis and forced to shut down all production at its South Australian workshop. Effective today its workshop in Salisbury, Adelaide, will be closed until further notice, resulting in the standing down of 709 employees. The company s...

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News Corp to suspend 60 community print publications

News Corp to suspend 60 community print publications

A rapid decline in advertising revenue has forced News Corp to suspend 60 community titles in NSW, Victoria, Queensland and South Australia as of 9 April. In an announcement yesterday the company said community mastheads would continue to publish digitally, with reporters and photographers expanding News Corp's hyper-local news covera...

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Rex returns to Queensland skies after State Government performs a barrel roll

Rex returns to Queensland skies after State Government performs a barrel roll

体育在线365 Regional airline Rex (ASX: REX) will resume services in Queensland after the State Government caved in to the carrier's force majeure declaration. A last minute intervention from the Queensland Department of Transport and Main Roads (TMR) will allow Rex to resume full services in Queensland from today, with a reduced schedule to come ...

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NSW Government calls on manufacturers to re-tool for Covid-19

NSW Government calls on manufacturers to re-tool for Covid-19

With global supply chains more or less kneecapped and exports of essential medical supplies in high-demand, the NSW Government is calling on local manufacturers to re-tool. The State hopes local manufacturers will redeploy spare capacity to manufacture medical equipment and hygiene products that are urgently needed to help fight Covid-19....

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Localsearch vows to help Australian businesses stay afloat amidst Covid-19 crisis

Localsearch vows to help Australian businesses stay afloat amidst Covid-19 crisis

体育在线365 A Coronavirus Savings Package aimed at assisting tens of thousands of Australian businesses affected by the COVID-19 pandemic was launched today by digital marketing gurus Localsearch. Three new products and significant cost savings are part of the company's discounted package which will help business owners with digital marketing dur...

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Retailers and landlords unite with leasing code of conduct

Retailers and landlords unite with leasing code of conduct

While Australia's banks will be given a $90 billion funding facility from the RBA and the country's Federal and State governments are offering unprecedented stimulus packages, there is still no clear-cut solution as to who foots the bill when retailers struggle to pay rent. Thousands of retail outlets nationwide have closed in rec...

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Adelaide's Detmold Group to produce millions of respirator and surgical masks

Adelaide's Detmold Group to produce millions of respirator and surgical masks

A South Australian food packaging company famous for its Detpak brand will pivot to manufacturing surgical and respirator masks to assist in the fight against Covid-19. Up to 160 extra staff will be hired at Detmold's Adelaide factory to produce 100 million masks for the Federal Government's National Medical Stockpile and 45 milli...

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Virgin Australia proposes $1.4 billion bailout from Federal Government

Virgin Australia proposes $1.4 billion bailout from Federal Government

Virgin Australia (ASX: VAH) has proposed a $1.4 billion bailout from the Federal Government so it can position itself to survive the Covid-19 crisis. The 90 per cent foreign-owned airline confirmed a report in today's edition of The Australian where it was revealed Virgin Australia was considering asking for the sum. The $1.4 bill...

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EML Payments nabs $189m discount for European acquisition

EML Payments nabs $189m discount for European acquisition

体育在线365 Prepaid card solutions provider EML Payments (ASX: EML) have skyrocketed by more than 60 per cent today following a drastic renegotiation of its largest acquisition to date. The Brisbane-based company had previously reached a deal to buy Prepaid Financial Services (Ireland) Limited (PFS) for £226 million (A$453.2 million), but ...

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Economic domino effect takes its toll on advertising giant WWP

Economic domino effect takes its toll on advertising giant WWP

体育在线365 With the Australian economy slowing down, especially with regard to retail and other businesses deemed 'non-essential', work is drying up for those dependant on promoting goods and services. One of Australia's largest creative advertising agencies WWP AUNZ (ASX: WWP) has felt the impact of the coronavirus financial crisis as d...

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Johnson & Johnson sets ambitious Covid-19 vaccine target

Johnson & Johnson sets ambitious Covid-19 vaccine target

体育在线365 US pharmaceutical giant Johnson & Johnson (J&J) has teamed up with a government office to commit more than US$1 billion (AUD$1.62 billion) for research, development and clinical testing of a Covid-19 vaccine candidate. The company announced yesterday its subsidiary Janssen Pharmaceutical Companies was expanding a partnership ...

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15-minute coronavirus test turns fortunes for Cellmid

15-minute coronavirus test turns fortunes for Cellmid

When the share market closed on Friday a little-known Australian life sciences company called Cellmid (ASX: CDY) was in a trading halt after selling at lows not seen since 2009. The loss-making group has been in the thick of a turnaround strategy that saw its bottom line improve somewhat in the first half of FY20, but investor confidence ...

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LiveHire called up to assist with QLD Government staff redeployments

LiveHire called up to assist with QLD Government staff redeployments

As containment efforts against Covid-19 intensify, Melbourne-based talent acquisition platform LiveHire (ASX: LVH) has been called upon to redeploy Government staff into critical roles. LiveHire has won a crucial Queensland State Government contract under which its platform will be used to profile, match and engage current employees in or...

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Rex calls force majeure and cancels Queensland flights

Rex calls force majeure and cancels Queensland flights

体育在线365 In a strange turn of events regional airline Regional Express (ASX: REX) has announced it will shut down its Queensland services, just days after thanking the Federal Government for much-needed financial support. Rex has essentially performed an aerial backflip; over the weekend the company's deputy chairman John Sharp welcomed a $198...

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Wesfarmers sells chunk of Coles for $1 billion

Wesfarmers sells chunk of Coles for $1 billion

Wesfarmers (ASX: WES) has sold 5.2 per cent of issued capital in supermarket Coles Group (ASX: COL) for $1.06 billion. The sale will proceed at $15.39 per share, and Wesfarmers expects to recognise a pre-tax profit on sale of around $130 million as a result. Wesfarmers, the former parent company of the well-performing supermarket, wil...

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Nick Scali closes all stores, stands down majority of staff

Nick Scali closes all stores, stands down majority of staff

体育在线365 Furniture retailer Nick Scali (ASX: NCK) has announced it will temporarily shut all stores from the close of business today, standing down the majority of its 500-strong workforce in the process. The group said it took the decision due to social isolation and distancing measures implemented by governments in Australia and New Zealand, as ...

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