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Webjet rattles the tin again, this time for $163 million

After raising close to $350 million in April, travel company Webjet (ASX: WEB) has today announced a 100 million euro (AUD$163 million) convertible note issue to pay off debt and build a war chest for potential acquisitions. The announcement follows a UN report yesterday estimating COVID-1...

Webjet rattles the tin again, this time for $163 million

Business News Australia reports on business news, trends, and profiles for Sydney business owners, executives and entrepreneurs.

Webjet rattles the tin again, this time for $163 million
Webjet rattles the tin again, this time for $163 million

After raising close to $350 million in April, travel company Webjet (ASX: WEB) has today announced a 100 million e...

Victoria is on the precipice of an uncontrolled coronavirus outbreak. Will the new measures work?
Victoria is on the precipice of an uncontrolled coronavirus outbreak. Will the new measures work?

体育在线365 I recently wrote about Victoria's surge in COVID-19 cases. On that day, Victoria recorded 11 new infections, a...

Alterity Therapeutics market cap skyrockets from $18m to $333m in one day
Alterity Therapeutics market cap skyrockets from $18m to $333m in one day

体育在线365 Update 2 July, 2020: After this story was published, Alterity Therapeutics announced the proposed issue of more th...

Star Entertainment Group continues to reopen as COVID-19 restrictions ease
Star Entertainment Group continues to reopen as COVID-19 restrictions ease

From today, Star Entertainment Group's (ASX: SGR) venues in New South Wales and Queensland will reopen further...

Travellers from Victorian COVID-19 hotspots could face jail time if visiting NSW
Travellers from Victorian COVID-19 hotspots could face jail time if visiting NSW

People who leave Melbourne's COVID-19 hotspots and travel to NSW will be exposed to the possibility of six mon...

Survival of the smallest? Retail's post-COVID-19 future
Survival of the smallest? Retail's post-COVID-19 future

A consumer behaviour expert believes large retailers and shopping centres will face challenges as people spend les...

AMP completes sale of life insurance business for $3 billion
AMP completes sale of life insurance business for $3 billion

AMP (ASX: APM) will exit the life insurance business after 170 years after completing the sale of AMP Life to New ...

Lendlease to book at least $230m loss as COVID-19 devaluations bite
Lendlease to book at least $230m loss as COVID-19 devaluations bite

Property project developer Lendlease (ASX: LLC) has joined the likes of Stockland (ASX: SGP) and Mirvac&...

BAF one step closer to exit from Blue Sky management after long delays
BAF one step closer to exit from Blue Sky management after long delays

体育在线365 Blue Sky Alternatives Access Fund (ASX: BAF) has finally resolved issues that were holding back a management chang...

ASIC won't take action after RFG investigation
ASIC won't take action after RFG investigation

体育在线365 The Australian Securities and Investments Commission (ASIC) has notified Retail Food Group (ASX: RFG) it will not ...

Virgin shareholders will not see a cent from sale of airline
Virgin shareholders will not see a cent from sale of airline

体育在线365 Administrators of airline Virgin Australia (ASX: VAH) have clarified that shareholders will not receive any distri...

Seafolly appoints voluntary administrators
Seafolly appoints voluntary administrators

One of Australia's most iconic swimwear and women's beachwear brands is all at sea after 45 years in busin...

Federal Government to pump $1.35 billion into Nation's cyber security capabilities
Federal Government to pump $1.35 billion into Nation's cyber security capabilities

More than $1.35 billion will be invested into the nation's cyber security capabilities over the next decade by...

Servcorp cuts US footprint in half, closes 12 offices
Servcorp cuts US footprint in half, closes 12 offices

Serviced offices provider Servcorp (ASX: SRV) has finally bit the bullet with its underperforming US business with...

Two Kaufland properties sold to Woolworths, Aventus
Two Kaufland properties sold to Woolworths, Aventus

ASX-listed companies are picking up some of the first pieces from the surprise exit of German retailer Kaufland ea...

Companies

Alterity Therapeutics market cap skyrockets from $18m to $333m in one day
Alterity Therapeutics market cap skyrockets from $18m to $333m in one day

Update 2 July, 2020: After this story was published, Alterity Therapeutics announced the proposed issue of more th...

Property

Amazon Australia to construct robotic fulfilment centre in Sydney's West
Amazon Australia to construct robotic fulfilment centre in Sydney's West

Amazon Australia has announced plans to open its first Amazon Robotics fulfilment centre at the Oakdale West Indus...

Opinion

Victoria is on the precipice of an uncontrolled coronavirus outbreak. Will the new measures work?
Victoria is on the precipice of an uncontrolled coronavirus outbreak. Will the new measures work?

I recently wrote about Victoria's surge in COVID-19 cases. On that day, Victoria recorded 11 new infections, a...

Leadership

Accessible online courses pave path to pandemic recovery
Accessible online courses pave path to pandemic recovery

Businesses and organisations across the country are lending a hand where they can during the COVID-19 crisis, whet...

Entrepreneurship

Remote working revolution sees Canva valuation hit US$6 billion
Remote working revolution sees Canva valuation hit US$6 billion

体育在线365 Australian online design platform Canva is now worth US$6 billion (AUD$8.7 billion) after completing a US$60 milli...

Technology

Federal Government to pump $1.35 billion into Nation's cyber security capabilities
Federal Government to pump $1.35 billion into Nation's cyber security capabilities

体育在线365 More than $1.35 billion will be invested into the nation's cyber security capabilities over the next decade by...

Former Quantum Resources CEO charged with insider trading
Former Quantum Resources CEO charged with insider trading

体育在线365 The former CEO and director of gold mining company Quantum Resources (now known as Nova Minerals (ASX: NVA) has be...

Finance

BAF one step closer to exit from Blue Sky management after long delays
BAF one step closer to exit from Blue Sky management after long delays

Blue Sky Alternatives Access Fund (ASX: BAF) has finally resolved issues that were holding back a management chang...

Marketing

Survival of the smallest? Retail's post-COVID-19 future
Survival of the smallest? Retail's post-COVID-19 future

A consumer behaviour expert believes large retailers and shopping centres will face challenges as people spend les...

Executive Lifestyle

Photo Auction to take emerging Australian artists to the world
Photo Auction to take emerging Australian artists to the world

体育在线365 With its launch into Australia last November, Photo Auction hoped to add yet another market to its fast-growing fo...

Conference And Events

Gold Coast Convention and Exhibition Centre prepares to reopen
Gold Coast Convention and Exhibition Centre prepares to reopen

Green shoots are showing at one of Australia's preeminent conference and events spaces as the Gold Coast Conve...

Video

Adelaide robo-welders K-TIG list on the ASX
Adelaide robo-welders K-TIG list on the ASX

Following an oversubscribed $7 million capital raise Adelaide-based disruptors K-TIG have listed on the ASX under ...

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