Browsing Tag
Melbourne
67 posts
Victoria Labor doubles free dental clinic plan to 20 sites before November election
Victorian Premier Ben Carroll has doubled Labor's proposed free public dental clinic network from 10 to 20 facilities ahead of the November 28 state election. The expanded programme is intended to serve more than 200,000 people annually, although workforce shortages and delivery costs could become major challenges.
CSL (ASX: CSL) names new CEO. Can 5% profit growth sustain its rally?
CSL shares have recovered sharply from their June lows as investors anticipate an earnings turnaround. The appointment of Deborah Waterhouse brings fresh leadership, but flat revenue guidance and persistent weakness at CSL Vifor leave an important question about how much recovery is already reflected in the share price.
Transurban (ASX: TCL) traffic rises 3.1% as Sydney M7 and Melbourne West Gate Tunnel drive growth
Transurban has reported higher traffic across its Australian and North American toll road networks, supported by recently completed projects, while underlying growth is more moderate after excluding the new West Gate Tunnel.
NEXTDC (ASX: NXT) lowers EBITDA forecast after Jemena suspends Melbourne grid works
NEXTDC has reduced its FY27 revenue and earnings forecasts after electricity network delays disrupted the planned delivery of contracted capacity at its M3 Melbourne data centre, raising questions about power availability, customer obligations and the financial timing of Australia's data centre expansion.
NAB is cutting 2,500 jobs. Why is Australia’s biggest business bank shrinking now?
National Australia Bank will remove up to 2,500 internal roles and sharply reduce consultants as Andrew Irvine simplifies corporate functions, senior management and decision-making ahead of a tougher banking environment.
Helloworld Travel (ASX: HLO) forecasts up to A$84m FY27 EBITDA as Crown Currency deal approaches
Helloworld Travel has issued FY27 earnings guidance substantially above last year's result, supported by its pending Crown Currency Exchange acquisition and stronger forward travel bookings, although underlying first-quarter activity remained broadly unchanged.
Treasury Wine lost A$1.08bn and is now cutting 170 jobs. Is the Penfolds owner finally simplifying enough?
Treasury Wine Estates Limited has eliminated around 170 roles as its new regional operating model takes effect, with marketing, finance, information technology and other corporate functions carrying much of the reduction. The cuts form part of the TWE Ascent transformation, which targets A$100 million of annual savings while the Australian wine group simultaneously concentrates investment behind brands including Penfolds and DAOU.
Southern Cross Electrical Engineering lifts FY27 guidance after A$112m acquisition
Southern Cross Electrical Engineering has agreed to acquire fire protection and mechanical services specialist Entire Operations, expanding its national footprint and lifting FY27 earnings guidance while tying much of the purchase price to future performance.
CSL commits US$355m to lixudebart as rare kidney pipeline gains strategic weight
CSL is committing US$355 million upfront and funding a multi-indication clinical programme around Alentis Therapeutics’ lixudebart, giving the Australian biopharma group a potential new nephrology anchor as its existing Vifor portfolio faces material revenue headwinds.
Sequoia Financial Group (ASX:SEQ) rebounds 18% as asset discount draws focus
Sequoia Financial Group shares rebounded 17.65% to A$0.060 on October 5, yet the company remains almost 80% lower over one year. A deep discount to reported net tangible assets is colliding with restructuring uncertainty, InterPrac legal exposure and a sharply weaker FY2026 result.