EBR Staff Writer Published 28 August 2017 Petróleo Brasileiro (Petrobras) will go ahead with a corporate restructuring in BR Distribuidora which will include a capital contribution of nearly R$6.3bn ($2bn) and a partial spin-off of its fuel distribution arm. The decision from the Brazilian state-run oil company comes after an approval of the plans by…
David Dicker – CEO, Dicker Data Dicker Data has told shareholders it is expecting to see flat revenue growth in its New Zealand business during the second half of the year, after its distribution partnership with Cisco came to an end earlier this year. The Australian Securities Exchange (ASX)-listed distributor, which released its half-yearly financials…
Managed telecommunications, IT and cloud provider Inabox Group has experienced relatively flat growth following a year of two acquisitions and a restructure, as the business continues to shift its revenue mix from traditional telco driven business into new growth products. Inabox reported $90 million in revenue for the year ending 30 June 2017, an increase…
American broadcaster CBS has entered into a binding agreement to buy the Ten Network. In June Network Ten was placed in voluntary administration after failing to secure a new finance package. Picture: Richard Dobson AMERICAN broadcaster CBS has emerged as the buyer of troubled free-to-air television network Channel Ten. A statement released by receivers and…
CBS Corporation, the US broadcaster, is buying Australias Ten Network. Billionaires Lachlan Murdoch and Bruce Gordon, both significant shareholders in Ten, had been expected to end up as full owners. The network went into voluntary administration in June after the two shareholders refused to increase or extend a $200 million credit facility past December. The…
by Innes Willox Revisionism is the latest strategy of the union movement to bolster their power in workplaces and to increase union membership. The ACTU is calling for sweeping changes to the Fair Work Act on the false premise that it took away union rights and treated workers unfairly. The changes that the unions are…
Signs are emerging that the capital inflow from China to Australian property is slowing, but is being offset by Singaporean investors. In the first half of this calendar year, Chinese investment in Australian real estate fell 69 per cent, compared with the same period last year. Hong Kong investors recently bought London’s Leadenhall building (centre), also…
A division of the taxpayer-owned RBS bank which was meant to help companies in trouble mistreated many of its clients but did not try to profit from their distress, according to a leaked report by the regulator, the Financial Conduct Authority. According to the report, seen by the BBC, investigators found inappropriate action by Global…
Tracy Standish ran a family business, Bowlplex, that his father had started in Poole. The business, which was healthy until the recession hit, banked with RBS. The firm had 18 outlets when the global downturn began, but the recession was “dramatic in its impact”, he said. “It just stopped foot flow in the most dramatic…
KUALA LUMPUR: The board of directors of Sime Darby Bhd (SDB) has approved the final terms of the groups restructuring proposals to create three standalone listed entities in the Plantation, Property and Trading & Logistics sectors on the Main Market of Bursa Malaysia Securities Bhd. The proposals involve the restructuring of the Groups borrowings, transfer…